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Stock research / United States / CNMD · Electromedical & Electrotherapeutic Apparatus · NYSE

Conmed Corp. (CNMD)

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Conmed Corp. (CNMD) reported revenue of $343 million for Q2 FY2026, the quarter ended 30 June 2026, up 0.3% on the same quarter a year earlier. Net income was $23 million, up 7.7% on the year, and diluted earnings per share $0.77. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$343 millionup 0.3%
Net income$23 millionup 7.7%
Diluted EPS$0.77
QuarterQ2 FY2026ended 30 June 2026

Conmed (CNMD) in brief

Conmed (CNMD) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 December 2025, up 5.2% on the year before.
Read moreNet income was $47 million and diluted earnings per share $1.51. Revenue was $1.3 billion in fiscal 2024, $1.2 billion in fiscal 2023, $1.0 billion in fiscal 2022 and $1.0 billion in fiscal 2021. Net income in the same years was $132 million, $64 million, a loss of $81 million and $63 million. Over the twelve months to 30 June 2026, Conmed reported revenue of $1.4 billion and net income of $56 million. Revenue grew 9.8% a year, compounded, over the five years to fiscal 2025. Conmed declared $0.60 a share in dividends over the last four quarters and had 30 million shares outstanding at the latest filed count. At 30 June 2026 it carried $657 million of debt and $37 million of cash. At the close of 9 October 2026 the market cap of Conmed was $1.3 billion, 24.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE5.4%
ROCE6.5%
Operating margin8.0%
Net margin4.1%
FCF margin9.8%
Interest cover3.69
Debt to equity0.63
Cash conversion2.67
Share count, 1 year-3.2%
Sales CAGR, 3 years9.6%
Profit CAGR, 3 yearsn/a
EPS, TTM$1.85

At the close of 9 October 2026

Price$44.42
Market cap$1.3 billion
Stock P/E24.01
Price to book1.28
EV / EBITDA12.01
Dividend yield1.4%
Market cap / sales0.97
52-week high$51.86
52-week low$32.11
Price, 1 year-2.2%
Price CAGR, 3 years-24.1%
Price CAGR, 5 years-20.3%
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 the one borrowings figure Conmed Corp. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
CNMDgreeksoup.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 CNMD

Filings21 in twelve months: 12 current reports (8-K), about 4 results of operations; 4 officer or director change; 3 regulation FD disclosure; 2 material agreement; 1 new financial obligation
Planned insider sales2 Form 144 notices in twelve months, $161,091; latest 21 November 2025
Options tapeput/call 0.2 by open interest at the 9 October 2026 close; the straddle prices a 6.3% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Capital Research Global Investors; 4 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest2.0 million shares short, 5.23 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
Revenue305327312332317346321342338373317343
Cost of revenue137145140148138148144154172155134146
Gross profit168182172184179198178188166218183197
Gross margin55%56%55%55%57%57%55%55%49%58%58%57%
R&D12.514.013.614.113.613.212.914.113.914.916.315.5
SG&A12511812312399.7133149136140167142146
Operating income30.350.235.047.165.752.516.038.211.936.625.436.4
Operating margin10%15%11%14%21%15%5%11%4%10%8%11%
Interest expense10.09.59.69.69.38.98.37.87.67.47.17.9
Pre-tax income20.340.725.437.556.543.67.729.94.329.318.431.3
Tax rate22%19%22%20%13%23%21%28%33%43%25%26%
Net income15.833.119.730.049.033.86.021.42.916.713.823.1
Net margin5%10%6%9%15%10%2%6%1%4%4%7%
Diluted EPS$0.50$1.05$0.63$0.96$1.57$1.08$0.19$0.69$0.09$0.54$0.45$0.77
Operating cash flow46.156.429.143.351.243.341.529.153.746.313.537.1
Capital expenditure5.44.92.03.63.44.03.85.75.25.12.92.9
Free cash flow40.751.527.139.747.839.337.823.448.541.210.634.2
Buybacksn/an/an/an/an/an/a0.00.0n/an/a37.06.2
Dividends paid6.16.16.26.26.26.26.26.26.26.20.00.0
Shares outstanding31m31m31m31m31m31m31m31m31m31mn/a30m
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

