LMAT - LeMaitre Vascular, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$127.50
DETAILS
HIGH:
$135.00
LOW:
$120.00
MEDIAN:
$127.50
CONSENSUS:
$127.50
UPSIDE:
30.43%
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Revenue | 249.6 | 219.9 | 193.5 | 161.7 | 154.4 | 129.4 | 117.2 | 105.6 | 100.9 | 89.2 | 78.4 | 71.1 | 64.5 | 56.7 | 57.7 | 56.1 | 50.9 | 48.7 | 41.4 | 34.6 | 30.7 | 26.2 | 20.7 | 17.4 | 12.6 |
| Cost of Revenue | 71.1 | 69.0 | 66.4 | 56.8 | 53.0 | 44.7 | 37.4 | 31.6 | 30.2 | 26.2 | 24.2 | 22.7 | 19.4 | 15.9 | 17.5 | 14.3 | 13.6 | 14.8 | 10.7 | 9.4 | 8.9 | 7.8 | 0 | 6.1 | 4.8 |
| Gross Profit | 178.5 | 150.9 | 127.0 | 104.9 | 101.4 | 84.6 | 79.9 | 73.9 | 70.7 | 62.9 | 54.2 | 48.4 | 45.1 | 40.9 | 40.2 | 41.7 | 37.3 | 33.9 | 30.7 | 25.3 | 21.8 | 18.4 | 20.7 | 11.3 | 7.7 |
| Operating Expenses | |||||||||||||||||||||||||
| R&D Expenses | 14.1 | 15.7 | 17.0 | 13.3 | 11.8 | 10.1 | 9.3 | 8.2 | 6.6 | 6.1 | 5.5 | 4.7 | 5.2 | 5.1 | 4.4 | 5.5 | 5.9 | 5.3 | 4.6 | 3.3 | 3.0 | 2.1 | 0 | 1.3 | 0.9 |
| SG&A Expenses | 96.5 | 83.0 | 72.9 | 61.7 | 53.2 | 46.2 | 49.4 | 45.0 | 43.0 | 40.5 | 36.8 | 36.0 | 34.7 | 31.8 | 30.6 | 29.9 | 27.6 | 29.8 | 29.0 | 22.3 | 17.4 | 14.7 | 0 | 9.2 | 7.1 |
| Other Expenses | 0 | 0 | 0.5 | 3.1 | 0 | (0.5) | 0 | 0.2 | 0.0 | (0.1) | (0.1) | (0.0) | (0.2) | (0.3) | 0 | 0 | 0 | 0 | 0.0 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 110.6 | 98.6 | 90.3 | 78.1 | 65.0 | 55.8 | 58.7 | 53.2 | 49.6 | 46.6 | 43.0 | 41.3 | 40.6 | 36.9 | 35.0 | 35.4 | 33.5 | 35.1 | 33.6 | 25.7 | 20.4 | 16.8 | 0 | 10.5 | 8.0 |
| Operating Income | |||||||||||||||||||||||||
| Operating Income | 67.9 | 52.3 | 36.7 | 26.8 | 36.4 | 28.8 | 21.2 | 28.2 | 21.1 | 16.3 | 11.5 | 6.3 | 4.5 | 4.2 | 3.7 | 4.0 | 1.9 | (2.9) | (4.3) | (0.7) | 0.4 | 1.2 | 20.7 | 0.8 | (0.3) |
| Interest Expense | 5.2 | 0.2 | 0 | 0 | 2.2 | 1.3 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 13.1 | 4.9 | 3.1 | 1.0 | 0.2 | 0.2 | 0.7 | 0.6 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||
| EBITDA | 90.8 | 66.8 | 49.0 | 36.9 | 46.0 | 36.9 | 27.1 | 32.8 | 25.2 | 19.8 | 14.8 | 9.7 | 7.1 | 6.2 | 5.8 | 5.4 | 3.7 | (1.2) | (1.3) | 1.1 | 2.0 | 2.2 | 20.7 | 0.8 | (0.3) |
| EBIT | 80.4 | 57.1 | 39.5 | 27.5 | 36.5 | 28.7 | 21.7 | 28.4 | 21.1 | 16.3 | 11.4 | 6.3 | 4.3 | 4.0 | 3.8 | 4.0 | 2.2 | (2.8) | (2.9) | (0.4) | 1.4 | 1.6 | 20.7 | 0.8 | (0.3) |
