UFP Technologies, Inc. (UFPT)

UFP Technologies Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	504.42	400.07	353.79	206.32	179.37
Revenue Growth (YoY)	26.08%	13.08%	71.48%	15.02%	-9.58%
Cost of Revenue	357.73	287.85	263.53	155.21	134.69
Gross Profit	146.69	112.23	90.26	51.11	44.68
Selling, General & Admin	62.22	50.89	45.8	29.48	27.49
Operating Expenses	62.22	50.89	45.8	29.48	27.49
Operating Income	84.48	61.34	44.46	21.63	17.19
Interest Expense	-8.06	-3.65	-2.76	-0.04	-0.08
Other Non Operating Income (Expenses)	0.19	-0.12	0.08	0.03	-0.37
EBT Excluding Unusual Items	76.6	57.57	41.78	21.62	16.74
Merger & Restructuring Charges	-2.52	-	-1.03	-0.43	-
Gain (Loss) on Sale of Assets	-0.11	-0.15	21.8	0.01	-0.46
Other Unusual Items	-0.95	-3.53	-9.84	-	-
Pretax Income	73.03	53.9	52.72	21.21	16.28
Income Tax Expense	14.04	8.98	10.93	5.32	2.91
Net Income	58.98	44.92	41.79	15.89	13.37
Net Income to Common	58.98	44.92	41.79	15.89	13.37
Net Income Growth	31.29%	7.50%	163.06%	18.83%	-32.31%
Shares Outstanding (Basic)	8	8	8	8	7
Shares Outstanding (Diluted)	8	8	8	8	8
Shares Change (YoY)	1.09%	0.50%	0.63%	0.62%	0.69%
EPS (Basic)	7.69	5.89	5.52	2.11	1.79
EPS (Diluted)	7.58	5.83	5.45	2.09	1.77
EPS Growth	30.02%	6.97%	160.77%	18.08%	-32.70%
Free Cash Flow	56.94	30.84	3.96	8.9	20.67
Free Cash Flow Per Share	7.31	4.00	0.52	1.17	2.73
Gross Margin	29.08%	28.05%	25.51%	24.77%	24.91%
Operating Margin	16.75%	15.33%	12.57%	10.49%	9.58%
Profit Margin	11.69%	11.23%	11.81%	7.70%	7.45%
Free Cash Flow Margin	11.29%	7.71%	1.12%	4.31%	11.52%
EBITDA	99.19	72.74	56.35	30.04	25.46
EBITDA Margin	19.66%	18.18%	15.93%	14.56%	14.19%
D&A For EBITDA	14.72	11.41	11.89	8.41	8.27
EBIT	84.48	61.34	44.46	21.63	17.19
EBIT Margin	16.75%	15.33%	12.57%	10.49%	9.58%
Effective Tax Rate	19.23%	16.66%	20.73%	25.08%	17.90%

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q