UniFirst Corporation is an American uniform rental company based in Wilmington, Massachusetts, that manufactures, sells, and rents uniforms and protective clothing. UniFirst employs more than 14,000 people and has over 260 facilities in the United States, Canada, and Europe, including customer service centers, nuclear decontamination facilities, cleanroom locations, distribution centers, and manufacturing plants.3 Its shares trade on NYSE under the symbol UNF.1Wikipedia text CC BY-SA 4.0
UniFirst Corporation is an American uniform rental company based in Wilmington, Massachusetts, that manufactures, sells, and rents uniforms and protective clothing. UniFirst employs more than 14,000 people and has over 260 facilities in the United States, Canada, and Europe, including customer service centers, nuclear decontamination facilities, cleanroom locations, distribution centers, and manufacturing plants.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue10111213146$2.4B in 2025+43% since 2018Operating income10111213146$184.5M in 2025+1% since 2018Net income10111213146$148.3M in 2025−10% since 2018
Revenue151617$634.4M in Q3 FY2026+2% since Q1 FY2025Operating income151617$23.0M in Q3 FY2026−49% since Q1 FY2025Net income151617$19.9M in Q3 FY2026−42% since Q1 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2025-08-31
2024-08-31
2023-08-31
Revenues
$2.4B
$2.4B
$2.2B
Cost of revenues
$1.5B
$1.6B
$1.5B
Selling and administrative expenses
$565.1M
$522.6M
$496.9M
Depreciation and amortization
$140.4M
$141.4M
$121.2M
Total operating expenses
$2.2B
$2.2B
$2.1B
Operating income
$184.5M
$183.6M
$133.6M
Interest income, net
-$9.8M
-$7.2M
-$6.7M
Other (income) expense, net
-$1.1M
$1.4M
$1.5M
Total other income, net
-$10.9M
-$5.8M
-$5.2M
Income before income taxes
$195.4M
$189.4M
$138.8M
Provision for income taxes
$47.1M
$43.9M
$35.2M
Net income
$148.3M
$145.5M
$103.7M
Common stock (in dollars per share)
$7.98
$7.77
$5.53
Common stock
$148.3M
$145.5M
$103.7M
Common Stock
$148.3M
$145.5M
$103.7M
Common stock (in shares)
18.5M shares
18.7M shares
18.7M shares
Common stock (in shares)
18.6M shares
18.7M shares
18.8M shares
No quarter-by-quarter statement was filed.
Total assets18111213146$2.8B in 2025+46% since 2018Total liabilities1810111213146$609.2M in 2025+55% since 2018Shareholders’ equity181213146$2.2B in 2025+44% since 2018Cash1213146$203.5M in 2025−60% since 2021
Total assets161715$2.8B in Q3 FY2026+2% since Q2 FY2025Total liabilities161715$622.6M in Q3 FY2026+2% since Q2 FY2025Shareholders’ equity161715$2.2B in Q3 FY2026+1% since Q2 FY2025Cash161715$163.2M in Q3 FY2026−20% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
Period ending
2025-08-31
2024-08-31
2023-08-31
2022-08-31
Cash and cash equivalents
$203.5M
$161.6M
Short-term investments
$5.7M
$13.5M
Receivables, less reserves of $7,916 and $6,276
$285.3M
$278.9M
Inventories
$145.2M
$156.9M
Rental merchandise in service
$227.7M
$238.0M
Prepaid taxes
$7.7M
$14.9M
Prepaid expenses and other current assets
$49.5M
$52.0M
Total current assets
$924.6M
$915.7M
Property, plant and equipment, net
$829.6M
$801.6M
Goodwill
$657.7M
$648.9M
$647.9M
Customer contracts, net
$74.8M
$86.0M
Other intangible assets, net
$31.0M
$34.0M
Deferred income taxes
$977.0K
$833.0K
Operating lease right-of-use assets, net
$70.1M
$66.7M
Other assets
$189.3M
$142.8M
Total assets
$2.8B
$2.7B
Accounts payable
$95.0M
$92.5M
Accrued liabilities
$176.9M
$170.2M
Accrued taxes
$674.0K
$447.0K
Operating lease liabilities, current
$17.8M
$18.2M
Total current liabilities
$290.4M
$281.4M
Accrued liabilities
$128.6M
$123.4M
Accrued and deferred income taxes
$135.6M
$132.5M
Operating lease liabilities
$54.6M
$50.6M
Total liabilities
$609.2M
$587.9M
Preferred Stock, $1.00 par value; 2,000,000 shares authorized; no shares issued and outstanding
$0
$0
Capital surplus
$109.1M
$104.8M
Retained earnings
$2.1B
$2.0B
Accumulated other comprehensive loss
-$21.8M
-$23.6M
Total shareholders equity
$2.2B
$2.1B
$2.0B
$1.9B
Total liabilities and shareholders equity
$2.8B
$2.7B
Receivables, reserves
$6.8M
$7.9M
Preferred stock, par value (in dollars per share)
$1.00
$1.00
