UniFirst Corporation

UniFirst Corporation

UNFยทNYSE

$264.59

+0.42%
IndustrialsSpecialty Business Services

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments. The company also rents and sells industrial wiping products, floor mats, facility service products, and dry and wet mops; restroom and cleaning supplies comprising air fresheners, paper products, gloves, masks, sanitizers, and hand soaps; and other textile products. In addition, it provides first aid cabinet services and other safety supplies; decontaminates and cleans work clothes, and other items that is exposed to radioactive materials; and services special cleanroom protective wear and facilities. Further, it offers a range of garment service options, including full-service rental programs in which garments are cleaned and serviced; lease programs in which garments are cleaned and maintained by individual employees; and purchase programs to buy garments and related items directly. The company serves automobile service centers and dealers, delivery services, food and general merchandise retailers, food processors and service operations, light manufacturers, maintenance facilities, restaurants, service companies, soft and durable goods wholesalers, transportation companies, healthcare providers, government agencies, research and development laboratories, high technology companies, and utilities operating nuclear reactors, as well as others who require employee clothing for image, identification, protection, or utility purposes. UniFirst Corporation was founded in 1936 and is headquartered in Wilmington, Massachusetts.

At a Glance

Live Snapshot
Market Cap$4.84B
EPS8.3300
P/E Ratio31.76
Earnings Date07/01/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 31.8).

Valuation inputs: P/E 31.8, earnings yield +3.1%, momentum +0.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +6.8%, ROIC +5.6%).

Profitability stack: net margin +6.1%, ROE +6.8%, ROIC +5.6%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +21.9%, momentum +0.4%, net margin +6.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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UniFirst Corporation Market vs Earnings Trajectory

UNF ยท NYSE

Loading price and EPS data...

UniFirst Corporation

UniFirst Corporation Fair Value Envelope

UNF ยท NYSE

Our analysis suggests that UNF has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $264.59, this represents a potential HIDDEN relative to our calculated worth for UniFirst Corporation.

Intrinsic Value
Current Price: $264.59
3Y+44.0%
5Y+46.0%
10Y+12.0%
3Y+9.0%
5Y+22.0%
10Y+35.0%
3Y+43.0%
5Y+43.0%
10Y+9.0%
3Y+37.0%
5Y+141.0%
10Y+3.0%
3Y+223.0%
5Y-752.0%
10Y-17.0%
3Y+8.0%
5Y+14.0%
10Y+26.0%
UniFirst Corporation

UniFirst Corporation Profit Bridge

UNF ยท NYSE
Revenue2.43B
Cost of Goods Sold (1.68B)
Gross Profit749.60M
Operating Expenses (565.10M)
Operating Income184.50M
Interest Expense (0.00)
Other Income/Expense10.88M
Pretax Income195.38M
Income Tax (47.10M)
Net Income148.27M
Net Income
148.27M

Profitability Analysis

Gross Margin

30.8%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

7.6%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

6.1%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

24.1%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

30.82%
Gross Profit Margin
3Y-8.0%
5Y-11.0%
10Y-13.0%
7.59%
Operating Profit Margin
3Y+27.0%
5Y+13.0%
10Y-21.0%
6.10%
Net Profit Margin
3Y+31.0%
5Y+18.0%
10Y-19.0%
6.84%
Return on Equity
3Y+32.0%
5Y+27.0%
10Y-12.0%
5.34%
Return on Assets
3Y+32.0%
5Y+25.0%
10Y-14.0%
5.59%
Return on Invested Capital
3Y+30.0%
5Y+19.0%
10Y-15.0%
UNF

UniFirst Corporation Cash Conversion Engine

UNF ยท NYSE
Net Income148.27M
Depreciation & Amortization142.51M
Stock-Based Compensation0.00
Change in Working Capital-8.31M
Others9.34M
Capital Expenditures-154.34M
Free Cash Flow141.36M

Cash Flow Quality Analysis

FCF Conversion Rate

95.3%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

52.2%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

0.0%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$8.31M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.

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UniFirst Corporation Funding & Solvency Profile

UNF ยท NYSE
Cash & Cash Equivalents151.79M
Net Receivables291.58M
Inventory147.48M
Other Current Assets306.57M
Total Current Assets903 M
Property, Plant & Equipment925.86M
Goodwill & Intangible Assets765.79M
Long-Term Investments0.00
Other Non-Current Assets204.68M
Total Non-Current Assets1 B
Total Assets
2.80B

Financial Health Analysis

Current Ratio

3.11x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.28x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

613 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

32% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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UniFirst Corporation Street Expectations Map

UNF ยท NYSE

Wall Street analysts project that UNF stock may decline over the coming 12 months. The consensus 1-year price target stands at 202.00, with estimates ranging from a low of 198.00 to a high of 206.00.

Lowest Target
198.00
-25.17%
Consensus Target
202.00
-23.66%
Highest Target
206.00
-22.14%

The consensus 1-year price target stands at 202.00, with estimates ranging from a low of 198.00 to a high of 206.00.

Analyst Consensus Analysis

Upside Potential

-23.7%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

4.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

0.88x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Consensus overvaluation: Analysts agree the stock is richly valued with limited upside. Consider booking profits or defensive positioning unless you have contrarian conviction in unrecognized catalysts.

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UniFirst Corporation Insider Positioning

UNF ยท NYSE

During the last 12 months, insiders have sold $575K worth of UNF shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

2.6K

574.91K

Net Activity

-575K

-$575K

6-9 Months

Bought

0

0.00

Sold

1

156.00

Net Activity

-156

-$156

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
KDM

Katz David Martin

Officer: Executive Vp, Sales/Marketing

1.5K sharesโ€ข2 transactions

$348K

2
RWM

Ross William Masters

Officer: Executive Vice President

1.1K sharesโ€ข1 transactions

$227K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $575K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

2 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.15%
Dividend Yield
-24%
3Y+1.0%
5Y+56.0%
10Y+401.0%
ย 

unf Dividend History

UNF
10Y CAGR +26%
Latest $0.365
Annual $1.795
5 year growth trend
Last Period: +0%