Unit Corporation Financials
Financial Health Signals
Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
Unit Corporation's revenue declined 14.6% year-over-year, from $638.7M to $545.5M. This contraction results in a growth score of 0/100.
Unit Corporation carries a low D/E ratio of 0.00, meaning only $0.00 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.
With a current ratio of 4.04, Unit Corporation holds $4.04 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Unit Corporation converts 23.6% of revenue into free cash flow ($129.0M). This strong cash generation earns a score of 100/100.
Unit Corporation earns a strong 40.9% return on equity (ROE), meaning it generates $41 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 32.3% the prior year.
Unit Corporation passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Unit Corporation generates $1.07 in operating cash flow ($159.4M OCF vs $148.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Unit Corporation (UNTC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
Key Financial Metrics
Unit Corporation generated $545.5M in revenue in fiscal year 2022. This represents a decrease of 14.6% from the prior year.
Unit Corporation generated $129.0M in free cash flow in fiscal year 2022, representing cash available after capex. This represents a decrease of 11.4% from the prior year.
Unit Corporation reported $148.4M in net income in fiscal year 2022. This represents an increase of 144.9% from the prior year.
Unit Corporation earned $14.78 per diluted share (EPS) in fiscal year 2022. This represents an increase of 181.0% from the prior year.
Unit Corporation held $214.0M in cash against $0 in long-term debt as of fiscal year 2022.
Unit Corporation had 10M shares outstanding in fiscal year 2022. This represents a decrease of 19.8% from the prior year.
Unit Corporation's net profit margin was 27.2% in fiscal year 2022, showing the share of revenue converted to profit. This is up 17.7 percentage points from the prior year.
Unit Corporation's ROE was 40.9% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is up 8.6 percentage points from the prior year.
Unit Corporation spent $27.4M on share buybacks in fiscal year 2022, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 47.2% from the prior year.
Unit Corporation invested $30.4M in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents an increase of 0.3% from the prior year.
UNTC Income Statement
| Metric | Q1'23 | Q1'22 | Q3'22 | Q2'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $93.9M-8.2% | $102.3M-14.9% | $120.3M-10.6% | $134.6M-39.0% | $220.5M+35.1% | $163.2M+21.8% | $134.1M+10.9% | $120.9M |
| 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 | $5.1M-0.1% | $5.1M-9.0% | $5.6M-24.5% | $7.4M-4.2% | $7.7M+51.2% | $5.1M-10.9% | $5.8M-8.6% | $6.3M |
| Operating Income | N/A | $60.6M | N/A | N/A | N/A | $47.7M+22.1% | $39.0M+50.1% | $26.0M |
| Interest Expense | $39K-87.3% | $307K+929.7% | -$37K+61.9% | -$97K-101.2% | $8.2M+1262.5% | -$702K-44.1% | -$487K+82.0% | -$2.7M |
| Income Tax | -$74.6M-22516.2% | $333K | $0 | $0-100.0% | $173K | $0 | $0 | $0 |
| Net Income | $134.7M+126.8% | $59.4M+6.4% | $55.8M-30.3% | $80.1M+15.7% | $69.2M+999.9% | $6.3M+148.4% | -$13.0M-570.8% | -$1.9M |
| EPS (Diluted) | $13.75+128.4% | $6.02+7.5% | $5.60-28.4% | $7.82+31.2% | $5.96+983.6% | $0.55+150.5% | $-1.09-581.3% | $-0.16 |
UNTC Balance Sheet
| Metric | Q1'23 | Q1'22 | Q3'22 | Q2'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $490.8M+4.6% | $469.3M+7.0% | $438.7M+3.9% | $422.4M-32.9% | $629.5M+2.1% | $616.8M+1.3% | $609.2M-5.2% | $642.9M |
| Current Assets | $222.9M-19.1% | $275.5M+10.1% | $250.1M+33.5% | $187.4M+19.4% | $156.9M+22.5% | $128.1M+66.1% | $77.1M-17.6% | $93.5M |
| Cash & Equivalents | $170.9M-20.1% | $214.0M+19.5% | $179.1M+54.9% | $115.6M+80.3% | $64.1M+29.4% | $49.6M+609.2% | $7.0M-72.3% | $25.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $49.1M-14.9% | $57.8M-13.1% | $66.5M-4.1% | $69.3M-20.6% | $87.2M+20.5% | $72.4M+13.3% | $63.9M+6.7% | $59.9M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $90.2M-15.5% | $106.6M-21.2% | $135.4M-16.4% | $162.0M-63.3% | $442.1M-5.4% | $467.3M+3.0% | $453.6M-2.6% | $465.5M |
| Current Liabilities | $49.5M-27.4% | $68.2M-23.9% | $89.7M-16.6% | $107.6M-28.8% | $151.1M-4.6% | $158.5M+37.4% | $115.3M+31.9% | $87.4M |
| Long-Term Debt | N/A | $0 | $0 | $0-100.0% | $19.2M+519.4% | $3.1M-91.1% | $35.0M-55.2% | $78.2M |
| Total Equity | $400.7M+10.5% | $362.6M+19.5% | $303.3M+16.5% | $260.4M+38.9% | $187.4M+25.3% | $149.5M-3.9% | $155.6M-12.3% | $177.4M |
| Retained Earnings | $226.0M+19.3% | $189.4M+45.6% | $130.1M+75.1% | $74.3M+80.9% | $41.1M+245.6% | -$28.2M+14.7% | -$33.1M-64.7% | -$20.1M |
UNTC Cash Flow Statement
