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Penumbra

PEN

Penumbra is a global healthcare company specializing in the development and commercialization of innovative medical devices for challenging vascular conditions.

Market cap
$12.48B+28.4%
Revenue$1.5B+17.3%
Net income$171.0M+305%
Free cash flow$212.7M+41.5%
EPS (diluted)$4.34+306%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$389.6M
EPS estimate$1.18

Financials

Q1 2026

Income statement

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Revenue$374.8M+15.6%
Gross profit$253.4M+17.4%
Operating income$38.2M-5.2%
Net income$32.6M-16.9%
EPS (diluted)$0.82-18.0%

Balance sheet

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Cash & equivalents$241.3M-35.8%
Total debt$216.2M-2.0%
Total equity$1.5B+21.5%
Total assets$1.9B+19.2%

Cash flow

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Operating cash flow$87.0M+77.6%
CapEx$13.7M+1.5%
Free cash flow$73.3M+106%

Valuation & ratios

Valuation

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Market cap$12.48B+28.4%
Enterprise value$12.45B+30.8%
P/E73×+7.1×
P/S8.6×+1.0×

Profitability

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Gross margin67.4%+3.7pp
Operating margin12.9%+9.8pp
Net margin11.8%+8.4pp
FCF margin14.6%+2.5pp

Returns & leverage

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Return on equity12.7%+9.2pp
Debt / equity0.1×0.0×
Current ratio-0.3×

Segments

By product

See full
Thrombectomy$253.9M+12.1%
Embolization and Access$120.8M+23.8%

Competitors

Profile

Penumbra is a global healthcare company specializing in the development and commercialization of innovative medical devices for challenging vascular conditions. The company's core value proposition centers on its computer-assisted vacuum thrombectomy (CAVT) technology, designed to remove blood clots with speed and safety across various anatomical locations. Its portfolio addresses critical needs in ischemic stroke, pulmonary embolism, and acute limb ischemia for specialist physicians.

Competitive position

Penumbra is a global leader in the thrombectomy market, characterized by rapid product iteration and a transition toward computer-assisted mechanical intervention.

GeographiesUnited States, Europe, Canada, Australia, Singapore
Customer segmentsHospitals, Specialist Physicians, Healthcare Systems
Business modelDirect Sales, Manufacturing, Research and Development
SuppliersMedical-grade raw material suppliers, Electronic component manufacturers, Specialized manufacturing equipment providers
CustomersHospitals, Surgical centers, Medical distributors, Specialist physicians
Listed2015
Employees4.2K
CEOAdam Elsesser
FilingsSEC EDGAR

Questions, answered.

What is Penumbra's market cap?
Penumbra (PEN) has a market capitalization of $12.5B and trades on NYSE.
What is Penumbra's revenue and profitability?
Penumbra generated $1.5B in trailing twelve-month revenue with net income of $171.0M, representing a net margin of 11.8%. Gross margin stands at 67.4%, with free cash flow of $212.7M. These figures are based on the Q1 2026 filing.
Who are Penumbra's competitors?
Penumbra's key competitors include Medtronic plc, Stryker Corporation, Johnson & Johnson, and others. These companies compete in similar markets and product categories.
Who does Penumbra partner with?
Penumbra's notable partners include Boston Scientific Corporation.
What subsidiaries does Penumbra have?
Penumbra's subsidiaries include Pinehurst Merger Sub, Inc..
Where is Penumbra headquartered?
Penumbra is headquartered in United States of America and employs approximately 4,200 people. It has been publicly traded since 2015.