Haemonetics Corporation logo HAE - Haemonetics Corporation

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BUY 11
HOLD 10
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| PRICE TARGET: $75.33 DETAILS
HIGH: $89.00
LOW: $67.00
MEDIAN: $70.00
CONSENSUS: $75.33
UPSIDE: 15.03%
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 1,334.0 1,360.8 1,309.1 1,168.7 993.2 870.5 988.5 967.6 903.9 886.1 908.8 910.4 938.5 892.0 727.8 676.7 645.4 597.9 516.4 449.6 419.7 383.6 364.2 337.0 320.0 293.9 277.9 282.1 285.8 309.8 278.2 262.4 248.4 216.3
Cost of Revenue 590.4 582.3 597.1 545.8 462.4 442.0 500.7 550.0 492.0 507.6 502.9 476.0 470.1 463.9 358.6 321.5 307.9 289.7 258.7 222.3 199.2 185.7 192.1 182.3 165.1 126.9 121.7 124 127.1 137.8 110.5 103.9 94.2 88.8
Gross Profit 743.6 778.5 711.9 622.9 530.8 428.4 487.8 417.5 411.9 378.5 405.9 434.4 468.4 428.1 369.2 355.2 337.5 308.2 257.7 227.3 220.5 197.9 172.1 154.7 154.8 166.9 156.2 158.1 158.7 172 167.7 158.5 154.2 127.5
Operating Expenses
R&D Expenses 59.8 69.4 63.0 58.6 55.2 40.7 39.1 35.7 39.2 47.3 55.9 54.2 54.2 48.6 36.8 32.7 26.4 23.9 24.3 23.9 26.5 20.0 17.8 19.5 19.5 19.0 14.9 15.1 17.9 19 18.5 16.7 15.8 0
SG&A Expenses 442.4 422.1 420.8 374.0 332.2 263.8 266.3 298.3 316.5 301.7 317.2 339.7 366.8 318.8 245.3 213.9 214.5 198.7 163.1 137.1 121.4 118.0 108.5 97.7 88.9 86.7 82.8 86.7 86.9 92.3 81.8 75.7 75.9 77.2
Other Expenses 0 65.3 63.2 34.3 62.6 34.2 79.1 0 0 48.9 76.8 0 1.7 0 0 (1.9) 0 0 0 (5.5) (26.4) (0.1) 0 0 0 4.6 24.9 24.6 22.9 12.3 13.1 13.7 10.7 8.5
Operating Expenses 502.2 556.7 547.0 466.8 450.0 338.7 384.5 334.0 355.8 397.9 449.9 393.9 421.0 367.4 282.1 244.7 240.9 222.6 187.4 155.5 121.5 137.9 126.2 117.2 108.4 110.4 122.6 126.4 127.7 123.6 113.4 106.1 102.4 85.7
Operating Income
Operating Income 241.4 221.8 164.9 156.0 80.8 89.7 103.4 83.5 56.2 (19.4) (43.9) 40.5 47.3 56.4 88.8 110.5 83.3 85.6 70.3 62.7 99.0 59.9 45.9 37.5 36.4 13.4 33.6 31.7 31 48.4 54.3 52.4 51.8 41.8
Interest Expense 28.7 9.7 13.0 14.6 17.1 16.8 16.2 9.9 4.5 8.1 9.5 9.4 10.9 6.5 0 0.0 0.7 0.1 0 0.1 0 0 0 0 13.6 59.4 13.1 0 74.9 0 0 0 0 1.6
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0.4 2.0 0 7.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 397.1 356.0 295.5 252.0 191.7 184.4 257.9 193.0 153.0 123.2 128.7 125.7 127.0 124.6 139.5 158.2 125.2 121.5 101.5 101.1 124.2 87.5 77.4 65.9 72.1 81.0 73.1 51.2 53.9 72 67.4 66.1 62.5 50.3
EBIT 241.4 247.1 206.8 167.2 105.2 100.1 165.7 83.5 64.2 39.2 43.7 43.1 48.2 60.7 87.2 108.7 82.0 85.1 70.3 71.8 99.0 59.9 47.3 37.5 46.4 56.5 48.2 56.2 31 52.5 54.3 52.4 51.8 41.8
