NASDAQ : LMAT
LeMaitre Vascular, Inc. — Financial statements
Healthcare · Medical Instruments & Supplies · United States
Last price 80.94 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.85B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
LeMaitre Vascular, Inc. (LMAT) reported revenue of 262.43M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 262.43M | 249.60M | 219.86M | 193.48M | 161.65M | 154.42M |
| Cost of Revenue | 73.83M | 73.76M | 68.96M | 66.44M | 56.76M | 53.04M |
| Gross Profit | 188.60M | 175.84M | 150.90M | 127.05M | 104.90M | 101.38M |
| Selling, General & Admin | 100.38M | 98.29M | 83.00M | 72.89M | 61.67M | 53.16M |
| Research & Development | 15.71M | 14.44M | 15.65M | 16.97M | 13.29M | 11.80M |
| Operating Expenses | 116.09M | 112.73M | 98.64M | 89.85M | 74.96M | 64.96M |
| Operating Income | 72.52M | 63.11M | 52.26M | 37.20M | 29.94M | 36.42M |
| Interest Expense | -5.20M | -5.18M | -205.00K | -2.22M | ||
| Interest & Investment Income | 13.92M | 13.09M | 4.95M | 3.08M | 986.00K | 197.00K |
| Other Non Operating Income (Expenses) | -773.00K | -103.00K | -125.00K | -314.00K | -325.00K | -116.00K |
| EBT Excluding Unusual Items | 80.47M | 70.92M | 56.88M | 39.96M | 30.60M | 34.29M |
| Merger & Restructuring Charges | -485.00K | -3.11M | ||||
| Gain (Loss) on Sale of Investments | -535.00K | -535.00K | ||||
| Other Unusual Items | 4.80M | 4.80M | ||||
| Pretax Income | 84.73M | 75.18M | 56.88M | 39.48M | 27.49M | 34.29M |
| Income Tax Expense | 19.06M | 17.45M | 12.84M | 9.37M | 6.85M | 7.38M |
| Net Income | 65.67M | 57.73M | 44.04M | 30.11M | 20.64M | 26.91M |
| Net Income to Common | 65.67M | 57.73M | 44.04M | 30.11M | 20.64M | 26.91M |
| Shares Outstanding (Basic) | 22.76M | 22.64M | 22.45M | 22.22M | 21.98M | 21.16M |
| Shares Outstanding (Diluted) | 23.73M | 22.93M | 22.78M | 22.42M | 22.17M | 21.48M |
| EPS (Basic) | 2.89 | 2.55 | 1.96 | 1.36 | 0.94 | 1.27 |
| EPS (Diluted) | 2.86 | 2.52 | 1.93 | 1.34 | 0.93 | 1.25 |
| Free Cash Flow | 73.83M | 74.47M | 37.16M | 29.49M | 22.15M | 30.22M |
| Free Cash Flow Per Share | 3.11 | 3.25 | 1.63 | 1.31 | 1.00 | 1.41 |
| Dividend Per Share | 0.90 | 0.80 | 0.64 | 0.56 | 0.50 | 0.44 |
| Gross Margin | 71.87% | 70.45% | 68.63% | 65.66% | 64.89% | 65.65% |
| Operating Margin | 27.63% | 25.29% | 23.77% | 19.23% | 18.52% | 23.59% |
| Profit Margin | 25.02% | 23.13% | 20.03% | 15.56% | 12.77% | 17.42% |
| Free Cash Flow Margin | 28.13% | 29.84% | 16.90% | 15.24% | 13.70% | 19.57% |
| EBITDA | 83.02M | 73.53M | 61.86M | 46.71M | 39.37M | 47.49M |
| EBITDA Margin | 31.64% | 29.46% | 28.14% | 24.14% | 24.35% | 30.76% |
| D&A For EBITDA | 10.50M | 10.42M | 9.61M | 9.52M | 9.43M | 11.07M |
| EBIT | 72.52M | 63.11M | 52.26M | 37.20M | 29.94M | 36.42M |
| EBIT Margin | 27.63% | 25.29% | 23.77% | 19.23% | 18.52% | 23.59% |
| Effective Tax Rate | 22.50% | 23.21% | 22.57% | 23.74% | 24.93% | 21.52% |
