Tearsheet

Unisys (UIS)


Market Price (12/27/2025): $2.87 | Market Cap: $204.6 Mil
Sector: Information Technology | Industry: IT Consulting & Other Services

Unisys (UIS)


Market Price (12/27/2025): $2.87
Market Cap: $204.6 Mil
Sector: Information Technology
Industry: IT Consulting & Other Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36%
Weak multi-year price returns
2Y Excs Rtn is -95%, 3Y Excs Rtn is -122%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 219%
1 Megatrend and thematic drivers
Megatrends include Cybersecurity, Cloud Computing, and Automation & Robotics. Themes include Cloud Security, Show more.
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7%, Rev Chg QQuarterly Revenue Change % is -7.4%
2   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12%
3   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -165%
4   Key risks
UIS key risks include [1] a substantial reliance on government and public sector contracts and [2] execution risk in its turnaround strategy to achieve sustainable profitability after a history of operating losses.
0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36%
1 Megatrend and thematic drivers
Megatrends include Cybersecurity, Cloud Computing, and Automation & Robotics. Themes include Cloud Security, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -95%, 3Y Excs Rtn is -122%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 219%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7%, Rev Chg QQuarterly Revenue Change % is -7.4%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -165%
7 Key risks
UIS key risks include [1] a substantial reliance on government and public sector contracts and [2] execution risk in its turnaround strategy to achieve sustainable profitability after a history of operating losses.

Valuation, Metrics & Events

UIS Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

The Unisys (UIS) stock experienced a significant decline of approximately 26.9% between August 31, 2025, and December 27, 2025. This movement can be attributed to several key factors during this period.

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<b>1. Unisys Reported a Q3 Loss and Missed Revenue Estimates in November 2025:</b> Unisys reported a quarterly loss of $0.08 per share in Q3 2025, although this was better than the Zacks Consensus Estimate of a $0.27 loss. However, the company's revenues of $460.2 million for the quarter ended September 2025 missed the Zacks Consensus Estimate by 5.11% and were lower than the $497 million from the prior year. This marks only one time in the last four quarters that Unisys topped consensus revenue estimates. The stock had already lost about 46.8% since the beginning of 2025 by this point.

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<b>2. Negative Financial Forecasts and Analyst Revisions:</b> Leading up to and during this period, some financial forecasts for Unisys were unfavorable. Although some analysts still held a "Buy" rating, the consensus rating was closer to "Hold" from various firms. For example, Unisys' current full-year earnings consensus was $0.61 per share, with some analysts forecasting Q1 2026 earnings at $0.11 EPS, Q2 at $0.20 EPS, and Q4 at $0.18 EPS. The stock also had a negative net margin of approximately 17.1% and a negative return on equity of 11.31%, underscoring ongoing profitability issues.

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<b>3. Broader Market Sentiment and Technical Indicators:</b> By late December 2025, the overall sentiment for UIS, according to technical indicators, was "Bearish" with the Fear & Greed Index showing "Fear." While some short-term moving averages showed "buy signals," longer-term indicators were "sell signals," suggesting potential challenges for new positions. Unisys shares had seen a 7.11% decline over a 10-day period leading up to December 24, 2025.

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<b>4. Mixed Q1 and Q2 2025 Performance with Cautious Outlook:</b> In Q1 2025, Unisys reported a revenue decline of 11.4% year-over-year, driven by delays in software license renewals and reduced project activity. While the net loss narrowed and backlog grew, gross profit margin fell. Although Q2 2025 results saw an 8.4% jump in after-hour trading due to beating earnings and revenue estimates and raising the 2025 operating margin guidance, the company also narrowed its constant-currency revenue guidance for 2025, citing timing effects and caution regarding macro demand. This mixed performance and conservative outlook likely contributed to investor uncertainty over the subsequent months.

