Penumbra, Inc.

PEN Healthcare Medical Devices

Penumbra, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 17.5% from fiscal 2024.

Revenue
+15.6%
EPS
−8.29%
Free cash flow
−37.2%
Total debt
−10.3%

Quarter to September 2026, against a year earlier

320.08 1.03 −0.32%
Market cap
$12.7B
P/E
80.3×
Fwd P/E
68.7×
Dividend yield
—
F-score
8/9
Altman Z
20.17
Beneish M
−2.48
Dividend safety
n/a

Penumbra, Inc. (PEN) Operating margin

Alert me on Operating margin

Penumbra, Inc.'s operating margin over the twelve months to 30 September 2026 was 12.1%, down 1.4 percentage points from fiscal 2025 (13.5%). Over the past ten years it has ranged from −6.95% (fiscal 2020) to 13.5% (fiscal 2025) — the current reading is the highest in ten years. That is above the Medical Devices industry median of −15.1% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 13.5% 12.70
FY2024 0.78% (6.17)
FY2023 6.95% 6.23
FY2022 0.72% 1.72
FY2021 −1.00% 5.95
FY2020 −6.95% (15.63)
FY2019 8.68% 8.87
FY2018 −0.19% (0.54)
FY2017 0.35% 0.86
FY2016 −0.51% (2.76)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 12.4% 1.85
Jun 2026 10.5% 0.32
Mar 2026 10.2% (5.17)
Dec 2025 15.4% 1.60
43 more quarters

Against its own ten years

Low −6.95% High 13.5%
Ten-year median 0.72%
Current reading's percentile 88

Operating margin against peers

Company Operating margin
GMED Globus Medical, Inc. compare 21.7%
PODD Insulet Corporation compare 18.4%
PEN Penumbra, Inc. 12.1%
SNN Smith & Nephew SNATS, Inc. compare 0.00%
BRKR Bruker Corporation compare −1.99%
BIO.B Bio-Rad Laboratories, Inc. compare −2.39%
BIO Bio-Rad Laboratories, Inc. compare −2.39%
TXG 10x Genomics compare −14.3%
GKOS Glaukos Corporation compare −25.5%
Medical Devices industry median −15.1%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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