greeksoup/ stock research

Lantheus Holdings (LNTH) FY2024 results: revenue $1.5 billion, up 18.3% on the year

Lantheus Holdings, Inc. (LNTH) reported revenue of $1.5 billion for fiscal 2024, the year ended 31 December 2024, up 18.3% on the year before. Net income was $312 million, down 4.4%, and diluted earnings per share $4.36. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.

Revenue
$1.5 billion
+18.3% on the year
FY2017FY2024
Operating margin
29.8%
28.1% a year earlier
FY2017FY2024
Net income
$312 million
-4.4% on the year
FY2017FY2024
Diluted EPS
$4.36
-6.2% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue1,5341,296935+18.3%
Cost of revenue546587353-7.0%
Gross profit988710582+39.3%
Gross margin64.4%54.7%62.2%
Research and development16877.7312+116.3%
Operating income45736536.2+25.3%
Operating margin29.8%28.1%3.9%
Interest expense19.720.07.2-1.7%
Pre-tax income43141126.7+4.9%
Income tax11984.3-1.3+40.6%
Effective tax rate27.5%20.5%-5.0%
Net income31232728.1-4.4%
Net margin20.4%25.2%3.0%
Diluted EPS$4.36$4.65$0.40-6.2%
$ million except per share.
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.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow545305282+78.5%
Capital expenditure51.645.3260+13.8%
Free cash flow49326021.8+89.7%
Free cash flow margin32.1%20.0%2.3%
Cash from investing-2265.9-277
Cash from financing-119-13.1312
Depreciation and amortisation64.660.047.9+7.6%
Share-based compensation76.450.529.3+51.3%
Buybacks1000.075.0
Diluted shares, weighted72m70m71m+2.0%
Shares outstanding at period end71m70m69m+1.5%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity1,088816447+33.4%
Debt565562558+0.6%
Operating lease liabilities53.254.525.4-2.3%
Finance lease liabilities0.70.60.2+7.4%
Other liabilities273219290+25.0%
Total liabilities and equity1,9801,6511,321+19.9%
Fixed assets177147122+20.5%
Goodwill61.261.261.20.0%
Intangible assets162152315+6.4%
Cash and equivalents913714416+27.9%
Receivables321284213+13.0%
Inventory68.064.035.5+6.2%
Other assets278229158+21.5%
Total assets1,9801,6511,321+19.9%

10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.