United Guardian Financials

Source SEC Filings (10-K/10-Q) Updated Mar 27, 2026 Currency USD FYE March

This page shows United Guardian (UG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 67/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

United Guardian has an operating margin of 21.3%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 69/100, reflecting efficient cost management and pricing power. This is down from 29.9% the prior year.

Growth

United Guardian's revenue declined 13.4% year-over-year, from $12.2M to $10.5M. This contraction results in a growth score of 11/100.

Leverage

United Guardian carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 7.31, United Guardian holds $7.31 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

United Guardian converts 18.1% of revenue into free cash flow ($1.9M). This strong cash generation earns a score of 70/100.

Returns

United Guardian's ROE of 18.8% shows moderate profitability relative to equity, earning a score of 53/100. This is down from 27.4% the prior year.

Altman Z-Score Safe

13.05

United Guardian scores 13.05, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($29.9M) relative to total liabilities ($1.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

4/9

United Guardian passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.93x

For every $1 of reported earnings, United Guardian generates $0.93 in operating cash flow ($2.0M OCF vs $2.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$10.5M

YoY-13.4%

5Y CAGR-0.8%

10Y CAGR-2.8%

United Guardian generated $10.5M in revenue in fiscal year 2025. This represents a decrease of 13.4% from the prior year.

EBITDA

$2.4M

YoY-37.2%

5Y CAGR-9.2%

10Y CAGR-9.6%

United Guardian's EBITDA was $2.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 37.2% from the prior year.

Net Income

$2.1M

YoY-35.2%

5Y CAGR-8.6%

10Y CAGR-7.5%

United Guardian reported $2.1M in net income in fiscal year 2025. This represents a decrease of 35.2% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$1.9M

YoY-37.1%

5Y CAGR-11.7%

10Y CAGR-9.4%

United Guardian generated $1.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 37.1% from the prior year.

Cash & Debt

$1.3M

YoY-33.3%

5Y CAGR+16.2%

10Y CAGR+1.5%

United Guardian held $1.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.60

YoY+0.0%

United Guardian paid $0.60 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+0.0%

United Guardian had 5M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

48.8%

YoY-4.3pp

5Y CAGR-6.9pp

10Y CAGR-14.1pp

United Guardian's gross margin was 48.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.3 percentage points from the prior year.

Operating Margin

21.3%

YoY-8.7pp

5Y CAGR-11.8pp

10Y CAGR-23.7pp

United Guardian's operating margin was 21.3% in fiscal year 2025, reflecting core business profitability. This is down 8.7 percentage points from the prior year.

Net Margin

20.0%

YoY-6.7pp

5Y CAGR-10.1pp

10Y CAGR-12.9pp

United Guardian's net profit margin was 20.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.7 percentage points from the prior year.

Return on Equity

18.8%

YoY-8.6pp

5Y CAGR-13.2pp

10Y CAGR-12.8pp

United Guardian's ROE was 18.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.6 percentage points from the prior year.

Capital Allocation

R&D Spending

$464K

YoY+1.5%

5Y CAGR+0.5%

10Y CAGR-3.3%

United Guardian invested $464K in research and development in fiscal year 2025. This represents an increase of 1.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$59K

YoY-86.4%

5Y CAGR+6.3%

10Y CAGR-0.6%

United Guardian invested $59K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 86.4% from the prior year.