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<b>5. Absence of Major Positive Catalysts for Stock Price Recovery:</b> While Unisys received several positive recognitions and awards in late 2025 for its digital workplace services and AI innovations, such as being ranked first in several categories in the 2025 Gartner Critical Capabilities Report and named a leader in IDC and Avasant reports, these positive developments did not translate into a significant reversal of the stock's downward trend during the specified period. These positive news items, while demonstrating strong operational performance in certain areas, were not sufficient to counteract the broader financial concerns and negative market sentiment affecting the stock price.

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Stock Movement Drivers

Fundamental Drivers

The -28.1% change in UIS stock from 9/26/2025 to 12/26/2025 was primarily driven by a -26.7% change in the company's P/S Multiple.
926202512262025Change
Stock Price ($)3.982.86-28.14%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1957.801921.00-1.88%
P/S Multiple0.140.11-26.72%
Shares Outstanding (Mil)71.2671.30-0.06%
Cumulative Contribution-28.14%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025
ReturnCorrelation
UIS-28.1% 
Market (SPY)4.3%52.2%
Sector (XLK)5.1%43.4%

Fundamental Drivers

The -36.3% change in UIS stock from 6/27/2025 to 12/26/2025 was primarily driven by a -34.1% change in the company's P/S Multiple.
627202512262025Change
Stock Price ($)4.492.86-36.30%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1952.701921.00-1.62%
P/S Multiple0.160.11-34.15%
Shares Outstanding (Mil)70.1171.30-1.70%
Cumulative Contribution-36.32%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025
ReturnCorrelation
UIS-36.3% 
Market (SPY)12.6%51.8%
Sector (XLK)17.0%38.4%

Fundamental Drivers

The -56.8% change in UIS stock from 12/26/2024 to 12/26/2025 was primarily driven by a -53.3% change in the company's P/S Multiple.
1226202412262025Change
Stock Price ($)6.622.86-56.80%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2020.601921.00-4.93%
P/S Multiple0.230.11-53.28%
Shares Outstanding (Mil)69.3671.30-2.80%
Cumulative Contribution-56.83%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025
ReturnCorrelation
UIS-56.8% 
Market (SPY)15.8%53.2%
Sector (XLK)22.3%51.5%

Fundamental Drivers

The -38.2% change in UIS stock from 12/27/2022 to 12/26/2025 was primarily driven by a -33.6% change in the company's P/S Multiple.
1227202212262025Change
Stock Price ($)4.632.86-38.23%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1962.201921.00-2.10%
P/S Multiple0.160.11-33.63%
Shares Outstanding (Mil)67.7971.30-5.18%
Cumulative Contribution-38.39%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025
ReturnCorrelation
UIS-51.4% 
Market (SPY)48.0%37.6%
Sector (XLK)53.7%34.0%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
UIS Return66%5%-75%10%13%-56%-76%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
UIS Win Rate50%67%50%50%58%33% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
UIS Max Drawdown-28%-9%-80%-49%-38%-62% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See UIS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventUISS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-90.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven970.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-52.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven108.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven278 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-68.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven221.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven492 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-96.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven2809.1%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Unisys's stock fell -90.7% during the 2022 Inflation Shock from a high on 6/8/2021. A -90.7% loss requires a 970.3% gain to breakeven.

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About Unisys (UIS)

Unisys Corporation, together with its subsidiaries, operates as an information technology services company worldwide. It operates in Digital Workplace Solutions (DWS); Cloud and Infrastructure Solutions (C&I); and Enterprise Computing Solutions (ECS) segments. The DWS segment provides solutions that transform digital workplaces securely and create exceptional end-user experiences. The C&I segment offers solutions that drive modern IT service platforms, cloud applications development, intelligent services, and cybersecurity services. The ECS segment provides solutions that harness secure, continuous high-intensity computing, and enable digital services through software-defined operating environments. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; PowerSuite, a packaged software tool used by enterprise IT to monitor, analyze, troubleshoot and secure collaboration, and communications multi-platform environments; Unisys ClearPath Forward, a software operating environment for high-intensity enterprise computing; and Unisys Stealth security software, which enables trusted identities to access micro-segmented critical assets and safely communicate through secure and encrypted channels. In addition, the company provides industry solutions, which help law enforcement agencies solve crime; social services case workers assist families; travel and transportation companies manage freight and distribution; and financial institutions deliver omnichannel banking. It serves customers in the government, financial services, and commercial markets through direct sales force, distributors, resellers, and alliance partners. Unisys Corporation was founded in 1886 and is based in Blue Bell, Pennsylvania.