| Income Before Tax | 75.2 | 56.9 | 39.5 | 27.5 | 34.3 | 27.4 | 21.7 | 28.4 | 21.1 | 16.2 | 11.4 | 6.3 | 4.3 | 4.0 | 3.8 | 4.0 | 2.2 | (2.8) | (2.7) | (0.5) | 0.6 | 1.1 | 0 | 1.0 | (0.6) |
| Income Tax Expense | 17.4 | 12.8 | 9.4 | 6.9 | 7.4 | 6.1 | 3.7 | 5.5 | 3.9 | 5.7 | 3.7 | 2.4 | 1.1 | 1.4 | 1.6 | (2.0) | 0.6 | 0.5 | 0.2 | 0.7 | 0.5 | 0.2 | 0.2 | 0.5 | 0.0 |
| Net Income | 57.7 | 44.0 | 30.1 | 20.6 | 26.9 | 21.2 | 17.9 | 22.9 | 17.2 | 10.6 | 7.8 | 3.9 | 3.2 | 2.6 | 2.1 | 6.0 | 1.6 | (3.3) | (2.9) | (1.2) | 0.1 | 0.9 | (0.2) | 0.5 | (0.6) |
| Per Share Data | |||||||||||||||||||||||||
| EPS (Basic) | 2.55 | 1.96 | 1.36 | 0.94 | 1.27 | 1.05 | 0.91 | 1.18 | 0.91 | 0.57 | 0.44 | 0.24 | 0.21 | 0.17 | 0.14 | 0.38 | 0.10 | -0.21 | -0.19 | -0.12 | 0.01 | 0.10 | -0.03 | 0.06 | -0.08 |
| EPS (Diluted) | 2.52 | 1.93 | 1.34 | 0.93 | 1.25 | 1.04 | 0.88 | 1.13 | 0.86 | 0.55 | 0.42 | 0.23 | 0.20 | 0.16 | 0.13 | 0.37 | 0.10 | -0.21 | -0.19 | -0.12 | 0.01 | 0.10 | -0.03 | 0.06 | -0.08 |
| Shares Outstanding | 22.6 | 22.5 | 22.2 | 22.0 | 21.2 | 20.2 | 19.8 | 19.4 | 19.0 | 18.5 | 17.8 | 16.6 | 15.3 | 15.2 | 15.5 | 15.6 | 15.7 | 15.6 | 15.4 | 9.9 | 8.2 | 7.9 | 7.6 | 7.3 | 7.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||
| Cash & Cash Equivalents | 28.2 | 25.6 | 24.3 | 19.1 | 13.9 | 26.8 | 11.8 | 26.3 | 19.1 | 24.3 | 23.2 | 15.9 | 0.7 | 0.3 | 0 |
| Short-Term Investments | 330.9 | 274.1 | 80.8 | 63.6 | 56.1 | 0.2 | 20.9 | 21.7 | 22.6 | 0 | 0.8 | 5.4 | 0.3 | 0 | 0 |
| Net Receivables | 33.6 | 30.1 | 25.1 | 22.0 | 19.6 | 19.6 | 16.6 | 15.7 | 15 | 13.2 | 7.8 | 7.2 | 3.7 | 0 | 0 |
| Inventory | 70.4 | 55.9 | 52.3 | 45.3 | 40.6 | 39.2 | 34.6 | 25.6 | 21.0 | 19.6 | 6.5 | 7.0 | 3.3 | 0 | 0 |
| Other Current Assets | 5.1 | 9.0 | 12.1 | 11.7 | 5.5 | 6.0 | 4.9 | 1.8 | 2.6 | 2.0 | 1.3 | 0 | 0.6 | 5.6 | 5.9 |
| Total Current Assets | 468.2 | 402.2 | 194.6 | 161.7 | 139.9 | 94.3 | 92.1 | 94.0 | 80.3 | 59.0 | 39.5 | 37.1 | 9.1 | 5.9 | 5.9 |
| Non-Current Assets | |||||||||||||||
| Property, Plant & Equipment | 42.8 | 41.6 | 39.8 | 33.5 | 32.1 | 31.1 | 30.1 | 14.1 | 12.4 | 8.0 | 2.1 | 2.3 | 2.4 | 0 | 0 |
| Goodwill | 65.9 | 65.9 | 65.9 | 65.9 | 65.9 | 65.9 | 40.0 | 29.9 | 23.8 | 23.4 | 11.0 | 11.0 | 6.7 | 0 | 0 |
