UTAH MEDICAL PRODUCTS INC UTMD

Healthcare SIC 3841 - Surgical & Medical Instruments & Apparatus NAICS Manufacturing › Miscellaneous Manufacturing › Medical Equipment and Supplies Manufacturing › Surgical and Medical Instrument Manufacturing derived Nasdaq

Currency amounts throughout this report are in thousands except per-share amounts and where noted.

Utah Medical Products, Inc. ("UTMD" or "the Company") is in the business of producing high quality cost-effective medical devices that are predominantly differentiated by safety and improved patient outcomes. Throughout this report, "UTMD" or "the Company" refers jointly to Utah Medical Products, Inc. and all of its corporate subsidiaries. Success depends on 1) recognizing and responding to needs of clinicians and patients, 2) rapidly designing or acquiring economical solutions that gain premarketing regulatory concurrence, 3) reliably producing devices that meet those clinical needs, and then 4) selling through

Last close 74.23 2026-10-23
Market cap $236.3M 2026-06-30 share count
52-week range 53.66 - 76.89

Valuation FY2025 figures against the last close

P/S6.1x
P/E21.3x
P/FCF16.5x
EV/EBITDA12.3x
Dividend yield1.7%
Diluted EPS3.48

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Company Sales in the United States
  • Company Sales in Europe
  • Company Sales Other
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Company Sales in the United States, FY2025: 22.8M (59.1%) 59% Company Sales in the United States Company Sales in Europe, FY2025: 7.9M (20.6%) 21% Company Sales in Europe Company Sales Other, FY2025: 7.8M (20.3%) 20% Company Sales Other FY2024 Company Sales in the United States, FY2024: 23.9M (58.4%) 58% Company Sales in Europe, FY2024: 8.7M (21.3%) 21% Company Sales Other, FY2024: 8.3M (20.4%) 20% FY2023 Company Sales in the United States, FY2023: 30.4M (60.6%) 61% Company Sales in Europe, FY2023: 8.9M (17.8%) 18% Company Sales Other, FY2023: 10.9M (21.7%) 22%
Region FY2025FY2024FY2023
Company Sales in the United States $22.8M $23.9M $30.4M
Company Sales in Europe $7.9M $8.7M $8.9M
Company Sales Other $7.8M $8.3M $10.9M

