NASDAQ : OFIX
Orthofix Medical Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 9.07 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 369.44M
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Financial statements
Orthofix Medical Inc. (OFIX) reported revenue of 833.19M 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 | 833.19M | 822.31M | 799.49M | 746.64M | 460.71M | 464.48M |
| Cost of Revenue | 239.46M | 245.43M | 241.42M | 224.32M | 123.54M | 114.91M |
| Gross Profit | 593.73M | 576.88M | 558.07M | 522.32M | 337.17M | 349.56M |
| Selling, General & Admin | 557.70M | 554.33M | 532.52M | 530.39M | 308.78M | 290.67M |
| Research & Development | 61.41M | 65.85M | 73.64M | 80.23M | 49.06M | 49.62M |
| Amortization of Goodwill & Intangibles | 12.18M | 14.31M | 17.44M | 17.46M | 9.80M | 9.41M |
| Operating Expenses | 631.29M | 634.49M | 623.60M | 628.08M | 367.64M | 349.70M |
| Operating Income | -37.56M | -57.61M | -65.53M | -105.77M | -30.47M | -134.00K |
| Interest Expense | -20.78M | -17.49M | -29.63M | -8.63M | -1.29M | -1.84M |
| Currency Exchange Gain (Loss) | -5.44M | -629.00K | -3.29M | -3.98M | ||
| Other Non Operating Income (Expenses) | 5.06M | 8.11M | -3.22M | -938.00K | 324.00K | 329.00K |
| EBT Excluding Unusual Items | -58.72M | -66.99M | -99.01M | -115.33M | -34.72M | -5.62M |
| Merger & Restructuring Charges | 389.00K | -24.96M | -12.19M | -36.04M | ||
| Impairment of Goodwill | -11.76M | |||||
| Gain (Loss) on Sale of Investments | -5.78M | -183.00K | 309.00K | |||
| Legal Settlements | -100.00K | |||||
| Other Unusual Items | -1.85M | 1.14M | -6.90M | 2.70M | 17.20M | 3.58M |
| Pretax Income | -60.28M | -90.81M | -123.88M | -148.68M | -17.71M | -13.49M |
| Income Tax Expense | 1.44M | 1.38M | 2.12M | 2.72M | 2.04M | 24.88M |
| Earnings From Continuing Operations | -61.72M | -92.19M | -126.00M | -151.40M | -19.75M | -38.38M |
| Net Income | -61.72M | -92.19M | -126.00M | -151.40M | -19.75M | -38.38M |
| Net Income to Common | -61.72M | -92.19M | -126.00M | -151.40M | -19.75M | -38.38M |
| Shares Outstanding (Basic) | 40.28M | 39.60M | 38.13M | 36.73M | 20.05M | 19.69M |
| Shares Outstanding (Diluted) | 40.28M | 39.60M | 38.13M | 36.73M | 20.05M | 19.69M |
| EPS (Basic) | -1.53 | -2.33 | -3.30 | -4.12 | -0.98 | -1.95 |
| EPS (Diluted) | -1.53 | -2.33 | -3.30 | -4.12 | -0.98 | -1.95 |
| Free Cash Flow | -27.82M | -1.28M | -9.09M | -107.80M | -34.70M | 690.00K |
| Free Cash Flow Per Share | -0.69 | -0.03 | -0.24 | -2.94 | -1.73 | 0.04 |
| Gross Margin | 71.26% | 70.15% | 69.80% | 69.96% | 73.18% | 75.26% |
| Operating Margin | -4.51% | -7.01% | -8.20% | -14.17% | -6.61% | -0.03% |
| Profit Margin | -7.41% | -11.21% | -15.76% | -20.28% | -4.29% | -8.26% |
| Free Cash Flow Margin | -3.34% | -0.16% | -1.14% | -14.44% | -7.53% | 0.15% |
| EBITDA | 20.93M | 4.71M | 10.43M | -45.20M | 1.61M | 32.96M |
| EBITDA Margin | 2.51% | 0.57% | 1.31% | -6.05% | 0.35% | 7.10% |