Income Before Tax 128.0 212.1 151.9 141.4 63.6 72.9 87.2 73.6 59.6 (27.5) (53.4) 31.2 36.4 49.9 89.5 110.1 81.3 85.0 77.3 72.3 106.9 59.8 45.8 38.6 38.5 17.3 27.3 32.6 4.5 50.7 55.2 52.5 50.8 40
Income Tax Expense 30.7 44.4 34.3 26.0 20.3 (6.6) 10.6 18.6 14.1 (1.2) 2.2 14.3 1.3 11.1 22.6 30.1 22.9 25.7 25.3 23.2 37.8 20.2 16.5 10.2 10.8 10.1 8.5 11.4 3.9 17.7 19.3 18.9 19.3 15.2
Net Income 97.3 167.7 117.6 115.4 43.4 79.5 76.5 55.0 45.6 (26.3) (55.6) 16.9 35.1 38.8 66.9 80.0 58.4 59.3 52.0 49.1 69.1 39.6 29.3 28.4 30.0 7.2 19.0 21.1 (24.8) 33 35.9 33.6 31.5 24.8
Per Share Data
EPS (Basic) 2.05 3.31 2.32 2.27 0.85 1.57 1.51 1.07 0.86 -0.51 -1.09 0.33 0.68 0.76 1.30 1.59 1.15 1.17 1.00 0.92 1.29 0.77 0.60 0.57 0.57 0.14 0.30 0.39 -0.47 0.61 0.66 0.61 0.56 0.45
EPS (Diluted) 2.05 3.31 2.29 2.24 0.84 1.55 1.48 1.04 0.85 -0.51 -1.09 0.32 0.67 0.74 1.30 1.56 1.12 1.14 0.97 0.89 1.25 0.75 0.60 0.56 0.56 0.14 0.29 0.39 -0.47 0.60 0.65 0.59 0.55 0.44
Shares Outstanding 47.2 50.3 50.7 50.8 51.0 50.7 50.7 51.5 52.8 51.5 50.9 51.5 51.6 51.3 50.7 50.2 50.9 50.8 51.6 53.5 53.0 51.0 48.9 49.2 52.4 50.6 52.2 53.5 52.8 54.4 54.4 55.5 55.8 55.7
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 245.4 306.8 178.8 284.5 259.5 192.3 137.3 169.4 180.2 139.6 115.1 156.7 133.6 118.1 49.9 34.9 41.4 61.3 56.3 21.8 8.3 13.4 4.2 16.2 10.3
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32.6 33.0 0 0 0 0 0 0 0 0
Net Receivables 216.9 202.7 206.6 179.1 159.4 127.6 165.2 185.0 151.2 152.7 157.1 113.6 120.3 82.6 78.6 63.7 59.8 59.1 63 58.9 72.2 60.3 63.3 47.5 38.8
Inventory 306.4 365.1 317.2 259.4 293.0 322.6 270.3 194.3 160.8 176.9 186.1 76.5 65.4 52.2 65.8 67.2 54.0 59.8 59.8 61.7 55.1 56.7 60 41.3 30.3
Other Current Assets 66.2 60.4 66.3 46.7 0 0 0 27.4 29.0 40.9 28.8 35.6 40.2 21.9 20.0 21.7 25.7 29.6 52.2 48.8 32.1 28.5 30.1 25.1 16.1
Total Current Assets 834.9 935.0 768.9 769.7 756.0 693.5 603.6 576.1 521.2 510.0 487.2 382.4 359.4 281.4 223.3 232.8 219.2 209.9 231.3 191.2 167.7 158.9 157.6 130.1 95.5
Non-Current Assets
Property, Plant & Equipment 305.8 284.1 366.6 310.9 258.5 217.6 253.4 344.0 332.2 323.9 337.6 137.8 116.5 78.0 84.0 84.9 83.3 81.6 83 84.2 103.6 86.4 82.1 68.3 56
Goodwill 656.4 604.3 565.1 466.2 467.3 466.4 210.7 210.8 211.4 210.8 267.8 56.4 54.2 0 0 14.2 14.4 13.2 0 0 0 0 0 0 0
Intangible Assets 447.7 455.7 406.1 275.8 310.3 365.5 133.1 127.7 156.6 177.5 204.5 65.3 64.3 42.0 42.3 24.2 15.8 1.8 10.5 10.7 10.3 0 0 9.3 7.6
Long-Term Investments 0.9 0 0 0 0 0 0 (4.4) (4.0) (4.0) (7.1) 0 0 0 0 3.2 0 10.8 24.7 38.6 31 0 0 0 0
Other Non-Current Assets 150.3 164.1 81.1 107.0 63.2 70.9 62.4 16.2 16.0 16.4 20.0 4.8 5.2 5.9 6.7 3.4 10.9 34.3 (4.8) 2.1 (1.9) 42.5 40.8 23 21.2
