UFP Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	597.95	504.42	400.07	353.79	206.32	179.37
Revenue Growth (YoY)	29.47%	26.08%	13.08%	71.48%	15.02%	-9.58%
Cost of Revenue	427.45	357.73	287.85	263.53	155.21	134.69
Gross Profit	170.5	146.69	112.23	90.26	51.11	44.68
Selling, General & Admin	75.09	62.22	50.89	45.8	29.48	27.49
Operating Expenses	75.09	62.22	50.89	45.8	29.48	27.49
Operating Income	95.41	84.48	61.34	44.46	21.63	17.19
Interest Expense	-11.25	-8.06	-3.65	-2.76	-0.04	-0.08
Other Non Operating Income (Expenses)	0.1	0.19	-0.12	0.08	0.03	-0.37
EBT Excluding Unusual Items	84.39	76.6	57.57	41.78	21.62	16.74
Merger & Restructuring Charges	-1.18	-2.52	-	-1.03	-0.43	-
Gain (Loss) on Sale of Assets	-0.11	-0.11	-0.15	21.8	0.01	-0.46
Other Unusual Items	-1.03	-0.95	-3.53	-9.84	-	-
Pretax Income	82.07	73.03	53.9	52.72	21.21	16.28
Income Tax Expense	14.95	14.04	8.98	10.93	5.32	2.91
Net Income	67.12	58.98	44.92	41.79	15.89	13.37
Net Income to Common	67.12	58.98	44.92	41.79	15.89	13.37
Net Income Growth	23.81%	31.29%	7.50%	163.06%	18.83%	-32.31%
Shares Outstanding (Basic)	8	8	8	8	8	7
Shares Outstanding (Diluted)	8	8	8	8	8	8
Shares Change (YoY)	0.64%	1.09%	0.50%	0.63%	0.62%	0.69%
EPS (Basic)	8.72	7.69	5.89	5.52	2.11	1.79
EPS (Diluted)	8.61	7.58	5.83	5.45	2.09	1.77
EPS Growth	23.11%	30.02%	6.97%	160.77%	18.08%	-32.70%
Free Cash Flow	87.43	56.94	30.84	3.96	8.9	20.67
Free Cash Flow Per Share	11.21	7.31	4.00	0.52	1.17	2.73
Gross Margin	28.51%	29.08%	28.05%	25.51%	24.77%	24.91%
Operating Margin	15.96%	16.75%	15.33%	12.57%	10.49%	9.58%
Profit Margin	11.22%	11.69%	11.23%	11.81%	7.70%	7.45%
Free Cash Flow Margin	14.62%	11.29%	7.71%	1.12%	4.31%	11.52%
EBITDA	114.38	99.28	72.8	56.35	30.04	25.46
EBITDA Margin	19.13%	19.68%	18.20%	15.93%	14.56%	14.19%
D&A For EBITDA	18.97	14.8	11.47	11.89	8.41	8.27
EBIT	95.41	84.48	61.34	44.46	21.63	17.19
EBIT Margin	15.96%	16.75%	15.33%	12.57%	10.49%	9.58%
Effective Tax Rate	18.21%	19.23%	16.66%	20.73%	25.08%	17.90%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.