UTI

MKT CAP:$2B

Universal Technical Institute, Inc.

Market Cap

$2B

Consumer Defensive·Education & Training Services·🇺🇸 United States·NYSE

Consumer Def.·Education·🇺🇸·NYSE

Stock Price

$36.85+$12.01 (+48.35%)

Apr 23, 2026

Company Details

Universal Technical Institute, Inc. provides transportation and technical training programs in the United States. The company provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair...

CEO

Jerome A. Grant

IPO Date

Dec 18, 2003

Website

www.uti.edu

Key Metrics TTM

Revenue

$855M

+12.6% YoY

Net Income

$54M

EPS (Diluted)

$0.97

Free Cash Flow

$17M

Revenue / Share

$15.34

Gross Margin

49.5%

Operating Margin

8.4%

Net Margin

6.3%

FCF Margin

1.9%

P/S

2.3x

P/E

36.5x

Earnings Reports

Q2 2026

May 6, 2026

PENDING

Q1 2026

Feb 5, 2026

$221M+9.6%EPS $0.23

FY 2025

Nov 26, 2025

$836M+14.0%EPS $1.13

Q4 2025

Nov 26, 2025

$222M+13.3%EPS $0.34

Q3 2025

Aug 7, 2025

$204M+15.1%EPS $0.19

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$102M	$53M	$3M
Q3 22	$101M	$48M	$2M
Q4 22	$111M	$54M	$3M
Q1 23	$120M	$59M	$4M
Q2 23	$164M	$77M	$6M
Q3 23	$153M	$65M	$663.0K
Q4 23	$170M	$77M	$10M
Q1 24	$175M	$82M	$14M
Q2 24	$184M	$87M	$11M
Q3 24	$177M	$82M	$7M
Q4 24	$196M	$97M	$26M
Q1 25	$201M	$101M	$27M
Q2 25	$207M	$105M	$17M
Q3 25	$204M	$98M	$14M
Q4 25	$222M	$111M	$25M
Q1 26	$221M	$110M	$16M

Valuation

Quarter	P/S	P/E
Q2 22	5.1x	52.7x
Q3 22	4.8x	56.0x
Q4 22	4.7x	75.9x
Q1 23	4.5x	143.5x
Q2 23	4.0x	200.2x
Q3 23	3.6x	232.2x
Q4 23	3.2x	159.2x
Q1 24	3.0x	97.8x
Q2 24	2.9x	80.5x
Q3 24	2.8x	65.7x
Q4 24	2.7x	46.7x
Q1 25	2.6x	36.5x
Q2 25	2.5x	34.2x
Q3 25	2.4x	31.1x
Q4 25	2.3x	31.1x
Q1 26	2.3x	36.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$8M	-$34M
Q3 22	-$2M	-$19M
Q4 22	$38M	$28M
Q1 23	$3M	-$4M
Q2 23	-$7M	-$39M
Q3 23	-$418.0K	-$11M
Q4 23	$54M	$46M
Q1 24	$11M	$7M
Q2 24	-$2M	-$8M
Q3 24	$10M	$3M
Q4 24	$68M	$60M
Q1 25	$23M	$20M
Q2 25	-$789.0K	-$12M
Q3 25	$18M	$7M
Q4 25	$57M	$41M
Q1 26	$3M	-$19M

