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How UFP Technologies (UFPT) makes money

UFP Technologies (UFPT) made $172M of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Products brought in $169M (98%); Engineering services brought in $2.0M (1%); Tooling and machinery brought in $1.5M (1%). Of every dollar of revenue, 29¢ was left as gross profit, 16¢ was left as operating profit, 12¢ was left as net earnings.

Drawing the Sankey…

UFP Technologies revenue by segment, Q3 2026UFP Technologies revenue by segment, Q3 2026Products$169MEngineering services$2.0MTooling and machinery$1.5M
UFP Technologies: revenue by line, Q3 2025 to Q3 2026UFP Technologies: revenue by line, Q3 2025 to Q3 2026ProductsEngineering servicesTooling and machineryProducts: $169M latest$169MEngineering services: $2.0M latestTooling and machinery: $1.5M latestQ3 2025Q4 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q3 2025 and Q3 2026.
UFP Technologies revenue by quarterUFP Technologies revenue by quarter$148MQ1 2025$151MQ2 2025$155MQ3 2025$149MQ4 2025$154MQ1 2026$174MQ2 2026$172MQ3 2026
UFP Technologies: where each dollar of revenue goesUFP Technologies: where each dollar of revenue goesCost of revenue71¢Gross profit29¢Operating expenses13¢Operating profit16¢Income tax3¢Net earnings12¢Operating cash flow22¢Free cash flow20¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Products$169M98.0%-2%+11%
Engineering services$2.0M1.1%+94%-2%
Tooling and machinery$1.5M0.9%+234%+110%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$172M100.0%
Cost of revenue$122M70.6%
Gross profit$50.8M29.4%
Operating expenses$23.2M13.4%
Operating profit$27.6M16.0%
Income tax$5.5M3.2%
Net earnings$20.6M12.0%
Operating cash flow$38.5M22.4%
Free cash flow$34.6M20.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$172M+12%
Q2 2026$174M+15%
Q1 2026$154M+4%
Q4 2025$149M+3%
Q3 2025$155M+6%
Q2 2025$151M+37%
Q1 2025$148M+41%

From UFP Technologies' 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does UFP Technologies make money?

UFP Technologies (UFPT) made $172M of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Products brought in $169M (98%); Engineering services brought in $2.0M (1%); Tooling and machinery brought in $1.5M (1%). Of every dollar of revenue, 29¢ was left as gross profit, 16¢ was left as operating profit, 12¢ was left as net earnings.

What is UFP Technologies' biggest business?

Products: $169M in the third quarter 2026, 98% of revenue, +11% from a year earlier.

What is UFP Technologies' profit margin?

Net earnings were $20.6M, 12.0% of revenue, in the third quarter 2026; the operating margin was 16.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.