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Artivion (AORT) Financials

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$22.65 -0.11 (-0.49%)
As of 01:29 PM Eastern
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Annual Income Statements for Artivion

Annual Income Statements for Artivion

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 4.01 122 3.70 -2.84 1.72 -17 -15 -19 -31 -13 9.77
Consolidated Net Income / (Loss)		 4.01 11 3.70 -2.84 1.72 -17 -15 -19 -31 -13 9.77
Net Income / (Loss) Continuing Operations		 4.01 122 3.70 -2.84 1.72 -17 -15 -19 -31 -13 9.77
Total Pre-Tax Income 		5.87 18 3.56 -6.39 1.64 -17 -15 -15 -22 -7.51 15
Total Operating Income		 5.35 22 7.97 9.31 17 2.44 8.12 6.20 5.74 39 34
Total Gross Profit		 91 238 129 173 183 168 198 203 229 249 284
Total Revenue		 146 180 190 263 276 253 299 314 354 389 441
Operating Revenue		 146 180 190 263 276 253 299 314 354 389 441
Total Cost of Revenue		 55 -57 61 90 93 85 101 111 125 140 157
Operating Cost of Revenue		 55 180 61 90 93 85 101 111 125 140 157
Total Operating Expenses		 85 105 121 164 166 165 189 196 223 210 250
Selling, General & Admin Expense		 75 92 101 141 143 141 170 157 209 181 226
Research & Development Expense		 10 13 19 23 23 24 36 39 29 28 31
Other Special Charges / (Income)		 - - - - - - -16 0.00 -14 0.00 -7.00
Total Other Income / (Expense), net		 0.51 -3.41 -4.41 -16 -15 -20 -23 -21 -27 -46 -19
Interest Expense		 -0.06 3.04 4.88 16 15 17 17 18 25 38 29
Interest & Investment Income		 0.94 0.07 0.21 0.23 0.74 0.22 0.08 0.15 1.08 1.47 0.76
Other Income / (Expense), net		 -0.48 -0.44 0.26 -0.14 -1.25 -3.13 -6.14 -3.11 -3.11 -9.91 9.52
Income Tax Expense		 1.86 7.63 -0.14 -3.55 -0.08 -0.49 0.01 4.21 9.10 5.85 5.01
Basic Earnings per Share		 $0.14 $0.33 $0.11 ($0.08) $0.05 ($0.44) ($0.38) ($0.48) ($0.75) ($0.32) $0.22
Weighted Average Basic Shares Outstanding		 27.74M 31.86M 33.01M 36.41M 37.12M 37.86M 38.98M 40.03M 40.74M 41.68M 45.34M
Diluted Earnings per Share		 $0.14 $0.32 $0.11 ($0.08) $0.05 ($0.44) ($0.38) ($0.48) ($0.75) ($0.32) $0.21
Weighted Average Diluted Shares Outstanding		 28.54M 32.82M 34.16M 36.41M 37.86M 37.86M 38.98M 40.03M 40.74M 41.68M 47.16M
Weighted Average Basic & Diluted Shares Outstanding		 28.60M 32.70M 33.70M 35.50M 39.08M 38.96M 40.12M 40.56M 41.23M 42.05M 47.88M

Quarterly Income Statements for Artivion

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -9.80 -3.98 7.53 -2.12 -2.29 -16 -0.51 1.35 6.50 2.43 1.42
Consolidated Net Income / (Loss)		 -9.80 -3.98 7.53 -2.12 -2.29 -16 -0.51 1.35 6.50 2.43 1.42
Net Income / (Loss) Continuing Operations		 -9.80 -3.98 7.53 -2.12 -2.29 -16 -0.51 1.35 6.50 2.43 1.42
Total Pre-Tax Income 		-9.42 -0.59 13 -2.43 -1.27 -17 -2.30 3.48 7.06 6.54 0.34
Total Operating Income		 -1.24 3.17 25 6.51 4.39 2.67 2.15 8.38 13 11 5.79
Total Gross Profit		 56 61 63 63 61 62 64 73 74 73 75
Total Revenue		 88 94 97 98 96 97 99 113 113 116 116
Operating Revenue		 88 94 97 98 96 97 99 113 113 116 116
Total Cost of Revenue		 32 33 34 35 35 36 35 40 39 43 41
Operating Cost of Revenue		 32 33 34 35 35 36 35 40 39 43 41
Total Operating Expenses		 58 58 38 57 57 59 61 65 62 62 70
Selling, General & Admin Expense		 51 50 31 49 50 51 55 58 57 57 61
Research & Development Expense		 6.42 7.65 6.95 7.50 6.61 7.40 6.73 7.06 8.08 9.12 8.84
Total Other Income / (Expense), net		 -8.18 -3.76 -13 -8.93 -5.65 -19 -4.44 -4.90 -5.48 -4.14 -5.45
Interest Expense		 6.60 6.24 11 8.30 8.41 9.74 7.66 7.27 6.12 8.19 5.37
Interest & Investment Income		 0.34 0.40 0.37 0.35 0.37 0.37 0.14 0.07 0.24 0.31 0.21
Other Income / (Expense), net		 -1.91 2.08 -1.41 -0.98 2.39 -9.90 3.08 2.30 0.40 3.74 -0.29
Income Tax Expense		 0.38 3.38 5.25 -0.31 1.02 -0.12 -1.79 2.14 0.55 4.11 -1.08
Basic Earnings per Share		 ($0.24) ($0.10) $0.18 ($0.05) ($0.05) ($0.40) ($0.01) $0.03 $0.14 $0.06 $0.03
Weighted Average Basic Shares Outstanding		 40.88M 40.74M 41.29M 41.68M 41.84M 41.68M 42.23M 44.30M 47.23M 45.34M 48.07M
Diluted Earnings per Share		 ($0.24) ($0.10) $0.18 ($0.05) ($0.05) ($0.40) ($0.01) $0.03 $0.13 $0.06 $0.03
Weighted Average Diluted Shares Outstanding		 40.88M 40.74M 47.89M 41.68M 41.84M 41.68M 42.23M 45.38M 48.78M 47.16M 49.73M
Weighted Average Basic & Diluted Shares Outstanding		 41.05M 41.23M 41.73M 41.89M 41.92M 42.05M 42.70M 47.18M 47.37M 47.88M 48.54M

