UFP Technologies Inc (UFPT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 57,664 | 55,400 | 21,218 | 16,732 | 24,708 |
| Revenue | US$ in thousands | 398,082 | 374,929 | 206,246 | 178,831 | 197,707 |
| Operating profit margin | 14.49% | 14.78% | 10.29% | 9.36% | 12.50% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $57,664K ÷ $398,082K
= 14.49%
The operating profit margin of UFP Technologies Inc has shown fluctuations over the past five years. In 2023, the operating profit margin was 14.49%, a slight decrease from 14.78% in 2022. This may indicate some challenges in maintaining profitability. However, compared to 2020 and 2019, the operating profit margin has shown improvement, suggesting enhanced operational efficiency and cost management. Overall, the company has demonstrated a generally healthy operating profit margin range over the period, indicating effective control over operating expenses and solid revenue generation capabilities.
Peer comparison
Dec 31, 2023