| Intangible Assets | 33.1 | 35.8 | 41.7 | 46.5 | 52.7 | 58.9 | 24.9 | 13.7 | 8.2 | 9.9 | 3.3 | 2.9 | 1.6 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 4.9 | 4.9 | 3.7 | 1.0 | 0.6 | 0.9 | 0.3 | 0.2 | 0.2 | 0.2 | 0.9 | 1.1 | 0.6 | 6.8 | 6.3 |
| Total Non-Current Assets | 147.5 | 149.6 | 152.2 | 148.7 | 152.9 | 158.5 | 96.2 | 59.1 | 46.0 | 42.9 | 17.4 | 17.3 | 11.4 | 6.8 | 6.3 |
| Total Assets | 615.7 | 551.8 | 346.8 | 310.5 | 292.8 | 252.8 | 188.3 | 153.1 | 126.3 | 101.9 | 56.9 | 54.4 | 20.5 | 12.7 | 12.2 |
| Current Liabilities | |||||||||||||||
| Account Payables | 3.6 | 1.8 | 3.7 | 2.9 | 2.3 | 2.4 | 2.6 | 1.7 | 1.5 | 1.2 | 1.1 | 0.6 | 0.5 | 0 | 0 |
| Short-Term Debt | 2.9 | 0 | 0 | 0 | 0 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0.9 | 0.7 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 0 | 0 | 0 | 0 | 2.6 | 0 | 0 |
| Other Current Liabilities | 29.7 | 1.4 | 0.0 | 0.6 | 1.3 | 0.8 | 2.5 | 6.6 | 4.4 | 2.8 | (0.4) | 0.8 | 1.4 | 1.4 | (0.7) |
| Total Current Liabilities | 36.3 | 30.6 | 29.9 | 25.3 | 21.8 | 25.1 | 20.9 | 19.8 | 13.2 | 10.5 | 6.5 | 6.9 | 3.8 | 2.4 | 0.7 |
| Non-Current Liabilities | |||||||||||||||
| Long-Term Debt | 182.6 | 167.8 | 0 | 0 | 0 | 35.5 | 0 | 0 | 0 | 0 | 0.2 | 0.1 | 1.1 | 0 | 0 |
| Deferred Tax Liabilities | 1.7 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 1.2 | 0.5 | 2.2 | 1.9 | 1.5 | 1.3 | 0.4 | 0 | 0 |
| Other Non-Current Liabilities | 1.5 | 0.8 | 2.3 | 2.2 | 2.7 | 4.6 | 4.2 | 2.6 | 1.2 | 2.0 | 0.4 | 0.4 | 0.3 | 2.3 | 0 |
| Total Non-Current Liabilities | 185.9 | 183.9 | 19.0 | 16.9 | 16.8 | 55.1 | 19.3 | 3.1 | 3.4 | 3.9 | 2.1 | 1.7 | 1.9 | 2.3 | 0 |
| Total Liabilities | 222.2 | 214.5 | 48.9 | 42.3 | 38.7 | 80.2 | 40.2 | 22.9 | 16.6 | 14.4 | 8.7 | 8.7 | 5.7 | 4.7 | 5.0 |
| Stockholders' Equity | |||||||||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0 | 0 |
| Retained Earnings | 184.7 | 145.1 | 115.4 | 97.8 | 88.1 | 70.6 | 57.0 | 45.8 | 28.3 | 15.3 | (14.6) | (16.2) | (2.1) | 0 | 0 |
| Accumulated Other Comprehensive Income | (2.4) | (6.2) | (4.6) | (6.0) | (3.4) | (1.5) | (4.0) | (3.9) | (2.3) | (4.6) | 0.1 | (0.3) | 0.8 | 0 | 0 |
| Total Stockholders' Equity | 393.5 | 337.3 | 297.9 | 268.2 | 254.2 | 172.6 | 148.1 | 130.2 | 109.8 | 87.5 | 48.2 | 45.7 | 14.8 | 8.0 | 1.7 |
| Total Liabilities & Equity | 615.7 | 551.8 | 346.8 | 310.5 | 292.8 | 252.8 | 188.3 | 153.1 | 126.3 | 101.9 | 56.9 | 54.4 | 20.5 | 12.7 | 12.2 |
| Debt Metrics | |||||||||||||||