Annual Cash Flow Statements for Artivion

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 4.21 14 -17 1.48 -7.94 28 -6.95 -16 20 -5.48 11
Net Cash From Operating Activities		 11 20 11 9.88 16 12 -2.59 -5.15 19 22 40
Net Cash From Continuing Operating Activities		 11 20 11 9.88 16 12 -2.59 -5.15 19 22 40
Net Income / (Loss) Continuing Operations		 4.01 11 3.70 -2.84 1.72 -17 -15 -19 -31 -13 9.77
Consolidated Net Income / (Loss)		 4.01 11 3.70 -2.84 1.72 -17 -15 -19 -31 -13 9.77
Depreciation Expense		 5.86 8.38 9.75 18 18 21 24 22 23 24 22
Non-Cash Adjustments To Reconcile Net Income		 5.81 0.05 9.71 9.12 17 26 17 25 16 35 29
Changes in Operating Assets and Liabilities, net		 -4.23 0.51 -12 -14 -22 -18 -29 -34 10 -24 -22
Net Cash From Investing Activities		 -4.49 -79 -171 -6.72 -24 -73 5.66 -11 -0.50 -28 -42
Net Cash From Continuing Investing Activities		 -4.49 -79 -171 -6.72 -24 -73 5.66 -11 -0.50 -28 -42
Purchase of Property, Plant & Equipment		 -3.49 -6.20 -6.63 -5.79 -8.07 -7.33 -13 -11 -9.75 -11 -39
Sale of Property, Plant & Equipment		 - - - - 0.00 0.00 19 0.00 14 0.00 5.00
Other Investing Activities, net		 -0.61 -0.13 -0.09 -0.93 -0.87 -5.52 -0.25 0.00 -5.00 -17 -8.00
Net Cash From Financing Activities		 -2.81 73 143 -2.56 -1.49 94 -12 -1.64 0.87 2.20 11
Net Cash From Continuing Financing Activities		 -2.81 73 143 -2.56 -1.49 94 -12 -1.64 0.87 2.20 11
Repayment of Debt		 - -3.70 -83 -4.32 -3.51 -40 -5.87 -3.21 -6.09 -216 -4.91
Issuance of Debt		 0.46 76 225 0.00 0.00 130 - 0.00 0.00 213 0.00
Issuance of Common Equity		 1.53 2.20 3.13 3.85 4.76 2.43 3.76 3.37 3.96 5.73 13
Other Financing Activities, net		 -1.39 -0.70 -1.61 -2.10 -2.74 0.82 -10 -1.80 3.00 0.00 3.12
Effect of Exchange Rate Changes		 0.07 - - - - -5.19 2.20 - 0.40 -1.73 2.32

Quarterly Cash Flow Statements for Artivion

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 4.71 5.46 -7.82 3.90 1.15 -2.71 -16 16 20 -8.52 -9.14
Net Cash From Operating Activities		 7.23 11 -5.49 6.14 11 10 -17 15 22 20 1.15
Net Cash From Continuing Operating Activities		 7.23 11 -5.49 6.14 11 10 -17 15 22 20 1.15
Net Income / (Loss) Continuing Operations		 -9.80 -3.98 7.53 -2.12 -2.29 -16 -0.51 1.35 6.50 2.43 1.42
Consolidated Net Income / (Loss)		 -9.80 -3.98 7.53 -2.12 -2.29 -16 -0.51 1.35 6.50 2.43 1.42
Depreciation Expense		 5.76 5.82 5.91 5.89 6.11 6.30 5.45 5.54 5.72 5.76 6.34
Non-Cash Adjustments To Reconcile Net Income		 7.22 4.98 9.79 7.55 7.58 16 11 11 5.35 2.42 11
Changes in Operating Assets and Liabilities, net		 4.06 4.02 -29 -5.18 0.05 4.74 -32 -3.01 4.69 8.96 -17
Net Cash From Investing Activities		 -2.07 -2.67 -3.61 -2.51 -11 -11 -3.64 -3.29 -4.61 -31 -11
Net Cash From Continuing Investing Activities		 -2.07 -2.67 -3.61 -2.51 -11 -11 -3.64 -3.29 -4.61 -31 -11
Purchase of Property, Plant & Equipment		 -2.07 -2.67 -3.61 -2.51 -3.64 -1.43 -3.64 -3.29 -4.61 -28 -8.00
Other Investing Activities, net		 - - - - -7.00 -10 0.00 - - -8.00 -2.50
Net Cash From Financing Activities		 -0.91 -1.63 0.74 -0.18 1.47 0.17 3.94 2.60 2.32 2.43 0.46
Net Cash From Continuing Financing Activities		 -0.91 -1.63 0.74 -0.18 1.47 0.17 3.94 2.60 2.32 2.43 0.46
Repayment of Debt		 -1.80 -1.56 -223 -0.24 -0.23 7.23 -0.24 -0.80 -2.84 -1.03 -0.79
Issuance of Common Equity		 0.89 0.49 3.53 0.06 1.70 0.44 4.18 0.28 5.15 3.46 1.25
Effect of Exchange Rate Changes		 0.45 -1.08 0.55 0.46 -1.14 -1.60 0.88 1.46 -0.02 -0.00 -0.26

Annual Balance Sheets for Artivion

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 181 316 590 571 606 789 793 763 792 789 885
Total Current Assets		 110 147 179 179 187 235 248 247 281 290 358
Cash & Equivalents		 38 57 40 41 34 61 55 39 59 53 65
Accounts Receivable		 27 30 51 51 56 49 58 70 74 86 104
Inventories, net		 15 26 47 45 53 73 77 74 82 80 92
Prepaid Expenses		 5.19 2.82 4.73 6.85 12 14 15 18 16 19 43
Other Current Assets		 25 31 36 33 33 37 43 46 50 52 55
Plant, Property, & Equipment, net		 11 19 34 31 32 33 38 39 38 36 65
Total Noncurrent Assets		 60 150 377 361 386 522 508 477 473 463 462
Goodwill		 11 78 188 189 187 260 250 244 247 241 254
Intangible Assets		 20 67 179 160 158 227 201 183 172 156 156
Noncurrent Deferred & Refundable Income Taxes		 18 - 1.61 4.11 5.48 1.45 2.36 1.31 1.09 1.07 1.20
Other Noncurrent Operating Assets		 5.58 5.47 7.49 7.92 36 33 54 49 53 64 50
Total Liabilities & Shareholders' Equity		 181 316 590 571 606 789 793 763 792 789 885
Total Liabilities		 26 107 313 296 320 461 492 478 511 513 437
Total Current Liabilities		 20 30 43 35 45 60 45 50 58 67 102
Short-Term Debt		 - 4.56 1.30 1.16 1.16 18 1.63 1.61 1.45 0.20 21
Accounts Payable		 4.59 5.74 9.77 7.55 9.80 9.62 10 12 13 18 16
Accrued Expenses		 7.29 9.86 15 11 11 11 11 14 12 14 20
Current Deferred & Payable Income Tax Liabilities		 - 0.00 4.02 2.25 2.98 2.81 3.63 2.64 3.84 2.93 7.49
Current Employee Benefit Liabilities		 6.34 8.82 10 11 12 10 13 14 19 18 22
Other Current Liabilities		 1.39 1.12 2.43 2.33 7.90 9.13 4.76 5.13 6.37 5.67 10
Other Current Nonoperating Liabilities		 - - - - - - - - 2.28 8.17 4.82
Total Noncurrent Liabilities		 6.32 77 270 262 275 400 447 429 453 446 335
Long-Term Debt		 - 67 218 216 215 290 307 306 306 314 215
Capital Lease Obligations		 - 0.01 6.86 5.94 5.42 5.30 4.37 3.64 3.41 2.83 2.70
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.01 30 27 26 35 29 24 22 20 24
Noncurrent Employee Benefit Liabilities		 1.93 2.60 3.39 3.25 4.43 5.52 5.95 5.47 6.76 7.98 9.46
Other Noncurrent Operating Liabilities		 2.66 5.07 7.89 6.87 24 64 101 89 115 101 83
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 155 209 277 275 286 329 301 284 282 276 448
Total Preferred & Common Equity		 155 209 277 275 286 329 301 284 282 276 448
Preferred Stock		 - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 155 209 277 275 286 329 301 284 282 276 448
Common Stock		 143 187 250 261 272 317 323 338 356 377 517
Retained Earnings		 23 34 38 35 37 20 1.98 -17 -48 -61 -51
Treasury Stock		 -11 -12 -13 -15 - -15 -15 -15 -15 -15 -15
Accumulated Other Comprehensive Income / (Loss)		 -0.08 -0.43 1.86 -6.07 -8.59 6.74 -9.89 -22 -12 -25 -2.72