UG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$10.5M-13.4%	$12.2M+11.9%	$10.9M-14.3%	$12.7M-8.8%	$13.9M+26.8%	$11.0M
Cost of Revenue	$5.4M-5.5%	$5.7M+4.4%	$5.5M-8.6%	$6.0M+4.3%	$5.7M+18.0%	$4.9M
Gross Profit	$5.1M-20.4%	$6.5M+19.5%	$5.4M-19.3%	$6.7M-18.1%	$8.2M+33.8%	$6.1M
R&D Expenses	$464K+1.5%	$457K-1.6%	$464K-5.5%	$491K+2.5%	$479K+6.1%	$451K
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$2.2M-38.5%	$3.6M+27.4%	$2.9M-29.1%	$4.0M-28.8%	$5.7M+55.9%	$3.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$537K-37.3%	$858K+28.1%	$669K+1.7%	$658K-46.0%	$1.2M+42.4%	$856K
Net Income	$2.1M-35.2%	$3.3M+25.9%	$2.6M+0.5%	$2.6M-44.8%	$4.7M+41.0%	$3.3M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$2.3M-20.2%	$2.8M+14.4%	$2.5M+0.2%	$2.5M-19.1%	$3.1M-9.7%	$3.4M+4.2%	$3.3M+24.9%	$2.6M
Cost of Revenue	$1.3M-2.2%	$1.3M+19.4%	$1.1M-6.0%	$1.2M-15.2%	$1.4M-9.8%	$1.6M+0.3%	$1.6M+28.9%	$1.2M
Gross Profit	$953K-36.4%	$1.5M+10.3%	$1.4M+6.0%	$1.3M-22.4%	$1.7M-9.7%	$1.8M+7.7%	$1.7M+21.4%	$1.4M
R&D Expenses	$117K+8.6%	$108K-5.7%	$114K-12.7%	$131K+18.0%	$111K-0.5%	$112K+8.4%	$103K-6.5%	$110K
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$215K-69.1%	$695K+13.8%	$611K+9.8%	$556K-41.4%	$949K-14.9%	$1.1M+8.6%	$1.0M+29.7%	$791K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$58K-64.6%	$164K+11.4%	$147K+7.3%	$137K-40.6%	$231K-7.3%	$249K+3.4%	$241K+24.4%	$193K
Net Income	$268K-57.2%	$627K+11.8%	$561K+11.3%	$504K-41.8%	$865K-9.5%	$956K+3.3%	$925K+25.5%	$737K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$13.1M-5.0%	$13.8M+6.8%	$12.9M+21.5%	$10.6M-13.1%	$12.2M+2.7%	$11.9M
Current Assets	$12.2M-3.7%	$12.7M+3.4%	$12.3M+22.9%	$10.0M-13.9%	$11.6M+3.0%	$11.2M
Cash & Equivalents	$1.3M-33.3%	$1.9M-77.2%	$8.2M+892.6%	$830K+56.3%	$531K-10.2%	$591K
Inventory	$1.5M+3.8%	$1.5M+18.7%	$1.2M-26.8%	$1.7M+18.5%	$1.4M-0.4%	$1.4M
Accounts Receivable	$1.6M+11.1%	$1.4M-8.8%	$1.6M+9.8%	$1.4M-21.3%	$1.8M+30.7%	$1.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.9M-2.0%	$1.9M+24.8%	$1.5M+11.7%	$1.4M-43.3%	$2.4M+54.6%	$1.6M
Current Liabilities	$1.7M-12.8%	$1.9M+24.8%	$1.5M+11.7%	$1.4M-41.2%	$2.3M+65.3%	$1.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$11.2M-5.5%	$11.9M+4.3%	$11.4M+22.9%	$9.3M-5.6%	$9.8M-5.1%	$10.4M
Retained Earnings	$10.8M-5.7%	$11.4M+4.5%	$10.9M+24.1%	$8.8M-5.9%	$9.4M-5.4%	$9.9M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$12.2M-9.1%	$13.4M+4.9%	$12.8M-7.5%	$13.8M+4.1%	$13.3M-4.2%	$13.8M+6.0%	$13.0M+1.0%	$12.9M
Current Assets	$11.2M-9.8%	$12.5M+6.6%	$11.7M-7.7%	$12.7M+1.4%	$12.5M-5.0%	$13.1M+5.7%	$12.4M+1.4%	$12.3M
Cash & Equivalents	$861K-51.3%	$1.8M+39.3%	$1.3M-32.3%	$1.9M-23.2%	$2.4M-70.9%	$8.4M+18.8%	$7.1M-14.2%	$8.2M
Inventory	$1.4M-8.0%	$1.5M+1.9%	$1.5M+3.5%	$1.5M+21.9%	$1.2M+1.6%	$1.2M-8.3%	$1.3M+4.5%	$1.2M
Accounts Receivable	$1.2M-39.1%	$1.9M+22.9%	$1.6M+8.7%	$1.4M-4.4%	$1.5M-10.9%	$1.7M-21.4%	$2.1M+36.1%	$1.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6M-17.3%	$1.9M+0.2%	$1.9M+0.7%	$1.9M+2.1%	$1.9M+9.5%	$1.7M-9.0%	$1.9M+22.7%	$1.5M
Current Liabilities	$1.6M-13.8%	$1.9M-3.8%	$1.9M+0.7%	$1.9M+2.1%	$1.9M+9.5%	$1.7M-8.0%	$1.9M+21.4%	$1.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$10.6M-7.7%	$11.5M+5.8%	$10.8M-8.8%	$11.9M+4.4%	$11.4M-6.1%	$12.1M+8.6%	$11.2M-2.0%	$11.4M
Retained Earnings	$10.1M-8.0%	$11.0M+6.0%	$10.4M-9.2%	$11.4M+4.6%	$10.9M-6.4%	$11.7M+8.9%	$10.7M-2.0%	$10.9M

