LivaNova vs Penumbra
Penumbra reported revenue of $1.4 billion in fiscal 2025, about the same as LivaNova's $1.4 billion in fiscal 2025. LivaNova's revenue grew 10.7% in its latest year, and Penumbra's grew 17.5%. LivaNova had an operating margin of 14.4%, against 13.5% at Penumbra. Free cash flow was $173 million at LivaNova and $175 million at Penumbra.
Side by side
| LivaNova | Penumbra | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.4B | $1.4B |
| Revenue growth | 10.7% | 17.5% |
| Revenue growth a year, last 5 years | 8.2% | 20.2% |
| Gross margin | 67.7% | 67.1% |
| Operating margin | 14.4% | 13.5% |
| Net margin | −17.5% | 12.7% |
| Free cash flow | $173M | $175M |
| Free cash flow margin | 12.5% | 12.5% |
| Return on capital | 12.8% | 18.8% |
| Net debt to EBITDA | — | −2.5x |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | −0.1% | 0.1% |
| Last close | $80.62 | $325.22 |
| P/E at the last close | 23.9× | 79.9× |
| Insider trades, last 12 months | sold $1.0 million | sold $11.1 million |
| Piotroski F-score | 5 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ 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
LivaNovaPenumbra
Operating margin
Percent of revenue
LivaNovaPenumbra
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
LivaNovaPenumbra
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 LivaNova and Penumbra pages.