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Milestone Scientific Inc. (MLSS) stock

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NYSE: MLSS NYSE Health Care Equipment Next results ~November 12, 2026

C Fundamentals grade

Milestone Scientific Inc. is a US-listed company in the health care equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.1

Revenue-to-maturity cash-flow model

Base case. Range ~$0.1–$0.1 across our lower- and higher-growth cases (0%–8.7% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Milestone Scientific Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds8 adding, 8 cuttingOf 2 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Milestone Scientific files

Where Milestone Scientific stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $9m, up 3.7% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to -7.0% from -45.5% a year earlier. Operating margin widened to -43.6% from -77.0%. The diluted share count is up 5.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 4 financial-health checks. Our revenue-to-maturity cash-flow model value is $0.11 a share, against a share price of $0.32.

Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Milestone Scientific Inc.'s trailing-twelve-month revenue grew 3.7% year on year, with a free-cash-flow margin of -7.0%.

Current signal Gross margin compressing: TTM gross margin fell to 70.2%, down 2.6pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 33.4 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -43.6%: costs exceed revenue.
  • Burning cash. Free cash flow was -7.0% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 5.9% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 81% and a beta of 0.9 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.6 points on a year ago.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 13, 2026
Earnings per share
-$0.01 against an average estimate of -$0.01: beat by 0.0%
Revenue
$3m, up 22.3% on a year earlier
Next report
November 12, 2026; average EPS estimate -$0.01

Milestone Scientific's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+6.7%
  • 1 week+6.7%
  • 1 month-15.8%
  • This year+18.5%
  • 1 year-23.8%
  • 5 years-86.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$9.4M
Operating margin
-43.6%
Net margin
-44.0%
EPS (TTM, diluted)
$-0.05

Growth

Revenue growth
+3.7%
Change in growth rate
+0.4 pts
Share count change
+5.9%

Cash

Free cash flow (TTM)
-$657,758
FCF margin
-7.0%
Stock pay % of revenue
10.3%

Earnings

Last results
April 5, 2005

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Milestone Scientific Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Milestone Scientific Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$0.1 ~$0.1–$0.1 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.1 ~$0.1–$0.5 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.1 ~$0.1–$0.1 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Milestone Scientific Inc. with Health Care Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$2.35$1.40$1.18$0.33$1.39$2.12$2.06$0.48$0.69$0.96$0.27$0.32
Market value$50m$38m$39m$12m$64m$134m$142m$34m$50m$77m$22m$27m
+ Net debt (− = net cash)−$4m−$4m−$3m−$2m−$2m−$14m−$15m−$9m−$3m−$3m−$300000$0
Enterprise value$46m$34m$36m$10m$62m$120m$127m$25m$47m$73m$22m$27m
Multiples
Price / sales 5.3x3.6x3.4x1.2x7.6x24.6x13.8x3.8x5.1x8.9x2.5x2.9x
Price / earnings ————————————
Price / free cash flow ————————————
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

27 /100

Weak moat

How hard Milestone Scientific'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 0 / 20

    Cash operating profit has been a median -32.6% of total assets over 10 years.

  • Pricing power 15 / 20

    Gross margin has been a median 62.5%, moving by 7.3 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -75.4%; its worst year was -110.9%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 2 of 9 years, at a median -28.7% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 21.6% over five years; stock-based pay has been a median 9.9% 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.

Forecasts and guidance

Next results: November 12, 2026. Analysts expect revenue of $2m and EPS of −$0.01 (range −$0.01 to −$0.01) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.04 +43% $10m +11%
Next −$0.04 +13% $11m +14%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is 0.0% on 90 days ago. In the last 30 days, 0 analysts raised Milestone Scientific Inc.'s forecast and 1 cut it.

