ULBI

Company Overview — What Does ULTRALIFE CORP Do?

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables. The Communications Systems segment provides communications systems and accessories to support military communications systems, such as radio frequency amplifiers, power supplies and cables, connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, and integrated communication systems for fixed or vehicle applications comprising vehicle adapters, vehicle installed power enhanced rifleman appliqué systems, and SATCOM systems. This segment's military communications systems and accessories are designed to enhance and extend the operation of communications equipment, such as vehicle-mounted, manpack, and handheld transceivers. It sells its products under the Ultralife, Ultralife Thin Cell, Utralife HiRate, Ultralife and design, Ultra, Lithium Power, LithiumPower and Design, McDowell Research, AMTI, ABLE, ACCUTRONICS, ACCUPRO, ENTELLION, SWE Southwest Electronic Energy Group, SWE DRILL-DATA, and SWE SEASAFE brands through original equipment manufacturers, and industrial and defense supply distributors, as well as directly to the United States and international defense departments. In addition, the company sells its 9-volt battery to the broader consumer market through national and regional retail chains and online retailers. Ultralife Corporation serves government, defense, and commercial sectors. The company was incorporated in 1990 and is headquartered in Newark, New York. ULTRALIFE CORP (ULBI) is classified as a micro-cap stock in the Industrials sector, specifically within the Electrical Equipment industry. The company is led by CEO Michael E. Manna and employs approximately 560 people, headquartered in NEWARK, New York. With a market capitalization of $110M, ULBI is one of the notable companies in the Industrials sector.

ULTRALIFE CORP (ULBI) Stock Rating — Hold (April 2026)

As of April 2026, ULTRALIFE CORP receives a Hold rating with a composite score of 40.2/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.ULBI ranks #1,655 out of 4,446 stocks in our coverage universe. Within the Industrials sector, ULTRALIFE CORP ranks #259 of 752 stocks, placing it in the upper half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

ULBI Stock Price and 52-Week Range

ULTRALIFE CORP (ULBI) currently trades at $6.79. The stock lost $0.05 (0.8%) in the most recent trading session. The 52-week high for ULBI is $9.52, which means the stock is currently trading -28.6% from its annual peak. The 52-week low is $4.07, putting the stock 67.0% above its annual trough. Recent trading volume was 9K shares, suggesting relatively thin trading activity.

Is ULBI Overvalued or Undervalued? — Valuation Analysis

ULTRALIFE CORP (ULBI) carries a value factor score of 27/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 63.03x, compared to the Industrials sector average of 28.33x — a premium of 122%. The price-to-book ratio stands at 0.86x, versus the sector average of 2.23x. The price-to-sales ratio is 0.63x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, ULBI trades at 21.53x EV/EBITDA, versus 5.70x for the sector.

At current multiples, ULTRALIFE CORP trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

ULTRALIFE CORP Profitability — ROE, Margins, and Quality Score

ULTRALIFE CORP (ULBI) earns a quality factor score of 43/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 1.4%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 0.8% versus the sector average of 3.3%.

On a margin basis, ULTRALIFE CORP reports gross margins of 23.9%, compared to 35.8% for the sector. The operating margin is 2.6% (sector: 6.2%). Net profit margin stands at 0.8%, versus 3.9% for the average Industrials stock. Revenue growth is running at 0.9% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

ULBI Debt, Balance Sheet, and Financial Health

ULTRALIFE CORP has a debt-to-equity ratio of 67.0%, compared to the Industrials sector average of 70.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.83x, indicating strong short-term liquidity. Total debt on the balance sheet is $50M. Cash and equivalents stand at $9M.

ULBI has a beta of 1.25, meaning it is more volatile than the broader market — a $10,000 investment in ULBI would be expected to move 24.7% more than the S&P 500 on any given day. The stability factor score for ULTRALIFE CORP is 39/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

ULTRALIFE CORP Revenue and Earnings History — Quarterly Trend

In TTM 2026, ULTRALIFE CORP reported revenue of $178M and earnings per share (EPS) of $-35.00. Net income for the quarter was $2M. Gross margin was 23.9%. Operating income came in at $5M.

In FY 2025, ULTRALIFE CORP reported revenue of $191M and earnings per share (EPS) of $-35.00. Net income for the quarter was $-6M. Gross margin was 24.1%. Revenue grew 16.2% year-over-year compared to FY 2024. Operating income came in at $-6M.

In Q3 2025, ULTRALIFE CORP reported revenue of $43M and earnings per share (EPS) of $-0.07. Net income for the quarter was $-1M. Gross margin was 22.2%. Revenue grew 21.5% year-over-year compared to Q3 2024. Operating income came in at $-951,000.

In Q2 2025, ULTRALIFE CORP reported revenue of $49M and earnings per share (EPS) of $0.05. Net income for the quarter was $870,000. Gross margin was 23.9%. Revenue grew 13.0% year-over-year compared to Q2 2024. Operating income came in at $2M.

Over the past 8 quarters, ULTRALIFE CORP has demonstrated a growth trajectory, with revenue expanding from $43M to $178M. Investors analyzing ULBI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

ULBI Dividend Yield and Income Analysis

ULTRALIFE CORP (ULBI) does not currently pay a dividend. This is common among smaller companies in the Electrical Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

ULBI Momentum and Technical Analysis Profile

ULTRALIFE CORP (ULBI) has a momentum factor score of 46/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 33/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 47/100 reflects moderate short selling activity.

ULBI vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, ULTRALIFE CORP (ULBI) ranks #259 out of 752 stocks based on the Blank Capital composite score. This places ULBI in the upper half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing ULBI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ULBI vs S&P 500 (SPY) comparison to assess how ULTRALIFE CORP stacks up against the broader market across all factor dimensions.

ULBI Next Earnings Date

No upcoming earnings date has been announced for ULTRALIFE CORP (ULBI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy ULBI? — Investment Thesis Summary

ULTRALIFE CORP presents a balanced picture with arguments on both sides. The value score of 27/100 indicates premium valuation. High volatility (stability score 39/100) increases portfolio risk.

In summary, ULTRALIFE CORP (ULBI) earns a Hold rating with a composite score of 40.2/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ULBI stock.

Related Resources for ULBI Investors

Explore more research and tools: ULBI vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ULBI head-to-head with peers: ULBI vs SOBO, ULBI vs TEN, ULBI vs GLDD.