UFP Technologies Inc (UFPT)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 73,025 | 53,902 | 52,718 | 21,205 | 16,283 |
| Revenue | US$ in thousands | 505,715 | 398,082 | 374,929 | 206,246 | 178,831 |
| Pretax margin | 14.44% | 13.54% | 14.06% | 10.28% | 9.11% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $73,025K ÷ $505,715K
= 14.44%
The pretax margin of UFP Technologies Inc has shown a steady upward trend over the past five years, increasing from 9.11% in December 2020 to 14.44% in December 2024. This indicates an improvement in the company's ability to generate profits before taxes relative to its total revenue. The consistent growth in pretax margin reflects effective cost management and operational efficiency, leading to enhanced profitability. Overall, the increasing pretax margin demonstrates UFP Technologies Inc's strong financial performance and strategic management in maximizing earnings.
Peer comparison
Dec 31, 2024
Company name
Symbol
Pretax margin
UFP Technologies Inc
UFPT
14.44%
3M Company
MMM
20.25%
Artivion Inc
AORT
-6.52%
Baxter International Inc
BAX
17.66%
Becton Dickinson and Company
BDX
9.94%
Boston Scientific Corp
BSX
14.20%
DexCom Inc
DXCM
19.72%
Embecta Corp
EMBC
3.95%
Glaukos Corp
GKOS
-38.49%
Globus Medical
GMED
10.54%
Haemonetics Corporation
HAE
5.85%