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Stocks · Health care · Surgical & Medical Instruments & Apparatus

LEMAITRE VASCULAR INC

LMAT Clue Score71
United States Fiscal year ends December CIK 0001158895
$80.69 +1.32% Close, 9 Oct 2026
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Price $80.69 +53.70% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue89.2Operating income16.3Net income10.6EPS, diluted0.55Fiscal year 2017Revenue100.9 +13.1%Operating income21.1Net income17.2 +62.2%EPS, diluted0.86 +56.4%Fiscal year 2018Revenue105.6 +4.7%Operating income28.2Net income22.9 +33.6%EPS, diluted1.13 +31.4%Fiscal year 2019Revenue117.2 +11.0%Operating income21.2Net income17.9 −21.8%EPS, diluted0.88 −22.1%Fiscal year 2020Revenue129.4 +10.4%Operating income28.8Net income21.2 +18.3%EPS, diluted1.04 +18.2%Fiscal year 2021Revenue154.4 +19.4%Operating income36.4Net income26.9 +26.8%EPS, diluted1.25 +20.2%Fiscal year 2022Revenue161.7 +4.7%Operating income26.8Net income20.6 −23.3%EPS, diluted0.93 −25.6%Fiscal year 2023Revenue193.5 +19.7%Operating income36.7Net income30.1 +45.9%EPS, diluted1.34 +44.1%Fiscal year 2024Revenue219.9 +13.6%Operating income52.3Net income44.0 +46.3%EPS, diluted1.93 +44.0%Fiscal year 2025Revenue249.6 +13.5%Operating income67.9Net income57.7 +31.1%EPS, diluted2.52 +30.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 89.2 100.9 105.6 117.2 129.4 154.4 161.7 193.5 219.9 249.6
Growth +13.1% +4.7% +11.0% +10.4% +19.4% +4.7% +19.7% +13.6% +13.5%
Operating income 16.3 21.1 28.2 21.2 28.8 36.4 26.8 36.7 52.3 67.9
Net income 10.6 17.2 22.9 17.9 21.2 26.9 20.6 30.1 44.0 57.7
Growth +62.2% +33.6% −21.8% +18.3% +26.8% −23.3% +45.9% +46.3% +31.1%
EPS, diluted 0.55 0.86 1.13 0.88 1.04 1.25 0.93 1.34 1.93 2.52
Growth +56.4% +31.4% −22.1% +18.2% +20.2% −25.6% +44.1% +44.0% +30.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin70.6%Operating margin18.3%Net margin11.9%Free cash flow margin15.8%Fiscal year 2017Gross margin70.1%Operating margin20.9%Net margin17.0%Free cash flow margin16.3%Fiscal year 2018Gross margin70.0%Operating margin26.7%Net margin21.7%Free cash flow margin15.6%Fiscal year 2019Gross margin68.1%Operating margin18.1%Net margin15.3%Free cash flow margin8.9%Fiscal year 2020Gross margin65.4%Operating margin22.3%Net margin16.4%Free cash flow margin24.6%Fiscal year 2021Gross margin65.7%Operating margin23.6%Net margin17.4%Free cash flow margin19.6%Fiscal year 2022Gross margin64.9%Operating margin16.6%Net margin12.8%Free cash flow margin13.7%Fiscal year 2023Gross margin65.7%Operating margin19.0%Net margin15.6%Free cash flow margin15.2%Fiscal year 2024Gross margin68.6%Operating margin23.8%Net margin20.0%Free cash flow margin16.9%Fiscal year 2025Gross margin71.5%Operating margin27.2%Net margin23.1%Free cash flow margin29.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 70.6% 70.1% 70.0% 68.1% 65.4% 65.7% 64.9% 65.7% 68.6% 71.5%
Operating margin 18.3% 20.9% 26.7% 18.1% 22.3% 23.6% 16.6% 19.0% 23.8% 27.2%
Net margin 11.9% 17.0% 21.7% 15.3% 16.4% 17.4% 12.8% 15.6% 20.0% 23.1%
Free cash flow margin 15.8% 16.3% 15.6% 8.9% 24.6% 19.6% 13.7% 15.2% 16.9% 29.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow16.9Capital expenditure−2.8Free cash flow14.1Buybacks−0.3Dividends paid−3.3Fiscal year 2017Operating cash flow22.9Capital expenditure−6.4Free cash flow16.5 +17.0%Buybacks−0.8Dividends paid−4.2Fiscal year 2018Operating cash flow19.5Capital expenditure−3.1Free cash flow16.5 +0.0%Buybacks−0.7Dividends paid−5.4Fiscal year 2019Operating cash flow14.2Capital expenditure−3.8Free cash flow10.4 −36.7%Buybacks−0.7Dividends paid−6.7Fiscal year 2020Operating cash flow34.8Capital expenditure−3.0Free cash flow31.8 +205.4%Buybacks−0.6Dividends paid−7.7Fiscal year 2021Operating cash flow35.1Capital expenditure−4.9Free cash flow30.2 −5.0%Buybacks−0.8Dividends paid−9.3Fiscal year 2022Operating cash flow25.4Capital expenditure−3.2Free cash flow22.1 −26.7%Buybacks−0.6Dividends paid−11.0Fiscal year 2023Operating cash flow36.8Capital expenditure−7.3Free cash flow29.5 +33.1%Buybacks−0.9Dividends paid−12.4Fiscal year 2024Operating cash flow44.1Capital expenditure−7.0Free cash flow37.2 +26.0%Buybacks−1.7Dividends paid−14.4Fiscal year 2025Operating cash flow81.3Capital expenditure−6.8Free cash flow74.5 +100.4%Buybacks−1.8Dividends paid−18.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 16.9 22.9 19.5 14.2 34.8 35.1 25.4 36.8 44.1 81.3
Capital expenditure −2.8 −6.4 −3.1 −3.8 −3.0 −4.9 −3.2 −7.3 −7.0 −6.8
Free cash flow 14.1 16.5 16.5 10.4 31.8 30.2 22.1 29.5 37.2 74.5
Growth +17.0% +0.0% −36.7% +205.4% −5.0% −26.7% +33.1% +26.0% +100.4%
Buybacks −0.3 −0.8 −0.7 −0.7 −0.6 −0.8 −0.6 −0.9 −1.7 −1.8
Dividends paid −3.3 −4.2 −5.4 −6.7 −7.7 −9.3 −11.0 −12.4 −14.4 −18.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash24.3Shareholders’ equity87.5Fiscal year 2017Cash19.1Shareholders’ equity109.8Fiscal year 2018Cash26.3Shareholders’ equity130.2Fiscal year 2019Cash11.8Shareholders’ equity148.1Fiscal year 2020Cash26.8Shareholders’ equity172.6Fiscal year 2021Cash13.9Shareholders’ equity254.2Fiscal year 2022Cash19.1Shareholders’ equity268.2Fiscal year 2023Cash24.3Shareholders’ equity297.9Fiscal year 2024Cash25.6Shareholders’ equity337.3Fiscal year 2025Cash28.2Shareholders’ equity393.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 24.3 19.1 26.3 11.8 26.8 13.9 19.1 24.3 25.6 28.2
Shareholders’ equity 87.5 109.8 130.2 148.1 172.6 254.2 268.2 297.9 337.3 393.5

