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Lemaitre Vasculr Financials

LMAT
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Lemaitre Vasculr (LMAT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 79 / 100
Financial Profile 79/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
83

Lemaitre Vasculr has an operating margin of 27.2%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 83/100, reflecting efficient cost management and pricing power. This is up from 23.8% the prior year.

Growth
56

Lemaitre Vasculr's revenue grew 13.5% year-over-year to $249.6M, a solid pace of expansion. This earns a growth score of 56/100.

Leverage
91

Lemaitre Vasculr carries a low D/E ratio of 0.56, meaning only $0.56 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 12.89, Lemaitre Vasculr holds $12.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow
100

Lemaitre Vasculr converts 29.8% of revenue into free cash flow ($74.5M). This strong cash generation earns a score of 100/100.

Returns
44

Lemaitre Vasculr's ROE of 14.7% shows moderate profitability relative to equity, earning a score of 44/100. This is up from 13.1% the prior year.

Altman Z-Score Safe
8.70

Lemaitre Vasculr scores 8.70, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.5B) relative to total liabilities ($222.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

Lemaitre Vasculr passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.41x

For every $1 of reported earnings, Lemaitre Vasculr generates $1.41 in operating cash flow ($81.3M OCF vs $57.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
13.1x

Lemaitre Vasculr earns $13.1 in operating income for every $1 of interest expense ($67.9M vs $5.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$249.6M
YoY+13.5%
5Y CAGR+14.0%
10Y CAGR+12.3%

Lemaitre Vasculr generated $249.6M in revenue in fiscal year 2025. This represents an increase of 13.5% from the prior year.

EBITDA
$78.3M
YoY+26.6%
5Y CAGR+16.1%
10Y CAGR+18.0%

Lemaitre Vasculr's EBITDA was $78.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 26.6% from the prior year.

Net Income
$57.7M
YoY+31.1%
5Y CAGR+22.2%
10Y CAGR+22.2%

Lemaitre Vasculr reported $57.7M in net income in fiscal year 2025. This represents an increase of 31.1% from the prior year.

EPS (Diluted)
$2.52
YoY+30.6%
5Y CAGR+19.4%
10Y CAGR+19.6%

Lemaitre Vasculr earned $2.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 30.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$74.5M
YoY+100.4%
5Y CAGR+18.5%
10Y CAGR+23.3%

Lemaitre Vasculr generated $74.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 100.4% from the prior year.

Cash & Debt
$28.2M
YoY+10.3%
5Y CAGR+1.1%
10Y CAGR+0.3%

Lemaitre Vasculr held $28.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.80
YoY+25.0%
5Y CAGR+16.1%
10Y CAGR+17.5%

Lemaitre Vasculr paid $0.80 per share in dividends in fiscal year 2025. This represents an increase of 25.0% from the prior year.

Shares Outstanding
23M
YoY+1.0%

Lemaitre Vasculr had 23M shares outstanding in fiscal year 2025. This represents an increase of 1.0% from the prior year.

Margins & Returns

Gross Margin
71.5%
YoY+2.9pp
5Y CAGR+6.1pp
10Y CAGR+2.4pp

Lemaitre Vasculr's gross margin was 71.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.9 percentage points from the prior year.

Operating Margin
27.2%
YoY+3.4pp
5Y CAGR+5.0pp
10Y CAGR+12.5pp

Lemaitre Vasculr's operating margin was 27.2% in fiscal year 2025, reflecting core business profitability. This is up 3.4 percentage points from the prior year.

Net Margin
23.1%
YoY+3.1pp
5Y CAGR+6.7pp
10Y CAGR+13.2pp

Lemaitre Vasculr's net profit margin was 23.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.1 percentage points from the prior year.

Return on Equity
14.7%
YoY+1.6pp
5Y CAGR+2.4pp
10Y CAGR+4.7pp

Lemaitre Vasculr's ROE was 14.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the prior year.

Capital Allocation

R&D Spending
$14.1M
YoY-9.7%
5Y CAGR+7.0%
10Y CAGR+9.9%

Lemaitre Vasculr invested $14.1M in research and development in fiscal year 2025. This represents a decrease of 9.7% from the prior year.

Share Buybacks
$1.8M
YoY+5.9%
5Y CAGR+26.1%
10Y CAGR+21.2%

Lemaitre Vasculr spent $1.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 5.9% from the prior year.

Capital Expenditures
$6.8M
YoY-2.6%
5Y CAGR+17.9%
10Y CAGR+11.6%

Lemaitre Vasculr invested $6.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 2.6% from the prior year.

