NYSE : PEN
Penumbra, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 321.97 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 12.68B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Penumbra, Inc. (PEN) reported revenue of 1.56B 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 | 1.56B | 1.40B | 1.19B | 1.06B | 847.13M | 747.59M |
| Cost of Revenue | 499.55M | 461.23M | 406.26M | 375.88M | 311.93M | 272.21M |
| Gross Profit | 1.06B | 942.44M | 788.36M | 682.64M | 535.21M | 475.38M |
| Selling, General & Admin | 776.61M | 663.42M | 573.99M | 506.45M | 449.72M | 378.33M |
| Research & Development | 94.93M | 89.77M | 94.78M | 84.42M | 79.41M | 104.55M |
| Operating Expenses | 871.54M | 753.19M | 668.77M | 590.88M | 529.12M | 482.88M |
| Operating Income | 189.25M | 189.25M | 119.59M | 91.77M | 6.08M | -7.50M |
| Interest Expense | -1.26M | -1.31M | -1.42M | -1.74M | -1.75M | -1.93M |
| Interest & Investment Income | 21.46M | 16.29M | 13.69M | 6.83M | 1.89M | 2.87M |
| Currency Exchange Gain (Loss) | -2.21M | 300.00K | 100.00K | 1.80M | -3.20M | -500.00K |
| Other Non Operating Income (Expenses) | 593.00K | 593.00K | -782.00K | -787.00K | 873.00K | -3.44M |
| EBT Excluding Unusual Items | 207.82M | 205.12M | 131.18M | 97.86M | 3.89M | -10.50M |
| Merger & Restructuring Charges | -110.31M | |||||
| Pretax Income | 207.82M | 205.12M | 20.87M | 79.65M | 3.89M | -10.50M |
| Income Tax Expense | 50.81M | 27.44M | 6.86M | -11.30M | 5.89M | -13.12M |
| Earnings From Continuing Operations | 157.02M | 177.69M | 14.01M | 90.95M | -2.00M | 2.62M |
| Minority Interest in Earnings | 2.66M | |||||
| Net Income | 157.02M | 177.69M | 14.01M | 90.95M | -2.00M | 5.28M |
| Net Income to Common | 157.02M | 177.69M | 14.01M | 90.95M | -2.00M | 5.28M |
| Shares Outstanding (Basic) | 39.31M | 38.92M | 38.63M | 38.40M | 37.84M | 36.76M |
| Shares Outstanding (Diluted) | 39.55M | 39.29M | 39.27M | 39.22M | 37.84M | 37.88M |
| EPS (Basic) | 3.99 | 4.57 | 0.36 | 2.37 | -0.05 | 0.14 |
| EPS (Diluted) | 3.97 | 4.52 | 0.36 | 2.32 | -0.05 | 0.14 |
| Free Cash Flow | 200.29M | 174.93M | 147.30M | 81.13M | -74.96M | -11.68M |
| Free Cash Flow Per Share | 5.06 | 4.45 | 3.75 | 2.07 | -1.98 | -0.31 |
| Gross Margin | 67.98% | 67.14% | 65.99% | 64.49% | 63.18% | 63.59% |
| Operating Margin | 12.13% | 13.48% | 10.01% | 8.67% | 0.72% | -1.00% |
| Profit Margin | 10.06% | 12.66% | 1.17% | 8.59% | -0.24% | 0.71% |
| Free Cash Flow Margin | 12.84% | 12.46% | 12.33% | 7.66% | -8.85% | -1.56% |
| EBITDA | 209.16M | 206.52M | 141.79M | 116.72M | 28.70M | 7.91M |
| EBITDA Margin | 13.41% | 14.71% | 11.87% | 11.03% | 3.39% | 1.06% |
| D&A For EBITDA | 19.92M | 17.27M | 22.20M | 24.96M | 22.62M | 15.41M |
| EBIT | 189.25M | 189.25M | 119.59M | 91.77M | 6.08M | -7.50M |
