Reading the tape
NYSE: UI
Ubiquiti Inc.
Technology · Communication Equipment
Market Cap
$61.42B
52w High
$1,099.99
52w Low
$337.05
P/E
69.10
Volume
58.88K
Outstanding Shares
60.52M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 195.45%Revenue (TTM): 38.19%FCF (TTM): -8.21%P/FCF: 97th pct
What changed
The stock rose 195.45% over the last year. Revenue grew 38.19% over the trailing twelve months. Operating margin moved from 27.79% to 35.09%. Free cash flow declined 8.21% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (97th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 35.09% — continued expansion would be needed to justify the premium. Revenue growth of 38.19% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Ubiquiti Inc. develops networking technology for service providers, enterprises, and consumers.
CEORobert J. Pera
SectorTechnology
IndustryCommunication Equipment
Employees1,515
IPO dateOct 14, 2011
Valuation
Forward P/E—
EV/EBITDA29.18
Enterprise value$25.04B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth35.84%
Gross margin45.42%▲13.19%vs FY2024
Operating margin35.09%▲25.59%vs FY2024
ROE106.53%▼71.06%vs FY2024
Analyst consensus
RatingHold
Target price$527.00▼48.07%
6
Buy
10
Hold
5
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 8, 2026
Q2 FY26 · EPS est $4.29 · Revenue est $814.3M
View
Dividends
$3.00/shareQuarterly7yr growth streakSafeUI pays a dividend with a 0.3% dividend yield, 7 consecutive years of growth, growing at 14.87% annually, covered 4.3× by free cash flow.
Dividend Yield
0.3%
Annual Div / Share
$3.00
5yr CAGR
+14.87%
Doubles every ~5.0yr
Payout Ratio
19.06%
Safe
Dividend Growth Rate
3yr CAGR
+7.72%
5yr CAGR
+14.87%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$3.00+25.0%
2024$2.40+0.0%
2023$2.40+0.0%
2022$2.40+9.1%
2021$2.20+46.7%
2020$1.50+30.4%
2019$1.15+25.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$3/yr
$0/mo
In 5 yrs
$5/yr+76%
$0/mo
In 10 yrs
$9/yr+211%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$3/yr $0/mo | $5/yr+76% $0/mo | $9/yr+211% $1/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.3% → 0.92% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 4.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 14.87% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.