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Stock research / United States / LMAT · Surgical & Medical Instruments & Apparatus · Nasdaq

Lemaitre Vascular Inc. (LMAT)

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Lemaitre Vascular Inc. (LMAT) reported revenue of $70 million for Q2 FY2026, the quarter ended 30 June 2026, up 9.6% on the same quarter a year earlier. Net income was $17 million, up 23.7% on the year, and diluted earnings per share $0.74. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$70 millionup 9.6%
Net income$17 millionup 23.7%
Diluted EPS$0.74
QuarterQ2 FY2026ended 30 June 2026

Lemaitre Vascular (LMAT) in brief

Lemaitre Vascular (LMAT) reported revenue of $250 million for fiscal 2025, the year ended 31 December 2025, up 13.5% on the year before.
Read moreNet income was $58 million and diluted earnings per share $2.52. Revenue was $220 million in fiscal 2024, $193 million in fiscal 2023, $162 million in fiscal 2022 and $154 million in fiscal 2021. Net income in the same years was $44 million, $30 million, $21 million and $27 million. Over the twelve months to 30 June 2026, Lemaitre Vascular reported revenue of $262 million and net income of $66 million. Revenue grew 14.0% a year, compounded, over the five years to fiscal 2025. Lemaitre Vascular declared $0.80 a share in dividends over the last four quarters and had 23 million shares outstanding at the latest filed count. At 30 June 2026 it carried $169 million of debt and $27 million of cash. At the close of 9 October 2026 the market cap of Lemaitre Vascular was $1.8 billion, 28.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE15.6%
ROCE13.1%
Operating margin29.5%
Net margin25.0%
FCF margin28.1%
Interest cover14.88
Debt to equity0.40
Cash conversion1.26
Share count, 1 year1.0%
Sales CAGR, 3 years15.6%
Profit CAGR, 3 years40.9%
EPS, TTM$2.85

At the close of 9 October 2026

Price$80.67
Market cap$1.8 billion
Stock P/E28.31
Price to book4.39
EV / EBITDA22.63
Dividend yield1.0%
Market cap / sales7.03
52-week high$117.39
52-week low$78.80
Price, 1 year-7.6%
Price CAGR, 3 years11.6%
Price CAGR, 5 years8.6%
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 borrowings Lemaitre Vascular Inc. reports under its own heading, which is the only one it files; lease liabilities are separate lines. Nothing here is a valuation or a view.
LMATgreeksoup.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 LMAT

Filings15 in twelve months: 7 current reports (8-K), about 4 results of operations; 2 shareholder vote; 1 officer or director change; 1 other events
Planned insider sales11 Form 144 notices in twelve months, $40.9 million; latest 29 July 2026
Options tapeput/call 0.38 by open interest at the 9 October 2026 close; the straddle prices a 3.2% move to 16 October 2026
13F holders6 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading11 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.7 million shares short, 6.87 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 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue47.448.953.555.854.855.759.964.261.064.566.670.4
Cost of revenue16.615.616.817.417.617.118.519.315.118.318.219.6
Gross profit30.833.336.738.537.238.641.445.046.046.248.450.8
Gross margin65%68%69%69%68%69%69%70%75%72%73%72%
R&D4.24.44.14.33.73.64.13.53.03.54.14.8
Operating income9.210.211.914.413.112.912.616.120.318.817.820.4
Operating margin19%21%22%26%24%23%21%25%33%29%27%29%
Interest expensen/an/a0.00.00.00.21.31.31.31.31.31.3
Pre-tax income9.811.312.815.514.614.014.218.122.620.319.722.2
Tax rate24%25%23%24%23%20%23%24%23%23%20%23%
Net income7.58.59.911.811.111.211.013.817.415.615.717.1
Net margin16%17%18%21%20%20%18%21%28%24%24%24%
Diluted EPS$0.33$0.38$0.44$0.52$0.49$0.49$0.48$0.60$0.75$0.68$0.68$0.74
Operating cash flow11.810.75.19.614.215.29.020.328.823.215.116.0
Capital expenditure1.11.31.41.91.72.01.41.32.31.82.82.3
Free cash flow10.89.53.77.712.613.17.718.926.521.412.313.7
Buybacks0.00.70.40.00.01.40.60.00.01.20.50.0
Dividends paid3.13.13.63.63.63.64.54.54.54.55.75.7
Shares outstanding22m22m22m22m22m23m23m23m23m23m23m23m
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

