Embecta Corp Financials
Embecta Corp (EMBC) reported $1.0B in revenue over the twelve months to Jun 30, 2026, down 7.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Debt-heavy balance sheet is being reduced while cash conversion rebounds, even as revenue contracts and operating margins recover.
Revenue fell from$1.12B in FY2024 to$1.08B in FY2025, so the earnings improvement did not depend on volume expansion. Operating margin widened to22.4% even as gross margin narrowed to62.6% , pointing to cost reduction below gross profit rather than stronger product-level margin.
Free cash flow rose from
FY2025 liabilities of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Embecta Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Embecta Corp has an operating margin of 22.4%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 79/100, reflecting efficient cost management and pricing power. This is up from 14.8% the prior year.
Embecta Corp's revenue declined 3.8% year-over-year, from $1.1B to $1.1B. This contraction results in a growth score of 26/100.
With a current ratio of 2.41, Embecta Corp holds $2.41 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.
Embecta Corp converts 16.9% of revenue into free cash flow ($182.4M). This strong cash generation earns a score of 66/100.
Embecta Corp scores 1.66, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Embecta Corp passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Embecta Corp generates $2.01 in operating cash flow ($191.7M OCF vs $95.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Embecta Corp generated $1.1B in revenue in fiscal year 2025. This represents a decrease of 3.8% from the prior year.
Embecta Corp's EBITDA was $282.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 39.3% from the prior year.
Embecta Corp reported $95.4M in net income in fiscal year 2025. This represents an increase of 21.8% from the prior year.
Embecta Corp earned $1.62 per diluted share (EPS) in fiscal year 2025. This represents an increase of 20.9% from the prior year.
Cash & Balance Sheet
Embecta Corp generated $182.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 816.6% from the prior year.
Embecta Corp held $225.5M in cash against $1.4B in long-term debt as of fiscal year 2025.
Embecta Corp paid $0.60 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
Embecta Corp's gross margin was 62.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.8 percentage points from the prior year.
Embecta Corp's operating margin was 22.4% in fiscal year 2025, reflecting core business profitability. This is up 7.6 percentage points from the prior year.
Embecta Corp's net profit margin was 8.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Embecta Corp invested $37.3M in research and development in fiscal year 2025. This represents a decrease of 52.7% from the prior year.
Embecta Corp invested $9.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 41.1% from the prior year.
Not reported for fiscal year 2025.
EMBC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $271.7M+22.5% | $221.8M-15.1% | $261.2M-1.1% | $264.0M-10.7% | $295.5M+14.1% | $259.0M-1.1% | $261.9M-8.5% | $286.1M |
| Cost of Revenue | $118.4M+26.0% | $94.0M-5.5% | $99.5M-5.7% | $105.5M+7.2% | $98.4M+3.7% | $94.9M-9.4% | $104.8M-6.7% | $112.3M |
| Gross Profit | $153.3M+20.0% | $127.8M-21.0% | $161.7M+2.0% | $158.5M-19.6% | $197.1M+20.1% | $164.1M+4.5% | $157.1M-9.6% | $173.8M |
| R&D Expenses | $5.6M+3.7% | $5.4M+17.4% | $4.6M0.0% | $4.6M+4.5% | $4.4M-45.0% | $8.0M-60.6% | $20.3M+2.5% | $19.8M |
| SG&A Expenses | $78.6M+3.1% | $76.2M-1.8% | $77.6M-10.7% | $86.9M+3.0% | $84.4M+6.0% | $79.6M-1.8% | $81.1M-16.2% | $96.8M |
| Operating Income | $48.7M+39.1% | $35.0M-58.0% | $83.3M+47.4% | $56.5M-39.9% | $94.0M+49.4% | $62.9M+119.2% | $28.7M+9.5% | $26.2M |
| Income Tax | $6.5M-52.2% | $13.6M-8.1% | $14.8M+469.2% | $2.6M-90.3% | $26.7M+117.1% | $12.3M+1857.1% | -$700K+96.8% | -$21.6M |
| Net Income | $21.1M+614.6% | -$4.1M-109.3% | $44.1M+67.0% | $26.4M-42.0% | $45.5M+93.6% | $23.5M | $0-100.0% | $14.6M |
| EPS (Diluted) | $0.36+614.3% | -$0.07-109.5% | $0.74+68.2% | $0.44-43.6% | $0.78+95.0% | $0.40 | $0.00-100.0% | $0.24 |
Not reported in any period shown, so not listed: Interest Expense.