| EBIT Margin | 12.13% | 13.48% | 10.01% | 8.67% | 0.72% | -1.00% |
| Effective Tax Rate | 24.45% | 13.38% | 32.86% | 151.44% | ||
| Advertising Expenses | 3.20M | 1.60M | 1.20M | 1.10M | 1.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 254.28M | 186.90M | 324.40M | 167.49M | 69.86M | 59.38M |
| Short-Term Investments | 419.33M | 357.92M | 15.73M | 121.70M | 118.17M | 195.50M |
| Cash & Short-Term Investments | 673.61M | 544.82M | 340.13M | 289.19M | 188.03M | 254.88M |
| Accounts Receivable | 195.22M | 190.02M | 167.67M | 201.77M | 203.38M | 133.94M |
| Receivables | 195.22M | 190.02M | 167.67M | 201.77M | 203.38M | 133.94M |
| Inventory | 459.13M | 431.55M | 406.74M | 388.02M | 334.01M | 263.50M |
| Prepaid Expenses | 48.67M | 50.30M | 36.59M | 31.82M | 25.68M | 26.75M |
| Other Current Assets | 4.60M | 4.60M | 2.40M | |||
| Total Current Assets | 1.38B | 1.22B | 951.12M | 915.40M | 755.70M | 681.47M |
| Property, Plant & Equipment | 344.30M | 316.35M | 267.76M | 280.50M | 280.41M | 224.00M |
| Long-Term Investments | 13.76M | 13.76M | 12.85M | |||
| Goodwill | 166.48M | 166.75M | 165.83M | 166.27M | 166.05M | 166.39M |
| Other Intangible Assets | 5.55M | 6.83M | 7.20M | 83.09M | 91.72M | 93.71M |
| Long-Term Deferred Tax Assets | 79.22M | 79.19M | 100.33M | 85.16M | 64.21M | 65.70M |
| Long-Term Deferred Charges | 900.00K | 5.10M | 5.80M | |||
| Other Long-Term Assets | 39.16M | 26.95M | 28.09M | 24.98M | 7.69M | 7.18M |
| Total Assets | 2.03B | 1.83B | 1.53B | 1.56B | 1.37B | 1.24B |
| Accounts Payable | 41.96M | 34.74M | 31.33M | 27.16M | 26.68M | 13.42M |
| Accrued Expenses | 161.35M | 129.69M | 110.40M | 103.57M | 97.14M | 99.80M |
| Current Portion of Leases | 17.08M | 16.23M | 14.59M | 13.43M | 11.95M | 9.98M |
| Current Unearned Revenue | 6.99M | 9.16M | ||||
| Other Current Liabilities | 13.42M | 2.47M | 2.03M | |||
| Total Current Liabilities | 233.81M | 183.13M | 158.34M | 151.14M | 144.93M | 123.20M |
| Long-Term Leases | 192.31M | 203.47M | 208.80M | 220.91M | 223.82M | 163.57M |
| Other Long-Term Liabilities | 15.48M | 12.32M | 15.11M | 5.31M | 3.28M | 3.56M |
| Total Liabilities | 441.59M | 398.92M | 382.25M | 377.36M | 372.03M | 290.32M |
| Common Stock | 39.00K | 39.00K | 38.00K | 39.00K | 38.00K | 37.00K |
| Additional Paid-In Capital | 1.24B | 1.19B | 1.10B | 1.05B | 963.04M | 910.61M |
| Retained Earnings | 347.37M | 237.69M | 60.00M | 134.86M | 43.90M | 45.91M |
| Comprehensive Income & Other | 37.00K | 4.35M | -5.84M | -3.15M | -8.12M | -2.63M |
| Total Common Equity | 1.58B | 1.43B | 1.15B | 1.18B | 998.86M | 953.93M |
| Shareholders' Equity | 1.58B | 1.43B | 1.15B | 1.18B | 998.86M | 953.93M |
| Total Liabilities & Equity | 2.03B | 1.83B | 1.53B | 1.56B | 1.37B | 1.24B |
| Total Debt | 209.39M | 219.70M | 223.39M | 234.34M | 235.77M | 173.55M |
