UFP Technologies Inc (UFPT)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 58,981 | 44,924 | 41,789 | 15,886 | 13,369 |
| Revenue | US$ in thousands | 505,715 | 398,082 | 374,929 | 206,246 | 178,831 |
| Net profit margin | 11.66% | 11.29% | 11.15% | 7.70% | 7.48% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $58,981K ÷ $505,715K
= 11.66%
UFP Technologies Inc's net profit margin has shown a positive trend over the past five years, increasing from 7.48% in December 2020 to 11.66% in December 2024. This indicates that the company has been able to effectively control its expenses in relation to its revenue, resulting in a higher percentage of profit left after all expenses are deducted. The consistent improvement in net profit margin suggests that UFP Technologies Inc has been successful in managing its costs and increasing operational efficiency, ultimately leading to improved profitability. This trend bodes well for the company's financial health and indicates a positive trajectory in terms of generating profits relative to its revenue.
Peer comparison
Dec 31, 2024