UFP Technologies, Inc. (UFPT)

UFP Technologies Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	547.56	504.42	400.07	353.79	206.32	179.37
Revenue Growth (YoY)	34.43%	26.08%	13.08%	71.48%	15.02%	-9.58%
Cost of Revenue	388.8	357.73	287.85	263.53	155.21	134.69
Gross Profit	158.76	146.69	112.23	90.26	51.11	44.68
Selling, General & Admin	67.03	62.22	50.89	45.8	29.48	27.49
Operating Expenses	67.03	62.22	50.89	45.8	29.48	27.49
Operating Income	91.73	84.48	61.34	44.46	21.63	17.19
Interest Expense	-10.24	-8.06	-3.65	-2.76	-0.04	-0.08
Other Non Operating Income (Expenses)	0.07	0.19	-0.12	0.08	0.03	-0.37
EBT Excluding Unusual Items	81.6	76.6	57.57	41.78	21.62	16.74
Merger & Restructuring Charges	-2.56	-2.52	-	-1.03	-0.43	-
Gain (Loss) on Sale of Assets	-0.1	-0.11	-0.15	21.8	0.01	-0.46
Other Unusual Items	-0.98	-0.95	-3.53	-9.84	-	-
Pretax Income	77.97	73.03	53.9	52.72	21.21	16.28
Income Tax Expense	14.5	14.04	8.98	10.93	5.32	2.91
Net Income	63.47	58.98	44.92	41.79	15.89	13.37
Net Income to Common	63.47	58.98	44.92	41.79	15.89	13.37
Net Income Growth	32.57%	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)	1.03%	1.09%	0.50%	0.63%	0.62%	0.69%
EPS (Basic)	8.27	7.69	5.89	5.52	2.11	1.79
EPS (Diluted)	8.15	7.58	5.83	5.45	2.09	1.77
EPS Growth	31.41%	30.02%	6.97%	160.77%	18.08%	-32.70%
Free Cash Flow	59.01	56.94	30.84	3.96	8.9	20.67
Free Cash Flow Per Share	7.57	7.31	4.00	0.52	1.17	2.73
Gross Margin	28.99%	29.08%	28.05%	25.51%	24.77%	24.91%
Operating Margin	16.75%	16.75%	15.33%	12.57%	10.49%	9.58%
Profit Margin	11.59%	11.69%	11.23%	11.81%	7.70%	7.45%
Free Cash Flow Margin	10.78%	11.29%	7.71%	1.12%	4.31%	11.52%
EBITDA	108.17	99.28	72.8	56.35	30.04	25.46
EBITDA Margin	19.75%	19.68%	18.20%	15.93%	14.56%	14.19%
D&A For EBITDA	16.44	14.8	11.47	11.89	8.41	8.27
EBIT	91.73	84.48	61.34	44.46	21.63	17.19
EBIT Margin	16.75%	16.75%	15.33%	12.57%	10.49%	9.58%
Effective Tax Rate	18.59%	19.23%	16.66%	20.73%	25.08%	17.90%

Updated May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q