NASDAQ : EMBC
Embecta Corp. — Financial statements
Healthcare · Medical Instruments & Supplies · United States
Last price 6.25 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 354.12M
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Financial statements
Embecta Corp. (EMBC) reported revenue of 1.02B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.02B | 1.08B | 1.12B | 1.12B | 1.13B | 1.17B |
| Cost of Revenue | 423.60M | 396.80M | 387.90M | 370.90M | 354.60M | 364.90M |
| Gross Profit | 595.10M | 683.60M | 735.20M | 749.90M | 774.90M | 800.40M |
| Selling, General & Admin | 319.30M | 331.40M | 365.10M | 341.30M | 294.80M | 240.30M |
| Research & Development | 24.50M | 25.80M | 78.80M | 85.20M | 66.90M | 63.30M |
| Other Operating Expenses | 14.00M | 8.30M | 6.30M | 1.10M | 44.70M | 4.80M |
| Operating Expenses | 357.80M | 368.30M | 450.20M | 427.60M | 406.40M | 308.40M |
| Operating Income | 237.30M | 315.30M | 285.00M | 322.30M | 368.50M | 492.00M |
| Interest Expense | -100.50M | -113.30M | -124.30M | -116.40M | -46.20M | |
| Interest & Investment Income | 3.80M | 6.00M | 12.00M | 9.40M | ||
| Currency Exchange Gain (Loss) | 1.20M | 1.20M | -4.40M | |||
| Other Non Operating Income (Expenses) | -3.00M | 300.00K | -5.90M | -8.80M | -6.80M | 2.90M |
| EBT Excluding Unusual Items | 138.80M | 209.50M | 162.40M | 206.50M | 315.50M | 494.90M |
| Merger & Restructuring Charges | -19.90M | -41.90M | -7.40M | -5.60M | ||
| Asset Writedown | 10.60M | -2.50M | -58.90M | |||
| Other Unusual Items | -14.60M | -31.30M | -110.80M | -92.70M | ||
| Pretax Income | 125.00M | 136.30M | 44.20M | 105.70M | 256.60M | 494.90M |
| Income Tax Expense | 37.50M | 40.90M | -34.10M | 35.30M | 33.00M | 80.10M |
| Net Income | 87.50M | 95.40M | 78.30M | 70.40M | 223.60M | 414.80M |
| Net Income to Common | 87.50M | 95.40M | 78.30M | 70.40M | 223.60M | 414.80M |
| Shares Outstanding (Basic) | 58.77M | 58.31M | 57.68M | 57.25M | 57.02M | 57.01M |
| Shares Outstanding (Diluted) | 59.56M | 58.91M | 58.33M | 57.76M | 57.46M | 57.01M |
| EPS (Basic) | 1.49 | 1.64 | 1.36 | 1.23 | 3.92 | 7.28 |
| EPS (Diluted) | 1.47 | 1.62 | 1.34 | 1.22 | 3.89 | 7.28 |
| Free Cash Flow | 164.60M | 182.40M | 19.90M | 41.20M | 388.60M | 419.50M |
| Free Cash Flow Per Share | 2.76 | 3.10 | 0.34 | 0.71 | 6.76 | 7.36 |
| Dividend Per Share | 0.46 | 0.60 | 0.60 | 0.60 | 0.15 | |
| Gross Margin | 58.42% | 63.27% | 65.46% | 66.91% | 68.61% | 68.69% |
| Operating Margin | 23.29% | 29.18% | 25.38% | 28.76% | 32.62% | 42.22% |
| Profit Margin | 8.59% | 8.83% | 6.97% | 6.28% | 19.80% | 35.60% |
| Free Cash Flow Margin | 16.16% | 16.88% | 1.77% | 3.68% | 34.41% | 36.00% |
| EBITDA | 281.50M | 356.00M | 321.20M | 354.90M | 400.20M | 530.30M |
| EBITDA Margin | 27.63% | 32.95% | 28.60% | 31.66% | 35.43% | 45.51% |
| D&A For EBITDA | 44.20M | 40.70M | 36.20M | 32.60M | 31.70M | 38.30M |
