$73.06

-0.46 (-0.63%)

After Hours: $74.59 (+1.53, +2.09%)

Weekly Expected Move ±1.5%

$72 $73 $74 $75 $76

NASDAQ · Healthcare · Medical - Instruments & Supplies · Tech Score Neutral · Power 48 · $233.3M mcap · 3M float · 1.19% daily turnover · Short 63% of daily vol

Credit Risk of going bust: lower than 98% of companies Debt: 0.1% of company value Bonds: none of note held by US funds details ▾

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.00 (down more than 99.9%), Utah Medical Products, Inc. would be worth roughly what it owes.
Total debt $180K against a stock market value of $233.3M.
Distance to default 28.26 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $90K (short-term plus half of long-term), stock volatility 27.8%; Altman Z 28.31. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

45.3 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 24.1% · 5Y Avg: 47.3%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. UTMD shows a Weak competitive edge (45.3/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 24.1% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. UTMD receives an overall rating of A-. Strongest factors: DCF (4/5), ROA (5/5), D/E (4/5). Areas of concern: P/E (2/5).

Rating Change History

Date	From	To
2026-10-26	C	A-
2026-10-23	A-	C
2026-10-12	B+	A-
2026-10-01	A	B+
2026-08-12	A-	A
2026-07-25	A	A-
2026-07-10	A-	A
2026-07-01	A	A-
2026-05-14	A+	A
2026-05-11	A	A+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 61 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. UTMD scores highest in Safety (100/100) and lowest in Growth (21/100). An overall grade of A+ places UTMD among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

54.97

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✗ ✓ ✓ ✓ ✓ ✓ ✗

Beneish M-Score

-2.68

Unlikely Manipulator

Ohlson O-Score

-18.61

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA+

Score: 93.0/100

Trend: Improving

Earnings Quality

100/100

OCF/NI: 1.13x

Accruals: -1.1%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. UTMD scores 54.97, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. UTMD scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. UTMD's score of -2.68 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. UTMD's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. UTMD receives an estimated rating of AA+ (score: 93.0/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). UTMD's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

21.98x

PEG

-3.89x

P/S

6.68x

P/B

1.89x

P/FCF

19.19x

P/OCF

18.54x

EV/EBITDA

8.65x

EV/Revenue

3.66x

EV/EBIT

10.27x

EV/FCF

11.56x

Earnings Yield

4.77%

FCF Yield

5.21%

Shareholder Yield

2.64%

Graham Number

$53.29

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 22.0x earnings, UTMD commands a growth premium. Graham's intrinsic value formula yields $53.29 per share, 38% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.814

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.357

EBIT / Rev

Asset Turnover

0.294

Rev / Assets

Equity Multiplier

1.024

Assets / Equity

ROE

8.8%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. UTMD's ROE of 8.8% is driven by EBIT Margin (0.357) as the dominant factor.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$27.99

Price/Value

2.46x

Margin of Safety

-146.42%

Premium

146.42%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with UTMD's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. UTMD trades at a 146% premium to its adjusted intrinsic value of $27.99, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 22.0x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$73.06

Median 1Y

$67.63

5th Pctile

$38.69

95th Pctile

$118.35

Ann. Volatility

32.1%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Kevin L. Cornwell Chairman & CEO	$87,000	$—	$341,709
Brian L. Koopman Principal Financial Officer	$153,247	$—	$179,077

