Unisys Corp (UIS) stock analysis
Close on Nov 12, 2026Market cap $209.27MP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak5 of 30 checks passed
Unisys passes 5 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 1/6
- Growth
- 2/6
- Past performance
- 1/6
- Financial health
- 1/6
- Dividend
- 0/6
What stands out
Return on capital over 10%
Return on invested capital was 90.3%, above the 10% that usually covers the cost of capital.
Guidance raised
Unisys raised its full-year 2026 ClearPath revenue outlook on Jul 29, 2026.
P/S below the industry
Unisys's price-to-sales of 0.11 is below the Computer Programming, Data Processing, and Other Computer Related Services median of 2.77 (book value is negative, so we use sales).
Gross margin improving
Gross margin was 28.1% over the last twelve months, against 27.6% a year earlier.
What to watch
Revenue growing under 10% a year
Revenue grew -0.5% a year over the last three fiscal years, short of the 10% we look for.
Interest not well covered
Operating income covers interest expense 1.1 times; we look for at least 5.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 5.3% of total debt; we look for at least 20%.
Elevated bankruptcy risk
The Altman Z-score is -0.87; above 3 is the safe zone and below 1.8 the distress zone.
Valuation1/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA above its 5-year median
Unisys's EV/EBITDA of 6.7 is above its 5-year median of 5.7.
P/S below the industry
Unisys's price-to-sales of 0.11 is below the Computer Programming, Data Processing, and Other Computer Related Services median of 2.77 (book value is negative, so we use sales).
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth2/6
Revenue growing under 10% a year
Revenue grew -0.5% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing slower than the industry
Revenue grew 1.9% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Guidance raised
Unisys raised its full-year 2026 ClearPath revenue outlook on Jul 29, 2026.
Gross margin improving
Gross margin was 28.1% over the last twelve months, against 27.6% a year earlier.
Past performance1/6
Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 90.3%, above the 10% that usually covers the cost of capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin below its 5-year average
Net margin was -16.0% over the last twelve months, against a 5-year average of -15.1%.
Net margin below the industry
Unisys's net margin of -16.0% is below the Computer Programming, Data Processing, and Other Computer Related Services median of -4.8%.
Financial health1/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 5.3% of total debt; we look for at least 20%.
Interest not well covered
Operating income covers interest expense 1.1 times; we look for at least 5.
Short-term assets cover short-term debts
Current assets are 1.31 times current liabilities.
Elevated bankruptcy risk
The Altman Z-score is -0.87; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Unisys has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Unisys. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Computer Programming, Data Processing, and Other Computer Related Services median 27.6
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $2.56M
- Value traded per 1% price move
- $758.87K
Downside
High risk
- Typical loss in a bad month
- 30.2%
- Volatility (annualized)
- 63%
- Sharpe ratio, 1 year
- 0.02
- Beta to the S&P 500 (5Y)
- 1.39
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -2.9% | -0.5% | -0.8% | -4.3% | |
| Gross profit | -6.2% | +1.2% | +2.6% | +0.2% | |
| Operating income | -19.4% | +14.6% | -2.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 3.2% | -92.6% | 120.1% | |
| Return on assets | -2.3% | 28.8% | -18.3% | |
| Current ratio | 1.05 | 1.61 | 1.53 | |
| Debt to equity | -0.18 | -1.77 | -2.62 | |
| Net debt to EBITDA | -0.60× | -2.37× | 3.21× | |
| Interest coverage | 4.7× | 3.0× | 1.5× | |
| Inventory turnover | – | 103.6× | 92.8× | |
| Capex to revenue | 1.2% | 1.4% | 1.5% | |
| Diluted shares | 50M | 63M | 71M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Unisys generated $494.50M from operations and spent $153.30M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -17.4% | 1.05× | -6.57× | 120.1% |
| FY2024 | -9.6% | 1.05× | -8.82× | 88.9% |
| FY2023 | -21.4% | 1.00× | -24.21× | 517.4% |
| FY2022 | -5.4% | 0.88× | -34.93× | 165.1% |
| FY2021 | -21.8% | 0.80× | -10.90× | 190.6% |
| FY2020 | 37.0% | 0.78× | -3.21× | -92.6% |
| FY2019 | -0.8% | 0.90× | -1.90× | 1.3% |
| FY2018 | 3.4% | 0.90× | -1.85× | -5.6% |
| FY2017 | -2.4% | 1.20× | -1.53× | 4.4% |
| FY2016 | -1.7% | 1.36× | -1.37× | 3.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero-$339.80M
- Cash generatingOperating cash flow above zero-$140.00M
- Return on assets improvedROA up on the prior year-9.8% → -18.1%
- Earnings backed by cashOperating cash flow above net income-$140.00M vs -$339.80M
- Less leverageLong-term debt to assets fell26.1% → 39.5%
- Better liquidityCurrent ratio rose1.56 → 1.53
- No dilutionShare count did not rise69M → 71M
- Gross margin improvedGross margin up on the prior year29.17% → 28.17%
- More efficientAsset turnover rose1.02 → 1.04
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