EMBC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+22.9% | $1.0B-3.2% | $1.1B-2.5% | $1.1B-5.7% | $1.2B+3.3% | $1.1B-2.5% | $1.1B-10.6% | $1.3B |
| Current Assets | $705.1M+16.0% | $608.1M-2.0% | $620.2M-1.8% | $631.4M-7.4% | $681.5M+5.9% | $643.4M-3.6% | $667.2M-12.3% | $761.0M |
| Cash & Equivalents | $214.7M+16.1% | $184.9M-8.1% | $201.3M-10.7% | $225.5M-2.2% | $230.6M+10.2% | $209.3M-0.3% | $210.0M-21.5% | $267.5M |
| Inventory | $214.2M+11.2% | $192.6M+5.9% | $181.8M+1.8% | $178.6M-6.0% | $189.9M+12.2% | $169.2M+0.1% | $169.1M-1.4% | $171.5M |
| Accounts Receivable | $182.2M+23.9% | $147.1M-7.6% | $159.2M+9.3% | $145.6M-20.4% | $182.8M-1.5% | $185.6M+2.6% | $180.9M-6.3% | $193.0M |
| Goodwill | $39.9M+159.1% | $15.4M0.0% | $15.4M0.0% | $15.4M0.0% | $15.4M-0.6% | $15.5M0.0% | $15.5M-0.6% | $15.6M |
| Total Liabilities | $1.9B+13.4% | $1.7B-1.3% | $1.7B-3.7% | $1.7B-4.7% | $1.8B-1.6% | $1.9B-3.2% | $1.9B-5.2% | $2.0B |
| Current Liabilities | $419.8M+69.8% | $247.3M+5.4% | $234.7M-10.2% | $261.5M-5.1% | $275.5M+6.2% | $259.3M-13.0% | $298.2M-20.3% | $374.0M |
| Long-Term Debt | $1.3B-0.1% | $1.3B-2.7% | $1.4B-2.6% | $1.4B-4.8% | $1.5B-3.3% | $1.5B-1.7% | $1.5B-2.0% | $1.6B |
| Total Equity | -$612.7M+2.1% | -$626.1M-2.1% | -$613.1M+5.8% | -$650.6M+2.8% | -$669.6M+9.0% | -$736.2M+4.2% | -$768.8M-4.1% | -$738.3M |
| Retained Earnings | -$404.3M+4.8% | -$424.7M-3.3% | -$411.1M+7.7% | -$445.6M+2.5% | -$457.1M+7.4% | -$493.5M+2.8% | -$507.9M-1.9% | -$498.6M |
EMBC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $41.8M+34.4% | $31.1M+80.8% | $17.2M-79.5% | $84.0M+3.4% | $81.2M+155.3% | $31.8M+700.0% | -$5.3M-119.9% | $26.6M |
| Capital Expenditures | $1.1M+120.0% | $500K-16.7% | $600K-91.8% | $7.3M+1725.0% | $400K+300.0% | $100K-93.3% | $1.5M | $0 |
| Free Cash Flow | $40.7M+33.0% | $30.6M+84.3% | $16.6M-78.4% | $76.7M-5.1% | $80.8M+154.9% | $31.7M+566.2% | -$6.8M-125.6% | $26.6M |
| Investing Cash Flow | -$129.5M-25800.0% | -$500K-105.3% | $9.5M+230.1% | -$7.3M-1725.0% | -$400K-300.0% | -$100K+93.3% | -$1.5M | $0 |
| Financing Cash Flow | $112.4M+370.8% | -$41.5M+19.6% | -$51.6M+36.8% | -$81.6M-30.4% | -$62.6M-67.8% | -$37.3M+17.5% | -$45.2M-23.5% | -$36.6M |
| Dividends Paid | $600K-93.3% | $8.9M0.0% | $8.9M+1.1% | $8.8M+1.1% | $8.7M0.0% | $8.7M-1.1% | $8.8M+1.1% | $8.7M |
Not reported in any period shown, so not listed: Share Buybacks.
