Conmed Corp income statement
In fiscal 2025, Conmed Corp reported revenue of $1.37bn, up 5.2% on the year before, operating income of $103m (a 7.5% margin) and net income of $47.1m, or $1.51 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 695 | 714 | 725 | 767 | 763 | 740 | 719 | 764 | 796 | 860 | 955 | 862 | 1,011 | 1,045 | 1,245 | 1,307 | 1,375 |
| Cost of revenue | 357 | 348 | 350 | 361 | 350 | 336 | 337 | 355 | 365 | 391 | 430 | 402 | 443 | 474 | 568 | 574 | 624 |
| Gross profit | 337 | 365 | 375 | 406 | 412 | 404 | 382 | 408 | 431 | 469 | 525 | 460 | 568 | 571 | 676 | 733 | 750 |
| Research and development | 32 | 30 | 29 | 28 | 26 | 28 | 27 | 32 | 32 | 42 | 45 | 40 | 44 | 47 | 53 | 54 | 56 |
| Selling, general and administrative | 266 | 276 | 277 | 302 | 330 | 323 | 303 | 338 | 352 | 356 | 400 | 374 | 415 | 454 | 503 | 478 | 592 |
| Operating income | 28 | 57 | 8 | 65 | 57 | 53 | 51 | 38 | 47 | 71 | 79 | 46 | 110 | 70 | 121 | 200 | 103 |
| Interest expense | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 15 | 18 | 21 | 43 | 44 | 35 | 29 | 40 | 37 | 31 |
| Income before tax | 18 | 46 | −2 | 59 | 51 | 47 | 45 | 19 | 29 | 51 | 31 | 2 | 73 | −71 | 81 | 163 | 71 |
| Income tax | 6 | 15 | −3 | 19 | 15 | 14 | 15 | 5 | −27 | 10 | 3 | −8 | 11 | 10 | 16 | 31 | 24 |
| Net income | 12 | 30 | 1 | 40 | 36 | 32 | 30 | 15 | 55 | 41 | 29 | 10 | 63 | −81 | 64 | 132 | 47 |
| Diluted EPS | $0.42 | $1.05 | $0.03 | $1.41 | $1.28 | $1.16 | $1.09 | $0.52 | $1.97 | $1.41 | $0.97 | $0.32 | $1.94 | −$2.68 | $2.04 | $4.25 | $1.51 |
| Diluted shares (average) | 29m | 29m | 29m | 29m | 28m | 28m | 28m | 28m | 28m | 29m | 29m | 29m | 32m | 30m | 32m | 31m | 31m |
| EBITDA | 47 | 74 | 27 | 84 | 75 | 73 | 70 | 58 | 67 | 90 | 98 | 64 | 126 | 86 | 137 | 217 | 120 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 317 | 346 | 321 | 342 | 338 | 373 | 343 | 336 |
| Cost of revenue | 138 | 148 | 144 | 154 | 172 | 155 | 146 | 146 |
| Gross profit | 179 | 198 | 178 | 188 | 166 | 218 | 197 | 189 |
| Research and development | 14 | 13 | 13 | 14 | 14 | 15 | 16 | 16 |
| Selling, general and administrative | 100 | 133 | 149 | 136 | 140 | 167 | 146 | 136 |
| Operating income | 66 | 52 | 16 | 38 | 12 | 37 | 36 | 37 |
| Interest expense | 9 | 9 | 8 | 8 | 8 | 7 | 8 | 11 |
| Income before tax | 56 | 44 | 8 | 30 | 4 | 29 | 31 | 26 |
| Income tax | 7 | 10 | 2 | 8 | 1 | 13 | 8 | 6 |
| Net income | 49 | 34 | 6 | 21 | 3 | 17 | 23 | 20 |
| Diluted EPS | $1.57 | $1.08 | $0.19 | $0.69 | $0.09 | $0.54 | $0.77 | $0.66 |
| EBITDA | 70 | 57 | 20 | 43 | 16 | 41 | — | 41 |
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