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue7407197647968609558621,0111,0451,2451,3071,3751,372
Cost of revenue336337355365391430402443474568574624606
Gross profit404382408431469525460568571676733750765
Gross margin54.6%53.1%53.5%54.1%54.6%54.9%53.4%56.2%54.6%54.3%56.1%54.6%55.8%
Research and development27.827.432.332.342.245.540.543.647.252.654.455.960.6
Selling, general and administrative323303338352356400374415454503478592594
Operating income52.851.237.746.971.379.146.011070.1121200103110
Operating margin7.1%7.1%4.9%5.9%8.3%8.3%5.3%10.9%6.7%9.7%15.3%7.5%8.0%
Interest expense6.16.015.418.220.742.744.135.528.939.837.331.129.9
Pre-tax income46.745.119.428.750.731.21.673.1-70.980.816371.183.2
Income tax14.514.64.7-26.89.82.6-7.910.69.716.430.624.126.7
Effective tax rate31.0%32.4%24.3%-93.1%19.3%8.3%-493.7%14.4%n/a20.3%18.8%33.8%32.1%
Net income32.230.514.755.540.928.69.562.5-80.664.513247.156.5
Net margin4.3%4.2%1.9%7.0%4.8%3.0%1.1%6.2%-7.7%5.2%10.1%3.4%4.1%
Diluted EPS$1.16$1.09$0.52$1.97$1.41$0.97$0.32$1.94-$2.68$2.04$4.25$1.51$1.85
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 product or service

FY2023FY2024FY2025Share
latest year
General Surgery71276380058.2%
Orthopedic Surgery53354457541.8%
General SurgeryOrthopedic Surgery
1,245FY20231,307FY20241,375FY2025

$ 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.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States70074877556.3%
EMEA22624326519.3%
Asia Pacific19719520915.2%
Americas (excluding the United States)1211211279.2%
United StatesEMEAAsia PacificAmericas (excluding the United States)
1,245FY20231,307FY20241,375FY2025

$ 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

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow65.250.939.965.674.795.164.511233.4125167171151
Capital expenditure15.415.014.812.816.520.113.014.921.819.013.119.816.1
Free cash flow49.835.925.152.758.275.151.596.911.6106154151134
Free cash flow margin6.7%5.0%3.3%6.6%6.8%7.9%6.0%9.6%1.1%8.5%11.8%11.0%9.8%
Cash from investing-20.7-24.4-266-29.1-16.5-388-13.6-14.9-250-20.0-13.1-21.03.4
Cash from financing-26.4-12.6183-34.9-72.3301-52.1-102225-110-151-136-150
Depreciation and amortisation32.831.340.541.441.751.052.249.849.851.451.352.352.1
Share-based compensation9.37.58.48.510.011.813.116.321.724.325.628.320.3
Buybacks16.90.00.0n/an/an/an/an/an/an/an/an/an/a
Dividends paid22.022.122.222.322.422.622.823.324.024.524.724.712.4
Dividend per share$0.80$0.80$0.80$0.80$0.80$0.80$0.80$0.80$0.80$0.80$0.80$0.60n/a
Diluted shares, weighted28m28m28m28m29m29m29m32m30m32m31m31m30m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a30m
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

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity5815855816316627107097857468349631,0331,041
Debt241271498486457755735672985973905834657
Operating lease liabilitiesn/an/an/an/an/a17.114.812.711.89.933.343.9n/a
Finance lease liabilitiesn/an/an/an/an/a0.50.40.20.11.71.20.5n/a
Other liabilities275246250240250292292295555481404414602
Total liabilities and equity1,0981,1021,3291,3581,3691,7751,7521,7662,2982,3002,3062,3262,300
Owned
Fixed assets133125122116113119111109116121116113110
Goodwill256261398402400618618618815807805807797
Intangible assets316308420415413533502471682649618582564
Cash and equivalents66.372.527.432.617.525.927.420.828.924.324.540.837.3
Receivables129134148167182189177184191242238248240
Inventory148133136141155165195232332318347356360
Other assets48.367.778.283.788.6126121132132138159179192
Total assets1,0981,1021,3291,3581,3691,7751,7521,7662,2982,3002,3062,3262,300
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, compounded6.7%9.8%9.6%3.4%
Profit growth, compounded4.4%37.7%n/a-48.7%
Return on equity, average4.6%4.6%8.7%4.6%
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 Conmed's revenue in fiscal 2025?

Conmed (CNMD) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 December 2025, up 5.2% on the year before.

How much did Conmed earn in fiscal 2025?

Net income was $47 million for fiscal 2025, and diluted earnings per share $1.51.

What is Conmed's P/E ratio?

At the close of 9 October 2026, Conmed traded at 24.0 times its earnings over the twelve months to 30 June 2026.

What is Conmed's market cap?

The market cap of Conmed was $1.3 billion at the close of 9 October 2026.

Does Conmed pay a dividend?

Yes. Conmed declared $0.60 a share in dividends over the four quarters to 30 June 2026.

Peers: Medical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Medtronic plc MDT$113.3 billion21.7910.4%18.1%9.8%0.513.2%
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
TransMedics Group, Inc. TMDX$2.7 billion20.1629.3%12.2%25.8%0.880.0%
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
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
4 companies share its SEC industry code (Electromedical & Electrotherapeutic 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 202629 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202517 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202418 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 202425 April 2024EDGAR

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