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Axogen AXGN Free cash flow margin

Free cash flow margin at other companies

Baxter International logo
Baxter InternationalBAX
3%-2.4pp
Stryker logo
StrykerSYK
18.1%+2.7pp
LeMaitre Vascular logo
LeMaitre VascularLMAT
30.9%+12.7pp
Medtronic logo
MedtronicMDT
14.9%-0.5pp

Other financials

Income statement

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Revenue$61.5M+26.6%
Gross profit$46.2M+32.2%
Operating income-$2.8M-70.5%
Net income-$19.6M-411%
EPS (diluted)-$0.38-375%

Balance sheet

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Cash & equivalents$84.7M+251%
Total debt$20.6M-69.8%
Total equity$244.8M+132%
Total assets$289.5M+47.6%

Cash flow

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Operating cash flow$1.6M+112%
CapEx$2.8M+989%
Free cash flow-$1.2M+90.9%

Valuation

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Market cap$2.38B+110%
Enterprise value$2.31B+91.4%
P/S10×+4.2×

Profitability

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Gross margin75%+0.8pp
Operating margin-3.8%
Net margin-13.2%-22.8pp

Returns & leverage

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Return on equity-18%-70.5pp
Debt / equity0.1×-0.6×
Current ratio7.1×+2.8×

Where this comes from

Calculated from Axogen’s reported figures.

Based on trailing twelve months.

The official record: Axogen’s 10-Q, filed May 8, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axogen's free cash flow margin?
Axogen (AXGN) reported free cash flow margin of -12.9% in Q1 2024.
How has Axogen's free cash flow margin changed year-over-year?
Axogen's free cash flow margin increased by 41.6% year-over-year, from -22% to -12.9%.
What is the long-term trend for Axogen's free cash flow margin?
Over 3 years (2020 to 2023), Axogen's free cash flow margin has grown at a -24.0% compound annual growth rate (CAGR), from -28.1% to -12.3%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.