Artivion, Inc. Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Artivion, Inc. has an operating margin of 10.0%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 50/100, indicating healthy but not exceptional operating efficiency. This is up from 1.6% the prior year.
Artivion, Inc.'s revenue grew 9.8% year-over-year to $388.5M, a solid pace of expansion. This earns a growth score of 56/100.
Artivion, Inc. carries a low D/E ratio of 1.14, meaning only $1.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.34, Artivion, Inc. holds $4.34 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Artivion, Inc.'s free cash flow margin of 2.8% results in a low score of 14/100. Capital expenditures of $11.2M absorb a large share of operating cash flow.
Artivion, Inc. scores 2.93, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($1.8B) relative to total liabilities ($512.9M). This signals moderate financial risk that warrants monitoring.
Artivion, Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Artivion, Inc. generates $-1.66 in operating cash flow ($22.2M OCF vs -$13.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Artivion, Inc. earns $1.1 in operating income for every $1 of interest expense ($38.9M vs $34.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Artivion, Inc. (AORT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Artivion, Inc. generated $388.5M in revenue in fiscal year 2024. This represents an increase of 9.8% from the prior year.
Artivion, Inc.'s EBITDA was $63.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 118.9% from the prior year.
Artivion, Inc. generated $11.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 21.8% from the prior year.
Artivion, Inc. reported -$13.4M in net income in fiscal year 2024. This represents an increase of 56.5% from the prior year.
Artivion, Inc. earned $-0.32 per diluted share (EPS) in fiscal year 2024. This represents an increase of 57.3% from the prior year.
Artivion, Inc. held $53.5M in cash against $314.2M in long-term debt as of fiscal year 2024.
Artivion, Inc.'s gross margin was 64.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.
Artivion, Inc.'s operating margin was 10.0% in fiscal year 2024, reflecting core business profitability. This is up 8.4 percentage points from the prior year.
Artivion, Inc.'s net profit margin was -3.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 5.2 percentage points from the prior year.
Artivion, Inc. invested $28.5M in research and development in fiscal year 2024. This represents a decrease of 0.9% from the prior year.
Artivion, Inc. invested $11.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 14.7% from the prior year.
AORT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $113.4M+0.4% | $113.0M+14.1% | $99.0M+1.7% | $97.3M-0.7% | $98.0M+0.6% | $97.4M+4.0% | $93.7M+6.6% | $87.9M |
| Cost of Revenue | $39.0M-2.2% | $39.9M+12.6% | $35.4M-1.1% | $35.8M+3.2% | $34.7M+0.6% | $34.5M+5.9% | $32.6M+3.1% | $31.6M |
| Gross Profit | $74.4M+1.8% | $73.1M+15.0% | $63.6M+3.4% | $61.5M-2.9% | $63.3M+0.6% | $62.9M+3.0% | $61.1M+8.6% | $56.3M |
| R&D Expenses | $8.1M+14.4% | $7.1M+5.0% | $6.7M-9.1% | $7.4M-1.2% | $7.5M+7.9% | $6.9M-9.1% | $7.6M+19.1% | $6.4M |
| SG&A Expenses | $57.3M-0.7% | $57.7M+5.4% | $54.7M+6.4% | $51.4M+4.3% | $49.3M+60.7% | $30.7M-39.0% | $50.3M-1.6% | $51.1M |
| Operating Income | $12.5M+49.5% | $8.4M+290.9% | $2.1M-19.6% | $2.7M-59.0% | $6.5M-74.3% | $25.3M+698.0% | $3.2M+355.0% | -$1.2M |
