UNF (UniFirst) Operating Income: $144 Mil (TTM As of May. 2026)


UNF UniFirst Corp UNF
83 GF Score
Price $271.03
GF Value $195.38
Valuation Significantly Overvalued
! 9 Warning Signs
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What is UniFirst Operating Income?

UniFirst UNF -0.46% 83 Operating Income is $144 Mil as of May. 2026. GuruFocus rates UNF with a GF Score™ of 83/100 and a GF Value™ of $195.38 (Significantly Overvalued). The stock has 9 warning signs investors should review.

UniFirst's Operating Income for the three months ended in May. 2026 was $23 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2026 was $144 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. UniFirst's Operating Income for the three months ended in May. 2026 was $23 Mil. UniFirst's Revenue for the three months ended in May. 2026 was $634 Mil. Therefore, UniFirst's Operating Margin % for the quarter that ended in May. 2026 was 3.63%.

Warning Sign:

UniFirst Corp operating margin has been in a 5-year decline. The average rate of decline per year is -6.4%.

UniFirst's 5-Year average Growth Rate for Operating Margin % was -6.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. UniFirst's annualized ROC % for the quarter that ended in May. 2026 was 3.16%. UniFirst's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 6.56%.


UniFirst  (NYSE:UNF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

UniFirst's annualized ROC % for the quarter that ended in May. 2026 is calculated as:

ROC % (Q: May. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2026 ) + Invested Capital (Q: May. 2026 ))/ count )
=92.12 * ( 1 - 18.52% )/( (2372.756 + 2376.946)/ 2 )
=75.059376/2374.851
=3.16 %

where

Invested Capital(Q: Feb. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2800.398 - 270.184 - ( 157.458 - max(0, 290.409 - 903.086+157.458))
=2372.756

Invested Capital(Q: May. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2820.694 - 274.872 - ( 168.876 - max(0, 295.694 - 919.94+168.876))
=2376.946

Note: The Operating Income data used here is four times the quarterly (May. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

UniFirst's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2026  Q: May. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=92.12/( ( (925.858 + max(475.444, 0)) + (929.522 + max(476.192, 0)) )/ 2 )
=92.12/( ( 1401.302 + 1405.714 )/ 2 )
=92.12/1403.508
=6.56 %

where Working Capital is:

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(291.58 + 383.728 + 70.32) - (270.184 + 0 + -5.6843418860808E-14)
=475.444

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(295.58 + 385.839 + 69.645) - (274.872 + 0 + 0)
=476.192

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

UniFirst's Operating Margin % for the quarter that ended in May. 2026 is calculated as:

Operating Margin %=Operating Income (Q: May. 2026 )/Revenue (Q: May. 2026 )
=23.03/634.402
=3.63 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


UniFirst Operating Income Related Terms


UniFirst Operating Income Historical Data

* Premium members only.

The historical data trend for UniFirst's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

UniFirst Operating Income Chart

UniFirst Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 195.83 134.35 133.60 183.58 184.50

UniFirst Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.18 49.58 45.31 26.01 23.03
UNF
83GF Score
UniFirst Corp UNF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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UniFirst Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $144 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $144 Mil mean?
UniFirst (UNF) has a Operating Income of $144 Mil as of May. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on UniFirst and its competitors.
Is UniFirst's Operating Income too high?
UniFirst's current Operating Income is $144 Mil. Overall, UniFirst has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does UniFirst's Operating Income compare to AZZ and AMTM?
UniFirst's Operating Income of $144 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Business Services company?
A good Operating Income depends on the Business Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on UniFirst and its competitors. UniFirst's current Operating Income is $144 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UniFirst stock overvalued right now?
Based on GuruFocus' analysis, UniFirst (UNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $195.38, compared to a current price of $271.03 — trading 38.7% above its estimated fair value. The current Operating Income is $144 Mil. UniFirst's overall GF Score™ is 83/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For UniFirst (UNF), the current Operating Income is $144 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is UniFirst (UNF) Overvalued in 2026?

Based on GuruFocus' analysis, UniFirst stock appears to be overvalued. The current stock price of $271.03 is trading 38.7% above its estimated GF Value™ of $195.38. GuruFocus considers UniFirst to be Significantly Overvalued.

Key valuation signals for UNF:

  • Operating Income: $144 Mil
  • GF Value™: $195.38 vs. price of $271.03 (38.7% above fair value)
  • GF Score™: 83/100 with 9 warning signs

No single metric tells the full story. See the UNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


UniFirst Business Description

Other Exchanges U1N:Germany
Address 68 Jonspin Road, Wilmington, MA, USA, 01887
UniFirst Corp provides uniform and workwear programs, facility management, and safety supplies and services across North America. It designs, manufactures, rents, cleans, and sells uniforms and protective clothing, including flame-resistant and high-visibility garments. It also offers industrial wiping products, floor mats, cleaning supplies, first aid cabinets, and fire protection services such as inspection and maintenance. Serving various industries, the company provides customized uniforms and specialized cleaning for nuclear and cleanroom facilities. It operates through three segments: Uniform & Facility Service Solutions, First Aid & Safety Solutions, and Other, with the majority of revenue from Uniform & Facility Service Solutions.
83GF Score

Get the complete analysis for UNF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$271.03
Price
$195.38
GF Value