What is CONMED's work in process?

CONMED (CNMD) reported work in process of $41.18M in Q1 2026.

How has CONMED's work in process changed year-over-year?

CONMED's work in process increased by 30.2% year-over-year, from $31.64M to $41.18M.

What is the long-term trend for CONMED's work in process?

Over 5 years (2020 to 2025), CONMED's work in process has grown at a 16.0% compound annual growth rate (CAGR), from $15.86M to $33.26M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

CONMED CNMD Work in process

Work in process at other companies

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$435M+9.3%

VericelVCEL

$1.51M-5.0%

IAR

Integra LifeSciencesIART

$109.68M+18.4%

SolventumSOLV

$222M+29.8%

Boston ScientificBSX

——

MedtronicMDT

——

Other financials

Income statement

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Revenue$317.0M-1.3%

Gross profit$183.4M+3.2%

Operating income$25.4M+59.3%

Net income$13.8M+129%

EPS (diluted)$0.45+137%

Balance sheet

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Cash & equivalents$35.0M-1.3%

Total debt$862.6M-3.6%

Total equity$1.0B+4.1%

Total assets$2.3B+0.8%

Cash flow

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Operating cash flow$13.5M-67.6%

CapEx$2.9M-23.5%

Free cash flow$10.6M-72.0%

Valuation

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Market cap$1.04B-35.6%

Enterprise value$1.87B-24.5%

P/E19×+5.4×

P/S0.8×-0.5×

Profitability

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Gross margin55.2%-1.0pp

Operating margin8.2%-5.6pp

Net margin4%-5.0pp

FCF margin9%-3.5pp

Returns & leverage

See full

Return on equity5.5%-7.5pp

Debt / equity0.8×-0.1×

Current ratio2.3×0.0×

Where this comes from

Reported directly by CONMED in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: CONMED’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CONMED's work in process?: CONMED (CNMD) reported work in process of $41.18M in Q1 2026.
How has CONMED's work in process changed year-over-year?: CONMED's work in process increased by 30.2% year-over-year, from $31.64M to $41.18M.
What is the long-term trend for CONMED's work in process?: Over 5 years (2020 to 2025), CONMED's work in process has grown at a 16.0% compound annual growth rate (CAGR), from $15.86M to $33.26M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.