Preferred stock, shares authorized (in shares)
2.0M shares
2.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Preferred stock, shares outstanding (in shares)
0 shares
0 shares
Period ending
2025-08-31
2024-08-31
2023-08-31
2022-08-31
Cash and cash equivalents
$203.5M
$161.6M
Short-term investments
$5.7M
$13.5M
Receivables, less reserves of $7,916 and $6,276
$285.3M
$278.9M
Inventories
$145.2M
$156.9M
Rental merchandise in service
$227.7M
$238.0M
Prepaid taxes
$7.7M
$14.9M
Prepaid expenses and other current assets
$49.5M
$52.0M
Total current assets
$924.6M
$915.7M
Property, plant and equipment, net
$829.6M
$801.6M
Goodwill
$657.7M
$648.9M
$647.9M
Customer contracts, net
$74.8M
$86.0M
Other intangible assets, net
$31.0M
$34.0M
Deferred income taxes
$977.0K
$833.0K
Operating lease right-of-use assets, net
$70.1M
$66.7M
Other assets
$189.3M
$142.8M
Total assets
$2.8B
$2.7B
Accounts payable
$95.0M
$92.5M
Accrued liabilities
$176.9M
$170.2M
Accrued taxes
$674.0K
$447.0K
Operating lease liabilities, current
$17.8M
$18.2M
Total current liabilities
$290.4M
$281.4M
Accrued liabilities
$128.6M
$123.4M
Accrued and deferred income taxes
$135.6M
$132.5M
Operating lease liabilities
$54.6M
$50.6M
Total liabilities
$609.2M
$587.9M
Preferred Stock, $1.00 par value; 2,000,000 shares authorized; no shares issued and outstanding
$0
$0
Capital surplus
$109.1M
$104.8M
Retained earnings
$2.1B
$2.0B
Accumulated other comprehensive loss
-$21.8M
-$23.6M
Total shareholders equity
$2.2B
$2.1B
$2.0B
$1.9B
Total liabilities and shareholders equity
$2.8B
$2.7B
Receivables, reserves
$6.8M
$7.9M
Preferred stock, par value (in dollars per share)
$1.00
$1.00
Preferred stock, shares authorized (in shares)
2.0M shares
2.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Preferred stock, shares outstanding (in shares)
0 shares
0 shares
Cash from operations10111213146$296.9M in 2025+29% since 2018Capital spending10111213146$154.3M in 2025+37% since 2018Free cash flow10111213146$142.5M in 2025+21% since 2018Dividends paid10111213146$24.6M in 2025+484% since 2018Share buybacks10111213146$70.9M in 2025−51% since 2018
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2025-08-31
2024-08-31
2023-08-31
Net income
$148.3M
$145.5M
$103.7M
Depreciation and amortization
$140.4M
$141.4M
$121.2M
Share-based compensation
$12.2M
$9.8M
$9.1M
Accretion on environmental contingencies
$1.3M
$1.3M
$1.0M
Accretion on asset retirement obligations
$875.0K
$976.0K
$923.0K
Other
$448.0K
$466.0K
$258.0K
Deferred income taxes
$3.9M
$5.2M
$22.1M
(Gain) loss on sale of property and equipment
-$2.1M
$561.0K
$762.0K
Receivables, less reserves
-$6.5M
$511.0K
-$21.7M
Inventories
$12.3M
-$8.5M
$4.0M
Rental merchandise in service
$10.0M
$10.5M
-$20.8M
Prepaid expenses and other current assets and Other assets
-$24.3M
-$12.6M
-$7.1M
Accounts payable
$2.3M
-$4.1M
$10.1M
Accrued liabilities
-$8.8M
-$3.0M
-$12.8M
Prepaid and accrued income taxes
$6.6M
$7.2M
$4.9M
Net cash provided by operating activities
$296.9M
$295.3M
$215.8M
Acquisition of businesses, net of cash acquired
-$11.9M
-$203.0K
-$306.2M
Capital expenditures, including capitalization of software costs
-$154.3M
-$160.4M
-$172.0M
Purchases of investments
-$20.4M
-$24.6M
-$117.0M
Maturities of investments
$28.4M
$21.7M
$107.0M
Proceeds from sale of assets
$3.3M
$1.3M
$549.0K
Net cash used in investing activities
-$155.0M
-$162.2M
-$487.6M
Payment of deferred financing costs
-$1.2M
$0
-$851.0K
Borrowings under line of credit
$0
$0
$80.0M
Repayments under line of credit
$0
$0
-$80.0M
Proceeds from exercise of share-based awards
$4.0K
$4.0K
$3.0K
Taxes withheld and paid related to net share settlement of equity awards
-$4.5M
-$3.2M
-$2.9M
Repurchase of Common Stock
-$70.9M
-$23.8M
$0
Payment of cash dividends
-$24.6M
-$23.3M
-$22.1M
Net cash used in financing activities
-$101.2M
-$50.4M
-$25.8M
Effect of exchange rate changes
$1.3M
-$545.0K
$768.0K
Net increase (decrease) in cash and cash equivalents
UniFirst sits at the top of its group. 16 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Clean the Uniform Holding Company, LLC Subsidiary · Missouri, United States
