Universal Technical Institute Inc
UTI Consumer Defensive Education & Training Services
Universal Technical Institute Inc’s revenue for fiscal 2025 (year ended September 2025) was $835.6 million, up 14.0% from fiscal 2024. In the quarter to June 2026, revenue grew 7.15%, EPS fell 80.0%, free cash flow fell 408.9% and total debt rose 117.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
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Universal Technical Institute Inc (UTI) Altman Z-score
Universal Technical Institute Inc's Altman Z-score for fiscal 2025 is 3.67, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.67 | 1.33 |
| FY2024 | 2.34 | 1.05 |
| FY2023 | 1.29 | 0.09 |
| FY2022 | 1.20 | (0.01) |
| FY2021 | 1.22 | 0.17 |
| FY2020 | 1.05 | (0.48) |
| FY2019 | 1.52 | 0.61 |
| FY2018 | 0.92 | (0.70) |
| FY2017 | 1.62 | 0.30 |
| FY2016 | 1.31 | (0.43) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.02 | — | 0.02 | |
| Retained earnings / total assets | 0.12 | — | 0.17 | |
| EBIT / total assets | 0.10 | — | 0.33 | |
| Market value of equity / total liabilities | 3.55 | — | 2.13 | |
| Sales / total assets | 1.01 | — | 1.01 | |
| Altman Z-score | Safe zone | 3.67 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.91 | ||
Z and Z″ put Universal Technical Institute Inc in different zones: safe zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| PRDO Perdoceo Education Corporation compare | 6.7× |
| STRA Strategic Education Inc. compare | 3.9× |
| APEI American Public Education, Inc. compare | 3.7× |
| UTI Universal Technical Institute Inc | 3.7× |
| LINC Lincoln Educational Services Corporation compare | 3.0× |
| AFYA Afya Limited compare | 2.4× |
| COUR Coursera, Inc. compare | 1.9× |
| DAO Youdao, Inc. Unsponsored ADR compare | −0.2× |
| PXED Phoenix Education Partners, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets