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Surmodics (SRDX) Financials

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$28.70 -0.46 (-1.58%)
Closing price 05/23/2025 04:00 PM Eastern
Extended Trading
$28.74 +0.04 (+0.12%)
As of 05/23/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Surmodics

Annual Income Statements for Surmodics

This table shows Surmodics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021
Net Income / (Loss) Attributable to Common Shareholders
-12 -1.54 -27 4.24
Consolidated Net Income / (Loss)
-12 -1.54 -27 4.24
Net Income / (Loss) Continuing Operations
-12 -1.54 -27 4.24
Total Pre-Tax Income
-7.51 2.49 -22 6.35
Total Operating Income
-5.65 5.15 -22 6.70
Total Gross Profit
93 108 80 88
Total Revenue
126 133 100 105
Operating Revenue
126 133 100 105
Total Cost of Revenue
33 25 20 17
Operating Cost of Revenue
33 25 20 17
Total Operating Expenses
99 102 102 81
Selling, General & Admin Expense
57 52 47 31
Research & Development Expense
38 47 51 47
Amortization Expense
3.50 3.54 4.15 2.79
Other Operating Expenses / (Income)
0.00 -0.83 0.01 0.00
Restructuring Charge
0.00 1.28 0.00 1.05
Total Other Income / (Expense), net
-1.86 -2.66 -0.40 -0.36
Interest Expense
3.54 3.49 0.60 0.31
Interest & Investment Income
1.92 1.08 0.10 0.12
Other Income / (Expense), net
-0.24 -0.25 0.10 -0.17
Income Tax Expense
4.04 4.02 4.78 2.11
Basic Earnings per Share
($0.82) ($0.11) ($1.96) $0.31
Weighted Average Basic Shares Outstanding
14.15M 14.03M 13.92M 13.77M
Diluted Earnings per Share
($0.82) ($0.11) ($1.96) $0.30
Weighted Average Diluted Shares Outstanding
14.15M 14.03M 13.92M 13.99M
Weighted Average Basic & Diluted Shares Outstanding
14.33M 14.16M 14.04M 13.91M

Quarterly Income Statements for Surmodics

This table shows Surmodics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-5.21 -3.65 -7.55 0.25 -0.79 6.69 7.35 -7.73 -7.84 -15 -5.65
Consolidated Net Income / (Loss)
-5.21 -3.65 -7.55 0.25 -0.79 6.69 7.35 -7.73 -7.84 -15 -5.65
Net Income / (Loss) Continuing Operations
-5.21 -3.65 -7.55 0.25 -0.79 6.69 7.35 -7.73 -7.84 -15 -5.65
Total Pre-Tax Income
-4.68 -2.94 -5.81 0.17 -0.72 -2.79 21 -7.37 -8.01 -6.79 -7.18
Total Operating Income
-4.01 -2.48 -5.37 0.66 -0.32 -2.45 21 -6.58 -7.23 -6.61 -7.14
Total Gross Profit
20 22 22 25 22 21 46 21 20 20 20
Total Revenue
28 30 30 32 31 28 52 27 25 26 25
Operating Revenue
28 30 30 32 31 28 52 27 25 26 25
Total Cost of Revenue
7.83 7.43 8.45 7.10 8.80 7.04 6.92 5.74 5.27 5.60 5.14
Operating Cost of Revenue
7.83 7.43 8.45 7.10 8.80 7.04 6.92 5.74 5.27 5.60 5.14
Total Operating Expenses
24 25 27 24 22 23 24 28 27 27 27
Selling, General & Admin Expense
15 15 17 13 13 13 13 13 13 14 13
Research & Development Expense
8.37 8.94 9.77 10 8.66 9.70 11 13 13 12 13
Amortization Expense
0.85 0.86 0.87 0.88 0.87 0.88 0.88 0.87 0.91 0.97 1.02
Total Other Income / (Expense), net
-0.67 -0.46 -0.44 -0.49 -0.40 -0.34 -0.76 -0.78 -0.78 -0.18 -0.04
Interest Expense
0.86 0.88 0.88 0.88 0.90 0.90 0.88 0.88 0.83 0.19 0.15
Interest & Investment Income
0.25 0.39 0.49 0.46 0.54 0.55 0.18 0.18 0.17 0.03 0.02
Other Income / (Expense), net
-0.07 0.03 -0.05 -0.07 -0.05 0.01 -0.06 -0.08 -0.13 -0.02 0.09
Income Tax Expense
0.53 0.71 1.74 -0.08 0.06 -9.48 13 0.37 -0.17 7.94 -1.53
Basic Earnings per Share
($0.36) ($0.26) ($0.53) $0.02 ($0.06) $0.48 $0.52 ($0.55) ($0.56) ($1.06) ($0.41)
Weighted Average Basic Shares Outstanding
14.28M 14.23M 14.17M 14.15M 14.10M 14.03M 14.05M 14.03M 13.98M 13.92M 13.93M
Diluted Earnings per Share
($0.36) ($0.26) ($0.53) $0.02 ($0.06) $0.48 $0.52 ($0.55) ($0.56) ($1.06) ($0.41)
Weighted Average Diluted Shares Outstanding
14.28M 14.23M 14.17M 14.18M 14.10M 14.03M 14.07M 14.03M 13.98M 13.92M 13.93M
Weighted Average Basic & Diluted Shares Outstanding
14.30M 14.30M 14.27M 14.26M - 14.16M 14.13M 14.13M 14.13M 14.04M 14.01M

Annual Cash Flow Statements for Surmodics

This table details how cash moves in and out of Surmodics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021
Net Change in Cash & Equivalents
-5.30 22 -12 0.37
Net Cash From Operating Activities
0.25 11 -17 15
Net Cash From Continuing Operating Activities
0.25 11 -17 15
Net Income / (Loss) Continuing Operations
-12 -1.54 -27 4.24
Consolidated Net Income / (Loss)
-12 -1.54 -27 4.24
Depreciation Expense
8.69 8.52 9.14 8.02
Amortization Expense
0.30 0.37 0.05 0.05
Non-Cash Adjustments To Reconcile Net Income
3.24 7.43 6.34 3.81
Changes in Operating Assets and Liabilities, net
-0.44 -4.27 -5.47 -0.72
Net Cash From Investing Activities
-2.94 -6.82 6.23 -25
Net Cash From Continuing Investing Activities
-2.94 -6.82 6.23 -25
Purchase of Property, Plant & Equipment
-3.49 -2.92 -3.37 -5.28
Acquisitions
0.00 0.00 0.00 -41
Purchase of Investments
-25 -3.90 0.00 -23
Sale and/or Maturity of Investments
26 0.00 9.60 43
Net Cash From Financing Activities
-2.95 18 -0.38 10
Net Cash From Continuing Financing Activities
-2.95 18 -0.38 10
Repayment of Debt
0.00 -11 0.00 0.00
Issuance of Debt
0.00 30 0.00 10
Issuance of Common Equity
1.22 1.25 1.25 3.13
Other Financing Activities, net
-4.17 -1.90 -1.62 -2.90
Effect of Exchange Rate Changes
0.34 0.32 -0.79 -
Cash Interest Paid
3.05 2.92 0.42 0.07
Cash Income Taxes Paid
2.57 2.85 0.42 0.16

Quarterly Cash Flow Statements for Surmodics

This table details how cash moves in and out of Surmodics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022
Net Change in Cash & Equivalents
-0.96 -5.97 12 -8.73 -18 -3.16 25 -7.25 7.43 -1.08 -4.64
Net Cash From Operating Activities
0.95 -7.89 3.66 -2.03 -8.79 1.25 26 -5.83 -11 -2.50 -3.50
Net Cash From Continuing Operating Activities
0.95 -7.89 3.66 -2.03 -8.79 1.25 26 -5.83 -11 -2.50 -3.50
Net Income / (Loss) Continuing Operations
-5.21 -3.65 -3.45 -7.55 -0.79 6.69 7.35 -7.73 -7.84 -15 -5.65
Consolidated Net Income / (Loss)
-5.21 -3.65 -3.45 -7.55 -0.79 6.69 7.35 -7.73 -7.84 -15 -5.65
Depreciation Expense
2.14 2.08 2.14 2.13 2.33 2.16 2.15 2.09 2.12 2.24 2.21
Amortization Expense
0.08 0.08 0.08 0.08 0.08 0.09 0.09 0.10 0.08 0.01 0.01
Non-Cash Adjustments To Reconcile Net Income
3.12 2.47 2.46 0.86 -1.40 2.82 2.66 -0.86 2.81 1.39 3.25
Changes in Operating Assets and Liabilities, net
0.82 -8.87 2.43 2.45 -9.02 -11 14 0.57 -7.97 8.58 -3.31
Net Cash From Investing Activities
-2.28 3.70 9.46 -6.72 -8.47 -4.65 -0.47 -0.72 -0.98 1.43 -0.86
Net Cash From Continuing Investing Activities
-2.28 3.70 9.46 -6.72 -8.47 -4.65 -0.47 -0.72 -0.98 1.43 -0.86
Purchase of Property, Plant & Equipment
-0.32 -0.30 -0.54 -0.96 -0.72 -0.75 -0.47 -0.72 -0.98 -0.57 -0.86
Purchase of Investments
-1.96 0.00 - -12 -9.75 -3.90 - - - - -
Net Cash From Financing Activities
0.05 -1.20 -1.56 0.07 -1.05 0.42 -0.02 -0.79 19 0.30 -0.01
Net Cash From Continuing Financing Activities
0.05 -1.20 -1.56 0.07 -1.05 0.42 -0.02 -0.79 19 0.30 -0.01
Issuance of Common Equity
0.06 0.11 0.55 0.09 0.04 0.45 - 0.46 0.35 0.48 0.02
Other Financing Activities, net
-0.02 -1.31 -2.12 -0.03 -1.09 -0.03 -0.02 -0.99 -0.86 -0.19 -0.04
Effect of Exchange Rate Changes
0.32 -0.57 - - 0.25 - - 0.09 0.41 -0.30 -0.27
Cash Interest Paid
0.69 0.79 0.76 0.77 0.78 0.76 0.76 0.73 0.66 0.16 0.09
Cash Income Taxes Paid
2.33 0.00 0.89 1.34 0.00 2.60 0.24 0.01 0.01 0.02 0.00

Annual Balance Sheets for Surmodics

This table presents Surmodics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021
Total Assets
179 186 158 195
Total Current Assets
81 87 58 70
Cash & Equivalents
36 41 19 31
Short-Term Investments
4.00 3.93 0.00 7.72
Accounts Receivable
13 11 10 9.17
Inventories, net
15 15 12 6.76
Prepaid Expenses
2.86 7.36 6.76 6.45
Other Current Assets
9.87 7.80 7.12 7.09
Plant, Property, & Equipment, net
25 26 27 30
Total Noncurrent Assets
72 73 74 94
Goodwill
45 43 41 46
Intangible Assets
24 26 28 37
Other Noncurrent Operating Assets
4.09 3.86 4.77 3.72
Total Liabilities & Shareholders' Equity
179 186 158 195
Total Liabilities
60 66 50 55
Total Current Liabilities
21 24 32 30
Short-Term Debt
0.00 - 10 10
Accounts Payable
2.79 2.99 3.14 1.78
Accrued Expenses
3.80 6.44 5.85 4.91
Current Deferred Revenue
1.62 4.38 4.16 4.65
Current Deferred & Payable Income Tax Liabilities
1.24 0.00 - -
Current Employee Benefit Liabilities
11 10 8.93 8.48
Total Noncurrent Liabilities
39 42 18 25
Long-Term Debt
30 29 0.00 -
Noncurrent Deferred & Payable Income Tax Liabilities
1.79 2.00 2.03 2.74
Other Noncurrent Operating Liabilities
7.78 8.06 11 12
Commitments & Contingencies
0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
119 120 108 140
Total Preferred & Common Equity
119 120 108 140
Preferred Stock
0.00 0.00 0.00 0.00
Total Common Equity
119 120 108 140
Common Stock
45 37 29 22
Retained Earnings
76 87 89 116
Accumulated Other Comprehensive Income / (Loss)
-2.13 -4.76 -9.87 1.73

Quarterly Balance Sheets for Surmodics

This table presents Surmodics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 12/31/2024 6/30/2024 3/31/2024 6/30/2023 3/31/2023 12/31/2022 6/30/2022
Total Assets
163 164 177 183 189 166 170 176
Total Current Assets
72 72 80 84 86 61 64 60
Cash & Equivalents
29 30 24 33 45 19 26 20
Short-Term Investments
1.97 0.00 14 7.91 - - - 2.01
Accounts Receivable
12 13 13 12 12 12 10 9.38
Inventories, net
16 15 15 15 15 14 13 11
Prepaid Expenses
3.25 4.01 3.37 4.20 7.23 8.31 8.07 7.65
Other Current Assets
9.70 9.88 10 11 7.68 7.87 7.05 7.58
Plant, Property, & Equipment, net
23 24 25 26 27 28 28 28
Total Noncurrent Assets
68 68 72 73 76 77 78 87
Goodwill
44 42 43 44 44 44 43 43
Intangible Assets
21 21 24 25 28 29 29 31
Other Noncurrent Operating Assets
3.44 4.41 4.68 4.46 4.84 4.76 5.01 5.51
Total Liabilities & Shareholders' Equity
163 164 177 183 189 166 170 176
Total Liabilities
53 52 59 59 76 64 62 51
Total Current Liabilities
14 13 20 19 32 19 17 29
Accounts Payable
3.39 2.56 3.19 3.19 2.48 3.79 2.04 1.93
Accrued Expenses
3.97 3.58 5.43 5.02 5.45 6.46 7.05 5.86
Current Deferred Revenue
0.34 0.27 3.68 4.75 4.33 3.35 3.77 4.01
Current Deferred & Payable Income Tax Liabilities
0.00 1.89 0.04 0.00 12 - - -
Current Employee Benefit Liabilities
6.26 4.88 7.86 6.25 7.83 5.53 4.41 7.60
Total Noncurrent Liabilities
39 39 39 40 44 44 45 21
Long-Term Debt
30 30 30 29 29 29 29 -
Noncurrent Deferred & Payable Income Tax Liabilities
1.61 1.60 1.77 1.86 2.06 2.03 2.10 2.23
Other Noncurrent Operating Liabilities
7.78 7.60 7.79 8.32 9.54 9.74 9.52 12
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
110 112 118 124 112 103 107 125
Total Preferred & Common Equity
110 112 118 124 112 103 107 125
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
110 112 118 124 112 103 107 125
Common Stock
47 46 43 41 35 33 31 27
Retained Earnings
67 72 79 87 81 73 81 104
Accumulated Other Comprehensive Income / (Loss)
-3.87 -6.14 -4.11 -3.75 -3.20 -3.81 -4.62 -5.72

Annual Metrics And Ratios for Surmodics

This table displays calculated financial ratios and metrics derived from Surmodics' official financial filings.

Metric 2024 2023 2022
Period end date 9/30/2024 9/30/2023 9/30/2022
Growth Metrics
- - -
Revenue Growth
-4.91% 32.65% -4.93%
EBITDA Growth
-77.45% 207.65% -187.74%
EBIT Growth
-220.19% 122.27% -436.66%
NOPAT Growth
-24.23% 79.44% -445.62%
Net Income Growth
-651.43% 94.37% -743.71%
EPS Growth
-645.45% 94.39% -753.33%
Operating Cash Flow Growth
-97.64% 161.05% -211.92%
Free Cash Flow Firm Growth
-7.46% -37.19% 83.76%
Invested Capital Growth
4.21% 4.60% -8.99%
Revenue Q/Q Growth
0.00% 1.52% 2.06%
EBITDA Q/Q Growth
0.00% 43.60% -92.40%
EBIT Q/Q Growth
0.00% 590.97% -39.01%
NOPAT Q/Q Growth
0.00% -560.37% -38.34%
Net Income Q/Q Growth
0.00% 93.31% -112.50%
EPS Q/Q Growth
0.00% 93.33% -113.04%
Operating Cash Flow Q/Q Growth
111.48% 55.44% -24.50%
Free Cash Flow Firm Q/Q Growth
0.00% -146.88% 89.79%
Invested Capital Q/Q Growth
0.00% 6.97% -12.06%
Profitability Metrics
- - -
Gross Margin
73.81% 81.17% 79.65%
EBITDA Margin
2.47% 10.40% -12.81%
Operating Margin
-4.48% 3.88% -22.11%
EBIT Margin
-4.67% 3.70% -22.00%
Profit (Net Income) Margin
-9.15% -1.16% -27.29%
Tax Burden Percent
153.77% -61.76% 121.26%
Interest Burden Percent
127.48% 50.77% 102.27%
Effective Tax Rate
0.00% 161.76% 0.00%
Return on Invested Capital (ROIC)
-3.72% -3.13% -14.83%
ROIC Less NNEP Spread (ROIC-NNEP)
53.55% -16.31% 44.39%
Return on Net Nonoperating Assets (RNNOA)
-5.94% 1.78% -7.12%
Return on Equity (ROE)
-9.67% -1.35% -21.95%
Cash Return on Invested Capital (CROIC)
-7.85% -7.62% -5.42%
Operating Return on Assets (OROA)
-3.23% 2.85% -12.46%
Return on Assets (ROA)
-6.34% -0.89% -15.45%
Return on Common Equity (ROCE)
-9.67% -1.35% -21.95%
Return on Equity Simple (ROE_SIMPLE)
-9.71% -1.28% -25.16%
Net Operating Profit after Tax (NOPAT)
-3.95 -3.18 -15
NOPAT Margin
-3.13% -2.40% -15.48%
Net Nonoperating Expense Percent (NNEP)
-57.28% 13.19% -59.22%
Cost of Revenue to Revenue
26.19% 18.83% 20.35%
SG&A Expenses to Revenue
45.08% 39.13% 46.96%
R&D to Revenue
30.43% 35.14% 50.63%
Operating Expenses to Revenue
78.28% 77.29% 101.76%
Earnings before Interest and Taxes (EBIT)
-5.89 4.90 -22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
3.11 14 -13
Valuation Ratios
- - -
Price to Book Value (P/BV)
4.65 3.78 3.93
Price to Tangible Book Value (P/TBV)
10.92 8.94 10.77
Price to Revenue (P/Rev)
4.39 3.42 4.26
Price to Earnings (P/E)
0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
5.01 4.21 4.19
Enterprise Value to Revenue (EV/Rev)
4.30 3.30 4.17
Enterprise Value to EBITDA (EV/EBITDA)
174.56 31.74 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 89.33 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
2,188.37 41.62 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
0.25 0.25 0.09
Long-Term Debt to Equity
0.25 0.25 0.00
Financial Leverage
-0.11 -0.11 -0.16
Leverage Ratio
1.53 1.51 1.42
Compound Leverage Factor
1.94 0.77 1.45
Debt to Total Capital
19.91% 19.69% 8.45%
Short-Term Debt to Total Capital
0.00% 0.00% 8.45%
Long-Term Debt to Total Capital
19.91% 19.69% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
80.09% 80.31% 91.55%
Debt to EBITDA
9.51 2.13 -0.78
Net Debt to EBITDA
-3.40 -1.16 0.70
Long-Term Debt to EBITDA
9.51 2.13 0.00
Debt to NOPAT
-7.48 -9.24 -0.65
Net Debt to NOPAT
2.67 5.01 0.58
Long-Term Debt to NOPAT
-7.48 -9.24 0.00
Altman Z-Score
7.16 6.00 6.26
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Current Ratio
3.96 3.62 1.80
Quick Ratio
2.60 2.35 0.92
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-8.33 -7.75 -5.65
Operating Cash Flow to CapEx
7.10% 360.32% -511.07%
Free Cash Flow to Firm to Interest Expense
-2.35 -2.22 -9.45
Operating Cash Flow to Interest Expense
0.07 3.01 -28.80
Operating Cash Flow Less CapEx to Interest Expense
-0.92 2.18 -34.44
Efficiency Ratios
- - -
Asset Turnover
0.69 0.77 0.57
Accounts Receivable Turnover
10.44 12.45 10.19
Inventory Turnover
2.20 1.87 2.19
Fixed Asset Turnover
4.95 4.99 3.49
Accounts Payable Turnover
11.43 8.15 8.27
Days Sales Outstanding (DSO)
34.95 29.32 35.83
Days Inventory Outstanding (DIO)
165.82 194.88 166.68
Days Payable Outstanding (DPO)
31.93 44.80 44.13
Cash Conversion Cycle (CCC)
168.83 179.39 158.38
Capital & Investment Metrics
- - -
Invested Capital
108 104 99
Invested Capital Turnover
1.19 1.30 0.96
Increase / (Decrease) in Invested Capital
4.38 4.57 -9.82
Enterprise Value (EV)
543 438 417
Market Capitalization
553 454 426
Book Value per Share
$8.33 $8.48 $7.74
Tangible Book Value per Share
$3.55 $3.59 $2.82
Total Capital
148 149 118
Total Debt
30 29 10
Total Long-Term Debt
30 29 0.00
Net Debt
-11 -16 -9.00
Capital Expenditures (CapEx)
3.49 2.92 3.37
Debt-free, Cash-free Net Working Capital (DFCFNWC)
21 17 17
Debt-free Net Working Capital (DFNWC)
61 63 36
Net Working Capital (NWC)
61 63 26
Net Nonoperating Expense (NNE)
7.59 -1.64 12
Net Nonoperating Obligations (NNO)
-11 -16 -9.00
Total Depreciation and Amortization (D&A)
9.00 8.89 9.19
Debt-free, Cash-free Net Working Capital to Revenue
16.38% 13.11% 16.52%
Debt-free Net Working Capital to Revenue
48.19% 47.32% 35.53%
Net Working Capital to Revenue
48.19% 47.32% 25.52%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
($0.82) ($0.11) ($1.96)
Adjusted Weighted Average Basic Shares Outstanding
14.15M 14.03M 13.92M
Adjusted Diluted Earnings per Share
($0.82) ($0.11) ($1.96)
Adjusted Weighted Average Diluted Shares Outstanding
14.15M 14.03M 13.92M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
14.33M 14.16M 14.04M
Normalized Net Operating Profit after Tax (NOPAT)
-3.95 4.50 -15
Normalized NOPAT Margin
-3.13% 3.40% -15.48%
Pre Tax Income Margin
-5.95% 1.88% -22.50%
Debt Service Ratios
- - -
EBIT to Interest Expense
-1.66 1.40 -36.78
NOPAT to Interest Expense
-1.12 -0.91 -25.87
EBIT Less CapEx to Interest Expense
-2.65 0.57 -42.41
NOPAT Less CapEx to Interest Expense
-2.10 -1.75 -31.50
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Surmodics

This table displays calculated financial ratios and metrics derived from Surmodics' official financial filings.

Metric Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-12.12% -2.06% -42.19% 17.50% 22.54% 7.63% 111.17% 4.18% 8.39% 8.41% 4.11%
EBITDA Growth
-167.83% -114.20% -113.61% 132.79% 139.62% 95.61% 587.38% -73.89% -404.80% -347.07% -769.12%
EBIT Growth
-795.06% -567.30% -125.39% 108.82% 95.01% 63.20% 402.51% -35.93% -115.79% -1,347.60% -184.83%
NOPAT Growth
-386.26% -670.50% -149.34% 121.28% 95.55% 62.95% 252.35% -34.35% -110.08% -1,252.35% -199.62%
Net Income Growth
-2,208.91% -364.50% -202.83% 103.19% 89.98% 145.45% 229.99% -89.40% -178.91% -4,996.19% -71.92%
EPS Growth
-1,900.00% -333.33% -201.92% 103.64% 89.29% 145.28% 226.83% -89.66% -180.00% -5,200.00% -70.83%
Operating Cash Flow Growth
-87.20% 10.21% -107.85% 0.00% 18.61% 150.00% 840.38% -38.69% -53.74% -381.21% -226.93%
Free Cash Flow Firm Growth
-17.88% -202.59% -168.46% 257.41% 1,355.45% -221.08% 147.71% 98.45% 116.51% 113.11% -9,468.33%
Invested Capital Growth
-3.35% 0.00% 12.66% -0.17% 0.00% 4.60% -14.01% -3.32% -10.27% -8.99% 64.13%
Revenue Q/Q Growth
-6.14% 0.00% -5.06% 0.00% 9.23% -46.71% 92.97% 9.08% -4.06% 4.56% -4.80%
EBITDA Q/Q Growth
-543.45% 0.00% -319.48% 0.00% 1,163.54% -100.81% 628.78% 13.43% -17.73% 9.56% -88.66%
EBIT Q/Q Growth
-66.60% 0.00% -1,023.34% 0.00% 84.96% -111.43% 420.68% 9.46% -10.92% 6.06% -44.10%
NOPAT Q/Q Growth
-61.63% 0.00% -483.28% 0.00% 86.86% -122.51% 265.31% 8.94% -9.32% 7.42% -45.78%
Net Income Q/Q Growth
-42.67% 0.00% -3,158.30% 0.00% -111.74% -8.88% 195.00% 1.40% 46.75% -160.63% -38.40%
EPS Q/Q Growth
-38.46% 0.00% -2,750.00% 0.00% -112.50% -7.69% 194.55% 1.79% 47.17% -158.54% -41.38%
Operating Cash Flow Q/Q Growth
112.02% -315.80% 0.00% 0.00% -803.36% -95.17% 544.48% 46.07% -332.08% 28.51% 16.74%
Free Cash Flow Firm Q/Q Growth
100.85% 0.00% -1,476.55% 0.00% 1,852.08% -126.79% 3,265.22% -109.80% 45.76% 110.56% -2.60%
Invested Capital Q/Q Growth
-2.24% 0.00% -2.67% 0.00% -100.00% 6.97% -13.75% 2.13% 11.00% -12.06% -3.02%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
72.12% 75.19% 72.16% 77.78% 71.19% 74.83% 86.81% 78.90% 78.88% 78.46% 79.32%
EBITDA Margin
-6.64% -0.97% -10.58% 4.58% 6.68% -0.69% 44.96% -16.41% -20.67% -16.85% -19.48%
Operating Margin
-14.28% -8.29% -17.70% 2.06% -1.05% -8.76% 40.80% -24.20% -28.99% -25.45% -28.74%
EBIT Margin
-14.53% -8.18% -17.86% 1.84% -1.20% -8.72% 40.68% -24.48% -29.50% -25.51% -28.40%
Profit (Net Income) Margin
-18.55% -12.20% -24.90% 0.77% -2.57% 23.93% 14.00% -28.43% -31.46% -56.67% -22.74%
Tax Burden Percent
111.26% 124.01% 129.99% 148.80% 108.56% -240.01% 35.58% 105.00% 97.94% 216.84% 78.69%
Interest Burden Percent
114.75% 120.21% 107.21% 28.28% 197.28% 114.30% 96.71% 110.62% 108.89% 102.44% 101.74%
Effective Tax Rate
0.00% 0.00% 0.00% -48.80% 0.00% 0.00% 64.42% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-10.99% -13.09% 0.00% 0.00% 0.00% -8.00% 18.03% -15.22% -17.73% -17.07% -21.66%
ROIC Less NNEP Spread (ROIC-NNEP)
26.03% 677.99% 0.00% 0.00% 0.00% -75.42% 20.02% 79.53% 34.51% 33.59% -20.12%
Return on Net Nonoperating Assets (RNNOA)
-1.44% -3.36% 0.00% 0.00% 0.00% 8.24% -2.30% -2.22% -1.51% -5.39% 6.36%
Return on Equity (ROE)
-12.43% -16.45% 0.00% 0.00% 0.00% 0.24% 15.73% -17.45% -19.23% -22.46% -15.31%
Cash Return on Invested Capital (CROIC)
-4.49% -209.82% 0.00% 0.00% 0.00% -7.62% 15.73% -13.46% -4.71% -5.42% -60.85%
Operating Return on Assets (OROA)
-10.21% -6.27% 0.00% 0.00% 0.00% -6.72% 29.15% -14.39% -16.95% -14.45% -15.76%
Return on Assets (ROA)
-13.03% -9.35% 0.00% 0.00% 0.00% 18.44% 10.03% -16.71% -18.07% -32.10% -12.62%
Return on Common Equity (ROCE)
-12.43% -16.45% 0.00% 0.00% 0.00% 0.24% 15.73% -17.45% -19.23% -22.46% -15.31%
Return on Equity Simple (ROE_SIMPLE)
-18.02% -12.89% 0.00% 0.00% 0.00% 0.00% -20.42% -35.06% -30.12% 0.00% -10.26%
Net Operating Profit after Tax (NOPAT)
-2.81 -1.74 -3.76 0.98 -0.23 -1.72 7.62 -4.61 -5.06 -4.63 -5.00
