PEN - Penumbra, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$369.83
DETAILS
HIGH:
$388.00
LOW:
$335.00
MEDIAN:
$374.00
CONSENSUS:
$369.83
UPSIDE:
12.42%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 1,403.7 | 1,194.6 | 1,058.5 | 847.1 | 747.6 | 560.4 | 547.4 | 444.9 | 333.8 | 263.3 | 186.1 | 125.5 | 88.8 | 73.1 |
| Cost of Revenue | 461.2 | 439.6 | 375.9 | 311.9 | 272.2 | 222.2 | 175.4 | 152.4 | 116.6 | 92.5 | 62.0 | 42.7 | 31.0 | 24.2 |
| Gross Profit | 942.4 | 755.0 | 682.6 | 535.2 | 475.4 | 338.2 | 372.0 | 292.5 | 217.1 | 170.8 | 124.1 | 82.8 | 57.9 | 49.0 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 89.8 | 94.8 | 84.4 | 79.4 | 104.6 | 90.0 | 51.7 | 36.2 | 31.7 | 23.9 | 18.0 | 15.6 | 14.1 | 12.5 |
| SG&A Expenses | 663.4 | 574.0 | 506.5 | 449.7 | 378.3 | 287.1 | 272.7 | 226.4 | 184.3 | 148.3 | 101.9 | 64.3 | 44.9 | 33.0 |
| Other Expenses | 0 | 76.9 | 18.2 | 0 | 0 | 0 | 0 | 30.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 753.2 | 745.7 | 609.1 | 529.1 | 482.9 | 377.1 | 324.5 | 293.4 | 216.0 | 172.2 | 119.9 | 79.8 | 59.0 | 45.5 |
| Operating Income | ||||||||||||||
| Operating Income | 189.2 | 9.3 | 73.6 | 6.1 | (7.5) | (38.9) | 47.5 | (0.9) | 1.2 | (1.4) | 4.2 | 3.0 | (1.1) | 3.4 |
| Interest Expense | 0 | 1.4 | 1.7 | 1.7 | 1.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 13.7 | 6.8 | 1.9 | 2.9 | 1.3 | 2.9 | 3.0 | 2.7 | 2.3 | 0.5 | 0.4 | 0.3 | 0.2 |
| Profitability | ||||||||||||||
| EBITDA | 222.6 | 46.0 | 108.6 | 30.0 | 7.8 | (26.1) | 55.6 | 36.2 | 4.9 | 0.9 | 5.9 | 3.8 | (0.4) | 3.4 |
| EBIT | 205.1 | 22.3 | 81.4 | 5.6 | (8.6) | (38.9) | 47.5 | 30.0 | 1.2 | (1.4) | 4.2 | 3.0 | (1.1) | 3.4 |
| Income Before Tax | 205.1 | 20.9 | 79.7 | 3.9 | (10.5) | (38.0) | 50.1 | 1.6 | 2.5 | (0.9) | 4.0 | 3.1 | (1.3) | 3.9 |
| Income Tax Expense | 27.4 | 6.9 | (11.3) | 5.9 | (13.1) | (18.8) | 3.1 | (4.4) | (3.6) | (15.7) | 1.7 | 0.9 | (5.4) | 1.9 |
| Net Income | 177.7 | 14.0 | 91.0 | (2.0) | 5.3 | (15.7) | 48.5 | 6.6 | 4.7 | 14.8 | 2.4 | 2.2 | 4.1 | 2.0 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 4.57 | 0.36 | 2.37 | -0.05 | 0.14 | -0.54 | 1.39 | 0.18 | 0.14 | 0.49 | 0.09 | -0.03 | 0.04 | 0.08 |
| EPS (Diluted) | 4.52 | 0.36 | 2.32 | -0.05 | 0.14 | -0.54 | 1.34 | 0.18 | 0.13 | 0.44 | 0.08 | -0.03 | 0.04 | 0.08 |
| Shares Outstanding | 38.9 | 38.6 | 38.4 | 37.8 | 36.8 | 35.8 | 34.8 | 36.1 | 33.0 | 30.5 | 12.0 | 24.5 | 24.5 | 24.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 186.9 | 324.4 | 167.5 | 69.9 | 59.4 | 69.7 | 72.8 | 67.8 | 50.6 | 13.2 |
| Short-Term Investments | 0 | 15.7 | 121.7 | 118.2 | 195.5 | 195.2 | 116.6 | 133.0 | 164.0 | 115.5 |
| Net Receivables | 190.0 | 167.7 | 201.8 | 203.4 | 133.9 | 114.6 | 105.9 | 81.9 | 58.0 | 43.3 |
| Inventory | 431.5 | 406.7 | 388.0 | 334.0 | 263.5 | 219.5 | 153.0 | 115.7 | 94.9 | 73.0 |
| Other Current Assets | 408.2 | 36.6 | 36.4 | 30.3 | 0 | 0 | 0 | 0 | 0 | 9.5 |