| EBIT | 237.30M | 315.30M | 285.00M | 322.30M | 368.50M | 492.00M |
| EBIT Margin | 23.29% | 29.18% | 25.38% | 28.76% | 32.62% | 42.22% |
| Effective Tax Rate | 30.00% | 30.01% | 33.40% | 12.86% | 16.18% | |
| Advertising Expenses | 16.20M | 9.00M | 15.50M | 11.60M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 214.70M | 225.50M | 267.50M | 326.30M | 330.90M | |
| Cash & Short-Term Investments | 214.70M | 225.50M | 267.50M | 326.30M | 330.90M | |
| Accounts Receivable | 182.20M | 145.60M | 193.00M | 17.90M | 23.40M | 152.00M |
| Other Receivables | 3.30M | 53.80M | 142.40M | 110.90M | ||
| Receivables | 182.20M | 148.90M | 246.80M | 160.30M | 134.30M | 152.00M |
| Inventory | 214.20M | 178.60M | 171.50M | 152.10M | 122.80M | 118.00M |
| Prepaid Expenses | 90.50M | 75.30M | 68.50M | 110.20M | 76.70M | 21.80M |
| Restricted Cash | 3.50M | 3.10M | 6.70M | 200.00K | ||
| Total Current Assets | 705.10M | 631.40M | 761.00M | 749.10M | 664.70M | 291.80M |
| Property, Plant & Equipment | 335.00M | 277.40M | 313.00M | 323.20M | 307.90M | 454.80M |
| Goodwill | 39.90M | 15.40M | 15.60M | 15.60M | 15.70M | 15.60M |
| Other Intangible Assets | 47.50M | 7.00M | 8.10M | 9.10M | 8.90M | 18.30M |
| Long-Term Deferred Tax Assets | 137.80M | 98.40M | 116.20M | 44.80M | 58.60M | |
| Other Long-Term Assets | 61.30M | 71.40M | 72.60M | 30.60M | 7.50M | |
| Total Assets | 1.27B | 1.09B | 1.29B | 1.21B | 1.09B | 788.00M |
| Accounts Payable | 90.50M | 74.20M | 91.00M | 53.50M | 41.40M | 54.20M |
| Accrued Expenses | 173.60M | 140.00M | 194.90M | 174.30M | 150.80M | 108.70M |
| Current Portion of Long-Term Debt | 139.40M | 9.50M | 9.50M | 9.50M | 9.50M | |
| Current Portion of Leases | 9.90M | 10.30M | 9.40M | 9.50M | 5.60M | 1.10M |
| Current Income Taxes Payable | 6.40M | 9.80M | 26.70M | 33.60M | 27.20M | |
| Other Current Liabilities | 17.70M | 42.50M | 73.10M | 66.50M | ||
| Total Current Liabilities | 419.80M | 261.50M | 374.00M | 353.50M | 301.00M | 164.00M |
| Long-Term Debt | 1.32B | 1.39B | 1.57B | 1.59B | 1.60B | |
| Long-Term Leases | 36.70M | 38.90M | 42.10M | 46.90M | 36.90M | 3.00M |
| Long-Term Deferred Tax Liabilities | 105.80M | 52.40M | 42.20M | 41.80M | 41.80M | 1.30M |
| Other Long-Term Liabilities | 25.40M | |||||
| Total Liabilities | 1.88B | 1.74B | 2.02B | 2.04B | 1.98B | 193.70M |
| Common Stock | 600.00K | 600.00K | 600.00K | 600.00K | 600.00K | 864.80M |
| Additional Paid-In Capital | 83.60M | 80.00M | 52.50M | 27.90M | 10.00M | |
| Retained Earnings | -404.30M | -445.60M | -498.60M | -541.10M | -577.10M | |
| Comprehensive Income & Other | -292.60M | -285.60M | -292.80M | -309.10M | -324.90M | -270.50M |
| Shareholders' Equity | -612.70M | -650.60M | -738.30M | -821.70M | -891.40M | 594.30M |
| Total Liabilities & Equity | 1.27B | 1.09B | 1.29B | 1.21B | 1.09B | 788.00M |