As the company reported it, from the “Note 9 - Geographic Information: Schedule Of Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $38.5M$40.9M$50.2M$52.3M$49.1M$42.2M$46.9M$42.0M$41.4M$39.3M
Cost of revenue $16.5M$16.8M$20.2M$20.1M$18.1M$16.6M$17.4M$15.7M$15.0M$15.6M
Gross profit $22.0M$24.1M$30.0M$32.2M$30.9M$25.5M$29.5M$26.3M$26.4M$23.7M
R&D $668.0K$813.0K$560.0K$493.0K$526.0K$486.0K$483.0K$454.0K$447.0K$475.0K
SG&A $7.9M$7.8M$11.0M$10.4M$10.1M$9.8M$9.6M$5.4M$5.4M$5.4M
Operating income $11.4M$13.6M$16.8M$19.8M$18.9M$13.7M$17.6M$18.7M$19.0M$16.2M
Pre-tax income $14.1M$16.8M$20.1M$20.7M$19.1M$13.8M$17.9M$19.5M$19.1M$16.4M
Income tax $2.8M$2.9M$3.5M$4.2M$4.3M$3.0M$3.2M$904.0K$10.6M$4.3M
Net income $11.3M$13.9M$16.6M$16.5M$14.8M$10.8M$14.7M$18.6M$8.5M$12.1M
EPS, basic 3.483.964.584.534.052.953.964.972.293.23
EPS, diluted 3.483.964.574.524.042.943.944.952.283.22
Shares, diluted (wtd. avg.) 3.2M3.5M3.6M3.6M3.7M3.7M3.7M3.7M3.7M3.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $85.8M$83.0M$92.9M$75.1M$61.0M$51.6M$42.8M$51.1M$39.9M$26.3M
Receivables $3.5M$4.1M$3.4M$5.5M$5.1M$4.1M$4.7M$4.0M$3.6M$3.2M
Inventory $7.9M$8.8M$9.6M$8.8M$6.6M$6.2M$6.9M$5.4M$5.2M$4.5M
Total current assets $97.7M$96.3M$106.3M$89.9M$73.2M$62.3M$54.9M$60.9M$49.2M$34.5M
Property, plant and equipment $9.9M$9.8M$10.6M$10.2M$10.6M$11.3M$10.7M$10.4M$11.6M$10.0M
Goodwill $14.1M$13.6M$13.7M$13.4M$14.1M$14.2M$14.0M$13.7M$14.1M$13.5M
Other intangibles $840.0K$2.9M$4.9M$10.4M$17.8M$24.0M$30.2M$14.8M$17.8M$18.3M
Total assets $122.5M$122.5M$135.5M$123.9M$115.6M$111.7M$109.8M$99.8M$92.7M$76.2M
Accounts payable $911.0K$696.0K$769.0K$1.2M$761.0K$788.0K$1.1M$975.0K$934.0K$906.0K
Total current liabilities $2.6M$3.8M$4.7M$6.0M$3.7M$3.8M$3.4M$5.3M$5.3M$3.0M
Long-term debt $0$0$0$0$0$0$0$0$0—
Total liabilities $3.3M$5.1M$7.1M$9.6M$8.5M$8.9M$8.7M$10.8M$14.6M$6.9M
Retained earnings $128.7M$129.3M$138.3M$126.0M$115.3M$111.0M$110.8M$100.1M$85.6M$81.1M
Total equity $119.3M$117.4M$128.3M$114.3M$107.1M$102.8M$101.1M$89.0M$78.1M$69.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $14.7M$14.8M$22.3M$21.1M$21.2M$20.1M$17.1M$16.8M$16.9M$14.5M
Depreciation and amortisation $826.0K$730.0K$623.0K$612.0K$636.0K$655.0K$700.0K$765.0K$660.0K$610.0K
Stock-based compensation $373.0K$256.0K$225.0K$183.0K$166.0K$160.0K$113.0K$64.0K$129.0K$92.0K
Capital expenditure $371.0K$230.0K$639.0K$809.0K$552.0K$860.0K$540.0K$402.0K$1.6M$3.3M
Investing cash flow -$371.0K-$208.0K-$639.0K-$818.0K-$552.0K-$860.0K-$21.5M$534.0K-$1.6M-$3.3M
Financing cash flow -$12.3M-$23.8M-$4.2M-$5.5M-$10.9M-$10.7M-$4.2M-$4.8M-$2.7M-$6.3M
Dividends paid $4.0M$4.3M$4.3M$3.2M$11.5M$4.1M$4.1M$4.0M$3.0M$3.9M
Buybacks $8.4M$20.0M$0$2.5M$0$7.0M$398.0K$1.2M$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001096906-26-000395.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20M 40M 60M Revenue, FY2016: 39.3M Gross profit, FY2016: 23.7M Net income, FY2016: 12.1M Revenue, FY2017: 41.4M Gross profit, FY2017: 26.4M Net income, FY2017: 8.5M Revenue, FY2018: 42M Gross profit, FY2018: 26.3M Net income, FY2018: 18.6M Revenue, FY2019: 46.9M Gross profit, FY2019: 29.5M Net income, FY2019: 14.7M Revenue, FY2020: 42.2M Gross profit, FY2020: 25.5M Net income, FY2020: 10.8M Revenue, FY2021: 49.1M Gross profit, FY2021: 30.9M Net income, FY2021: 14.8M Revenue, FY2022: 52.3M Gross profit, FY2022: 32.2M Net income, FY2022: 16.5M Revenue, FY2023: 50.2M Gross profit, FY2023: 30M Net income, FY2023: 16.6M Revenue, FY2024: 40.9M Gross profit, FY2024: 24.1M Net income, FY2024: 13.9M Revenue, FY2025: 38.5M Gross profit, FY2025: 22M Net income, FY2025: 11.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $39.3M $41.4M $42.0M $46.9M $42.2M $49.1M $52.3M $50.2M $40.9M $38.5M
Gross profit $23.7M $26.4M $26.3M $29.5M $25.5M $30.9M $32.2M $30.0M $24.1M $22.0M
Net income $12.1M $8.5M $18.6M $14.7M $10.8M $14.8M $16.5M $16.6M $13.9M $11.3M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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