UFP Technologies Inc (UFPT)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	146,693	130,766	116,993	113,607	112,225	109,375	107,148	101,827	90,260	80,056	66,549	55,639	51,114	49,423	47,935	44,470	44,684	47,070	49,863	54,285
Revenue (ttm)	US$ in thousands	504,413	461,841	416,527	405,191	397,074	386,813	383,088	384,042	358,074	323,180	277,782	228,683	206,351	195,161	187,703	179,327	179,009	184,116	190,075	198,959
Gross profit margin		29.08%	28.31%	28.09%	28.04%	28.26%	28.28%	27.97%	26.51%	25.21%	24.77%	23.96%	24.33%	24.77%	25.32%	25.54%	24.80%	24.96%	25.57%	26.23%	27.28%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $146,693K ÷ $504,413K
= 29.08%

UFP Technologies Inc's gross profit margin has shown fluctuations over the periods outlined. The margin decreased from 27.28% as of March 31, 2020, to a low of 23.96% as of June 30, 2022. Subsequently, it began to increase, reaching 29.08% by December 31, 2024, indicating an improving trend overall.

The company's ability to generate profit from its core operations, after accounting for the cost of goods sold, has demonstrated some volatility, possibly influenced by factors such as changes in pricing strategies, production costs, or sales mix.

Overall, the recent trend towards higher gross profit margins is positive, showcasing the company's capacity to improve profitability and potentially enhance shareholder value. Continued monitoring of this metric will be essential to assess the company's operational efficiency and financial performance in the future.