| Advertising Expenses | 195.00K | 236.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 26.62M | 28.24M | 25.61M | 24.27M | 19.13M | 13.86M |
| Short-Term Investments | 349.62M | 330.88M | 274.11M | 80.81M | 63.56M | 56.10M |
| Cash & Short-Term Investments | 376.24M | 359.12M | 299.72M | 105.07M | 82.69M | 69.96M |
| Receivables | 35.68M | 33.61M | 30.06M | 25.06M | 22.04M | 19.63M |
| Inventory | 70.50M | 70.42M | 64.93M | 58.08M | 50.27M | 46.10M |
| Prepaid Expenses | 5.87M | 5.08M | 7.48M | 6.38M | 6.73M | 4.19M |
| Total Current Assets | 488.30M | 468.23M | 402.19M | 194.60M | 161.73M | 139.88M |
| Property, Plant & Equipment | 49.59M | 42.76M | 41.57M | 39.78M | 33.53M | 32.13M |
| Goodwill | 65.94M | 65.94M | 65.94M | 65.94M | 65.94M | 65.94M |
| Other Intangible Assets | 30.54M | 33.09M | 35.82M | 41.71M | 46.53M | 52.71M |
| Long-Term Deferred Tax Assets | 734.00K | 759.00K | 1.43M | 1.00M | 1.75M | 1.57M |
| Other Long-Term Assets | 5.44M | 4.91M | 4.87M | 3.74M | 991.00K | 568.00K |
| Total Assets | 640.55M | 615.69M | 551.82M | 346.78M | 310.48M | 292.80M |
| Accounts Payable | 3.24M | 3.65M | 1.76M | 3.73M | 2.90M | 2.34M |
| Accrued Expenses | 22.03M | 27.75M | 24.09M | 23.26M | 19.52M | 15.78M |
| Current Portion of Leases | 3.44M | 2.94M | 2.68M | 2.47M | 1.89M | 1.87M |
| Current Income Taxes Payable | 849.00K | 1.66M | 639.00K | 390.00K | 449.00K | 551.00K |
| Other Current Liabilities | 380.00K | 322.00K | 1.43M | 24.00K | 573.00K | 1.27M |
| Total Current Liabilities | 29.93M | 36.32M | 30.61M | 29.88M | 25.33M | 21.81M |
| Long-Term Debt | 169.09M | 168.65M | 167.77M | |||
| Long-Term Leases | 17.72M | 14.00M | 15.23M | 16.62M | 14.71M | 14.07M |
| Long-Term Deferred Tax Liabilities | 2.00M | 1.74M | 85.00K | 107.00K | 69.00K | 70.00K |
| Other Long-Term Liabilities | 1.46M | 1.47M | 831.00K | 2.27M | 2.17M | 2.70M |
| Total Liabilities | 220.21M | 222.17M | 214.53M | 48.88M | 42.27M | 38.65M |
| Common Stock | 245.00K | 244.00K | 242.00K | 239.00K | 237.00K | 235.00K |
| Additional Paid-In Capital | 236.16M | 228.41M | 213.76M | 200.75M | 189.27M | 181.63M |
| Retained Earnings | 206.02M | 184.72M | 145.09M | 115.43M | 97.77M | 88.12M |
| Treasury Stock | -17.92M | -17.44M | -15.62M | -13.90M | -13.05M | -12.40M |
| Comprehensive Income & Other | -4.17M | -2.41M | -6.18M | -4.62M | -6.03M | -3.44M |
| Shareholders' Equity | 420.34M | 393.52M | 337.29M | 297.90M | 268.20M | 254.15M |
| Total Liabilities & Equity | 640.55M | 615.69M | 551.82M | 346.78M | 310.48M | 292.80M |
| Total Debt | 190.25M | 185.59M | 185.69M | 19.09M | 16.60M | 15.94M |
| Net Cash (Debt) | 185.99M | 173.53M | 114.04M | 85.98M | 66.09M | 54.02M |
| Net Cash Per Share | 7.84 | 7.57 | 5.01 | 3.83 | 2.98 | 2.52 |
| Filing Date Shares Outstanding | 22.87M | 22.78M | 22.56M | 22.34M | 22.10M | 21.93M |
