UFP Technologies, Inc
UFP Technologies is a U.S.-based contract development and manufacturing company focused on single-use and single-patient medical devices and components. Its products are custom-engineered for medical device manufacturers and are used in areas such as minimally invasive surgery, infection prevention, wound care, wearables, orthopedic soft goods, and orthopedic implants.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueCustom disposable devices and components used once per patient or procedure.
Products used in minimally invasive surgery, infection control, and procedural protection.
Soft goods, packaging, and components used in orthopedic and implant applications.
Comfort, support, and patient-handling products for medical use.
Specialty manufacturing components and niche medical-market applications.
Products
Reported · share of revenue- Products98.1 %
- Engineering and Development1.2 %
- Tooling and Machinery0.7 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
UFP Technologies sells primarily to medical device manufacturers that outsource development and production of specialized disposable components. Its customer base includes large OEMs in minimally invasive surgery, orthopedics, infection prevention, and other medical end markets, where custom design and manufacturing speed matter. The company also serves biopharma-related customers for specialized manufacturing components.
Buy custom-engineered single-use devices and components for integration into finished medical products.
Buy drapes, disposables, and protective components used in robotic and endoscopic procedures.
Buy soft goods, packaging, and implant-related components for orthopedic applications.
Buy specialty materials and disposables designed to reduce contamination and improve patient care.
Buy niche manufacturing components used in drug manufacturing and related processes.
Strategy
The company’s strategy centers on organic growth in specialized medical niches and expansion through acquisitions. It competes by combining engineering know-how, specialty materials, and custom manufacturing to help customers speed time to market and improve product performance.
Custom solutions and specialized materials support higher-value customer relationships.
Acquisitions broaden the product set and customer base in adjacent medical categories.
Direct engineering and commercial engagement helps win custom programs and retain OEM accounts.
Geography
UFP Technologies is headquartered in the United States and manufactures goods in the U.S. and outside the U.S. for global medical customers. Its end markets are international, but the business is operationally sensitive to trade policy because tariffs can affect both imported materials and cross-border manufacturing flows.
Risks
UFP Technologies depends on a concentrated set of large medical customers, so volume losses or pricing pressure from a few accounts can materially affect results. The business also faces supply-chain, tariff, and integration risks because it relies on specialty materials, international manufacturing, and acquisitions to support growth.
- Customer concentrationImpact: HighLikelihood: Medium
Two customers represented a very large share of net sales, so loss or slowdown at either account would be material.
Exposure: Intuitive Surgical and Stryker
- Tariff and trade policy exposureImpact: MediumLikelihood: Medium
The company manufactures outside the U.S. and buys materials that can be affected by import tariffs and retaliatory trade actions.
Exposure: Manufacturing and raw materials
- Supply chain and materials riskImpact: MediumLikelihood: Medium
Custom medical products depend on specialized inputs and reliable supplier relationships.
Exposure: Specialty materials
- Acquisition integration riskImpact: MediumLikelihood: Low
Growth through acquisitions can create execution risk around systems, customers, and realized synergies.
Exposure: Recent acquisitions
- Regulatory and climate-related operating riskImpact: LowLikelihood: Medium
Medical manufacturing is exposed to changing regulations, customer standards, and physical supply disruptions.
Exposure: Facilities and supply chain
Accounting
Judgemental itemsAcquisitions created a large intangible asset base that must be tested for impairment and amortized where applicable.
Impact: Can cause non-cash charges and affect reported earnings
Realization depends on future taxable income and may require valuation adjustments.
Impact: Can change tax expense and net income
Borrowings under the credit facility require compliance with financial covenants.
Impact: Affects liquidity disclosure and going-concern risk assessment
Purchase accounting allocates value to customer lists, trade names, and other intangibles.
Impact: Affects amortization, goodwill, and post-deal comparability
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Last updated: 24/09/2026