Unifirst Corporation (UNF) - Net Assets
Based on the latest financial reports, Unifirst Corporation (UNF) has net assets worth $2.18 Billion USD as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.80 Billion) and total liabilities ($617.11 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check UNF intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.18 Billion |
| % of Total Assets | 77.96% |
| Annual Growth Rate | 10.09% |
| 5-Year Change | 15.8% |
| 10-Year Change | 58.92% |
| Growth Volatility | 3.96 |
Unifirst Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Unifirst Corporation's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Unifirst Corporation to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Unifirst Corporation (1985–2025)
The table below shows the annual net assets of Unifirst Corporation from 1985 to 2025. For live valuation and market cap data, see how much is Unifirst Corporation worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $2.17 Billion | +2.87% |
| 2024-08-31 | $2.11 Billion | +5.22% |
| 2023-08-31 | $2.00 Billion | +4.60% |
| 2022-08-31 | $1.92 Billion | +2.29% |
| 2021-08-31 | $1.87 Billion | +7.57% |
| 2020-08-31 | $1.74 Billion | +6.09% |
| 2019-08-31 | $1.64 Billion | +12.03% |
| 2018-08-31 | $1.46 Billion | +0.81% |
| 2017-08-31 | $1.45 Billion | +6.48% |
| 2016-08-31 | $1.36 Billion | +9.87% |
| 2015-08-31 | $1.24 Billion | +9.50% |
| 2014-08-31 | $1.13 Billion | +11.95% |
| 2013-08-31 | $1.01 Billion | +12.99% |
| 2012-08-31 | $896.92 Million | +12.40% |
| 2011-08-31 | $797.94 Million | +12.70% |
| 2010-08-31 | $708.05 Million | +12.92% |
| 2009-08-31 | $627.03 Million | +12.62% |
| 2008-08-31 | $556.77 Million | +11.95% |
| 2007-08-31 | $497.33 Million | +9.90% |
| 2006-08-31 | $452.55 Million | +9.75% |
| 2005-08-31 | $412.34 Million | +12.13% |
| 2004-08-31 | $367.75 Million | +9.65% |
| 2003-08-31 | $335.38 Million | +8.28% |
| 2002-08-31 | $309.74 Million | +8.47% |
| 2001-08-31 | $285.55 Million | +5.30% |
| 2000-08-31 | $271.17 Million | +5.35% |
| 1999-08-31 | $257.40 Million | +4.46% |
| 1998-08-31 | $246.40 Million | +13.44% |
| 1997-08-31 | $217.20 Million | +13.66% |
| 1996-08-31 | $191.10 Million | +13.35% |
| 1995-08-31 | $168.60 Million | +12.78% |
| 1994-08-31 | $149.50 Million | +12.66% |
| 1993-08-31 | $132.70 Million | +13.13% |
| 1992-08-31 | $117.30 Million | +10.76% |
| 1991-08-31 | $105.90 Million | +13.02% |
| 1990-08-31 | $93.70 Million | +16.83% |
| 1989-08-31 | $80.20 Million | +16.06% |
| 1988-08-31 | $69.10 Million | +13.84% |
| 1987-08-31 | $60.70 Million | +13.25% |
| 1986-08-31 | $53.60 Million | +15.77% |
| 1985-08-31 | $46.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Unifirst Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5246.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.08 Billion | 95.89% |
| Common Stock | $1.82 Million | 0.08% |
| Other Comprehensive Income | $-21.79 Million | -1.00% |
| Other Components | $109.11 Million | 5.03% |
| Total Equity | $2.17 Billion | 100.00% |
Unifirst Corporation Competitors by Market Cap
The table below lists competitors of Unifirst Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lazard Ltd
NYSE:LAZ
|
$3.81 Billion |
|
Ottobock SE & Co. KGaA
XETRA:OBCK
|
$3.81 Billion |
|
Global Health Limited
NSE:MEDANTA
|
$3.81 Billion |
|
Iskenderun Demir ve Celik AS
IS:ISDMR
|
$3.82 Billion |
|
Constellium SE
F:3OK
|
$3.81 Billion |
|
Badger Meter Inc
NYSE:BMI
|
$3.81 Billion |
|
Zhejiang Wanfeng Auto Wheel Co Ltd
SHE:002085
|
$3.81 Billion |
|
L&T Technology Services Limited
NSE:LTTS
|
$3.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Unifirst Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,108,511,000 to 2,168,957,000, a change of 60,446,000 (2.9%).