| Interest Expense | $6.1M-15.8% | $7.3M-5.1% | $7.7M-21.4% | $9.8M+17.5% | $8.3M+6.1% | $7.8M+25.3% | $6.2M-5.4% | $6.6M |
| Income Tax | $554K-74.1% | $2.1M+219.4% | -$1.8M-1404.2% | -$119K+61.1% | -$306K-105.8% | $5.2M+55.1% | $3.4M+785.9% | $382K |
| Net Income | $6.5M+383.4% | $1.3M+366.3% | -$505K+96.9% | -$16.5M-677.1% | -$2.1M-128.2% | $7.5M+289.5% | -$4.0M+59.4% | -$9.8M |
| EPS (Diluted) | $0.13+333.3% | $0.03+400.0% | $-0.01+97.5% | $-0.40-700.0% | $-0.05-127.8% | $0.18+280.0% | $-0.10+58.3% | $-0.24 |
AORT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $857.7M+2.3% | $838.4M+6.0% | $791.2M+0.3% | $789.1M-0.1% | $789.5M+0.7% | $784.0M-1.1% | $792.4M+2.3% | $774.8M |
| Current Assets | $337.5M+5.9% | $318.8M+11.0% | $287.3M-1.0% | $290.1M+1.8% | $285.0M+3.0% | $276.8M-1.4% | $280.7M+5.1% | $267.1M |
| Cash & Equivalents | $73.4M+37.3% | $53.5M+41.9% | $37.7M-29.5% | $53.5M-2.8% | $55.0M+7.6% | $51.1M-13.3% | $58.9M+10.2% | $53.5M |
| Inventory | $90.5M+4.4% | $86.7M+5.9% | $81.9M+2.7% | $79.8M-1.3% | $80.8M-1.1% | $81.7M-0.3% | $82.0M+4.0% | $78.8M |
| Accounts Receivable | $88.1M-3.6% | $91.4M+4.1% | $87.8M+10.5% | $79.5M+7.5% | $73.9M-0.6% | $74.3M+3.5% | $71.8M+11.7% | $64.3M |
| Goodwill | $254.0M+0.1% | $253.8M+3.6% | $245.1M+1.7% | $241.0M-1.2% | $244.0M-0.4% | $245.0M-0.9% | $247.3M+1.8% | $242.9M |
| Total Liabilities | $419.0M+0.1% | $418.5M-15.8% | $496.9M-3.1% | $512.9M+3.7% | $494.5M+1.1% | $489.0M-4.2% | $510.6M+1.6% | $502.8M |
| Current Liabilities | $85.8M+28.7% | $66.7M+28.4% | $51.9M-22.3% | $66.8M+32.1% | $50.6M+10.4% | $45.8M-20.8% | $57.9M+5.3% | $55.0M |
| Long-Term Debt | $214.9M-0.3% | $215.5M-31.5% | $314.6M+0.1% | $314.2M+0.3% | $313.3M+0.1% | $313.0M+2.4% | $305.5M-0.1% | $305.9M |
| Total Equity | $438.7M+4.5% | $419.9M+42.7% | $294.3M+6.5% | $276.2M-6.4% | $295.1M0.0% | $295.0M+4.7% | $281.8M+3.6% | $272.0M |
| Retained Earnings | -$53.9M+10.8% | -$60.4M+2.2% | -$61.8M-0.8% | -$61.3M-44.2% | -$42.5M-5.3% | -$40.4M+15.7% | -$47.9M-9.0% | -$43.9M |
AORT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $22.3M+48.3% | $15.0M+188.5% | -$17.0M-267.2% | $10.1M+65.3% | $6.1M+211.7% | -$5.5M-150.7% | $10.8M+49.9% | $7.2M |
| Capital Expenditures | $4.6M+40.2% | $3.3M-9.6% | $3.6M+155.3% | $1.4M-43.3% | $2.5M-30.4% | $3.6M+35.3% | $2.7M+29.1% | $2.1M |
| Free Cash Flow | $17.7M+50.6% | $11.7M+156.9% | -$20.6M-336.3% | $8.7M+140.6% | $3.6M+139.8% | -$9.1M-211.4% | $8.2M+58.2% | $5.2M |
| Investing Cash Flow | -$4.6M-40.2% | -$3.3M+9.6% | -$3.6M+68.2% | -$11.4M-354.6% | -$2.5M+30.4% | -$3.6M-35.3% | -$2.7M-29.1% | -$2.1M |
| Financing Cash Flow | $2.3M-10.8% | $2.6M-34.0% | $3.9M+2162.6% | $174K+196.1% | -$181K-124.6% | $737K+145.2% | -$1.6M-79.3% | -$909K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AORT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.6%+0.9pp | 64.7%+0.5pp | 64.2%+1.0pp | 63.2%-1.4pp | 64.6%0.0pp | 64.6%-0.6pp | 65.2%+1.2pp | 64.0% |
| Operating Margin | 11.1%+3.6pp | 7.4%+5.3pp | 2.2%-0.6pp | 2.7%-3.9pp | 6.6%-19.3pp | 26.0%+22.6pp | 3.4%+4.8pp | -1.4% |
| Net Margin | 5.7%+4.5pp | 1.2%+1.7pp | -0.5%+16.4pp | -16.9%-14.8pp | -2.2%-9.9pp | 7.7%+12.0pp | -4.2%+6.9pp | -11.2% |
| Return on Equity | 1.5%+1.2pp | 0.3% | N/A | N/A | N/A | 2.5% | N/A | N/A |
| Return on Assets | 0.8%+0.6pp | 0.2%+0.2pp | -0.1%+2.0pp | -2.1%-1.8pp | -0.3%-1.2pp | 1.0%+1.5pp | -0.5%+0.8pp | -1.3% |
| Current Ratio | 3.93-0.9 | 4.78-0.7 | 5.53+1.2 | 4.34-1.3 | 5.63-0.4 | 6.04+1.2 | 4.850.0 | 4.86 |