Quarterly Balance Sheets for Artivion

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

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 743 757 778 775 784 790 803 791 838 858 883
Total Current Assets		 238 241 264 267 277 285 288 287 319 337 358
Cash & Equivalents		 38 31 49 53 51 55 56 38 53 73 56
Accounts Receivable		 65 67 69 68 77 79 78 96 101 97 106
Inventories, net		 73 76 78 79 82 81 84 82 87 91 98
Prepaid Expenses		 17 20 19 17 17 20 19 20 25 22 45
Other Current Assets		 45 47 48 49 50 51 50 52 53 54 53
Plant, Property, & Equipment, net		 36 39 38 37 38 37 38 38 40 41 68
Total Noncurrent Assets		 468 478 476 470 469 467 477 466 479 479 458
Goodwill		 235 246 246 243 245 244 249 245 254 254 252
Intangible Assets		 179 181 177 172 168 164 165 156 158 157 155
Noncurrent Deferred & Refundable Income Taxes		 6.10 2.37 3.95 3.71 0.67 3.31 1.46 0.68 0.69 0.60 1.14
Other Noncurrent Operating Assets		 48 49 49 52 56 55 62 64 67 68 50
Total Liabilities & Shareholders' Equity		 743 757 778 775 784 790 803 791 838 858 883
Total Liabilities		 488 477 495 503 489 494 498 497 418 419 433
Total Current Liabilities		 46 44 56 55 46 51 153 52 67 86 93
Short-Term Debt		 1.56 1.62 1.56 1.55 0.27 0.27 100 0.14 0.07 19 21
Accounts Payable		 11 9.47 10 11 10 12 11 12 19 16 18
Accrued Expenses		 12 12 12 12 17 18 17 14 14 15 19
Current Deferred & Payable Income Tax Liabilities		 5.29 6.91 11 9.39 2.09 1.73 3.52 1.61 2.85 2.07 7.13
Current Employee Benefit Liabilities		 11 9.03 13 14 11 14 15 12 16 18 14
Other Current Liabilities		 4.95 5.10 8.67 7.55 4.91 4.90 5.89 5.95 8.77 10 8.20
Other Current Nonoperating Liabilities		 - - - - - - - 6.76 5.71 5.59 4.48
Total Noncurrent Liabilities		 442 433 439 448 443 444 346 445 352 333 340
Long-Term Debt		 307 306 306 306 313 313 214 315 216 215 215
Capital Lease Obligations		 3.45 3.58 3.45 3.27 3.27 3.20 3.19 3.02 3.06 2.88 3.05
Noncurrent Deferred & Payable Income Tax Liabilities		 34 24 19 20 22 22 19 22 23 22 28
Noncurrent Employee Benefit Liabilities		 5.08 6.13 6.54 6.46 7.45 7.46 7.93 8.07 8.73 9.19 9.74
Other Noncurrent Operating Liabilities		 92 93 104 113 97 98 102 98 101 84 84
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 255 280 283 272 295 295 305 294 420 439 450
Total Preferred & Common Equity		 255 280 283 272 295 295 305 294 420 439 450
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 255 280 283 272 295 295 305 294 420 439 450
Common Stock		 334 343 347 352 364 368 374 389 498 510 527
Retained Earnings		 -19 -31 -34 -44 -40 -42 -45 -62 -60 -54 -50
Treasury Stock		 -15 -15 -15 -15 -15 -15 -15 -15 -15 -15 -15
Accumulated Other Comprehensive Income / (Loss)		 -45 -18 -16 -21 -14 -16 -9.53 -19 -2.83 -2.29 -12

