HIGHOutside partyCustomer
top five customers
“10-K Item 1: 'Sales to our top five customers, with whom we have long-standing relationships, have accounted for more than 50% of our consolidated revenues for each of the past three fiscal years.'”
UVV · Concentration risk · 10-K extracted
Universal (UVV) concentration risks
Updated
The most significant concentration Universal discloses is top five customers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Universal’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM1
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
raw materials sourced from a limited number of regions
“10-K Item 1A: 'Many of our plant-based ingredients product lines are manufactured at a single location or require raw materials that are currently sourced from a limited number of regions.'”
LOWOutside partyCustomer
Imperial Brands plc
“10-K Item 1: 'For the fiscal year ended March 31, 2026, each of Imperial Brands plc and Philip Morris International Inc., including their respective affiliates, accounted for 10% or more of our revenues.'”
LOWOutside partyCustomer
Philip Morris International Inc.
“10-K Item 1: 'For the fiscal year ended March 31, 2026, each of Imperial Brands plc and Philip Morris International Inc., including their respective affiliates, accounted for 10% or more of our revenues.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Universal's customer base is highly concentrated: sales to its top five customers have exceeded 50% of consolidated revenues in each of the past three fiscal years, and two of those relationships are named individually — Imperial Brands plc and Philip Morris International Inc., each accounting for 10% or more of revenues in fiscal 2026. Both are long-standing tobacco-industry counterparties rather than diversified buyers, so the loss of either would be felt, though the disclosed share for each sits at the lower end of the reporting threshold. On the supply side, several plant-based ingredient product lines are manufactured at a single location or sourced from a limited number of regions — a dependency that could disrupt production if a regional supply shock occurred, though it does not rise to the same disclosed share as the customer concentration. Taken together, the picture is one of two related but distinct exposures: a broad-based, high-share reliance on a handful of large customers with long relationships, and a narrower, moderate supply-side dependency tied to sourcing geography. Neither is described as a near-term threat, but the customer concentration is the more structurally significant of the two given its share of revenue, while the supplier and named-customer items function more as concentrated dependencies to monitor.
For the engine’s reasoning on UVV’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Tobacco
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| MO | Altria Group, Inc. | 2 | 0 | 0 | 2 |
| UVV● | Universal Corporation | 1 | 1 | 2 | 4 |
| PM | Philip Morris International Inc | 0 | 1 | 3 | 4 |
| TPB | Turning Point Brands, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.