UniFirst Corporation (UNF) Balance Sheet
UNF balance sheet, FY2025
August 31, 2025 · U.S. dollars$2.78B assets = $609.2M liabilities + $2.17B equity
Both columns are drawn to the same scale: what UNF owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UNF financial health
Descriptive bands, not a rating. Fiscal FY2025.
UNF balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.70BFY2016 | $2.78BFY2025 | +5.6%/yr | |
| Total liabilities | $337.2MFY2016 | $609.2MFY2025 | +6.8%/yr | |
| Shareholders’ equity | $1.36BFY2016 | $2.17BFY2025 | +5.3%/yr | |
| Cash & short-term investments | $363.8MFY2016 | $209.2MFY2025 | −6.0%/yr | |
| Total debt | $0FY2016 | $72.4MFY2025 | — | |
| Net cash (debt) | $363.8MFY2016 | $136.7MFY2025 | −$227.1M | |
| Working capital | $625.0MFY2016 | $614.4MFY2025 | −$10.6M | |
| Book value per share | $67.72FY2016 | $116.73FY2025 | +6.2%/yr | |
| Current ratio | 5.09FY2016 | 3.12FY2025 | −1.98 | |
| Debt / equity | 0.00FY2016 | 0.03FY2025 | +0.03 | |
| Shares outstanding | 20.2MFY2016 | 18.6MFY2025 | −0.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UNF assets
UNF liabilities and equity
UNF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UNF balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $209.2M | $175.1M | $89.6M | $376.4M | $512.9M | $474.8M | $385.3M | $270.5M | $349.8M | $363.8M |
| Cash & equivalents | $203.5M | $161.6M | $79.4M | $376.4M | −$43.2M | −$41.8M | $385.3M | $270.5M | $349.8M | $363.8M |
| Short-term investments | $5.7M | $13.5M | $10.2M | $0 | $556.0M | $516.7M | — | $0 | $0 | $0 |
| Receivables | $285.3M | $278.9M | $279.1M | $249.2M | $208.3M | $190.9M | $203.5M | $200.8M | $187.2M | $156.6M |
| Inventory | $372.9M | $394.9M | $396.7M | $370.9M | $325.1M | $260.5M | $285.2M | $264.6M | $230.4M | $217.0M |
| Other current assets | $37.4M | $66.9M | $74.8M | $67.4M | $57.5M | $43.0M | $39.8M | $48.9M | $46.9M | $40.2M |
| Total current assets | $904.8M | $915.7M | $840.1M | $1.06B | $1.10B | $969.3M | $913.8M | $784.8M | $814.2M | $777.6M |
| Property, plant & equipment (net) | $899.7M | $868.3M | $819.1M | $715.2M | $659.8M | $625.2M | $574.5M | $559.6M | $525.1M | $539.8M |
| Goodwill & intangible assets | $763.6M | $768.8M | $793.5M | $542.2M | $514.2M | $510.4M | $473.9M | $468.3M | $447.9M | $359.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $210.0M | $143.6M | $117.2M | $106.7M | $103.3M | $94.1M | $85.1M | $30.7M | $31.9M | $25.3M |
| Total assets | $2.78B | $2.70B | $2.57B | $2.43B | $2.38B | $2.20B | $2.05B | $1.84B | $1.82B | $1.70B |
| Liabilities | ||||||||||
| Accounts payable | $95.0M | $92.5M | $92.7M | $82.1M | $81.4M | $64.0M | $77.9M | $73.5M | $64.7M | $50.9M |
| Short-term debt | $17.8M | $18.2M | $17.7M | $13.6M | $13.0M | $12.6M | $0 | $0 | $0 | $0 |
| Deferred revenue | — | $447,000 | — | — | — | $522,000 | — | $425,000 | $394,000 | $10.4M |
| Total current liabilities | $290.4M | $281.4M | $267.2M | $243.7M | $254.7M | $210.1M | $189.8M | $198.5M | $177.8M | $152.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $72.4M | $68.8M | $64.8M | $51.7M | $43.2M | $41.8M | — | — | — | — |
| Other long-term liabilities | $318.8M | $306.5M | $298.8M | $268.4M | $253.4M | $247.8M | $216.2M | $180.0M | $188.1M | $184.6M |
| Total liabilities | $609.2M | $587.9M | $566.0M | $512.1M | $508.1M | $457.9M | $406.1M | $378.4M | $365.9M | $337.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.8M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $2.0M | $2.0M |