| D&A For EBITDA | 58.49M | 62.32M | 75.96M | 60.56M | 32.08M | 33.09M |
| EBIT | -37.56M | -57.61M | -65.53M | -105.77M | -30.47M | -134.00K |
| EBIT Margin | -4.51% | -7.01% | -8.20% | -14.16% | -6.61% | -0.03% |
| Advertising Expenses | 500.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 103.81M | 82.03M | 83.24M | 33.11M | 50.70M | 87.85M |
| Cash & Short-Term Investments | 103.81M | 82.03M | 83.24M | 33.11M | 50.70M | 87.85M |
| Receivables | 135.82M | 135.75M | 134.71M | 128.10M | 82.86M | 78.56M |
| Inventory | 184.47M | 172.32M | 189.45M | 222.17M | 100.15M | 82.97M |
| Prepaid Expenses | 21.43M | 23.67M | 23.38M | 32.42M | 22.28M | 20.14M |
| Restricted Cash | 595.00K | 3.09M | 2.50M | 4.65M | ||
| Total Current Assets | 446.13M | 416.85M | 433.29M | 420.44M | 255.99M | 269.52M |
| Property, Plant & Equipment | 151.68M | 151.68M | 157.04M | 178.93M | 65.02M | 62.41M |
| Long-Term Investments | 6.26M | 6.08M | 5.41M | |||
| Goodwill | 194.93M | 194.93M | 194.93M | 194.93M | 71.32M | 71.32M |
| Other Intangible Assets | 65.97M | 72.77M | 98.80M | 117.49M | 47.39M | 52.67M |
| Long-Term Accounts Receivable | 1.10M | 1.40M | ||||
| Long-Term Deferred Tax Assets | 1.88M | 1.54M | 2.08M | 1.47M | ||
| Long-Term Deferred Charges | 1.30M | 1.10M | 1.90M | 700.00K | 1.00M | |
| Other Long-Term Assets | 14.31M | 11.25M | 6.59M | 3.28M | 2.42M | 5.75M |
| Total Assets | 873.02M | 850.65M | 893.29M | 925.32M | 458.63M | 476.62M |
| Accounts Payable | 63.53M | 58.39M | 48.80M | 58.36M | 27.60M | 26.46M |
| Accrued Expenses | 94.59M | 98.66M | 93.28M | 49.10M | 49.94M | |
| Current Portion of Long-Term Debt | 1.25M | |||||
| Current Portion of Leases | 3.19M | 3.98M | 4.78M | 4.18M | 2.29M | 4.42M |
| Current Unearned Revenue | 4.79M | |||||
| Other Current Liabilities | 90.29M | 13.51M | 16.39M | 8.15M | 4.63M | 20.22M |
| Total Current Liabilities | 157.01M | 170.48M | 168.63M | 165.22M | 83.62M | 105.83M |
| Long-Term Debt | 221.59M | 157.39M | 157.01M | 93.11M | ||
| Long-Term Leases | 37.12M | 42.47M | 31.92M | 35.66M | 24.61M | 21.33M |
| Long-Term Deferred Tax Liabilities | 6.08M | 5.64M | 4.17M | 1.26M | 1.08M | |
| Other Long-Term Liabilities | 28.12M | 24.18M | 26.97M | 28.43M | 12.27M | 11.45M |
| Total Liabilities | 443.84M | 400.61M | 390.17M | 326.58M | 121.77M | 139.69M |
| Common Stock | 4.07M | 3.98M | 3.85M | 3.72M | 2.02M | 1.98M |
| Additional Paid-In Capital | 830.42M | 813.77M | 779.72M | 746.45M | 334.97M | 313.95M |
| Retained Earnings | -405.04M | -368.33M | -276.14M | -150.14M | 1.25M | 21.00M |
| Comprehensive Income & Other | -277.00K | 618.00K | -4.30M | -1.29M | -1.38M | |
| Shareholders' Equity | 429.18M | 450.04M | 503.12M | 598.73M | 336.86M | 336.93M |
| Total Liabilities & Equity | 873.02M | 850.65M | 893.29M | 925.32M | 458.63M | 476.62M |
| Total Debt | 261.90M | 203.85M | 193.71M | 134.20M | 26.91M | 25.76M |
| Net Cash (Debt) | -158.09M | -121.82M | -110.47M | -101.09M | 23.80M | 62.09M |