Annual Metrics And Ratios for Artivion

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.87% 23.63% 5.17% 38.55% 5.09% -8.32% 18.01% 5.00% 12.82% 9.76% 13.59%
EBITDA Growth		 -25.08% 177.34% -39.61% 51.69% 25.10% -41.31% 29.67% -1.63% 0.69% 106.79% 23.61%
EBIT Growth		 -41.31% 339.08% -61.51% 11.43% 72.20% -104.39% 385.86% 56.13% -14.78% 998.82% 49.36%
NOPAT Growth		 -50.86% 249.54% -35.10% -21.37% 173.53% -90.42% 232.53% -23.60% -7.40% 577.01% -18.04%
Net Income Growth		 -45.30% 169.11% -65.63% -176.67% 160.56% -1,069.88% 11.08% -29.38% -59.91% 56.47% 173.12%
EPS Growth		 -44.00% 128.57% -65.63% -172.73% 162.50% -980.00% 13.64% -26.32% -56.25% 57.33% 165.63%
Operating Cash Flow Growth		 40.95% 72.34% -45.22% -8.53% 60.18% -21.85% -120.90% -99.34% 465.32% 18.12% 79.35%
Free Cash Flow Firm Growth		 627.53% -8,007.48% -134.41% 105.87% -93.17% -11,524.68% 125.14% -74.35% 269.70% -42.01% -484.37%
Invested Capital Growth		 2.20% 99.61% 107.27% -1.52% 3.71% 22.77% -3.61% -0.44% -3.81% 2.35% 14.33%
Revenue Q/Q Growth		 1.88% 2.96% 4.29% 6.04% -20.04% 37.71% 4.00% 0.00% 4.20% 0.95% 4.42%
EBITDA Q/Q Growth		 41.76% 2.68% -16.69% 16.11% 10.58% 1.94% -55.71% 339.88% -10.26% -18.43% 47.34%
EBIT Q/Q Growth		 230.84% -0.16% -35.49% 35.17% 20.27% -188.75% -94.29% 109.20% -55.82% -30.13% 100.21%
NOPAT Q/Q Growth		 37.97% 71.62% -60.63% 46.92% 57.33% -41.29% -81.05% 185.32% -14.30% 790.00% 23.80%
Net Income Q/Q Growth		 27.35% 2.48% -61.45% 44.00% 5.85% -19.97% -920.46% 53.71% -25.03% -1,469.80% 206.86%
EPS Q/Q Growth		 55.56% -5.88% -59.26% 42.86% 25.00% -18.92% -1,050.00% 53.40% -25.00% -1,500.00% 184.00%
Operating Cash Flow Q/Q Growth		 -22.75% 22.56% 9.44% 85.14% -37.41% 55.02% -220.29% -22.11% 142.28% -3.05% 30.93%
Free Cash Flow Firm Q/Q Growth		 -79.94% 6.73% -4,405.99% 106.21% -93.57% -14.08% 211.08% -82.55% 435.05% 136.16% -138.41%
Invested Capital Q/Q Growth		 3.98% 1.13% 95.71% -0.80% 3.57% 5.10% -2.48% 5.20% 1.19% -3.12% 3.18%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 62.18% 131.83% 67.81% 65.81% 66.26% 66.26% 66.09% 64.54% 64.74% 64.03% 64.40%
EBITDA Margin		 7.36% 16.50% 9.48% 10.37% 12.35% 7.91% 8.69% 8.14% 7.26% 13.68% 14.89%
Operating Margin		 3.67% 12.10% 4.20% 3.54% 6.17% 0.96% 2.72% 1.98% 1.62% 10.01% 7.65%
EBIT Margin		 3.34% 11.85% 4.34% 3.49% 5.72% -0.27% 0.66% 0.99% 0.74% 7.45% 9.80%
Profit (Net Income) Margin		 2.75% 5.98% 1.95% -1.08% 0.62% -6.59% -4.96% -6.12% -8.67% -3.44% 2.21%
Tax Burden Percent		 68.25% 58.54% 104.02% 44.44% 104.62% 97.14% 100.05% 128.08% 142.18% 177.79% 66.09%
Interest Burden Percent		 120.49% 86.11% 43.27% -69.69% 10.41% 2,478.21% -748.46% -484.45% -818.89% -25.94% 34.16%
Effective Tax Rate		 31.75% 41.46% -4.02% 0.00% -4.62% 0.00% 0.00% 0.00% 0.00% 0.00% 33.91%
Return on Invested Capital (ROIC)		 3.30% 7.62% 2.42% 1.42% 3.84% 0.32% 1.00% 0.78% 0.74% 5.02% 3.80%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.45% 21.30% -2.17% -3.69% -4.93% -8.07% -7.05% -8.09% -12.46% -10.41% -1.77%
Return on Net Nonoperating Assets (RNNOA)		 -0.67% -1.71% -0.89% -2.45% -3.23% -5.75% -5.71% -7.34% -11.58% -9.81% -1.10%
Return on Equity (ROE)		 2.64% 5.92% 1.52% -1.03% 0.61% -5.43% -4.71% -6.56% -10.84% -4.79% 2.70%
Cash Return on Invested Capital (CROIC)		 1.13% -58.87% -67.41% 2.95% 0.20% -20.12% 4.67% 1.22% 4.62% 2.70% -9.58%
Operating Return on Assets (OROA)		 2.73% 8.60% 1.82% 1.58% 2.68% -0.10% 0.25% 0.40% 0.34% 3.66% 5.17%
Return on Assets (ROA)		 2.24% 4.33% 0.82% -0.49% 0.29% -2.39% -1.87% -2.47% -3.95% -1.69% 1.17%
Return on Common Equity (ROCE)		 2.64% 5.92% 1.52% -1.03% 0.61% -5.43% -4.71% -6.56% -10.84% -4.79% 2.70%
Return on Equity Simple (ROE_SIMPLE)		 2.58% 5.16% 1.34% -1.03% 0.60% -5.07% -4.93% -6.75% -10.89% -4.84% 0.00%
Net Operating Profit after Tax (NOPAT)		 3.65 13 8.29 6.52 18 1.71 5.68 4.34 4.02 27 22
NOPAT Margin		 2.50% 7.08% 4.37% 2.48% 6.45% 0.67% 1.90% 1.38% 1.14% 7.00% 5.05%
Net Nonoperating Expense Percent (NNEP)		 0.85% -13.68% 4.59% 5.11% 8.77% 8.39% 8.05% 8.87% 13.19% 15.44% 5.57%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 0.73% 0.68% 4.59% 3.25%
Cost of Revenue to Revenue		 37.82% -31.83% 32.19% 34.19% 33.74% 33.74% 33.91% 35.46% 35.26% 35.97% 35.60%
SG&A Expenses to Revenue		 51.36% 50.75% 53.35% 53.48% 51.77% 55.74% 56.81% 50.17% 59.03% 46.70% 51.32%
R&D to Revenue		 7.15% 7.45% 10.26% 8.79% 8.31% 9.56% 11.89% 12.39% 8.11% 7.32% 7.02%
Operating Expenses to Revenue		 58.51% 58.21% 63.61% 62.27% 60.09% 65.29% 63.38% 62.57% 63.12% 54.03% 56.76%
Earnings before Interest and Taxes (EBIT)		 4.87 21 8.23 9.17 16 -0.69 1.98 3.09 2.64 29 43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 11 30 18 27 34 20 26 26 26 53 66
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.98 3.01 2.31 3.81 3.56 2.79 2.66 1.72 2.60 4.34 4.82
Price to Tangible Book Value (P/TBV)		 2.47 9.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 57.40
Price to Revenue (P/Rev)		 2.10 3.49 3.38 3.99 3.68 3.62 2.68 1.56 2.07 3.08 4.90
Price to Earnings (P/E)		 76.59 5.17 172.98 0.00 590.68 0.00 0.00 0.00 0.00 0.00 221.21
Dividend Yield		 1.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.31% 19.36% 0.58% 0.00% 0.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.45%
Enterprise Value to Invested Capital (EV/IC)		 2.40 2.88 1.79 2.70 2.55 2.01 1.89 1.37 1.84 2.67 3.73
Enterprise Value to Revenue (EV/Rev)		 1.84 3.57 4.36 4.68 4.35 4.62 3.54 2.43 2.78 3.76 5.29
Enterprise Value to EBITDA (EV/EBITDA)		 25.00 21.61 45.97 45.10 35.26 58.39 40.79 29.81 38.32 27.50 35.52
Enterprise Value to EBIT (EV/EBIT)		 55.10 30.08 100.41 134.09 76.17 0.00 534.50 246.10 373.82 50.48 53.96
Enterprise Value to NOPAT (EV/NOPAT)		 73.43 50.36 99.68 188.65 67.46 684.06 186.35 175.36 245.16 53.73 104.67
Enterprise Value to Operating Cash Flow (EV/OCF)		 23.45 32.62 76.49 124.45 76.00 94.50 0.00 0.00 52.35 65.76 58.53
Enterprise Value to Free Cash Flow (EV/FCFF)		 215.14 0.00 0.00 90.67 1,297.79 0.00 39.78 111.50 39.04 99.91 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.34 0.82 0.81 0.77 0.95 1.04 1.10 1.10 1.15 0.53
Long-Term Debt to Equity		 0.00 0.32 0.81 0.81 0.77 0.90 1.04 1.09 1.10 1.15 0.49
Financial Leverage		 -0.27 -0.08 0.41 0.66 0.66 0.71 0.81 0.91 0.93 0.94 0.62
Leverage Ratio		 1.18 1.37 1.86 2.10 2.10 2.27 2.51 2.66 2.75 2.83 2.31
Compound Leverage Factor		 1.42 1.18 0.81 -1.47 0.22 56.27 -18.82 -12.88 -22.50 -0.74 0.79
Debt to Total Capital		 0.00% 25.51% 44.97% 44.75% 43.63% 48.81% 51.04% 52.30% 52.42% 53.45% 34.73%
Short-Term Debt to Total Capital		 0.00% 1.63% 0.26% 0.23% 0.23% 2.74% 0.27% 0.27% 0.25% 0.03% 3.01%
Long-Term Debt to Total Capital		 0.00% 23.89% 44.71% 44.52% 43.40% 46.06% 50.77% 52.03% 52.17% 53.42% 31.72%
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		 100.00% 74.49% 55.03% 55.25% 56.37% 51.19% 48.96% 47.70% 47.58% 46.55% 65.27%
Debt to EBITDA		 0.00 2.40 12.59 8.17 6.48 15.65 12.08 12.21 12.07 5.97 3.63
Net Debt to EBITDA		 0.00 0.48 10.33 6.62 5.48 12.56 9.96 10.67 9.78 4.96 2.64
Long-Term Debt to EBITDA		 0.00 2.25 12.52 8.13 6.45 14.77 12.01 12.15 12.02 5.96 3.31
Debt to NOPAT		 0.00 5.60 27.31 34.18 12.40 183.41 55.17 71.82 77.22 11.66 10.69
Net Debt to NOPAT		 0.00 1.12 22.39 27.70 10.48 147.15 45.49 62.75 62.56 9.69 7.78
Long-Term Debt to NOPAT		 0.00 5.25 27.15 34.01 12.34 173.10 54.89 71.45 76.86 11.65 9.77
Altman Z-Score		 8.77 4.91 1.96 3.03 2.81 1.81 1.67 1.32 1.57 2.25 3.90
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		 5.59 4.89 4.18 5.19 4.15 3.88 5.51 4.98 4.85 4.34 3.53
Quick Ratio		 3.28 2.88 2.13 2.69 1.98 1.82 2.52 2.19 2.30 2.09 1.66
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1.25 -99 -231 14 0.93 -106 27 6.83 25 15 -56
Operating Cash Flow to CapEx		 327.85% 318.15% 162.89% 170.77% 196.07% 168.79% 0.00% -48.09% 0.00% 198.75% 117.15%
Free Cash Flow to Firm to Interest Expense		 0.00 -32.41 -47.36 0.86 0.06 -6.34 1.58 0.37 1.00 0.39 -1.92
Operating Cash Flow to Interest Expense		 0.00 6.48 2.21 0.63 1.06 0.74 -0.15 -0.28 0.74 0.59 1.36
Operating Cash Flow Less CapEx to Interest Expense		 0.00 4.44 0.85 0.26 0.52 0.30 0.20 -0.87 0.92 0.29 0.20
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.82 0.73 0.42 0.45 0.47 0.36 0.38 0.40 0.46 0.49 0.53
Accounts Receivable Turnover		 5.89 6.36 4.65 5.11 5.15 4.84 5.59 4.91 4.93 4.86 4.66
Inventory Turnover		 4.03 0.00 1.67 1.95 1.89 1.36 1.35 1.47 1.60 1.73 1.82
Fixed Asset Turnover		 12.42 12.03 7.28 8.14 8.74 7.76 8.47 8.24 9.19 10.39 8.71
Accounts Payable Turnover		 12.14 0.00 7.87 10.38 10.75 8.80 10.12 9.93 9.86 8.93 9.24
Days Sales Outstanding (DSO)		 61.96 57.44 78.44 71.43 70.89 75.39 65.26 74.26 74.09 75.17 78.39
Days Inventory Outstanding (DIO)		 90.56 0.00 218.12 187.18 192.96 269.36 270.19 248.41 228.74 211.21 200.03
Days Payable Outstanding (DPO)		 30.05 0.00 46.36 35.16 33.96 41.48 36.06 36.74 37.02 40.86 39.51
Cash Conversion Cycle (CCC)		 122.47 57.44 250.20 223.45 229.89 303.28 299.40 285.93 265.81 245.52 238.91
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 112 223 463 456 473 580 559 557 536 548 627
Invested Capital Turnover		 1.32 1.08 0.55 0.57 0.60 0.48 0.52 0.56 0.65 0.72 0.75
Increase / (Decrease) in Invested Capital		 2.41 111 239 -7.04 17 108 -21 -2.49 -21 13 79
Enterprise Value (EV)		 268 643 826 1,230 1,203 1,169 1,059 761 985 1,462 2,334
Market Capitalization		 307 629 641 1,049 1,016 917 800 489 734 1,198 2,161
Book Value per Share		 $5.46 $6.36 $8.28 $7.44 $7.62 $8.46 $7.65 $7.05 $6.86 $6.59 $9.46
Tangible Book Value per Share		 $4.36 $1.95 ($2.71) ($2.00) ($1.57) ($4.08) ($3.83) ($3.52) ($3.36) ($2.89) $0.79
Total Capital		 155 281 503 498 507 642 614 596 592 593 687
Total Debt		 0.00 72 226 223 221 313 313 312 310 317 239
Total Long-Term Debt		 0.00 67 225 222 220 296 312 310 309 317 218
Net Debt		 -38 14 186 181 187 251 258 272 251 264 174
Capital Expenditures (CapEx)		 3.49 6.20 6.63 5.79 8.07 7.33 -5.91 11 -4.50 11 34
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 52 64 97 104 109 130 149 160 165 170 212
Debt-free Net Working Capital (DFNWC)		 90 122 138 146 143 192 204 199 224 223 277
Net Working Capital (NWC)		 90 117 136 145 142 174 203 198 223 223 257
Net Nonoperating Expense (NNE)		 -0.35 1.99 4.59 9.36 16 18 21 24 35 41 13
Net Nonoperating Obligations (NNO)		 -43 14 186 181 187 251 258 272 254 272 178
Total Depreciation and Amortization (D&A)		 5.86 8.38 9.75 18 18 21 24 22 23 24 22
Debt-free, Cash-free Net Working Capital to Revenue		 35.39% 35.68% 51.07% 39.40% 39.48% 51.25% 49.98% 50.96% 46.70% 43.75% 48.11%
Debt-free Net Working Capital to Revenue		 61.73% 67.46% 72.55% 55.47% 51.90% 75.72% 68.39% 63.50% 63.35% 57.51% 62.81%
Net Working Capital to Revenue		 61.73% 64.94% 71.87% 55.03% 51.48% 68.76% 67.84% 62.99% 62.94% 57.46% 58.13%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.14 $0.33 $0.11 ($0.08) $0.05 ($0.44) ($0.38) ($0.48) ($0.75) ($0.32) $0.22
Adjusted Weighted Average Basic Shares Outstanding		 27.74M 31.86M 33.01M 36.41M 37.12M 37.86M 38.98M 40.03M 40.74M 41.68M 45.34M
Adjusted Diluted Earnings per Share		 $0.14 $0.32 $0.11 ($0.08) $0.05 ($0.44) ($0.38) ($0.48) ($0.75) ($0.32) $0.21
Adjusted Weighted Average Diluted Shares Outstanding		 28.54M 32.82M 34.16M 36.41M 37.86M 37.86M 38.98M 40.03M 40.74M 41.68M 47.16M
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		 32.25M 32.98M 36.49M 37.02M 39.08M 38.96M 40.12M 40.56M 41.23M 42.05M 47.88M
Normalized Net Operating Profit after Tax (NOPAT)		 3.65 13 5.58 6.52 12 1.71 -5.46 4.34 -5.96 27 18
Normalized NOPAT Margin		 2.50% 7.08% 2.94% 2.48% 4.32% 0.67% -1.83% 1.38% -1.68% 7.00% 4.01%
Pre Tax Income Margin		 4.02% 10.21% 1.88% -2.43% 0.60% -6.78% -4.96% -4.78% -6.10% -1.93% 3.35%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 7.03 1.69 0.58 1.06 -0.04 0.12 0.17 0.10 0.76 1.48
NOPAT to Interest Expense		 0.00 4.20 1.70 0.41 1.20 0.10 0.34 0.24 0.16 0.72 0.76
EBIT Less CapEx to Interest Expense		 0.00 4.99 0.33 0.21 0.52 -0.48 0.47 -0.42 0.28 0.47 0.32
NOPAT Less CapEx to Interest Expense		 0.00 2.16 0.34 0.05 0.66 -0.34 0.69 -0.35 0.34 0.42 -0.40
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 85.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 85.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Artivion

