The Filing Desk

Integer vs LivaNova

Integer ITGR · LivaNova LIVN · Health Care Equipment

Integer reported revenue of $1.9 billion in fiscal 2025, 1.3 times LivaNova's $1.4 billion in fiscal 2025. Integer's revenue grew 8.0% in its latest year, and LivaNova's grew 10.7%. Integer had an operating margin of 11.9%, against 14.4% at LivaNova. Free cash flow was $105 million at Integer and $173 million at LivaNova.

Side by side

IntegerLivaNova
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.9B$1.4B
Revenue growth8.0%10.7%
Revenue growth a year, last 5 years11.5%8.2%
Gross margin27.0%67.7%
Operating margin11.9%14.4%
Net margin5.5%−17.5%
Free cash flow$105M$173M
Free cash flow margin5.7%12.5%
Return on capital6.5%12.8%
Net debt to EBITDA3.4x—
Dividends and buybacks$50M$0M
Change in diluted share count−0.1%−0.1%
Last close$126.52$80.62
P/E at the last close34.7×23.9×
Insider trades, last 12 monthsbought $500,260, sold $5.3 millionsold $1.0 million
Piotroski F-score7 of 95 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
IntegerLivaNova
Operating margin
Percent of revenue
IntegerLivaNova
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
IntegerLivaNova

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Integer and LivaNova pages.