| Net Cash (Debt) | 464.22M | 325.12M | 116.74M | 54.84M | -47.74M | 81.33M |
| Net Cash Per Share | 11.74 | 8.27 | 2.97 | 1.40 | -1.26 | 2.15 |
| Filing Date Shares Outstanding | 39.41M | 39.24M | 38.52M | 38.70M | 38.18M | 37.65M |
| Total Common Shares Outstanding | 39.41M | 39.23M | 38.49M | 38.68M | 38.11M | 37.58M |
| Working Capital | 1.14B | 1.03B | 792.78M | 764.26M | 610.77M | 558.28M |
| Book Value Per Share | 40.18 | 36.39 | 29.90 | 30.48 | 26.21 | 25.38 |
| Tangible Book Value | 1.41B | 1.25B | 977.91M | 929.58M | 741.09M | 693.83M |
| Tangible Book Value Per Share | 35.81 | 31.97 | 25.41 | 24.03 | 19.45 | 18.46 |
| Machinery | 93.06M | 90.99M | 79.63M | 63.04M | 54.25M | |
| Construction In Progress | 57.69M | 3.78M | 3.54M | 7.52M | 11.10M | |
| Leasehold Improvements | 37.40M | 36.69M | 29.24M | 25.61M | 23.93M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 157.02M | 177.69M | 14.01M | 90.95M | -2.00M | 5.28M |
| Depreciation & Amortization | 19.92M | 17.27M | 22.20M | 24.96M | 22.62M | 15.41M |
| Other Amortization | 200.00K | 200.00K | 1.50M | 2.30M | 1.70M | 1.00M |
| Asset Writedown & Restructuring Costs | 76.94M | 18.21M | ||||
| Stock-Based Compensation | 58.40M | 59.21M | 46.16M | 50.52M | 37.38M | 65.76M |
| Other Operating Activities | 18.73M | 27.01M | 31.44M | -10.53M | 6.18M | -11.24M |
| Change in Accounts Receivable | -15.04M | -19.51M | 26.60M | -266.00K | -69.86M | -21.34M |
| Change in Inventory | -35.92M | -26.48M | -65.66M | -67.71M | -74.63M | -51.55M |
| Change in Accounts Payable | 8.55M | 3.07M | 4.17M | 1.10M | 13.38M | -1.56M |
| Change in Other Net Operating Assets | 49.20M | 213.00K | 11.11M | -12.21M | 9.57M | 7.75M |
| Operating Cash Flow | 261.05M | 238.66M | 168.48M | 97.33M | -55.66M | 9.50M |
| Capital Expenditures | -60.75M | -63.73M | -21.18M | -16.20M | -19.30M | -21.18M |
| Cash Acquisitions | 2.92M | |||||
| Investment in Securities | -276.44M | -340.86M | 97.71M | 625.00K | 74.09M | -3.07M |
| Other Investing Activities | -1.50M | 1.10M | -500.00K | -400.00K | ||
| Investing Cash Flow | -338.69M | -404.59M | 77.62M | -16.08M | 54.79M | -21.73M |
| Long-Term Debt Repaid | -2.48M | -2.28M | -1.98M | -1.75M | -1.45M | |
| Net Debt Issued (Repaid) | -2.41M | -2.48M | -2.28M | -1.98M | -1.75M | -1.45M |
| Issuance of Common Stock | 17.25M | 31.82M | 17.17M | 20.41M | 21.55M | 18.37M |
| Repurchase of Common Stock | -3.72M | -2.55M | -101.84M | -2.07M | -8.04M | -15.83M |
| Other Financing Activities | -256.00K | -61.00K | -155.00K | -137.00K | -250.00K | |
| Financing Cash Flow | 11.12M | 26.53M | -87.01M | 16.20M | 11.62M | 836.00K |
| Foreign Exchange Rate Adjustments | -222.00K | 1.89M | -2.18M | 168.00K | -272.00K | 1.11M |
