Vericel VCEL Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 74.8%+2.3pp | 74.4%+1.9pp | 73.8%+2.3pp | 73.5%+3.1pp | 72.5%+3.0pp | |
| Operating margin | 5.4%+6.6pp | 4%+2.1pp | 2.7%— | 0.5%— | -1.2%— | |
| Net margin | 7.3%+6.1pp | 6%+1.6pp | 5.1%— | 2.9%— | 1.2%— | |
| EBITDA margin | 9.6%+7.9pp | 8.2%+4.0pp | 6.6%— | 3.8%— | 1.7%— | |
| Free cash flow margin | 16.3%— | 9%— | —— | —— | —— | |
| Returns | ||||||
| Return on equity | 6.6%+5.5pp | 5.1%+1.1pp | 4.5%— | 2.6%— | 1.1%— | |
| Return on assets | 4.7%+4.0pp | 3.6%+1.0pp | 3.1%— | 1.7%— | 0.8%— | |
| Return on invested capital | 4.8%+5.8pp | 3.2%+1.5pp | 2.3%— | 0.4%— | -1%— | |
| Efficiency | ||||||
| Asset turnover | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×-0.1× | |
| Inventory turnover | 4.1×-0.1× | 4×-0.2× | 4×-0.6× | 4.2×-0.2× | 4.3×-0.1× | |
| Liquidity | ||||||
| Current ratio | 5.2×+0.2× | 5×+0.8× | 4.9×+0.3× | 5×+0.5× | 5×-0.2× | |
| Quick ratio | 4.8×+0.2× | 4.7×+0.8× | 4.5×+0.2× | 4.6×+0.4× | 4.6×-0.3× | |
| Cash ratio | 2.3×+0.3× | 2×+0.3× | 2.2×+0.5× | 2×+0.2× | 2×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.3×-0.1× | 0.3×-0.1× | 0.3×-0.1× | 0.3×-0.1× | 0.3×-0.1× | |
| Debt-to-assets | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Net debt / EBITDA | -0.5×-5.5× | -0.1×-1.6× | -0.1×— | 2.1×— | 5×— | |
| Interest coverage | 24.8×+29.3× | 17.5×+10.2× | 11.4×— | 1.9×— | -4.6×— | |
| Per Share | ||||||
| Book value per share | $7.02+18.5% | $6.80+20.4% | $6.20+18.2% | $6.09+22.1% | $5.92+21.9% | |
| Valuation | ||||||
| Market capitalization | $1.64B-26.8% | $1.82B-32.8% | $1.59B-23.3% | $2.18B-2.2% | $2.24B-11.1% | |
| Enterprise value | $1.62B-28.0% | $1.82B-33.3% | $1.59B-24.4% | $2.2B-2.1% | $2.26B-11.1% | |
| Price / earnings | 76.3×-675× | 110.3×-151× | 121.4×— | 307×— | 751.2×— | |
| Price / sales | 5.6×-3.8× | 6.6×-4.8× | 6.1×-3.0× | 8.8×-1.6× | 9.4×-2.7× | |
| Price / book | 4.6×-3.0× | 5.1×-4.1× | 4.9×-3.1× | 7.1×-2.1× | 7.6×-3.2× | |
| EV / EBITDA | 58.2×-506× | 80.5×-191× | 93.1×— | 231.6×— | 563.8×— | |
| EV / sales | 5.6×-3.9× | 6.6×-4.9× | 6.1×-3.1× | 8.8×-1.6× | 9.5×-2.8× | |
| Free cash flow yield | 2.9%— | 1.4%— | —— | —— | —— | |
| Earnings yield | 1.3%+1.2pp | 0.9%+0.5pp | 0.8%— | 0.3%— | 0.1%— | |
| PEG ratio | 0.1×— | 1.9×— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Vericel's profit margins?
- Vericel (VCEL) runs a 74.8% gross margin and a 5.4% operating margin, with a 7.3% net margin.
- Where do Vericel's ratios come from?
- Every ratio is computed from Vericel's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.