- Net income of 148,271,000 contributed positively to equity growth.
- Dividend payments of 24,625,000 reduced retained earnings.
- Share repurchases of 70,895,000 reduced equity.
- Other comprehensive income increased equity by 1,859,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $148.27 Million | +6.84% |
| Dividends Paid | $24.62 Million | -1.14% |
| Share Repurchases | $70.89 Million | -3.27% |
| Other Comprehensive Income | $1.86 Million | +0.09% |
| Other Changes | $5.84 Million | +0.27% |
| Total Change | $- | 2.87% |
Book Value vs Market Value Analysis
This analysis compares Unifirst Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 114.26x to 2.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-08-31 | $2.30 | $262.41 | x |
| 1986-08-31 | $2.66 | $262.41 | x |
| 1987-08-31 | $3.01 | $262.41 | x |
| 1988-08-31 | $3.42 | $262.41 | x |
| 1989-08-31 | $3.95 | $262.41 | x |
| 1990-08-31 | $4.61 | $262.41 | x |
| 1991-08-31 | $5.21 | $262.41 | x |
| 1992-08-31 | $5.76 | $262.41 | x |
| 1993-08-31 | $6.47 | $262.41 | x |
| 1994-08-31 | $7.28 | $262.41 | x |
| 1995-08-31 | $8.27 | $262.41 | x |
| 1996-08-31 | $9.29 | $262.41 | x |
| 1997-08-31 | $10.60 | $262.41 | x |
| 1998-08-31 | $12.02 | $262.41 | x |
| 1999-08-31 | $12.60 | $262.41 | x |
| 2000-08-31 | $13.79 | $262.41 | x |
| 2001-08-31 | $14.74 | $262.41 | x |
| 2002-08-31 | $16.07 | $262.41 | x |
| 2003-08-31 | $17.38 | $262.41 | x |
| 2004-08-31 | $19.10 | $262.41 | x |
| 2005-08-31 | $21.35 | $262.41 | x |
| 2006-08-31 | $23.43 | $262.41 | x |
| 2007-08-31 | $25.71 | $262.41 | x |
| 2008-08-31 | $28.77 | $262.41 | x |
| 2009-08-31 | $32.37 | $262.41 | x |
| 2010-08-31 | $36.39 | $262.41 | x |
| 2011-08-31 | $40.85 | $262.41 | x |
| 2012-08-31 | $45.72 | $262.41 | x |
| 2013-08-31 | $51.21 | $262.41 | x |
| 2014-08-31 | $56.90 | $262.41 | x |
| 2015-08-31 | $61.87 | $262.41 | x |
| 2016-08-31 | $67.72 | $262.41 | x |
| 2017-08-31 | $71.67 | $262.41 | x |
| 2018-08-31 | $73.38 | $262.41 | x |
| 2019-08-31 | $85.50 | $262.41 | x |
| 2020-08-31 | $91.44 | $262.41 | x |
| 2021-08-31 | $98.38 | $262.41 | x |
| 2022-08-31 | $101.19 | $262.41 | x |
| 2023-08-31 | $106.81 | $262.41 | x |
| 2024-08-31 | $112.61 | $262.41 | x |
| 2025-08-31 | $116.73 | $262.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Unifirst Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.10%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.28x
- Recent ROE (6.84%) is below the historical average (10.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.17% | 5.82% | 1.42x | 1.59x | $1.47 Million |
| 1986 | 15.49% | 7.27% | 1.18x | 1.81x | $2.94 Million |
| 1987 | 12.85% | 4.88% | 0.96x | 2.74x | $1.73 Million |
| 1988 | 12.59% | 4.43% | 1.15x | 2.47x | $1.79 Million |
| 1989 | 14.46% | 5.45% | 1.23x | 2.15x | $3.58 Million |
| 1990 | 15.26% | 6.31% | 1.20x | 2.02x | $4.93 Million |
| 1991 | 12.46% | 5.27% | 1.23x | 1.93x | $2.61 Million |
| 1992 | 11.00% | 4.81% | 1.26x | 1.81x | $1.17 Million |
| 1993 | 13.34% | 6.15% | 1.31x | 1.65x | $4.43 Million |
| 1994 | 12.64% | 5.94% | 1.27x | 1.67x | $3.95 Million |
| 1995 | 12.22% | 5.80% | 1.30x | 1.62x | $3.74 Million |
| 1996 | 12.93% | 6.30% | 1.30x | 1.58x | $5.59 Million |
