Saturday 17 October 2026
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Glaukos Corporation
GKOS Healthcare Medical Devices
Glaukos Corporation’s revenue for fiscal 2025 (year ended December 2025) was $507.4 million, up 32.3% from fiscal 2024. In the quarter to June 2026, revenue grew 49.5%, EPS grew 8.82%, free cash flow grew 211.8% and total debt fell 2.15%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
164.84
0.76
−0.46%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 14.25 | 23.08 | 25.25 | 50.60 | 23.31 | 39.35 | 33.33 | 42.48 | 74.75 | 73.16 |
Analyst estimates 2026–2028 Powerpack |
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| High | 39.82 | 52.49 | 70.91 | 84.65 | 76.20 | 99.00 | 64.49 | 86.53 | 153.50 | 163.71 | |||||
| People | |||||||||||||||
| People | Employees | 264 | 387 | 437 | 600 | 653 | 727 | 783 | 907 | 995 | 1,094 | ||||
| Revenue/emp, $m | 0.43 | 0.41 | 0.41 | 0.39 | 0.34 | 0.40 | 0.36 | 0.35 | 0.39 | 0.46 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 114 | 159 | 181 | 237 | 225 | 294 | 283 | 315 | 383 | 507 | ||||
| Gross margin, % | 85.86 | 86.78 | 86.17 | 83.72 | 59.23 | 77.34 | 75.61 | 75.99 | 75.48 | 77.97 | |||||
| EBT | 5 | 0 | (12) | (50) | (132) | (49) | (98) | (134) | (146) | (193) | |||||
| EBT margin, % | 3.99 | 0.00 | (6.82) | (21.11) | (58.82) | (16.76) | (34.80) | (42.49) | (37.97) | (38.04) | |||||
| Net income | 5 | 0 | (13) | 15 | (120) | (50) | (99) | (135) | (146) | (188) | |||||
| Depreciation | 5 | 6 | 6 | 14 | 66 | 37 | 38 | 38 | 37 | 39 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 3.47 | 4.63 | 5.13 | 6.34 | 5.06 | 6.33 | 5.96 | 6.50 | 7.27 | 8.87 | ||||
| Earnings | 0.14 | 0.00 | (0.37) | 0.41 | (2.70) | (1.07) | (2.09) | (2.78) | (2.77) | (3.28) | |||||
| Cash flow | 0.37 | 0.76 | 0.53 | (0.01) | (0.52) | 0.53 | (0.70) | (1.19) | (1.16) | (0.26) | |||||
| Capex | (0.19) | (0.18) | (0.29) | (0.13) | (0.16) | (1.03) | (0.63) | (0.42) | (0.12) | (0.42) | |||||
| Free cash flow | 0.18 | 0.58 | 0.24 | (0.14) | (0.67) | (0.50) | (1.33) | (1.61) | (1.28) | (0.68) | |||||
| Book value | 3.56 | 4.02 | 4.92 | 18.02 | 15.00 | 12.65 | 11.17 | 9.53 | 14.54 | 11.47 | |||||
| Shares, m | 33 | 34 | 35 | 37 | 44 | 46 | 47 | 48 | 53 | 57 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 253.15 | 0.00 | 0.00 | 160.21 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 9.71 | 5.85 | 10.94 | 8.59 | 14.89 | 7.02 | 7.36 | 11.86 | 20.63 | 12.73 | |||||
| P/B | 9.47 | 6.74 | 11.41 | 3.02 | 5.02 | 3.51 | 3.93 | 8.08 | 10.31 | 9.84 | |||||
| EV/Sales | 8.90 | 5.12 | 10.19 | 8.11 | 14.21 | 7.76 | 8.35 | 12.93 | 20.71 | 12.86 | |||||
| EV/FCF | 168.84 | 41.25 | 216.06 | (377.22) | (106.79) | (98.86) | (37.38) | (52.18) | (117.49) | (167.07) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 12 | 26 | 19 | 0 | (23) | 25 | (33) | (58) | (61) | (15) | ||||
| Capex | (6) | (6) | (10) | (5) | (7) | (48) | (30) | (20) | (6) | (24) | |||||