LMAT Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $64.5M+5.6% $61.0M-5.0% $64.2M+7.3% $59.9M+7.5% $55.7M+1.6% $54.8M-1.8% $55.8M+4.4% $53.5M
Cost of Revenue $18.3M+21.0% $15.1M-21.6% $19.3M+4.4% $18.5M+7.7% $17.1M-2.9% $17.6M+1.5% $17.4M+3.4% $16.8M
Gross Profit $46.2M+0.5% $46.0M+2.2% $45.0M+8.6% $41.4M+7.3% $38.6M+3.8% $37.2M-3.4% $38.5M+4.9% $36.7M
R&D Expenses $3.5M+19.0% $3.0M-16.1% $3.5M-13.5% $4.1M+13.2% $3.6M-1.0% $3.7M-14.7% $4.3M+4.7% $4.1M
SG&A Expenses $10.4M-3.3% $10.8M+3.4% $10.4M-0.9% $10.5M+10.5% $9.5M+6.3% $8.9M+1.3% $8.8M-2.1% $9.0M
Operating Income $18.8M-7.3% $20.3M+25.8% $16.1M+27.8% $12.6M-1.8% $12.9M-2.2% $13.1M-8.6% $14.4M+21.1% $11.9M
Interest Expense $1.3M+0.1% $1.3M-0.2% $1.3M+0.7% $1.3M+529.3% $205K $0 $0 $0
Income Tax $4.7M-9.5% $5.2M+21.4% $4.3M+32.8% $3.2M+13.9% $2.8M-16.8% $3.4M-7.3% $3.7M+26.5% $2.9M
Net Income $15.6M-10.3% $17.4M+26.0% $13.8M+25.1% $11.0M-1.5% $11.2M+0.4% $11.1M-5.8% $11.8M+19.6% $9.9M
EPS (Diluted) N/A $0.75+25.0% $0.60+25.0% $0.48 N/A $0.49-5.8% $0.52+18.2% $0.44

LMAT Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $615.7M+2.9% $598.1M+3.5% $577.6M+3.9% $556.0M+0.8% $551.8M+46.4% $377.0M+3.8% $363.1M+2.6% $354.0M
Current Assets $468.2M+3.6% $452.0M+5.1% $430.1M+5.4% $408.1M+1.5% $402.2M+77.1% $227.1M+6.7% $212.8M+4.9% $203.0M
Cash & Equivalents $28.2M+10.8% $25.5M-6.2% $27.2M+7.2% $25.3M-1.1% $25.6M+21.9% $21.0M-5.7% $22.3M-16.3% $26.6M
Inventory $34.4M-5.1% $36.3M+8.3% $33.5M-1.3% $33.9M-2.2% $34.7M+2.6% $33.8M-2.1% $34.5M+10.8% $31.1M
Accounts Receivable $33.6M+3.7% $32.4M-11.3% $36.5M+4.1% $35.1M+16.8% $30.1M-6.8% $32.3M+4.7% $30.8M+1.9% $30.2M
Goodwill $65.9M0.0% $65.9M0.0% $65.9M0.0% $65.9M0.0% $65.9M0.0% $65.9M0.0% $65.9M0.0% $65.9M
Total Liabilities $222.2M+1.4% $219.1M+2.0% $214.9M+3.1% $208.4M-2.8% $214.5M+366.9% $46.0M+5.5% $43.5M-4.2% $45.5M
Current Liabilities $36.3M+9.1% $33.3M+8.0% $30.8M+24.5% $24.7M-19.2% $30.6M+4.3% $29.3M+15.3% $25.4M-5.1% $26.8M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $393.5M+3.9% $378.9M+4.5% $362.7M+4.3% $347.6M+3.0% $337.3M+1.9% $331.1M+3.6% $319.5M+3.6% $308.5M
Retained Earnings $184.7M+6.4% $173.7M+8.0% $160.8M+6.1% $151.6M+4.5% $145.1M+5.5% $137.5M+5.8% $130.0M+6.8% $121.7M

LMAT Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $23.2M-19.5% $28.8M+41.8% $20.3M+124.5% $9.0M-40.5% $15.2M+6.6% $14.2M+48.0% $9.6M+89.8% $5.1M
Capital Expenditures $1.8M-22.1% $2.3M+70.0% $1.3M-3.0% $1.4M-32.3% $2.0M+22.4% $1.7M-11.1% $1.9M+37.1% $1.4M
Free Cash Flow $21.4M-19.3% $26.5M+39.8% $18.9M+147.5% $7.7M-41.7% $13.1M+4.5% $12.6M+62.3% $7.7M+109.3% $3.7M
Investing Cash Flow -$16.8M+38.7% -$27.4M-67.9% -$16.3M-278.4% -$4.3M+97.5% -$173.9M-1251.8% -$12.9M-16.9% -$11.0M-366.0% -$2.4M
Financing Cash Flow -$3.6M-21.6% -$3.0M-6.7% -$2.8M+47.2% -$5.2M-103.2% $164.1M+5312.2% -$3.1M-9.7% -$2.9M-7459.0% $39K
Dividends Paid $4.5M0.0% $4.5M+0.3% $4.5M+0.1% $4.5M+25.5% $3.6M+0.1% $3.6M+0.1% $3.6M+0.1% $3.6M
Share Buybacks $1.2M $0-100.0% $4K-99.3% $601K-55.6% $1.4M+135200.0% $1K-85.7% $7K-98.0% $358K