| 1997 | 13.21% | 6.85% | 1.23x | 1.56x | $6.98 Million |
| 1998 | 13.47% | 7.41% | 1.19x | 1.53x | $8.56 Million |
| 1999 | 9.36% | 4.95% | 1.05x | 1.81x | $-1.64 Million |
| 2000 | 7.33% | 3.76% | 1.06x | 1.84x | $-7.25 Million |
| 2001 | 8.13% | 4.17% | 1.13x | 1.72x | $-5.33 Million |
| 2002 | 8.67% | 4.64% | 1.17x | 1.60x | $-4.12 Million |
| 2003 | 8.06% | 4.53% | 1.16x | 1.53x | $-6.52 Million |
| 2004 | 9.13% | 4.67% | 1.03x | 1.91x | $-3.20 Million |
| 2005 | 10.51% | 5.67% | 1.02x | 1.81x | $2.11 Million |
| 2006 | 8.66% | 4.78% | 0.99x | 1.83x | $-6.05 Million |
| 2007 | 9.09% | 5.01% | 1.03x | 1.76x | $-4.54 Million |
| 2008 | 10.95% | 5.96% | 1.04x | 1.76x | $5.30 Million |
| 2009 | 12.10% | 7.48% | 1.00x | 1.61x | $13.15 Million |
| 2010 | 10.79% | 7.45% | 0.94x | 1.54x | $5.60 Million |
| 2011 | 9.59% | 6.74% | 0.99x | 1.43x | $-3.31 Million |
| 2012 | 10.59% | 7.56% | 1.01x | 1.38x | $5.30 Million |
| 2013 | 11.51% | 8.61% | 0.99x | 1.36x | $15.35 Million |
| 2014 | 10.57% | 8.60% | 0.98x | 1.26x | $6.48 Million |
| 2015 | 10.01% | 8.53% | 0.95x | 1.23x | $78.20K |
| 2016 | 9.16% | 8.52% | 0.86x | 1.25x | $-11.45 Million |
| 2017 | 4.83% | 4.41% | 0.87x | 1.25x | $-75.12 Million |
| 2018 | 11.19% | 9.66% | 0.92x | 1.26x | $17.40 Million |
| 2019 | 10.91% | 9.90% | 0.88x | 1.25x | $15.01 Million |
| 2020 | 7.80% | 7.53% | 0.82x | 1.26x | $-38.34 Million |
| 2021 | 8.07% | 8.27% | 0.77x | 1.27x | $-36.18 Million |
| 2022 | 5.40% | 5.17% | 0.82x | 1.27x | $-88.18 Million |
| 2023 | 5.17% | 4.64% | 0.87x | 1.28x | $-96.72 Million |
| 2024 | 6.90% | 5.99% | 0.90x | 1.28x | $-65.38 Million |
| 2025 | 6.84% | 6.10% | 0.88x | 1.28x | $-68.62 Million |
Industry Comparison
This section compares Unifirst Corporation's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $882,759,761
- Average return on equity (ROE) among peers: 6.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Unifirst Corporation (UNF) | $2.18 Billion | 13.17% | 0.28x | $3.81 Billion |
| ABM Industries Incorporated (ABM) | $974.00 Million | 5.87% | 1.34x | $2.63 Billion |
| Amentum Holdings Inc. (AMTM) | $4.62 Billion | 1.43% | 1.48x | $4.90 Billion |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $2.55 Million | 32.19% | 1.48x | $64.94 Million |
| Aramark Holdings (ARMK) | $1.72 Billion | 8.67% | 5.09x | $11.71 Billion |
| AZZ Incorporated (AZZ) | $69.30 Million | 6.15% | 0.73x | $4.41 Billion |
| Blacksky Technology Inc (BKSY) | $93.99 Million | -60.88% | 1.70x | $903.60 Million |
| BUUU Group Limited Class A Ordinary Share (BUUU) | $485.37K | 58.45% | 2.81x | $241.91 Million |
| BrightView Holdings (BV) | $705.21 Million | -7.43% | 3.10x | $1.16 Billion |
| Cass Information Systems Inc (CASS) | $244.19 Million | 12.45% | 6.22x | $613.37 Million |
| CBIZ Inc (CBZ) | $399.85 Million | 7.44% | 1.48x | $1.63 Billion |
About Unifirst Corporation
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. It operates in three segments: Uniform & Facility Service Solutions; First Aid & Safety Solutions; and Other. The company offers uniforms, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; specialized protective wear comprising flame resistant and … Read more