NOPAT Margin
-9.99% -5.80% -12.39% 3.07% -0.74% -6.13% 14.51% -16.94% -20.30% -17.81% -20.12%
Net Nonoperating Expense Percent (NNEP)
-37.01% -691.08% -31.78% -109.81% 0.00% 67.42% -1.99% -94.75% -52.23% -50.66% -1.55%
Return On Investment Capital (ROIC_SIMPLE)
-2.01% -1.23% - - - - - - - - -
Cost of Revenue to Revenue
27.88% 24.81% 27.84% 22.22% 28.81% 25.17% 13.19% 21.10% 21.12% 21.54% 20.68%
SG&A Expenses to Revenue
53.57% 50.71% 54.80% 40.97% 41.04% 45.79% 24.53% 47.68% 53.09% 53.01% 51.72%
R&D to Revenue
29.79% 29.88% 32.18% 32.01% 28.36% 34.67% 21.40% 47.52% 51.11% 47.17% 52.20%
Operating Expenses to Revenue
86.40% 83.48% 89.85% 75.72% 72.24% 83.59% 46.01% 103.11% 107.87% 103.91% 108.06%
Earnings before Interest and Taxes (EBIT)
-4.08 -2.45 -5.42 0.59 -0.37 -2.44 21 -6.66 -7.35 -6.63 -7.06
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-1.87 -0.29 -3.21 1.46 2.04 -0.19 24 -4.46 -5.15 -4.38 -4.84
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.96 5.08 5.07 0.00 0.00 3.78 3.94 3.14 4.47 3.93 4.16
Price to Tangible Book Value (P/TBV)
9.59 11.80 11.73 0.00 0.00 8.94 10.85 10.72 13.81 10.77 10.06
Price to Revenue (P/Rev)
3.59 4.52 0.00 0.00 3.72 3.42 3.39 3.12 4.70 4.26 5.32
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 93.06 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 1.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
4.00 5.10 5.40 0.00 0.00 4.21 4.40 2.95 4.37 4.19 4.50
Enterprise Value to Revenue (EV/Rev)
3.58 4.52 0.00 0.00 0.00 3.30 3.27 3.22 4.73 4.17 5.19
Enterprise Value to EBITDA (EV/EBITDA)
0.00 729.42 0.00 0.00 0.00 31.74 44.51 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 89.33 602.69 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 618.48 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 494.55 0.00 0.00 0.00 41.62 63.17 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 25.85 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.27 0.26 0.25 0.24 0.00 0.25 0.26 0.29 0.28 0.09 0.08
Long-Term Debt to Equity
0.27 0.26 0.25 0.24 0.00 0.25 0.26 0.29 0.28 0.00 0.00
Financial Leverage
-0.06 -0.01 -0.10 -0.01 0.00 -0.11 -0.12 -0.03 -0.04 -0.16 -0.32
Leverage Ratio
1.48 1.47 1.59 1.54 0.00 1.51 1.53 1.49 1.45 1.42 1.33
Compound Leverage Factor
1.70 1.76 1.70 0.44 0.00 1.72 1.48 1.64 1.58 1.46 1.35
Debt to Total Capital
21.18% 20.93% 19.99% 19.21% 0.00% 19.69% 20.71% 22.22% 21.57% 8.45% 7.40%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.45% 7.40%
Long-Term Debt to Total Capital
21.18% 20.93% 19.99% 19.21% 0.00% 19.69% 20.71% 22.22% 21.57% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
78.82% 79.07% 80.01% 80.79% 0.00% 80.31% 79.29% 77.78% 78.43% 91.55% 92.60%
Debt to EBITDA
-7.72 38.08 0.00 0.00 0.00 2.13 3.06 -1.56 -1.74 -0.78 -1.50
Net Debt to EBITDA
0.40 -0.71 0.00 0.00 0.00 -1.16 -1.59 -0.54 -0.18 0.70 1.82
Long-Term Debt to EBITDA
-7.72 38.08 0.00 0.00 0.00 2.13 3.06 -1.56 -1.74 0.00 0.00
Debt to NOPAT
-3.39 -5.42 0.00 0.00 0.00 -9.24 42.49 -1.52 -1.63 -0.65 -0.89
Net Debt to NOPAT
0.17 0.10 0.00 0.00 0.00 5.01 -22.04 -0.52 -0.17 0.58 1.08
Long-Term Debt to NOPAT
-3.39 -5.42 0.00 0.00 0.00 -9.24 42.49 -1.52 -1.63 0.00 0.00
Altman Z-Score
6.60 8.31 0.00 0.00 0.00 5.87 5.47 4.44 6.06 6.58 7.64
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
5.14 5.45 3.98 4.39 0.00 3.62 2.68 3.20 3.73 1.80 2.04
Quick Ratio
3.06 3.24 2.55 2.77 0.00 2.35 1.76 1.64 2.11 0.92 1.07
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.96 -113 -16 1.17 110 -6.28 23 -0.74 7.56 5.19 -49
Operating Cash Flow to CapEx
297.49% -2,613.91% -211.99% 0.00% -1,221.11% 167.11% 5,508.72% -805.67% -1,105.63% -437.06% -406.16%
Free Cash Flow to Firm to Interest Expense
1.12 -128.06 -18.27 1.32 122.88 -7.02 26.54 -0.84 9.16 27.61 -339.05
Operating Cash Flow to Interest Expense
1.11 -8.95 -2.31 0.00 -9.81 1.40 29.29 -6.59 -13.08 -13.30 -24.12
Operating Cash Flow Less CapEx to Interest Expense
0.74 -9.29 -3.40 0.00 -10.62 0.56 28.76 -7.41 -14.26 -16.34 -30.06