LMAT Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 71.7%-3.6pp 75.3%+5.3pp 70.0%+0.8pp 69.2%-0.1pp 69.3%+1.4pp 67.8%-1.1pp 68.9%+0.3pp 68.6%
Operating Margin 29.2%-4.0pp 33.3%+8.1pp 25.1%+4.0pp 21.1%-2.0pp 23.1%-0.9pp 24.0%-1.8pp 25.8%+3.6pp 22.2%
Net Margin 24.2%-4.3pp 28.4%+7.0pp 21.4%+3.1pp 18.4%-1.7pp 20.1%-0.3pp 20.3%-0.9pp 21.2%+2.7pp 18.5%
Return on Equity 4.0%-0.6pp 4.6%+0.8pp 3.8%+0.6pp 3.2%-0.2pp 3.3%-0.1pp 3.4%-0.3pp 3.7%+0.5pp 3.2%
Return on Assets 2.5%-0.4pp 2.9%+0.5pp 2.4%+0.4pp 2.0%-0.0pp 2.0%-0.9pp 2.9%-0.3pp 3.3%+0.5pp 2.8%
Current Ratio 12.89-0.7 13.58-0.4 13.96-2.5 16.49+3.4 13.14+5.4 7.74-0.6 8.36+0.8 7.57
Debt-to-Equity 0.56-0.0 0.58-0.0 0.590.0 0.60-0.0 0.64+0.5 0.140.0 0.14-0.0 0.15
FCF Margin 33.2%-10.2pp 43.4%+13.9pp 29.5%+16.7pp 12.8%-10.8pp 23.6%+0.6pp 22.9%+9.1pp 13.9%+6.9pp 6.9%

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Frequently Asked Questions

Lemaitre Vasculr (LMAT) reported $249.6M in total revenue for fiscal year 2025. This represents a 13.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Lemaitre Vasculr (LMAT) revenue grew by 13.5% year-over-year, from $219.9M to $249.6M in fiscal year 2025.

Yes, Lemaitre Vasculr (LMAT) reported a net income of $57.7M in fiscal year 2025, with a net profit margin of 23.1%.

Lemaitre Vasculr (LMAT) reported diluted earnings per share of $2.52 for fiscal year 2025. This represents a 30.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lemaitre Vasculr (LMAT) had EBITDA of $78.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Lemaitre Vasculr (LMAT) had a gross margin of 71.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Lemaitre Vasculr (LMAT) had an operating margin of 27.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Lemaitre Vasculr (LMAT) had a net profit margin of 23.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Lemaitre Vasculr (LMAT) paid $0.80 per share in dividends during fiscal year 2025.

Lemaitre Vasculr (LMAT) has a return on equity of 14.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Lemaitre Vasculr (LMAT) generated $74.5M in free cash flow during fiscal year 2025. This represents a 100.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Lemaitre Vasculr (LMAT) generated $81.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Lemaitre Vasculr (LMAT) had $615.7M in total assets as of fiscal year 2025, including both current and long-term assets.

Lemaitre Vasculr (LMAT) invested $6.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Lemaitre Vasculr (LMAT) invested $14.1M in research and development during fiscal year 2025.

Yes, Lemaitre Vasculr (LMAT) spent $1.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Lemaitre Vasculr (LMAT) had 23M shares outstanding as of fiscal year 2025.

Lemaitre Vasculr (LMAT) had a current ratio of 12.89 as of fiscal year 2025, which is generally considered healthy.

Lemaitre Vasculr (LMAT) had a debt-to-equity ratio of 0.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Lemaitre Vasculr (LMAT) had a return on assets of 9.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Lemaitre Vasculr (LMAT) has an Altman Z-Score of 8.70, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Lemaitre Vasculr (LMAT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Lemaitre Vasculr (LMAT) has an earnings quality ratio of 1.41x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Lemaitre Vasculr (LMAT) has an interest coverage ratio of 13.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Lemaitre Vasculr (LMAT) scores 79 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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