Utz Brands, Inc. UTZ

Consumer staples SIC 2090 - Miscellaneous Food Preparations & Kindred Products NYSE

We were founded in 1921 in Hanover, Pennsylvania and benefit from over 100 years of brand awareness and heritage in the salty snack industry. We are a leading United States manufacturer of branded salty snacks, producing a broad offering of salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, pub/party mixes and other snacks. Our iconic portfolio of authentic, craft and "better-for-you" ("BFY") brands includes Utz®, On The Border®, Zapp's®, Boulder Canyon®, Golden Flake®, Hawaiian® Brand and Miguelito's®, among others, and enjoys strong household penetration in the United States, where our products can be found in approximately 50% of U.S. households as of December 28, 2025. As of December 28, 2025, we operate eight primary manufacturing facilities across the United States with a broad range of capabilities. Our products are distributed nationally to grocery, mass merchant, club, convenience, drug and other retailers through direct shipments, distributors and approximately 2,500 direct-store delivery ("DSD") routes. We have historically expanded our geographic reach and product portfolio organically and through acquisitions. Based on 2025 retail sales, we are the second-largest producer of branded salty snacks in our collective core geographies of Alabama, Connecticut, Delaware, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, Washington, and West Virginia (our "Core Geographies," and all other states in the United States, our "Expansion Geographies"), where we have acquired strong regional brands and distribution capabilities in recent years.

Last close 14.21 2026-09-04
Market cap $1.26B estimated share count
52-week range 6.78 - 14.27

Valuation FY2025 figures against the last close

P/S0.9x
P/E1,421.0x
P/FCF133.8x
EV/EBITDA19.5x
Dividend yield1.8%
Diluted EPS0.01

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $1.44B$1.41B$1.44B$1.41B$1.18B$768.2M$772.0M
Cost of revenue $1.08B$1.04B$1.09B$959.3M$796.8M$514.4M$505.3M
Gross profit $358.3M$369.1M$350.8M$449.1M$383.9M$253.8M$266.7M
SG&A $348.0M$310.1M$327.4M$444.4M$375.2M$228.3M$251.4M
Operating income $19.5M$58.9M$16.0M$5.3M$10.6M$38.7M$19.4M
Interest expense $43.1M$44.9M$60.6M$44.4M$34.7M$48.4M$45.7M
Pre-tax income -$600.0K$69.4M-$39.2M-$38.0M$16.1M-$10.2M-$25.7M
Income tax $7.1M$38.7M$800.0K$23.9M$8.1M$3.1M$1.9M
Net income $800.0K$15.9M-$24.9M-$392.0K$20.6M-$16.2M-$30.5M
EPS, basic 0.010.19-0.310.000.26
EPS, diluted 0.010.19-0.310.000.25
Shares, diluted (wtd. avg.) $87.8M$85.4M$81.1M$80.1M$81.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $120.4M$56.1M$52.0M$72.9M$41.9M$46.8M$15.1M$6.9M$9.7M
Receivables $100.8M$119.9M$135.1M$137.0M$131.4M$118.3M$106.8M
Inventory $119.3M$101.4M$104.7M$118.0M$79.5M$59.8M$50.9M
Total current assets $384.4M$317.3M$328.1M$372.2M$277.9M$244.2M$184.1M$1.3M
Property, plant and equipment $303.8M$270.4M$171.7M
Goodwill $865.2M$865.2M$915.3M$915.3M$915.4M$207.5M$202.4M$130.9M
Other intangibles $963.9M$996.5M$1.06B$1.10B$1.14B$1.17B$184.0M
Total assets $2.79B$2.72B$2.75B$2.84B$2.72B$2.58B$778.5M$443.3M
Accounts payable $197.4M$151.0M$124.4M$114.4M$95.4M$57.3M$49.0M$115.1K
Short-term debt $31.4M$16.1M$21.1M$18.5M$11.4M$469.0K
Total current liabilities $323.2M$285.3M$230.7M$237.4M$188.0M$200.1M$107.5M$149.4K
Long-term debt $818.2M$752.5M$878.5M$893.3M$830.5M$778.0M
Total liabilities $1.45B$1.34B$1.36B$1.39B$1.28B$1.20B$811.9M$15.6M
Retained earnings -$326.6M-$304.7M-$298.0M-$254.6M-$236.6M-$241.5M$5.0M$1.9M
Total equity $713.7M$696.9M$1.38B$1.45B$1.43B$1.38B$5.0M$5.0M$0

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $112.2M$106.2M$76.6M$48.2M$48.4M$28.0M$15.7M
Depreciation and amortisation $82.4M$70.9M$79.5M$86.8M$80.7M$29.3M$30.4M
Stock-based compensation $17.1M$18.3M$17.1M$10.6M$13.0M
Capital expenditure $102.8M$98.6M$55.7M$88.0M$38.4M$20.0M$13.0M
Investing cash flow -$86.9M$75.0M-$48.5M-$76.1M-$136.1M-$115.9M-$2.2M
Financing cash flow $39.0M-$177.1M-$49.0M$58.9M$82.8M$96.0M-$16.4M
Dividends paid $22.3M$21.7M$18.5M$17.2M$11.9M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-007757.

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