Saturday 17 October 2026
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Unifirst Corporation
UNF Industrials Specialty Business Services
Unifirst Corporation’s revenue for fiscal 2025 (year ended August 2025) was $2.4 billion, roughly unchanged from fiscal 2024. In the quarter to May 2026, revenue grew 3.87%, EPS fell 48.2% and free cash flow fell 21.7%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three.
263.00
1.83
−0.69%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to August
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 96.90 | 124.85 | 133.17 | 132.38 | 121.89 | 189.84 | 154.72 | 150.50 | 149.58 | 147.66 |
Analyst estimates 2026–2028 Powerpack |
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| High | 147.65 | 171.80 | 193.05 | 214.39 | 217.90 | 258.86 | 214.66 | 205.59 | 208.20 | 243.70 | |||||
| People | |||||||||||||||
| People | Employees | 13,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 16,000 | 16,000 | 16,000 | ||||
| Revenue/emp, $m | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.15 | 0.15 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,468 | 1,591 | 1,696 | 1,809 | 1,804 | 1,826 | 2,001 | 2,233 | 2,427 | 2,432 | ||||
| Gross margin, % | 38.66 | 37.55 | 37.71 | 37.04 | 35.43 | 37.51 | 34.70 | 33.66 | 34.92 | 36.59 | |||||
| EBT | 203 | 115 | 187 | 238 | 178 | 197 | 134 | 139 | 189 | 195 | |||||
| EBT margin, % | 13.85 | 7.24 | 11.04 | 13.15 | 9.86 | 10.78 | 6.71 | 6.22 | 7.80 | 8.03 | |||||
| Net income | 125 | 70 | 164 | 179 | 136 | 151 | 103 | 104 | 145 | 148 | |||||
| Depreciation | 82 | 89 | 97 | 103 | 105 | 106 | 109 | 121 | 141 | 140 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 73.18 | 78.89 | 85.63 | 94.82 | 95.36 | 96.73 | 106.29 | 119.49 | 130.07 | 131.33 | ||||
| Earnings | 6.17 | 3.63 | 8.66 | 9.77 | 7.46 | 8.32 | 5.71 | 5.77 | 8.11 | 8.33 | |||||
| Cash flow | 10.35 | 10.82 | 11.61 | 14.79 | 15.15 | 11.24 | 6.52 | 11.55 | 15.82 | 16.03 | |||||
| Capex | (4.90) | (5.34) | (5.60) | (6.26) | (6.15) | (7.05) | (7.56) | (9.17) | (8.53) | (8.16) | |||||
| Free cash flow | 5.45 | 5.48 | 6.01 | 8.53 | 9.00 | 4.20 | (1.04) | 2.37 | 7.29 | 7.87 | |||||
| Book value | 68.03 | 72.05 | 73.95 | 86.01 | 92.03 | 99.20 | 101.78 | 107.23 | 112.98 | 117.11 | |||||
| Shares, m | 20 | 20 | 20 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 20.00 | 39.45 | 21.46 | 19.78 | 25.82 | 27.50 | 31.51 | 30.58 | 22.94 | 21.14 | ||||
| P/S | 1.75 | 1.82 | 2.16 | 2.04 | 2.02 | 2.37 | 1.70 | 1.47 | 1.43 | 1.34 | |||||
| P/B | 1.89 | 1.99 | 2.50 | 2.25 | 2.09 | 2.31 | 1.77 | 1.64 | 1.65 | 1.50 | |||||
| EV/Sales | 1.51 | 1.60 | 2.01 | 1.83 | 1.76 | 2.09 | 1.51 | 1.44 | 1.36 | 1.26 | |||||
| EV/FCF | 20.28 | 23.08 | 28.59 | 20.33 | 18.65 | 48.16 | (153.81) | 72.39 | 24.27 | 20.95 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 208 | 218 | 230 | 282 | 287 | 212 | 123 | 216 | 295 | 297 | ||||
| Capex | (98) | (108) | (111) | (119) | (116) | (133) | (142) | (171) | (159) | (151) | |||||
| Free cash flow | 109 | 111 | 119 | 163 | 170 | 79 | (20) | 44 | 136 | 146 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 625 | 636 | 586 | 724 | 759 | 849 | 820 | 573 | 634 | 634 | ||||
| Total debt | — | — | — | — | 42 | 43 | 52 | 65 | — | — | |||||
| Net debt | (364) | (350) | (271) | (385) | (475) | (513) | (376) | (90) | (175) | (209) | |||||
| Shareholders’ equity | 1,365 | 1,453 | 1,465 | 1,641 | 1,741 | 1,873 | 1,916 | 2,004 | 2,109 | 2,169 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 7.73 | 3.99 | 8.95 | 9.21 | 6.39 | 6.60 | 4.30 | 4.15 | 5.52 | 5.42 | ||||
| ROIC | 12.56 | 6.25 | 9.54 | 11.55 | 8.53 | 9.00 | 5.45 | 4.36 | 5.93 | 5.88 | |||||
| ROE | 9.59 | 4.98 | 11.23 | 11.53 | 8.03 | 8.36 | 5.46 | 5.29 | 7.07 | 6.93 | |||||
Negative figures in brackets.
