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What this page is: Delvantic's full research page for Lemaitre Vascular Inc. (LMAT) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
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Lemaitre Vascular Inc.
LMAT NASDAQ
Healthcare · Medical Instruments & Supplies
Burlington, MA 01803, United States
lemaitre.com
Price
$81.93
Market Cap
$1.9B
Employees
646
Beta
0.52
Avg Volume
373,707
Last Dividend
$0.95
CEO
Mr. George W. LeMaitre
LeMaitre Vascular Inc. develops, manufactures, and markets specialized medical devices and implants designed for vascular surgery and the treatment of peripheral vascular disease. The company offers a comprehensive portfolio of products across six key categories: aortic, arteriovenous access, cardiac, carotid, lower extremity, and neuro applications. Its product lines include allografts—cryopreserved human tissue grafts used in vascular reconstruction—embolectomy catheters for removing blood clots from arteries, thrombectomy catheters for venous thrombi removal, and various synthetic and biologic grafts and patches. LeMaitre also provides human tissue cryopreservation services. The company distributes its products globally through direct sales to hospitals in over 25 countries and through distributors in more than 70 countries across North America, Europe, and Asia-Pacific. Founded in 1986 and headquartered in Burlington, Massachusetts, LeMaitre serves vascular surgeons performing both open surgical procedures and minimally invasive interventions, with the majority of its revenue generated from the United States market.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 14 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Aug 4, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+150.0%
Mar '26
+3.0%
May '26
+72.7%
Jun '26
+2.3%
Jul '26
-8.6%
Aug '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Aug 4, 2026 | $0.81 | $0.74 -8.6% | — | — |
| Jul 28, 2026 | $0.87 | $0.89 +2.3% | — | — |
| Jun 11, 2026 | $-0.33 | $-0.09 +72.7% | — | — |
| May 5, 2026 | $0.66 | $0.68 +3.0% | — | — |
| Mar 4, 2026 | $0.06 | $0.15 +150.0% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 5, 2026 | 10-Q | View |
| Aug 4, 2026 | 8-K | View |
| Jul 29, 2026 | 144 | View |
| Jul 27, 2026 | SCHEDULE 13G | View |
| Jun 5, 2026 | 4 | View |
| Jun 5, 2026 | 4 | View |
| Jun 5, 2026 | 4 | View |
| Jun 5, 2026 | 4 | View |
| Jun 5, 2026 | 4 | View |
| Jun 5, 2026 | 4 | View |
| Jun 5, 2026 | 4 | View |
| Jun 5, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 14, 2026 9:17am (just now)
Current data · timestamped when a report runs
$81.93
Change · Aug 14
-0.20 (-0.24%)
Day Range
$81.80 – $82.97
52-Week Range
$78.65 – $118.01
50-Day MA
$95.51
200-Day MA
$95.53
Volume
271,157.00
Share Structure
Outstanding
22,864,935.00
Float
20,937,948.00
Free Float
91.6%
High free float
— 91.6% of shares trade freely, ~8.4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
32.51
Stock Price: $81.93
EPS (Diluted): 2.52
EPS (Diluted): 2.52
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
4.77
Stock Price: $81.93
Total Equity: $393.52M
Shares: 22,929,000
Total Equity: $393.52M
Shares: 22,929,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
23.55
Market Cap: $1.87B
Total Debt: $0.00
Cash: $28.24M
EBITDA: $78.33M
Total Debt: $0.00
Cash: $28.24M
EBITDA: $78.33M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$1.8B
Market Cap: $1.87B
Total Debt: $0.00
Cash: $28.24M
Total Debt: $0.00
Cash: $28.24M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
71.5%
Gross Profit: $178.54M
Revenue: $249.60M
Revenue: $249.60M
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
27.2%
Operating Income: $67.91M
Revenue: $249.60M
Revenue: $249.60M
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
23.1%
Net Income: $57.73M
Revenue: $249.60M
Revenue: $249.60M
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
14.7%
Net Income: $57.73M
Total Equity: $393.52M
Total Equity: $393.52M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
14.3%
Operating Income: $67.91M
Tax Rate: 23.2%
Equity: $393.52M
Total Debt: $0.00
Cash: $28.24M
Tax Rate: 23.2%
Equity: $393.52M
Total Debt: $0.00
Cash: $28.24M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