UG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.0M-43.3%	$3.5M+10.2%	$3.1M+24.5%	$2.5M-52.5%	$5.3M+47.8%	$3.6M
Capital Expenditures	$59K-86.4%	$433K+161.3%	$166K+120.4%	$75K-35.4%	$116K+168.2%	$43K
Free Cash Flow	$1.9M-37.1%	$3.0M+1.8%	$3.0M+21.6%	$2.4M-52.9%	$5.2M+46.4%	$3.6M
Investing Cash Flow	$175K+102.5%	-$7.1M-249.7%	$4.7M+426.7%	$898K+589.2%	-$183K+60.9%	-$469K
Financing Cash Flow	-$2.8M-0.4%	-$2.8M-500.0%	-$459K+85.3%	-$3.1M+39.8%	-$5.2M-44.9%	-$3.6M
Dividends Paid	$2.8M+0.4%	$2.8M+500.0%	$459K-85.3%	$3.1M-39.8%	$5.2M+44.9%	$3.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$1.0M+233.4%	$303K-5.8%	$322K+19.6%	$269K-78.1%	$1.2M-7.2%	$1.3M+105.6%	$644K-42.9%	$1.1M
Capital Expenditures	$15K-13.5%	$18K+388.2%	$4K-98.9%	$315K+930.0%	$31K-53.2%	$65K+197.6%	$22K-76.5%	$93K
Free Cash Flow	$996K+248.6%	$286K-10.3%	$318K+794.2%	-$46K-103.8%	$1.2M-4.8%	$1.3M+102.3%	$622K-39.8%	$1.0M
Investing Cash Flow	-$770K-473.3%	$206K-69.6%	$679K+181.3%	-$836K+85.0%	-$5.6M-70387.0%	$8K+101.2%	-$665K-114835.8%	-$579
Financing Cash Flow	-$1.1M-11061.7%	-$10K+99.4%	-$1.6M	$0+100.0%	-$1.6M	$0+100.0%	-$1.1M	$0
Dividends Paid	$1.1M+11061.7%	$10K-99.4%	$1.6M	$0-100.0%	$1.6M	$0-100.0%	$1.1M	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	48.8%-4.3pp	53.0%+3.4pp	49.7%-3.1pp	52.8%-6.0pp	58.7%+3.1pp	55.6%
Operating Margin	21.3%-8.7pp	29.9%+3.6pp	26.3%-5.5pp	31.8%-8.9pp	40.7%+7.6pp	33.1%
Net Margin	20.0%-6.7pp	26.7%+3.0pp	23.7%+3.5pp	20.2%-13.2pp	33.4%+3.4pp	30.1%
Return on Equity	18.8%-8.6pp	27.4%+4.7pp	22.7%-5.1pp	27.7%-19.7pp	47.4%+15.5pp	31.9%
Return on Assets	16.1%-7.5pp	23.6%+3.6pp	20.0%-4.2pp	24.1%-13.9pp	38.0%+10.3pp	27.7%
Current Ratio	7.31+0.7	6.62-1.4	7.99+0.7	7.26+2.3	4.95-3.0	7.95
Debt-to-Equity	0.170.0	0.16+0.0	0.13-0.0	0.15-0.1	0.25+0.1	0.15
FCF Margin	18.1%-6.8pp	24.9%-2.5pp	27.4%+8.1pp	19.3%-18.0pp	37.3%+5.0pp	32.3%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	42.1%-10.7pp	52.8%-2.0pp	54.7%+3.0pp	51.7%-2.2pp	54.0%0.0pp	53.9%+1.8pp	52.2%-1.5pp	53.7%
Operating Margin	9.5%-15.0pp	24.5%-0.1pp	24.6%+2.2pp	22.5%-8.6pp	31.0%-1.9pp	32.9%+1.3pp	31.5%+1.2pp	30.3%
Net Margin	11.9%-10.2pp	22.1%-0.5pp	22.6%+2.3pp	20.3%-7.9pp	28.3%+0.1pp	28.2%-0.2pp	28.4%+0.1pp	28.3%
Return on Equity	2.5%-2.9pp	5.5%+0.3pp	5.2%+0.9pp	4.2%-3.4pp	7.6%-0.3pp	7.9%-0.4pp	8.3%+1.8pp	6.5%
Return on Assets	2.2%-2.5pp	4.7%+0.3pp	4.4%+0.7pp	3.6%-2.9pp	6.5%-0.4pp	6.9%-0.2pp	7.1%+1.4pp	5.7%
Current Ratio	7.04+0.3	6.73+0.7	6.07-0.6	6.62-0.0	6.66-1.0	7.67+1.0	6.67-1.3	7.99
Debt-to-Equity	0.15-0.0	0.170.0	0.18+0.0	0.160.0	0.16+0.0	0.14-0.0	0.17+0.0	0.13
FCF Margin	44.0%+33.9pp	10.1%-2.8pp	12.8%+14.7pp	-1.8%-41.0pp	39.1%+2.0pp	37.1%+18.0pp	19.1%-20.6pp	39.7%