| Retained earnings (deficit) | $2.08B | $2.03B | $1.93B | $1.85B | $1.81B | $1.68B | $1.59B | $1.41B | $1.39B | $1.32B |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$21.8M | −$23.6M | −$23.8M | −$24.3M | −$24.8M | −$32.0M | −$33.7M | −$25.2M | −$21.5M | −$28.9M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $2.17B | $2.11B | $2.00B | $1.92B | $1.87B | $1.74B | $1.64B | $1.46B | $1.45B | $1.36B |
| Key figures | ||||||||||
| Total debt | $72.4M | $68.8M | $64.8M | $51.7M | $43.2M | $41.8M | $0 | $0 | $0 | $0 |
| Net cash (debt) | $136.7M | $106.3M | $24.8M | $324.7M | $469.7M | $433.0M | $385.3M | $270.5M | $349.8M | $363.8M |
| Working capital | $614.4M | $634.2M | $572.9M | $820.1M | $849.1M | $759.2M | $723.9M | $586.3M | $636.4M | $625.0M |
| Tangible book value | $1.41B | $1.34B | $1.21B | $1.37B | $1.36B | $1.23B | $1.17B | $996.6M | $1.01B | $1.01B |
| Book value per share | $116.73 | $112.61 | $106.81 | $101.19 | $98.38 | $91.44 | $85.50 | $73.38 | $71.67 | $67.72 |
| Shares outstanding | 18.6M | 18.7M | 18.8M | 18.9M | 19.0M | 19.0M | 19.2M | 20.0M | 20.3M | 20.2M |
| Current ratio | 3.12 | 3.25 | 3.14 | 4.36 | 4.33 | 4.61 | 4.81 | 3.95 | 4.58 | 5.09 |
| Quick ratio | 1.70 | 1.61 | 1.38 | 2.57 | 2.83 | 3.17 | 3.10 | 2.37 | 3.02 | 3.41 |
| Debt / equity | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 78.1% | 78.2% | 78.0% | 78.9% | 78.7% | 79.2% | 80.2% | 79.5% | 79.9% | 80.2% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $168.9M | $157.5M | $129.5M | $209.2M | $211.9M | $201.0M | $181.0M | $175.1M | $125.4M | $101.9M | $88.8M | $89.6M |
| Cash & equivalents | $163.2M | $151.8M | $124.0M | $203.5M | $211.9M | $192.2M | $166.2M | $161.6M | $112.2M | $90.5M | $77.4M | $79.4M |
| Short-term investments | $5.7M | $5.7M | $5.6M | $5.7M | $5.7M | $8.8M | $14.7M | $13.5M | $13.2M | $11.4M | $11.4M | $10.2M |
| Receivables | $295.6M | $291.6M | $293.4M | $285.3M | $281.8M | $282.2M | $281.5M | $278.9M | $284.4M | $291.8M | $299.5M | $279.1M |
| Inventory | $148.5M | $383.7M | $380.4M | $372.9M | $376.4M | $385.3M | $389.5M | $394.9M | $404.5M | $399.6M | $398.1M | $396.7M |
| Other current assets | $307.0M | $70.3M | $49.2M | $37.4M | $48.4M | $68.3M | $64.4M | $66.9M | $70.1M | $71.1M | $72.5M | $74.8M |
| Total current assets | $919.9M | $903.1M | $852.5M | $904.8M | $918.6M | $936.8M | $916.4M | $915.7M | $884.4M | $864.5M | $858.9M | $840.1M |
| Property, plant & equipment (net) | $929.5M | $925.9M | $908.1M | $899.7M | $890.4M | $871.1M | $867.5M | $868.3M | $856.7M | $841.9M | $831.9M | $819.1M |
| Goodwill & intangible assets | $762.5M | $765.8M | $773.4M | $763.6M | $760.6M | $683.9M | $764.3M | $768.8M | $774.7M | $781.3M | $787.3M | $793.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $208.7M | $205.7M | $218.7M | $210.0M | $190.5M | $241.6M | $153.5M | $143.6M | $135.6M | $133.2M | $123.9M | $117.2M |
| Total assets | $2.82B | $2.80B | $2.75B | $2.78B | $2.76B | $2.73B | $2.70B | $2.70B | $2.65B | $2.62B | $2.60B | $2.57B |
| Liabilities | ||||||||||||
| Accounts payable | $89.6M | $92.1M | $90.6M | $95.0M | $76.4M | $89.6M | $86.5M | $92.5M | $86.3M | $86.3M | $86.3M | $92.7M |
| Short-term debt | $20.8M | $20.2M | $19.0M | $17.8M | $17.8M | $17.2M | $18.0M | $18.2M | $18.2M | $18.1M | $17.1M | $17.7M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | −$1 | — | — |
| Total current liabilities | $295.7M | $290.4M | $264.0M | $290.4M | $266.9M | $277.6M | $260.9M | $281.4M | $269.8M | $262.9M | $258.8M | $267.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $85.0M | $79.9M | $76.9M | $72.4M | $74.7M | $70.9M | $67.5M | $68.8M | $68.8M | $71.8M | $67.4M | $64.8M |