RC Air LLC Subsidiary · New Hampshire, United States
UniFirst Canada Ltd. Subsidiary · Canada
UniFirst Far East Limited Subsidiary · Hong Kong
UniFirst Holdings, Inc. Subsidiary · Delaware, United States
UniFirst Manufacturing Corporation Subsidiary · Massachusetts, United States
UniFirst Nicaragua S.A. de C.V. Subsidiary · Nicaragua
UniFirst S.A. de C.V. Subsidiary · Mexico
UniFirst-First Aid Corporation Subsidiary · Maryland, United States
Uniformes de San Luis S.A. de C.V. Subsidiary · Mexico
UniTech Holdings SE Subsidiary · Netherlands
UniTech Services B.V. Subsidiary · Netherlands
UniTech Services Canada Ltd. Subsidiary · Canada
UniTech Services Group Ltd. Subsidiary · United Kingdom
UONE Corporation Subsidiary · Massachusetts, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What UniFirst reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
As of August 30, 2025, we owned or leased 281 facilities containing an aggregate of approximately 8.3 million square feet located in the U.S., Canada, Mexico, Europe and Nicaragua. We owned 148 of these facilities, containing approximately 6.6 million square feet. These facilities include our 325,000 square foot Owensboro, Kentucky distribution center and almost all of our industrial laundry processing plants. We believe our industrial laundry facilities are among the most modern in the industry.
We own substantially all of the machinery and equipment used in our operations. We believe that our facilities and our production, cleaning and decontamination equipment have been well maintained and are adequate for our present needs. We also own a fleet of approximately 4,813 delivery vans, trucks and other vehicles.
UniFirst was founded in 1936 by the Croatti family, under the name of National Overall Dry Cleaning Company. The company began in a horse barn that had been converted into a makeshift laundry, and its equipment consisted of a single washing machine and a delivery truck. It served Boston area factory workers and other laborers, whose heavy soiled work clothing needed to be cleaned frequently. The National Overall Dry Cleaning Company was incorporated in Massachusetts on October 6, 1950.
In the 1980s, UniFirst was sued by residents of Woburn, Massachusetts in a class-action lawsuit. The residents alleged that Unifirst, along with two other firms, had released pollution that had leaked into the water supply, and that this was a cause of increased instances of leukemia in the town. UniFirst settled with the residents without going to trial, for a sum of one million dollars. This episode was featured in the non-fiction book A Civil Action by Jonathan Harr, later adapted into a film of the same name. As of 2009, UniFirst's environmental record has improved; it has received awards for its water treatment processes from the Missouri Water Environment Association and the Water and Wastewater Utility Special Service Division of Austin, Texas, among others.
In 1991 Ronald Croatti became the chief executive officer of the company. He continued his rise in 1995, when he became the company president, and again in 2002, when he became the chairman of the board. In 2011, UniFirst featured in an episode of the reality television series Undercover Boss.
In May 2017, Ronald Croatti died and Steven S. Sintros became President & CEO.
In March 2026, UniFirst agreed to be acquired by Cintas in a deal valued at $5.5 billion.
UniFirst supplies uniforms and protective clothing, as well as restroom and cleaning products such as floor mats, mops, air fresheners and soap. Products that it manufactures in-house include work shirts, work pants, outerwear, and flame-resistant work apparel. It also manufactures a majority of the garments it places in rental programs.
Subsidiaries
UniFirst subsidiary companies include Green Guard, UniTech Services Group, and UniClean. Green Guard is a corporate supplier of first aid equipment; UniTech provides laundering and decontamination services to the nuclear industry; and UniClean supplies clothing and services related to cleanrooms. UniFirst also has a Canadian uniform rental subsidiary called UniFirst Canada.
