UINYSERadio & Tv Broadcasting & Communications EquipmentFiscal year ends June 30
Ubiquiti Inc.
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 21, 2026
$591.48−9.38 (-1.56%)
Close on Oct 19, 2026
- Market cap
- $35.83B
- P/E (TTM)
- 37.3
- Dividend yield
- 0.54%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
46.2%−1.9 pts over 5 years
Operating margin
36.2%−2.9 pts over 5 years
Net margin
29.3%−3.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +27.2% | +19.0% | +11.5% | +17.3% | |
| Gross profit | +35.3% | +25.7% | +10.6% | +16.6% | |
| Operating income | +41.8% | +29.6% | +9.8% | +17.2% | |
| Net income | +34.9% | +33.1% | +9.3% | +16.2% | |
| EPS, diluted | +34.8% | +33.0% | +10.1% | +20.3% | |
| Free cash flow | +44.9% | – | +8.9% | +16.9% | |
| Dividend per share | +33.3% | +10.1% | +14.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 49.4% | -421.2% | 91.1% | |
| Return on assets | 29.9% | 75.7% | 52.4% | |
| Current ratio | 9.67 | 2.51 | 2.93 | |
| Debt to equity | 0.43 | 181.88 | – | |
| Net debt to EBITDA | -1.17× | 0.32× | – | |
| Inventory turnover | 4.7× | 3.8× | 2.4× | |
| Capex to revenue | 0.8% | 1.0% | 0.6% | |
| Diluted shares | 83M | 63M | 61M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Ubiquiti generated $2.63B from operations and spent $1.47B on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$2.63B
Used
$1.47B
Capital expenditure$78.70M5%Dividends$776.98M53%Share buybacks$618.13M42%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin29.3%
×Asset turnover1.79×
×Equity multiplier1.74×
=Return on equity, FY202691.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 29.3% | 1.79× | 1.74× | 91.1% |
| FY2025 | 27.7% | 1.96× | 3.43× | 186.5% |
| FY2024 | 18.1% | 1.51× | -123.87× | -3385.7% |
| FY2023 | 21.0% | 1.72× | -4.51× | -163.5% |
| FY2022 | 22.4% | 1.95× | -4.57× | -199.2% |
| FY2021 | 32.5% | 2.33× | -5.56× | -421.2% |
| FY2020 | 29.6% | 1.59× | -8.22× | -387.7% |
| FY2019 | 27.8% | 1.22× | 4.57× | 155.5% |
| FY2018 | 19.3% | 1.02× | 2.17× | 42.8% |
| FY2017 | 29.8% | 1.01× | 1.65× | 49.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$960.30M
- Cash generatingOperating cash flow above zero$928.68M
- Return on assets improvedROA up on the prior year61.7% → 65.5%
- Earnings backed by cashOperating cash flow above net income$928.68M vs $960.30M
- Less leverageLong-term debt to assets fell0.0% → –
- Better liquidityCurrent ratio rose1.65 → 2.93
- No dilutionShare count did not rise61M → 61M
- Gross margin improvedGross margin up on the prior year43.42% → 46.16%
- More efficientAsset turnover rose2.23 → 2.23