Consensus EPS forecast Milestone Scientific Inc., last 90 days
−$0.04 −$0.03 −$0.02 −$0.01 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.04 Current fiscal year, 60 days ago: −$0.04 Current fiscal year, 30 days ago: −$0.04 Current fiscal year, 7 days ago: −$0.04 Current fiscal year, Now: −$0.04 −$0.04 Next fiscal year, 90 days ago: −$0.04 Next fiscal year, 60 days ago: −$0.04 Next fiscal year, 30 days ago: −$0.04 Next fiscal year, 7 days ago: −$0.04 Next fiscal year, Now: −$0.04 −$0.04

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.04−$0.04
60 days ago −$0.04−$0.04
30 days ago −$0.04−$0.04
7 days ago −$0.04−$0.04
Now −$0.04−$0.04

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.01 −$0.01 0.0%
Mar 2026 −$0.01 −$0.01 +33.3%
Dec 2025 −$0.01 −$0.01 +33.3%
Sept 2025 −$0.01 −$0.01 0.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, April 5, 2005

No numeric guidance in Milestone Scientific Inc.'s latest earnings release (filed April 5, 2005). Some companies give their outlook only on the earnings call.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112

Counts of recommendations published by analysts covering Milestone Scientific Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.1%
of tradable shares
Days to cover
0.86
at average volume
Short interest, 1 month
−11%
to October 15, 2026
Held by institutions
5%
of shares
Held by insiders
16.0%
of shares
Employees
15
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −23.8%

$0.42 on October 31, 2025 to $0.32

ThenNowEffect
Revenue (last 12 months) $9m $9m +3.7%
P/S multiple 3.7x 2.9x −22.2%
Share count 81m 86m −5.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −62.4%

$0.85 on November 3, 2023 to $0.32

ThenNowEffect
Revenue (last 12 months) $10m $9m −5.4%
P/S multiple 6.1x 2.9x −52.6%
Share count 72m 86m −16.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MLSS−3%−77%+44%+39%−72%+19%
Industry peers (median)−9%−37%−9%−20%−16%−15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MLSS50%33%42%42%17%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MLSS−67%−81%−57%−44%−80%−46%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 95% from March 10, 2021 to February 4, 2026. Getting back needed a 1768% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.25 – $0.55
From 52-week high
−41.8%
vs 50-day average
−18.5%
vs 200-day average
−9.8%
Volatility (1 year)
81%
Beta vs S&P 500
0.95