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 47,883,897.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 47,883,897.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.03
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 14.34% 17.98% 17.06% 9.82% 9.02% 3.88% 1.59% 15.26% 18.39% 19.20% 17.54%
EBITDA Growth		 215.84% -20.99% 951.16% 24.06% 394.74% -108.48% -64.21% 42.11% 44.78% 2,248.78% 10.97%
EBIT Growth		 59.38% -38.80% 924.78% 60.86% 314.68% -237.66% -78.14% 93.41% 90.98% 299.34% 5.30%
NOPAT Growth		 69.70% -18.77% 651.97% -15.22% 452.65% -15.86% -89.94% -28.90% 276.17% 112.15% 1,511.01%
Net Income Growth		 28.53% -283.26% 155.67% 37.29% 76.66% -314.67% -106.70% 163.41% 384.18% 114.72% 380.59%
EPS Growth		 29.41% -300.00% 154.55% 37.50% 79.17% -300.00% -105.56% 160.00% 360.00% 115.00% 400.00%
Operating Cash Flow Growth		 81.89% 5,094.47% 10.74% -11.20% 58.39% -6.45% -208.63% 144.68% 94.34% 92.92% 106.81%
Free Cash Flow Firm Growth		 -102.04% 349.07% 457.47% -153.04% -3,865.64% -145.69% -226.65% -315.75% 10.18% -596.54% -76.36%
Invested Capital Growth		 -0.01% -3.81% -0.04% 2.19% 6.90% 2.35% 3.69% 6.11% 7.35% 14.33% 9.98%
Revenue Q/Q Growth		 -1.57% 6.62% 4.02% 0.60% -2.29% 1.60% 1.72% 14.14% 0.37% 2.30% 0.30%
EBITDA Q/Q Growth		 -71.70% 325.15% 169.27% -61.71% 12.86% -107.29% 1,236.32% 52.03% 14.98% 8.18% -41.31%
EBIT Q/Q Growth		 -191.88% 266.56% 354.84% -76.89% 22.61% -206.81% 172.21% 104.52% 21.07% 11.48% -61.85%
NOPAT Q/Q Growth		 -116.21% 354.98% 571.86% -69.47% -32.58% -39.16% -19.63% 115.68% 256.70% -65.69% 510.30%
Net Income Q/Q Growth		 -189.80% 59.44% 289.51% -128.16% -7.87% -620.41% 96.94% 366.34% 383.42% -62.69% -41.59%
EPS Q/Q Growth		 -200.00% 58.33% 280.00% -127.78% 0.00% -700.00% 97.50% 400.00% 333.33% -53.85% -50.00%
Operating Cash Flow Q/Q Growth		 4.68% 49.86% -150.68% 211.69% 86.72% -11.49% -267.21% 188.54% 48.30% -12.14% -94.10%
Free Cash Flow Firm Q/Q Growth		 -106.05% 2,877.84% -35.43% -148.88% -352.31% 68.00% -78.99% -60.47% 2.28% -148.16% 54.68%
Invested Capital Q/Q Growth		 -2.87% 1.19% 4.65% -0.64% 1.60% -3.12% 6.02% 1.67% 2.80% 3.18% 1.98%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 64.05% 65.22% 64.61% 64.60% 63.70% 63.20% 64.23% 64.72% 65.61% 63.06% 64.85%
EBITDA Margin		 2.96% 11.82% 30.60% 11.65% 13.45% -0.97% 10.78% 14.36% 16.45% 17.40% 10.18%
Operating Margin		 -1.42% 3.39% 25.98% 6.64% 4.58% 2.74% 2.17% 7.42% 11.06% 9.21% 4.97%
EBIT Margin		 -3.59% 5.61% 24.53% 5.64% 7.07% -7.43% 5.28% 9.46% 11.41% 12.43% 4.73%
Profit (Net Income) Margin		 -11.16% -4.24% 7.73% -2.16% -2.39% -16.94% -0.51% 1.19% 5.73% 2.09% 1.22%
Tax Burden Percent		 104.06% 672.59% 58.94% 87.39% 180.73% 99.28% 22.00% 38.63% 92.15% 37.11% 417.99%
Interest Burden Percent		 298.54% -11.25% 53.47% -43.94% -18.69% 229.50% -43.93% 32.59% 54.55% 45.33% 6.16%
Effective Tax Rate		 0.00% 0.00% 41.06% 0.00% 0.00% 0.00% 0.00% 61.37% 7.85% 62.89% -317.99%
Return on Invested Capital (ROIC)		 -0.64% 1.54% 10.06% 3.18% 2.25% 1.38% 1.04% 2.02% 7.34% 2.57% 15.63%
ROIC Less NNEP Spread (ROIC-NNEP)		 -4.00% -0.82% 7.35% 0.63% 0.19% -5.61% 0.31% 1.15% 4.99% 1.88% 6.05%
Return on Net Nonoperating Assets (RNNOA)		 -4.03% -0.76% 6.99% 0.57% 0.17% -5.28% 0.29% 0.69% 2.88% 1.17% 3.86%
Return on Equity (ROE)		 -4.67% 0.78% 17.04% 3.75% 2.42% -3.90% 1.33% 2.72% 10.23% 3.74% 19.50%
Cash Return on Invested Capital (CROIC)		 0.89% 4.62% -525.87% -151.13% -7.39% 2.70% -1.69% -3.78% -4.02% -9.58% -5.39%
Operating Return on Assets (OROA)		 -1.61% 2.55% 11.72% 2.71% 3.45% -3.65% 2.61% 4.71% 5.81% 6.56% 2.59%
Return on Assets (ROA)		 -5.00% -1.93% 3.69% -1.04% -1.17% -8.32% -0.25% 0.59% 2.92% 1.10% 0.67%
Return on Common Equity (ROCE)		 -4.67% 0.78% 17.04% 3.75% 2.42% -3.90% 1.33% 2.72% 10.23% 3.74% 19.50%
Return on Equity Simple (ROE_SIMPLE)		 -9.03% 0.00% -3.26% -2.83% -0.28% 0.00% -7.27% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.87 2.22 15 4.55 3.07 1.87 1.50 3.24 12 3.96 24
NOPAT Margin		 -0.99% 2.37% 15.31% 4.65% 3.21% 1.92% 1.52% 2.87% 10.19% 3.42% 20.79%
Net Nonoperating Expense Percent (NNEP)		 3.36% 2.36% 2.70% 2.55% 2.07% 6.98% 0.73% 0.88% 2.35% 0.68% 9.58%
Return On Investment Capital (ROIC_SIMPLE)		 - 0.38% 2.44% - - 0.31% 0.25% 0.51% 1.71% 0.58% 3.50%
Cost of Revenue to Revenue		 35.95% 34.78% 35.39% 35.40% 36.30% 36.80% 35.77% 35.28% 34.39% 36.94% 35.15%
SG&A Expenses to Revenue		 58.16% 53.68% 31.50% 50.32% 52.22% 52.85% 55.27% 51.04% 50.52% 49.00% 52.28%
R&D to Revenue		 7.31% 8.16% 7.13% 7.65% 6.90% 7.61% 6.80% 6.25% 7.12% 7.86% 7.60%
Operating Expenses to Revenue		 65.47% 61.84% 38.63% 57.97% 59.12% 60.46% 62.07% 57.30% 54.56% 53.85% 59.88%
Earnings before Interest and Taxes (EBIT)		 -3.16 5.26 24 5.52 6.77 -7.23 5.22 11 13 14 5.50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2.60 11 30 11 13 -0.94 11 16 19 20 12
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.29 2.60 2.94 3.63 3.66 4.34 3.51 3.16 4.55 4.82 3.89
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 173.38 71.71 57.40 39.93
Price to Revenue (P/Rev)		 1.83 2.07 2.36 2.84 2.90 3.08 2.65 3.28 4.73 4.90 3.82
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 221.21 150.00
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.45% 0.67%
Enterprise Value to Invested Capital (EV/IC)		 1.66 1.84 2.02 2.39 2.43 2.67 2.26 2.53 3.56 3.73 3.03
Enterprise Value to Revenue (EV/Rev)		 2.59 2.78 3.08 3.53 3.58 3.76 3.37 3.69 5.11 5.29 4.22
Enterprise Value to EBITDA (EV/EBITDA)		 30.69 38.32 21.52 24.27 21.11 27.50 38.60 38.45 48.44 35.52 28.97
Enterprise Value to EBIT (EV/EBIT)		 147.37 373.82 38.52 42.26 33.20 50.48 127.70 96.67 100.00 53.96 44.50
Enterprise Value to NOPAT (EV/NOPAT)		 187.50 245.16 0.00 0.00 0.00 53.73 119.47 121.31 119.95 104.67 77.20
Enterprise Value to Operating Cash Flow (EV/OCF)		 113.18 52.35 58.20 71.20 60.00 65.76 121.90 75.98 70.94 58.53 33.41
Enterprise Value to Free Cash Flow (EV/FCFF)		 186.43 39.04 0.00 0.00 0.00 99.91 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.14 1.10 1.07 1.07 1.04 1.15 1.08 0.52 0.54 0.53 0.53
Long-Term Debt to Equity		 1.14 1.10 1.07 1.07 0.71 1.15 1.08 0.52 0.50 0.49 0.48
Financial Leverage		 1.01 0.93 0.95 0.91 0.90 0.94 0.94 0.61 0.58 0.62 0.64
