# United Natural Foods Inc. (UNFI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Defensive / Food & Staples Retailing. Price $43.93, market value $2.7 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). United Natural Foods Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.1×**. Each dollar of revenue is priced at 0.1×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.7×**. The shares trade at 1.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 12.2×**. Enterprise value is 12.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 12.4%** (5-yr avg 9.3%). Free cash flow equals 12.4% of the market value, above its five-year average of 9.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 13.4%**. United Natural Foods Inc. keeps 13.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 0.2%**. 0.2% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -0.4%**. The company reported a net loss over the last twelve months.
- **Return on equity: -7.6%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 1.5%**. Return on all capital, debt included, is 1.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -0.5%**. Each dollar of assets produces -0.5% of profit.

## Growth
- **Revenue growth (1 yr): 2.6%** (3-yr 3.2%/yr, 5-yr 3.7%/yr). Revenue grew 2.6% over the last year, against 3.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -3.2%**. Earnings per share fell 3.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 44.0%/yr**. Free cash flow has compounded at 44.0% a year over three years.

## Financial health
- **Debt to equity: 1.20**. Debt is 1.20 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 4.9×**. It would take 4.9 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 4.72**. A Z-score of 4.72 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. United Natural Foods Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 52.0%** (YTD 30.5%, 3-mo -20.9%). The shares are up 52.0% over twelve months including dividends.
- **From 52-week high: -23.0%** (57.1% above the low). Trading 23% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 36**. An RSI of 36 is neutral.
- **Beta (1 yr): 0.58** (volatility 47%). Beta of 0.58 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=UNFI · Page: https://foliofundamentals.com/stocks/unfi

Not investment advice.