UFP TECHNOLOGIES INCUFPTEarnings & Financial Report
UFP Technologies, Inc. is an American multinational developer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products.
Revenue
$110.2M
Gross Profit
$33.0M
Operating Profit
$18.0M
Net Profit
$13.6M
Gross Margin
30.0%
Operating Margin
16.3%
Net Margin
12.3%
YoY Growth
10.1%
EPS
$1.75
UFP TECHNOLOGIES INC Q2 FY2024 Financial Summary
UFP TECHNOLOGIES INC reported revenue of $110.2M (up 10.1% YoY) for Q2 FY2024, with a net profit of $13.6M (up 14.0% YoY) (12.3% margin). Cost of goods sold was $77.1M, operating expenses totaled $15.1M.
Key Financial Metrics
| Total Revenue | $110.2M |
|---|---|
| Net Profit | $13.6M |
| Gross Margin | 30.0% |
| Operating Margin | 16.3% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
UFP TECHNOLOGIES INC Q2 FY2024 revenue of $110.2M breaks down across 5 segments, led by Medical at $95.4M (86.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Medical | $95.4M | 86.6% |
| Aerospace Defense | $5.8M | 5.3% |
| Industrial Or Other | $5.0M | 4.5% |
| Tooling And Machinery | $3.3M | 3.0% |
| Engineering And Development | $1.6M | 1.5% |
UFP TECHNOLOGIES INC Revenue by Segment — Quarterly Trend
UFP TECHNOLOGIES INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Medical and Aerospace Defense) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Tooling And Machinery | — | — | — | $1.5M |
| Engineering And Development | $1.8M | — | $1.5M | $1.6M |
UFP TECHNOLOGIES INC Annual Revenue by Year
UFP TECHNOLOGIES INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $602.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $602.8M |
| 2024 | $504.4M |
| 2023 | $400.1M |
| 2022 | $353.8M |
UFP TECHNOLOGIES INC Quarterly Revenue & Net Profit History
UFP TECHNOLOGIES INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $148.9M | +3.4% | $17.6M | 11.8% |
| Q3 FY2025 | $154.6M | +6.5% | $16.4M | 10.6% |
| Q2 FY2025 | $151.2M | +37.2% | $17.2M | 11.4% |
| Q1 FY2025 | $148.1M | +41.1% | $17.2M | 11.6% |
| Q4 FY2024 | $144.1M | +41.9% | $16.4M | 11.4% |
| Q3 FY2024 | $145.2M | +44.0% | $16.4M | 11.3% |
| Q2 FY2024 | $110.2M | +10.1% | $13.6M | 12.3% |
| Q1 FY2024 | $105.0M | +7.4% | $12.7M | 12.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $105.0M | $110.2M | $145.2M | $144.1M | $148.1M | $151.2M | $154.6M | $148.9M |
| YoY Growth | 7.4% | 10.1% | 44.0% | 41.9% | 41.1% | 37.2% | 6.5% | 3.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $407.7M | $422.4M | $638.5M | $629.0M | $642.6M | $634.7M | $652.8M | $655.1M |
| Liabilities | $112.7M | $112.2M | $309.4M | $286.2M | $282.0M | $249.2M | $248.9M | $231.2M |
| Equity | $295.0M | $310.2M | $329.1M | $342.8M | $360.7M | $385.5M | $403.9M | $423.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $10.7M | $11.7M | $19.8M | $24.4M | $13.8M | $25.3M | $35.9M | $16.8M |