What is Embecta Corp.'s work in process?

Embecta Corp. (EMBC) reported work in process of $13.3M in Q1 2026.

How has Embecta Corp.'s work in process changed year-over-year?

Embecta Corp.'s work in process increased by 51.1% year-over-year, from $8.8M to $13.3M.

What is the long-term trend for Embecta Corp.'s work in process?

Over 4 years (2021 to 2025), Embecta Corp.'s work in process has grown at a -13.6% compound annual growth rate (CAGR), from $21M to $11.7M.

What does work in process mean?

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

Embecta Corp. EMBC Work in process

Work in process at other companies

Tandem Diabetes CareTNDM

$26.75M-25.0%

Lifecore Biomedical, Inc.LFCR

$13.47M—

ICU MedicalICUI

$48.14M+8.4%

InsuletPODD

——

MedtronicMDT

——

Becton, Dickinson and CompanyBDX

——

Other financials

Income statement

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Revenue$221.8M-14.4%

Gross profit$127.8M-22.1%

Operating income$35.0M-44.4%

Net income-$4.1M-117%

EPS (diluted)-$0.07-118%

Balance sheet

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Cash & equivalents$193.4M-8.9%

Total debt$1.4B-12.5%

Total equity-$626.1M+15.0%

Total assets$1.0B-8.1%

Cash flow

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Operating cash flow$31.1M-2.2%

CapEx$500.0K+400%

Free cash flow$30.6M-3.5%

Valuation

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Market cap$193.41M-64.3%

Enterprise value$1.37B-24.8%

P/E1.7×-4.8×

P/S0.2×-0.3×

Profitability

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Gross margin61.9%-1.6pp

Operating margin25.8%+9.7pp

Net margin10.7%+5.8pp

FCF margin19.6%+16.0pp

Returns & leverage

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Return on equity71.9%—

Debt / equity0×—

Current ratio2.5×0.0×

Where this comes from

Reported directly by Embecta Corp. in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Embecta Corp.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Embecta Corp.'s work in process?: Embecta Corp. (EMBC) reported work in process of $13.3M in Q1 2026.
How has Embecta Corp.'s work in process changed year-over-year?: Embecta Corp.'s work in process increased by 51.1% year-over-year, from $8.8M to $13.3M.
What is the long-term trend for Embecta Corp.'s work in process?: Over 4 years (2021 to 2025), Embecta Corp.'s work in process has grown at a -13.6% compound annual growth rate (CAGR), from $21M to $11.7M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.