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Stock research / United States / AORT · Surgical & Medical Instruments & Apparatus · NYSE

Artivion, Inc. (AORT)

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Artivion, Inc. (AORT) reported revenue of $126 million for Q2 FY2026, the quarter ended 30 June 2026, up 11.3% on the same quarter a year earlier. Net income was -$14 million, and diluted earnings per share $-0.28. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$126 millionup 11.3%
Net income-$14 million
Diluted EPS$-0.28
QuarterQ2 FY2026ended 30 June 2026

Artivion (AORT) in brief

Artivion (AORT) reported revenue of $441 million for fiscal 2025, the year ended 31 December 2025, up 13.6% on the year before.
Read moreNet income was $10 million and diluted earnings per share $0.21. Revenue was $389 million in fiscal 2024, $354 million in fiscal 2023, $314 million in fiscal 2022 and $299 million in fiscal 2021. Net income in the same years was a loss of $13 million, a loss of $31 million, a loss of $19 million and a loss of $15 million. Over the twelve months to 30 June 2026, Artivion reported revenue of $471 million and net loss of $3 million. Revenue grew 11.8% a year, compounded, over the five years to fiscal 2025. Artivion had 49 million shares outstanding at the latest filed count. At 30 June 2026 it carried $363 million of debt and $77 million of cash. At the close of 9 October 2026 the market cap of Artivion was $1.0 billion.

Ratios

From the filings

ROE-0.7%
ROCE2.6%
Operating margin4.4%
Net margin-0.7%
FCF margin-1.9%
Interest cover0.85
Debt to equity0.82
Cash conversionn/a
Share count, 1 year3.3%
Sales CAGR, 3 years12.0%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.07

At the close of 9 October 2026

Price$21.25
Market cap$1.0 billion
Stock P/En/a
Price to book2.33
EV / EBITDA29.25
Dividend yield0.0%
Market cap / sales2.20
52-week high$47.63
52-week low$20.10
Price, 1 year-47.3%
Price CAGR, 3 years11.1%
Price CAGR, 5 years-0.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Artivion, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
AORTgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on AORT

Filings14 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 regulation FD disclosure; 1 other events; 1 shareholder vote; 1 material agreement
Planned insider sales57 Form 144 notices in twelve months, $20.9 million; latest 10 September 2026
Options tapeput/call 0.21 by open interest at the 9 October 2026 close; the straddle prices a 35.4% move to 16 October 2026
13F holders5 of the followed funds hold it; largest FMR LLC; 9 Schedule 13D or 13G filings in twelve months
Insider trading64 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest3.6 million shares short, 5.53 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue87.993.797.498.095.897.399.0113113116116126
Cost of revenue31.632.634.534.734.835.835.439.939.042.840.945.2
Gross profit56.361.162.963.361.061.563.673.174.473.175.480.5
Gross margin64%65%65%65%64%63%64%65%66%63%65%64%
R&D6.47.66.97.56.67.46.77.18.19.18.89.1
SG&A51.150.330.749.350.051.454.757.757.356.860.879.8
Operating income-1.23.225.36.54.42.72.18.412.510.75.8-8.4
Operating margin-1%3%26%7%5%3%2%7%11%9%5%-7%
Interest expense6.66.27.88.38.49.77.77.36.15.55.47.3
Pre-tax income-9.4-0.612.8-2.4-1.3-16.6-2.33.57.16.50.3-11.7
Tax raten/an/a41%n/an/an/an/a61%8%63%-318%n/a
Net income-9.8-4.07.5-2.1-2.3-16.5-0.51.36.52.41.4-13.5
Net margin-11%-4%8%-2%-2%-17%-1%1%6%2%1%-11%
Diluted EPS-$0.24-$0.10$0.18-$0.05-$0.05-$0.39-$0.01$0.03$0.13$0.05$0.03-$0.28
Operating cash flow7.210.8-5.56.111.510.1-17.015.022.319.61.2-1.3
Capital expenditure1.51.93.62.53.61.43.63.34.627.58.010.7
Free cash flow5.88.9-9.13.67.88.7-20.611.717.7-7.9-6.8-12.0
Shares outstanding43m41m42m42m42m42m43m47m47m48m49m49m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue145146180190263276253299314354389441471
Cost of revenue53.455.261.561.189.993.285.4101111125140157168
Gross profit91.390.7119129173183168198203229249284304
Gross margin63.1%62.2%65.9%67.8%65.8%66.3%66.3%66.1%64.5%64.7%64.0%64.4%64.4%
Research and development8.710.413.419.523.123.024.235.538.928.728.531.035.1
Selling, general and administrative73.874.991.5101141143141170157209181226255
Operating income8.85.421.88.09.317.02.48.16.25.738.933.720.6
Operating margin6.1%3.7%12.1%4.2%3.5%6.2%1.0%2.7%2.0%1.6%10.0%7.6%4.4%
Interest expense0.20.13.04.915.814.916.716.918.225.334.326.624.3
Pre-tax income8.75.918.43.6-6.41.6-17.2-14.8-15.0-21.6-7.514.82.2
Income tax1.41.97.6-0.1-3.6-0.1-0.50.04.29.15.85.05.4
Effective tax rate15.9%31.7%41.5%-4.0%n/a-4.6%n/an/an/an/an/a33.9%241.7%
Net income7.34.010.83.7-2.81.7-16.7-14.8-19.2-30.7-13.49.8-3.2
Net margin5.1%2.7%6.0%2.0%-1.1%0.6%-6.6%-5.0%-6.1%-8.7%-3.4%2.2%-0.7%
Diluted EPS$0.25$0.14$0.32$0.11-$0.08$0.05-$0.44-$0.38-$0.48-$0.75-$0.32$0.21-$0.07
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region