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Milestone Scientific Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Milestone Scientific Inc.
$8M $8.5M $9M $9.5M $10M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $9.8M Revenue (TTM), FY23 Q4: $9.8M Revenue (TTM), FY24 Q1: $9.5M Revenue (TTM), FY24 Q2: $8.4M Revenue (TTM), FY24 Q3: $8.9M Revenue (TTM), FY24 Q4: $8.6M Revenue (TTM), FY25 Q1: $8.6M Revenue (TTM), FY25 Q2: $9.1M Revenue (TTM), FY25 Q3: $8.9M Revenue (TTM), FY25 Q4: $9M Revenue (TTM), FY26 Q1: $8.9M Revenue (TTM), FY26 Q2: $9.4M $9.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $9.8M
FY23 Q4 $9.8M
FY24 Q1 $9.5M
FY24 Q2 $8.4M
FY24 Q3 $8.9M
FY24 Q4 $8.6M
FY25 Q1 $8.6M
FY25 Q2 $9.1M
FY25 Q3 $8.9M
FY25 Q4 $9M
FY26 Q1 $8.9M
FY26 Q2 $9.4M
Revenue growth, TTM YoY Milestone Scientific Inc.
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 4.2% Revenue growth, TTM YoY, FY23 Q4: 11.6% Revenue growth, TTM YoY, FY24 Q1: 8.9% Revenue growth, TTM YoY, FY24 Q2: -15.5% Revenue growth, TTM YoY, FY24 Q3: -9.5% Revenue growth, TTM YoY, FY24 Q4: -12.2% Revenue growth, TTM YoY, FY25 Q1: -9.1% Revenue growth, TTM YoY, FY25 Q2: 7.8% Revenue growth, TTM YoY, FY25 Q3: 0.6% Revenue growth, TTM YoY, FY25 Q4: 4.0% Revenue growth, TTM YoY, FY26 Q1: 3.4% Revenue growth, TTM YoY, FY26 Q2: 3.7% 3.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 4.2%
FY23 Q4 11.6%
FY24 Q1 8.9%
FY24 Q2 -15.5%
FY24 Q3 -9.5%
FY24 Q4 -12.2%
FY25 Q1 -9.1%
FY25 Q2 7.8%
FY25 Q3 0.6%
FY25 Q4 4.0%
FY26 Q1 3.4%
FY26 Q2 3.7%
Operating margin (TTM) Milestone Scientific Inc.
-100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -72.8% Operating margin (TTM), FY23 Q4: -72.3% Operating margin (TTM), FY24 Q1: -76.3% Operating margin (TTM), FY24 Q2: -79.9% Operating margin (TTM), FY24 Q3: -75.4% Operating margin (TTM), FY24 Q4: -78.3% Operating margin (TTM), FY25 Q1: -84.6% Operating margin (TTM), FY25 Q2: -77.0% Operating margin (TTM), FY25 Q3: -74.6% Operating margin (TTM), FY25 Q4: -63.5% Operating margin (TTM), FY26 Q1: -50.8% Operating margin (TTM), FY26 Q2: -43.6% -43.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -72.8%
FY23 Q4 -72.3%
FY24 Q1 -76.3%
FY24 Q2 -79.9%
FY24 Q3 -75.4%
FY24 Q4 -78.3%
FY25 Q1 -84.6%
FY25 Q2 -77.0%
FY25 Q3 -74.6%
FY25 Q4 -63.5%
FY26 Q1 -50.8%
FY26 Q2 -43.6%
FCF margin (TTM) Milestone Scientific Inc.
-150% -100% -50% 0% FY20 Q2 FY21 Q1 FY21 Q4 FY26 Q2 FCF margin (TTM), FY20 Q2: -85.5% FCF margin (TTM), FY20 Q3: -124.3% FCF margin (TTM), FY20 Q4: -128.9% FCF margin (TTM), FY21 Q1: -106.9% FCF margin (TTM), FY21 Q2: -56.3% FCF margin (TTM), FY21 Q3: -44.3% FCF margin (TTM), FY21 Q4: -39.3% FCF margin (TTM), FY22 Q1: -45.5% FCF margin (TTM), FY25 Q3: -47.2% FCF margin (TTM), FY25 Q4: -32.7% FCF margin (TTM), FY26 Q1: -20.6% FCF margin (TTM), FY26 Q2: -7.0% -7.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY20 Q2 -85.5%
FY20 Q3 -124.3%
FY20 Q4 -128.9%
FY21 Q1 -106.9%
FY21 Q2 -56.3%
FY21 Q3 -44.3%
FY21 Q4 -39.3%
FY22 Q1 -45.5%
FY25 Q3 -47.2%
FY25 Q4 -32.7%
FY26 Q1 -20.6%
FY26 Q2 -7.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

