Uniti Group Inc (UNIT)
NASDAQ:UNIT
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Uniti Group
(NASDAQ:UNIT)
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Rating:59Neutral
Price Target:
$12.50
▲(7.48% Upside)
Action:ReiteratedDate:04/01/26
The score is held back primarily by high leverage, thin equity, and negative 2025 free cash flow despite improved profitability. Offsetting this are strong technical uptrend signals and very low headline valuation (P/E ~1), plus an earnings-call outlook showing solid fiber growth execution, though paired with very heavy 2026 investment needs and near-term legacy headwinds.
Positive Factors
Consumer fiber growth & adoption
Sustained consumer fiber additions, improving penetration and rising ARPU indicate durable organic growth and stronger unit economics. Higher net adds and lower churn lengthen customer lifetimes and bolster recurring revenue, supporting long-term cash flows and payoff of build investments.
Negative Factors
Very high leverage and thin equity
Extremely high debt relative to thin equity constrains financial flexibility and raises refinancing, covenant and rating risks. With limited equity cushion, adverse shocks or delays in cash generation could force asset sales, additional costly financing, or restructuring, impairing strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Consumer fiber growth & adoption
Sustained consumer fiber additions, improving penetration and rising ARPU indicate durable organic growth and stronger unit economics. Higher net adds and lower churn lengthen customer lifetimes and bolster recurring revenue, supporting long-term cash flows and payoff of build investments.
Read all positive factors
Uniti Group (UNIT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.86B
Dividend YieldN/A
Average Volume (3M)2.47M
Price to Earnings (P/E)1.0
Beta (1Y)0.66
Revenue Growth91.49%
EPS Growth845.94%
CountryUS
Employees758
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)-1.19
Shares Outstanding239,073,230
10 Day Avg. Volume2,296,836
30 Day Avg. Volume2,465,064
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)3.48
Price to Sales (P/S)0.59
P/FCF Ratio-2.88
Enterprise Value/Market Cap4.45
Enterprise Value/Revenue5.71
Enterprise Value/Gross Profit12.13
Enterprise Value/Ebitda11.62
Forecast
1Y Price Target
$8.92Price Target Upside-23.33% Downside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)-1.43
Revenue Forecast (FY)$3.63B
Uniti Group Business Overview & Revenue Model
Company Description
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications indu...
How the Company Makes Money
Uniti makes money primarily by monetizing communications infrastructure through long-term contracts and recurring monthly charges. Its key revenue streams include: (1) Leasing of network assets: Uniti generates revenue by leasing fiber and other c...
Uniti Group Key Performance Indicators (KPIs)
Any
Revenue by Segment
Revenue split across Uniti’s business lines (for example, fiber, legacy DSL, wholesale). Shows which segments drive top-line growth and where the company is exposed to concentration or industry shifts; changes in the mix reveal strategy progress and where future profits are likely to come from.
Revenue split across Uniti’s business lines (for example, fiber, legacy DSL, wholesale). Shows which segments drive top-line growth and where the company is exposed to concentration or industry shifts; changes in the mix reveal strategy progress and where future profits are likely to come from.
Data provided by:
The Fly
The FlyUniti Group Earnings Call Summary
Earnings Call Date:Mar 02, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 11, 2026
Earnings Call Sentiment Positive
The call emphasized substantial operational and strategic progress—closing a transformational merger, strong consumer fiber growth (Kinetic: record gross adds 38k, net adds 28k; consumer fiber revenue +24% YoY), expanding passings (+80k homes in Q4 to ~1.9M), and material wholesale/hyperscaler bookings (record MRR $1.7M) —alongside notable balance-sheet wins (debt yields down ~560 bps, successful ABS and debt refinancing). However, near-term consolidated revenue was down ~5% YoY in Q4 due to legacy copper/TDM declines, Uniti Solutions is expected to decline mid-teens YoY, and large hyperscaler deals create lumpiness in GAAP revenue recognition and increase near-term CapEx intensity (consolidated net CapEx ~ $1.4B in 2026). Overall, positive execution and sizable long-term opportunity outweigh the near-term headwinds and accounting lumpiness, while management acknowledges execution and competitive risks.Positive Updates
Transformative Merger and Leadership
Closed merger with Windstream in 2025, establishing a scaled national wholesale fiber footprint and a new insurgent leadership team with recent fiber-to-the-home experience; management cites strategic positioning to win large-scale fiber infrastructure deals.
Negative Updates
Consolidated Revenue Decline
Consolidated pro forma revenue was down ~5% year-over-year in Q4 2025, primarily due to continued declines in legacy copper, TDM services and Uniti Solutions, which are expected to weigh on consolidated revenue and EBITDA over the next couple of years.
Read all updates
Q4-2025 Updates
Positive
Negative
Transformative Merger and Leadership
Closed merger with Windstream in 2025, establishing a scaled national wholesale fiber footprint and a new insurgent leadership team with recent fiber-to-the-home experience; management cites strategic positioning to win large-scale fiber infrastructure deals.
Read all positive updates
Company Guidance
Uniti's 2026 guidance is capital‑intensive and growth‑focused: at Kinetic the company targets 2.30–2.35 million homes passed with fiber (pushing Kinetic >50% fiberized), 675k–700k fiber subs and $635–$655 million of consumer fiber revenue (≈25–30% YoY) while deploying roughly $1.2 billion of net CapEx; it expects Kinetic cost per passing of $900–$1,000 (blended $800–$900). For Fiber Infrastructure the midpoint outlook is ~$975 million revenue and $560 million contribution margin with ~$140 million net CapEx (~14% cap intensity), and management expects to build ~6,000 route miles over three years to generate ~ $1 billion cumulative non‑recurring cash revenue and up to $25 million recurring cash revenue by 2028 (plus ~ $500 million one‑time revenue after 2030), driving blended anchor lease‑up cash yields of ~34%. Consolidated 2026 guidance at the midpoint is roughly $3.63 billion of revenue, $1.45 billion of adjusted EBITDA and ~$1.4 billion of net CapEx; recent Q4 momentum cited includes 80k new homes passed at Kinetic (ending ~1.9M homes passed), 535k total fiber subs, 38k gross adds / 28k net adds, 29% fiber penetration (+30 bps q/q, +150 bps y/y), Kinetic consumer fiber revenue +24% YoY, Fiber Infrastructure bookings MRR of $1.7M, and longer‑term targets of 3.5M homes passed and 1.25M fiber subs by 2029.Uniti Group Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
24
Negative
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.23B | 1.17B | 1.15B | 1.13B | 1.10B |
| Gross Profit | 825.30M | 1.17B | 992.42M | 1.13B | 946.11M |
| EBITDA | 1.14B | 879.31M | 889.68M | 641.76M | 844.93M |
| Net Income | 1.30B | 93.41M | -81.71M | -8.28M | 123.66M |
Balance Sheet | |||||
| Total Assets | 12.04B | 5.28B | 5.03B | 4.85B | 4.81B |
| Cash, Cash Equivalents and Short-Term Investments | 134.10M | 155.59M | 62.26M | 43.80M | 58.90M |
| Total Debt | 10.02B | 5.88B | 5.63B | 5.27B | 5.16B |
| Total Liabilities | 11.66B | 7.73B | 7.51B | 7.12B | 6.92B |
| Stockholders Equity | 380.30M | -2.45B | -2.49B | -2.27B | -2.13B |
Cash Flow | |||||
| Free Cash Flow | -459.60M | 11.86M | -63.87M | 32.55M | 113.30M |
| Operating Cash Flow | 350.20M | 366.69M | 353.13M | 460.12M | 499.16M |
| Investing Cash Flow | -1.01B | -272.20M | -411.31M | -392.02M | -321.22M |
| Financing Cash Flow | 611.80M | 27.08M | 76.64M | -78.58M | -196.57M |
Uniti Group Technical Analysis
Positive
11.63
Price Trends
8.66
Positive
7.91
Positive
7.31
Positive
Market Momentum
0.86
Negative
84.11
Negative
93.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UNIT, the sentiment is Positive. The current price of 11.63 is above the 20-day moving average (MA) of 9.64, above the 50-day MA of 8.66, and above the 200-day MA of 7.31, indicating a bullish trend. The MACD of 0.86 indicates Negative momentum. The RSI at 84.11 is Negative, neither overbought nor oversold. The STOCH value of 93.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UNIT.
Uniti Group Risk Analysis
Uniti Group disclosed 27 risk factors in its most recent earnings report. Uniti Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Uniti Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $109.35B | 55.55 | 9.59% | 2.47% | 5.36% | 60.77% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $83.11B | 32.56 | 68.13% | 3.76% | -1.48% | 11.94% | |
63 Neutral | $23.28B | 19.68 | -21.40% | 2.31% | 5.06% | 41.27% | |
59 Neutral | $2.86B | 1.02 | -132.88% | ― | 91.49% | 845.94% | |
55 Neutral | $37.68B | 58.69 | -65.88% | 5.44% | -29.63% | ― | |
54 Neutral | $18.05B | 57.73 | 3.41% | 3.57% | -3.07% | -17.56% |
* Real Estate Sector Average
UNIT
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Uniti Group Corporate Events
Business Operations and StrategyDividendsRegulatory Filings and Compliance
Uniti Group Updates Series A Preferred Dividend Election Terms
Neutral
Apr 14, 2026
On April 13, 2026, Uniti Group Inc. filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation with the Delaware Secretary of State. The amendment changes the notification deadline for holders electing the met...
Business Operations and StrategyPrivate Placements and Financing
Uniti Group Completes $1 Billion Senior Notes Offering
Positive
Feb 4, 2026
On February 4, 2026, Uniti Services LLC and affiliated issuers, all subsidiaries of Uniti Group Inc., completed a $1 billion private offering of 8.625% senior notes due 2032, issued at 100.25% of principal plus accrued interest from December 15, 2...
Business Operations and StrategyPrivate Placements and Financing
Uniti Group Launches Major Fiber Network Securitization Financing
Positive
Feb 3, 2026
On January 30, 2026, Kinetic ABS Issuer LLC, an indirect, bankruptcy-remote subsidiary of Uniti Group Inc., completed a $960.1 million private offering of secured fiber network revenue term notes as part of the company’s inaugural fiber-to-t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.