United Microelec Financials

UMC

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows United Microelec (UMC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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 49/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

United Microelec's revenue declined 2.5% year-over-year, from $7.3B to $7.1B. This contraction results in a growth score of 29/100.

Leverage

100

United Microelec carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

United Microelec's current ratio of 2.45 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While United Microelec generated $2.9B in operating cash flow, capex of $2.7B consumed most of it, leaving $162.5M in free cash flow. This results in a low score of 31/100, reflecting heavy capital investment rather than weak cash generation.

Returns

United Microelec's ROE of 13.3% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 17.5% the prior year.

Piotroski F-Score Neutral

5/9

United Microelec passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.93x

For every $1 of reported earnings, United Microelec generates $1.93 in operating cash flow ($2.9B OCF vs $1.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.1B

YoY-2.5%

5Y CAGR+7.4%

United Microelec generated $7.1B in revenue in fiscal year 2024. This represents a decrease of 2.5% from the prior year.

EBITDA

N/A

Net Income

$1.5B

YoY-24.4%

5Y CAGR+57.5%

United Microelec reported $1.5B in net income in fiscal year 2024. This represents a decrease of 24.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$162.5M

YoY+190.9%

5Y CAGR-33.9%

United Microelec generated $162.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 190.9% from the prior year.

Cash & Debt

$3.2B

YoY-20.8%

5Y CAGR-1.2%

United Microelec held $3.2B in cash against $176.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

12.56B

YoY+0.2%

5Y CAGR+1.4%

United Microelec had 12.56B shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

20.9%

YoY-6.1pp

5Y CAGR+17.9pp

United Microelec's net profit margin was 20.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 6.1 percentage points from the prior year.

Return on Equity

13.3%

YoY-4.2pp

5Y CAGR+11.1pp

United Microelec's ROE was 13.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.7B

YoY-9.6%

5Y CAGR+37.4%

United Microelec invested $2.7B in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 9.6% from the prior year.

