LeMaitre's 14% annualized revenue growth over the last five years was solid and beat the average healthcare company, showing its offerings resonate with customers. The company is positioned as a key player in the niche market of vascular surgery devices. Recent momentum is fueled by international expansion, particularly in EMEA and APAC regions, and strong product performance in high-margin categories.
Cyborg Score Rationale
LeMaitre reported a 16% increase in Q4 2025 sales and a 47% rise in operating income. The company forecasts 2026 revenue of $280 million with a 12% organic sales growth. Strong financial health, consistent execution, analyst upgrades, and shareholder returns underscore operational excellence.
Top Insights
The company achieved a gross margin of 71.7%, with notable growth in product categories like grafts, valvulotomes, and shunts, with geographic improvements including EMEA up 29%, APAC 20%, and the Americas 10%.
A $100 million share repurchase program and a 25% dividend increase have been announced.
The company exhibits strong financial health with a current ratio of 13.58 and a quick ratio of 11.81, and a debt-to-equity ratio of 0.49.
Analysts are updating views after Q4 results, tying moves to double digit organic sales growth, margin expansion and stronger cash flow.
Named Competitors
Vascular Access/Dialysis Grafts — Diversified medical device leader with competing vascular graft offerings
Specialty Vascular Devices — Cardiac and vascular surgery device manufacturer
Biologic Grafts — Established manufacturer of vascular grafts and patches
Recent Developments
(February 2026) Q4 2025 beat on revenue and EPS with 16% sales growth and 47% operating income growth; raised FY2026 guidance
(February 2026) Increased quarterly dividend 25% to $0.25/share and announced $100M share repurchase program
(February 2026) Analyst upgrades from Roth MKM ($117 target) and Citizens JMP ($118 target); Wells Fargo raised to $94
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