UFP Technologies Inc (UFPT)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	53,901	51,780	62,878	58,528	52,718	47,577	27,395	21,996	21,205	21,491	20,142	16,844	16,282	18,101	20,342	23,596	23,647	22,048	21,726	20,821
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
Pretax margin		13.57%	13.39%	16.41%	15.24%	14.72%	14.72%	9.86%	9.62%	10.28%	11.01%	10.73%	9.39%	9.10%	9.83%	10.70%	11.86%	11.96%	11.12%	11.06%	10.74%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $53,901K ÷ $397,074K
= 13.57%

The pretax margin of UFP Technologies Inc has exhibited some fluctuations over the past few quarters. The company's pretax margin consistently improved from the fourth quarter of 2020 through the second quarter of 2023, reaching its peak at 16.41% in the third quarter of 2023. However, in the most recent quarter (fourth quarter of 2023), the pretax margin decreased slightly to 13.57%.

Overall, UFP Technologies Inc has shown a generally positive trend in its pretax margin over the past few quarters, indicating an efficient management of expenses relative to its operating income. It is important for the company to continue monitoring and managing its expenses effectively to sustain and potentially improve its pretax margin in the future.