Leverage Ratio		 2.88 2.75 2.68 2.71 2.74 2.83 2.67 2.28 2.23 2.31 2.25
Compound Leverage Factor		 8.60 -0.31 1.43 -1.19 -0.51 6.50 -1.17 0.74 1.22 1.05 0.14
Debt to Total Capital		 53.32% 52.42% 51.76% 51.77% 51.00% 53.45% 51.92% 34.24% 35.02% 34.73% 34.75%
Short-Term Debt to Total Capital		 0.27% 0.25% 0.04% 0.04% 16.03% 0.03% 0.02% 0.01% 2.77% 3.01% 3.11%
Long-Term Debt to Total Capital		 53.06% 52.17% 51.72% 51.73% 34.97% 53.42% 51.90% 34.23% 32.25% 31.72% 31.64%
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		 46.68% 47.58% 48.24% 48.23% 49.00% 46.55% 48.08% 65.76% 64.98% 65.27% 65.25%
Debt to EBITDA		 10.84 12.07 6.01 5.77 4.87 5.97 9.34 5.63 5.30 3.63 3.59
Net Debt to EBITDA		 8.98 9.78 5.04 4.77 4.00 4.96 8.23 4.25 3.66 2.64 2.75
Long-Term Debt to EBITDA		 10.79 12.02 6.00 5.76 3.34 5.96 9.33 5.63 4.88 3.31 3.26
Debt to NOPAT		 66.25 77.22 -0.11 -0.39 -80.42 11.66 28.90 17.76 13.13 10.69 9.56
Net Debt to NOPAT		 54.84 62.56 -0.09 -0.32 -66.18 9.69 25.47 13.42 9.05 7.78 7.34
Long-Term Debt to NOPAT		 65.92 76.86 -0.11 -0.39 -55.14 11.65 28.89 17.76 12.09 9.77 8.70
Altman Z-Score		 1.42 1.58 1.92 2.08 1.97 2.10 2.01 2.69 3.67 3.79 3.25
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		 4.86 4.85 6.04 5.63 1.88 4.34 5.53 4.78 3.93 3.53 3.86
Quick Ratio		 2.22 2.30 2.79 2.65 0.88 2.09 2.57 2.32 1.99 1.66 1.74
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.84 23 15 -7.40 -33 -11 -19 -31 -30 -75 -34
Operating Cash Flow to CapEx		 349.71% 406.07% -152.12% 244.13% 314.78% 711.51% -466.00% 456.68% 483.01% 71.11% 14.42%
Free Cash Flow to Firm to Interest Expense		 -0.13 3.75 1.32 -0.89 -3.98 -1.10 -2.50 -4.23 -4.91 -9.10 -6.30
Operating Cash Flow to Interest Expense		 1.10 1.74 -0.48 0.74 1.36 1.04 -2.21 2.06 3.64 2.39 0.22
Operating Cash Flow Less CapEx to Interest Expense		 0.78 1.31 -0.79 0.44 0.93 0.89 -2.69 1.61 2.88 -0.97 -1.28
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.45 0.46 0.48 0.48 0.49 0.49 0.50 0.50 0.51 0.53 0.55
Accounts Receivable Turnover		 5.10 4.93 5.14 5.09 5.26 4.86 4.53 4.50 4.82 4.66 4.56
Inventory Turnover		 1.59 1.60 1.64 1.67 1.68 1.73 1.72 1.74 1.72 1.82 1.81
Fixed Asset Turnover		 9.22 9.19 9.63 9.94 10.17 10.39 10.32 10.45 10.70 8.71 8.69
Accounts Payable Turnover		 11.21 9.86 13.08 12.02 12.43 8.93 12.75 9.36 10.86 9.24 10.83
Days Sales Outstanding (DSO)		 71.61 74.09 71.02 71.75 69.34 75.17 80.62 81.20 75.71 78.39 80.12
Days Inventory Outstanding (DIO)		 229.46 228.74 222.12 217.98 217.78 211.21 212.30 209.64 212.43 200.03 201.95
Days Payable Outstanding (DPO)		 32.55 37.02 27.91 30.36 29.36 40.86 28.64 38.99 33.62 39.51 33.71
Cash Conversion Cycle (CCC)		 268.52 265.81 265.23 259.37 257.76 245.52 264.29 251.85 254.53 238.91 248.37
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 529 536 560 557 566 548 581 591 607 627 639
Invested Capital Turnover		 0.64 0.65 0.66 0.68 0.70 0.72 0.68 0.71 0.72 0.75 0.75
Increase / (Decrease) in Invested Capital		 -0.03 -21 -0.22 12 37 13 21 34 42 79 58
Enterprise Value (EV)		 879 985 1,134 1,332 1,376 1,462 1,314 1,493 2,161 2,334 1,938
Market Capitalization		 622 734 869 1,070 1,115 1,198 1,034 1,328 1,998 2,161 1,754
Book Value per Share		 $6.63 $6.86 $7.14 $7.07 $7.27 $6.59 $7.00 $9.83 $9.30 $9.46 $9.41
Tangible Book Value per Share		 ($3.49) ($3.36) ($2.86) ($2.72) ($2.59) ($2.89) ($2.54) $0.18 $0.59 $0.79 $0.92
Total Capital		 583 592 612 612 622 593 612 639 675 687 690
Total Debt		 311 310 317 317 317 317 318 219 236 239 240
Total Long-Term Debt		 309 309 316 316 217 317 318 219 218 218 218
Net Debt		 257 251 265 262 261 264 280 165 163 174 184
Capital Expenditures (CapEx)		 2.07 2.67 3.61 2.51 3.64 1.43 3.64 3.29 4.61 28 8.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 160 165 180 180 179 170 198 199 197 212 231
Debt-free Net Working Capital (DFNWC)		 214 224 231 235 235 223 235 252 270 277 286
Net Working Capital (NWC)		 212 223 231 234 135 223 235 252 252 257 265
Net Nonoperating Expense (NNE)		 8.93 6.20 7.39 6.68 5.36 18 2.01 1.89 5.05 1.54 23
Net Nonoperating Obligations (NNO)		 257 254 265 262 261 272 287 171 169 178 189
Total Depreciation and Amortization (D&A)		 5.76 5.82 5.91 5.89 6.11 6.30 5.45 5.54 5.72 5.76 6.34
Debt-free, Cash-free Net Working Capital to Revenue		 47.16% 46.70% 48.91% 47.65% 46.41% 43.75% 50.71% 49.07% 46.60% 48.11% 50.26%
Debt-free Net Working Capital to Revenue		 62.90% 63.35% 62.80% 62.25% 61.01% 57.51% 60.37% 62.27% 63.98% 62.81% 62.42%
Net Working Capital to Revenue		 62.45% 62.94% 62.72% 62.17% 35.11% 57.46% 60.34% 62.25% 59.54% 58.13% 57.73%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.24) ($0.10) $0.18 ($0.05) ($0.05) ($0.40) ($0.01) $0.03 $0.14 $0.06 $0.03
Adjusted Weighted Average Basic Shares Outstanding		 40.88M 40.74M 41.29M 41.68M 41.84M 41.68M 42.23M 44.30M 47.23M 45.34M 48.07M
Adjusted Diluted Earnings per Share		 ($0.24) ($0.10) $0.18 ($0.05) ($0.05) ($0.40) ($0.01) $0.03 $0.13 $0.06 $0.03
Adjusted Weighted Average Diluted Shares Outstanding		 40.88M 40.74M 47.89M 41.68M 41.84M 41.68M 42.23M 45.38M 48.78M 47.16M 49.73M
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		 41.05M 41.23M 41.73M 41.89M 41.92M 42.05M 42.70M 47.18M 47.37M 47.88M 48.54M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.87 2.22 15 4.55 3.07 1.87 1.50 5.87 8.33 7.48 4.05
Normalized NOPAT Margin		 -0.99% 2.37% 15.31% 4.65% 3.21% 1.92% 1.52% 5.19% 7.34% 6.45% 3.48%
Pre Tax Income Margin		 -10.72% -0.63% 13.12% -2.48% -1.32% -17.06% -2.32% 3.08% 6.22% 5.64% 0.29%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.48 0.84 2.08 0.67 0.81 -0.74 0.68 1.47 2.11 1.76 1.03
NOPAT to Interest Expense		 -0.13 0.36 1.30 0.55 0.37 0.19 0.20 0.45 1.89 0.48 4.51
EBIT Less CapEx to Interest Expense		 -0.79 0.41 1.77 0.36 0.37 -0.89 0.21 1.02 1.36 -1.60 -0.47
NOPAT Less CapEx to Interest Expense		 -0.45 -0.07 0.98 0.25 -0.07 0.05 -0.28 -0.01 1.13 -2.87 3.02
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%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor‑oriented view of Artivion, Inc. (AORT) using the last four years of quarterly statements provided. The focus is on trends in revenue, margins, cash flow, and balance sheet strength to help gauge the company’s trajectory and liquidity.

