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Other financials

Income statement

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Revenue$174.0M+15.1%
Gross profit$50.9M+16.9%
Operating income$28.1M+15.5%
Net income$20.9M+21.4%
EPS (diluted)$2.68+21.3%

Balance sheet

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Cash & equivalents$9.0M-39.3%
Total debt$136.3M-24.7%
Total equity$462.4M+20.0%
Total assets$681.9M+7.4%

Cash flow

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Operating cash flow$15.6M-38.4%
CapEx$2.9M+3.1%
Free cash flow$22.5M+151%

Valuation

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Market cap$2.43B+47.6%
Enterprise value$2.56B+41.1%
P/E33.6×+9.1×
P/S3.9×+1.1×

Profitability

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Gross margin28.5%-0.3pp
Operating margin15.3%-0.8pp
Net margin11.4%0.0pp
FCF margin12.3%+2.0pp

Returns & leverage

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Return on equity17.1%-2.2pp
Debt / equity0.3×-0.2×
Current ratio+0.2×

Where this comes from

Reported directly by UFP Technologies in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: UFP Technologies’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 4:13 PM EST
Fiscal year
FY2025
Accession
0001628280-26-012816

On a routine basis, the Company incurs costs related to research and development activity. These costs are expensed as incurred and are largely included in cost of sales in the Consolidated Statements of Comprehensive Income. Approximately $8.6 million, $10.4 million, and $7.2 million were expensed in the years ended December 31, 2025, 2024 and 2023, respectively.

ITEM 16. Form 10-K Summary

FAQ

What is UFP Technologies's R&D?
UFP Technologies (UFPT) reported R&D of $2.15M in Q4 2025.
How has UFP Technologies's R&D changed year-over-year?
UFP Technologies's R&D decreased by 17.3% year-over-year, from $2.6M to $2.15M.
What is the long-term trend for UFP Technologies's R&D?
Over 4 years (2021 to 2025), UFP Technologies's R&D has grown at a 0.3% compound annual growth rate (CAGR), from $8.5M to $8.6M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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