UFP Technologies Inc (UFPT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 146,693 | 112,225 | 90,260 | 51,114 | 44,684 |
| Revenue | US$ in thousands | 505,715 | 398,082 | 374,929 | 206,246 | 178,831 |
| Gross profit margin | 29.01% | 28.19% | 24.07% | 24.78% | 24.99% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $146,693K ÷ $505,715K
= 29.01%
The gross profit margin of UFP Technologies Inc has shown a modest decline from 24.99% in December 31, 2020, to 24.07% in December 31, 2022. However, there was a notable improvement in performance as evidenced by a substantial increase to 29.01% by December 31, 2024.
Overall, the fluctuation in the gross profit margin of UFP Technologies Inc indicates varying levels of efficiency in managing production costs and generating revenue from sales. The company's ability to increase its gross profit margin over time suggests improvements in cost control measures or pricing strategies, which may contribute to enhanced profitability and sustainable operations.
Peer comparison
Dec 31, 2024