UFP Technologies (UFPT) financial statements
UFP Technologies reported revenue of $603M in fiscal 2025, up 17.1% a year over 9 years.
Net income was $68M and the operating margin 15.3%, against 8.4% in 2016.
Free cash flow was $79M.
The diluted share count rose 7% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from UFP Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $146M | $148M | $190M | $198M | $179M | $206M | $354M | $400M | $504M | $603M |
| Cost of revenue | $111M | $112M | $142M | $144M | $135M | $155M | $264M | $288M | $358M | $432M |
| Gross profit | $35M | $35M | $48M | $54M | $45M | $51M | $90M | $112M | $147M | $170M |
| Research and development | $1M | $5M | $10M | $9M | $8M | $8M | $9M | $7M | $10M | $9M |
| Selling, general and admin | $24M | $24M | $28M | $29M | $27M | $29M | $46M | $51M | $62M | $77M |
| Operating income | $12M | $12M | $20M | $25M | $17M | $21M | $55M | $58M | $81M | $92M |
| Interest expense | $69,000 | $50,000 | $1M | $674,000 | $83,000 | $39,000 | $3M | $4M | $8M | $10M |
| Pre-tax income | $12M | $12M | $18M | $24M | $16M | $21M | $53M | $54M | $73M | $83M |
| Income tax | $4M | $3M | $4M | $4M | $3M | $5M | $11M | $9M | $14M | $14M |
| Net income | $8M | $9M | $14M | $20M | $13M | $16M | $42M | $45M | $59M | $68M |
| EPS (diluted) | $1.10 | $1.26 | $1.93 | $2.63 | $1.77 | $2.09 | $5.45 | $5.83 | $7.58 | $8.75 |
| Diluted shares | 7M | 7M | 7M | 8M | 8M | 8M | 8M | 8M | 8M | 8M |
| Gross margin | 23.7% | 24.0% | 25.4% | 27.2% | 24.9% | 24.8% | 25.5% | 28.1% | 29.1% | 28.3% |
| Operating margin | 8.4% | 7.9% | 10.3% | 12.5% | 9.3% | 10.3% | 15.7% | 14.4% | 16.0% | 15.3% |
| Net margin | 5.5% | 6.2% | 7.5% | 10.0% | 7.5% | 7.7% | 11.8% | 11.2% | 11.7% | 11.3% |
Balance sheet
Fiscal years, from UFP Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $31M | $38M | $3M | $4M | $24M | $11M | $4M | $5M | $13M | $20M |
| Receivables | $21M | $21M | $28M | $29M | $26M | $39M | $55M | $64M | $85M | $83M |
| Inventory | $14M | $13M | $20M | $18M | $19M | $33M | $54M | $70M | $88M | $87M |
| Total current assets | $70M | $75M | $56M | $53M | $72M | $87M | $116M | $145M | $195M | $201M |
| Property, plant and equipment | $49M | $54M | $58M | $57M | $54M | $57M | $58M | $62M | $71M | $79M |
| Goodwill | $7M | $7M | $52M | $52M | $52M | $108M | $113M | $113M | $190M | $197M |
| Total assets | $128M | $138M | $190M | $189M | $203M | $334M | $378M | $404M | $629M | $655M |
| Total current liabilities | $10M | $10M | $21M | $17M | $15M | $39M | $56M | $58M | $76M | $75M |
| Long-term debt | — | — | $22M | — | $0 | $71M | $51M | $28M | $177M | $123M |
| Total liabilities | $15M | $14M | $49M | $27M | $26M | $140M | $141M | $118M | $286M | $231M |
| Shareholders' equity | $113M | $124M | $140M | $162M | $177M | $194M | $238M | $286M | $343M | $424M |
| Net debt | -$31M | -$38M | $22M | -$4M | -$24M | $64M | $51M | $27M | $176M | $115M |
Cash flow
Fiscal years, from UFP Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9M | $17M | $21M | $31M | $25M | $14M | $18M | $41M | $67M | $92M |
| Capital spending | $7M | $10M | $5M | $6M | $4M | $5M | $14M | $10M | $10M | $13M |
| Free cash flow | $2M | $7M | $16M | $25M | $21M | $9M | $4M | $31M | $57M | $79M |
| Stock-based compensation | $1M | $1M | $1M | $2M | $2M | $2M | $3M | $5M | $7M | $9M |
| Net borrowing | -$1M | -$856,000 | $17M | -$17M | $0 | $40M | -$4M | -$4M | $90M | -$12M |
| Free cash flow margin | 1.4% | 4.8% | 8.3% | 12.8% | 11.5% | 4.3% | 1.1% | 7.7% | 11.3% | 13.1% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for UFPT.
Open UFPT in InvestinglyQuestions
What was UFP Technologies's revenue in 2025?
$603M in fiscal 2025, from its 10-K filing.
How much free cash flow does UFP Technologies generate?
$79M in fiscal 2025 (operating cash flow minus capital spending).
From UFP Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.