AI Analysis | Feedback

Similar to IBM's enterprise IT services arm, focused on critical IT infrastructure for large organizations and governments.

Like a specialized Accenture or DXC Technology, providing digital transformation and managed IT services for complex client environments.

AI Analysis | Feedback

  • Digital Workplace Services: Provides solutions to enhance employee experience and productivity through unified communications, desktop management, and support services.
  • Cloud and Infrastructure Services: Delivers managed services for public, private, and hybrid cloud environments, along with IT infrastructure management and modernization.
  • Application Services: Offers services for developing, modernizing, integrating, and managing business applications across various platforms.
  • Enterprise Computing Solutions: Includes their ClearPath Forward® software and server platforms, along with related specialized services for mission-critical operations.
  • Security Solutions: Provides a range of cybersecurity services, including consulting, managed security, and identity and access management to protect digital assets.

AI Analysis | Feedback

Unisys (UIS) is a global information technology company that sells primarily to other companies (B2B) and government entities (B2G), rather than directly to individuals. While Unisys does not publicly disclose individual major customer companies by name due to client confidentiality and the diversified nature of its customer base (no single client accounts for more than 10% of its revenue), it focuses on providing solutions and services to clients within specific key sectors. These sectors represent its major customer categories:

  • Government Entities: This includes U.S. Federal agencies, as well as state, local, and international government organizations.
  • Financial Services Companies: Clients in this sector typically include banks, credit unions, insurance companies, and other capital markets firms.
  • Commercial Enterprises: This broad category encompasses various industries, including:
    • Transportation Companies: Such as airlines and logistics providers.
    • Life Sciences & Healthcare Companies: Including pharmaceutical companies and healthcare providers.
    • Other large enterprises across diverse commercial markets.

AI Analysis | Feedback

  • Microsoft (MSFT)
  • Amazon Web Services (AMZN)
  • Google Cloud (GOOGL)
  • ServiceNow (NOW)
  • Dell Technologies (DELL)
  • Palo Alto Networks (PANW)

AI Analysis | Feedback

Peter A. Altabef, Chairman & CEO

Peter A. Altabef has served as Chairman of the Board of Unisys since April 2018 and as CEO since January 2015. He also held the position of President of the company for several periods. Prior to joining Unisys, Mr. Altabef served as President and CEO of MICROS Systems, Inc., which was sold to Oracle for over five billion dollars in 2014. He was also President and CEO of Perot Systems Corporation, and President of Dell Services, Dell's information technology services and business process solutions unit. He became the general counsel of Perot Systems in 1993 and was named the company's president and CEO in 2004.

Mike Thomson, President & Chief Operating Officer (Incoming CEO effective April 1, 2025)

Mike Thomson is currently the President and Chief Operating Officer of Unisys, and will succeed Peter Altabef as CEO on April 1, 2025. He joined Unisys in 2015 as the Corporate Controller and Principal Accounting Officer, became Chief Financial Officer in 2019, and was named President and COO in 2021. Mr. Thomson has over 25 years of experience in progressively senior roles across various industries.

Debra McCann, Executive Vice President & Chief Financial Officer

Debra McCann was appointed Executive Vice President and Chief Financial Officer of Unisys, effective May 2, 2022. In this role, she leads the finance function, including controllership, investor relations, financial planning and analysis (FP&A), treasury, tax, and internal audit. Prior to joining Unisys, Ms. McCann served as Treasurer and Senior Vice President of Investor Relations and Corporate FP&A at Dun & Bradstreet (D&B). Her background also includes roles at Cegedim, IQVIA, and AT&T.

