What is UFP Technologies' operating income?

UFP Technologies' total operating income in 2025 was $92.34 million, based on the following breakdown: Total Gross Profit: $170.41 million Total Operating Expenses: $78.07 million

UFP Technologies (UFPT) Financials

$276.92 -1.08 (-0.39%)

As of 02:27 PM Eastern

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Annual Income Statements for UFP Technologies

This table shows UFP Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	7.59	7.97	9.21	14	20	13	16	41	46	55	76
Consolidated Net Income / (Loss)	7.59	7.97	9.21	14	20	13	16	42	45	59	68
Net Income / (Loss) Continuing Operations	7.59	7.97	9.21	14	20	13	16	42	45	59	68
Total Pre-Tax Income	12	12	12	18	24	16	21	53	54	73	83
Total Operating Income	12	12	12	20	25	17	21	55	58	81	92
Total Gross Profit	37	35	35	48	54	45	51	90	112	147	170
Total Revenue	139	146	148	190	198	179	206	354	400	504	603
Operating Revenue	139	146	148	190	198	179	206	354	400	504	603
Total Cost of Revenue	101	111	112	142	144	135	155	264	288	358	432
Operating Cost of Revenue	101	111	112	142	144	135	155	264	288	358	432
Total Operating Expenses	26	22	24	29	29	28	30	51	55	66	78
Selling, General & Admin Expense	24	24	24	28	29	27	29	46	51	62	77
Restructuring Charge	1.76	0.42	0.06	1.09	0.00	0.00	0.43	1.03	0.00	2.52	0.33
Other Special Charges / (Income)	-0.02	-2.11	0.01	-0.05	0.00	0.46	-0.01	3.69	3.67	1.06	0.30
Total Other Income / (Expense), net	0.03	0.08	0.17	-1.21	-1.06	-0.45	-0.01	13	-3.76	-7.87	-9.83
Interest Expense	0.09	0.07	0.05	1.32	0.67	0.08	0.04	2.76	3.65	8.06	9.80
Other Income / (Expense), net	-	0.00	0.00	0.06	-0.39	-0.37	0.03	16	-0.12	0.19	-0.02
Income Tax Expense	4.15	4.35	2.65	4.09	3.90	2.91	5.32	11	8.98	14	14
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	0.00	1.22	-1.76	8.87	-16
Basic Earnings per Share	$1.07	$1.11	$1.27	$1.95	$2.66	$1.79	$2.11	$5.52	$5.89	$7.69	$8.87
Weighted Average Basic Shares Outstanding	7.10M	7.19M	7.25M	7.35M	7.42M	7.48M	7.52M	7.56M	7.62M	7.67M	7.71M
Diluted Earnings per Share	$1.05	$1.10	$1.26	$1.93	$2.63	$1.77	$2.09	$5.45	$5.83	$7.58	$8.75
Weighted Average Diluted Shares Outstanding	7.21M	7.28M	7.34M	7.43M	7.52M	7.57M	7.62M	7.66M	7.70M	7.79M	7.80M
Weighted Average Basic & Diluted Shares Outstanding	7.10M	7.20M	7.30M	7.30M	7.46M	7.52M	7.56M	7.61M	7.64M	7.68M	7.71M

This table shows UFP Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	13	12	13	16	12	20	22	16	23	16	20
Consolidated Net Income / (Loss)	12	13	14	16	16	17	17	16	18	17	21
Net Income / (Loss) Continuing Operations	12	13	14	16	16	17	17	16	18	17	21
Total Pre-Tax Income	12	15	17	21	19	20	22	21	20	22	26
Total Operating Income	13	16	18	25	22	23	24	23	22	23	28
Total Gross Profit	26	30	33	42	42	42	44	43	42	44	51
Total Revenue	101	105	110	145	144	148	151	155	149	154	174
Operating Revenue	101	105	110	145	144	148	151	155	149	154	174
Total Cost of Revenue	75	75	77	104	102	106	108	112	107	110	123
Operating Cost of Revenue	75	75	77	104	102	106	108	112	107	110	123
Total Operating Expenses	13	14	15	17	20	19	19	19	20	21	23
Selling, General & Admin Expense	13	14	14	16	19	19	19	19	21	21	23
Restructuring Charge	-	0.00	0.94	0.73	-	0.04	0.28	0.01	-	0.00	0.07
Other Special Charges / (Income)	0.28	0.25	0.24	0.24	0.34	0.26	0.26	0.29	-0.50	-0.03	-0.01
Total Other Income / (Expense), net	-0.84	-0.59	-0.58	-3.55	-3.16	-2.85	-2.69	-2.32	-1.96	-1.76	-1.67
Interest Expense	0.75	0.63	0.58	3.48	3.38	2.81	2.67	2.39	1.93	1.74	1.71
Other Income / (Expense), net	-0.09	0.04	-0.00	-0.07	0.22	-0.04	-0.02	0.08	-0.03	-0.02	0.04
Income Tax Expense	0.29	2.64	3.82	4.86	2.72	3.10	4.45	4.68	1.98	4.11	5.58
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-2.27	1.17	0.36	-	9.48	-4.65	-5.29	-0.10	-	3.44	0.95
Basic Earnings per Share	$1.52	$1.66	$1.77	$2.13	$2.13	$2.24	$2.23	$2.12	$2.28	$2.27	$2.69
Weighted Average Basic Shares Outstanding	7.62M	7.65M	7.67M	7.67M	7.67M	7.69M	7.71M	7.71M	7.71M	7.72M	7.74M
Diluted Earnings per Share	$1.49	$1.64	$1.75	$2.11	$2.08	$2.21	$2.21	$2.11	$2.22	$2.24	$2.68
Weighted Average Diluted Shares Outstanding	7.70M	7.74M	7.75M	7.77M	7.79M	7.78M	7.77M	7.78M	7.80M	7.80M	7.79M
Weighted Average Basic & Diluted Shares Outstanding	7.64M	7.67M	7.67M	7.67M	7.68M	7.71M	7.71M	7.71M	7.71M	7.74M	7.75M