Oct 23, 2024Reported quarterly or annual results59
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
351 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 39 major events, 176 insider forms, 26 large holders, 89 other. The latest 20:
42 open-market trades by officers, directors and large owners since October 2021: 0 buys and 42 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Oct 29, 2025 (Section 12(b) of the Exchange Act).19
Risk factors and legal proceedings
The risks UniFirst names in Item 1A of its 10-K filed Oct 29, 2025: 28 risks under these headings, as written.19
RISKS RELATING TO OUR BUSINESS AND OPERATIONS
We face intense competition within our industry, which may adversely affect our results of operations and financial condition.
Adverse economic and business conditions or geopolitical events may affect our business and our customer base and have a material adverse impact on our sales and operating results.
Increases in inflation rates could have a material adverse impact on our revenues and operating margins. In addition, if our costs increase and we are not able to pass along these price increases to our customers, our results of operations would be adversely affected, and the adverse impact may be material.
Our failure to successfully implement our acquisition strategy and to grow our business could adversely affect our ability to increase our revenues and could negatively impact our profitability.
If we are unable to preserve positive labor relationships or become the target of corporate labor unionization campaigns, the resulting labor unrest could disrupt our business by impairing our ability to produce and deliver our products.
We may incur unexpected cost increases due to rising healthcare costs and other labor costs.
Our failure to retain our current customers, renew our existing customer contracts and enter into customer contracts with new customers could adversely affect our business, results of operations and financial condition.
Periods of high fuel and energy costs and increases in fuel and energy costs could materially adversely affect our operating costs.
As a result of our significant presence in energy producing regions, a prolonged drop in energy prices could negatively impact our financial results.
Fluctuations in our nuclear business in our Other segment, including the loss of key customers or a significant reduction in our business derived from key customers, could disproportionately impact our revenue and net income and create volatility in the price of our Common Stock.
Our international business results are influenced by currency fluctuations and other risks that could have an adverse effect on our results of operations and financial condition.
The other 17 risks
Our failure to properly and efficiently design, construct, implement and operate a new ERP system could materially disrupt our operations, adversely impact the servicing of our customers and have a material adverse effect on our financial performance.
If our information technology systems suffer interruptions or failures, including as a result of cyber-attacks, our business operations could be disrupted or other material adverse impacts on our business could result.
Our business may be subject to seasonal and quarterly fluctuations.
Loss of our key management or other personnel and our inability to hire qualified personnel could adversely impact our business.
We depend on third parties to supply us with raw materials and facility services products and our results of operations could be adversely affected if we are unable to obtain adequate raw materials in a timely and economic manner, or at all, or if our supply chain is otherwise disrupted.
Unexpected events could disrupt our operations, including our reliance on key facilities, and have a material adverse impact on our operating results.
We identified material weakness in our internal control over financial reporting related to certain information technology general controls (“ITGCs”) supporting the manage change and manage access processes. If not remediated appropriately and timely, such material weakness could adversely impact our ability to record, process and report financial information accurately, result in loss of investor confidence and have a material adverse impact on our business, results of operations, financial condition and stock price.
Our business could be adversely impacted if we have deficiencies in our disclosure controls and procedures or internal control over financial reporting, including as a result of the material weakness identified by management and discussed above.
U.S. and foreign trade policies, including the assessment of tariffs and other impositions on imported goods, may have a material adverse impact on our business.
LEGAL AND REGULATORY RISKS
The expenses we may incur to comply with environmental regulations, including costs associated with potential environmental remediation, may prove to be significant and could have a material adverse effect on our results of operations and financial condition.
In addition to contingencies and claims relating to environmental compliance matters, we may from time to time be subject to legal or regulatory proceedings and claims related to our business operations which may have a material adverse effect on our financial condition and operating results.
Failure to comply with state, federal, international and other laws, rules and regulations to which we are subject may result in penalties or costs that could have a material adverse effect on our business.
Changes in or new interpretations of the governmental regulatory framework may affect our contract terms and may reduce our sales or profits.
GENERAL RISK FACTORS
Adverse global financial and economic conditions may result in impairment of our goodwill and intangibles.
The price of our Common Stock may be highly volatile, which could result in significant price declines.
If we are unable to accurately predict our future tax liabilities or become subject to increased levels of taxation or our tax contingencies are unfavorably resolved, our results of operations and financial condition could be materially adversely affected.
We are controlled by our principal shareholders, and our other shareholders may be unable to affect the outcome of shareholder voting.
Legal proceedings
We are involved with environmental investigation, monitoring and remediation activities at certain sites. In addition, from time to time, we are subject to legal proceedings and claims arising from the current conduct of our business operations, including personal injury, customer contract, employment claims such as claims alleging violations of, and damages under, the FLSA and environmental and tax matters as described in our Consolidated Financial Statements. We maintain insurance coverage providing indemnification against many of such claims, and we do not expect, although there can be no assurance, that we will sustain any material loss as a result thereof.