12.89
Current Assets: $468.23M
Current Liabilities: $36.32M
Current Liabilities: $36.32M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $393.52M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $393.52M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$10.89
Revenue: $249.60M
Shares: 22,929,000
Shares: 22,929,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$17.16
Total Equity: $393.52M
Shares: 22,929,000
Shares: 22,929,000
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$3.25
Operating CF: $81.25M
CapEx: -$6.78M
Shares: 22,929,000
CapEx: -$6.78M
Shares: 22,929,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
1.2%
Last Dividend: $0.95
Stock Price: $81.93
Stock Price: $81.93
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
31.4%
Dividends Paid: -$18.11M
Net Income: $57.73M
Net Income: $57.73M
Income Statement (Annual)
Last updated: Aug 14, 2026 9:17am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $154.4M | $161.7M | $193.5M | $219.9M | $249.6M |
| Cost of Revenue | $53.0M | $56.8M | $66.4M | $69.0M | $71.1M |
| Gross Profit | $101.4M | $104.9M | $127.0M | $150.9M | $178.5M |
| Operating Expenses | $65.0M | $78.1M | $90.3M | $98.6M | $110.6M |
| Operating Income | $36.4M | $26.8M | $36.7M | $52.3M | $67.9M |
| Net Income | $26.9M | $20.6M | $30.1M | $44.0M | $57.7M |
| EBITDA | $47.5M | $36.3M | $46.2M | $61.9M | $78.3M |
| EPS | $1.27 | $0.94 | $1.36 | $1.96 | $2.55 |
| EPS (Diluted) | $1.25 | $0.93 | $1.34 | $1.93 | $2.52 |
Balance Sheet (Annual)
Last updated: Aug 14, 2026 9:17am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $13.9M | $19.1M | $24.3M | $25.6M | $28.2M |
| Total Current Assets | $139.9M | $161.7M | $194.6M | $402.2M | $468.2M |
| Total Assets | $292.8M | $310.5M | $346.8M | $551.8M | $615.7M |
| Current Liabilities | $21.8M | $25.3M | $29.9M | $30.6M | $36.3M |
| Long-Term Debt | — | — | — | — | — |
| Total Liabilities | $38.7M | $42.3M | $48.9M | $214.5M | $222.2M |
| Total Equity | $254.2M | $268.2M | $297.9M | $337.3M | $393.5M |
| Retained Earnings | $88.1M | $97.8M | $115.4M | $145.1M | $184.7M |
Cash Flow (Annual)
Last updated: Aug 14, 2026 9:17am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $35.1M | $25.4M | $36.8M | $44.1M | $81.3M |
| Capital Expenditure | -$4.9M | -$3.2M | -$7.3M | -$7.0M | -$6.8M |
| Free Cash Flow | $30.2M | $22.1M | $29.5M | $37.2M | $74.5M |
| Acquisitions (net) | $0 | $0 | $-899,000 | $0 | -$1.9M |
| Net Debt Issued / (Repaid) | — | $0 | $0 | $169.3M | $0 |
| Dividends Paid | -$9.3M | -$11.0M | -$12.4M | -$14.4M | -$18.1M |
| Stock Buybacks | $-802,000 | $-642,000 | $-853,000 | -$1.7M | -$1.8M |
| Net Change in Cash | -$12.9M | $5.3M | $5.1M | $1.3M | $2.6M |
Growth Trends (YoY %)
Last updated: Aug 14, 2026 9:17am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +4.7% | +19.7% | +13.6% | +13.5% |
| Gross Profit Growth | +3.5% | +21.1% | +18.8% | +18.3% |
| Operating Income Growth | -26.3% | +36.8% | +42.3% | +30.0% |
| Net Income Growth | -23.3% | +45.9% | +46.3% | +31.1% |
| EBITDA Growth | -23.7% | +27.5% | +34.0% | +26.5% |
Dividend History (Last 20)
Last updated: Aug 14, 2026 9:17am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-08-20 | $0.25 | — | — | — |
| 2026-05-21 | $0.25 | — | — | — |
| 2026-03-12 | $0.25 | — | — | — |
| 2025-11-20 | $0.20 | — | — | — |
| 2025-08-21 | $0.20 | — | — | — |
| 2025-05-15 | $0.20 | — | — | — |
| 2025-03-13 | $0.20 | — | — | — |
| 2024-11-21 | $0.16 | — | — | — |
| 2024-08-15 | $0.16 | — | — | — |
| 2024-05-15 | $0.16 | — | — | — |
| 2024-03-13 | $0.16 | — | — | — |
| 2023-11-15 | $0.14 | — | — | — |
| 2023-08-16 | $0.14 | — | — | — |
| 2023-05-16 | $0.14 | — | — | — |
| 2023-03-08 | $0.14 | — | — | — |
| 2022-11-16 | $0.13 | — | — | — |
| 2022-08-24 | $0.13 | — | — | — |
| 2022-05-16 | $0.13 | — | — | — |
| 2022-03-07 | $0.13 | — | — | — |
| 2021-11-18 | $0.11 | — | — | — |
Industry Benchmarks
Compares LMAT against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for LMAT — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for LMAT — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for LMAT — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for LMAT — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.532 · 1ec19de8 · 2026-08-13 17:53:37