This table details how cash moves in and out of UFP Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-4.25	1.56	6.62	-35	0.51	20	-13	-6.67	0.81	8.19	6.85
Net Cash From Operating Activities	13	9.31	17	21	31	25	14	18	41	67	92
Net Cash From Continuing Operating Activities	13	9.31	17	21	31	25	14	18	41	67	92
Net Income / (Loss) Continuing Operations	7.59	7.97	9.21	14	20	13	16	42	45	59	68
Consolidated Net Income / (Loss)	7.59	7.97	9.21	14	20	13	16	42	45	59	68
Depreciation Expense	4.85	5.63	5.64	7.83	8.17	8.27	8.41	12	11	15	19
Non-Cash Adjustments To Reconcile Net Income	0.74	0.91	1.08	1.17	1.59	2.27	2.41	-19	4.79	6.95	8.77
Changes in Operating Assets and Liabilities, net	-0.66	-5.21	1.55	-1.99	1.72	1.00	-12	-17	-20	-14	-4.33
Net Cash From Investing Activities	-16	-7.19	-10	-82	-5.77	-4.26	-101	1.29	-10	-210	-28
Net Cash From Continuing Investing Activities	-16	-7.19	-10	-82	-5.77	-4.26	-101	1.29	-10	-210	-28
Purchase of Property, Plant & Equipment	-16	-7.21	-10	-5.43	-5.78	-4.37	-5.40	-14	-10	-13	-13
Acquisitions	-	0.00	0.00	-77	0.00	0.00	-96	-21	0.00	-197	-15
Sale of Property, Plant & Equipment	0.05	0.01	0.01	0.08	0.00	0.11	0.11	6.72	0.00	0.02	0.05
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	0.00	0.00	0.16	0.00
Net Cash From Financing Activities	-1.08	-0.56	-0.48	26	-25	-0.29	74	-26	-30	152	-58
Net Cash From Continuing Financing Activities	-1.08	-0.56	-0.48	26	-25	-0.29	74	-26	-30	152	-58
Repayment of Debt	-1.00	-1.01	-0.86	-31	-25	-5.50	0.00	-64	-32	-127	-123
Issuance of Debt	-	0.00	0.00	56	0.00	5.50	75	44	9.00	284	69
Other Financing Activities, net	0.51	0.46	0.38	1.13	0.19	-0.29	-0.79	-5.89	-7.02	-4.98	-4.24
Effect of Exchange Rate Changes	-	-	-	-	-	0.00	0.00	-	-0.01	-0.64	0.70

This table details how cash moves in and out of UFP Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-1.11	6.11	5.36	-0.37	-2.91	0.58	0.86	3.33	2.08	-0.33	-11
Net Cash From Operating Activities	13	11	12	20	24	14	25	36	17	3.20	16
Net Cash From Continuing Operating Activities	13	11	12	20	24	14	25	36	17	3.20	16
Net Income / (Loss) Continuing Operations	12	13	14	16	16	17	17	16	18	17	21
Consolidated Net Income / (Loss)	12	13	14	16	16	17	17	16	18	17	21
Depreciation Expense	2.96	3.00	3.03	4.03	4.66	2.25	4.72	-2.41	12	2.42	2.49
Amortization Expense	-	-	-	-	-	2.39	-	-	-	2.48	2.48
Non-Cash Adjustments To Reconcile Net Income	1.23	1.52	1.73	1.54	2.15	2.17	2.22	1.95	2.44	2.75	3.39
Changes in Operating Assets and Liabilities, net	-3.10	-6.56	-6.60	-2.13	1.24	-10	1.22	13	-8.09	-22	-14
Net Cash From Investing Activities	-2.76	-1.73	-7.38	-197	-3.88	-2.82	-5.65	-15	-3.86	-1.69	-1.10
Net Cash From Continuing Investing Activities	-2.76	-1.73	-7.38	-197	-3.88	-2.82	-5.65	-15	-3.86	-1.69	-1.10
Purchase of Property, Plant & Equipment	-2.76	-1.73	-2.77	-2.15	-3.01	-2.82	-2.86	-3.38	-3.87	-1.75	-1.16
Sale of Property, Plant & Equipment	-	-	0.00	0.01	0.01	0.00	-	-0.00	0.02	0.06	0.01
Net Cash From Financing Activities	-11	-2.72	1.04	177	-23	-11	-19	-17	-11	-1.62	-25
Net Cash From Continuing Financing Activities	-11	-2.72	1.04	177	-23	-11	-19	-17	-11	-1.62	-25
Repayment of Debt	-11	-5.00	-37	-18	-67	-16	-27	-1.01	-79	-31	-40
Issuance of Debt	-	7.00	38	195	44	9.00	7.50	-17	69	33	20
Other Financing Activities, net	-0.18	-4.72	-0.16	-0.02	-0.02	-4.07	0.04	0.01	-0.22	-3.77	-5.06