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.70 0.77 0.00 0.00 0.00 0.77 0.72 0.59 0.57 0.57 0.56
Accounts Receivable Turnover
10.17 9.99 0.00 0.00 0.00 12.45 12.36 8.89 11.27 10.19 10.89
Inventory Turnover
2.06 2.07 0.00 0.00 0.00 1.87 1.84 1.87 2.01 2.19 2.19
Fixed Asset Turnover
4.96 5.27 0.00 0.00 0.00 4.99 4.76 3.63 3.57 3.49 3.41
Accounts Payable Turnover
9.85 12.36 0.00 0.00 0.00 8.15 10.66 7.37 10.88 8.27 10.97
Days Sales Outstanding (DSO)
35.89 36.54 0.00 0.00 0.00 29.32 29.53 41.04 32.38 35.83 33.51
Days Inventory Outstanding (DIO)
177.36 176.01 0.00 0.00 0.00 194.88 198.12 195.05 181.65 166.68 166.46
Days Payable Outstanding (DPO)
37.05 29.54 0.00 0.00 0.00 44.80 34.23 49.54 33.54 44.13 33.28
Cash Conversion Cycle (CCC)
176.20 183.01 0.00 0.00 0.00 179.39 193.42 186.55 180.50 158.38 166.69
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
109 111 109 112 0.00 104 97 113 110 99 113
Invested Capital Turnover
1.10 2.26 0.00 0.00 0.00 1.30 1.24 0.90 0.87 0.96 1.08
Increase / (Decrease) in Invested Capital
-3.77 111 12 -0.19 -110 4.57 -16 -3.87 -13 -9.82 44
Enterprise Value (EV)
435 567 591 0.00 0.00 438 427 332 482 417 509
Market Capitalization
436 567 599 0.00 514 454 443 322 479 426 521
Book Value per Share
$7.71 $7.80 $8.29 $8.76 $0.00 $8.48 $7.95 $7.26 $7.64 $7.74 $8.94
Tangible Book Value per Share
$3.18 $3.36 $3.58 $3.93 $0.00 $3.59 $2.88 $2.12 $2.47 $2.82 $3.70
Total Capital
140 141 148 153 0.00 149 142 132 137 118 135
Total Debt
30 30 30 29 0.00 29 29 29 29 10 10
Total Long-Term Debt
30 30 30 29 0.00 29 29 29 29 0.00 0.00
Net Debt
-1.52 -0.55 -8.66 -11 0.00 -16 -15 10 3.07 -9.00 -12
Capital Expenditures (CapEx)
0.32 0.30 0.96 0.00 0.72 0.75 0.47 0.72 0.98 0.57 0.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)
27 29 22 24 0.00 17 9.22 23 21 17 19
Debt-free Net Working Capital (DFNWC)
58 59 60 65 0.00 63 54 42 47 36 41
Net Working Capital (NWC)
58 59 60 65 0.00 63 54 42 47 26 31
Net Nonoperating Expense (NNE)
2.40 1.91 3.80 0.73 0.56 -8.41 0.27 3.12 2.78 10 0.65
Net Nonoperating Obligations (NNO)
-1.52 -0.55 -8.66 -11 0.00 -16 -15 10 3.07 -9.00 -12
Total Depreciation and Amortization (D&A)
2.21 2.16 2.21 0.88 2.41 2.25 2.24 2.20 2.20 2.25 2.22
Debt-free, Cash-free Net Working Capital to Revenue
21.92% 22.73% 0.00% 0.00% 0.00% 13.11% 7.06% 22.27% 20.38% 16.52% 18.95%
Debt-free Net Working Capital to Revenue
47.54% 46.76% 0.00% 0.00% 0.00% 47.32% 41.20% 40.90% 46.33% 35.53% 41.51%
Net Working Capital to Revenue
47.54% 46.76% 0.00% 0.00% 0.00% 47.32% 41.20% 40.90% 46.33% 25.52% 31.29%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.36) ($0.26) ($0.53) $0.02 $0.00 $0.48 $0.52 ($0.55) ($0.56) ($1.06) ($0.41)
Adjusted Weighted Average Basic Shares Outstanding
14.28M 14.23M 14.17M 14.15M 0.00 14.03M 14.05M 14.03M 13.98M 13.92M 13.93M
Adjusted Diluted Earnings per Share
($0.36) ($0.26) ($0.53) $0.02 $0.00 $0.48 $0.52 ($0.55) ($0.56) ($1.06) ($0.41)
Adjusted Weighted Average Diluted Shares Outstanding
14.28M 14.23M 14.17M 14.18M 0.00 14.03M 14.07M 14.03M 13.98M 13.92M 13.93M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
14.30M 14.30M 14.27M 14.26M 0.00 14.16M 14.13M 14.13M 14.13M 14.04M 14.01M
Normalized Net Operating Profit after Tax (NOPAT)
-2.81 -1.74 -3.76 0.46 -0.23 -1.72 15 -3.71 -5.06 -4.63 -5.00
Normalized NOPAT Margin
-9.99% -5.80% -12.39% 1.44% -0.74% -6.13% 28.56% -13.64% -20.30% -17.81% -20.12%
Pre Tax Income Margin
-16.67% -9.84% -19.15% 0.52% -2.37% -9.97% 39.34% -27.08% -32.12% -26.14% -28.89%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-4.77 -2.78 -6.17 0.67 -0.41 -2.73 24.15 -7.53 -8.90 -35.27 -48.68
NOPAT to Interest Expense
-3.28 -1.97 -4.28 1.11 -0.25 -1.92 8.62 -5.21 -6.13 -24.62 -34.48
EBIT Less CapEx to Interest Expense
-5.15 -3.12 -7.26 0.00 -1.21 -3.56 23.62 -8.35 -10.09 -38.31 -54.61
NOPAT Less CapEx to Interest Expense
-3.66 -2.31 -5.37 0.00 -1.06 -2.75 8.09 -6.03 -7.31 -27.67 -40.42
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Surmodics' Financials