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Frequently Asked Questions

What is United Guardian's annual revenue?

United Guardian (UG) reported $10.5M in total revenue for fiscal year 2025. This represents a -13.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is United Guardian's revenue growing?

United Guardian (UG) revenue declined by 13.4% year-over-year, from $12.2M to $10.5M in fiscal year 2025.

Is United Guardian profitable?

Yes, United Guardian (UG) reported a net income of $2.1M in fiscal year 2025, with a net profit margin of 20.0%.

What is United Guardian's EBITDA?

United Guardian (UG) had EBITDA of $2.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is United Guardian's gross margin?

United Guardian (UG) had a gross margin of 48.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is United Guardian's operating margin?

United Guardian (UG) had an operating margin of 21.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is United Guardian's net profit margin?

United Guardian (UG) had a net profit margin of 20.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does United Guardian pay dividends?

Yes, United Guardian (UG) paid $0.60 per share in dividends during fiscal year 2025.

What is United Guardian's return on equity (ROE)?

United Guardian (UG) has a return on equity of 18.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is United Guardian's free cash flow?

United Guardian (UG) generated $1.9M in free cash flow during fiscal year 2025. This represents a -37.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is United Guardian's operating cash flow?

United Guardian (UG) generated $2.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are United Guardian's total assets?

United Guardian (UG) had $13.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are United Guardian's capital expenditures?

United Guardian (UG) invested $59K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does United Guardian spend on research and development?

United Guardian (UG) invested $464K in research and development during fiscal year 2025.

How many shares does United Guardian have outstanding?

United Guardian (UG) had 5M shares outstanding as of fiscal year 2025.

What is United Guardian's current ratio?

United Guardian (UG) had a current ratio of 7.31 as of fiscal year 2025, which is generally considered healthy.

What is United Guardian's debt-to-equity ratio?

United Guardian (UG) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is United Guardian's return on assets (ROA)?

United Guardian (UG) had a return on assets of 16.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is United Guardian's Altman Z-Score?

United Guardian (UG) has an Altman Z-Score of 13.05, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is United Guardian's Piotroski F-Score?

United Guardian (UG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are United Guardian's earnings high quality?

United Guardian (UG) has an earnings quality ratio of 0.93x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is United Guardian?

United Guardian (UG) scores 67 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.