This table presents UFP Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	120	128	138	190	189	203	334	378	404	629	655
Total Current Assets	63	70	75	56	53	72	87	116	145	195	201
Cash & Equivalents	30	31	38	3.24	3.74	24	11	4.45	5.26	13	20
Accounts Receivable	17	21	21	28	29	26	39	55	64	85	83
Inventories, net	14	14	13	20	18	19	33	54	70	88	87
Prepaid Expenses	0.93	2.28	1.84	2.21	2.30	2.56	3.38	3.24	3.43	4.30	5.62
Current Deferred & Refundable Income Taxes	0.87	0.81	1.02	2.29	0.28	-	-	0.00	1.30	4.98	5.31
Plant, Property, & Equipment, net	47	49	54	58	57	54	57	58	62	71	79
Total Noncurrent Assets	9.79	9.57	9.48	76	79	78	190	204	197	363	375
Long-Term Investments	-	-	-	-	-	-	-	-	0.00	6.81	6.93
Goodwill	7.32	7.32	7.32	52	52	52	108	113	113	190	197
Intangible Assets	0.64	0.32	0.00	22	21	20	68	68	64	144	141
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	0.00	1.45	0.61	-	0.00
Employee Benefit Assets	-	1.78	2.02	2.03	2.78	3.72	4.33	4.15	5.32	6.17	7.47
Other Noncurrent Operating Assets	1.83	0.15	0.14	0.20	3.18	2.21	10	17	14	17	22
Total Liabilities & Shareholders' Equity	120	128	138	190	189	203	334	378	404	629	655
Total Liabilities	16	15	14	49	27	26	140	141	118	286	231
Total Current Liabilities	11	9.56	9.94	21	17	15	39	56	58	76	75
Short-Term Debt	1.01	0.86	0.00	2.86	-	0.00	4.00	4.00	4.00	13	13
Accounts Payable	4.60	4.00	4.18	6.84	4.58	4.12	11	20	22	24	24
Accrued Expenses	5.06	4.70	5.47	8.46	8.48	7.94	17	23	22	30	29
Current Deferred Revenue	-	-	0.30	2.51	2.57	1.89	4.25	4.68	6.62	4.67	4.24
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	0.00	0.02	0.91	1.68	0.00	0.22	0.00
Other Current Liabilities	-	-	-	0.00	1.15	1.17	2.24	2.52	3.22	4.23	5.04
Total Noncurrent Liabilities	5.40	5.33	4.55	28	9.98	11	101	85	60	210	156
Long-Term Debt	0.86	-	0.00	22	-	0.00	71	51	28	177	123
Noncurrent Deferred & Payable Income Tax Liabilities	2.88	3.46	2.44	4.13	4.92	5.06	3.26	0.45	0.43	3.30	9.21
Noncurrent Employee Benefit Liabilities	1.48	1.68	2.03	2.04	2.79	3.81	4.34	4.17	5.41	6.19	6.66
Other Noncurrent Operating Liabilities	0.17	0.18	0.08	0.02	2.27	2.31	22	29	26	24	18
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	104	113	124	140	162	177	194	238	286	343	424
Total Preferred & Common Equity	104	113	124	140	162	177	194	238	286	343	424
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	104	113	124	140	162	177	194	238	286	343	424
Common Stock	24	25	27	29	31	33	34	36	39	41	46
Retained Earnings	80	88	98	112	132	145	161	203	248	307	375
Treasury Stock	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	0.00	-0.61	0.27	-4.17	3.71

This table presents UFP Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	391	398	400	408	422	639	643	635	653	675	682
Total Current Assets	127	137	140	151	162	201	206	191	198	224	235
Cash & Equivalents	6.50	5.29	6.38	11	17	16	14	15	18	20	9.05
Accounts Receivable	60	64	61	61	61	89	94	85	85	99	113
Inventories, net	57	63	70	74	78	89	90	85	86	94	100
Prepaid Expenses	3.62	4.64	2.87	4.02	4.30	4.56	5.10	4.66	6.60	7.59	8.39
Current Deferred & Refundable Income Taxes	-	-	0.48	0.00	2.18	2.25	3.14	1.71	1.82	3.99	4.12
Plant, Property, & Equipment, net	59	60	61	62	64	70	72	74	78	78	77
Total Noncurrent Assets	205	201	199	195	196	367	365	369	377	372	370
Long-Term Investments	-	-	-	-	-	5.62	6.85	6.91	6.94	6.89	6.67
Goodwill	113	113	113	113	116	205	191	193	197	197	196
Intangible Assets	67	66	65	63	62	135	143	142	143	138	135
Noncurrent Deferred & Refundable Income Taxes	1.55	1.93	0.99	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Employee Benefit Assets	4.71	4.95	4.82	5.71	5.79	6.16	6.40	6.97	7.33	7.26	8.09
Other Noncurrent Operating Assets	18	15	15	13	13	16	19	20	22	23	24
Total Liabilities & Shareholders' Equity	391	398	400	408	422	639	643	635	653	675	682
Total Liabilities	144	138	127	113	112	309	282	249	249	236	219
Total Current Liabilities	52	53	57	52	52	78	80	69	82	77	78
Short-Term Debt	4.00	4.00	4.00	4.00	0.00	13	13	13	13	13	13
Accounts Payable	20	25	27	24	23	26	30	23	29	28	33
Accrued Expenses	17	17	19	16	21	30	29	25	30	26	23
Current Deferred Revenue	3.58	4.27	3.81	4.53	4.55	5.80	4.79	4.61	4.83	4.63	4.80
Current Deferred & Payable Income Tax Liabilities	4.45	0.22	0.00	0.42	0.26	0.15	0.19	0.12	0.22	0.22	0.04
Other Current Liabilities	2.94	2.61	3.16	3.37	3.28	3.98	4.13	4.72	4.95	5.02	4.74
Total Noncurrent Liabilities	92	85	71	60	60	231	202	180	167	159	141
Long-Term Debt	56	53	39	30	35	200	170	151	134	125	105
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.46	0.44	0.58	0.18	2.44	4.92	5.41	7.57	12	14
Noncurrent Employee Benefit Liabilities	4.75	5.00	4.89	5.71	5.82	6.17	6.44	6.52	6.78	6.74	6.69
Other Noncurrent Operating Liabilities	31	26	27	24	19	23	20	17	19	15	16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	246	260	272	295	310	329	361	385	404	439	462
Total Preferred & Common Equity	246	260	272	295	310	329	361	385	404	439	462
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	246	260	272	295	310	329	361	385	404	439	462
Common Stock	35	37	38	36	37	39	39	42	44	45	48
Retained Earnings	212	224	236	260	274	290	324	341	357	392	413
Treasury Stock	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59	-0.59
Accumulated Other Comprehensive Income / (Loss)	-0.12	-0.08	-0.87	-0.32	-0.50	0.57	-1.84	3.45	3.51	1.99	1.51