| Total Debt | 1.50B | 1.45B | 1.63B | 1.66B | 1.65B | 4.10M |
| Net Cash (Debt) | -1.29B | -1.22B | -1.36B | -1.33B | -1.32B | -4.10M |
| Net Cash Per Share | -21.61 | -20.74 | -23.30 | -23.09 | -22.96 | -0.07 |
| Filing Date Shares Outstanding | 56.66M | 58.51M | 58.13M | 57.33M | 57.07M | 57.01M |
| Total Common Shares Outstanding | 56.66M | 58.50M | 57.71M | 57.33M | 57.06M | 57.01M |
| Working Capital | 285.30M | 369.90M | 387.00M | 395.60M | 363.70M | 127.80M |
| Book Value Per Share | -10.81 | -11.12 | -12.79 | -14.33 | -15.62 | 10.42 |
| Tangible Book Value | -700.10M | -673.00M | -762.00M | -846.40M | -916.00M | 560.40M |
| Tangible Book Value Per Share | -12.36 | -11.51 | -13.20 | -14.76 | -16.05 | 9.83 |
| Land | 11.70M | 3.10M | 3.10M | 2.30M | 1.40M | 3.50M |
| Buildings | 176.60M | 121.00M | 121.70M | 124.50M | 123.70M | 120.40M |
| Machinery | 631.90M | 595.40M | 607.30M | 567.20M | 505.10M | 570.80M |
| Construction In Progress | 62.30M | 58.60M | 35.10M | 44.80M | 64.90M | 190.80M |
| Leasehold Improvements | 6.10M | 13.20M | 11.90M | 9.10M | 6.50M | 6.10M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 87.50M | 95.40M | 78.30M | 70.40M | 223.60M | 414.80M |
| Depreciation & Amortization | 44.20M | 40.70M | 36.20M | 32.60M | 31.70M | 38.30M |
| Other Amortization | 18.20M | 19.50M | 13.20M | 6.40M | 3.20M | |
| Asset Writedown & Restructuring Costs | 500.00K | 10.60M | 2.50M | 58.90M | 13.80M | |
| Stock-Based Compensation | 25.30M | 31.60M | 26.30M | 21.50M | 18.70M | 12.80M |
| Other Operating Activities | 19.70M | 17.60M | -70.60M | 14.30M | -26.50M | -2.80M |
| Change in Accounts Receivable | 11.70M | 44.20M | -174.70M | 7.00M | 122.70M | -31.80M |
| Change in Inventory | -2.10M | -6.10M | -16.50M | -28.80M | -23.40M | -18.00M |
| Change in Accounts Payable | -10.60M | -68.90M | 60.00M | 7.90M | 76.90M | 40.20M |
| Change in Income Taxes | -14.80M | -28.10M | 13.20M | -12.60M | 10.30M | |
| Change in Other Net Operating Assets | 4.60M | 35.20M | 70.30M | -53.50M | -83.90M | -11.00M |
| Operating Cash Flow | 174.10M | 191.70M | 35.70M | 67.70M | 412.20M | 456.30M |
| Capital Expenditures | -9.50M | -9.30M | -15.80M | -26.50M | -23.60M | -36.80M |
| Sale (Purchase) of Intangibles | -400.00K | -2.40M | ||||
| Investing Cash Flow | -127.80M | -9.30M | -15.80M | -26.50M | -24.00M | -39.20M |
| Long-Term Debt Issued | 1.45B | |||||
| Long-Term Debt Repaid | -186.00M | -35.90M | -10.70M | -6.60M | ||
| Net Debt Issued (Repaid) | -21.50M | -186.00M | -35.90M | -10.70M | 1.44B | |
| Repurchase of Common Stock | -13.60M | -5.70M | -3.00M | -3.60M | ||
| Common Dividends Paid | -27.20M | -35.00M | -34.50M | -34.40M | -8.60M | |
| Other Financing Activities | -1.48B | -417.10M | ||||
| Financing Cash Flow | -62.30M | -226.70M | -73.40M | -48.70M | -48.00M | -417.10M |
| Foreign Exchange Rate Adjustments | 600.00K | -1.30M | 1.20M | 3.10M | -9.30M | |
