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LivaNova plc (LIVN)

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LivaNova plc (LIVN) reported revenue of $391 million for Q2 FY2026, the quarter ended 30 June 2026, up 10.8% on the same quarter a year earlier. Net income was $109 million, up 299.7% on the year, and diluted earnings per share $1.93. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$391 millionup 10.8%
Net income$109 millionup 299.7%
Diluted EPS$1.93
QuarterQ2 FY2026ended 30 June 2026

LivaNova (LIVN) in brief

LivaNova (LIVN) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 December 2025, up 10.7% on the year before.
Read moreNet loss was $242 million and the diluted loss per share $4.45. 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 $63 million, $18 million, a loss of $86 million and a loss of $136 million. Over the twelve months to 30 June 2026, LivaNova reported revenue of $1.5 billion and net income of $189 million. Revenue grew 8.2% a year, compounded, over the five years to fiscal 2025. LivaNova had 55 million shares outstanding at the latest filed count. At 30 June 2026 it carried $290 million of debt and $517 million of cash. At the close of 8 October 2026 the market cap of LivaNova was $4.2 billion, 22.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE14.2%
ROCE11.6%
Operating margin12.7%
Net margin12.8%
FCF margin10.1%
Interest cover5.04
Debt to equity0.22
Cash conversion1.32
Share count, 1 year0.8%
Sales CAGR, 3 years10.8%
Profit CAGR, 3 yearsn/a
EPS, TTM$3.38

At the close of 8 October 2026

Price$75.91
Market cap$4.2 billion
Stock P/E22.46
Price to book3.15
EV / EBITDA16.46
Dividend yieldn/a
Market cap / sales2.84
52-week high$85.33
52-week low$49.57
Price, 1 year42.2%
Price CAGR, 3 years14.6%
Price CAGR, 5 years-0.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as LivaNova plc files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
LIVNgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay 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 LIVN

Filings14 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 officer or director change
Planned insider sales8 Form 144 notices in twelve months, $1.9 million; latest 10 September 2026
Options tapeput/call 0.36 by open interest at the 8 October 2026 close; the straddle prices a 7.3% move to 16 October 2026
13F holders8 of the followed funds hold it; largest FMR LLC; 5 Schedule 13D or 13G filings in twelve months
Insider trading7 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest5.4 million shares short, 9.67 days to cover at 15 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 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 * †Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue286310295319318322317353358361362391
Cost of revenue84.312091.710497.1107101114113n/a119117
Gross profit202190203215221214216239245235244274
Gross margin71%61%69%67%69%67%68%68%68%65%67%70%
R&D46.546.245.744.748.843.337.947.248.652.158.753.7
SG&A135133126125127131129138139n/a144158
Operating income4.5-88.016.240.235.637.048.654.254.042.641.549.5
Operating margin2%-28%6%13%11%12%15%15%15%12%11%13%
Interest expense15.015.615.915.515.915.815.312.310.910.98.37.2
Pre-tax income-2.0-94.3-34.221.644.456.5-31633.333.927.627.518.5
Tax raten/an/an/a24%26%1%n/a18%21%-12%16%-488%
Net income-7.316.3-41.916.333.055.9-32727.226.830.922.3109
Net margin-3%5%-14%5%10%17%-103%8%7%9%6%28%
Diluted EPS-$0.14$0.30-$0.78$0.30$0.60$1.02-$6.01$0.50$0.49$0.56$0.40$1.93
Operating cash flow18.154.010.043.451.078.724.062.985.182.415.266.6
Capital expenditure8.712.96.412.218.110.410.815.122.932.214.331.6
Free cash flow9.441.03.631.232.868.313.247.862.250.20.935.0
Shares outstanding54m54m54m54m54m54m55m55m55m55m55m55m
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. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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), 10 fiscal years and the trailing twelve months

FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Revenue9651,0121,1071,0849341,0351,0221,1541,2531,3881,472
Cost of revenue368353362360339329315398400448n/a
Gross profit560652745724595706707756853940998
Gross margin58.0%64.4%67.3%66.8%63.7%68.2%69.2%65.5%68.1%67.7%67.8%
Research and development82.1110146147153183156194183186213
Selling, general and administrative355381465528447472469503509549n/a
Operating income33.496.5-248-172-274-0.8-76.8-68.5129199188
Operating margin3.5%9.5%-22.4%-15.8%-29.3%-0.1%-7.5%-5.9%10.3%14.4%12.7%
Interest expense10.67.89.815.140.850.248.258.963.149.337.2
Pre-tax income25.7121-247-188-348-124-75.1-81.288.3-221108
Income tax5.150.0-69.6-30.4-1.011.211.1-98.925.121.6-82.0
Effective tax rate19.9%41.2%n/an/an/an/an/an/a28.4%n/a-76.3%
Net income-62.8-25.1-189-158-349-136-86.217.563.2-242189
Net margin-6.5%-2.5%-17.1%-14.5%-37.3%-13.1%-8.4%1.5%5.0%-17.5%12.8%
Diluted EPS-$1.29-$0.52-$3.91-$3.26-$7.18-$2.68-$1.61$0.32$1.16-$4.45$3.38
Filing10-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 segment

FY2024FY2025Share
latest year
Cardiopulmonary68478557.0%
Neuromodulation55459343.0%
CardiopulmonaryNeuromodulation
1,238FY20241,378FY2025

$ 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

FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow90.291.3120-91.1-79.410369.974.9183254249
Capital expenditure38.432.937.224.735.025.526.535.047.181.0101
Free cash flow51.858.483.3-116-11477.143.439.9136173148
Free cash flow margin5.4%5.8%7.5%-10.7%-12.3%7.4%4.2%3.5%10.8%12.5%10.1%
Cash from investing-44.5-52.9-121-41.3-41.836.9-38.4-40.3-48.2-72.9-99.8
Cash from financing-11811.3-42.3147311-18128021.518.6-286-223
Depreciation and amortisation85.470.269.930.329.0n/an/a50.242.346.352.6
Share-based compensation19.619.126.932.635.140.644.836.433.936.344.5
Buybacks54.50.050.00.00.0n/an/an/an/an/an/a
Diluted shares, weighted49m49m48m48m49m51m53m54m55m55m56m
Shares outstanding at period end48m48m48m48m49m53m54m54m54m55m55m
Filing10-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

FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity1,7071,8151,5001,3781,1091,2951,2081,2781,3201,2001,325
Short-term borrowings26.3n/an/an/an/an/an/an/an/an/an/a
Debt12362.0140334651237539586627376290
Operating lease liabilitiesn/an/a0.046.042.235.929.545.440.148.349.7
Other liabilities487627910654598634519521519982976
Total liabilities and equity2,3432,5042,5502,4122,4002,2012,2952,4302,5062,6062,641
Owned
Fixed assets204192191181164150147154170243273
Goodwill692784957916922900769783750793779
Intangible assets609446770608438400369261237230217
Investmentsn/an/an/an/an/an/an/an/a25.120.315.3
Cash and equivalents39.893.647.261.1253208214267429636517
Receivables213282256258184185183215193216231
Inventory133144154164115106129148148165173
Other assets452561174224324252484602554304436
Total assets2,3432,5042,5502,4122,4002,2012,2952,4302,5062,6062,641
Filing10-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, compoundedn/a8.2%10.8%12.4%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-9.2%-6.3%-4.7%-20.2%
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.

