UFP Technologies Inc (UFPT)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	19,750	18,383	16,876	16,268
Revenue (ttm)	US$ in thousands	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	197,791	198,228	196,447	193,872
Net profit margin		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%	9.99%	9.27%	8.59%	8.39%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $44,924K ÷ $397,074K
= 11.31%

The net profit margin of UFP Technologies Inc has shown some variation over the past five quarters, ranging from a low of 7.25% to a high of 12.95%. The company's net profit margin indicates that, on average, around 10% of its revenue translates into net income. The trend in net profit margin appears to be generally increasing since the beginning of 2022, reflecting improved profitability. It is essential for the company to continue monitoring and managing its expenses and revenue generation to maintain or further enhance its profitability levels in the future.