Dwayne Allen, Senior Vice President & Chief Technology Officer

Dwayne Allen serves as Senior Vice President and Chief Technology Officer at Unisys, a position he has held since April 2021. He focuses on strategic growth priorities such as Generative AI and Agentic AI, and is responsible for innovation, intellectual property, patents, and architecture orchestration. Mr. Allen has extensive experience driving digital and IT outcomes across multiple industries globally. His prior executive roles include Global Digital Strategist at Microsoft, CIO at Masonite International, CIO of the Components segment at Cummins Inc., Division Chief Information Officer at Wells Fargo & Co., and Vice President of IT at Fifth Third Bancorp. He has executed over 25 acquisitions and 5 divestitures. He is also currently on the board of directors at Cross Country Healthcare and The Bancorp.

Jeff Renzi, President, Global Sales

Jeff Renzi serves as the President, Global Sales at Unisys, responsible for the company's sales strategy and market expansion. His career spans over 40 years, including leadership roles at Electronic Data Systems (1989-2003), where he was Director of Corporate Sales Leadership. He then joined Perot Systems in 2003 as Executive Vice President and Corporate Officer for Global Sales and Marketing, playing an instrumental role in positioning the company for its acquisition by Dell Corporation. Following the acquisition, he held positions at Dell Services, including Chief Sales Officer for the global services sales organization and Vice President of the commercial and large enterprise group. He also served as Senior Vice President of Sales and Marketing at Arise Virtual Solutions Inc. before joining Unisys in 2014.

AI Analysis | Feedback

The key risks to Unisys (UIS) are:

  1. Competitive Landscape and Rapid Technological Change: Unisys operates in a highly competitive and dynamic IT solutions industry, facing significant shifts driven by cloud computing, digital workplace solutions, and artificial intelligence (AI). The company must continuously adapt to these technological advancements and intense competition to maintain and grow its market share.

  2. Reliance on Government and Public Sector Contracts: A substantial portion of Unisys's revenue is derived from contracts with government and public sector clients. This client base subjects the company to rigorous audits, stringent compliance requirements, and potential changes in government spending priorities, which can lead to contract terminations, financial penalties, and volatility in anticipated revenues.

  3. Profitability Challenges and Turnaround Execution: Unisys has experienced operating at a GAAP loss and negative free cash flow. The company is currently undergoing a turnaround strategy aimed at reducing pension liabilities and focusing on higher-margin services, including AI-enabled IT services. The success of this turnaround and the ability to achieve sustainable profitability are subject to execution risks.

AI Analysis | Feedback

The rapid advancement and adoption of Generative AI and hyper-automation technologies (including low-code/no-code platforms) represent a clear emerging threat to Unisys's core business model. These technologies can significantly automate or augment tasks traditionally performed by human IT service providers, potentially reducing client demand for Unisys's services in areas such as application development and modernization, managed services, helpdesk support, and business process outsourcing. As clients leverage AI-driven tools and automation, they may perform more IT functions in-house or seek more specialized, AI-native providers, thereby commoditizing traditional service offerings and eroding Unisys's market share and profitability.

AI Analysis | Feedback

Unisys Corporation (NYSE: UIS) operates in several key segments, offering a range of IT services and solutions globally. The addressable markets for its main products and services are substantial and are projected to grow significantly in the coming years.

Digital Workplace Solutions (DWS)

Unisys's Digital Workplace Solutions focus on improving employee experience, collaboration, productivity, and IT support. The global digital workplace market was estimated at approximately USD 67.57 billion in 2025 and is projected to reach USD 161.82 billion by 2030, growing at a compound annual growth rate (CAGR) of 19.1% from 2025 to 2030. Other estimates place the global digital workplace market at USD 44.69 billion in 2025, with a projected increase to USD 183.34 billion by 2035, at a CAGR of 15.16%. North America held over 37.0% of the market share in 2024, with the U.S. market specifically expected to grow at a CAGR of 21.1% from 2025 to 2030. The managed digital workplace services market, a subset of DWS, is estimated at USD 56.18 billion in 2025 and is expected to reach USD 76.47 billion by 2030, growing at a CAGR of 6.36%.

