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Ultralife ULBI Return on invested capital

Return on invested capital at other companies

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9.6%+4.4pp
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-21.6%
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Enovix CorporationENVX
-38.3%-14.5pp

Other financials

Income statement

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Revenue$47.4M-6.5%
Gross profit$11.5M+8.8%
Operating income-$1.5M-159%
Net income-$471.0K+68.1%
EPS (diluted)-$8.75-192%

Balance sheet

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Cash & equivalents$8.9M+2.0%
Total debt$50.7M-11.8%
Total equity$129.6M-5.0%
Total assets$220.6M-1.4%

Cash flow

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Operating cash flow$2.3M-33.0%
CapEx$770.0K-14.0%
Free cash flow$1.5M-39.9%

Valuation

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Market cap$105.27M-22.4%
Enterprise value$147.11M-18.0%
P/S0.6×-0.2×

Profitability

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Gross margin24.1%-1.7pp
Operating margin-3.1%-9.1pp
Net margin-2.6%-4.5pp
FCF margin7.8%+3.9pp

Returns & leverage

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Return on equity-3.7%-6.1pp
Debt / equity0.4×0.0×
Current ratio2.6×-0.7×

Where this comes from

Calculated from Ultralife’s reported figures.

Based on trailing twelve months.

The official record: Ultralife’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ultralife's return on invested capital?
Ultralife (ULBI) reported return on invested capital of -3.3% in Q4 2025.
How has Ultralife's return on invested capital changed year-over-year?
Ultralife's return on invested capital decreased by 170.4% year-over-year, from 4.7% to -3.3%.
What is the long-term trend for Ultralife's return on invested capital?
Over 3 years (2022 to 2025), Ultralife's return on invested capital has grown at a 221.9% compound annual growth rate (CAGR), from 0.1% to -3.3%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.