This table displays calculated financial ratios and metrics derived from UFP Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	7,712,444.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	7,712,444.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	9.88
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	7.58	7.92	9.08	15	21	14	16	44	48	65	76
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	15.01%	15.11%	12.28%	13.67%
Earnings before Interest and Taxes (EBIT)	12	12	12	20	24	16	21	71	58	81	92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	18	17	28	32	25	30	83	69	96	111
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.26	1.01	5.90	-61	25	19	-90	14	23	-134	56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	76	83	86	162	158	153	258	288	313	512	532
Increase / (Decrease) in Invested Capital	12	6.91	3.18	77	-4.11	-5.59	106	30	25	199	20
Book Value per Share	$14.51	$15.64	$17.02	$19.05	$21.78	$23.60	$25.82	$31.34	$37.45	$44.66	$54.96
Tangible Book Value per Share	$13.39	$14.58	$16.01	$9.00	$11.99	$14.05	$2.52	$7.41	$14.23	$1.15	$11.10
Total Capital	105	114	124	166	162	177	269	293	318	532	559
Total Debt	1.87	0.86	0.00	25	0.00	0.00	75	55	32	189	135
Total Long-Term Debt	0.86	0.00	0.00	22	0.00	0.00	71	51	28	177	123
Net Debt	-28	-31	-38	22	-3.74	-24	64	51	27	169	108
Capital Expenditures (CapEx)	16	7.19	10	5.35	5.77	4.26	5.28	7.06	10	9.63	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	24	30	27	35	33	32	41	60	85	118	118
Debt-free Net Working Capital (DFNWC)	54	61	65	38	36	57	53	64	90	131	139
Net Working Capital (NWC)	53	60	65	35	36	57	49	60	86	119	126
Net Nonoperating Expense (NNE)	-0.02	-0.05	-0.13	0.94	0.89	0.37	0.01	2.13	3.14	6.36	8.13
Net Nonoperating Obligations (NNO)	-28	-31	-38	22	-3.74	-24	64	51	27	169	108
Total Depreciation and Amortization (D&A)	4.85	5.63	5.64	7.83	8.17	8.27	8.41	12	11	15	19
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.07	$1.11	$1.27	$1.95	$2.66	$1.79	$2.11	$5.52	$5.89	$7.69	$8.87
Adjusted Weighted Average Basic Shares Outstanding	7.12M	7.19M	7.25M	7.35M	7.42M	7.48M	7.52M	7.56M	7.62M	7.67M	7.71M
Adjusted Diluted Earnings per Share	$1.05	$1.10	$1.26	$1.93	$2.63	$1.77	$2.09	$5.45	$5.83	$7.58	$8.75
Adjusted Weighted Average Diluted Shares Outstanding	7.22M	7.28M	7.34M	7.43M	7.52M	7.57M	7.62M	7.66M	7.70M	7.79M	7.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.18M	7.22M	7.32M	7.41M	7.46M	7.52M	7.56M	7.61M	7.64M	7.68M	7.71M
Normalized Net Operating Profit after Tax (NOPAT)	8.70	6.82	9.14	16	21	14	16	48	51	68	77
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from UFP Technologies' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	7,712,444.00	7,713,300.00	7,736,939.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	7,712,444.00	7,713,300.00	7,736,939.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	2.99	2.04	2.63
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.25%	7.42%	10.14%	44.04%	41.94%	41.08%	37.21%	6.47%	-	4.09%	15.07%
EBITDA Growth	-46.26%	22.03%	5.47%	60.34%	73.85%	46.19%	38.30%	-14.14%	-	1.88%	14.05%
EBIT Growth	-51.90%	25.09%	5.20%	63.82%	77.73%	44.62%	35.37%	-5.01%	-	1.10%	15.76%
NOPAT Growth	-45.83%	25.37%	10.45%	53.47%	53.52%	48.66%	38.02%	-4.77%	-	-3.45%	14.71%
Net Income Growth	37.18%	30.33%	14.05%	39.91%	41.07%	35.38%	26.77%	0.13%	-	1.81%	21.37%
EPS Growth	37.96%	29.13%	12.90%	38.82%	39.60%	34.76%	26.29%	0.00%	-	1.36%	21.27%
Operating Cash Flow Growth	-29.00%	518.34%	31.96%	9.80%	92.30%	29.62%	116.25%	81.43%	-	-76.80%	-38.37%