CEO Pay Ratio

6:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $341,709

Avg Employee Cost (SGA/emp): $55,750

Employees: 140

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

140

-9.7% YoY

Revenue / Employee

$275,143

Rev: $38,520,000

Profit / Employee

$80,614

NI: $11,286,000

SGA / Employee

$55,750

Avg labor cost proxy

R&D / Employee

$4,771

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	13.5%	14.1%	14.3%	14.9%	14.7%	14.9%	15.1%	15.0%	14.6%	13.7%	13.3%	12.7%	12.3%	11.3%	10.6%	10.4%	9.6%	9.5%	9.1%	8.8%	8.75%
ROA	12.4%	13.0%	13.1%	13.7%	13.5%	13.8%	13.9%	14.0%	13.5%	12.8%	12.4%	12.0%	11.7%	10.8%	10.0%	10.0%	9.2%	9.2%	8.8%	8.5%	8.55%
ROIC	30.4%	31.5%	34.7%	37.9%	40.3%	39.9%	42.5%	41.4%	40.9%	38.9%	39.3%	36.1%	34.0%	32.3%	30.9%	28.7%	27.6%	27.0%	26.3%	24.1%	24.08%
ROCE	15.7%	16.9%	17.2%	17.8%	17.7%	17.4%	17.1%	16.7%	16.2%	14.8%	14.8%	14.5%	14.0%	13.7%	12.8%	12.4%	11.7%	11.4%	11.1%	10.5%	10.52%
Gross Margin	64.2%	62.8%	61.1%	60.7%	63.2%	61.3%	62.6%	47.6%	45.9%	57.6%	59.7%	55.2%	52.7%	58.1%	57.0%	50.8%	51.6%	52.3%	60.6%	55.8%	55.79%
Operating Margin	40.6%	39.7%	36.7%	37.7%	39.7%	37.4%	35.5%	34.4%	31.7%	32.0%	34.2%	33.1%	33.4%	32.0%	32.5%	32.1%	26.6%	27.0%	29.4%	31.1%	31.06%
Net Margin	33.5%	32.0%	28.7%	30.6%	33.0%	33.6%	33.7%	32.6%	31.5%	34.8%	34.9%	33.2%	35.6%	31.7%	31.3%	30.6%	26.8%	28.4%	29.9%	31.5%	31.49%
EBITDA Margin	55.1%	53.8%	51.4%	50.9%	53.2%	55.1%	52.8%	54.0%	52.5%	45.6%	46.9%	47.2%	49.2%	43.5%	43.1%	46.0%	41.4%	42.6%	44.4%	41.2%	41.18%
FCF Margin	44.9%	42.1%	39.5%	39.2%	37.6%	38.9%	42.7%	43.1%	42.8%	43.1%	40.8%	38.8%	38.9%	36.2%	35.3%	36.1%	35.9%	37.2%	34.7%	31.7%	31.70%
OCF Margin	45.7%	43.2%	41.1%	40.7%	39.6%	40.4%	43.9%	44.5%	44.0%	44.4%	42.1%	39.7%	39.1%	36.3%	35.7%	36.4%	36.6%	38.1%	35.5%	32.8%	32.81%
ROE 3Y Avg	snapshot only																				10.62%
ROE 5Y Avg	snapshot only																				12.18%
ROA 3Y Avg	snapshot only																				10.28%
ROIC 3Y Avg	snapshot only																				30.78%
ROIC Economic	snapshot only																				6.88%
Cash ROA	snapshot only																				9.51%
Cash ROIC	snapshot only																				34.14%
CROIC	snapshot only																				32.99%
NOPAT Margin	snapshot only																				23.14%
Pretax Margin	snapshot only																				35.68%
R&D / Revenue	snapshot only																				1.90%
SGA / Revenue	snapshot only																				24.59%
SBC / Revenue	snapshot only																				1.10%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	22.20	23.22	20.23	18.50	18.27	21.05	19.12	18.77	17.74	17.67	15.17	14.65	14.86	14.70	14.09	14.57	17.28	15.86	18.20	20.95	21.976
P/S Ratio	6.49	7.00	6.14	5.77	5.68	6.63	6.25	6.24	5.83	5.85	5.07	4.91	5.14	4.98	4.65	4.71	5.20	4.65	5.26	6.08	6.676
P/B Ratio	2.84	3.21	2.83	2.75	2.71	3.03	2.78	2.66	2.42	2.29	1.94	1.85	1.83	1.74	1.56	1.56	1.70	1.50	1.64	1.80	1.895
P/FCF	14.43	16.63	15.52	14.73	15.10	17.06	14.65	14.47	13.60	13.58	12.41	12.66	13.23	13.76	13.18	13.04	14.47	12.50	15.16	19.19	19.187
P/OCF	14.20	16.20	14.94	14.17	14.34	16.40	14.25	14.02	13.25	13.19	12.04	12.38	13.16	13.75	13.02	12.94	14.19	12.18	14.80	18.54	18.539
EV/EBITDA	9.79	10.78	9.09	8.49	8.30	9.88	8.90	8.58	7.68	7.81	6.33	6.24	6.67	6.34	5.53	5.71	6.95	5.60	6.74	8.65	8.650
EV/Revenue	5.16	5.77	4.84	4.48	4.34	5.20	4.71	4.61	4.12	4.01	3.16	3.00	3.14	2.96	2.53	2.60	3.02	2.43	2.94	3.66	3.664
EV/EBIT	13.76	14.95	12.49	11.59	11.28	13.30	11.90	11.46	10.32	10.37	8.08	7.68	7.86	7.45	6.58	6.84	8.42	6.81	8.21	10.27	10.269
EV/FCF	11.47	13.70	12.24	11.45	11.54	13.38	11.05	10.71	9.62	9.30	7.74	7.74	8.09	8.18	7.19	7.20	8.42	6.52	8.47	11.56	11.558
Earnings Yield	4.5%	4.3%	4.9%	5.4%	5.5%	4.8%	5.2%	5.3%	5.6%	5.7%	6.6%	6.8%	6.7%	6.8%	7.1%	6.9%	5.8%	6.3%	5.5%	4.8%	4.77%
FCF Yield	6.9%	6.0%	6.4%	6.8%	6.6%	5.9%	6.8%	6.9%	7.4%	7.4%	8.1%	7.9%	7.6%	7.3%	7.6%	7.7%	6.9%	8.0%	6.6%	5.2%	5.21%
Price/Tangible Book	snapshot only																				2.039
EV/OCF	snapshot only																				11.167
EV/Gross Profit	snapshot only																				6.671
Acquirers Multiple	snapshot only																				12.886
Shareholder Yield	snapshot only																				2.64%
Graham Number	snapshot only																				$53.29

