UTMD (UTMD) financial statements
UTMD reported revenue of $39M in fiscal 2025, down 0.2% a year over 9 years.
Net income was $11M and the operating margin 29.6%, against 41.2% in 2016.
Free cash flow was $14M, and the company returned $4M in dividends and $8M in net buybacks.
The diluted share count fell 14% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from UTMD's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39M | $41M | $42M | $47M | $42M | $49M | $52M | $50M | $41M | $39M |
| Cost of revenue | $16M | $15M | $16M | $17M | $17M | $18M | $20M | $20M | $17M | $17M |
| Gross profit | $24M | $26M | $26M | $29M | $26M | $31M | $32M | $30M | $24M | $22M |
| Research and development | $475,000 | $447,000 | $454,000 | $483,000 | $486,000 | $526,000 | $493,000 | $560,000 | $813,000 | $668,000 |
| Selling, general and admin | $7M | $7M | $7M | $11M | $11M | $12M | $12M | $13M | $10M | $10M |
| Operating income | $16M | $19M | $19M | $18M | $14M | $19M | $20M | $17M | $14M | $11M |
| Pre-tax income | $16M | $19M | $19M | $18M | $14M | $19M | $21M | $20M | $17M | $14M |
| Income tax | $4M | $11M | $904,000 | $3M | $3M | $4M | $4M | $3M | $3M | $3M |
| Net income | $12M | $9M | $19M | $15M | $11M | $15M | $16M | $17M | $14M | $11M |
| EPS (diluted) | $3.22 | $2.28 | $4.95 | $3.94 | $2.94 | $4.04 | $4.52 | $4.57 | $3.96 | $3.48 |
| Diluted shares | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 3M |
| Gross margin | 60.3% | 63.7% | 62.6% | 62.8% | 60.6% | 63.0% | 61.6% | 59.8% | 59.0% | 57.1% |
| Operating margin | 41.2% | 45.9% | 44.5% | 37.6% | 32.5% | 38.5% | 37.9% | 33.4% | 33.2% | 29.6% |
| Net margin | 30.9% | 20.5% | 44.2% | 31.4% | 25.6% | 30.1% | 31.5% | 33.1% | 33.9% | 29.3% |
Balance sheet
Fiscal years, from UTMD's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $26M | $40M | $51M | $43M | $52M | $61M | $75M | $93M | $83M | $86M |
| Receivables | $3M | $4M | $4M | $5M | $4M | $5M | $6M | $3M | $4M | $4M |
| Inventory | $5M | $5M | $7M | $7M | $6M | $7M | $9M | $10M | $9M | $8M |
| Total current assets | $34M | $49M | $61M | $55M | $62M | $73M | $90M | $106M | $96M | $98M |
| Property, plant and equipment | $10M | $12M | $10M | $11M | $11M | $11M | $10M | $11M | $10M | $10M |
| Goodwill | $13M | $14M | $14M | $14M | $14M | $14M | $13M | $14M | $14M | $14M |
| Total assets | $76M | $93M | $100M | $110M | $112M | $116M | $124M | $135M | $123M | $123M |
| Total current liabilities | $3M | $5M | $5M | $3M | $4M | $4M | $6M | $5M | $4M | $3M |
| Long-term debt | — | — | — | — | — | — | — | $295,000 | $282,000 | $225,000 |
| Total liabilities | $7M | $15M | $11M | $9M | $9M | $8M | $10M | $7M | $5M | $3M |
| Shareholders' equity | $69M | $78M | $89M | $101M | $103M | $107M | $114M | $128M | $117M | $119M |
| Net debt | -$26M | -$40M | -$51M | -$43M | -$52M | -$61M | -$75M | -$93M | -$83M | -$86M |
Cash flow
Fiscal years, from UTMD's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $15M | $17M | $17M | $17M | $20M | $21M | $21M | $22M | $15M | $15M |
| Capital spending | $3M | $2M | $402,000 | $540,000 | $860,000 | $552,000 | $809,000 | $639,000 | $230,000 | $371,000 |
| Free cash flow | $11M | $15M | $16M | $17M | $19M | $21M | $20M | $22M | $15M | $14M |
| Stock-based compensation | $92,000 | $129,000 | $64,000 | $113,000 | $160,000 | $166,000 | $183,000 | $225,000 | $256,000 | $373,000 |
| Dividends paid | $4M | $3M | $4M | $4M | $4M | $11M | $3M | $4M | $4M | $4M |
| Share buybacks (net) | — | $0 | -$1M | -$398,000 | -$7M | $0 | -$2M | $0 | -$20M | -$8M |
| Free cash flow margin | 28.6% | 37.0% | 39.1% | 35.2% | 45.7% | 42.1% | 38.9% | 43.1% | 35.7% | 37.2% |
| Dividends per share | $1.04 | $0.79 | $1.07 | $1.10 | $1.12 | $3.13 | $0.87 | $1.18 | $1.22 | $1.23 |
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Open UTMD in InvestinglyQuestions
What was UTMD's revenue in 2025?
$39M in fiscal 2025, from its 10-K filing.
How much free cash flow does UTMD generate?
$14M in fiscal 2025 (operating cash flow minus capital spending).
From UTMD's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.