| Net Cash Per Share | -3.92 | -3.08 | -2.90 | -2.75 | 1.19 | 3.15 |
| Filing Date Shares Outstanding | 40.73M | 40.14M | 39.02M | 37.41M | 36.46M | 19.85M |
| Total Common Shares Outstanding | 40.73M | 39.83M | 38.49M | 37.16M | 20.16M | 19.84M |
| Working Capital | 289.12M | 246.37M | 264.66M | 255.22M | 172.37M | 163.69M |
| Book Value Per Share | 10.54 | 11.30 | 13.07 | 16.11 | 16.71 | 16.99 |
| Tangible Book Value | 168.27M | 182.34M | 209.39M | 286.31M | 218.16M | 212.95M |
| Tangible Book Value Per Share | 4.13 | 4.58 | 5.44 | 7.70 | 10.82 | 10.74 |
| Buildings | 4.40M | 3.87M | 4.10M | 3.87M | 3.92M | |
| Machinery | 286.21M | 262.70M | 235.45M | 148.88M | 159.10M | |
| Construction In Progress | 23.23M | 22.69M | 41.75M | 4.51M | 2.60M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -61.72M | -92.19M | -126.00M | -151.40M | -19.75M | -38.38M |
| Depreciation & Amortization | 58.49M | 62.32M | 75.96M | 60.56M | 32.08M | 33.09M |
| Loss (Gain) From Sale of Assets | 963.00K | 1.14M | 2.02M | 2.30M | 2.07M | |
| Asset Writedown & Restructuring Costs | 20.93M | 11.76M | ||||
| Loss (Gain) From Sale of Investments | -33.00K | -48.00K | 7.53M | 596.00K | -308.00K | -1.15M |
| Stock-Based Compensation | 28.66M | 28.69M | 32.45M | 35.71M | 18.44M | 15.43M |
| Provision & Write-off of Bad Debts | 4.01M | 2.25M | 2.00M | 820.00K | 2.10M | 444.00K |
| Other Operating Activities | 19.85M | 31.75M | 51.07M | 59.62M | -2.02M | 32.80M |
| Change in Accounts Receivable | -10.75M | -1.58M | -9.53M | -10.41M | -6.74M | -7.05M |
| Change in Inventory | -25.78M | -10.75M | -5.55M | -58.05M | -33.04M | -10.21M |
| Change in Accounts Payable | 12.22M | 2.60M | -5.57M | 8.64M | 2.28M | 4.25M |
| Change in Unearned Revenue | -4.79M | -9.06M | ||||
| Change in Other Net Operating Assets | -9.64M | -11.77M | 1.39M | 5.86M | -1.86M | -13.46M |
| Operating Cash Flow | 16.27M | 33.35M | 25.79M | -45.75M | -11.54M | 18.48M |
| Capital Expenditures | -44.09M | -34.63M | -34.88M | -62.05M | -23.16M | -17.79M |
| Cash Acquisitions | 29.42M | |||||
| Sale (Purchase) of Intangibles | -1.81M | |||||
| Investment in Securities | 7.40M | 126.00K | -2.17M | |||
| Other Investing Activities | 162.00K | 28.00K | -100.00K | -500.00K | -1.50M | -1.25M |
| Investing Cash Flow | -43.93M | -34.60M | -27.58M | -33.13M | -24.53M | -23.01M |
| Long-Term Debt Issued | 197.60M | 174.50M | ||||
| Total Debt Issued | 64.03M | 197.60M | 174.50M | |||
| Long-Term Debt Repaid | -762.00K | -143.21M | -106.55M | -2.59M | -537.00K | |
| Total Debt Repaid | -443.00K | -762.00K | -143.21M | -106.55M | -2.59M | -537.00K |
| Net Debt Issued (Repaid) | 63.58M | -762.00K | 54.39M | 67.95M | -2.59M | -537.00K |
| Issuance of Common Stock | 5.50M | 5.93M | 6.26M | 5.13M | 4.34M | 8.82M |
| Repurchase of Common Stock | -423.00K | -432.00K | -5.31M | -4.40M | -1.73M | -2.56M |
