Uniti Group Inc (Delaware) UNIT

Communication ServicesTelecommunications ServicesUnited States of America

Last close 5.15 USD on Nov 1, 2026, −27.8% year to date

Quant rating

Quant rating C Rank 76 of 135 in Communication Services

Growth B 28 of 135
Valuation A 18 of 135
Quality C 62 of 135
Revisions B 31 of 135
Momentum D 130 of 135

Wall Street consensus Hold (2.71)Average target 11.38 USD +120.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.2B
Enterprise value: 11.3B
52-week range: 4.82 – 12.92
3-year range: 4.40 – 12.92
Dividend yield: –
Beta (5 years): 1.39
Shares outstanding: 243M
Next earnings: Nov 9, 2026

About the company

Uniti Group Inc. is a premier insurgent fiber provider dedicated to enabling mission-critical connectivity across the United States. It offers advanced communications services, including fiber-based broadband to residential and business customers, managed cloud communications and security services for enterprises and government entities and tailored wave and transport solutions for carriers, content providers and large cloud computing and storage service providers. Its segments include Kinetic, Uniti Solutions, and Fiber Infrastructure. Kinetic segment offers local and long-distance voice services and Web conferencing products. Uniti Solutions segment includes software solutions and network connectivity. Fiber Infrastructure segment offers network bandwidth to other telecommunications carriers, network operators, content providers and storage service providers. Its portfolio of services is offered through a suite of brands: Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	2,234	1,167	1,150	1,129	1,101	–
Revenue growth	91.5%	1.5%	1.9%	2.6%	3.1%	15.9%
EPS (basic, normalized)	4.69	0.63	−0.58	1.63	0.85	–
EPS growth	644.1%	–	–	92.2%	–	–
Gross margin	66.8%	–	–	–	–	66.8%
Net margin	55.9%	7.8%	−7.2%	−0.8%	11.1%	13.4%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	609
Current ratio	1.22x
Long-term debt (mil)	10,637
Net debt (mil)	10,038
Total equity (mil)	162
Net debt / equity	62.15x
Net debt / EBITDA	8.55x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	2,234	+91.5%	5.0x	1,174	+24.7%	9.6x	4.69	+644.1%	1.1x
2026	3,662	+63.9%	3.1x	1,483	+26.3%	7.6x	−2.07	−144.2%	−2.5x
2027	3,626	−1.0%	3.1x	1,512	+2.0%	7.5x	−2.19	−5.9%	−2.3x
2028	3,740	+3.1%	3.0x	1,587	+4.9%	7.1x	−2.00	+8.8%	−2.6x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	3,662	0.0%	+0.3%	+0.9%	−2.07	+1.6%	−9.2%	−33.7%
2027	3,626	−0.1%	−0.1%	−1.8%	−2.19	+0.8%	−4.8%	−88.0%
2028	3,740	0.0%	+0.4%	−1.8%	−2.00	0.0%	+9.3%	−95.6%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	286	295	292	293	294	301	723	917	988	910
Sales mean (mil)	288	290	290	295	296	304	763	886	933	890
Surprise	−0.4%	+1.7%	+0.6%	−0.5%	−0.6%	−1.1%	−5.3%	+3.5%	+5.8%	+2.2%
EPS reported	0.27	0.12	0.08	0.15	0.08	−0.07	−0.33	−1.23	−0.36	−0.68
EPS mean	0.19	0.18	0.16	0.18	0.06	0.04	−0.14	−0.33	−0.50	−0.46
Surprise	+39.1%	−35.6%	−49.2%	−18.6%	+47.1%	−255.1%	−143.2%	−274.6%	+28.2%	−47.2%

Peer comparison Telecommunications Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
UNIT Uniti Group Inc (Delaware)	1.2B	8.55x	55.9%	7.37x	−2.5x	−2.3x	7.6x	7.5x
VZ Verizon Communications Inc	185.4B	3.26x	12.4%	1.75x	8.8x	8.4x	6.5x	6.3x
TMUS T-Mobile US Inc	165.7B	2.47x	12.4%	2.95x	14.0x	11.1x	6.7x	6.2x
T AT&T Inc.	144.2B	3.60x	17.4%	1.36x	8.9x	8.2x	6.4x	6.3x
CMCSA Comcast Corporation	82.5B	2.14x	16.2%	0.89x	6.6x	6.6x	4.9x	4.9x
ECHO EchoStar Corporation	28.2B	−1.05x	−96.6%	1.99x	4.0x	32.4x	19.4x	20.3x
Mean		3.16x	3.0%	2.72x	6.6x	10.7x	8.6x	8.6x
Median		2.86x	14.3%	1.87x	7.7x	8.3x	6.6x	6.3x

