Unifirst Corp. (UNF) intrinsic value & 10-year financials
Unifirst Corp. (UNF) has a Graham intrinsic value of $98.45 per share. At $263.00 on Oct 17, 2026, the stock trades 167% above that value. Over the last 10 fiscal years revenue grew 5.8% a year to $2.4B, with an average return on invested capital of 8.1%.
- Graham intrinsic value
- $98.45
- Share price (Oct 17, 2026)
- $263.00
- Price vs Graham value
- 167% above
- Market cap
- $4.9B
- Revenue (FY2025)
- $2.4B
- Revenue growth (10-yr CAGR)
- 5.8%
- ROIC (10-yr avg)
- 8.1%
- Free cash flow (FY2025)
- $142.5M
UNF 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.4B | $148.3M | $7.98 | $142.5M | 7.6% | 7.0% |
| FY2024 | $2.4B | $145.5M | $7.77 | $134.9M | 7.6% | 7.1% |
| FY2023 | $2.2B | $103.7M | $5.53 | $43.8M | 6.0% | 5.6% |
| FY2022 | $2.0B | $103.4M | $5.46 | -$21.7M | 6.7% | 7.0% |
| FY2021 | $1.8B | $151.1M | $7.94 | $78.7M | 10.7% | 10.8% |
| FY2020 | $1.8B | $135.8M | $7.13 | $170.0M | 9.6% | 7.8% |
| FY2019 | $1.8B | $179.1M | $9.33 | $162.3M | 12.8% | 11.2% |
| FY2018 | $1.7B | $163.9M | $8.21 | $117.3M | 10.8% | 10.9% |
| FY2017 | $1.6B | $70.2M | $3.44 | $109.7M | 6.9% | 4.8% |
| FY2016 | $1.5B | $125.0M | $6.17 | $109.4M | 13.7% | 9.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
UNIFIRST CORP has demonstrated mature, steady growth, with revenue compounding at 5.8% annually over the past decade.
UNIFIRST CORP returns on capital have been average, hovering around 8.1% ROIC over the decade.
UNIFIRST CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, UNIFIRST CORP is modeled at 2.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $98.45 per share.