Livanova Plc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Livanova Plc has an operating margin of 10.3%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is up from -5.9% the prior year.
Livanova Plc's revenue grew 8.7% year-over-year to $1.3B, a solid pace of expansion. This earns a growth score of 53/100.
Livanova Plc carries a low D/E ratio of 0.42, meaning only $0.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.87, Livanova Plc holds $2.87 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 95/100.
Livanova Plc has a free cash flow margin of 10.8%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.
Livanova Plc generates a 4.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is up from 1.4% the prior year.
Livanova Plc scores 2.33, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($3.6B) relative to total liabilities ($1.2B). This signals moderate financial risk that warrants monitoring.
Livanova Plc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Livanova Plc generates $2.89 in operating cash flow ($183.0M OCF vs $63.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Livanova Plc earns $2.0 in operating income for every $1 of interest expense ($129.1M vs $63.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
This page shows Livanova Plc (LIVN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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
Livanova Plc generated $1.3B in revenue in fiscal year 2024. This represents an increase of 8.7% from the prior year.
Livanova Plc's EBITDA was $154.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 452.3% from the prior year.
Livanova Plc generated $135.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 240.4% from the prior year.
Livanova Plc reported $63.2M in net income in fiscal year 2024. This represents an increase of 260.4% from the prior year.
Livanova Plc earned $1.16 per diluted share (EPS) in fiscal year 2024. This represents an increase of 262.5% from the prior year.
Livanova Plc held $428.9M in cash against $549.6M in long-term debt as of fiscal year 2024.
Livanova Plc had 54M shares outstanding in fiscal year 2024. This represents an increase of 0.8% from the prior year.
Livanova Plc's gross margin was 68.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the prior year.
Livanova Plc's operating margin was 10.3% in fiscal year 2024, reflecting core business profitability. This is up 16.2 percentage points from the prior year.
Livanova Plc's net profit margin was 5.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.5 percentage points from the prior year.
Livanova Plc's ROE was 4.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 3.4 percentage points from the prior year.
Livanova Plc invested $182.5M in research and development in fiscal year 2024. This represents a decrease of 5.8% from the prior year.
Livanova Plc invested $47.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 34.7% from the prior year.
LIVN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $357.8M+1.5% | $352.5M+11.3% | $316.9M-1.5% | $321.8M+1.0% | $318.6M+8.0% | $294.9M-4.9% | $310.1M+8.4% | $286.1M |
| Cost of Revenue | $112.9M-0.6% | $113.5M+12.9% | $100.6M-6.4% | $107.5M+3.6% | $103.7M+13.1% | $91.7M-32.3% | $135.4M+60.6% | $84.3M |
| Gross Profit | $244.9M+2.5% | $239.0M+10.5% | $216.3M+0.9% | $214.4M-0.2% | $214.9M+5.7% | $203.2M+16.3% | $174.7M-13.4% | $201.8M |
| R&D Expenses | $48.6M+3.0% | $47.2M+24.6% | $37.9M-12.5% | $43.3M-3.2% | $44.7M-2.0% | $45.7M-1.1% | $46.2M-0.8% | $46.5M |
| SG&A Expenses | $138.5M+0.5% | $137.8M+6.7% | $129.1M-1.1% | $130.6M+4.4% | $125.1M-0.4% | $125.7M+6.6% | $117.9M-12.5% | $134.8M |