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	15.12	19.53	13.03	17.79	13.44	15.09	15.66	19.21	24.38	22.56	19.57	25.98	29.59	25.64	22.29	41.87	32.06	37.62	28.64	48.62	48.618
Quick Ratio	13.87	17.77	11.83	16.13	12.11	13.61	14.02	17.24	22.06	20.53	17.89	23.68	26.94	23.29	20.29	38.22	29.36	34.57	26.15	44.27	44.269
Debt/Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.002
Net Debt/Equity	-0.58	-0.57	-0.60	-0.61	-0.64	-0.65	-0.68	-0.69	-0.71	-0.72	-0.73	-0.72	-0.71	-0.70	-0.71	-0.70	-0.71	-0.72	-0.72	-0.72	-0.716
Debt/Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.002
Debt/EBITDA	0.01	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.013
Net Debt/EBITDA	-2.52	-2.31	-2.44	-2.43	-2.56	-2.71	-2.90	-3.02	-3.18	-3.59	-3.82	-3.97	-4.24	-4.32	-4.62	-4.64	-5.00	-5.13	-5.33	-5.71	-5.710
Interest Coverage	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity Multiplier	1.09	1.08	1.10	1.08	1.09	1.08	1.08	1.07	1.06	1.06	1.06	1.05	1.04	1.04	1.05	1.03	1.03	1.03	1.03	1.02	1.021
Cash Ratio	snapshot only																				42.284
Cash to Debt	snapshot only																				448.862
FCF to Debt	snapshot only																				58.703
Defensive Interval	snapshot only																				3476.5 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.42	0.43	0.43	0.44	0.43	0.44	0.42	0.42	0.41	0.39	0.37	0.36	0.34	0.32	0.30	0.31	0.31	0.31	0.30	0.29	0.294
Inventory Turnover	3.13	3.09	2.83	2.88	2.69	2.61	2.31	2.46	2.60	2.55	2.43	2.21	2.04	1.93	1.94	2.04	2.05	2.17	2.00	1.89	1.889
Receivables Turnover	10.55	10.64	10.21	10.74	9.48	9.97	11.00	12.16	10.81	11.56	13.24	12.81	12.23	11.01	10.42	10.64	10.38	10.12	9.90	10.03	10.034
Payables Turnover	23.55	25.56	16.49	19.33	16.97	20.30	16.09	19.90	26.03	23.57	23.01	19.57	25.42	27.12	18.19	22.45	19.98	24.94	16.51	20.18	20.181
DSO	35	34	36	34	38	37	33	30	34	32	28	28	30	33	35	34	35	36	37	36	36.4 days
DIO	116	118	129	127	136	140	158	149	140	143	150	165	179	189	188	179	178	169	182	193	193.3 days
DPO	16	14	22	19	22	18	23	18	14	15	16	19	14	13	20	16	18	15	22	18	18.1 days
Cash Conversion Cycle	136	138	142	142	153	159	169	160	160	159	162	175	194	208	203	197	195	190	197	212	211.6 days
Fixed Asset Turnover	snapshot only																				3.749
Operating Cycle	snapshot only																				229.6 days
Cash Velocity	snapshot only																				0.413
Capital Intensity	snapshot only																				3.450