EMBC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.4%-1.2pp | 57.6%-4.3pp | 61.9%+1.9pp | 60.0%-6.7pp | 66.7%+3.3pp | 63.4%+3.4pp | 60.0%-0.8pp | 60.8% |
| Operating Margin | 17.9%+2.1pp | 15.8%-16.1pp | 31.9%+10.5pp | 21.4%-10.4pp | 31.8%+7.5pp | 24.3%+13.3pp | 11.0%+1.8pp | 9.2% |
| Net Margin | 7.8%+9.6pp | -1.8%-18.7pp | 16.9%+6.9pp | 10.0%-5.4pp | 15.4%+6.3pp | 9.1%+9.1pp | 0.0%-5.1pp | 5.1% |
| Return on Assets | 1.7%+2.1pp | -0.4%-4.5pp | 4.2%+1.7pp | 2.4%-1.5pp | 3.9%+1.8pp | 2.1%+2.1pp | 0.0%-1.1pp | 1.1% |
| Current Ratio | 1.68-0.8x | 2.46-0.2x | 2.64+0.2x | 2.41-0.1x | 2.470.0x | 2.48+0.2x | 2.24+0.2x | 2.03 |
| FCF Margin | 15.0%+1.2pp | 13.8%+7.4pp | 6.4%-22.7pp | 29.0%+1.7pp | 27.3%+15.1pp | 12.2%+14.8pp | -2.6%-11.9pp | 9.3% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$650.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Where Embecta Corp Ranks
Frequently Asked Questions
What is Embecta Corp's annual revenue?
Embecta Corp (EMBC) reported $1.1B in total revenue for fiscal year 2025. This represents a -3.8% 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 Embecta Corp's revenue growing?
Embecta Corp (EMBC) revenue declined by 3.8% year-over-year, from $1.1B to $1.1B in fiscal year 2025.
Is Embecta Corp profitable?
Yes, Embecta Corp (EMBC) reported a net income of $95.4M in fiscal year 2025, with a net profit margin of 8.8%.
What is Embecta Corp's EBITDA?
Embecta Corp (EMBC) had EBITDA of $282.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Embecta Corp have?
As of fiscal year 2025, Embecta Corp (EMBC) had $225.5M in cash and equivalents against $1.4B in long-term debt.
What is Embecta Corp's gross margin?
Embecta Corp (EMBC) had a gross margin of 62.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Embecta Corp's operating margin?
Embecta Corp (EMBC) had an operating margin of 22.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Embecta Corp's net profit margin?
Embecta Corp (EMBC) had a net profit margin of 8.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Embecta Corp pay dividends?
Yes, Embecta Corp (EMBC) paid $0.60 per share in dividends during fiscal year 2025.
What is Embecta Corp's free cash flow?
Embecta Corp (EMBC) generated $182.4M in free cash flow during fiscal year 2025. This represents a 816.6% 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 Embecta Corp's operating cash flow?
Embecta Corp (EMBC) generated $191.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Embecta Corp's total assets?
Embecta Corp (EMBC) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Embecta Corp's capital expenditures?
Embecta Corp (EMBC) invested $9.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Embecta Corp spend on research and development?
Embecta Corp (EMBC) invested $37.3M in research and development during fiscal year 2025.
What is Embecta Corp's current ratio?
Embecta Corp (EMBC) had a current ratio of 2.41 as of fiscal year 2025, which is generally considered healthy.
What is Embecta Corp's return on assets (ROA)?
Embecta Corp (EMBC) had a return on assets of 8.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Embecta Corp's debt-to-equity ratio negative or not reported?
Embecta Corp (EMBC) has negative shareholder equity of -$650.6M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Embecta Corp's Altman Z-Score?
Embecta Corp (EMBC) has an Altman Z-Score of 1.66, placing it in the Distress Zone (elevated bankruptcy 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 Embecta Corp's Piotroski F-Score?
Embecta Corp (EMBC) has a Piotroski F-Score of 6 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Embecta Corp's earnings high quality?
Embecta Corp (EMBC) has an earnings quality ratio of 2.01x, considered cash-backed (high 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.
How financially healthy is Embecta Corp?
Embecta Corp (EMBC) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.