Free Cash Flow Firm Growth	-80.50%	-567.64%	-210.51%	-1,944.92%	-1,362.75%	-4,034.06%	-6,666.84%	106.53%	-	95.60%	91.90%
Invested Capital Growth	8.59%	5.89%	5.34%	68.01%	63.63%	64.51%	60.45%	1.10%	-	5.18%	6.96%
Revenue Q/Q Growth	0.71%	3.46%	4.92%	31.76%	-0.75%	2.83%	2.04%	2.24%	-	3.55%	12.82%
EBITDA Q/Q Growth	-12.87%	21.51%	10.63%	36.89%	-5.53%	2.17%	4.66%	-27.45%	-	-16.13%	17.21%
EBIT Q/Q Growth	-16.10%	26.24%	12.42%	37.58%	-8.98%	2.73%	5.23%	-3.46%	-	8.72%	20.54%
NOPAT Q/Q Growth	-0.09%	6.03%	6.25%	36.35%	-0.06%	2.68%	-1.36%	-5.92%	-	-2.12%	17.18%
Net Income Q/Q Growth	-0.74%	9.35%	6.77%	20.73%	0.09%	4.94%	-0.02%	-4.64%	-	-0.40%	19.18%
EPS Q/Q Growth	-1.97%	10.07%	6.71%	20.57%	-1.42%	6.25%	0.00%	-4.52%	-	0.90%	19.64%
Operating Cash Flow Q/Q Growth	-29.57%	-16.12%	9.95%	69.04%	23.35%	-43.46%	83.43%	41.82%	-	-80.97%	387.27%
Free Cash Flow Firm Q/Q Growth	-31.68%	63.57%	40.87%	-7,109.16%	5.81%	-2.97%	3.22%	106.96%	-	-808.62%	-78.21%
Invested Capital Q/Q Growth	1.24%	1.54%	3.46%	57.97%	-1.40%	2.08%	0.91%	-0.47%	-	3.29%	2.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.74%	28.65%	29.98%	28.60%	29.19%	28.45%	28.80%	27.66%	-	28.77%	29.27%
EBITDA Margin	15.38%	18.06%	19.04%	19.79%	18.83%	18.71%	19.19%	13.62%	-	18.32%	19.03%
Operating Margin	12.55%	15.16%	16.29%	17.06%	15.45%	15.61%	16.09%	15.13%	-	15.15%	16.15%
EBIT Margin	12.46%	15.20%	16.29%	17.01%	15.60%	15.59%	16.07%	15.18%	-	15.14%	16.18%
Profit (Net Income) Margin	11.44%	12.09%	12.30%	11.27%	11.37%	11.60%	11.36%	10.60%	-	11.35%	11.99%
Tax Burden Percent	97.60%	82.77%	78.01%	77.11%	85.74%	84.73%	79.44%	77.78%	-	80.97%	78.90%
Interest Burden Percent	94.04%	96.05%	96.79%	85.93%	84.97%	87.83%	89.01%	89.80%	-	92.56%	93.92%
Effective Tax Rate	2.40%	17.23%	21.99%	22.89%	14.26%	15.27%	20.56%	22.22%	-	19.03%	21.10%
Return on Invested Capital (ROIC)	16.31%	16.56%	16.56%	14.67%	16.20%	17.24%	17.58%	13.48%	-	13.93%	14.75%
ROIC Less NNEP Spread (ROIC-NNEP)	14.18%	15.28%	15.28%	12.26%	13.44%	14.63%	14.90%	12.32%	-	12.89%	13.67%
Return on Net Nonoperating Assets (RNNOA)	2.09%	2.15%	1.88%	4.62%	4.19%	4.12%	3.43%	5.23%	-	4.39%	3.92%
Return on Equity (ROE)	18.40%	18.70%	18.44%	19.29%	20.39%	21.36%	21.02%	18.70%	-	18.33%	18.68%
Cash Return on Invested Capital (CROIC)	7.76%	10.70%	11.04%	-36.56%	-32.43%	-31.70%	-28.41%	13.49%	-	9.09%	7.68%
Operating Return on Assets (OROA)	12.74%	15.51%	16.58%	15.13%	15.23%	16.25%	17.90%	14.06%	-	13.99%	15.52%
Return on Assets (ROA)	11.70%	12.33%	12.52%	10.03%	11.10%	12.09%	12.66%	9.82%	-	10.49%	11.50%
Return on Common Equity (ROCE)	18.40%	18.70%	18.44%	19.29%	20.39%	21.36%	21.02%	18.70%	-	18.33%	18.68%
Return on Equity Simple (ROE_SIMPLE)	0.00%	16.23%	15.97%	16.47%	0.00%	17.60%	0.00%	0.00%	-	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	12	13	14	19	19	20	19	18	19	19	22
NOPAT Margin	12.25%	12.55%	12.71%	13.15%	13.25%	13.23%	12.78%	11.76%	-	12.27%	12.74%
Net Nonoperating Expense Percent (NNEP)	2.13%	1.28%	1.29%	2.41%	2.77%	2.61%	2.68%	1.16%	-	1.04%	1.08%
Return On Investment Capital (ROIC_SIMPLE)	3.91%	-	-	-	3.59%	3.61%	3.52%	3.31%	3.46%	3.28%	3.82%
Cost of Revenue to Revenue	74.26%	71.35%	70.02%	71.40%	70.81%	71.55%	71.20%	72.34%	-	71.23%	70.73%
SG&A Expenses to Revenue	12.92%	13.25%	12.62%	10.88%	12.92%	12.64%	12.36%	12.34%	-	13.63%	13.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Operating Expenses to Revenue	13.20%	13.48%	13.69%	11.54%	13.74%	12.84%	12.71%	12.53%	-	13.62%	13.12%
Earnings before Interest and Taxes (EBIT)	13	16	18	25	22	23	24	23	21	23	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16	19	21	29	27	28	29	21	34	28	33