| Free cash flow | 6 | 20 | 9 | (5) | (30) | (23) | (63) | (78) | (68) | (39) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 103 | 123 | 146 | 205 | 420 | 423 | 372 | 321 | 375 | 374 | ||||
| Total debt | — | — | — | 58 | 250 | 353 | 354 | 353 | 69 | 68 | |||||
| Net debt | (96) | (119) | (140) | (116) | (154) | (61) | 1 | 58 | (249) | (211) | |||||
| Shareholders’ equity | 117 | 138 | 174 | 673 | 667 | 587 | 530 | 462 | 767 | 656 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 3.60 | (0.06) | (6.95) | 3.01 | (13.20) | (4.83) | (9.67) | (13.86) | (15.29) | (20.09) | ||||
| ROIC | 12.37 | (7.43) | (24.35) | (5.64) | (15.05) | (3.91) | (9.69) | (15.48) | (14.78) | (28.00) | |||||
| ROE | 4.26 | (0.07) | (8.30) | 3.64 | (17.95) | (7.91) | (17.76) | (27.16) | (23.83) | (26.38) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Glaukos Corporation vs peers in Medical Devices (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PEN Penumbra, Inc. | $12.7B | 78.4× | 63.5× | +14.90% (above 0%: growing) | −24.79% (below 0%: shrinking) | +10.81% (above 0%: growing) | 67.93% | 10.52% | Compare |
| SNN Smith & Nephew SNATS, Inc. | $12.2B | 35.4× | 18.6× | +7.99% (above 0%: growing) | −14.23% (below 0%: shrinking) | +293.94% (above 0%: growing) | 69.42% | 0.00% | Compare |
| GMED Globus Medical, Inc. | $10.6B | 19.3× | 20.3× | +5.94% (above 0%: growing) | −25.33% (below 0%: shrinking) | +571.30% (above 0%: growing) | 69.42% | 23.10% | Compare |
| BIO.B Bio-Rad Laboratories, Inc. | $10.3B | 43.7× | — | −0.09% (below 0%: shrinking) | +19.02% (above 0%: growing) | −6.06% (below 0%: shrinking) | 53.12% | 11.15% | Compare |
| GKOS Glaukos Corporation | $9.8B | — (loss-making) | — (loss-making) | +49.54% (above 0%: growing) | n/m | +211.83% (above 0%: growing) | 81.67% | (9.30%) | |
| BIO Bio-Rad Laboratories, Inc. | $9.8B | 42.5× | 35.4× | −0.09% (below 0%: shrinking) | +19.02% (above 0%: growing) | −6.06% (below 0%: shrinking) | 53.12% | 11.15% | Compare |
| PODD Insulet Corporation | $9.6B | 26.4× | 24.7× | +23.51% (above 0%: growing) | +328.13% (above 0%: growing) | −70.51% (below 0%: shrinking) | 70.18% | 16.18% | Compare |
| BRKR Bruker Corporation | $8.6B | — (loss-making) | 55.7× | +5.15% (above 0%: growing) | n/m | +28.63% (above 0%: growing) | 49.61% | (7.79%) | Compare |
| HAE Haemonetics Corporation | $5.5B | 57.7× | 18.0× | +5.60% (above 0%: growing) | +2.86% (above 0%: growing) | +220.38% (above 0%: growing) | 59.76% | 16.93% | Compare |
| Median of peers | $10.0B | 42.5× | 24.7× | +5.77% | +2.86% | +19.72% | 63.85% | 11.15% |
Glaukos Corporation (GKOS) key facts
- Strength: Glaukos Corporation’s revenue for fiscal 2025 (year ended December 2025) was $507.4 million, up 32.3% from fiscal 2024.
- Glaukos Corporation (GKOS) is a Medical Devices company in the Healthcare sector, listed on the New York Stock Exchange.
- As of October 16, 2026, GKOS traded at $164.84, a market capitalization of $9.8 billion.
- Return on equity was −26.4% and debt-to-equity 0.10.
- Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 15.20 (safe zone) for fiscal 2025.