Total Non-Current Assets 1,561.0 1,516.0 1,426.7 1,165.1 1,103.7 1,126.4 663.5 698.6 716.2 728.7 829.9 267.3 249.5 125.9 136.0 132.1 126.2 139.2 125.1 145.5 155.8 128.9 122.9 100.6 84.8
Total Assets 2,395.9 2,450.9 2,195.6 1,934.8 1,859.7 1,819.9 1,267.1 1,274.8 1,237.3 1,238.7 1,317.1 649.7 609.0 407.4 359.2 364.9 345.3 349.1 356.4 336.7 323.5 287.8 280.5 230.7 180.3
Current Liabilities
Account Payables 51.1 67.0 73.4 63.9 58.4 50.3 50.7 63.4 55.3 43.0 39.7 20.7 19.7 14.2 13.7 12.5 13.3 17.2 10.7 21.7 27.9 16.9 15.6 14.7 13.2
Short-Term Debt 5.0 303.6 10.2 11.8 214.1 17.0 77.0 27.7 194.3 61.0 43.5 0.7 6.3 32.8 39.0 31.4 22.4 32.9 6.6 17.5 19.5 3.4 8.3 4.5 3
Deferred Revenue 0 43.3 31.2 30.2 26.8 26.3 28.8 27.3 25.8 26.5 27.1 0 25.1 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 226.5 104.8 104.8 81.4 87.2 80.9 44.9 55.8 34.5 32.8 35.7 0.0 38.9 0 (0.3) 0 0 38.4 51.8 39.2 26.2 26.1 25.2 29.4 22.3
Total Current Liabilities 282.6 578.1 300.4 251.8 442.3 253.5 274.8 235.8 384.7 211.2 184.7 92.9 97.7 95.8 100.4 84.1 79.4 88.5 69.1 78.4 73.6 46.4 49.1 48.6 38.5
Non-Current Liabilities
Long-Term Debt 1,219.6 921.2 797.6 754.1 559.4 690.6 305.5 322.5 59.4 253.6 364.5 5.3 6.0 25.4 31.6 40.8 47.3 41.3 52.5 53.6 10 15.2 25.1 9.8 10.6
Deferred Tax Liabilities 38.0 62.6 62.6 36.2 28.7 43.8 14.0 22.8 9.4 13.7 23.7 3.1 3.3 1.7 0 0 0 10.7 11.7 9.9 12.8 9.3 13.1 11.5 4.6
Other Non-Current Liabilities 18.5 68.2 75.0 74.7 79.9 37.4 33.7 25.9 34.3 22.2 26.1 8.5 7.8 4.7 4.0 3.2 3.1 (8.6) 1.2 0.1 1.8 (0.1) 0 0 (0.1)
Total Non-Current Liabilities 1,317.0 1,052.0 935.2 865.0 668.0 834.8 405.2 371.1 100.2 287.9 412.4 16.9 17.1 31.8 35.6 44.0 50.4 54.2 65.4 63.6 24.6 24.4 38.2 21.3 15.1
Total Liabilities 1,599.6 1,630.1 1,235.6 1,116.8 1,110.3 1,088.3 680.0 606.9 484.9 499.1 597.1 109.8 114.8 127.6 136.0 128.1 129.8 142.7 134.5 142 98.2 70.8 87.3 69.9 53.6
Stockholders' Equity
Common Stock 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0 0 0 0
Retained Earnings 279.3 352.2 360.5 253.2 202.4 158.0 78.5 161.4 266.9 289.9 316.2 309.5 302.2 322.3 293.0 264.6 234.3 230.7 211.8 190.8 215.7 182.7 146.8 113.2 81.7
Accumulated Other Comprehensive Income (37.6) (55.1) (35.6) (30.4) (26.0) (29.5) (45.1) (30.4) (19.0) (32.9) (35.0) 3.3 4.8 (6.5) (13.5) (16.4) (17.6) (13.1) (19.6) (19.2) (12.4) (74.4) (60.9) (45.1) (34.2)
Total Stockholders' Equity 796.3 820.8 960.0 818.0 749.4 731.7 587.1 667.9 752.4 739.6 720.0 539.9 494.2 279.7 223.2 236.8 215.5 206.4 221.9 194.7 225.3 217 193.2 160.8 126.7
Total Liabilities & Equity 2,395.9 2,450.9 2,195.6 1,934.8 1,859.7 1,819.9 1,267.1 1,274.8 1,237.3 1,238.7 1,317.1 649.7 609.0 407.4 359.2 364.9 345.3 349.1 356.4 336.7 323.5 287.8 280.5 230.7 180.3
Debt Metrics