When does Surmodics's financial year end?

According to the most recent income statement we have on file, Surmodics' fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Surmodics' net income changed over the last 3 years?

Surmodics' net income appears to be on an upward trend, with a most recent value of -$11.54 million in 2024, falling from $4.24 million in 2021. The previous period was -$1.54 million in 2023. Find out what analysts predict for Surmodics in the coming months.

What is Surmodics's operating income?
Surmodics's total operating income in 2024 was -$5.65 million, based on the following breakdown:
  • Total Gross Profit: $93.05 million
  • Total Operating Expenses: $98.70 million
How has Surmodics revenue changed over the last 3 years?

Over the last 3 years, Surmodics' total revenue changed from $105.14 million in 2021 to $126.08 million in 2024, a change of 19.9%.

How much debt does Surmodics have?

Surmodics' total liabilities were at $59.67 million at the end of 2024, a 9.4% decrease from 2023, and a 9.5% increase since 2021.

How much cash does Surmodics have?

In the past 3 years, Surmodics' cash and equivalents has ranged from $19.00 million in 2022 to $41.42 million in 2023, and is currently $36.12 million as of their latest financial filing in 2024.

How has Surmodics' book value per share changed over the last 2 years?

Over the last 2 years, Surmodics' book value per share changed from 7.74 in 2022 to 8.33 in 2024, a change of 7.7%.



This page (NASDAQ:SRDX) was last updated on 5/25/2025 by MarketBeat.com Staff
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