TORVANTA
Other · S&P 500 · data as of 2026-10-05

LMAT stock analysis: LMAT

LMAT (LMAT) is an S&P 500 company in Other. It grades weakest on value and momentum.

The model's view of LMAT · subscribers

Where LMAT ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with LMAT · updated 2026-10-05 · from prices and SEC filings

LMAT price performance

LMAT against the S&P 500, one year
+0%+20%+40%S&P 500 +18%LMAT -4%2025-09-292026-10-05
Year to date+0.7%S&P 500 +14.5% · behind by 13.9 pts
1 year-6.9%S&P 500 +17.0% · behind by 23.9 pts
3 years+44.8%S&P 500 +89.3% · behind by 44.5 pts
5 years+59.9%S&P 500 +91.3% · behind by 31.4 pts

Total returns with dividends reinvested.

LMAT factor grades

Each grade compares LMAT with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueP/E 28.4x (industry 20.1x)FCF yield 4.0% (industry 6.0%)
BGrowthRevenue growth +12% (industry +8%)EPS growth +39% (industry +10%)
B+ProfitabilityOperating margin 29.5% (industry 9.6%)ROIC 15.2% (industry 10.1%)
D+Momentum12-month change -7%From 52-wk high -31%

LMAT in plain numbers

LMAT key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$1.9B
Revenue growth (y/y)+12%
Free-cash-flow yield4.0%
Dividend yield1.2%
Next earnings (expected)2026-11-05
Valuation measures
Market value$1.9B
Enterprise value$1.8B
P/E (trailing)28.4x
Forward P/E (Torvanta estimate)25.3x
PEG (Torvanta estimate)2.06
Price / sales7.1x
Price / book4.4x
EV / revenue7.0x
EV / EBITDA20.8x
Financial highlights
Revenue, last 12 months$262.4M
Net income, last 12 months$65.7M
EPS, last 12 months (GAAP)$2.85
Gross margin72.9%
Operating margin29.5%
Net margin25.0%
Return on equity16.8%
Return on invested capital15.2%
Cash$26.6M
Total debt$0
Free cash flow, last 12 months$73.8M
Interest cover14.9x
Current ratio16.31x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

LMAT earnings trends

Revenue vs earnings
$0$17.6M$35.2M$52.8M$70.4MSep 2024 Revenue: $54.8MDec 2024 Revenue: $55.7MMar 2025 Revenue: $59.9MJun 2025 Revenue: $64.2MSep 2025 Revenue: $61.0MDec 2025 Revenue: $64.5MMar 2026 Revenue: $66.6MJun 2026 Revenue: $70.4MSep 2024 Net income: $11.1MDec 2024 Net income: $11.2MMar 2025 Net income: $11.0MJun 2025 Net income: $13.8MSep 2025 Net income: $17.4MDec 2025 Net income: $15.6MMar 2026 Net income: $15.7MJun 2026 Net income: $17.1MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 20.3%Net margin: 20.1%Net margin: 18.4%Net margin: 21.5%Net margin: 28.4%Net margin: 24.2%Net margin: 23.6%Net margin: 24.2%0%14%28%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.2$0.4$0.6$0.8Sep 2024 EPS (GAAP, diluted): $0.5Dec 2024 EPS (GAAP, diluted): $0.5Mar 2025 EPS (GAAP, diluted): $0.5Jun 2025 EPS (GAAP, diluted): $0.6Sep 2025 EPS (GAAP, diluted): $0.8Dec 2025 EPS (GAAP, diluted): $0.7Mar 2026 EPS (GAAP, diluted): $0.7Jun 2026 EPS (GAAP, diluted): $0.7Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +53% · Dec 2025 +42% · Mar 2026 +42% · Jun 2026 +23%

From the company's 10-Q and 10-K filings with the SEC.

LMAT financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$154.4M$161.7M$193.5M$219.9M$249.6M
Net income$26.9M$20.6M$30.1M$44.0M$57.7M
EPS (GAAP)$1.26$0.93$1.34$1.93$2.51
Free cash flow$30.2M$22.1M$29.5M$37.2M$74.5M

LMAT earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-04$0.74+23%+10%-25.4%
2026-05-05$0.68+42%+11%-3.4%
2026-02-25$0.68+42%+16%+25.0%
2025-11-06$0.75+53%+11%+1.6%
2025-08-05$0.60+15%+15%+10.2%
2025-05-01$0.48+9%+12%-15.5%

About LMAT

HeadquartersBurlington, MA
Industry (SEC code)Surgical & Medical Instruments & Apparatus
Fiscal year endsDecember 31
Listed onNasdaq

From the company's SEC registration record.

Companies similar to LMAT

CompanyMarket valueP/ERevenue growthOperating margin12-month change
LMAT LMAT$1.9B28.4x+12%29.5%-7%
VSTS VSTS$1.9Bn/a-0%3.6%+177%compare
OLN OLN$1.9Bn/a+1%-1.6%-35%compare
SRPT SRPT$1.8Bn/a-20%-7.3%-23%compare
HMN HMN$1.8B10.7x+6%n/a+6%
EPAC EPAC$1.8B20.4x+4%21.2%-13%
DXC DXC$1.9B15.3x-2%7.2%-16%

All Other stock ratings

Frequently asked questions

Is LMAT stock a buy?

Torvanta does not tell individuals what to buy. Its grades for LMAT are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is LMAT's P/E ratio?

LMAT trades at about 28.4 times its last 12 months of GAAP earnings reported to the SEC, and about 25.3 times Torvanta's own estimate of the next 12 months.

When does LMAT report earnings next?

Based on its filing history, Torvanta expects LMAT to report around 2026-11-05.

Does LMAT pay a dividend?

Yes. Its dividend yield is about 1.2%, and it has raised its dividend 14 years in a row.

How has LMAT performed against the S&P 500?

Over the past year LMAT returned -6.9%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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