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

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 10 8 9 10 10 9 10 11 10 8 5 10 9 10 9 9 9
Gross profit 6 5 6 7 7 6 6 7 4 6 4 6 5 7 6 6 7
EBITDA −1 −1 −1 1 −1 −3 −6 −5 −7 −4 −7 −7 −9 −7 −7 −6 −4
Operating income −1 −1 −1 1 −1 −3 −7 −5 −8 −4 −7 −7 −9 −7 −7 −6 −4
Net income −1 −1 −1 1 −2 −5 −6 −5 −7 −8 −7 −7 −9 −7 −5 −6 −4
Diluted EPS — −$0.10 −$0.05 $0.08 −$0.08 −$0.26 −$0.22 −$0.16 −$0.21 −$0.16 −$0.12 −$0.10 — — −$0.06 −$0.07 −$0.05
Growth (year on year)
Revenue — −14.1% +3.2% +15.8% +3.2% −8.1% +10.4% +7.6% −14.7% −13.0% −35.1% +89.5% −14.5% +11.6% −12.2% +4.0% +3.7%
EBITDA — — — — −169.9% — — — — — — — — — — — —
Operating income — — — — −172.7% — — — — — — — — — — — —
Net income — — — — −216.2% — — — — — — — — — — — —
Diluted EPS — — — — −200.0% — — — — — — — — — — — —
Margins
Gross margin 63.8% 64.0% 64.7% 68.0% 64.9% 67.9% 60.2% 61.8% 46.1% 68.3% 66.6% 61.3% 55.7% 69.1% 74.6% 71.4% 70.2%
EBITDA margin −6.7% −14.3% −5.8% 11.0% −7.5% −31.9% −61.3% −41.3% −74.0% −46.6% −135.3% −70.9% −99.5% −71.7% −77.9% −62.6% −42.7%
Operating margin −7.2% −14.6% −6.0% 10.9% −7.6% −32.2% −62.1% −46.4% −83.1% −47.8% −137.1% −71.6% −100.2% −72.3% −78.3% −63.5% −43.6%
Net margin −6.3% −17.7% −10.1% 14.6% −16.5% −57.6% −56.7% −46.0% −77.2% −89.8% −134.9% −66.2% −98.9% −70.5% −54.6% −63.8% −44.0%
Free-cash-flow margin −3.3% −6.9% −0.6% 12.5% 2.9% −31.8% −51.6% −11.0% −17.0% −21.4% −128.9% −39.3% −68.6% — −34.0% −32.7% −7.0%
Cash flow
Cash from operations −0 −1 −0 1 0 −3 −5 −1 −2 −2 −7 −4 −6 −5 −3 −3 −1
Capital spending 0 0 0 0 0 0 0 0 0 0 0 0 0 — 0 0 0
Free cash flow −0 −1 −0 1 0 −3 −5 −1 −2 −2 −7 −4 −6 — −3 −3 −1
Stock-based pay 0 0 0 0 0 1 2 1 0 0 1 1 1 1 1 1 1
Free cash flow after stock pay −1 −1 −0 1 −0 −4 −7 −2 −2 −2 −8 −5 −8 — −4 −4 −2
Balance sheet
Cash 1 0 0 1 10 4 4 3 2 2 14 15 9 3 3 1 —
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0
Net debt (negative = net cash) −0 0 0 −1 −10 −4 −4 −3 −2 −2 −14 −15 −9 −3 −3 −0 —
Diluted shares — 15m 16m 17m 20m 21m 27m 33m 35m 46m 63m 69m 71m 73m 80m 82m 86m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 4 checks passed · June 30, 2026
What it owns · $8m
Short-term assets $8mLonger-term assets $0m
What it owes, and who funded it · $8m
Short-term liabilities $4mLonger-term liabilities $0mShareholders' equity $3m
  • Short-term assets cover short-term liabilities $8m of assets due within a year against $4m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $8m short-term assets against $479,650 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Debt is 13% of equity.
  • 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 −$642,639 of operating cash flow against $465,982 of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Milestone Scientific 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.

Dividends, buybacks and capital spending

Diluted share count
+5.9%
year over year
R&D spending
5.0%
of revenue
Sales & admin spending
112.6%
of revenue

Competitors: side by side with peers

Closest by revenue in health care equipment
Last 12 months unless stated MLSS NMTC NUWE WOK NNNN NSPR Median
Revenue, last 12 months $9m $9m $9m $10m $9m $11m $99m
Revenue growth, last 12 months 3.7% 42.8% 8.4% −14.4% 5.6% 53.4% 9.2%
Revenue growth, 3-year average −1.9% 94.9% 2.8% — — 26.6% 13.5%
Revenue growth, latest quarter 22.3% 16.3% 14.1% — — −0.4% 10.2%
Gross margin 70.2% 55.6% 69.7% 23.8% 87.2% 18.1% 61.2%
Operating margin −43.6% −83.4% −142.9% — 66.7% −494.0% −8.5%
Operating margin, 3-year average −66.8% −160.3% −138.4% — — −501.9% −17.9%
Net margin −44.0% −78.6% −125.6% −10.9% 74.1% −484.1% −12.0%
Cash from operations / revenue −6.8% −74.5% −138.3% 63.4% −77.9% −380.1% −1.9%
Free-cash-flow margin −7.0% −75.6% −139.7% 49.9% — −391.7% −3.9%
Free-cash-flow margin, 3-year average −53.1% −142.5% −126.7% — — −372.4% −7.0%
Stock pay / revenue 10.3% 14.9% 1.0% — — 98.8% 6.1%
Change in share count 5.9% 41.1% 5.4% 128.1% 3.3% 63.5% 4.0%