Capital Expenditures

Quarter	CapEx
Q2 22	$42M
Q3 22	$16M
Q4 22	$10M
Q1 23	$7M
Q2 23	$32M
Q3 23	$10M
Q4 23	$8M
Q1 24	$4M
Q2 24	$6M
Q3 24	$7M
Q4 24	$8M
Q1 25	$3M
Q2 25	$11M
Q3 25	$11M
Q4 25	$16M
Q1 26	$22M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+31.4%	+24.4%
Q3 22	+20.5%	+22.7%
Q4 22	+13.5%	+26.5%
Q1 23	+14.2%	+26.3%
Q2 23	+60.5%	+59.9%
Q3 23	+51.8%	+54.1%
Q4 23	+53.9%	+49.3%
Q1 24	+45.6%	+38.9%
Q2 24	+12.4%	+9.6%
Q3 24	+15.8%	+11.4%
Q4 24	+15.3%	+6.5%
Q1 25	+15.3%	+8.4%
Q2 25	+12.6%	+10.2%
Q3 25	+15.1%	+11.8%
Q4 25	+13.3%	+15.9%
Q1 26	+9.6%	+17.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$2M	1.5%
Q3 22	$1M	1.0%
Q4 22	$1M	1.0%
Q1 23	$1M	1.0%
Q2 23	$2M	1.3%
Q3 23	$533.0K	0.3%
Q4 23	$33.0K	0.0%
Q1 24	$1M	0.8%
Q2 24	$2M	1.3%
Q3 24	$2M	1.0%
Q4 24	$3M	1.5%
Q1 25	$720.0K	0.4%
Q2 25	$3M	1.5%
Q3 25	$3M	1.3%
Q4 25	$0	0.0%
Q1 26	$3M	1.2%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$36M	$14M
Q3 22	$32M	$13M
Q4 22	$35M	$13M
Q1 23	$40M	$15M
Q2 23	$50M	$21M
Q3 23	$45M	$19M
Q4 23	$49M	$18M
Q1 24	$49M	$19M
Q2 24	$54M	$21M
Q3 24	$55M	$19M
Q4 24	$53M	$18M
Q1 25	$53M	$21M
Q2 25	$64M	$24M
Q3 25	$62M	$23M
Q4 25	$64M	$21M
Q1 26	$70M	$25M

Revenue Segments

Quarter	Other Segments	Postsecondary Education
Q2 22	$3M	$99M
Q3 22	$3M	$98M
Q4 22	$4M	$107M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$61M	$0	$61M
Q3 22	$71M	$0	$71M
Q4 22	$66M	$29M	$95M
Q1 23	$162M	$0	$162M
Q2 23	$121M	$0	$121M
Q3 23	$111M	$0	$111M
Q4 23	$152M	$0	$152M
Q1 24	$144M	$0	$144M
Q2 24	$116M	$0	$116M
Q3 24	$116M	$0	$116M
Q4 24	$162M	$0	$162M
Q1 25	$172M	$0	$172M
Q2 25	$96M	$40M	$136M
Q3 25	$73M	$47M	$121M
Q4 25	$127M	$42M	$169M
Q1 26	$94M	$69M	$163M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	33M	-0.4%	+2.1%
Q3 22	33M	-0.5%	+0.7%
Q4 22	34M	+3.1%	+2.7%
Q1 23	34M	+0.4%	+2.5%
Q2 23	35M	+0.4%	+3.3%
Q3 23	34M	-1.4%	+2.4%
Q4 23	35M	+2.2%	+1.6%
Q1 24	37M	+7.5%	+8.8%
Q2 24	55M	+46.3%	+58.5%
Q3 24	55M	+0.3%	+61.3%
Q4 24	55M	+0.8%	+59.1%
Q1 25	55M	+0.0%	+48.0%
Q2 25	55M	+0.1%	+1.2%
Q3 25	56M	+0.3%	+1.2%
Q4 25	56M	+0.2%	+0.6%
Q1 26	56M	+0.0%	+0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$61.5K	2K
Q3 22	$60.8K	2K
Q4 22	$56.7K	2K
Q1 23	$61.5K	2K
Q2 23	$84.0K	2K
Q3 23	$78.6K	2K
Q4 23	$56.8K	3K
Q1 24	$58.2K	3K
Q2 24	$61.4K	3K
Q3 24	$59.2K	3K
Q4 24	$53.1K	4K
Q1 25	$54.4K	4K
Q2 25	$56.1K	4K
Q3 25	$55.2K	4K
Q4 25	$54.3K	4K
Q1 26	$53.9K	4K

Revenue / Employee