| Other Financing Activities | -5.01M | -5.52M | -4.63M | -3.36M | -92.00K | -9.35M |
| Financing Cash Flow | 63.65M | -786.00K | 50.71M | 65.32M | -78.00K | -3.62M |
| Foreign Exchange Rate Adjustments | -268.00K | 1.41M | -938.00K | 619.00K | -997.00K | -815.00K |
| Net Cash Flow | 35.72M | -623.00K | 47.98M | -12.94M | -37.15M | -8.97M |
| Free Cash Flow | -27.82M | -1.28M | -9.09M | -107.80M | -34.70M | 690.00K |
| Free Cash Flow Margin | -3.34% | -0.16% | -1.14% | -14.44% | -7.53% | 0.15% |
| Free Cash Flow Per Share | -0.69 | -0.03 | -0.24 | -2.94 | -1.73 | 0.04 |
| Levered Free Cash Flow | 4.10M | 27.32M | 55.42M | -140.87M | -36.18M | 20.23M |
| Unlevered Free Cash Flow | 17.09M | 38.25M | 73.94M | -135.48M | -35.37M | 21.37M |
| Cash Interest Paid | 17.30M | 17.30M | 16.90M | 5.80M | 1.40M | 1.50M |
| Cash Income Tax Paid | 1.60M | 1.60M | 1.30M | 900.00K | -900.00K | 4.80M |
| Change in Working Capital | -33.95M | -21.50M | -19.25M | -53.96M | -44.14M | -35.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 369.44M | 600.33M | 667.22M | 495.48M | 410.76M | 613.88M |
| Enterprise Value | 527.53M | 741.95M | 793.34M | 571.65M | 386.09M | 557.50M |
| Last Close Price | 9.07 | 15.16 | 17.46 | 13.48 | 20.53 | 31.09 |
| Forward PE | 14.63 | 26.70 | 22.03 | 22.03 | 21.88 | 35.26 |
| PS Ratio | 0.44 | 0.73 | 0.83 | 0.66 | 0.89 | 1.32 |
| PB Ratio | 0.86 | 1.33 | 1.33 | 0.83 | 1.22 | 1.82 |
| P/TBV Ratio | 2.20 | 3.29 | 3.19 | 1.73 | 1.88 | 2.88 |
| P/FCF Ratio | 889.68 | |||||
| P/OCF Ratio | 22.71 | 18.00 | 25.87 | 33.23 | ||
| PEG Ratio | 0.85 | 0.85 | 0.85 | 0.85 | 1.41 | |
| EV/Sales Ratio | 0.63 | 0.90 | 0.99 | 0.77 | 0.84 | 1.20 |
| EV/EBITDA Ratio | 25.21 | 157.36 | 76.06 | 240.26 | 16.91 | |
| EV/FCF Ratio | 807.97 | |||||
| Debt / Equity Ratio | 0.61 | 0.45 | 0.39 | 0.22 | 0.08 | 0.08 |
| Debt / EBITDA Ratio | 9.03 | 16.28 | 10.92 | 5.59 | 0.71 | |
| Debt / FCF Ratio | 37.33 | |||||
| Net Debt / Equity Ratio | 0.37 | 0.27 | 0.22 | 0.17 | -0.07 | -0.18 |
| Net Debt / EBITDA Ratio | 7.55 | 25.84 | 10.59 | -2.24 | -14.81 | -1.88 |
| Net Debt / FCF Ratio | -5.68 | -95.25 | -12.16 | -0.94 | 0.69 | -89.99 |
| Asset Turnover | 0.97 | 0.94 | 0.88 | 1.08 | 0.98 | 0.93 |
| Inventory Turnover | 1.34 | 1.36 | 1.17 | 1.39 | 1.35 | 1.37 |
| Quick Ratio | 1.53 | 1.28 | 1.29 | 0.98 | 1.60 | 1.57 |
| Current Ratio | 2.84 | 2.44 | 2.57 | 2.54 | 3.06 | 2.55 |
| Return on Equity (ROE) | -13.91% | -19.34% | -22.87% | -32.36% | -5.86% | -11.06% |
| Return on Assets (ROA) | -2.74% | -4.13% | -4.50% | -9.55% | -4.07% | -0.02% |
| Return on Invested Capital (ROIC) | -6.45% | -9.72% | -9.98% | -20.88% | -10.37% | -0.05% |
| Return on Capital Employed (ROCE) | -5.20% | -8.50% | -9.00% | -13.90% | -8.10% | 0.00% |
| Earnings Yield | -16.89% | -15.36% | -18.88% | -30.55% | -4.81% | -6.25% |
| FCF Yield | -7.53% | -0.21% | -1.36% | -21.76% | -8.45% | 0.11% |
| Buyback Yield / Dilution | -3.56% | -3.85% | -3.82% | -83.16% | -1.84% | -1.54% |