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
89.2 100.9 105.6 117.2 129.4 154.4 161.7 193.5 219.9 249.6
Growth +13.1% +4.7% +11.0% +10.4% +19.4% +4.7% +19.7% +13.6% +13.5%
26.2 30.2 31.6 37.4 44.7 53.0 56.8 66.4 69.0 71.1
62.9 70.7 73.9 79.9 84.6 101.4 104.9 127.0 150.9 178.5
Growth +12.3% +4.6% +8.0% +6.0% +19.8% +3.5% +21.1% +18.8% +18.3%
6.1 6.6 8.2 9.3 10.1 11.8 13.3 17.0 15.7 14.1
14.4 17.0 17.7 19.1 22.5 25.5 28.7 31.8 36.3 42.0
16.3 21.1 28.2 21.2 28.8 36.4 26.8 36.7 52.3 67.9
Growth +29.2% +33.7% −24.9% +35.9% +26.5% −26.3% +36.8% +42.3% +30.0%
16.2 21.1 28.4 21.7 27.4 34.3 27.5 39.5 56.9 75.2
5.7 3.9 5.5 3.7 6.1 7.4 6.9 9.4 12.8 17.5
10.6 17.2 22.9 17.9 21.2 26.9 20.6 30.1 44.0 57.7
Growth +62.2% +33.6% −21.8% +18.3% +26.8% −23.3% +45.9% +46.3% +31.1%
Per share
0.57 0.91 1.18 0.91 1.05 1.27 0.94 1.36 1.96 2.55
0.55 0.86 1.13 0.88 1.04 1.25 0.93 1.34 1.93 2.52
Growth +56.4% +31.4% −22.1% +18.2% +20.2% −25.6% +44.1% +44.0% +30.6%
18.5 19.0 19.4 19.8 20.2 21.2 22.0 22.2 22.5 22.6
19.2 20.0 20.2 20.3 20.5 21.5 22.2 22.4 22.8 22.9
Growth +4.1% +1.0% +0.4% +0.8% +4.9% +3.2% +1.1% +1.6% +0.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 14.0% a year over five years, and earnings per share grew 19.4% a year.
  • The diluted share count rose 12.0% in five years, which is dilution.
  • Operating margin is up 5.0 points on five years ago, at 27.2%.
  • Profitable in every one of the 10 years on file.