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	14.6%	16.3%	19.3%	11.2%	7.2%	6.6%	4.1%	1.3%	-0.3%	-3.9%	-6.5%	-10.3%	-14.4%	-18.6%	-19.9%	-16.6%	-12.4%	-5.8%	-4.4%	-7.0%	-7.00%
Net Income	19.8%	37.0%	43.2%	24.9%	14.1%	11.4%	12.1%	8.0%	5.3%	1.0%	-4.5%	-9.4%	-9.7%	-16.6%	-20.9%	-19.7%	-23.8%	-18.7%	-16.3%	-16.5%	-16.47%
EPS	19.6%	36.4%	42.8%	25.0%	14.8%	12.4%	13.0%	8.3%	5.2%	1.2%	-4.0%	-6.6%	-5.6%	-10.7%	-13.5%	-12.6%	-17.4%	-13.8%	-13.0%	-14.8%	-14.85%
FCF	14.5%	7.1%	1.8%	-2.8%	-10.3%	-1.6%	12.3%	11.5%	13.5%	6.5%	-10.6%	-19.2%	-22.3%	-31.5%	-30.8%	-22.4%	-19.0%	-3.4%	-6.0%	-18.4%	-18.37%
EBITDA	18.9%	25.4%	27.9%	13.6%	6.5%	5.0%	3.7%	3.3%	2.2%	-6.4%	-12.0%	-19.7%	-24.8%	-25.8%	-26.4%	-21.2%	-19.0%	-12.8%	-9.1%	-13.5%	-13.45%
Op. Income	27.8%	37.7%	42.1%	19.9%	10.1%	4.8%	1.0%	-3.7%	-9.8%	-15.2%	-17.7%	-20.1%	-18.4%	-19.0%	-20.7%	-17.1%	-18.6%	-16.1%	-15.9%	-18.7%	-18.66%
OCF Growth	snapshot only																				-16.16%
Asset Growth	snapshot only																				3.12%
Equity Growth	snapshot only																				3.83%
Debt Growth	snapshot only																				-23.83%
Shares Change	snapshot only																				-1.91%
Dividend Growth	snapshot only																				-2.20%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	4.3%	5.3%	6.4%	6.2%	4.8%	3.7%	3.7%	5.7%	7.0%	6.0%	5.1%	0.4%	-2.9%	-5.9%	-8.0%	-8.8%	-9.2%	-9.7%	-10.6%	-11.4%	-11.40%
Revenue 5Y	3.8%	4.5%	5.1%	5.3%	5.2%	4.8%	4.5%	4.2%	3.9%	3.6%	3.2%	1.7%	-0.3%	-2.7%	-3.6%	-2.5%	-1.7%	-1.8%	-2.3%	-4.8%	-4.75%
EPS 3Y	4.5%	-6.6%	-3.9%	-0.9%	6.2%	4.8%	6.1%	11.5%	13.1%	15.7%	15.7%	8.1%	4.5%	0.5%	-2.1%	-4.0%	-6.4%	-8.0%	-10.3%	-11.4%	-11.43%
EPS 5Y	2.9%	4.5%	4.6%	4.6%	3.7%	14.8%	14.3%	13.4%	6.6%	-1.5%	-0.8%	-0.3%	3.6%	0.8%	-0.2%	2.5%	2.4%	3.6%	3.1%	-1.2%	-1.21%
Net Income 3Y	3.6%	-7.3%	-4.6%	-1.7%	5.3%	3.8%	5.2%	11.3%	12.9%	15.5%	15.3%	6.9%	2.7%	-2.1%	-5.4%	-7.7%	-10.2%	-11.8%	-14.2%	-15.3%	-15.29%
Net Income 5Y	2.2%	4.0%	4.2%	4.1%	3.1%	14.1%	13.6%	12.7%	6.0%	-2.2%	-1.4%	-1.5%	2.1%	-1.2%	-2.5%	0.1%	-0.2%	0.9%	0.3%	-3.9%	-3.90%
