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Ufp Technologies Inc   (UFPT)
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Ufp Technologies Inc 's

Competitiveness


 

UFPT Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Ufp Technologies Inc reported Revenue increase in the 4 quarter 2023 by 10.79 % year on year.
The revenue growth was below Ufp Technologies Inc 's competitors' average revenue growth of 54.16 %, achieved in the same quarter.

List of UFPT Competitors

With a net margin of 11.48 % Ufp Technologies Inc achieved higher profitability than its competitors.

More on UFPT Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Ufp Technologies Inc Net Income in the 4 quarter 2023 grew year on year by 37.18%, while most of its competitors have experienced a contraction in net income by -87.93 %.

<<  UFPT Stock Performance Comparisons


Ufp Technologies Inc 's Comment on Competitors and Industry Peers


The foam and plastics converting industry is highly competitive. While there are several national companies that convert foam and plastics, the Company’s primary competition has been from smaller independent regional manufacturing companies. These companies generally market their products in specific geographic areas from neighboring facilities. In addition, the Company’s foam and fiber packaging products compete against products made from alternative materials, including expanded polystyrene foams, die-cut corrugated, plastic peanuts, plastic bubbles, and foam-in-place urethane. The Company’s custom engineered products face competition primarily from smaller companies that typically concentrate on production of products for specific industries. The Company believes its access to a wide variety of materials, its engineering expertise, its ability to combine foams with other materials such as plastics and laminates, and its ability to manufacture products in a clean room environment, will enable it to continue to compete effectively in the engineered products market.

The Company believes its customers typically select vendors based on price, product performance, product reliability, and customer service. The Company believes it is able to compete effectively with respect to these factors.



  

Overall company Market Share Q4 2023

Overall company revenue, increased less, than total company revenues, at 10.79 % and lost market share, to approximately 8.65 %.
<<  More on UFPT Market Share.
 
*Market share is calculated based on total revenue.





Who are Ufp Technologies Inc 's Competitors?




Avient Corporation
Share Performance



+17.91%
This Quarter



Avient Corporation
Profile

Avient Corporation is a multinational specialty chemical company that operates in the polymer processing industry, offering a diverse portfolio of products and solutions to various end markets. Their business model focuses on developing, manufacturing, and distributing advanced polymer materials and additives while providing customized services and technical support to their customers.

More about Avient Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,950.081 mill. $ 3,142.500 mill. $ 76.200 mill.


Core Molding Technologies Inc
Share Performance



+0.31%
30 Days



Core Molding Technologies Inc
Profile

Core Molding Technologies Inc operates as a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics (FRP). The company primarily serves the transportation, marine, and industrial markets by providing durable and lightweight composite solutions. Their business model revolves around leveraging their expertise in SMC and FRP manufacturing to meet the specific needs of customers in various industries.

More about Core Molding Technologies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 172.182 mill. $ 357.520 mill. $ 20.324 mill.


Deswell Industries Inc
Share Performance



-2.15%
Over The Past 5 Days



Deswell Industries Inc
Profile

Deswell Industries Inc. is a manufacturing company that operates in the consumer electronic products industry. They primarily focus on designing and producing electronic products such as telecommunication products, cameras, and accessories. Their business model revolves around providing high-quality manufacturing services to their customers and generating revenue through the sale of their products.

More about Deswell Industries Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 36.329 mill. $ 77.337 mill. $ 2.059 mill.


Hexcel Corporation
Share Performance



-10.67%
This Quarter



Hexcel Corporation
Profile

Hexcel Corporation operates as a leading advanced composites company, specializing in manufacturing and supplying lightweight, high-performance materials for various industries such as aerospace, defense, automotive, and industrial. The company focuses on providing innovative solutions, including carbon fiber, honeycomb, and other reinforcement materials, to meet the increasing demand for advanced composites in the market. Hexcel's business model is centered around extensive research and development, close collaboration with customers, and efficient manufacturing processes to deliver high-quality, cost-effective products for its global customer base.

More about Hexcel Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5,441.592 mill. $ 1,760.000 mill. $ 160.900 mill.


Quanex Building Products Corporation
Share Performance



+71.44%
One Year



Quanex Building Products Corporation
Profile

Quanex Building Products Corporation operates as a manufacturer of components and systems primarily for the building products industry. Their business model revolves around producing and selling engineered materials, including window and door components, which are used in residential and commercial construction.

More about Quanex Building Products Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,148.244 mill. $ 1,107.822 mill. $ 86.841 mill.


Basanite Inc
Share Performance



0.00%
This Year



Basanite Inc
Profile

Basanite Inc is a company that operates on a business model focused on the production and sale of advanced building materials, primarily its basalt fiber reinforced polymer (BFRP) products, offering innovative solutions to the construction and infrastructure industries.

More about Basanite Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 18.440 mill. $ - mill. $ -3.757 mill.


Proto Labs Inc
Share Performance



-15.53%
This Year



Proto Labs Inc
Profile

Proto Labs Inc operates as a digital manufacturer and provider of on-demand production services, specializing in rapid prototyping and low-volume production runs. The company utilizes its proprietary software and automated manufacturing systems to provide quick turnaround times and cost-effective solutions to customers. Proto Labs Inc offers a range of manufacturing processes, including 3D printing, CNC machining, and injection molding, serving a diverse customer base across various industries.

More about Proto Labs Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 837.518 mill. $ 502.993 mill. $ 17.220 mill.



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