  • Revenue growth and stable gross margins in 2025. Operating revenue rose from about $98.98M in Q1 2025 to roughly $116.0M in Q4 2025, while Total Gross Profit remained strong, yielding gross margins consistently in the mid‑60% range (around 63–66%).
  • Net income turning positive in Q4 2025. After earlier quarterly losses, Net Income/Net Income Attributable to Common Shareholders reached about $2.43M in Q4 2025, reflecting improved profitability.
  • Operating cash flow improving and generally positive in 2025. Net Cash From Continuing Operating Activities was solid in 2025 (e.g., about $22.26M in Q3 2025 and $19.56M in Q4 2025), supporting overall cash generation from operations.
  • Improving cash balance and liquidity by 2025. Cash & Equivalents rose through 2025, with a notable balance around $73.4M on the balance sheet by Q3 2025, indicating improved liquidity vs. earlier periods.
  • Leverage remains manageable and balance sheet is solidly funded by equity. Total Liabilities of roughly $419M and Total Equity of about $439M in Q3 2025 imply a reasonable debt load given equity backing (debt-to-equity roughly around 0.7x).
  • Gross margin stability suggests pricing and cost control are intact. Consistent gross margins in the mid‑60% range across 2025 indicate durable product pricing and steady cost of revenue performance.
  • Operating expenses fluctuate with revenue and investments. Selling, General & Administrative and R&D expenses vary quarter to quarter, contributing to shifts in operating margin (e.g., weaker margins in some quarters of 2025 due to expense levels).
  • Earnings per share are impacted by share count, creating some volatility. Basic and diluted EPS swing between quarters (e.g., 0.14 in Q3 2025 vs. 0.06 in Q4 2025) largely reflects changes in weighted shares outstanding and timing of gains rather than a uniform trend in profitability.
  • Near‑term cash outflows tied to investing activities. In Q4 2025, net cash from investing activities was negative (about −$30.5M), contributing to a quarterly cash decrease despite strong operating cash flow.
  • Q1 2025 and earlier quarters still show periods of net losses. Several quarters in the prior four years show negative net income, highlighting ongoing profitability challenges before the 2025 upturn.