| Other long-term liabilities | $327.0M | $326.7M | $326.1M | $318.8M | $318.3M | $312.2M | $307.2M | $306.5M | $306.0M | $308.4M | $303.1M | $298.8M |
| Total liabilities | $622.6M | $617.1M | $590.1M | $609.2M | $585.2M | $589.8M | $568.1M | $587.9M | $575.8M | $571.3M | $561.9M | $566.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M |
| Retained earnings (deficit) | $2.11B | $2.09B | $2.08B | $2.08B | $2.09B | $2.07B | $2.06B | $2.03B | $1.99B | $1.97B | $1.96B | $1.93B |
| Accumulated other comprehensive income | −$21.7M | −$20.0M | −$23.9M | −$21.8M | −$24.4M | −$33.0M | −$28.5M | −$23.6M | −$23.6M | −$23.0M | −$23.9M | −$23.8M |
| Total shareholders' equity | $2.20B | $2.18B | $2.16B | $2.17B | $2.17B | $2.14B | $2.13B | $2.11B | $2.08B | $2.05B | $2.04B | $2.00B |
| Key figures | ||||||||||||
| Total debt | $85.0M | $79.9M | $76.9M | $72.4M | $74.7M | $70.9M | $67.5M | $68.8M | $68.8M | $71.8M | $67.4M | $64.8M |
| Net cash (debt) | $83.8M | $77.6M | $52.6M | $136.7M | $137.2M | $130.1M | $113.5M | $106.3M | $56.6M | $30.2M | $21.4M | $24.8M |
| Working capital | $624.2M | $612.7M | $588.5M | $614.4M | $651.6M | $659.3M | $655.5M | $634.2M | $614.6M | $601.6M | $600.2M | $572.9M |
| Tangible book value | $1.44B | $1.42B | $1.39B | $1.41B | $1.41B | $1.46B | $1.37B | $1.34B | $1.30B | $1.27B | $1.25B | $1.21B |
| Book value per share | $120.67 | $120.04 | $118.90 | $117.64 | $116.88 | $114.94 | $114.31 | $112.86 | $110.97 | $109.29 | $108.70 | $106.65 |
| Shares outstanding | 18.2M | 18.2M | 18.2M | 18.4M | 18.6M | 18.6M | 18.7M | 18.7M | 18.7M | 18.8M | 18.8M | 18.8M |
| Current ratio | 3.11 | 3.11 | 3.23 | 3.12 | 3.44 | 3.38 | 3.51 | 3.25 | 3.28 | 3.29 | 3.32 | 3.14 |
| Quick ratio | 1.57 | 1.55 | 1.60 | 1.70 | 1.85 | 1.74 | 1.77 | 1.61 | 1.52 | 1.50 | 1.50 | 1.38 |
| Debt / equity | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 |
| Equity / assets | 77.9% | 78.0% | 78.6% | 78.1% | 78.8% | 78.4% | 79.0% | 78.2% | 78.3% | 78.2% | 78.4% | 78.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 29, 2025); data from EODHD.
UNF financial position
At the end of fiscal 2025 (August 31, 2025), UniFirst had total assets of $2.8 billion (up 3.0% from a year earlier), total liabilities of $609.2 million and shareholders' equity of $2.2 billion. It held $209.2 million in cash and short-term investments against $72.4 million of debt, a net cash position of $136.7 million. Its current ratio was 3.12. In the latest quarter (ended May 31, 2026) total assets were $2.8 billion and equity $2.2 billion.
Related: UNF income statement, UNF cash flow statement, UNF key metrics. See the UNF stock overview for the latest quote and news.
UNF balance sheet FAQ
What are UniFirst's total assets?
UniFirst reported total assets of $2.8 billion at the end of fiscal 2025 (August 31, 2025), compared with $2.7 billion a year earlier.
How much debt does UniFirst have?
UniFirst had $72.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.03.
How much cash does UniFirst have?
UniFirst held $209.2 million in cash and short-term investments at the end of fiscal 2025; with $72.4 million of debt that is net cash of $136.7 million.
What is UniFirst's book value?
UniFirst's shareholders' equity (book value) was $2.2 billion at the end of fiscal 2025, or $116.73 per share.
What is UniFirst's current ratio?
UniFirst had current assets of $904.8 million and current liabilities of $290.4 million, a current ratio of 3.12 (it can cover its short-term obligations).
How much goodwill does UniFirst have?
UniFirst carried $763.6 million of goodwill and intangible assets, 27.5% of total assets, at the end of fiscal 2025.