Universal Corporation
UVV Consumer Defensive Tobacco
Universal Corporation’s revenue for fiscal 2026 (year ended March 2026) was $2.9 billion, down 0.77% from fiscal 2025. In the quarter to June 2026, revenue fell 11.8%, EPS fell 158.8%, free cash flow grew 38.8% and total debt was flat, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.
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Universal Corporation (UVV) Piotroski F-score
Universal Corporation's Piotroski F-score for fiscal 2026 is 5 out of 9: 5 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 5 | 0.00 |
| FY2025 | 5 | 1.00 |
| FY2024 | 4 | 0.00 |
| FY2023 | 4 | 1.00 |
| FY2022 | 3 | (3.00) |
| FY2021 | 6 | 2.00 |
| FY2020 | 4 | (3.00) |
| FY2019 | 7 | 3.00 |
| FY2018 | 4 | 1.00 |
| FY2017 | 3 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.13% | 3.21% | Pass | 1 |
| Positive operating cash flow | 129.10m | 326.97m | Pass | 1 |
| Rising return on assets | 1.13% | 3.21% | Fail | 0 |
| Cash flow above net income | 96.46m | 231.93m | Pass | 1 |
| Falling long-term leverage | 0.21 | 0.21 | Fail | 0 |
| Rising current ratio | 3.49 | 2.87 | Pass | 1 |
| No new shares issued | 25,038,000 | 24,947,000 | Fail | 0 |
| Rising gross margin | 17.51% | 18.62% | Fail | 0 |
| Rising asset turnover | 1.02 | 0.99 | Pass | 1 |
| Piotroski F-score | Mixed | 5 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| TPB Turning Point Brands, Inc. compare | 7 |
| MO Altria Group, Inc. compare | 7 |
| PM Philip Morris International Inc. compare | 7 |
| RLX RLX Technology Inc. Sponsored ADR compare | 7 |
| BTI British American Tobacco p.l.c. compare | 7 |
| UVV Universal Corporation | 5 |
| ISPR Ispire Technology Inc. compare | 4 |
| AIIR Air Global PLC compare | — |
| RYM RYTHM, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover