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Maker of salty snacks — potato chips, pretzels, cheese curls — sold under Utz and a portfolio of regional brands.
Maker of salty snacks — potato chips, pretzels, cheese curls — sold under Utz and a portfolio of regional brands.
Sells snacks both by delivering directly to stores through its own trucks and independent distributors, and by shipping to retailers' warehouses. It listed through a 2020 SPAC merger (a listed shell company) and has built its range by buying regional brands such as Golden Flake and Zapp's to widen beyond the Northeast US.
Moat: narrow (brand, distribution). Portfolio of regionally strong snack brands with direct-store-delivery distribution, competing against Frito-Lay's scale.
Headquarters: Hanover, Pennsylvania, US · Founded: 1921 · Employees: 3,300
Size UTZ Brands (UTZ) is a United States Consumer Staples company (Food: Specialty/Candy) with a market value of $2.05B, the 1773rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.24 on 6 Nov 2026.
Performance Over six months the shares gained 89.9%, against +2.4% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 1.9% over the last twelve months (peer median +3.0%); the operating margin is 3.9% (peer median 7.8%).
Valuation It trades at 17.9× forward earnings against a peer median of 20.0× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 32% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +23 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.8 points below its cost of capital (7.7% WACC).
Short interest Short interest is 5.2% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.45B | $1.44B | $1.41B | $1.44B | $1.41B |
| Revenue growth | — | +2% | -2% | +2% | — |
| Gross profit | $368M | $322M | $333M | $419M | $411M |
| EBITDA | $144M | $181M | $135M | $142M | $159M |
| Net income | -$29.0M | $800,000 | $15.9M | -$24.9M | -$392,000 |
| Free cash flow | $51.1M | $9.40M | $7.60M | $20.9M | -$39.8M |
| Capital expenditure | $64.5M | $103M | $108M | $55.7M | $88.0M |
| Total debt | $1.03B | $1.03B | $941M | $985M | $992M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| UTZ Brands UTZ | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
| Conagra Brands CAG | $7.28B | +8% | -2% | 11% | 10.6× | -4.9% |
| Campbell's CPB | $6.90B | +11% | -5% | 11% | 13.7× | -3.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UTZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.6% | +4.9% | 8th lowest of 21 |
| 6-month return | +89.9% | +2.4% | highest of 21 |
| Distance from 52-week high | -0.8% | -14.0% | highest of 21 |
| Revenue growth (TTM) | +1.9% | +3.0% | 9th lowest of 21 |
| Operating margin | 3.9% | 7.8% | 3rd lowest of 21 |
| Forward P/E | 17.9× | 20.0× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 31.8% | 0.2% | most demanding of 19 |
| Growth delivered (Del g) | +8.3% | +6.0% | 8th highest of 19 |
| Hurdle (Req g minus delivered) | +23.5 pp | -5.3 pp | most demanding of 19 |
| ROIC minus cost of capital | -5.8 pp | +2.9 pp | 2nd lowest of 21 |
| EV / EBITDA | 25.3× | 8.4× | 2nd most expensive of 15 |
| Net debt / EBITDA | 6.8× | 0.6× | most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| UTZ Brands UTZ | United States | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% | +8.3% |
| Chongqing Fuling Zhacai 002507.SZ | China | $2.04B | -6% | +3% | 28% | 18.0× | -0.9% | +1.4% |
| Nissui 1332.T | Japan | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% | +8.7% |
| Weilong Delicious Global 9985.HK | Hong Kong | $2.22B | -20% | +13% | 25% | 9.6× | -6.3% | +11.1% |
| Sichuan Teway Food 603317.SS | China | $2.24B | -18% | +22% | 21% | 20.4× | 2.9% | +7.8% |
| Gambol Pet 301498.SZ | China | $2.25B | -32% | +14% | 7% | 43.6× | n/a | n/a |
| Robertet RBT.PA | France | $1.84B | +4% | 0% | 15% | 18.3× | -0.4% | +9.4% |
| Anhui Jinhe Industrial 002597.SZ | China | $1.83B | -8% | +22% | 4% | 19.4× | 10.3% | +6.0% |
| Yantai North Andre Juice 2218.HK | Hong Kong | $2.31B | +27% | -14% | 18% | 21.9× | 21.9% | +14.0% |
| Cloetta CLA-B.ST | Sweden | $1.82B | +16% | 0% | 14% | 20.9× | -0.3% | +8.4% |
| Premier Foods PFD.L | United Kingdom | $2.34B | +3% | +2% | 18% | 12.6× | -1.3% | +4.4% |
| Kanematsu 8020.T | Japan | $2.35B | +2% | +4% | 5% | 9.6× | -2.4% | +10.5% |
| CALBEE 2229.T | Japan | $2.37B | +7% | +5% | 8% | 22.0× | -1.8% | +5.0% |
| Lotus 600186.SS | China | $2.37B | -18% | +21% | 13% | 35.2× | n/a | n/a |
| Nongshim 004370.KS | South Korea | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% | +5.9% |
| Corbion CRBN.AS | Netherlands | $1.73B | +37% | -3% | 8% | 19.6× | 11.5% | +5.1% |
| J & J Snack Foods JJSF | United States | $1.68B | +18% | -5% | 6% | 24.1× | 6.8% | +9.1% |
| Three Squirrels 300783.SZ | China | $1.66B | -12% | -13% | 2% | 21.5× | 19.5% | +0.8% |
| Nomad Foods NOMD | United States | $1.64B | +24% | +3% | 13% | 7.3× | -4.1% | +3.6% |
| Suedzucker SZU.DE | Germany | $2.57B | -5% | -5% | -3% | 34.2× | 0.7% | +4.6% |
| House Foods 2810.T | Japan | $2.58B | +49% | 0% | 6% | 27.2× | 5.0% | +4.9% |