| Metric | Q1'23 | Q1'22 | Q3'22 | Q2'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $57.4M+50.6% | $38.1M+14.8% | $33.2M-21.6% | $42.3M-17.9% | $51.5M+2.1% | $50.5M+15.6% | $43.7M+44.1% | $30.3M |
| Capital Expenditures | $8.9M+34.1% | $6.6M-9.0% | $7.3M-5.3% | $7.7M-16.3% | $9.2M-31.7% | $13.4M+138.4% | $5.6M+177.2% | $2.0M |
| Free Cash Flow | $48.5M+54.1% | $31.5M+21.6% | $25.9M-25.2% | $34.6M-18.3% | $42.4M+14.4% | $37.0M-2.6% | $38.0M+34.5% | $28.3M |
| Investing Cash Flow | -$4.1M-85.9% | -$2.2M-104.9% | $45.0M+2793.2% | -$1.7M+88.1% | -$14.0M-132.9% | $42.6M+723.4% | $5.2M+113.2% | $2.4M |
| Financing Cash Flow | -$96.4M-9537.4% | -$1.0M+93.2% | -$14.7M-10.9% | -$13.3M+42.1% | -$22.9M+54.6% | -$50.5M+24.7% | -$67.0M-230.9% | -$20.3M |
| Dividends Paid | $96.5M | $0 | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $0-100.0% | $14.2M | N/A | $32.1M+196.1% | $10.8M | N/A | N/A |
UNTC Financial Ratios
| Metric | Q1'23 | Q1'22 | Q3'22 | Q2'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | 32.2% | N/A | N/A | N/A | 29.2%+0.1pp | 29.1%+7.6pp | 21.5% |
| Net Margin | 143.3%+85.3pp | 58.0%+11.6pp | 46.4%-13.1pp | 59.5%+28.1pp | 31.4%+27.5pp | 3.9%+13.6pp | -9.7%-8.1pp | -1.6% |
| Return on Equity | 33.6%+17.2pp | 16.4%-2.0pp | 18.4%-12.4pp | 30.8%-6.2pp | 37.0%+32.7pp | 4.2% | N/A | N/A |
| Return on Assets | 27.4%+14.8pp | 12.7%-0.1pp | 12.7%-6.2pp | 19.0%+8.0pp | 11.0%+10.0pp | 1.0%+3.1pp | -2.1%-1.8pp | -0.3% |
| Current Ratio | 4.50+0.5 | 4.04+1.2 | 2.79+1.0 | 1.74+0.7 | 1.04+0.2 | 0.81+0.1 | 0.67-0.4 | 1.07 |
| Debt-to-Equity | 0.23+0.2 | 0.000.0 | 0.000.0 | 0.00-0.1 | 0.10+0.1 | 0.02-0.2 | 0.23-0.2 | 0.44 |
| FCF Margin | 51.6%+20.9pp | 30.8%+9.2pp | 21.5%-4.2pp | 25.7%+6.5pp | 19.2%-3.5pp | 22.7%-5.7pp | 28.4%+5.0pp | 23.4% |
Similar Companies
Frequently Asked Questions
What is Unit Corporation's annual revenue?
Unit Corporation (UNTC) reported $545.5M in total revenue for fiscal year 2022. This represents a -14.6% 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 Unit Corporation's revenue growing?
Unit Corporation (UNTC) revenue declined by 14.6% year-over-year, from $638.7M to $545.5M in fiscal year 2022.
Is Unit Corporation profitable?
Yes, Unit Corporation (UNTC) reported a net income of $148.4M in fiscal year 2022, with a net profit margin of 27.2%.
What is Unit Corporation's earnings per share (EPS)?
Unit Corporation (UNTC) reported diluted earnings per share of $14.78 for fiscal year 2022. This represents a 181.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Unit Corporation have?
As of fiscal year 2022, Unit Corporation (UNTC) had $214.0M in cash and equivalents against $0 in long-term debt.
What is Unit Corporation's net profit margin?
Unit Corporation (UNTC) had a net profit margin of 27.2% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Unit Corporation's return on equity (ROE)?
Unit Corporation (UNTC) has a return on equity of 40.9% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
What is Unit Corporation's free cash flow?
Unit Corporation (UNTC) generated $129.0M in free cash flow during fiscal year 2022. This represents a -11.4% 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 Unit Corporation's operating cash flow?
Unit Corporation (UNTC) generated $159.4M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Unit Corporation's total assets?
Unit Corporation (UNTC) had $469.3M in total assets as of fiscal year 2022, including both current and long-term assets.
What are Unit Corporation's capital expenditures?
Unit Corporation (UNTC) invested $30.4M in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
Does Unit Corporation buy back shares?
Yes, Unit Corporation (UNTC) spent $27.4M on share buybacks during fiscal year 2022, returning capital to shareholders by reducing shares outstanding.
How many shares does Unit Corporation have outstanding?
Unit Corporation (UNTC) had 10M shares outstanding as of fiscal year 2022.
What is Unit Corporation's current ratio?
Unit Corporation (UNTC) had a current ratio of 4.04 as of fiscal year 2022, which is generally considered healthy.
What is Unit Corporation's debt-to-equity ratio?
Unit Corporation (UNTC) had a debt-to-equity ratio of 0.00 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Unit Corporation's return on assets (ROA)?
Unit Corporation (UNTC) had a return on assets of 31.6% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Unit Corporation's Piotroski F-Score?
Unit Corporation (UNTC) has a Piotroski F-Score of 8 out of 9, indicating strong 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 Unit Corporation's earnings high quality?
Unit Corporation (UNTC) has an earnings quality ratio of 1.07x, 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 Unit Corporation?
Unit Corporation (UNTC) scores 80 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.