UNTC UNIT CORP

Overview and Growth

UNIT CORP generated $545.52M of revenue in fiscal 2022, with net income of $148.37M and an operating cash inflow of $159.42M. The $545.52M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $638.72M in fiscal 2021, revenue decreased 14.6%, a top-line contraction that reduced operating scale. The company reported diluted EPS of $14.78, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $5.26 in fiscal 2021, the current result was 181.0% higher. The revenue-to-assets relationship was 1.16x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Net income came to $148.37M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 27.2%, meaning that this portion of revenue remained as net income after all recognized expenses. Before income taxes, the company reported $142.87M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 26.2%, adding a pre-tax profitability layer between revenue and net income. The company recognized $333.00K of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 0.2% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 40.9% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 31.6%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

The company held $469.25M of assets against $106.63M of liabilities and $362.63M of equity, revealing how the asset base was financed. The near-term balance sheet paired $275.47M of current assets with $68.23M of current liabilities at the reporting date. The current ratio was 4.04x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $213.97M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 313.6% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $0.00 of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.0x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 0.0%, comparing borrowing with the total asset balance. Liabilities represented 22.7% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 45.6% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 25.5% from $629.48M in fiscal 2021, leaving current total assets lower year over year. Reported equity changed 9.3% from $399.67M in fiscal 2021, placing the current capital base lower year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $159.42M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 1.07x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $30.39M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 19.1% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $129.03M of positive free cash flow for the period. Relative to revenue, free cash flow equaled 23.7%, showing how much sales converted into cash after investment. Free cash flow equaled 27.5% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2022. Analysis generated Oct 21, 2026.