Cloud, Applications & Infrastructure Solutions (CA&I)

This segment encompasses cloud migration and management, applications, cloud AI, cybersecurity, and data solutions.

Cloud and Infrastructure Services

The global cloud infrastructure services market was valued at USD 142.35 billion in 2024 and is projected to grow from USD 158.89 billion in 2025 to USD 396.01 billion by 2032, exhibiting a CAGR of 13.9%. Another report estimates the global cloud infrastructure sales at US$314 billion in 2025, projected to reach US$563.1 billion by 2032. The North American market accounted for more than 44% of the global cloud infrastructure services market in 2024. The U.S. cloud infrastructure services market alone was estimated at USD 45.24 billion in 2024 and is projected to reach approximately USD 217.65 billion by 2034, with a CAGR of 17.01% from 2025 to 2034.

Applications and Data Modernization

The global application modernization services market was valued at USD 19.85 billion in 2024 and is projected to grow from USD 22.92 billion in 2025 to reach USD 72.5 billion by 2033, growing at a CAGR of 15.48%. Other sources estimate the market to be worth USD 22.67 billion in 2025 and projected to reach USD 51.45 billion by 2031, with a CAGR of 14.6%. North America is the largest shareholder in this market and is estimated to grow at a CAGR of 14.6% over the forecast period. The broader Application Development and Modernization (ADM) Market is estimated to be USD 16.5 billion in 2025 and is projected to reach USD 48.2 billion by 2035, with a CAGR of 11.3%.

Cybersecurity Services

The global cybersecurity market size was valued at USD 173.5 billion in 2024 and is projected to grow to USD 424.9 billion by 2029, at a CAGR of 19.6% from 2024 to 2029. North America holds the largest share of the cybersecurity market.

Enterprise Computing Solutions (ECS)

Unisys's Enterprise Computing Solutions provide secure, high-performance processing for business operations, including mainframe optimization, application modernization, and cloud transitions. The global enterprise software market was estimated at USD 263.79 billion in 2024 and is projected to reach USD 517.26 billion by 2030, growing at a CAGR of 12.1% from 2025 to 2030. Another estimate places the market value at USD 280.49 billion in 2025, projected to reach USD 761.73 billion by 2034, growing at a CAGR of 11.74% from 2025 to 2034. North America held over 41% of the market share in 2024. The global enterprise software market is also projected to grow from 443.82 USD billion in 2025 to 1153.28 USD billion by 2035, exhibiting a CAGR of 10.02%.

AI Analysis | Feedback

Unisys (UIS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Growth in New Business and New Logo Signings: Unisys has demonstrated strong performance in securing new business, with a 29% increase in New Business Total Contract Value (TCV) in 2024, significantly driven by acquiring new clients. This expansion of their client base is considered a crucial foundation for future revenue growth.
  2. Expansion and Profitability of License and Support (L&S) Solutions: The company anticipates continued positive consumption trends and sustained client commitment to its highly profitable License and Support (L&S) platforms. Unisys has indicated expected incremental revenue upside and a focus on maintaining the profitability of these solutions.
  3. Demand for Modern IT Solutions, including AI, Cloud, and Cybersecurity: Unisys is benefiting from rising demand for digital transformation, AI, and cybersecurity services. The company's investments in providing more modern solutions are gaining traction with both new and existing clients, supporting growth in revenue and diversification of its pipeline.
  4. Improved Performance and Operational Efficiency in Ex-L&S Solutions: While the Ex-L&S (Excluding License and Support) segment has faced some revenue declines, Unisys is actively working to enhance its profitability and delivery efficiency within these solutions. The company expects new business signings in this area to contribute to growth closer to its long-term target rates for Ex-L&S revenue in 2025.
  5. Leveraging Public Sector Spending: Unisys is well-positioned to capitalize on increased IT spending by government agencies. The company has seen significant contributions to its new business signings from U.S. federal agencies and state government projects, with proposed budget increases in these sectors for the coming years indicating further opportunities.