| Total Current Assets | 1,216.7 | 951.1 | 915.4 | 755.7 | 681.5 | 617.7 | 463.1 | 410.7 | 382.2 | 263.8 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 317.0 | 268.4 | 280.5 | 280.4 | 227.1 | 127.4 | 135.5 | 35.4 | 30.9 | 21.5 |
| Goodwill | 166.8 | 165.8 | 166.3 | 166.0 | 166.4 | 8.4 | 7.7 | 7.8 | 8.2 | 0 |
| Intangible Assets | 6.2 | 6.5 | 83.1 | 91.7 | 90.6 | 10.6 | 25.4 | 27.2 | 23.8 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.9 | 0 |
| Other Non-Current Assets | 119.9 | 141.3 | 25.9 | 12.8 | 13.0 | 8.7 | 2.9 | 0.9 | 1.0 | 0.5 |
| Total Non-Current Assets | 609.8 | 582.1 | 640.9 | 615.2 | 562.8 | 205.3 | 202.8 | 104.3 | 94.4 | 44.4 |
| Total Assets | 1,826.5 | 1,533.2 | 1,556.3 | 1,370.9 | 1,244.2 | 823.0 | 665.9 | 515.0 | 476.7 | 308.3 |
| Current Liabilities | ||||||||||
| Account Payables | 34.7 | 31.3 | 27.2 | 26.7 | 13.4 | 14.1 | 15.1 | 8.2 | 6.8 | 4.1 |
| Short-Term Debt | 16.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 7.0 | 9.2 | 0 | 0 | 0 | 0 | 0 | 0.3 |
| Other Current Liabilities | 132.2 | 112.4 | 0 | 0 | 0 | 9.8 | 1.8 | 9.3 | 8.9 | 14.4 |
| Total Current Liabilities | 183.1 | 158.3 | 151.1 | 144.9 | 123.2 | 105.9 | 91.0 | 66.1 | 51.6 | 35.8 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 203.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 4.8 | 4.0 | 4.2 | 3.3 | 0 |
| Other Non-Current Liabilities | 12.3 | 15.1 | 5.3 | 3.3 | 3.6 | 3.2 | 11.2 | 22.4 | 21.4 | 5.9 |
| Total Non-Current Liabilities | 215.8 | 223.9 | 226.2 | 227.1 | 167.1 | 79.3 | 89.2 | 26.5 | 24.7 | 5.9 |
| Total Liabilities | 398.9 | 382.2 | 377.4 | 372.0 | 290.3 | 185.2 | 180.3 | 92.6 | 76.3 | 41.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 237.7 | 60.0 | 134.9 | 43.9 | 45.9 | 40.6 | 57.5 | 9.1 | 2.0 | (2.7) |
| Accumulated Other Comprehensive Income | 4.3 | (5.8) | (3.2) | (8.1) | (2.6) | 2.5 | (2.3) | (1.9) | 1.6 | (4.7) |
| Total Stockholders' Equity | 1,427.6 | 1,150.9 | 1,178.9 | 998.9 | 953.9 | 641.5 | 485.9 | 422.2 | 400.4 | 266.5 |
| Total Liabilities & Equity | 1,826.5 | 1,533.2 | 1,556.3 | 1,370.9 | 1,244.2 | 823.0 | 665.9 | 515.0 | 476.7 | 308.3 |
| Debt Metrics | ||||||||||
| Total Debt | 219.7 | 223.4 | 234.3 | 235.8 | 173.5 | 77.3 | 82.3 | 0 | 0 | 0 |
| Net Debt | 32.8 | (101.0) | 66.9 | 165.9 | 114.2 | 7.6 | 9.5 | (67.8) | (50.6) | (13.2) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 177.7 | 14.0 | 91.0 | (2.0) | 5.3 | (19.3) | 48.5 | 2.9 | 4.7 | 14.8 |
| Depreciation & Amortization | 17.5 | 23.7 | 30.6 | 27.6 | 19.5 | 12.9 | 7.9 | 6.2 | 3.8 | 2.3 |
| Stock-Based Compensation | 59.2 | 46.2 | 0 | 0 | 0 | 25.5 | 0 | 18.4 | 17.8 | 14.6 |
| Change in Working Capital | (42.7) | (23.8) | (79.1) | (121.5) | (66.7) | (51.2) | (56.8) | (30.3) | (13.5) | (36.2) |
| Other Non-Cash Items | 6.0 | 124.7 | 73.9 | 38.8 | 65.5 | 17.6 | 25.4 | 38.0 | 4.2 | 4.0 |
| Operating Cash Flow | 238.7 | 168.5 | 97.3 | (55.7) | 9.5 | (33.2) | 26.7 | 28.8 | 12.7 | (12.8) |