| Total Debt | 185.6 | 185.7 | 19.1 | 16.6 | 15.9 | 54.8 | 15.7 | 0 | 0 | 0 | 0.2 | 0.1 | 1.6 | 0.9 | 0.7 |
| Net Debt | 157.3 | 160.1 | (5.2) | (2.5) | 2.1 | 28.0 | 3.9 | (26.3) | (19.1) | (24.3) | (23.0) | (15.8) | 0.9 | 0.6 | 0.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 57.7 | 44.0 | 30.1 | 20.6 | 26.9 | 21.2 | 17.9 | 22.9 | 17.2 | 10.6 | 0.1 | 0.9 |
| Depreciation & Amortization | 10.4 | 9.7 | 9.5 | 9.4 | 11.1 | 8.4 | 5.4 | 4.3 | 4.1 | 3.6 | 1.2 | 1.0 |
| Stock-Based Compensation | 0 | 6.6 | 5.3 | 4.2 | 3.5 | 3.0 | 2.6 | 2.3 | 2.3 | 1.7 | 0 | 0 |
| Change in Working Capital | (1.7) | (20.1) | (11.3) | (13.4) | (10.0) | 0.9 | (13.9) | (1.6) | (1.6) | 0.4 | (2.1) | (0.7) |
| Other Non-Cash Items | 12.5 | 4.4 | 2.3 | 4.7 | 3.5 | 1.6 | 1.2 | (6.3) | 0.7 | 0.5 | 0.0 | 0.5 |
| Operating Cash Flow | 81.3 | 44.1 | 36.8 | 25.4 | 35.1 | 34.8 | 14.2 | 19.5 | 22.9 | 16.9 | (1.2) | 1.7 |
| Investing Activities | ||||||||||||
| Capital Expenditure | (6.8) | (7.0) | (7.3) | (3.2) | (4.9) | (3.0) | (3.8) | (3.1) | (6.4) | (2.8) | (1.0) | (1.6) |
| Acquisitions | (1.9) | 0 | (0.9) | 0 | 0 | (72.6) | (21.2) | (4.9) | 0 | (14.4) | (1.4) | (0.5) |
| Purchases of Investments | (641.3) | (277.9) | (16.6) | (8) | (59.2) | (2.2) | (22.7) | (19.6) | (22.5) | 0 | 0.5 | (0.3) |
| Sales/Maturities of Investments | 585.1 | 84.8 | 0 | 0 | 3 | 22.9 | 23.6 | 20.5 | 0 | 0 | 0.3 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0.9 | 0 | 2.0 | 0 | 8.3 | (22.5) | (0.0) | 0.2 | (0.5) |
| Investing Cash Flow | (64.9) | (200.1) | (24.7) | (10.4) | (61.1) | (52.9) | (24.1) | (7.1) | (29.0) | (17.2) | (1.4) | (2.9) |
| Financing Activities | ||||||||||||
| Net Debt Issuance | 0 | 169.3 | 0 | 0 | (39) | 39 | 0 | 0 | 0 | 0 | (0.1) | (0.8) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | (0.6) | (0.7) | (0.7) | (0.8) | (0.3) | (0.6) | (0.1) |
| Dividends Paid | (18.1) | (14.4) | (12.4) | (11.0) | (9.3) | (7.7) | (6.7) | (5.4) | (4.2) | (3.3) | 0 | 0 |
| Other Financing Activities | (3.3) | (3.2) | (0.9) | (1.7) | (1.2) | (4.6) | (2.1) | (1.2) | (0.5) | (0.4) | 0.0 | (0.0) |
| Financing Cash Flow | (14.5) | 158.1 | (7.1) | (9.2) | 13.7 | 32.2 | (4.6) | (4.4) | 0.1 | (2.6) | 2.5 | 1.4 |
| Cash Position | ||||||||||||
| Net Change in Cash | 2.6 | 1.3 | 5.1 | 5.3 | (12.9) | 15.0 | (14.5) | 7.2 | (5.2) | (3.2) | 0.1 | 0.2 |