| Net Cash Flow | -15.40M | -45.60M | -52.30M | -4.40M | 330.90M | |
| Free Cash Flow | 164.60M | 182.40M | 19.90M | 41.20M | 388.60M | 419.50M |
| Free Cash Flow Margin | 16.16% | 16.88% | 1.77% | 3.68% | 34.41% | 36.00% |
| Free Cash Flow Per Share | 2.76 | 3.10 | 0.34 | 0.71 | 6.76 | 7.36 |
| Levered Free Cash Flow | 138.20M | 183.15M | 110.54M | 122.69M | 312.04M | 289.50M |
| Unlevered Free Cash Flow | 193.21M | 244.86M | 181.32M | 189.04M | 337.71M | 289.50M |
| Cash Interest Paid | 160.10M | 103.80M | 117.70M | 111.00M | 38.90M | |
| Cash Income Tax Paid | 50.10M | 50.10M | 29.10M | 30.40M | 15.60M | |
| Change in Working Capital | -11.20M | -23.70M | -47.70M | -80.00M | 102.60M | -20.60M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 350.72M | 825.23M | 813.60M | 862.42M | 1.67B | |
| Enterprise Value | 1.64B | 2.11B | 2.19B | 2.20B | 3.02B | |
| Last Close Price | 6.25 | 13.66 | 13.08 | 13.40 | 25.02 | |
| PE Ratio | 4.21 | 8.65 | 10.39 | 12.25 | 7.45 | |
| Forward PE | 3.85 | 5.37 | 6.75 | 8.01 | 9.44 | |
| PS Ratio | 0.34 | 0.76 | 0.72 | 0.77 | 1.47 | |
| PB Ratio | -1.27 | -1.10 | -1.05 | -1.87 | ||
| P/FCF Ratio | 2.13 | 4.52 | 40.88 | 20.93 | 4.29 | |
| P/OCF Ratio | 2.01 | 4.30 | 22.79 | 12.74 | 4.04 | |
| PEG Ratio | 0.87 | |||||
| EV/Sales Ratio | 1.61 | 1.96 | 1.95 | 1.97 | 2.68 | |
| EV/EBITDA Ratio | 5.82 | 5.93 | 6.82 | 6.21 | 7.55 | |
| EV/EBIT Ratio | 6.90 | 6.70 | 7.69 | 6.84 | 8.20 | |
| EV/FCF Ratio | 9.95 | 11.58 | 110.11 | 53.48 | 7.78 | |
| Debt / Equity Ratio | -2.45 | -2.23 | -2.20 | -2.02 | -1.85 | 0.01 |
| Debt / EBITDA Ratio | 5.21 | 4.00 | 4.95 | 4.62 | 4.10 | 0.01 |
| Debt / FCF Ratio | 9.12 | 7.93 | 81.72 | 40.29 | 4.25 | 0.01 |
| Net Debt / Equity Ratio | -2.10 | -1.88 | -1.84 | -1.62 | -1.48 | 0.01 |
| Net Debt / EBITDA Ratio | 4.57 | 3.43 | 4.23 | 3.76 | 3.30 | 0.01 |
| Net Debt / FCF Ratio | 7.82 | 6.70 | 68.28 | 32.37 | 3.40 | 0.01 |
| Asset Turnover | 0.84 | 0.91 | 0.90 | 0.97 | 1.21 | 1.53 |
| Inventory Turnover | 2.10 | 2.27 | 2.40 | 2.70 | 2.94 | 3.32 |
| Quick Ratio | 0.94 | 1.43 | 1.38 | 1.38 | 1.55 | 0.93 |
| Current Ratio | 1.68 | 2.42 | 2.04 | 2.12 | 2.21 | 1.78 |
| Return on Equity (ROE) | 71.13% | |||||
| Return on Assets (ROA) | 12.24% | 16.59% | 14.25% | 17.51% | 24.57% | 40.30% |
| Return on Invested Capital (ROIC) | 20.41% | 25.36% | 32.16% | 26.08% | 46.41% | 70.17% |
| Return on Capital Employed (ROCE) | 28.10% | 38.00% | 31.30% | 37.40% | 46.90% | 78.80% |
| Earnings Yield | 23.74% | 11.56% | 9.62% | 8.16% | 13.43% | |
| FCF Yield | 46.93% | 22.10% | 2.45% | 4.78% | 23.34% | |
| Dividend Yield | 0.65% | 4.25% | 4.26% | 3.99% | 0.51% | |
| Payout Ratio | 21.78% | 36.69% | 44.06% | 48.86% | 3.85% | |
| Buyback Yield / Dilution | -1.36% | -1.01% | -0.98% | -0.52% | -0.79% | |
| Total Shareholder Return | -0.72% | 3.24% | 3.27% | 3.47% | -0.27% |