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.59	6.53	6.53	7.38	5.47	4.30	4.88	3.81	-	3.40	4.44
Price to Tangible Book Value (P/TBV)	12.09	16.20	15.31	0.00	212.01	56.44	37.23	24.30	-	14.31	15.69
Price to Revenue (P/Rev)	3.28	4.73	4.85	5.26	3.72	2.83	3.20	2.57	-	2.45	3.25
Price to Earnings (P/E)	28.69	40.42	41.20	43.67	34.40	25.01	28.62	23.38	-	20.61	29.16
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Earnings Yield	3.49%	2.47%	2.43%	2.29%	2.91%	4.00%	3.49%	4.28%	-	4.85%	3.43%
Enterprise Value to Invested Capital (EV/IC)	4.29	6.14	6.21	5.05	4.00	3.27	3.84	3.16	-	2.92	3.82
Enterprise Value to Revenue (EV/Rev)	3.35	4.79	4.89	5.67	4.06	3.12	3.44	2.78	-	2.63	3.41
Enterprise Value to EBITDA (EV/EBITDA)	19.45	26.94	27.80	31.09	21.35	16.36	17.97	15.21	-	14.34	18.57
Enterprise Value to EBIT (EV/EBIT)	23.30	32.10	33.14	36.78	25.23	19.40	21.40	17.79	-	17.33	22.33
Enterprise Value to NOPAT (EV/NOPAT)	27.90	38.44	39.27	44.57	31.31	23.86	26.25	21.80	-	21.17	27.40
Enterprise Value to Operating Cash Flow (EV/OCF)	32.44	38.79	38.46	47.76	30.72	24.53	24.27	16.69	-	19.73	30.08
Enterprise Value to Free Cash Flow (EV/FCFF)	57.49	58.98	57.78	0.00	0.00	0.00	0.00	23.57	-	32.93	51.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.12	0.11	0.64	0.55	0.51	0.42	0.36	-	0.31	0.25
Long-Term Debt to Equity	0.10	0.10	0.11	0.61	0.52	0.47	0.39	0.33	-	0.29	0.23
Financial Leverage	0.15	0.14	0.12	0.38	0.31	0.28	0.23	0.42	-	0.34	0.29
Leverage Ratio	1.49	1.47	1.44	1.73	1.64	1.60	1.52	1.76	-	1.65	1.55
Compound Leverage Factor	1.41	1.42	1.39	1.48	1.40	1.41	1.35	1.58	-	1.53	1.46
Debt to Total Capital	10.06%	10.33%	10.19%	39.18%	35.59%	33.63%	29.80%	26.57%	-	23.87%	20.23%
Short-Term Debt to Total Capital	1.26%	1.22%	0.00%	2.31%	2.35%	2.30%	2.28%	2.27%	-	2.17%	2.16%
Long-Term Debt to Total Capital	8.80%	9.12%	10.19%	36.87%	33.24%	31.33%	27.52%	24.29%	-	21.70%	18.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Common Equity to Total Capital	89.94%	89.67%	89.81%	60.82%	64.41%	66.37%	70.20%	73.43%	-	76.13%	79.77%
Debt to EBITDA	0.46	0.47	0.48	2.52	1.98	1.75	1.45	1.34	-	1.23	1.01
Net Debt to EBITDA	0.39	0.31	0.25	2.25	1.77	1.55	1.26	1.11	-	0.99	0.88
Long-Term Debt to EBITDA	0.41	0.41	0.48	2.37	1.85	1.63	1.34	1.22	-	1.12	0.90
Debt to NOPAT	0.67	0.67	0.68	3.61	2.90	2.55	2.12	1.92	-	1.82	1.49
Net Debt to NOPAT	0.56	0.45	0.36	3.23	2.59	2.26	1.84	1.59	-	1.46	1.29
Long-Term Debt to NOPAT	0.58	0.59	0.68	3.39	2.71	2.37	1.96	1.76	-	1.65	1.33
Altman Z-Score	8.89	12.57	13.17	6.43	5.76	5.21	6.57	5.72	-	5.89	7.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.48	2.87	3.13	2.57	2.56	2.58	2.77	2.41	-	2.91	3.00
Quick Ratio	1.20	1.39	1.50	1.35	1.29	1.35	1.44	1.26	-	1.54	1.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-12	-4.48	-2.65	-191	-180	-185	-179	12	-0.90	-8.15	-15
Operating Cash Flow to CapEx	460.85%	615.13%	423.04%	928.32%	814.13%	490.24%	886.63%	1,062.87%	-	189.81%	1,352.86%
Free Cash Flow to Firm to Interest Expense	-16.32	-7.10	-4.59	-54.98	-53.28	-65.97	-67.14	5.22	-	-4.69	-8.49
Operating Cash Flow to Interest Expense	16.84	16.88	20.30	5.70	7.23	4.92	9.48	15.01	-	1.84	9.12
Operating Cash Flow Less CapEx to Interest Expense	13.19	14.14	15.50	5.08	6.34	3.91	8.41	13.60	-	0.87	8.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.02	1.02	1.02	0.89	0.98	1.04	1.11	0.93	-	0.92	0.96
Accounts Receivable Turnover	6.69	6.71	6.68	6.15	6.77	7.06	8.07	6.86	-	6.33	6.37
Inventory Turnover	4.65	4.50	4.26	4.18	4.54	4.75	5.14	4.89	-	4.75	4.88
Fixed Asset Turnover	6.66	6.74	6.76	7.05	7.60	8.21	8.55	8.09	-	8.12	8.38
