How Universal makes money

Period

FY2026

How does Universal make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Universal Corporation · FY2026 · year ended 2026-03-31

Revenue$2.9BGross profit$473M · 16%Cost of revenue$2.4B · 84%Operating income$168M · 6%Operating expenses$304M · 11%SG&A$301M · 10%Pre-tax income$79M · 3%Other expense$89M · 3%Net income$33M · 1%Income tax$47M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.