EBITDA 3Y	4.9%	6.6%	7.7%	7.2%	5.5%	3.9%	4.1%	8.1%	9.0%	7.2%	5.3%	-2.0%	-6.4%	-10.0%	-12.5%	-13.2%	-14.6%	-15.4%	-16.2%	-18.2%	-18.18%
EBITDA 5Y	5.5%	6.6%	6.7%	6.1%	5.3%	4.8%	4.7%	4.7%	4.7%	3.5%	2.6%	0.4%	-2.0%	-4.8%	-6.1%	-4.4%	-4.6%	-4.4%	-4.8%	-8.5%	-8.47%
Gross Profit 3Y	2.1%	3.6%	6.4%	6.1%	4.8%	3.0%	3.3%	4.2%	2.4%	1.6%	2.4%	-1.9%	-4.3%	-7.6%	-11.4%	-12.7%	-13.1%	-14.1%	-14.8%	-13.4%	-13.35%
Gross Profit 5Y	3.3%	4.3%	5.6%	5.3%	4.7%	4.1%	4.0%	2.6%	1.0%	0.4%	-0.3%	-1.0%	-2.2%	-4.7%	-5.8%	-4.7%	-4.3%	-4.4%	-3.5%	-5.9%	-5.87%
Op. Income 3Y	-1.7%	0.3%	3.1%	4.7%	4.8%	3.9%	4.3%	8.6%	8.3%	7.0%	5.7%	-2.7%	-6.8%	-10.4%	-13.0%	-13.9%	-15.7%	-16.8%	-18.1%	-18.7%	-18.66%
Op. Income 5Y	1.9%	3.1%	3.3%	2.7%	1.9%	0.8%	0.5%	-0.2%	-1.2%	-2.1%	-1.9%	-2.5%	-3.2%	-5.1%	-5.9%	-3.2%	-3.4%	-3.6%	-4.7%	-9.1%	-9.07%
FCF 3Y	12.4%	7.9%	—	—	—	—	6.8%	3.4%	5.2%	3.9%	0.8%	-4.3%	-7.5%	-10.5%	-11.4%	-11.3%	-10.6%	-11.0%	-16.5%	-20.0%	-20.02%
FCF 5Y	8.0%	13.0%	11.9%	12.3%	9.2%	5.8%	8.8%	8.0%	7.6%	5.7%	—	—	—	—	-5.5%	-7.1%	-6.0%	-5.8%	-7.8%	-11.1%	-11.12%
OCF 3Y	9.1%	8.0%	8.0%	13.9%	8.8%	7.4%	5.9%	2.6%	4.2%	3.4%	1.1%	-4.2%	-7.8%	-11.2%	-12.2%	-12.2%	-11.6%	-11.4%	-16.6%	-20.0%	-19.95%
OCF 5Y	7.9%	7.9%	7.1%	7.5%	5.4%	4.6%	7.1%	6.4%	6.0%	5.8%	4.7%	5.5%	1.6%	-2.8%	-6.3%	-7.9%	-6.7%	-6.1%	-7.8%	-10.8%	-10.83%
Assets 3Y	6.5%	5.0%	4.5%	4.0%	4.4%	4.1%	7.4%	8.0%	7.0%	6.6%	5.8%	3.6%	2.7%	2.0%	0.8%	1.3%	1.0%	-0.4%	-0.9%	-1.5%	-1.53%
Assets 5Y	7.7%	8.6%	7.8%	6.2%	5.5%	6.0%	5.6%	6.1%	5.8%	6.3%	5.2%	4.7%	4.5%	2.2%	3.5%	3.1%	2.6%	1.9%	1.7%	1.3%	1.30%
Equity 3Y	7.4%	6.4%	5.8%	4.6%	4.4%	4.2%	7.7%	8.5%	7.9%	7.7%	6.8%	4.9%	4.1%	3.1%	2.4%	3.0%	3.0%	1.4%	0.7%	0.1%	0.07%
Book Value 3Y	8.3%	7.1%	6.5%	5.4%	5.4%	5.2%	8.6%	8.7%	8.1%	7.9%	7.2%	6.1%	5.9%	5.9%	5.9%	7.1%	7.4%	5.9%	5.2%	4.6%	4.63%
Dividend 3Y	0.9%	41.7%	37.3%	37.5%	37.5%	-34.3%	-25.4%	-25.8%	-25.8%	10.9%	0.9%	1.7%	1.9%	2.5%	2.5%	2.3%	2.2%	2.0%	2.5%	3.1%	3.12%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.65	0.63	0.64	0.91	0.78	0.66	0.64	0.90	0.80	0.75	0.64	0.39	0.03	0.09	0.18	0.09	0.06	0.12	0.18	0.51	0.514