UMC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$7.1B-2.5%	$7.3B-19.9%	$9.1B+18.1%	$7.7B+21.9%	$6.3B+27.1%	$5.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$255.3M-6.0%	$271.4M-56.8%	$628.9M+120.3%	$285.4M+374.0%	$60.2M+682.0%	$7.7M
Net Income	$1.5B-24.4%	$2.0B-33.2%	$2.9B+61.2%	$1.8B+145.5%	$742.6M+385.3%	$153.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UMC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$17.1B-4.3%	$17.9B+4.6%	$17.1B+5.0%	$16.3B+24.6%	$13.1B+6.6%	$12.2B
Current Assets	$5.8B-18.3%	$7.1B-13.8%	$8.2B-2.3%	$8.4B+43.7%	$5.9B+13.8%	$5.1B
Cash & Equivalents	$3.2B-20.8%	$4.0B-28.8%	$5.7B+31.5%	$4.3B+27.3%	$3.4B-0.3%	$3.4B
Inventory	$1.1B-6.4%	$1.2B+15.4%	$1.0B+21.9%	$829.5M+3.3%	$803.2M+10.6%	$726.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$126.7M-11.3%	$142.8M+2.6%	$139.1M+5.9%	$131.4M-24.4%	$173.7M0.0%	$173.8M
Total Liabilities	$5.9B-10.5%	$6.6B+0.9%	$6.6B-2.3%	$6.7B+31.8%	$5.1B-6.5%	$5.5B
Current Liabilities	$2.4B-29.1%	$3.3B-9.2%	$3.7B-6.1%	$3.9B+37.9%	$2.8B+16.0%	$2.4B
Long-Term Debt	$176.4M+10.7%	$159.3M-5.8%	$169.2M+4.1%	$162.6M-9.2%	$179.0M-2.0%	$182.6M
Total Equity	$11.2B-0.6%	$11.2B+6.9%	$10.5B+10.2%	$9.5B+19.9%	$7.9B+17.1%	$6.8B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$17.1B-4.3%	$17.9B+4.6%	$17.1B+5.0%	$16.3B+24.6%	$13.1B+6.6%	$12.2B+3.4%	$11.8B-10.2%	$13.2B
Current Assets	$5.8B-18.3%	$7.1B-13.8%	$8.2B-2.3%	$8.4B+43.7%	$5.9B+13.8%	$5.1B+11.5%	$4.6B-1.8%	$4.7B
Cash & Equivalents	$3.2B-20.8%	$4.0B-28.8%	$5.7B+31.5%	$4.3B+27.3%	$3.4B-0.3%	$3.4B+21.6%	$2.8B+4.8%	$2.7B
Inventory	$1.1B-6.4%	$1.2B+15.4%	$1.0B+21.9%	$829.5M+3.3%	$803.2M+10.6%	$726.0M+22.1%	$594.7M-3.5%	$616.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$126.7M-11.3%	$142.8M+2.6%	$139.1M+5.9%	$131.4M-24.4%	$173.7M0.0%	$173.8M+77.8%	$97.7M-23.5%	$127.8M
Total Liabilities	$5.9B-10.5%	$6.6B+0.9%	$6.6B-2.3%	$6.7B+31.8%	$5.1B-6.5%	$5.5B+5.7%	$5.2B-15.6%	$6.1B
Current Liabilities	$2.4B-29.1%	$3.3B-9.2%	$3.7B-6.1%	$3.9B+37.9%	$2.8B+16.0%	$2.4B+49.3%	$1.6B-45.5%	$3.0B
Long-Term Debt	$176.4M+10.7%	$159.3M-5.8%	$169.2M+4.1%	$162.6M-9.2%	$179.0M-2.0%	$182.6M	N/A	N/A
Total Equity	$11.2B-0.6%	$11.2B+6.9%	$10.5B+10.2%	$9.5B+19.9%	$7.9B+17.1%	$6.8B+1.6%	$6.7B-5.6%	$7.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UMC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.9B+1.9%	$2.8B-40.8%	$4.7B+45.7%	$3.3B+39.1%	$2.3B+27.5%	$1.8B
Capital Expenditures	$2.7B-9.6%	$3.0B+14.6%	$2.6B+50.6%	$1.7B+84.6%	$938.2M+69.9%	$552.3M
Free Cash Flow	$162.5M+190.9%	-$178.8M-108.4%	$2.1B+40.2%	$1.5B+8.7%	$1.4B+9.3%	$1.3B
Investing Cash Flow	-$2.6B+17.9%	-$3.2B-80.3%	-$1.8B+21.0%	-$2.2B-56.9%	-$1.4B-34.9%	-$1.1B
Financing Cash Flow	-$1.2B-25.9%	-$949.9M+49.0%	-$1.9B-513.8%	$450.3M+149.4%	-$911.7M-176.4%	-$329.9M
Dividends Paid	N/A	N/A	N/A	$716.3M+106.0%	$347.8M+50.5%	$231.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UMC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.9%-6.1pp	27.0%-5.4pp	32.4%+8.7pp	23.7%+11.9pp	11.8%+8.7pp	3.1%
Return on Equity	13.3%-4.2pp	17.5%-10.5pp	28.0%+8.8pp	19.1%+9.8pp	9.3%+7.1pp	2.3%
Return on Assets	8.7%-2.3pp	11.0%-6.2pp	17.2%+6.0pp	11.2%+5.5pp	5.7%+4.4pp	1.3%
Current Ratio	2.45+0.3	2.13-0.1	2.24+0.1	2.15+0.1	2.07-0.0	2.11
Debt-to-Equity	0.020.0	0.010.0	0.020.0	0.020.0	0.020.0	0.03
FCF Margin	2.3%+4.8pp	-2.5%-26.1pp	23.6%+3.7pp	19.9%-2.4pp	22.3%-3.6pp	25.9%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.45+0.3	2.13-0.1	2.24+0.1	2.15+0.1	2.07-0.0	2.11-0.7	2.82+1.3	1.57
Debt-to-Equity	0.020.0	0.010.0	0.020.0	0.020.0	0.020.0	0.03-0.7	0.77-0.1	0.87
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is United Microelec's annual revenue?

United Microelec (UMC) reported $7.1B in total revenue for fiscal year 2024. This represents a -2.5% 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 Microelec's revenue growing?

United Microelec (UMC) revenue declined by 2.5% year-over-year, from $7.3B to $7.1B in fiscal year 2024.

Is United Microelec profitable?

Yes, United Microelec (UMC) reported a net income of $1.5B in fiscal year 2024, with a net profit margin of 20.9%.

How much debt does United Microelec have?

As of fiscal year 2024, United Microelec (UMC) had $3.2B in cash and equivalents against $176.4M in long-term debt.

What is United Microelec's net profit margin?

United Microelec (UMC) had a net profit margin of 20.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

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

United Microelec (UMC) has a return on equity of 13.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is United Microelec's free cash flow?

United Microelec (UMC) generated $162.5M in free cash flow during fiscal year 2024. This represents a 190.9% 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 Microelec's operating cash flow?

United Microelec (UMC) generated $2.9B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are United Microelec's total assets?

United Microelec (UMC) had $17.1B in total assets as of fiscal year 2024, including both current and long-term assets.

What are United Microelec's capital expenditures?

United Microelec (UMC) invested $2.7B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does United Microelec have outstanding?

United Microelec (UMC) had 12.56B shares outstanding as of fiscal year 2024.

What is United Microelec's current ratio?

United Microelec (UMC) had a current ratio of 2.45 as of fiscal year 2024, which is generally considered healthy.

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

United Microelec (UMC) had a debt-to-equity ratio of 0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

United Microelec (UMC) had a return on assets of 8.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is United Microelec's Piotroski F-Score?

United Microelec (UMC) has a Piotroski F-Score of 5 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 Microelec's earnings high quality?

United Microelec (UMC) has an earnings quality ratio of 1.93x, considered cash-backed (high 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 Microelec?

United Microelec (UMC) scores 49 out of 100 on our Financial Profile, indicating moderate 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.