| Operating Income | $54.0M-0.3% | $54.2M+11.4% | $48.6M+31.3% | $37.0M-7.8% | $40.2M+147.2% | $16.2M+118.5% | -$88.0M-2073.8% | $4.5M |
| Interest Expense | $10.9M-11.5% | $12.3M-19.7% | $15.3M-3.1% | $15.8M+1.5% | $15.5M-2.3% | $15.9M+1.7% | $15.6M+4.2% | $15.0M |
| Income Tax | $7.1M+15.7% | $6.2M-47.2% | $11.7M+1878.9% | $589K-88.7% | $5.2M-32.3% | $7.7M+107.0% | -$110.7M-2184.6% | $5.3M |
| Net Income | $26.8M-1.4% | $27.2M+108.3% | -$327.3M-685.6% | $55.9M+242.2% | $16.3M+138.9% | -$41.9M-356.7% | $16.3M+323.3% | -$7.3M |
| EPS (Diluted) | $0.49-2.0% | $0.50+108.3% | $-6.01-677.9% | $1.04+246.7% | $0.30+138.5% | $-0.78-360.0% | $0.30+314.3% | $-0.14 |
LIVN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B+2.0% | $2.5B-2.0% | $2.6B+2.1% | $2.5B+2.2% | $2.5B-0.3% | $2.5B+1.2% | $2.4B+4.3% | $2.3B |
| Current Assets | $1.1B+2.9% | $1.1B-9.0% | $1.2B+3.9% | $1.1B+7.7% | $1.0B+0.6% | $1.0B+5.2% | $988.2M+3.6% | $953.9M |
| Cash & Equivalents | $646.1M+8.8% | $593.6M-19.6% | $738.4M+72.2% | $428.9M+30.3% | $329.2M+6.5% | $309.2M+16.0% | $266.5M+13.9% | $233.9M |
| Inventory | $167.5M+1.3% | $165.3M+7.4% | $154.0M+4.4% | $147.6M-4.6% | $154.7M+1.0% | $153.2M+3.6% | $147.9M-8.5% | $161.5M |
| Accounts Receivable | $211.6M-3.9% | $220.2M+9.0% | $202.1M+4.6% | $193.2M-3.8% | $200.9M-4.1% | $209.4M-2.6% | $215.1M+13.3% | $189.9M |
| Goodwill | $791.0M-0.3% | $793.4M+4.1% | $761.9M+1.6% | $750.0M-2.1% | $766.4M-0.7% | $771.8M-1.4% | $782.9M+2.1% | $767.1M |
| Total Liabilities | $1.4B+1.2% | $1.4B-9.2% | $1.5B+28.5% | $1.2B-2.0% | $1.2B-2.2% | $1.2B+7.5% | $1.2B+4.3% | $1.1B |
| Current Liabilities | $827.6M+0.1% | $827.1M+11.5% | $741.6M+89.1% | $392.1M+29.4% | $303.0M-7.6% | $327.8M-2.2% | $335.0M+13.4% | $295.4M |
| Long-Term Debt | $349.0M+0.2% | $348.5M-36.5% | $549.2M-0.1% | $549.6M-9.2% | $605.4M+0.1% | $604.8M+6.4% | $568.5M+0.1% | $568.2M |
| Total Equity | $1.2B+3.1% | $1.1B+8.6% | $1.0B-21.7% | $1.3B+6.3% | $1.2B+1.7% | $1.2B-4.4% | $1.3B+4.3% | $1.2B |
| Retained Earnings | -$1.2B+2.2% | -$1.2B+2.2% | -$1.2B-36.2% | -$903.3M+9.0% | -$992.1M+1.6% | -$1.0B-4.3% | -$966.5M+1.7% | -$982.8M |
LIVN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $85.1M+35.2% | $62.9M+162.5% | $24.0M-69.6% | $78.7M+81.5% | $43.4M+334.4% | $10.0M-81.5% | $54.0M+197.5% | $18.1M |
| Capital Expenditures | $22.9M+51.1% | $15.1M+40.4% | $10.8M+3.7% | $10.4M-14.4% | $12.2M+90.0% | $6.4M-50.5% | $12.9M+48.2% | $8.7M |
| Free Cash Flow | $62.2M+30.2% | $47.8M+262.6% | $13.2M-80.7% | $68.3M+118.9% | $31.2M+770.8% | $3.6M-91.3% | $41.0M+335.8% | $9.4M |
| Investing Cash Flow | -$23.1M-157.1% | -$9.0M+15.6% | -$10.6M+0.7% | -$10.7M+14.8% | -$12.6M-97.5% | -$6.4M+47.6% | -$12.1M-20.7% | -$10.1M |
| Financing Cash Flow | -$9.4M+95.5% | -$209.0M-4627.0% | -$4.4M-28.4% | -$3.4M+71.0% | -$11.9M-132.0% | $37.1M+840.3% | -$5.0M-17.3% | -$4.3M |
| 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 |
LIVN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.4%+0.7pp | 67.8%-0.5pp | 68.3%+1.6pp | 66.6%-0.8pp | 67.5%-1.4pp | 68.9%+12.6pp | 56.3%-14.2pp | 70.5% |
| Operating Margin | 15.1%-0.3pp | 15.4%+0.0pp | 15.3%+3.8pp | 11.5%-1.1pp | 12.6%+7.1pp | 5.5%+33.9pp | -28.4%-29.9pp | 1.6% |
| Net Margin | 7.5%-0.2pp | 7.7%+111.0pp | -103.3%-120.7pp | 17.4%+12.2pp | 5.1%+19.4pp | -14.2%-19.5pp | 5.3%+7.8pp | -2.6% |
| Return on Equity | 2.3%-0.1pp | 2.4% | N/A | 4.2%+2.9pp | 1.3% | N/A | 1.3% | N/A |
| Return on Assets | 1.1%-0.0pp | 1.1%+13.9pp | -12.8%-15.0pp | 2.2%+1.6pp | 0.7%+2.4pp | -1.7%-2.4pp | 0.7%+1.0pp | -0.3% |
| Current Ratio | 1.33+0.0 | 1.29-0.3 | 1.58-1.3 | 2.87-0.6 | 3.45+0.3 | 3.17+0.2 | 2.95-0.3 | 3.23 |
| Debt-to-Equity | 0.300.0 | 0.31-0.2 | 0.53+0.1 | 0.42-0.1 | 0.490.0 | 0.50+0.1 | 0.45-0.0 | 0.46 |