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Revenue71.178.489.2101106117129154162193220250262
Cost of revenue22.724.226.230.231.637.444.753.056.866.469.071.171.1
Gross profit48.454.262.970.773.979.984.6101105127151179191
Gross margin68.1%69.1%70.6%70.1%70.0%68.1%65.4%65.7%64.9%65.7%68.6%71.5%72.9%
Research and development4.75.56.16.68.29.310.111.813.317.015.714.115.4
Operating income6.311.516.321.128.221.228.836.426.836.752.367.977.3
Operating margin8.9%14.7%18.3%20.9%26.7%18.1%22.3%23.6%16.6%19.0%23.8%27.2%29.5%
Interest expense0.0n/a0.00.00.00.01.32.20.00.00.25.25.2
Pre-tax income6.311.416.221.128.421.727.434.327.539.556.975.284.7
Income tax2.43.75.73.95.53.76.17.46.99.412.817.419.1
Effective tax rate38.1%32.1%34.8%18.6%19.3%17.3%22.4%21.5%24.9%23.7%22.6%23.2%22.5%
Net income3.97.810.617.222.917.921.226.920.630.144.057.765.7
Net margin5.5%9.9%11.9%17.0%21.7%15.3%16.4%17.4%12.8%15.6%20.0%23.1%25.0%
Diluted EPS$0.23$0.42$0.55$0.86$1.13$0.88$1.04$1.25$0.93$1.34$1.93$2.52$2.85
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 region

FY2023FY2024FY2025Share
latest year
Americas13014516064.0%
Europe, Middle East and Africa51.160.073.129.3%
Asia Pacific12.115.316.86.7%
AmericasEurope, Middle East and AfricaAsia Pacific
193FY2023220FY2024250FY2025

$ 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

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Operating cash flow5.511.416.922.919.514.234.835.125.436.844.181.383.0
Capital expenditure1.22.32.86.43.13.83.04.93.27.37.06.89.2
Free cash flow4.39.214.116.516.510.431.830.222.129.537.274.573.8
Free cash flow margin6.1%11.7%15.8%16.3%15.6%8.9%24.6%19.6%13.7%15.2%16.9%29.8%28.1%
Cash from investingn/an/a-17.2-29.0-7.1-24.1-52.9-61.1-10.4-24.7-200-64.9-68.5
Cash from financingn/an/a-2.60.1-4.4-4.632.213.7-9.2-7.1158-14.5-14.8
Depreciation and amortisation3.33.43.64.14.35.48.411.19.49.59.610.410.5
Share-based compensation1.31.41.72.32.32.63.03.54.25.36.67.87.9
Buybacks0.20.30.30.80.70.70.60.80.60.91.71.81.7
Dividends paid2.32.83.34.25.46.77.79.311.012.414.418.120.5
Dividend per share$0.14$0.16$0.18$0.22$0.28$0.34$0.38$0.44$0.50$0.56$0.64$0.80n/a
Diluted shares, weighted17m18m19m20m20m20m20m21m22m22m23m23m25m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/a23m23m23m
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

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity68.277.987.5110130148173254268298337394420
Debtn/an/an/an/an/an/an/an/a0.00.0168169169
Operating lease liabilitiesn/an/an/an/an/a14.014.814.114.716.615.214.017.7
Other liabilities13.312.814.416.622.926.265.424.627.632.331.539.533.4
Total liabilities and equity81.590.7102126153188253293310347552616641
Owned
Fixed assets6.97.08.012.414.114.915.017.117.921.824.827.029.6
Goodwill17.317.823.423.829.940.065.965.965.965.965.965.965.9
Intangible assets7.26.39.98.213.724.958.952.746.541.735.833.130.5
Investmentsn/an/an/a22.621.720.90.256.163.680.8274331350
Cash and equivalents18.727.524.319.126.311.826.813.919.124.325.628.226.6
Receivables10.812.013.215.015.716.619.619.622.025.130.133.635.7
Inventory16.715.219.6n/an/an/an/an/an/an/an/an/an/a
Other assets4.04.93.525.231.759.466.467.575.487.295.596.9103
Total assets81.590.7102126153188253293310347552616641
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, compounded12.3%14.0%15.6%11.8%
Profit growth, compounded22.2%22.2%40.9%39.4%
Return on equity, average12.6%11.2%12.6%14.7%
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 Lemaitre Vascular's revenue in fiscal 2025?

Lemaitre Vascular (LMAT) reported revenue of $250 million for fiscal 2025, the year ended 31 December 2025, up 13.5% on the year before.

How much did Lemaitre Vascular earn in fiscal 2025?

Net income was $58 million for fiscal 2025, and diluted earnings per share $2.52.

What is Lemaitre Vascular's P/E ratio?

At the close of 9 October 2026, Lemaitre Vascular traded at 28.3 times its earnings over the twelve months to 30 June 2026.

What is Lemaitre Vascular's market cap?

The market cap of Lemaitre Vascular was $1.8 billion at the close of 9 October 2026.

Does Lemaitre Vascular pay a dividend?

Yes. Lemaitre Vascular declared $0.80 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
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 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 202410 May 2024EDGAR

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