Accounts Payable Turnover	13.63	13.32	12.50	12.44	15.37	14.57	18.38	15.35	-	15.01	16.24
Days Sales Outstanding (DSO)	54.54	54.39	54.68	59.32	53.95	51.67	45.25	53.21	-	57.65	57.26
Days Inventory Outstanding (DIO)	78.45	81.12	85.65	87.35	80.47	76.86	71.02	74.65	-	76.90	74.87
Days Payable Outstanding (DPO)	26.79	27.41	29.21	29.33	23.75	25.05	19.86	23.79	-	24.32	22.48
Cash Conversion Cycle (CCC)	106.20	108.10	111.12	117.34	110.67	103.48	96.41	104.07	-	110.24	109.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	313	318	329	519	512	523	527	525	532	550	564
Invested Capital Turnover	1.33	1.32	1.30	1.12	1.22	1.30	1.38	1.15	-	1.14	1.16
Increase / (Decrease) in Invested Capital	25	18	17	210	199	205	199	5.70	20	27	37
Enterprise Value (EV)	1,341	1,950	2,042	2,620	2,046	1,711	2,024	1,660	-	1,604	2,153
Market Capitalization	1,314	1,927	2,024	2,430	1,876	1,549	1,882	1,539	-	1,493	2,051
Book Value per Share	$37.45	$38.61	$40.44	$42.89	$44.66	$46.96	$50.02	$52.38	$54.96	$56.90	$59.77
Tangible Book Value per Share	$14.23	$15.57	$17.23	($1.34)	$1.15	$3.57	$6.56	$8.22	$11.10	$13.53	$16.90
Total Capital	318	329	345	541	532	543	549	550	559	576	580
Total Debt	32	34	35	212	189	183	164	146	135	138	117
Total Long-Term Debt	28	30	35	200	177	170	151	134	123	125	105
Net Debt	27	23	18	190	169	162	142	121	108	111	102
Capital Expenditures (CapEx)	2.76	1.73	2.77	2.13	3.00	2.82	2.86	3.38	3.86	1.69	1.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	85	91	94	119	118	124	120	110	118	140	160
Debt-free Net Working Capital (DFNWC)	90	102	110	135	131	139	135	128	139	160	169
Net Working Capital (NWC)	86	98	110	123	119	126	122	116	126	147	157
Net Nonoperating Expense (NNE)	0.82	0.49	0.45	2.73	2.71	2.41	2.15	1.80	1.76	1.42	1.32
Net Nonoperating Obligations (NNO)	27	23	18	190	169	162	142	121	108	111	102
Total Depreciation and Amortization (D&A)	2.96	3.00	3.03	4.03	4.66	4.63	4.72	-2.41	12	4.90	4.97
Debt-free, Cash-free Net Working Capital to Revenue	21.29%	22.27%	22.43%	25.72%	23.33%	22.73%	20.36%	18.40%	-	22.93%	25.34%
Debt-free Net Working Capital to Revenue	22.60%	25.07%	26.44%	29.27%	26.00%	25.30%	22.89%	21.45%	-	26.21%	26.77%
Net Working Capital to Revenue	21.60%	24.08%	26.44%	26.56%	23.52%	23.01%	20.76%	19.36%	-	24.16%	24.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.52	$1.66	$1.77	$2.13	$2.13	$2.24	$2.23	$2.12	$2.28	$2.27	$2.69
Adjusted Weighted Average Basic Shares Outstanding	7.62M	7.65M	7.67M	7.67M	7.67M	7.69M	7.71M	7.71M	7.71M	7.72M	7.74M
Adjusted Diluted Earnings per Share	$1.49	$1.64	$1.75	$2.11	$2.08	$2.21	$2.21	$2.11	$2.22	$2.24	$2.68
Adjusted Weighted Average Diluted Shares Outstanding	7.70M	7.74M	7.75M	7.77M	7.79M	7.78M	7.77M	7.78M	7.80M	7.80M	7.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.64M	7.67M	7.67M	7.67M	7.68M	7.71M	7.71M	7.71M	7.71M	7.74M	7.75M
Normalized Net Operating Profit after Tax (NOPAT)	13	13	15	20	19	20	20	18	19	19	22
Normalized NOPAT Margin	12.51%	12.75%	13.55%	13.67%	13.45%	13.40%	13.07%	11.92%	-	12.26%	12.77%
Pre Tax Income Margin	11.72%	14.60%	15.77%	14.62%	13.26%	13.69%	14.31%	13.63%	-	14.01%	15.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.77	25.30	31.11	7.11	6.65	8.22	9.10	9.80	-	13.44	16.45
NOPAT to Interest Expense	16.49	20.89	24.27	5.49	5.65	6.98	7.24	7.60	-	10.89	12.96
EBIT Less CapEx to Interest Expense	13.12	22.56	26.31	6.49	5.77	7.22	8.03	8.39	-	12.47	15.77
NOPAT Less CapEx to Interest Expense	12.83	18.14	19.47	4.88	4.76	5.97	6.17	6.19	-	9.92	12.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