| Net Cash Flow | -66.75M | -137.51M | 156.92M | 97.63M | 10.48M | -10.29M |
| Free Cash Flow | 200.29M | 174.93M | 147.30M | 81.13M | -74.96M | -11.68M |
| Free Cash Flow Margin | 12.84% | 12.46% | 12.33% | 7.66% | -8.85% | -1.56% |
| Free Cash Flow Per Share | 5.06 | 4.45 | 3.75 | 2.07 | -1.98 | -0.31 |
| Levered Free Cash Flow | 166.09M | 92.69M | 143.81M | 64.02M | -76.20M | -5.32M |
| Unlevered Free Cash Flow | 166.88M | 93.51M | 144.69M | 65.11M | -75.11M | -4.11M |
| Cash Income Tax Paid | 19.72M | 15.35M | 20.70M | 6.60M | 2.92M | 1.50M |
| Change in Working Capital | 6.78M | -42.72M | -23.78M | -79.08M | -121.53M | -66.71M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 12.64B | 12.18B | 9.11B | 9.71B | 8.45B | 10.73B |
| Enterprise Value | 12.17B | 11.92B | 9.05B | 9.69B | 8.48B | 10.63B |
| Last Close Price | 318.95 | 310.91 | 237.48 | 251.54 | 222.46 | 287.32 |
| PE Ratio | 80.78 | 68.52 | 650.46 | 106.74 | 2,031.40 | |
| Forward PE | 53.63 | 66.33 | 66.15 | 93.34 | 298.52 | 231.90 |
| PS Ratio | 8.10 | 8.67 | 7.63 | 9.17 | 9.97 | 14.36 |
| PB Ratio | 7.94 | 8.53 | 7.92 | 8.23 | 8.46 | 11.25 |
| P/TBV Ratio | 8.95 | 9.71 | 9.32 | 10.44 | 11.40 | 15.47 |
| P/FCF Ratio | 63.09 | 69.60 | 61.88 | 119.66 | ||
| P/OCF Ratio | 48.40 | 51.02 | 54.10 | 99.75 | 1,129.65 | |
| PEG Ratio | 1.54 | 2.06 | 2.39 | 0.90 | 15.74 | 13.64 |
| EV/Sales Ratio | 7.80 | 8.49 | 7.58 | 9.15 | 10.01 | 14.22 |
| EV/EBITDA Ratio | 58.19 | 57.73 | 63.83 | 83.00 | 295.50 | 1,344.98 |
| EV/EBIT Ratio | 64.32 | 63.00 | 75.68 | 105.58 | 1,394.57 | |
| EV/FCF Ratio | 60.77 | 68.16 | 61.44 | 119.42 | ||
| Debt / Equity Ratio | 0.13 | 0.15 | 0.19 | 0.20 | 0.24 | 0.18 |
| Debt / EBITDA Ratio | 0.85 | 0.91 | 1.27 | 1.56 | 3.99 | 6.61 |
| Debt / FCF Ratio | 1.04 | 1.26 | 1.52 | 2.89 | ||
| Net Debt / Equity Ratio | -0.29 | -0.23 | -0.10 | -0.05 | 0.05 | -0.09 |
| Net Debt / EBITDA Ratio | -2.22 | -1.57 | -0.82 | -0.47 | 1.66 | -10.29 |
| Net Debt / FCF Ratio | -2.32 | -1.86 | -0.79 | -0.68 | -0.64 | 6.96 |
| Asset Turnover | 0.83 | 0.84 | 0.77 | 0.72 | 0.65 | 0.72 |
| Inventory Turnover | 1.12 | 1.10 | 1.02 | 1.04 | 1.04 | 1.13 |
| Quick Ratio | 3.72 | 4.01 | 3.21 | 3.25 | 2.70 | 3.16 |
| Current Ratio | 5.89 | 6.64 | 6.01 | 6.06 | 5.21 | 5.53 |
| Return on Equity (ROE) | 10.67% | 13.78% | 1.20% | 8.35% | -0.21% | 0.33% |
| Return on Assets (ROA) | 6.28% | 7.04% | 4.84% | 3.92% | 0.29% | -0.45% |
| Return on Invested Capital (ROIC) | 12.97% | 15.35% | 7.44% | 8.46% | -0.33% | -1.13% |
| Return on Capital Employed (ROCE) | 10.60% | 11.50% | 8.70% | 6.50% | 0.50% | -0.70% |
| Earnings Yield | 1.24% | 1.46% | 0.15% | 0.94% | -0.02% | 0.05% |
| FCF Yield | 1.59% | 1.44% | 1.62% | 0.84% | -0.89% | -0.11% |
| Buyback Yield / Dilution | 0.31% | -0.06% | -0.13% | -3.63% | 0.10% | -5.91% |