FY2023FY2024FY2025Share
latest year
Foreign17519922751.5%
United States17919021448.5%
ForeignUnited States
354FY2023389FY2024441FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow8.111.419.710.89.915.812.4-2.6-5.218.822.239.941.7
Capital expenditure4.33.56.26.65.88.17.313.110.79.811.239.050.9
Free cash flow3.88.013.54.24.17.85.0-15.7-15.99.111.00.8-9.2
Free cash flow margin2.6%5.5%7.5%2.2%1.6%2.8%2.0%-5.2%-5.1%2.6%2.8%0.2%-1.9%
Cash from investingn/a-4.5-78.9-171-6.7-23.9-73.15.7-10.7-0.5-28.2-42.0-175
Cash from financingn/a-2.873.4143-2.6-1.593.6-12.2-1.60.92.211.3158
Depreciation and amortisation6.05.98.49.718.118.320.724.022.423.124.222.524.6
Share-based compensation3.45.16.36.96.38.86.910.712.314.414.224.426.8
Buybacks5.6n/an/an/an/an/an/an/an/an/an/an/an/a
Dividends paid3.33.4n/an/an/an/an/an/an/an/an/an/an/a
Dividend per share$0.12$0.12$0.00$0.00$0.00$0.00n/an/an/an/an/an/an/a
Diluted shares, weighted28m29m33m34m36m38m38m39m40m41m42m47m49m
Shares outstanding at period endn/an/an/an/an/an/an/an/a42mn/an/an/a49m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity149155209277275286329301284282276448446
Debtn/an/a71.6219217216292309308307314215363
Operating lease liabilitiesn/an/an/an/a0.017.914.044.941.344.040.034.435.8
Finance lease liabilitiesn/an/an/an/a5.95.45.34.43.63.42.82.72.8
Other liabilities27.525.935.693.773.280.9150134125156156184224
Total liabilities and equity1761813165905716067897937637927898851,072
Owned
Fixed assets12.011.518.533.631.032.133.137.538.738.436.465.073.7
Goodwill11.411.478.3188189187260250244247241254350
Intangible assets11.81.41.0130118115186167151143128124149
Cash and equivalents33.437.656.640.041.533.861.455.039.458.953.564.977.3
Receivables21.123.427.847.547.152.946.053.061.871.879.589.897.9
Inventory12.714.626.346.745.553.173.077.074.582.079.892.4103
Other assets73.881.310810399.0132130154154151171195220
Total assets1761813165905716067897937637927898851,072
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded11.7%11.8%12.0%16.4%
Profit growth, compounded9.3%n/an/an/a
Return on equity, average-2.4%-5.0%-4.5%2.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Artivion's revenue in fiscal 2025?

Artivion (AORT) reported revenue of $441 million for fiscal 2025, the year ended 31 December 2025, up 13.6% on the year before.

How much did Artivion earn in fiscal 2025?

Net income was $10 million for fiscal 2025, and diluted earnings per share $0.21.

What is Artivion's market cap?

The market cap of Artivion was $1.0 billion at the close of 9 October 2026.

How much debt does Artivion have?

At 30 June 2026 Artivion carried $363 million of debt and $77 million of cash.

