UNIVERSAL STAINLESS & ALLOY PRODUCTS INC
USAPMaterials · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $285.9M | $202.1M | $155.9M | $179.7M | $243.0M | $255.9M |
| Operating income | $13.8M | −$7.0M | −$12.3M | −$22.4M | $7.3M | $16.1M |
| Net income | $4.9M | −$8.1M | −$758,000 | −$19.0M | $4.3M | $10.7M |
| Total assets | $356.7M | $363.3M | $330.6M | $303.0M | $368.4M | $353.3M |
| Total liabilities | $130.6M | $143.6M | $104.3M | $77.4M | $125.3M | $116.3M |
| Equity | $226.0M | $219.8M | $226.3M | $225.7M | $243.1M | $237.0M |
| EPS (diluted) | $0.53 | $-0.90 | $-0.09 | $-2.16 | $0.48 | $1.28 |
| Shares out. | 9.0M | 8.9M | 8.9M | 8.8M | 8.8M | 7.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- 4.8%
- Net margin
- 1.7%
- Return on equity
- 2.2%
- Return on assets
- 1.4%
- Return on capital (ROCE)
- 4.4%
- Liabilities / assets
- 36.6%
- Debt / equity
- 0.58×
- Book value / share
- $24.98
- Revenue growth (YoY)
- 41.5%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- 6.00safe
- Accruals / assets
- −5.7%clean
- Beneish M-Score
- -2.90normal
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 6 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 15, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Aegis Financial CorpPassive (13G)May 2, 2025
- Next Century Growth Investors LlcPassive (13G)Feb 13, 2025
- Minerva Advisors LlcPassive (13G)Feb 5, 2025
- Vanguard Group IncPassive (13G)Jan 31, 2025
- Magnetar Financial LlcActivist (13D)Jan 27, 2025
- Dimensional Fund Advisors LpPassive (13G)Jan 23, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Mcintosh GrahamOfficer — Executive VP & Chief Technolog | Jan 23, 2025 | D | 55,364 | $45.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventJan 23, 2025
- Shareholder vote · Other material eventJan 15, 2025
- Results of operationsOct 30, 2024
- Entered a material agreement · Other material eventOct 17, 2024
- New financial obligationJul 31, 2024
- Other material eventJul 25, 2024
- Other material eventJul 3, 2024
- Shareholder voteMay 14, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13G/AMay 2, 2025
- SCHEDULE 13G/AFeb 13, 2025
- SCHEDULE 13G/AFeb 5, 2025
- 15-12GFeb 3, 2025
- SCHEDULE 13G/AJan 31, 2025
- SCHEDULE 13D/AJan 27, 2025
- SCHEDULE 13G/AJan 23, 2025
- 4Jan 23, 2025
- 4Jan 23, 2025
- 4Jan 23, 2025
- 4Jan 23, 2025
- 4Jan 23, 2025
- 4Jan 23, 2025
- 4Jan 23, 2025
- 4Jan 23, 2025
Event-driven situations (2)
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