Total Debt 1,224.6 1,224.8 807.8 765.9 780.8 778.3 441.8 350.1 253.7 314.6 408 6.0 12.4 58.3 70.6 72.1 69.7 74.2 59.1 71.1 29.5 18.6 33.4 14.3 13.6
Net Debt 979.1 918.0 629.0 481.4 521.3 586.0 304.5 180.8 73.5 175.1 292.9 (150.7) (121.2) (59.9) 20.7 37.2 28.3 12.9 2.8 49.3 21.2 5.2 29.2 (1.9) 3.3
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 97.3 167.7 117.6 115.4 43.4 79.5 76.5 55.0 45.6 (26.3) (55.6) 39.6 29.3 28.4 30.0 7.2 19.0 21.1 (24.8) 33 35.9 33.6 31.5 24.8
Depreciation & Amortization 155.7 115.6 97.2 93.3 97.7 84.3 110.3 109.4 89.2 89.7 90.0 27.6 30.1 28.4 25.6 24.5 24.9 24.6 22.9 12.3 13.1 13.7 10.7 8.5
Stock-Based Compensation 0 29.6 28.3 25.6 24.4 25.5 20.5 17.2 13.0 9.2 6.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (23.7) (102.0) (74.7) 25.5 (15.2) (59.7) (84.6) (62.8) 76.5 (1.0) (20.1) (0.5) 14.1 (14.9) (25.7) 5.9 4.1 10.1 (15.4) (22.1) 8.9 (32.7) (13.6) (0.8)
Other Non-Cash Items 90.3 (24.0) 24.4 8.5 16.9 (0.9) 42.5 27.1 1.8 94.9 101.6 0.5 (0.3) (2.2) 3.1 21.2 7.2 (14.8) 38 (0.1) 0.1 0.1 (1.6) 0
Operating Cash Flow 293.2 181.7 181.8 273.1 172.3 108.8 158.2 159.3 220.3 159.7 121.9 71.2 74.6 43.7 32.2 61.0 53.5 33.7 20.4 26.7 54.8 15.6 27 35.9
Investing Activities
Capital Expenditure (32.8) (39.3) (66.3) (110.2) (96.5) (37.0) (48.8) (119.0) (74.8) (76.1) (102.4) (17.5) (13.9) (13.5) (21.6) (30.5) (23.3) (22.5) (20.4) (32) (19.7) (24.9) (22.9) (17.6)
Acquisitions 1.4 (107.6) (240.5) (2) 8.1 (390.2) (25.2) 2.8 9 2.8 (3) (5.0) 0 0 (10.5) (26.6) 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 (15.6) (33.2) 0 0 0 0 0 0 0 (49.8) 0 (11.7) (69.9) (47.4) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 88.5 0 44.3 66.5 49.7 0 0 0 0 0 0 0 0
Other Investing Activities (88.0) (15.0) 0 1.6 2.0 1.8 16.8 2.8 2.8 2.8 (101.8) 3.3 6.0 0.4 2.2 4.6 (6.8) 29.2 (26.6) 0 (6.2) (5.2) (1.3) 0
Investing Cash Flow (179.5) (161.9) (322.4) (143.8) (86.3) (425.4) (57.2) (116.1) (63.0) (73.3) (104.8) 19.4 (7.9) 19.5 (33.2) (50.1) (30.1) 6.7 (47) (32) (25.9) (30.1) (24.2) (17.6)
Financing Activities
Net Debt Issuance (6.2) 447.3 37.8 (9.6) (17.5) 418.1 31.9 95.9 (61.0) (93.4) (19.1) (11.7) (17.3) (3.6) 4.0 (5.0) 13.4 (11.9) 42.6 13.9 (13) 16.1 (0.2) (12)
Stock Repurchased (175) (225) 0 (75) 0 0 (175) (160) (100) 0 (61.0) 0 0 (50.2) (26.9) (4.7) (39.7) 0 (5.6) (15.8) (8.9) (15.7) (0.1) 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (5.1) (113.5) (6.8) (15.7) 1.8 (50.7) 11.9 13.4 40.3 0 (0.9) 0 0 0 0 1.9 0 0 0 0 0 0 (0.3) 0
Financing Cash Flow (178.5) 108.8 38.2 (100.4) (15.7) 367.5 (131.2) (50.6) (120.6) (60.4) (62.6) 14.5 0.7 (49.0) (9.3) 5.0 (17.8) (5.5) 40.1 2.8 (19) 2.2 1.8 (10.8)
Cash Position
Net Change in Cash (61.3) 128.0 (105.7) 25.0 67.2 55.0 (32.0) (10.8) 40.6 24.4 (45.5) 106.3 68.2 15.0 (10.3) 15.5 5.0 34.5 13.5 (5.1) 9.2 (12) 5.9 7.3