| Total Common Shares Outstanding | 22.86M | 22.77M | 22.55M | 22.33M | 22.09M | 21.92M |
| Working Capital | 458.36M | 431.91M | 371.58M | 164.72M | 136.40M | 118.07M |
| Book Value Per Share | 18.38 | 17.28 | 14.96 | 13.34 | 12.14 | 11.59 |
| Tangible Book Value | 323.85M | 294.48M | 235.53M | 190.24M | 155.73M | 135.50M |
| Tangible Book Value Per Share | 14.16 | 12.93 | 10.44 | 8.52 | 7.05 | 6.18 |
| Buildings | 26.15M | 25.25M | 20.98M | 15.23M | 15.88M | |
| Machinery | 29.24M | 23.76M | 22.26M | 27.79M | 24.11M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 65.67M | 57.73M | 44.04M | 30.11M | 20.64M | 26.91M |
| Depreciation & Amortization | 10.50M | 10.42M | 9.61M | 9.52M | 9.43M | 11.07M |
| Other Amortization | 886.00K | 873.00K | 62.00K | |||
| Loss (Gain) From Sale of Assets | -20.00K | |||||
| Asset Writedown & Restructuring Costs | 485.00K | 1.95M | ||||
| Loss (Gain) From Sale of Investments | 535.00K | 535.00K | ||||
| Stock-Based Compensation | 7.86M | 7.83M | 6.57M | 5.32M | 4.17M | 3.48M |
| Provision & Write-off of Bad Debts | 813.00K | 817.00K | 813.00K | 344.00K | 637.00K | 263.00K |
| Other Operating Activities | 4.93M | 4.80M | 3.14M | 2.24M | 1.97M | 3.35M |
| Change in Accounts Receivable | -525.00K | -2.95M | -6.42M | -3.13M | -3.53M | -818.00K |
| Change in Inventory | -5.70M | -7.22M | -10.57M | -9.79M | -7.42M | -5.49M |
| Change in Accounts Payable | -1.03M | 4.20M | -923.00K | 4.60M | 645.00K | -1.73M |
| Change in Other Net Operating Assets | -972.00K | 4.22M | -2.19M | -2.92M | -3.10M | -1.93M |
| Operating Cash Flow | 82.98M | 81.25M | 44.12M | 36.75M | 25.38M | 35.10M |
| Capital Expenditures | -9.15M | -6.78M | -6.96M | -7.26M | -3.23M | -4.88M |
| Sale of Property, Plant & Equipment | 858.00K | |||||
| Cash Acquisitions | -1.96M | -1.90M | -899.00K | |||
| Investment in Securities | -57.35M | -56.26M | -193.16M | -16.55M | -8.00M | -56.19M |
| Investing Cash Flow | -68.47M | -64.94M | -200.12M | -24.71M | -10.37M | -61.08M |
| Long-Term Debt Issued | 169.27M | |||||
| Total Debt Issued | 169.27M | |||||
| Long-Term Debt Repaid | -39.00M | |||||
| Total Debt Repaid | -39.00M | |||||
| Net Debt Issued (Repaid) | 169.27M | -39.00M | ||||
| Issuance of Common Stock | 7.48M | 6.82M | 6.44M | 6.17M | 3.47M | 63.24M |
| Repurchase of Common Stock | -1.69M | -1.82M | -1.72M | -853.00K | -642.00K | -802.00K |
| Common Dividends Paid | -20.50M | -18.11M | -14.38M | -12.45M | -10.99M | -9.34M |
| Other Financing Activities | -95.00K | -1.43M | -1.51M | -1.07M | -401.00K | |
| Financing Cash Flow | -14.81M | -14.54M | 158.10M | -7.13M | -9.23M | 13.70M |
| Foreign Exchange Rate Adjustments | -252.00K | 864.00K | -765.00K | 230.00K | -494.00K | -637.00K |
| Net Cash Flow | -552.00K | 2.63M | 1.34M | 5.13M | 5.28M | -12.91M |
| Free Cash Flow | 73.83M | 74.47M | 37.16M | 29.49M | 22.15M | 30.22M |