Earnings Stability	0.02	0.06	0.08	0.17	0.26	0.13	0.21	0.41	0.69	0.00	0.02	0.09	0.52	0.14	0.05	0.07	0.01	0.00	0.02	0.24	0.238
Margin Stability	0.97	0.98	0.96	0.97	0.97	0.97	0.96	0.96	0.94	0.94	0.92	0.94	0.94	0.93	0.92	0.94	0.93	0.93	0.93	0.96	0.962
Rev. Growth Consistency	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.92	0.85	0.83	0.90	0.94	0.95	0.95	0.97	0.98	1.00	0.98	0.96	0.96	0.93	0.92	0.92	0.90	0.93	0.93	0.93	0.934
Earnings Smoothness	0.82	0.69	0.64	0.78	0.87	0.89	0.89	0.92	0.95	0.99	0.95	0.90	0.90	0.82	0.77	0.78	0.73	0.79	0.82	0.82	0.820
ROE Trend	-0.00	0.01	0.01	0.02	0.02	0.02	0.02	0.01	-0.00	-0.01	-0.01	-0.02	-0.02	-0.02	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03	-0.030
Gross Margin Trend	-0.03	-0.02	0.03	0.02	0.01	0.01	0.02	-0.02	-0.06	-0.07	-0.10	-0.06	-0.02	-0.01	-0.01	-0.02	-0.01	-0.02	-0.00	0.00	0.004
FCF Margin Trend	0.29	0.24	-0.03	-0.06	-0.07	-0.05	-0.00	0.01	0.02	0.03	-0.00	-0.02	-0.01	-0.05	-0.06	-0.05	-0.05	-0.02	-0.03	-0.06	-0.058
Sustainable Growth Rate	9.5%	3.2%	4.6%	5.1%	5.1%	12.0%	11.4%	11.3%	10.9%	10.2%	9.8%	9.2%	8.8%	7.8%	7.2%	7.0%	6.3%	6.2%	5.8%	5.5%	5.46%
Internal Growth Rate	9.6%	3.0%	4.3%	5.0%	4.9%	12.5%	11.7%	11.8%	11.3%	10.5%	10.1%	9.5%	9.2%	8.1%	7.3%	7.2%	6.4%	6.3%	5.9%	5.6%	5.64%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.56	1.43	1.35	1.31	1.27	1.28	1.34	1.34	1.34	1.34	1.26	1.18	1.13	1.07	1.08	1.13	1.22	1.30	1.23	1.13	1.130
FCF/OCF	0.98	0.97	0.96	0.96	0.95	0.96	0.97	0.97	0.97	0.97	0.97	0.98	0.99	1.00	0.99	0.99	0.98	0.97	0.98	0.97	0.966
FCF/Net Income	snapshot only																				1.092
OCF/EBITDA	snapshot only																				0.775
CapEx/Revenue	0.7%	1.1%	1.5%	1.5%	2.0%	1.6%	1.2%	1.4%	1.1%	1.3%	1.3%	0.9%	0.2%	0.0%	0.4%	0.3%	0.7%	1.0%	0.8%	1.1%	1.11%
CapEx/Depreciation	snapshot only																				0.166
Accruals Ratio	-0.07	-0.06	-0.05	-0.04	-0.04	-0.04	-0.05	-0.05	-0.05	-0.04	-0.03	-0.02	-0.02	-0.01	-0.01	-0.01	-0.02	-0.03	-0.02	-0.01	-0.011
Sloan Accruals	snapshot only																				0.033