Median of all 134 companies we cover in health care equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

134 health care equipment companies
Measure Company Peer median Rank
Revenue growth Growth 3.7% 9.1% 89 of 129
Change in growth rate Growth +0.4pp -0.6pp 52 of 129
Gross margin Profitability 70.2% 61.9% 39 of 123
Operating margin Profitability -43.6% -8.3% 87 of 132
Net margin Profitability -44.0% -12.0% 85 of 133
Free-cash-flow margin Cash generation -7.0% -3.4% 70 of 128
Stock pay as % of revenue Cash generation 10.3% 6.1% 78 of 123
Long-term debt as % of assets Balance sheet 5.6% 24.2% 20 of 87
Change in share count Balance sheet 5.9% 3.3% 77 of 115

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Dental $8.8M ▲ 3.1%
Dental $8.8M ▲ 3.1%
Medical $183,250 ▲ 75.2%
Medical $183,250 ▲ 75.2%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $5M 55.4% ▼ 5.4%
Rest of World $3.7M 41.2% ▲ 9.5%
China $310,000 3.5% —

From Milestone Scientific Inc.'s 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.5M
Institutions reporting
29
Shares held vs prior quarter
▲ 3.9%
Positions opened / closed
1 / 4

Top buyers and sellers, Q2 2026: 8 institutions bought and 8 sold ; the biggest buyer was Vanguard Fiduciary Trust Co (+143K shares) and the biggest seller Citadel Advisors LLC (−167K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Capital Management LLC $665,486 2.1M 44.2% ▲ 4.4%
Geode Capital Management, LLC $206,652 644K 13.7% ▲ 4.4%
Vanguard Fiduciary Trust Co $149,088 464K 9.9% ▲ 44.4%
State Street Corp $85,028 265K 5.6% ▲ 89.4%
Nfsg Corp $45,261 141K 3.0% ▲ 243.9%
Northern Trust Corp $42,715 133K 2.8% ▲ 18.2%
LPL Financial LLC $40,107 125K 2.7% 0.0%
Mariner, LLC $39,082 122K 2.6% 0.0%
Carnegie Investment Counsel $32,156 100K 2.1% 0.0%
Bridgeway Capital Management, LLC $31,940 100K 2.1% 0.0%
World Investment Advisors $29,952 104K 2.0% 0.0%
Blackrock, Inc. $21,010 65K 1.4% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Milestone Scientific Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • April 5, 2005

Recent SEC filings

Data status

When each part of this page on Milestone Scientific Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Milestone Scientific Inc. in brief

What does Milestone Scientific Inc. do?
Milestone Scientific Inc. is a US-listed company in the health care equipment industry. Its financial year ends in December.
What is Milestone Scientific Inc.'s stock ticker?
Milestone Scientific Inc. trades under the ticker MLSS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Milestone Scientific Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Milestone Scientific Inc. reported revenue of $9.4M, 3.7% higher than a year earlier, according to its SEC filings.
What is Milestone Scientific Inc.'s free cash flow?
Milestone Scientific Inc.'s free-cash-flow margin is -7.0% of revenue over the trailing twelve months, ranking 70 of the 128 health care equipment companies we cover.
Who are Milestone Scientific Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Capital Management LLC, Geode Capital Management, LLC and Vanguard Fiduciary Trust Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Milestone Scientific Inc.'s market cap?
On November 2, 2026, Milestone Scientific Inc.'s market capitalisation was about $27.4M and net debt of $0. Market figures come from third-party market data and may be delayed.
How much debt does Milestone Scientific Inc. have?
Milestone Scientific Inc.'s debt-to-equity ratio is 13.4%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Milestone Scientific Inc.'s competitors?
In our Health Care Equipment peer group, the companies closest to Milestone Scientific Inc. are Neuroone Medical Technologies Corp, Nuwellis, Inc., Work Medical Technology Group LTD, Anbio Biotechnology and Inspiremd, Inc. The side-by-side comparison below sets their revenue, margins and growth against Milestone Scientific Inc.'s.
When is Milestone Scientific Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Milestone Scientific Inc. announces its own schedule.