The business behind the dividend
| Measure | UTZ | Median | Formula |
|---|---|---|---|
| Return on equity | 0.1% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | 1.2% | 10.0% | Operating income ÷ (equity + total debt) |
| Owner earnings | $-19.60m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $9.40m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 1.4% | 14.3% | Operating income ÷ revenue |
| Net margin | 0.1% | 10.1% | Net income ÷ revenue |
| Debt to equity | 1.19x | 0.73x | Total debt ÷ shareholders’ equity |
| Interest cover | 0.45x | 4.22x | Operating income ÷ interest expense |
| Current ratio | 1.19x | 1.55x | Current assets ÷ current liabilities |
| Long-term debt to working capital | 13.37x | 1.88x | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | -4.0% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2023 | 2022 | 2019 | 2019 | 2018 | Median |
|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 0.1% | 2.3% | -3.7% | -0.1% | 3.0% | 159.5% | — | — | 0.1% |
| Return on capital employed | 1.2% | 4.0% | 1.0% | 0.3% | 0.7% | — | — | — | 1.0% |
| Operating margin | 1.4% | 4.2% | 1.1% | 0.4% | 0.9% | — | 5.0% | 2.5% | 1.4% |
| Net margin | 0.1% | 1.1% | -1.7% | -0.0% | 1.7% | — | -2.1% | -4.0% | -0.0% |
| Debt to equity | 1.19x | 1.10x | 1.34x | 1.30x | 1.24x | — | — | — | 1.24x |
| Current ratio | 1.19x | 1.11x | 1.42x | 1.57x | 1.48x | 1.20x | 1.71x | — | 1.42x |
| Cash conversion | — | 6.68x | — | — | 2.35x | -0.05x | — | — | 2.35x |
How it compares in consumer staples
Among the 64 consumer staples companies here measured on free cash flow, Utz Brands pays out less than 1 of them. The median for that group is 53.9%, against this company’s 237.2%.
Closest on free cash flow
- United Guardian (UG) 145.0%
- Coca Cola (KO) 165.8%
- National Beverage (FIZZ) 178.5%
- Pilgrims Pride (PPC) 305.3%
Same sector and same denominator, so the figures are comparable. All 72 in consumer staples →