Cash Flow Adequacy	snapshot only																				2.729
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	1.3%	3.3%	3.4%	3.5%	3.6%	0.9%	1.3%	1.3%	1.4%	1.5%	1.7%	1.9%	1.9%	2.1%	2.3%	2.2%	2.0%	2.2%	2.0%	1.8%	1.69%
Dividend/Share	$1.13	$3.13	$2.85	$2.86	$2.88	$0.87	$1.16	$1.17	$1.17	$1.18	$1.19	$1.22	$1.23	$1.26	$1.27	$1.27	$1.26	$1.25	$1.24	$1.24	$1.24
Payout Ratio	29.4%	77.5%	68.2%	65.4%	65.2%	19.2%	24.7%	24.6%	25.2%	25.7%	26.3%	27.6%	28.1%	30.7%	32.3%	32.7%	34.8%	35.3%	36.5%	37.6%	37.58%
FCF Payout Ratio	19.1%	55.5%	52.3%	52.1%	53.9%	15.6%	18.9%	19.0%	19.3%	19.8%	21.5%	23.9%	25.1%	28.7%	30.2%	29.3%	29.1%	27.8%	30.4%	34.4%	34.43%
Total Payout Ratio	29.4%	77.5%	68.2%	81.0%	80.7%	49.5%	53.8%	39.1%	40.0%	40.7%	59.8%	1.0%	1.3%	1.7%	1.9%	1.7%	1.6%	1.1%	85.0%	55.3%	55.25%
Div. Increase Streak	1	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Chowder Number	0.02	1.82	1.57	1.57	1.57	-0.71	-0.58	-0.58	-0.58	0.37	0.03	0.04	0.03	0.02	-0.00	-0.02	-0.04	-0.04	-0.04	-0.02	-0.023
Buyback Yield	0.0%	0.0%	0.0%	0.8%	0.9%	1.4%	1.5%	0.8%	0.8%	0.8%	2.2%	5.2%	6.9%	9.8%	11.1%	9.5%	7.0%	4.7%	2.7%	0.8%	0.84%
Net Buyback Yield	-0.1%	-0.2%	-0.2%	0.6%	0.6%	1.4%	1.5%	0.7%	0.7%	0.8%	2.1%	5.2%	6.9%	9.8%	11.1%	9.5%	7.0%	4.7%	2.7%	0.8%	0.84%
Total Shareholder Return	1.2%	3.1%	3.1%	4.1%	4.2%	2.3%	2.8%	2.0%	2.2%	2.3%	3.9%	7.0%	8.8%	11.9%	13.4%	11.7%	9.0%	6.9%	4.7%	2.6%	2.64%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.77	0.78	0.78	0.80	0.79	0.80	0.81	0.81	0.82	0.83	0.83	0.83	0.84	0.83	0.82	0.81	0.80	0.80	0.81	0.81	0.814
Interest Burden (EBT/EBIT)	1.01	1.01	1.01	1.01	1.02	1.01	1.02	1.02	1.01	1.04	1.03	1.03	1.03	1.03	1.05	1.05	1.05	1.03	1.00	1.00	1.000
EBIT Margin	0.37	0.39	0.39	0.39	0.38	0.39	0.40	0.40	0.40	0.39	0.39	0.39	0.40	0.40	0.39	0.38	0.36	0.36	0.36	0.36	0.357
Asset Turnover	0.42	0.43	0.43	0.44	0.43	0.44	0.42	0.42	0.41	0.39	0.37	0.36	0.34	0.32	0.30	0.31	0.31	0.31	0.30	0.29	0.294
Equity Multiplier	1.09	1.08	1.09	1.08	1.09	1.08	1.09	1.08	1.08	1.07	1.07	1.06	1.05	1.05	1.05	1.04	1.04	1.04	1.04	1.02	1.024