Bottom line: Artivion demonstrates an improving earnings trajectory in 2025, with healthy gross margins, positive operating cash flow in the latter half of the year, and a stronger liquidity position. While near‑term investing activity and some quarterly profit variability remain headwinds, the combination of solid gross profitability and improving cash generation supports a cautiously optimistic longer‑term view for investors, especially as management continues to scale operations and control costs. As always, continued monitoring of quarterly cashflow dynamics, debt levels, and margin progression will be key for assessing longer‑term sustainability.

05/28/26 12:36 PM ETAI Generated. May Contain Errors.

Artivion Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Artivion's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Artivion's net income appears to be on an upward trend, with a most recent value of $9.77 million in 2025, rising from $4.01 million in 2015. The previous period was -$13.36 million in 2024. See Artivion's forecast for analyst expectations on what's next for the company.

Artivion's total operating income in 2025 was $33.75 million, based on the following breakdown:
  • Total Gross Profit: $284.23 million
  • Total Operating Expenses: $250.48 million

Over the last 10 years, Artivion's total revenue changed from $145.90 million in 2015 to $441.33 million in 2025, a change of 202.5%.

Artivion's total liabilities were at $436.56 million at the end of 2025, a 14.9% decrease from 2024, and a 1,583.8% increase since 2015.

In the past 10 years, Artivion's cash and equivalents has ranged from $33.77 million in 2019 to $64.91 million in 2025, and is currently $64.91 million as of their latest financial filing in 2025.

Over the last 10 years, Artivion's book value per share changed from 5.46 in 2015 to 9.46 in 2025, a change of 73.4%.


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Financial statements for NYSE:AORT last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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