AI Analysis | Feedback

Share Repurchases

  • Unisys reported $0 in share repurchases for the trailing twelve months ended June 2025.

Share Issuance

  • No material equity share issuances have been identified within the last 3-5 years. The increase in common stock issued from 74.0 million shares in 2023 to 75.6 million shares in 2024 represents a negligible dollar amount at a par value of $0.01 per share.

Outbound Investments

  • Unisys acquired Unify Square on June 3, 2021.
  • Unisys acquired Mobinergy on November 19, 2021.
  • The company continues to pursue a "build/partner/buy strategy" to enhance and expand its Next-Gen solution portfolio.

Capital Expenditures

  • Capital expenditures totaled approximately $40 million year-to-date through Q2 2025, with $20 million in Q1 2025 and $20 million in Q2 2025.
  • A significant portion of capital expenditures is directed towards the development of its License and Support (L&S) platform solutions.
  • Unisys maintains a capital-light strategy for its non-License and Support (Ex-L&S) solutions.

Better Bets than Unisys (UIS)

Trade Ideas

Select ideas related to UIS. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
14.4%14.4%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
13.1%13.1%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
17.3%17.3%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
12.0%12.0%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
5.5%5.5%0.0%

Recent Active Movers

More From Trefis

Peer Comparisons for Unisys

Peers to compare with:

Financials

UISHPQHPEIBMCSCOAAPLMedian
NameUnisys HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price2.8623.2624.49305.0978.16273.4051.32
Mkt Cap0.221.932.6284.9309.24,074.4158.8
Rev LTM1,92155,29534,29665,40257,696408,62556,496
Op Inc LTM443,6241,64411,54412,991130,2147,584
FCF LTM-2312,80062711,85412,73396,1847,327
FCF 3Y Avg-702,9781,40011,75313,879100,5037,366
CFO LTM-1683,6972,91913,48313,744108,5658,590
CFO 3Y Avg-03,6723,89613,49814,736111,5598,697

Growth & Margins

UISHPQHPEIBMCSCOAAPLMedian
NameUnisys HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM-4.9%3.2%13.8%4.5%8.9%6.0%5.2%
Rev Chg 3Y Avg-0.7%-3.9%6.5%2.6%3.7%1.8%2.2%
Rev Chg Q-7.4%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM-1.9%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM2.3%6.6%4.8%17.7%22.5%31.9%12.1%
Op Mgn 3Y Avg1.4%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM-13.0%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM-8.8%6.7%8.5%20.6%23.8%26.6%14.6%
CFO/Rev 3Y Avg-0.2%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM-12.0%5.1%1.8%18.1%22.1%23.5%11.6%
FCF/Rev 3Y Avg-3.7%5.5%4.6%18.6%24.6%25.6%12.1%

Valuation

UISHPQHPEIBMCSCOAAPLMedian
NameUnisys HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.221.932.6284.9309.24,074.4158.8
P/S0.10.41.04.45.410.02.7
P/EBIT-1.06.819.925.122.531.321.2
P/E-0.68.6572.736.029.941.033.0
P/CFO-1.25.911.221.122.537.516.2
Total Yield-161.1%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg-25.0%10.6%5.5%6.4%6.0%3.1%5.7%
D/E3.80.50.70.20.10.00.4
Net D/E2.20.30.60.20.00.00.3

Returns

UISHPQHPEIBMCSCOAAPLMedian
NameUnisys HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn8.3%-1.8%14.4%0.6%2.7%-1.5%1.7%
3M Rtn-28.1%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn-36.3%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-56.8%-27.3%14.2%39.2%33.7%6.0%10.1%
3Y Rtn-38.2%-3.8%67.7%139.0%79.5%113.4%73.6%
1M Excs Rtn10.2%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn-32.4%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-48.6%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-72.2%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-122.2%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Enterprise Computing Solutions (ECS)648670686660 
Digital Workplace Solutions (DWS)546510574588 
Cloud, Applications & Infrastructure Solutions (CA&I)531520486465 
Other revenue290280309313 
Elimination of intercompany revenue 0   
Services    1,893
Technology    330
Total2,0151,9802,0542,0262,223


