Universal Technical Institute Inc (NYSE: UTI) is a post-secondary vocational education company that trains students for careers in transportation, skilled trades, and healthcare. Revenue comes from tuition charged to enrolled students across two operating segments: UTI, which focuses on automotive, diesel, collision, aviation, welding, HVAC, CNC machining, and related trades programs, and Concorde, which delivers healthcare programs including nursing, dental hygiene, medical assisting, and allied health fields. UTI segment generated $486.4 million in revenue for the year ended September 30, 2024, while Concorde contributed $246.3 million, for consolidated revenue of $732.7 million. Total consolidated new student starts reached 29,793 for the year ended September 30, 2025, up 10.8% from 26,885 in the prior year. UTI operates campuses across more than a dozen states, with main institutions in Arizona, Texas, Michigan, California, Florida, North Carolina, Pennsylvania, and New Jersey, among others. The company acquired Concorde in December 2022.

Revenue model

Tuition-based revenue from enrolled students. Students pay per program, with enrollment rolling throughout the year. New student starts and average full-time active student counts are the primary volume drivers. For the year ended September 30, 2024, consolidated revenue was $732.7 million across the UTI and Concorde segments.

Products and services

UTI segment programs include Automotive (est. 1965), Diesel (est. 1970), Automotive/Diesel, Collision Repair and Refinishing (est. 1999), Airframe and Powerplant (est. 1969), Aviation Maintenance Technology (est. 2012), CNC Machining (est. 2017), welding, HVAC, marine and motorcycle, robotics, and wind turbine service. Concorde segment programs include Practical/Vocational Nursing (est. 1996), Nursing Practice (est. 2016), Dental Hygiene, Medical Assisting, Pharmacy Technician (est. 1999), Physical Therapist Assistant (est. 2011), Occupational Therapy Assistant (est. 2012), Polysomnographic Technology (est. 2012), and others.

Customers and end markets

Individual students seeking entry-level technician or healthcare support positions. End employers include OEM dealerships, independent automotive and diesel repair facilities, aviation repair stations, hospitals, clinics, dental offices, skilled nursing facilities, and rehabilitation centers. UTI maintains relationships with original equipment manufacturers and thousands of local employers to align curricula with hiring needs.

Value-chain role

Post-secondary vocational training provider positioned between secondary education and direct employment. UTI works with OEM brand partners for equipment sponsorship, licensing, and curriculum alignment. Concorde partners with dental offices, medical offices, clinics, and hospitals for clinical training placements. Both segments target entry-level job placement as the output metric.

Geographic exposure

United States only, based on filing excerpts. UTI campuses are located in Arizona, Illinois, California, Florida, North Carolina, Michigan, Texas, Pennsylvania, New Jersey, and other states. Concorde campuses include locations in California, Texas, Florida, Kansas, Missouri, Colorado, Oregon, and Tennessee, among others.

Source: SEC 10-K, filed 2025-11-26

Industry: Services-Educational Services Peers: 2U, LLC American Public Education Inc Perdoceo Education Corp Duolingo Inc EpicQuest Education Group International Ltd Lincoln Educational Services Corp Nerdy Inc