UFP Technologies, Inc. UFPT

Competitive advantage analysis · healthcare

Medical Devices & Diagnostics
Overall moat score
65/100
Moderate

About UFP Technologies, Inc.

UFP Technologies, Inc. designs and manufactures solutions for medical devices, sterile packaging, and other engineered custom products in the United States. The company offers 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 … Full UFPT analysis →

Competitive advantage assessment

Key strengths

  • Superior Capital Returns Capital return quality is top-tier (score 0.87). High ROIC indicates the business is reinvesting at attractive rates.
  • Strong FCF Generation FCF margin quality is top-tier vs peers (score 0.85). High FCF conversion confirms strong earnings quality.

Key risks

  • Below-Peer Gross Margins Gross margin quality lags peers (score 0.18). May indicate commodity-like product mix or distributor margin drag.
  • Operating Margin Compression Operating margin trend is negative (score 0.38). Sustained compression would reduce the commercial moat.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power & Consumable Moat

Developing
40

Where UFPT ranks in Medical Devices

UFP Technologies, Inc. ranks #37 of 160 scored companies in Medical Devices by moat score — the top 23%. The widest moat in the group is iRadimed Corporation (IRMD) at 83/100.

Moat scores for companies ranked near UFPT in Medical Devices
# Company Moat score Rating
33 CONMED Corporation CNMD 65/100 Moderate
34 iRhythm Technologies, Inc. IRTC 65/100 Moderate
35 Masimo Corporation MASI 65/100 Moderate
36 Quipt Home Medical Corp. QIPT 65/100 Moderate
37 UFP Technologies, Inc. UFPT 65/100 Moderate
38 Alphatec Holdings, Inc. ATEC 65/100 Moderate
39 Integer Holdings Corporation ITGR 63/100 Moderate
40 SI-BONE, Inc. SIBN 63/100 Moderate
41 Paragon 28, Inc. FNA 63/100 Moderate

See every Medical Devices & Diagnostics company ranked by moat score →

How UFPT scores on the Medical Devices & Diagnostics defenses

Pricing Power & Consumable Moat

Score 40 · 25% of the moat score

In MedTech, pricing power is rarely about the machine — it is about what the machine consumes.

R&D Pipeline & Capital Returns

Score 88 · 20% of the moat score

Research spending is how a device company keeps its installed base current, but spending alone proves nothing.

FCF Quality & Cash Conversion

Score 66 · 20% of the moat score

MedTech companies grow by acquisition, and the resulting intangible amortisation depresses reported earnings without consuming any cash.

Commercial Execution

Score 69 · 15% of the moat score

Devices are sold into hospitals and labs through committees, tenders and long qualification cycles, which makes the sales organisation expensive and hard to replicate.

Capital Structure & Resilience

Score 70 · 12% of the moat score

Serial acquirers carry debt, and the question is whether the cash flows underneath it are dependable enough to service it through a downturn.

Growth Durability

Score 70 · 8% of the moat score

Growth durability separates an expanding installed base from a good product cycle.

How each Medical Devices & Diagnostics defense is measured, in full →

Understanding UFPT's moat

What is UFP Technologies, Inc.'s moat score?

UFP Technologies, Inc. (UFPT) scores 65 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #37 of 160 scored companies in Medical Devices, the top 23%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 159 companies in Medical Devices. Its strongest defense is R&D Pipeline & Capital Returns (88/100) and its weakest is Pricing Power & Consumable Moat (40/100).

How does UFP Technologies, Inc. compare with other Medical Devices companies?

UFP Technologies, Inc. ranks #37 of 160 scored companies in Medical Devices by moat score. The widest moat in Medical Devices is iRadimed Corporation (IRMD) at 83/100. The companies ranked closest are Quipt Home Medical Corp. (QIPT) at 65 just above it and Alphatec Holdings, Inc. (ATEC) at 64 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Medical Devices & Diagnostics in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 159 companies in Medical Devices. The defenses are then weighted to produce the overall score out of 100.

Why is UFP Technologies, Inc. scored with the Medical Devices & Diagnostics template?

Medical device and diagnostics companies place an instrument once and then sell the consumables, reagents and service that instrument needs for the next decade. The economics are a razor-and-blade model wrapped in regulatory approval and clinician habit, so the MedTech template scores the durability of that installed base rather than the size of any single product launch.

Which competitive defenses are measured for UFP Technologies, Inc.?

The Medical Devices & Diagnostics template measures 6 defenses, and UFPT scores: Pricing Power & Consumable Moat (40), R&D Pipeline & Capital Returns (88), FCF Quality & Cash Conversion (66), Commercial Execution (69), Capital Structure & Resilience (70), Growth Durability (70). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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