What is Utah Medical Products's work in process?

Utah Medical Products (UTMD) reported work in process of $1.85M in Q1 2026.

How has Utah Medical Products's work in process changed year-over-year?

Utah Medical Products's work in process increased by 19.7% year-over-year, from $1.54M to $1.85M.

What is the long-term trend for Utah Medical Products's work in process?

Over 5 years (2020 to 2025), Utah Medical Products's work in process has grown at a 3.4% compound annual growth rate (CAGR), from $1.38M to $1.63M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Utah Medical Products UTMD Work in process

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Other financials

Income statement

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Revenue$8.7M-10.2%

Gross profit$5.3M-4.6%

Operating income$2.6M-18.6%

Net income$2.6M-14.4%

EPS (diluted)$0.82-10.9%

Balance sheet

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Cash & equivalents$87.4M+4.9%

Total debt$210.0K—

Total equity$120.4M+2.8%

Total assets$124.4M+1.5%

Cash flow

See full

Operating cash flow$3.1M-30.4%

CapEx$130.0K-29.3%

Free cash flow$3.0M-30.4%

Valuation

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Market cap$219.63M+26.4%

Enterprise value$132.44M+42.5%

P/E20.3×+6.4×

P/S5.9×+1.4×

Profitability

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Gross margin57.9%-0.4pp

Operating margin28.8%-3.9pp

Net margin28.9%-4.1pp

FCF margin34.7%0.0pp

Returns & leverage

See full

Return on equity9.1%-1.4pp

Debt / equity0×—

Current ratio28.6×+6.3×

Where this comes from

Reported directly by Utah Medical Products in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Utah Medical Products’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Utah Medical Products's work in process?: Utah Medical Products (UTMD) reported work in process of $1.85M in Q1 2026.
How has Utah Medical Products's work in process changed year-over-year?: Utah Medical Products's work in process increased by 19.7% year-over-year, from $1.54M to $1.85M.
What is the long-term trend for Utah Medical Products's work in process?: Over 5 years (2020 to 2025), Utah Medical Products's work in process has grown at a 3.4% compound annual growth rate (CAGR), from $1.38M to $1.63M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.