UFP Technologies (NASDAQ:UFPT) delivered a strong second quarter of 2026 on the income statement, although cash conversion and liquidity deserve closer monitoring. Revenue increased to $174.0 million, up 12.8% from the first quarter and 15.1% from the restated second quarter of 2025. Gross profit rose to $50.9 million, producing a gross margin of approximately 29.3%, compared with 28.8% in both comparison periods.

Operating income increased to $28.1 million from $23.4 million in Q1 2026 and $24.3 million in Q2 2025. Consolidated net income reached $20.9 million, up 19.2% sequentially and 21.4% year over year. Diluted earnings per share rose to $2.68, compared with $2.24 in Q1 2026 and $2.21 in Q2 2025. The company has generally expanded its quarterly revenue and earnings base since 2023, although the data includes several restated periods and some unusual adjustments to income attributable to common shareholders.

The balance sheet shows a meaningful reduction in debt from the prior quarter and prior-year period. Total debt declined to approximately $117.3 million at June 30, 2026, versus $137.6 million at March 31, 2026, and $163.6 million at June 30, 2025. Total equity increased to $462.4 million, while total assets reached $681.9 million. However, cash declined sharply to $9.0 million from $20.0 million at the end of Q1, primarily because of debt repayments and other financing uses.

Operating cash flow improved substantially from Q1 2026, rising to $15.6 million from $3.2 million. Even so, it was below the $25.3 million generated in Q2 2025. The principal drag was a $13.6 million use of cash from operating assets and liabilities, suggesting that accounts receivable, inventory and other working-capital accounts absorbed cash during the quarter.

Accelerating revenue growth: Q2 2026 revenue increased 15.1% year over year and was approximately 72% above Q3 2023, indicating substantial expansion in the company’s revenue base.
Improving profitability: Gross profit, operating income and consolidated net income all grew at double-digit rates year over year. The operating margin was approximately 16.1%, well above the roughly 15.0% reported in Q2 2024 and 12.6% in Q2 2023.
Higher earnings per share: Diluted EPS increased to $2.68 in Q2 2026 from $2.21 in the comparable 2025 quarter, while diluted shares outstanding remained relatively stable near 7.8 million.
Debt reduction: Total debt has declined steadily from approximately $203.5 million in Q3 2024 to $117.3 million in Q2 2026. Lower leverage should reduce financial risk and interest costs over time.
Strong equity position: Shareholders’ equity increased to $462.4 million, and the company reported no preferred stock or commitments and contingencies in the provided balance-sheet data.
Positive free cash flow in Q2: Operating cash flow of $15.6 million exceeded capital expenditures of $1.2 million, implying approximately $14.5 million of quarterly free cash flow before financing activity.
Working-capital volatility: Operating working capital used $13.6 million of cash in Q2 2026 after using $21.9 million in Q1, compared with a $1.2 million source in Q2 2025. This may reflect growth-related investment in receivables or inventory, but it could pressure cash if sustained.
Cash flow remains uneven: Quarterly operating cash flow has been positive since Q4 2022, but it has varied widely, from $3.2 million in Q1 2026 to $35.9 million in Q3 2025. Investors should evaluate cash generation over several quarters rather than relying on one period.
Low cash balance: Cash and equivalents fell to $9.0 million, down approximately 54.7% sequentially and 39.3% year over year. Although the current ratio remained strong at roughly 3.0, the low cash balance reduces the company’s immediate cushion.
Large goodwill and intangible balances: Goodwill and intangible assets totaled approximately $331.7 million, or nearly 49% of total assets. Any impairment charges related to acquisitions could materially reduce reported earnings and equity.

09/15/26 01:43 PM ETAI Generated. May Contain Errors.

UFP Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, UFP Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

UFP Technologies' net income appears to be on an upward trend, with a most recent value of $68.31 million in 2025, rising from $7.59 million in 2015. The previous period was $58.98 million in 2024. See UFP Technologies' forecast for analyst expectations on what's next for the company.

UFP Technologies' total operating income in 2025 was $92.34 million, based on the following breakdown:

Total Gross Profit: $170.41 million
Total Operating Expenses: $78.07 million

Over the last 10 years, UFP Technologies' total revenue changed from $138.85 million in 2015 to $602.80 million in 2025, a change of 334.1%.

UFP Technologies' total liabilities were at $231.20 million at the end of 2025, a 19.2% decrease from 2024, and a 1,339.3% increase since 2015.

In the past 10 years, UFP Technologies' cash and equivalents has ranged from $3.24 million in 2018 to $37.98 million in 2017, and is currently $20.30 million as of their latest financial filing in 2025.

Over the last 10 years, UFP Technologies' book value per share changed from 14.51 in 2015 to 54.96 in 2025, a change of 278.8%.

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Financial statements for NASDAQ:UFPT last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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UFP Technologies (UFPT) Financials

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UFP Technologies (UFPT) Financials

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