Peers: Medical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Medtronic plc MDT$112.3 billion21.6110.4%18.1%9.8%0.513.2%
Baxter International Inc. BAX$12.4 billionn/a-17.1%-2.4%5.4%1.522.2%
Smith & Nephew plc SNN *$11.8 billion18.8311.8%12.9%6.1%0.592.8%
Cooper Companies, Inc. COO$10.3 billion18.536.8%12.8%4.7%0.310.0%
Align Technology Inc. ALGN$10.0 billion24.539.8%13.2%4.4%0.00n/a
Globus Medical Inc. GMED$9.8 billion18.7511.2%20.3%19.7%0.00n/a
Insulet Corp. PODD$9.3 billion25.1326.4%16.9%29.4%0.65n/a
MSA Safety Inc. MSA$6.9 billion22.1522.4%21.2%6.5%0.431.2%
Haemonetics Corp. HAE$5.4 billion58.5611.5%11.9%0.4%1.42n/a
LivaNova plc LIVN$4.2 billion22.4614.2%12.7%12.4%0.22n/a
Envista Holdings Corp. NVST$3.6 billion39.173.1%9.6%11.9%0.47n/a
Dentsply Sirona Inc. XRAY$1.7 billionn/a-40.4%-8.5%-0.8%1.487.4%
All 27 in Medical Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$147.0 billion47.5817.3%31.3%20.7%0.00n/a
Medtronic plc MDT$112.3 billion21.6110.4%18.1%9.8%0.513.2%
Stryker Corp. SYK$106.2 billion28.7015.5%21.4%8.5%0.621.3%
3M Co. MMM$84.4 billion29.06101.5%18.4%2.3%3.691.8%
Boston Scientific Corp. BSX$60.9 billion17.0214.7%19.8%13.5%0.44n/a
Becton Dickinson & Co. BDX$49.8 billion55.053.9%9.6%-2.6%0.552.3%
Edwards Lifesciences Corp. EW$48.6 billion48.419.5%22.3%14.6%0.06n/a
Resmed Inc. RMD$32.7 billion21.7423.1%33.4%9.9%0.101.1%
Dexcom Inc. DXCM$31.9 billion33.3638.1%22.9%15.5%0.47n/a
GE HealthCare Technologies Inc. GEHC$29.2 billion14.7318.1%12.9%6.5%0.920.2%
West Pharmaceutical Services Inc. WST$25.6 billion46.5118.9%20.5%12.4%0.070.2%
Koninklijke Philips N.V. PHG *$23.4 billion23.218.2%8.0%-1.0%0.741.6%
Steris plc STE$20.5 billion25.7711.2%18.9%8.4%0.261.2%
Zimmer Biomet Holdings, Inc. ZBH$17.0 billion21.576.4%14.2%8.6%0.501.1%
Solventum Corp. SOLV$14.6 billion10.5029.9%25.0%-0.9%1.06n/a
Penumbra Inc. PEN$12.5 billion78.0110.5%12.4%17.6%0.00n/a
Baxter International Inc. BAX$12.4 billionn/a-17.1%-2.4%5.4%1.522.2%
Smith & Nephew plc SNN *$11.8 billion18.8311.8%12.9%6.1%0.592.8%
Cooper Companies, Inc. COO$10.3 billion18.536.8%12.8%4.7%0.310.0%
Align Technology Inc. ALGN$10.0 billion24.539.8%13.2%4.4%0.00n/a
Globus Medical Inc. GMED$9.8 billion18.7511.2%20.3%19.7%0.00n/a
Insulet Corp. PODD$9.3 billion25.1326.4%16.9%29.4%0.65n/a
MSA Safety Inc. MSA$6.9 billion22.1522.4%21.2%6.5%0.431.2%
Haemonetics Corp. HAE$5.4 billion58.5611.5%11.9%0.4%1.42n/a
LivaNova plc LIVN$4.2 billion22.4614.2%12.7%12.4%0.22n/a
Envista Holdings Corp. NVST$3.6 billion39.173.1%9.6%11.9%0.47n/a
Dentsply Sirona Inc. XRAY$1.7 billionn/a-40.4%-8.5%-0.8%1.487.4%
1 company shares 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 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20243 May 2024EDGAR

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