Koru Medical Systems, Inc. key statistics and ratios

In fiscal 2025, Koru Medical Systems, Inc. had return on equity of -15.6%, an operating margin of -7.2%, debt equal to 0.0% of equity and a current ratio of 2.44. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Koru Medical Systems, Inc.: financial ratios, annual
Fiscal year	2011Feb 2011	2012Feb 2012	2013Feb 2013	2014Feb 2014	2015Feb 2015	2016Feb 2016	2017Feb 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	—	—	—	61.0%	59.5%	62.1%	61.6%	62.3%	64.1%	61.8%	58.6%	55.1%	58.6%	63.4%	62.3%	62.4%
Operating margin	24.3%	20.2%	13.7%	11.6%	10.2%	9.6%	−6.0%	6.7%	2.5%	−5.2%	−29.9%	−38.6%	−36.0%	−19.2%	−7.2%	−3.7%
Net margin	14.3%	12.8%	9.3%	8.1%	6.7%	6.4%	−4.4%	5.2%	2.4%	−5.0%	−19.4%	−31.0%	−48.2%	−18.0%	−6.4%	−4.0%
Free-cash-flow margin	16.8%	5.1%	2.8%	8.8%	2.1%	14.6%	−4.3%	6.8%	0.5%	−6.9%	−19.9%	−29.3%	−19.9%	−4.8%	−1.1%	1.7%
Return on equity	28.4%	27.1%	18.4%	14.7%	13.1%	11.7%	−7.8%	11.6%	5.6%	−5.1%	−12.6%	−25.5%	−53.2%	−32.6%	−15.6%	−10.4%
Return on assets	20.5%	19.8%	14.0%	11.9%	11.2%	10.0%	−6.5%	9.7%	4.6%	−4.5%	−11.2%	−20.7%	−38.8%	−21.8%	−9.5%	−6.5%
Asset turnover	1.43	1.55	1.49	1.47	1.67	1.56	1.48	1.85	1.90	0.90	0.58	0.67	0.81	1.21	1.48	1.61
Current ratio	9.60	7.61	8.82	6.86	8.54	6.43	4.88	5.70	4.94	10.23	7.79	4.28	4.55	2.66	2.44	2.72
Debt to equity	0.2%	13.7%	10.1%	—	0.0%	0.0%	—	0.0%	0.0%	0.0%	1.4%	1.4%	1.5%	1.6%	0.0%	0.0%
Interest cover (operating income ÷ interest)	32.8x	40.9x	37.6x	—	—	—	n/m	—	—	—	—	—	—	—	—	—
Effective tax rate	41.0%	36.3%	30.1%	30.4%	29.9%	31.5%	—	22.6%	19.0%	−1.5%	—	—	—	—	—	—
R&D as % of revenue	0.7%	1.4%	1.9%	2.5%	4.2%	1.7%	1.9%	1.4%	3.2%	5.4%	10.5%	17.8%	20.1%	15.6%	10.7%	9.9%
SG&A as % of revenue	40.0%	41.6%	45.6%	44.3%	42.6%	48.5%	63.2%	47.2%	42.2%	49.8%	76.0%	73.9%	71.4%	64.3%	56.8%	54.4%
Capital spending as % of revenue	4.1%	3.7%	7.3%	2.2%	5.3%	1.0%	1.7%	1.7%	0.9%	3.8%	1.5%	9.9%	2.7%	3.9%	2.3%	1.4%
Free cash flow ÷ net income	117.6%	39.8%	30.5%	108.9%	31.2%	229.0%	—	129.9%	21.2%	—	—	—	—	—	—	—
Dividends and buybacks ÷ free cash flow	—	—	—	—	10.3%	—	—	—	2.4%	—	—	—	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Koru Medical Systems, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	63.4%	62.9%	62.8%	63.5%	60.2%	62.6%	61.5%	65.1%
Operating margin	−20.8%	−18.0%	−12.9%	−3.1%	−8.3%	−5.0%	−7.4%	5.2%
Net margin	−19.3%	−17.7%	−12.1%	−2.0%	−7.5%	−4.5%	−6.9%	2.1%
Free-cash-flow margin	−24.5%	11.1%	−7.1%	−4.8%	0.1%	6.3%	−0.3%	0.9%
Current ratio	2.99	2.66	2.44	2.91	2.48	2.44	2.33	2.72
R&D as % of revenue	18.8%	12.6%	11.6%	11.7%	9.0%	10.5%	11.2%	8.9%
SG&A as % of revenue	62.7%	65.9%	61.9%	52.8%	57.6%	55.4%	55.9%	49.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · June 30, 2026

What it owns · $28m

Short-term assets $20mLonger-term assets $8m

What it owes, and who funded it · $28m

Short-term liabilities $7mLonger-term liabilities $3mShareholders' equity $18m

Short-term assets cover short-term liabilities $20m of assets due within a year against $7m of liabilities due within a year.
Short-term assets cover long-term liabilities $20m short-term assets against $3m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Koru Medical Systems, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

46 /100

Moderate moat

How hard Koru Medical Systems's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 4 / 20

Cash operating profit has been a median 4.3% of total assets over 10 years.
Pricing power 19 / 20

Gross margin has been a median 61.8%, moving by 2.6 percentage points (standard deviation) across 10 years.
Durability 10 / 20

Operating margin has been a median -8.4%; its worst year was -40.2%.
Cash conversion 4 / 20

Free cash flow was positive in 4 of 10 years, at a median -4.8% of revenue.
Discipline 9 / 20

The diluted share count rose 7.1% over five years; stock-based pay has been a median 6.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Koru Medical Systems, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Koru Medical Systems, Inc.