| Free Cash Flow Margin | 28.13% | 29.84% | 16.90% | 15.24% | 13.70% | 19.57% |
| Free Cash Flow Per Share | 3.11 | 3.25 | 1.63 | 1.31 | 1.00 | 1.41 |
| Levered Free Cash Flow | 49.26M | 47.35M | 29.38M | 24.30M | 23.47M | 27.66M |
| Unlevered Free Cash Flow | 51.63M | 49.72M | 29.45M | 24.30M | 23.47M | 29.05M |
| Cash Income Tax Paid | 18.02M | 13.44M | 12.84M | 7.55M | 8.34M | 10.15M |
| Change in Working Capital | -8.23M | -1.75M | -20.10M | -11.25M | -13.40M | -9.96M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.85B | 1.84B | 2.07B | 1.26B | 1.01B | 1.10B |
| Enterprise Value | 1.67B | 1.68B | 1.97B | 1.18B | 949.47M | 1.05B |
| Last Close Price | 80.94 | 80.47 | 90.59 | 55.36 | 44.43 | 47.98 |
| PE Ratio | 28.33 | 31.87 | 47.04 | 41.98 | 49.06 | 40.77 |
| Forward PE | 26.48 | 31.42 | 44.00 | 38.62 | 40.87 | 38.66 |
| PS Ratio | 7.05 | 7.37 | 9.42 | 6.53 | 6.26 | 7.10 |
| PB Ratio | 4.40 | 4.67 | 6.14 | 4.24 | 3.77 | 4.32 |
| P/TBV Ratio | 5.72 | 6.25 | 8.80 | 6.64 | 6.50 | 8.10 |
| P/FCF Ratio | 25.07 | 24.71 | 55.75 | 42.86 | 45.71 | 36.30 |
| P/OCF Ratio | 22.31 | 22.64 | 46.95 | 34.38 | 39.90 | 31.25 |
| PEG Ratio | 1.66 | 1.46 | 2.13 | 2.46 | 3.76 | 2.27 |
| EV/Sales Ratio | 6.34 | 6.74 | 8.94 | 6.12 | 5.87 | 6.78 |
| EV/EBITDA Ratio | 20.06 | 22.88 | 31.78 | 25.34 | 24.12 | 22.03 |
| EV/EBIT Ratio | 22.96 | 26.66 | 37.62 | 31.82 | 31.72 | 28.73 |
| EV/FCF Ratio | 22.55 | 22.59 | 52.91 | 40.14 | 42.87 | 34.62 |
| Debt / Equity Ratio | 0.45 | 0.47 | 0.55 | 0.06 | 0.06 | 0.06 |
| Debt / EBITDA Ratio | 2.15 | 2.40 | 2.86 | 0.39 | 0.39 | 0.32 |
| Debt / FCF Ratio | 2.58 | 2.49 | 5.00 | 0.65 | 0.75 | 0.53 |
| Net Debt / Equity Ratio | -0.44 | -0.44 | -0.34 | -0.29 | -0.25 | -0.21 |
| Net Debt / EBITDA Ratio | -2.24 | -2.36 | -1.84 | -1.84 | -1.68 | -1.14 |
| Net Debt / FCF Ratio | -2.52 | -2.33 | -3.07 | -2.92 | -2.98 | -1.79 |
| Asset Turnover | 0.43 | 0.43 | 0.49 | 0.59 | 0.54 | 0.57 |
| Inventory Turnover | 1.06 | 1.09 | 1.12 | 1.23 | 1.18 | 1.16 |
| Quick Ratio | 13.76 | 10.81 | 10.78 | 4.36 | 4.13 | 4.11 |
| Current Ratio | 16.31 | 12.89 | 13.14 | 6.51 | 6.38 | 6.41 |
| Return on Equity (ROE) | 16.77% | 15.80% | 13.87% | 10.64% | 7.90% | 12.61% |
| Return on Assets (ROA) | 7.44% | 6.76% | 7.27% | 7.07% | 6.20% | 8.34% |
| Return on Invested Capital (ROIC) | 24.25% | 21.87% | 18.59% | 13.70% | 11.17% | 14.27% |
| Return on Capital Employed (ROCE) | 11.90% | 10.90% | 10.00% | 11.70% | 10.50% | 13.40% |
| Earnings Yield | 3.53% | 3.14% | 2.13% | 2.38% | 2.04% | 2.45% |
| FCF Yield | 3.99% | 4.05% | 1.79% | 2.33% | 2.19% | 2.76% |
| Dividend Yield | 1.23% | 0.99% | 0.70% | 0.99% | 1.09% | 0.88% |
| Payout Ratio | 33.25% | 31.37% | 32.65% | 41.35% | 53.25% | 34.70% |
| Buyback Yield / Dilution | -3.65% | -0.66% | -1.59% | -1.14% | -3.24% | -4.86% |
| Total Shareholder Return | -2.41% | 0.33% | -0.89% | -0.15% | -2.15% | -3.98% |