| Debt-to-Equity | 0.49-0.0 | 0.51-0.6 | 1.07-0.1 | 1.14+0.1 | 1.060.0 | 1.06-0.0 | 1.08-0.0 | 1.12 |
| FCF Margin | 15.6%+5.2pp | 10.4%+31.2pp | -20.8%-29.8pp | 9.0%+5.3pp | 3.7%+13.0pp | -9.3%-18.1pp | 8.7%+2.8pp | 5.9% |
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Frequently Asked Questions
What is Artivion, Inc.'s annual revenue?
Artivion, Inc. (AORT) reported $388.5M in total revenue for fiscal year 2024. This represents a 9.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Artivion, Inc.'s revenue growing?
Artivion, Inc. (AORT) revenue grew by 9.8% year-over-year, from $354.0M to $388.5M in fiscal year 2024.
Is Artivion, Inc. profitable?
No, Artivion, Inc. (AORT) reported a net income of -$13.4M in fiscal year 2024, with a net profit margin of -3.4%.
What is Artivion, Inc.'s earnings per share (EPS)?
Artivion, Inc. (AORT) reported diluted earnings per share of $-0.32 for fiscal year 2024. This represents a 57.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Artivion, Inc.'s EBITDA?
Artivion, Inc. (AORT) had EBITDA of $63.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Artivion, Inc. have?
As of fiscal year 2024, Artivion, Inc. (AORT) had $53.5M in cash and equivalents against $314.2M in long-term debt.
What is Artivion, Inc.'s gross margin?
Artivion, Inc. (AORT) had a gross margin of 64.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Artivion, Inc.'s operating margin?
Artivion, Inc. (AORT) had an operating margin of 10.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Artivion, Inc.'s net profit margin?
Artivion, Inc. (AORT) had a net profit margin of -3.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Artivion, Inc.'s free cash flow?
Artivion, Inc. (AORT) generated $11.0M in free cash flow during fiscal year 2024. This represents a 21.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Artivion, Inc.'s operating cash flow?
Artivion, Inc. (AORT) generated $22.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Artivion, Inc.'s total assets?
Artivion, Inc. (AORT) had $789.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Artivion, Inc.'s capital expenditures?
Artivion, Inc. (AORT) invested $11.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Artivion, Inc. spend on research and development?
Artivion, Inc. (AORT) invested $28.5M in research and development during fiscal year 2024.
What is Artivion, Inc.'s current ratio?
Artivion, Inc. (AORT) had a current ratio of 4.34 as of fiscal year 2024, which is generally considered healthy.
What is Artivion, Inc.'s debt-to-equity ratio?
Artivion, Inc. (AORT) had a debt-to-equity ratio of 1.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Artivion, Inc.'s return on assets (ROA)?
Artivion, Inc. (AORT) had a return on assets of -1.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Artivion, Inc.'s Altman Z-Score?
Artivion, Inc. (AORT) has an Altman Z-Score of 2.93, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Artivion, Inc.'s Piotroski F-Score?
Artivion, Inc. (AORT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Artivion, Inc.'s earnings high quality?
Artivion, Inc. (AORT) has an earnings quality ratio of -1.66x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Artivion, Inc. cover its interest payments?
Artivion, Inc. (AORT) has an interest coverage ratio of 1.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Artivion, Inc.?
Artivion, Inc. (AORT) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.