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$3.85	$4.03	$4.17	$4.38	$4.42	$4.53	$4.72	$4.74	$4.65	$4.58	$4.53	$4.43	$4.39	$4.10	$3.92	$3.87	$3.62	$3.53	$3.41	$3.29	$3.29
Book Value/Share	$30.07	$29.22	$29.79	$29.44	$29.77	$31.43	$32.46	$33.46	$33.99	$35.36	$35.31	$35.12	$35.71	$34.66	$35.36	$36.21	$36.87	$37.29	$37.79	$38.33	$38.76
Tangible Book/Share	$21.05	$20.53	$21.78	$22.16	$23.19	$24.90	$26.29	$27.65	$28.76	$30.22	$30.33	$30.16	$30.64	$29.81	$30.47	$31.23	$32.06	$32.64	$33.31	$33.84	$33.84
Revenue/Share	$13.16	$13.38	$13.76	$14.04	$14.20	$14.38	$14.43	$14.27	$14.14	$13.84	$13.56	$13.19	$12.67	$12.07	$11.86	$11.96	$12.05	$12.04	$11.78	$11.34	$10.98
FCF/Share	$5.92	$5.63	$5.44	$5.50	$5.34	$5.59	$6.16	$6.15	$6.06	$5.96	$5.53	$5.12	$4.93	$4.37	$4.18	$4.32	$4.33	$4.48	$4.09	$3.60	$3.60
OCF/Share	$6.01	$5.78	$5.65	$5.71	$5.63	$5.82	$6.33	$6.35	$6.22	$6.14	$5.71	$5.24	$4.95	$4.38	$4.24	$4.35	$4.41	$4.59	$4.19	$3.72	$3.73
Cash/Share	$17.58	$16.63	$17.97	$18.14	$19.13	$20.65	$22.25	$23.25	$24.24	$25.59	$25.93	$25.26	$25.43	$24.49	$25.17	$25.32	$26.28	$26.82	$27.44	$27.49	$26.79
EBITDA/Share	$6.93	$7.15	$7.32	$7.41	$7.43	$7.57	$7.65	$7.67	$7.59	$7.10	$6.76	$6.35	$5.97	$5.64	$5.44	$5.44	$5.24	$5.22	$5.14	$4.80	$4.80
Debt/Share	$0.09	$0.11	$0.10	$0.10	$0.10	$0.09	$0.09	$0.09	$0.08	$0.08	$0.08	$0.08	$0.09	$0.10	$0.08	$0.08	$0.08	$0.07	$0.07	$0.06	$0.06
Net Debt/Share	$-17.49	$-16.52	$-17.87	$-18.04	$-19.03	$-20.55	$-22.16	$-23.17	$-24.16	$-25.51	$-25.85	$-25.18	$-25.35	$-24.39	$-25.09	$-25.24	$-26.20	$-26.75	$-27.38	$-27.43	$-27.43

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	54.966
Altman Z-Prime	snapshot only																				100.167
Piotroski F-Score	7	7	6	7	6	7	9	7	5	6	6	7	7	6	5	5	6	6	7	7	7
Beneish M-Score	-2.72	-2.60	-2.74	-2.69	-2.54	-2.66	-3.00	-2.81	-2.89	-3.12	-2.76	-2.76	-2.58	-2.21	-2.44	-2.51	-2.67	-2.59	-2.89	-2.68	-2.675
Ohlson O-Score	snapshot only																				-18.605
ROIC (Greenblatt)	snapshot only																				11.91%
Net-Net WC	snapshot only																				$30.81
EVA	snapshot only																				$4886730.73

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA+
Credit Score	90.24	90.44	91.03	92.33	91.89	93.40	92.20	92.83	92.60	92.31	92.57	92.71	91.85	91.74	91.32	91.88	91.94	92.49	91.97	93.02	93.021
Credit Grade	snapshot only																				2
Credit Trend	snapshot only																				1.138
Implied Spread (bps)	snapshot only																				65.000
Industry Credit Rank	snapshot only																				86
Sector Credit Rank	snapshot only																				90

UTMD NASDAQ

Edge Score

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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