Cash at Beginning 306.8 178.8 284.5 259.5 192.3 137.3 169.4 180.2 139.6 115.1 160.7 79.5 49.9 34.9 45.2 25.9 56.3 21.8 8.3 13.4 4.2 16.2 10.3 2.9
Cash at End 245.4 306.8 178.8 284.5 259.5 192.3 137.3 169.4 180.2 139.6 115.1 185.8 118.1 49.9 34.9 41.4 61.3 56.3 21.8 8.3 13.4 4.2 16.2 10.2
Free Cash Flow 260.4 142.4 115.5 162.9 75.8 71.8 109.5 40.3 145.6 83.6 19.5 53.7 60.7 30.1 10.6 30.5 30.1 11.2 0 (5.3) 35.1 (9.3) 4.1 18.3
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 1,334.0 1,360.8 1,309.1 1,168.7 993.2 870.5 988.5 967.6 903.9 886.1 908.8 910.4 938.5 892.0 727.8 676.7 645.4 597.9 516.4 449.6 419.7 383.6 364.2 337.0 320.0 293.9 277.9 282.1 285.8 309.8 278.2 262.4 248.4 216.3
Gross Profit 743.6 778.5 711.9 622.9 530.8 428.4 487.8 417.5 411.9 378.5 405.9 434.4 468.4 428.1 369.2 355.2 337.5 308.2 257.7 227.3 220.5 197.9 172.1 154.7 154.8 166.9 156.2 158.1 158.7 172 167.7 158.5 154.2 127.5
Operating Income 241.4 221.8 164.9 156.0 80.8 89.7 103.4 83.5 56.2 (19.4) (43.9) 40.5 47.3 56.4 88.8 110.5 83.3 85.6 70.3 62.7 99.0 59.9 45.9 37.5 36.4 13.4 33.6 31.7 31 48.4 54.3 52.4 51.8 41.8
Net Income 97.3 167.7 117.6 115.4 43.4 79.5 76.5 55.0 45.6 (26.3) (55.6) 16.9 35.1 38.8 66.9 80.0 58.4 59.3 52.0 49.1 69.1 39.6 29.3 28.4 30.0 7.2 19.0 21.1 (24.8) 33 35.9 33.6 31.5 24.8
EPS (Diluted) 2.05 3.31 2.29 2.24 0.84 1.55 1.48 1.04 0.85 -0.51 -1.09 0.32 0.67 0.74 1.30 1.56 1.12 1.14 0.97 0.89 1.25 0.75 0.60 0.56 0.56 0.14 0.29 0.39 -0.47 0.60 0.65 0.59 0.55 0.44
Balance Sheet
Cash & Equivalents 245.4 306.8 178.8 284.5 259.5 192.3 137.3 169.4 180.2 139.6 115.1 156.7 133.6 118.1 49.9 34.9 41.4 61.3 56.3 21.8 8.3 13.4 4.2 16.2 10.3
Total Assets 2,395.9 2,450.9 2,195.6 1,934.8 1,859.7 1,819.9 1,267.1 1,274.8 1,237.3 1,238.7 1,317.1 649.7 609.0 407.4 359.2 364.9 345.3 349.1 356.4 336.7 323.5 287.8 280.5 230.7 180.3
Total Debt 1,224.6 1,224.8 807.8 765.9 780.8 778.3 441.8 350.1 253.7 314.6 408 6.0 12.4 58.3 70.6 72.1 69.7 74.2 59.1 71.1 29.5 18.6 33.4 14.3 13.6
Stockholders' Equity 796.3 820.8 960.0 818.0 749.4 731.7 587.1 667.9 752.4 739.6 720.0 539.9 494.2 279.7 223.2 236.8 215.5 206.4 221.9 194.7 225.3 217 193.2 160.8 126.7
Cash Flow
Operating Cash Flow 293.2 181.7 181.8 273.1 172.3 108.8 158.2 159.3 220.3 159.7 121.9 71.2 74.6 43.7 32.2 61.0 53.5 33.7 20.4 26.7 54.8 15.6 27 35.9
Capital Expenditure (32.8) (39.3) (66.3) (110.2) (96.5) (37.0) (48.8) (119.0) (74.8) (76.1) (102.4) (17.5) (13.9) (13.5) (21.6) (30.5) (23.3) (22.5) (20.4) (32) (19.7) (24.9) (22.9) (17.6)
Free Cash Flow 260.4 142.4 115.5 162.9 75.8 71.8 109.5 40.3 145.6 83.6 19.5 53.7 60.7 30.1 10.6 30.5 30.1 11.2 0 (5.3) 35.1 (9.3) 4.1 18.3