| Cash at Beginning | 25.6 | 24.3 | 19.1 | 13.9 | 26.8 | 11.8 | 26.3 | 19.1 | 24.3 | 27.5 | 0.7 | 0.6 |
| Cash at End | 28.2 | 25.6 | 24.3 | 19.1 | 13.9 | 26.8 | 11.8 | 26.3 | 19.1 | 24.3 | 0.8 | 0.7 |
| Free Cash Flow | 74.5 | 37.2 | 29.5 | 22.1 | 30.2 | 31.8 | 10.4 | 16.5 | 16.5 | 14.1 | (2.2) | 0.1 |
| Key Metrics | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||
| Revenue | 249.6 | 219.9 | 193.5 | 161.7 | 154.4 | 129.4 | 117.2 | 105.6 | 100.9 | 89.2 | 78.4 | 71.1 | 64.5 | 56.7 | 57.7 | 56.1 | 50.9 | 48.7 | 41.4 | 34.6 | 30.7 | 26.2 | 20.7 | 17.4 | 12.6 |
| Gross Profit | 178.5 | 150.9 | 127.0 | 104.9 | 101.4 | 84.6 | 79.9 | 73.9 | 70.7 | 62.9 | 54.2 | 48.4 | 45.1 | 40.9 | 40.2 | 41.7 | 37.3 | 33.9 | 30.7 | 25.3 | 21.8 | 18.4 | 20.7 | 11.3 | 7.7 |
| Operating Income | 67.9 | 52.3 | 36.7 | 26.8 | 36.4 | 28.8 | 21.2 | 28.2 | 21.1 | 16.3 | 11.5 | 6.3 | 4.5 | 4.2 | 3.7 | 4.0 | 1.9 | (2.9) | (4.3) | (0.7) | 0.4 | 1.2 | 20.7 | 0.8 | (0.3) |
| Net Income | 57.7 | 44.0 | 30.1 | 20.6 | 26.9 | 21.2 | 17.9 | 22.9 | 17.2 | 10.6 | 7.8 | 3.9 | 3.2 | 2.6 | 2.1 | 6.0 | 1.6 | (3.3) | (2.9) | (1.2) | 0.1 | 0.9 | (0.2) | 0.5 | (0.6) |
| EPS (Diluted) | 2.52 | 1.93 | 1.34 | 0.93 | 1.25 | 1.04 | 0.88 | 1.13 | 0.86 | 0.55 | 0.42 | 0.23 | 0.20 | 0.16 | 0.13 | 0.37 | 0.10 | -0.21 | -0.19 | -0.12 | 0.01 | 0.10 | -0.03 | 0.06 | -0.08 |
| Balance Sheet | |||||||||||||||||||||||||
| Cash & Equivalents | 28.2 | 25.6 | 24.3 | 19.1 | 13.9 | 26.8 | 11.8 | 26.3 | 19.1 | 24.3 | 23.2 | 15.9 | 0.7 | 0.3 | 0 | ||||||||||
| Total Assets | 615.7 | 551.8 | 346.8 | 310.5 | 292.8 | 252.8 | 188.3 | 153.1 | 126.3 | 101.9 | 56.9 | 54.4 | 20.5 | 12.7 | 12.2 | ||||||||||
| Total Debt | 185.6 | 185.7 | 19.1 | 16.6 | 15.9 | 54.8 | 15.7 | 0 | 0 | 0 | 0.2 | 0.1 | 1.6 | 0.9 | 0.7 | ||||||||||
| Stockholders' Equity | 393.5 | 337.3 | 297.9 | 268.2 | 254.2 | 172.6 | 148.1 | 130.2 | 109.8 | 87.5 | 48.2 | 45.7 | 14.8 | 8.0 | 1.7 | ||||||||||
| Cash Flow | |||||||||||||||||||||||||
| Operating Cash Flow | 81.3 | 44.1 | 36.8 | 25.4 | 35.1 | 34.8 | 14.2 | 19.5 | 22.9 | 16.9 | (1.2) | 1.7 | |||||||||||||
| Capital Expenditure | (6.8) | (7.0) | (7.3) | (3.2) | (4.9) | (3.0) | (3.8) | (3.1) | (6.4) | (2.8) | (1.0) | (1.6) | |||||||||||||
| Free Cash Flow | 74.5 | 37.2 | 29.5 | 22.1 | 30.2 | 31.8 | 10.4 | 16.5 | 16.5 | 14.1 | (2.2) | 0.1 | |||||||||||||