UFP Technologies Inc (UFPT)

Net 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
Net income (ttm)	US$ in thousands	58,981	54,214	49,547	47,878	44,924	41,778	49,624	46,670	41,789	36,546	20,795	16,581	15,886	16,839	16,038	13,641	13,369	14,974	17,627	19,907
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
Net profit margin		11.69%	11.74%	11.90%	11.82%	11.31%	10.80%	12.95%	12.15%	11.67%	11.31%	7.49%	7.25%	7.70%	8.63%	8.54%	7.61%	7.47%	8.13%	9.27%	10.01%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $58,981K ÷ $504,413K
= 11.69%

The net profit margin of UFP Technologies Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The net profit margin started at 10.01% in March 2020 and gradually decreased to 7.47% by the end of December 2020. However, there was a slight increase in the net profit margin to 8.54% in June 2021 before declining again to 7.25% by March 2022.

From September 2022 onwards, there was a notable improvement in the net profit margin, reaching a peak of 12.95% in June 2023. Despite a slight fluctuation in the following quarters, the net profit margin remained relatively stable around the range of 11.31% to 11.90% until the end of December 2024.

Overall, it is evident that UFP Technologies Inc experienced fluctuations in its net profit margin over the analyzed period, with periods of decline and growth. The company managed to maintain a double-digit net profit margin in the later years, indicating effective cost management and revenue generation strategies.