Peers: Medical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Stryker Corp. SYK$106.4 billion28.7315.5%21.4%8.5%0.621.3%
3M Co. MMM$82.5 billion28.41101.5%18.4%2.3%3.691.8%
Boston Scientific Corp. BSX$61.9 billion17.3114.7%19.8%13.5%0.44n/a
Becton Dickinson & Co. BDX$50.0 billion55.343.9%9.6%-2.6%0.552.3%
Resmed Inc. RMD$33.2 billion22.0523.1%33.4%9.9%0.101.0%
Dexcom Inc. DXCM$31.7 billion33.2438.1%22.9%15.5%0.47n/a
West Pharmaceutical Services Inc. WST$25.8 billion46.8818.9%20.5%12.4%0.070.2%
Solventum Corp. SOLV$14.9 billion10.6829.9%25.0%-0.9%1.06n/a
Baxter International Inc. BAX$12.6 billionn/a-17.1%-2.4%5.4%1.522.1%
Penumbra Inc. PEN$12.6 billion78.4810.5%12.4%17.6%0.00n/a
Globus Medical Inc. GMED$10.0 billion19.0911.2%20.3%19.7%0.00n/a
Glaukos Corp. GKOS$9.7 billionn/a-27.6%-31.6%41.5%0.00n/a
All 44 in Medical Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$150.0 billion48.5617.3%31.3%20.7%0.00n/a
Medtronic plc MDT$113.3 billion21.7910.4%18.1%9.8%0.513.2%
Stryker Corp. SYK$106.4 billion28.7315.5%21.4%8.5%0.621.3%
3M Co. MMM$82.5 billion28.41101.5%18.4%2.3%3.691.8%
Boston Scientific Corp. BSX$61.9 billion17.3114.7%19.8%13.5%0.44n/a
Becton Dickinson & Co. BDX$50.0 billion55.343.9%9.6%-2.6%0.552.3%
Edwards Lifesciences Corp. EW$49.1 billion48.979.5%22.3%14.6%0.06n/a
Resmed Inc. RMD$33.2 billion22.0523.1%33.4%9.9%0.101.0%
Dexcom Inc. DXCM$31.7 billion33.2438.1%22.9%15.5%0.47n/a
GE HealthCare Technologies Inc. GEHC$29.9 billion15.0818.1%12.9%6.5%0.920.2%
West Pharmaceutical Services Inc. WST$25.8 billion46.8818.9%20.5%12.4%0.070.2%
Koninklijke Philips N.V. PHG *$23.3 billion23.158.2%8.0%-1.0%0.741.6%
Steris plc STE$20.9 billion26.2111.2%18.9%8.4%0.261.1%
Zimmer Biomet Holdings, Inc. ZBH$17.0 billion21.636.4%14.2%8.6%0.501.1%
Solventum Corp. SOLV$14.9 billion10.6829.9%25.0%-0.9%1.06n/a
Baxter International Inc. BAX$12.6 billionn/a-17.1%-2.4%5.4%1.522.1%
Penumbra Inc. PEN$12.6 billion78.4810.5%12.4%17.6%0.00n/a
Smith & Nephew plc SNN *$12.0 billion19.0211.8%12.9%6.1%0.592.8%
Cooper Companies, Inc. COO$10.3 billion18.566.8%12.8%4.7%0.310.0%
Align Technology Inc. ALGN$10.2 billion24.839.8%13.2%4.4%0.00n/a
Globus Medical Inc. GMED$10.0 billion19.0911.2%20.3%19.7%0.00n/a
Glaukos Corp. GKOS$9.7 billionn/a-27.6%-31.6%41.5%0.00n/a
Insulet Corp. PODD$9.4 billion25.2826.4%16.9%29.4%0.65n/a
MSA Safety Inc. MSA$7.0 billion22.4622.4%21.2%6.5%0.431.2%
Haemonetics Corp. HAE$5.4 billion58.2011.5%11.9%0.4%1.42n/a
Teleflex Inc. TFX$5.3 billionn/a-35.5%2.0%30.7%0.971.1%
Merit Medical Systems Inc. MMSI$5.2 billion36.048.7%12.8%10.2%0.44n/a
Integer Holdings Corp. ITGR$4.3 billion34.597.5%9.7%2.7%0.72n/a
LivaNova plc LIVN$4.2 billion22.6014.2%12.7%12.4%0.22n/a
ICU Medical Inc. ICUI$4.0 billion135.931.4%3.3%-9.0%0.57n/a
Envista Holdings Corp. NVST$3.7 billion39.643.1%9.6%11.9%0.47n/a
Warby Parker Inc. WRBY$3.2 billion361.362.0%0.2%11.0%0.00n/a
TransMedics Group, Inc. TMDX$2.7 billion20.1629.3%12.2%25.8%0.880.0%
UFP Technologies Inc. UFPT$2.2 billion31.1215.6%15.3%7.3%0.25n/a
Inspire Medical Systems, Inc. INSP$2.0 billion14.9216.4%6.0%4.3%0.00n/a
Lemaitre Vascular Inc. LMAT$1.8 billion28.3115.6%29.5%11.8%0.401.0%
Dentsply Sirona Inc. XRAY$1.8 billionn/a-40.4%-8.5%-0.8%1.487.2%
Conmed Corp. CNMD$1.3 billion24.015.4%8.0%3.4%0.631.4%
National Vision Holdings, Inc. EYE$1.3 billion27.315.6%4.1%7.8%0.26n/a
Tandem Diabetes Care Inc. TNDM$1.1 billionn/a-48.6%-4.4%4.0%4.62n/a
Staar Surgical Co. STAA$1.1 billion309.711.1%4.0%51.3%0.00n/a
Integra Lifesciences Holdings Corp. IART$1.0 billionn/a-0.7%4.0%1.6%1.79n/a
Artivion, Inc. AORT$1.0 billionn/a-0.7%4.4%16.4%0.820.0%
Enovis Corp. ENOV$1.0 billionn/a-74.6%-45.1%4.9%0.87n/a
22 companies share its SEC industry code (Surgical & Medical Instruments & Apparatus); the rest are the names nearest in size in its wider industry, Medical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202518 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

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