Technical analysis

1M−41.5%
3M−51.4%
1Y−16.2%
3Y−18.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Uniti Group Inc (Delaware), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	2,234	1,167	1,150	1,129	1,101	1,067
Cost of revenue	743	–	–	–	–	–
Gross profit	1,492	1,167	1,150	1,129	1,101	1,067
Selling, general & administrative expenses	344	105	103	101	101	105
Research & development	–	–	–	–	–	–
Depreciation/amortization	667	315	311	293	291	329
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−1,281	38.7	216	251	7.5	785
Other operating expenses	0	140	163	136	165	171
Operating income	1,763	568	358	348	535	−323
Net interest income (expense)	−603	−511	−513	−377	−446	−497
Gain (loss) on sale of assets	–	19.0	2.2	0.6	28.6	86.3
Other non-operating income (expense)	8.1	0	0	0	0	0
Net income before taxes	1,168	75.9	−153	−27.9	118	−734
Provision for taxes	−136	−17.6	−68.5	−17.4	−4.9	−15.2
Minority interest	–	0	0	−0.2	−1.1	12.5
Equity in affiliates	0	0	2.7	2.4	2.1	0.1
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,305	93.4	−81.7	−8.3	124	−706
Extraordinary items	–	–	–	–	–	–
Net income	1,305	93.4	−81.7	−8.3	124	−706
EBIT, normalized	482	607	574	599	543	462
EBITDA, normalized	1,148	922	884	892	834	791
Basic EPS, normalized	4.69	0.63	−0.58	1.63	0.85	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Uniti Group Inc (Delaware), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	53.5	156	62.3	43.8	58.9	77.5
Receivables	359	51.4	46.4	42.6	38.5	63.0
Total inventory	44.0	–	–	–	–	–
Prepaid expenses	138	–	–	–	–	–
Other current assets	237	28.3	0	0	0	0
Total current assets	831	235	109	86.4	97.4	140
Property, plant & equipment	8,658	4,337	4,107	3,843	3,589	3,371
Goodwill	1,158	157	157	361	602	602
Intangibles	1,293	275	305	335	365	391
Long-term investments	–	–	0	38.7	64.2	66.0
Note receivable	–	109	91.0	68.6	41.3	13.1
Other long-term assets	95.6	169	256	118	50.6	148
Total assets	12,037	5,282	5,025	4,851	4,809	4,732
Liabilities
Accounts payable	172	–	–	–	–	–
Payable/accrued	–	89.7	119	122	86.9	74.7
Accrued expenses	313	144	134	121	110	95.3
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	16.4	–	–	–	–	–
Other current liabilities	623	1,402	1,310	1,190	1,146	1,055
Total current liabilities	1,124	1,635	1,563	1,434	1,343	1,225
Long-term debt	9,580	5,801	5,542	5,204	5,106	4,832
Minority interest	0.1	0.3	2.0	2.1	13.9	69.2
Other liabilities	952	298	405	485	475	747
Total liabilities	11,656	7,734	7,511	7,125	6,937	6,873
Shareholders' equity
Preferred stock	–	0.2	0.2	0.2	0.1	0.1
Common stock	0	0	0	0	0	0
Additional paid-in capital	2,790	1,236	1,222	1,210	1,215	1,209
Retained earnings (accumulated deficit)	−2,408	−3,688	−3,708	−3,484	−3,333	−3,330
Treasury stock	–	–	–	–	–	–
Other equity	−1.9	−0.6	0	0	−9.2	−20.4
Total equity	380	−2,452	−2,486	−2,273	−2,128	−2,142
Total liabilities & shareholders' equity	12,037	5,282	5,025	4,851	4,809	4,732

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Uniti Group Inc (Delaware), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,305	93.4	−81.7	−8.1	125	−719
Depreciation, depletion & amortization	667	315	311	293	291	329
Deferred taxes	−144	−18.9	−68.5	−28.9	−6.5	−13.9
Non-cash items	−1,454	−5.9	235	224	28.9	115
Changes in working capital	−23.1	−16.7	−42.5	−19.8	61.0	445
Cash from operations	350	367	353	460	499	157
Investing activities
Capital expenditures	−810	−355	−417	−428	−386	−317
Other investing cash flows	−202	82.6	5.7	35.5	64.6	318
Cash from investing	−1,012	−272	−411	−392	−321	1.4
Financing activities
Financing cash flow items	−322	−115	−170	−17.8	−263	−69.3
Cash dividends paid	0	−108	−107	−143	−141	−136
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	934	250	354	77.6	208	−18.9
Cash from financing	612	27.1	76.6	−83.2	−197	−224
Foreign exchange effects	–	–	–	0	–	–
Net change in cash	−49.7	122	18.5	−15.1	−18.6	−65.3
Free cash flow	−460	11.9	−63.9	32.5	113	−160

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.