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UFP Technologies (UFPT) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqCM•Healthcare•Medical Devices
A
ExcellentMetricSide Score: 87/100
ProfitabilityProfit22/25
GrowthGrowth20/25
Balance Sheet & Red FlagsBalance22/25
Cash & Earnings QualityCash23/25

Strongest: Cash & Earnings Quality (23/25); weakest: Growth (20/25).

Price & Volume
Market Cap $2.07B

UFP Technologies, Inc., together with its subsidiaries, designs and manufactures solutions for medical devices, sterile packaging, and other engineered custom products in the United States. The company provides protective drapes for robotic surgery, patient handling and comfort, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, components for cardiac implants, dispenser coils for catheters, and biopharma drug manufacturing. It also offers equipment protection and packaging for firearms, unmanned aerial vehicles/drones, weapon systems, electronic devices communications equipment, and tools and repair kits; cushion and protective packaging; acoustic and thermal insulation components for automotive, aerospace, consumer, and industrial; filtration for small engines, air conditioners, humidifiers, refrigerators, electronic air cleaners, forced air appliances and industrial compressors; fluid management; and seals and gaskets for automotive manufacturing chemical processing, building and construction applications. In addition, the company provides uniform and tactical gear, such as backpack straps and padding, uniform knee and elbow pads, duty belts, holsters, and helmet padding and others; sports and leisure including custom helmet linings, athletic braces, and shoe insoles; and trim and structural components, consist of load floors, sunshades, package trays, back panel, and seat backs. The company serves the medical, aerospace and defence, automotive, consumer, electronics, and industrial markets. It markets and sells its products through a direct sales force. The company was founded in 1963 and is headquartered in Newburyport, Massachusetts.

Moat Signals

Competitive analysis based on 59 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~15.7% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 16.6% suggests a durable competitive advantage and efficient capital allocation.

Risk Signals

Data-driven red flags and warnings across 59 quarters

Low Risk

Margin Pressure

Watch

Operating margins declined 5.6% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

D/E ratio is 0.3 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$608.85M
7Q
Q. Revenue
$154.20M
4%
TTM EBITDA
$104.88M
9%
TTM Op. Income
$92.58M
5%
Q. Op. Income
$23.37M
1%
TTM Net Income
$68.62M
7Q
Q. Net Income
$17.50M
2%
EPS
$2.27
1%
Shares Out.
$7.72M
0%
$608.85M in TTM revenue grew 11.2% YoY, reaching $154.20M last quarter. TTM EBITDA of $104.88M and TTM operating income of $92.58M shows growth is flowing through. Net income of $68.62M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — a improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
28.8%
2Q
EBITDA Margin
18.3%
6%
Op. Margin
15.2%
3%
Net Margin
11.3%
2%
Op. margin of 15.2% is down 0.5% YoY — costs are rising relative to revenue. Net margin at 11.3% and gross margin of 28.8% — earnings take a bigger bite when COGS stays lean.. Over the past year, Operating margin is down 3% — a improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
30.1x
2Q
P/S Ratio
3.4x
2Q
P/B Ratio
4.7x
2Q
At 30.1x P/E, the stock trades at a premium — the market expects above-average growth. P/S of 3.4x and P/B of 4.7x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a deteriorating trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$674.68M
3Q
Cash
$19.98M
42%
Long-Term Debt
$125.11M
27%
Book Value
$438.88M
7Q
D/E Ratio
0.3
6Q
Debt/EBITDA
4.4
34%
With $674.68M in assets and $125.11M in long-term debt, the D/E of 0.3and book value of $438.88M — shows a conservative capital structure — the company has a strong financial cushion to weather downturns. Across the last 8 quarters, Debt/equity has fallen for 6 consecutive quarters — a improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$3.20M
2Q
TTM Free Cash Flow
$69.44M
2Q
FCF Margin
11.4%
2Q
FCF / Net Income
1.0
2Q
TTM FCF of $69.44M on $3.20M in operating cash flow. The FCF / Net Income ratio of 1.0x means earnings are well backed by actual cash — high-quality earnings. Across the last 8 quarters, Free cash flow has fallen for 2 consecutive quarters — a deteriorating trend.

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Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~45.8% growth over the period. Strong demand durability.