| FCF Margin | 17.4%+3.8pp | 13.6%+9.4pp | 4.2%-17.1pp | 21.2%+11.4pp | 9.8%+8.6pp | 1.2%-12.0pp | 13.2%+9.9pp | 3.3% |
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Frequently Asked Questions
What is Livanova Plc's annual revenue?
Livanova Plc (LIVN) reported $1.3B in total revenue for fiscal year 2024. This represents a 8.7% 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 Livanova Plc's revenue growing?
Livanova Plc (LIVN) revenue grew by 8.7% year-over-year, from $1.2B to $1.3B in fiscal year 2024.
Is Livanova Plc profitable?
Yes, Livanova Plc (LIVN) reported a net income of $63.2M in fiscal year 2024, with a net profit margin of 5.0%.
What is Livanova Plc's earnings per share (EPS)?
Livanova Plc (LIVN) reported diluted earnings per share of $1.16 for fiscal year 2024. This represents a 262.5% 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 Livanova Plc's EBITDA?
Livanova Plc (LIVN) had EBITDA of $154.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Livanova Plc have?
As of fiscal year 2024, Livanova Plc (LIVN) had $428.9M in cash and equivalents against $549.6M in long-term debt.
What is Livanova Plc's gross margin?
Livanova Plc (LIVN) had a gross margin of 68.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Livanova Plc's operating margin?
Livanova Plc (LIVN) had an operating margin of 10.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Livanova Plc's net profit margin?
Livanova Plc (LIVN) had a net profit margin of 5.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Livanova Plc's return on equity (ROE)?
Livanova Plc (LIVN) has a return on equity of 4.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Livanova Plc's free cash flow?
Livanova Plc (LIVN) generated $135.9M in free cash flow during fiscal year 2024. This represents a 240.4% 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 Livanova Plc's operating cash flow?
Livanova Plc (LIVN) generated $183.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Livanova Plc's total assets?
Livanova Plc (LIVN) had $2.5B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Livanova Plc's capital expenditures?
Livanova Plc (LIVN) invested $47.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Livanova Plc spend on research and development?
Livanova Plc (LIVN) invested $182.5M in research and development during fiscal year 2024.
How many shares does Livanova Plc have outstanding?
Livanova Plc (LIVN) had 54M shares outstanding as of fiscal year 2024.
What is Livanova Plc's current ratio?
Livanova Plc (LIVN) had a current ratio of 2.87 as of fiscal year 2024, which is generally considered healthy.
What is Livanova Plc's debt-to-equity ratio?
Livanova Plc (LIVN) had a debt-to-equity ratio of 0.42 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Livanova Plc's return on assets (ROA)?
Livanova Plc (LIVN) had a return on assets of 2.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Livanova Plc's Altman Z-Score?
Livanova Plc (LIVN) has an Altman Z-Score of 2.33, 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 Livanova Plc's Piotroski F-Score?
Livanova Plc (LIVN) has a Piotroski F-Score of 7 out of 9, indicating strong 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 Livanova Plc's earnings high quality?
Livanova Plc (LIVN) has an earnings quality ratio of 2.89x, 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.
Can Livanova Plc cover its interest payments?
Livanova Plc (LIVN) has an interest coverage ratio of 2.0x, meaning it can adequately 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 Livanova Plc?
Livanova Plc (LIVN) scores 61 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.