Assets by Segment
$ Mil20242023202220212020
Enterprise Computing Solutions (ECS)568576594581 
Cash and cash equivalents388392553898 
Digital Workplace Solutions (DWS)379346354221 
Cloud, Applications & Infrastructure Solutions (CA&I)250268290204 
Deferred income taxes114119125136 
Other corporate assets11210675104 
Other assets8297207297 
Prepaid postretirement assets38120160188 
Operating lease right-of-use assets35426379 
Corporate    1,241
Services    864
Technology    399
Total1,9652,0662,4202,7082,504


Price Behavior

Price Behavior
Market Price$2.86 
Market Cap ($ Bil)0.2 
First Trading Date06/01/1972 
Distance from 52W High-60.0% 
   50 Days200 Days
DMA Price$2.99$3.93
DMA Trenddowndown
Distance from DMA-4.5%-27.2%
 3M1YR
Volatility57.2%56.7%
Downside Capture312.30260.04
Upside Capture91.92140.04
Correlation (SPY)52.1%52.9%
UIS Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta3.222.412.452.541.501.65
Up Beta2.162.122.272.891.261.36
Down Beta1.943.373.353.411.351.44
Up Capture153%49%72%82%115%627%
Bmk +ve Days13263974142427
Stock +ve Days9162652109352
Down Capture452%298%285%262%152%111%
Bmk -ve Days7162452107323
Stock -ve Days10243569135382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of UIS With Other Asset Classes (Last 1Y)
 UISSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-56.3%25.0%17.8%72.1%8.6%4.4%-8.3%
Annualized Volatility56.4%27.5%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-1.250.790.722.700.340.09-0.08
Correlation With Other Assets 51.4%53.0%2.1%13.1%40.0%26.9%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of UIS With Other Asset Classes (Last 5Y)
 UISSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-30.9%18.8%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility66.5%24.7%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio-0.250.690.700.970.500.160.57
Correlation With Other Assets 32.6%37.1%4.9%11.9%31.2%20.2%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of UIS With Other Asset Classes (Last 10Y)
 UISSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-12.8%22.5%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility62.0%24.2%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.050.850.710.860.320.220.90
Correlation With Other Assets 36.4%40.3%0.5%14.4%31.1%14.5%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity2,041,137
Short Interest: % Change Since 113020252.6%
Average Daily Volume727,946
Days-to-Cover Short Interest2.80
Basic Shares Quantity71,301,000
Short % of Basic Shares2.9%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/2025-20.2%-17.2%-17.5%
7/30/20251.7%-3.0%-3.4%
4/30/20252.0%19.4%20.2%
2/18/2025-11.2%-35.7%-36.3%
10/29/202433.8%38.1%50.9%
8/5/2024-7.8%-9.7%29.9%
5/7/2024-7.8%-6.0%-20.7%
2/21/2024-33.7%-27.8%-34.9%
...
SUMMARY STATS   
# Positive1079
# Negative111412
Median Positive4.7%9.7%20.2%
Median Negative-9.7%-14.1%-29.1%
Max Positive33.8%46.0%82.4%
Max Negative-48.3%-47.8%-54.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025731202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024221202510-K 12/31/2024
93020241030202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023226202410-K 12/31/2023
93020231107202310-Q 9/30/2023
6302023802202310-Q 6/30/2023
3312023502202310-Q 3/31/2023
12312022301202310-K 12/31/2022
93020221123202210-Q 9/30/2022
6302022803202210-Q 6/30/2022
3312022427202210-Q 3/31/2022
12312021222202210-K 12/31/2021