Fiscal years to Aug 2025 · latest quarter May 2026
Charts ten years each
Unifirst Corporation vs peers in Specialty Business Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| RTO Rentokil Initial PLC | $10.5B | 61.8× | 29.4× | +66.96% (above 0%: growing) | +6.36% (above 0%: growing) | +7.92% (above 0%: growing) | 13.59% | 0.00% | Compare |
| DLB Dolby Laboratories | $5.7B | 25.2× | 16.5× | −3.34% (below 0%: shrinking) | −37.50% (below 0%: shrinking) | +157.37% (above 0%: growing) | 86.78% | 11.25% | Compare |
| AMTM Amentum Holdings, Inc. | $4.7B | 23.5× | 21.9× | −1.99% (below 0%: shrinking) | +575.00% (above 0%: growing) | +35.00% (above 0%: growing) | 10.32% | 4.93% | Compare |
| UNF Unifirst Corporation | $4.6B | 39.7× | 39.4× | +3.87% (above 0%: growing) | −48.20% (below 0%: shrinking) | −21.68% (below 0%: shrinking) | 37.00% | 3.63% | |
| AZZ AZZ Inc. | $3.9B | 23.2× | 22.1× | +16.68% (above 0%: growing) | −34.39% (below 0%: shrinking) | +115.52% (above 0%: growing) | 25.08% | 17.21% | Compare |
| FA First Advantage Corporation | $3.5B | 132× | 67.8× | +14.88% (above 0%: growing) | +5,455.56% (above 0%: growing) | +120.17% (above 0%: growing) | 45.46% | 12.71% | Compare |
| MMS Maximus, Inc. | $3.2B | 9.0× | 8.1× | −5.15% (below 0%: shrinking) | +4.81% (above 0%: growing) | +30.90% (above 0%: growing) | 27.27% | 12.62% | Compare |
| CBZ CBIZ, Inc. | $3.0B | 25.6× | 12.1× | −0.19% (below 0%: shrinking) | −53.03% (below 0%: shrinking) | +32.13% (above 0%: growing) | 10.62% | 4.99% | Compare |
| ABM ABM Industries Incorporated | $3.0B | 18.4× | 12.2× | +4.19% (above 0%: growing) | +25.37% (above 0%: growing) | −13.91% (below 0%: shrinking) | 12.35% | 3.95% | Compare |
| Median of peers | $3.7B | 24.4× | 19.2× | +2.00% | +5.59% | +33.57% | 19.34% | 8.12% |
Unifirst Corporation (UNF) key facts
- Strength: Net income was $148.3 million, or $8.33 per share (basic), a net margin of 6.10%.
- Unifirst Corporation (UNF) is a Specialty Business Services company in the Industrials sector, listed on the New York Stock Exchange.
- Unifirst Corporation’s revenue for fiscal 2025 (year ended August 2025) was $2.4 billion, roughly unchanged from fiscal 2024.
- As of October 16, 2026, UNF traded at $263.00, a market capitalization of $4.6 billion.
- At that price the stock trades at 39.7× trailing-twelve-month earnings and 1.9× sales; its P/E is higher than 94% of its own readings over the past ten years.
- Unifirst Corporation pays an annual dividend of $1.46 per share, a yield of 0.56%, with a payout ratio of 23.0%.
- Return on equity was 6.93% and debt-to-equity 0.00.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 5.66 (safe zone) for fiscal 2025.