| Investing Activities | ||||||||||
| Capital Expenditure | (63.7) | (21.2) | (15.2) | (19.3) | (21.2) | (24.8) | (22.1) | (9.6) | (15.0) | (13.6) |
| Acquisitions | 0 | 0 | (1.0) | 0 | 2.9 | 0 | 0.8 | (20.4) | (9.3) | 0 |
| Purchases of Investments | (355.7) | (32.9) | (81.9) | 0 | (126.8) | (153.1) | (77.3) | (109.6) | (194.9) | (63.3) |
| Sales/Maturities of Investments | 14.9 | 130.6 | 82.6 | 74.1 | 123.7 | 76.7 | 95.4 | 139.2 | 141.6 | 77.7 |
| Other Investing Activities | 0 | 1.1 | (0.5) | 0 | (0.4) | (3.1) | (8.6) | 29.6 | (55.9) | 14.3 |
| Investing Cash Flow | (404.6) | 77.6 | (16.1) | 54.8 | (21.7) | (104.1) | (11.9) | (0.4) | (77.7) | 0.7 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (2.5) | (2.3) | (2.0) | (1.8) | (1.5) | (3.4) | (2.6) | (0.4) | (1.1) | 0 |
| Stock Repurchased | 0 | (100.4) | 0 | 0 | 0 | 0 | 0 | (17.7) | 0 | (2.6) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (2.8) | 15.7 | (2.2) | (8.2) | (16.1) | 3.6 | (20.3) | (9.4) | (0.8) | 7.1 |
| Financing Cash Flow | 26.5 | (87.0) | 16.2 | 11.6 | 0.8 | 134.9 | (9.8) | (9.8) | 104.4 | 7.1 |
| Cash Position | ||||||||||
| Net Change in Cash | (137.5) | 156.9 | 97.6 | 10.5 | (10.3) | (3.1) | 4.9 | 17.2 | 37.4 | (6.3) |
| Cash at Beginning | 324.4 | 167.5 | 69.9 | 59.4 | 69.7 | 72.8 | 67.8 | 50.6 | 13.2 | 19.5 |
| Cash at End | 186.9 | 324.4 | 167.5 | 69.9 | 59.4 | 69.7 | 72.8 | 67.8 | 50.6 | 13.2 |
| Free Cash Flow | 174.9 | 147.3 | 82.1 | (75.0) | (11.7) | (58.0) | 4.5 | 19.2 | (2.3) | (26.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 1,403.7 | 1,194.6 | 1,058.5 | 847.1 | 747.6 | 560.4 | 547.4 | 444.9 | 333.8 | 263.3 | 186.1 | 125.5 | 88.8 | 73.1 |
| Gross Profit | 942.4 | 755.0 | 682.6 | 535.2 | 475.4 | 338.2 | 372.0 | 292.5 | 217.1 | 170.8 | 124.1 | 82.8 | 57.9 | 49.0 |
| Operating Income | 189.2 | 9.3 | 73.6 | 6.1 | (7.5) | (38.9) | 47.5 | (0.9) | 1.2 | (1.4) | 4.2 | 3.0 | (1.1) | 3.4 |
| Net Income | 177.7 | 14.0 | 91.0 | (2.0) | 5.3 | (15.7) | 48.5 | 6.6 | 4.7 | 14.8 | 2.4 | 2.2 | 4.1 | 2.0 |
| EPS (Diluted) | 4.52 | 0.36 | 2.32 | -0.05 | 0.14 | -0.54 | 1.34 | 0.18 | 0.13 | 0.44 | 0.08 | -0.03 | 0.04 | 0.08 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 186.9 | 324.4 | 167.5 | 69.9 | 59.4 | 69.7 | 72.8 | 67.8 | 50.6 | 13.2 | ||||
| Total Assets | 1,826.5 | 1,533.2 | 1,556.3 | 1,370.9 | 1,244.2 | 823.0 | 665.9 | 515.0 | 476.7 | 308.3 | ||||
| Total Debt | 219.7 | 223.4 | 234.3 | 235.8 | 173.5 | 77.3 | 82.3 | 0 | 0 | 0 | ||||
| Stockholders' Equity | 1,427.6 | 1,150.9 | 1,178.9 | 998.9 | 953.9 | 641.5 | 485.9 | 422.2 | 400.4 | 266.5 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 238.7 | 168.5 | 97.3 | (55.7) | 9.5 | (33.2) | 26.7 | 28.8 | 12.7 | (12.8) | ||||
| Capital Expenditure | (63.7) | (21.2) | (15.2) | (19.3) | (21.2) | (24.8) | (22.1) | (9.6) | (15.0) | (13.6) | ||||
| Free Cash Flow | 174.9 | 147.3 | 82.1 | (75.0) | (11.7) | (58.0) | 4.5 | 19.2 | (2.3) | (26.4) | ||||