Growth & profitability
- Revenue has grown 20.2% per year over the past 5 years.
- Operating margin has expanded, at 13.5% in the latest year.
Financial health
- Operating income covered interest expense 144× in the latest year.
PEN Financials Penumbra Inc
13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1.4B | $178M | 67.1% | 13.5% | $175M | — | $187M |
| 2024 | $1.2B | $14M | 63.2% | 0.8% | $147M | — | $324M |
| 2023 | $1.1B | $91M | 64.5% | 6.9% | $82M | — | $167M |
| 2022 | $847M | -$2M | 63.2% | 0.7% | -$75M | — | $70M |
| 2021 | $748M | $5M | 63.6% | -1.0% | -$12M | — | $59M |
| 2020 | $560M | -$16M | 60.3% | -6.9% | -$58M | — | $70M |
| 2019 | $547M | $48M | 68.0% | 8.7% | $5M | — | $73M |
| 2018 | $445M | $7M | 65.7% | -0.2% | $19M | — | $68M |
| 2017 | $334M | $5M | 65.1% | 0.3% | $159000 | — | $51M |
| 2016 | $263M | $15M | 64.9% | -0.5% | -$26M | — | $13M |
| 2015 | — | $2M | — | — | -$26M | — | $20M |
| 2014 | — | $2M | — | — | -$10M | — | $3M |
| 2013 | — | $4M | — | — | -$4M | — | $4M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $375M | $33M | 67.6% | 10.2% | $73M | — | $241M |
| Dec '25 | — | $47M | — | — | $68M | — | $187M |
| Sep '25 | $355M | $46M | 67.8% | 13.8% | $42M | — | $321M |
| Jun '25 | $339M | $45M | 66.0% | 12.0% | $29M | — | $422M |
| Mar '25 | $324M | $39M | 66.6% | 12.4% | $36M | — | $376M |
| Dec '24 | — | $34M | — | — | $46M | — | $324M |
| Sep '24 | $301M | $30M | 66.5% | 11.7% | $51M | — | $280M |
| Jun '24 | $299M | -$60M | 54.4% | -27.0% | $18M | — | $288M |
| Mar '24 | $279M | $11M | 65.0% | 4.3% | $32M | — | $223M |
| Dec '23 | — | $54M | — | — | $33M | — | $167M |
| Sep '23 | $271M | $9M | 65.6% | 4.7% | $28M | — | $101M |
| Jun '23 | $261M | $19M | 63.8% | 6.8% | $13M | — | $114M |
| Mar '23 | $241M | $9M | 62.6% | 3.3% | $9M | — | $95M |
| Dec '22 | — | $4M | — | — | -$2M | — | $70M |
| Sep '22 | $214M | -$2M | 63.3% | 2.5% | -$19M | — | $55M |
| Jun '22 | $208M | -$4M | 64.3% | -0.1% | -$44M | — | $58M |
| Mar '22 | $204M | $79000 | 62.5% | -2.0% | -$9M | — | $68M |
| Dec '21 | — | -$25M | — | — | -$17M | — | $59M |
| Sep '21 | $190M | $9M | 63.1% | 4.6% | $31M | — | $66M |
| Jun '21 | $184M | $9M | 64.4% | 5.6% | -$7M | — | — |
Valuation over time
How the market has priced PEN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 109.0× (Jan '24) to 70.2× (Jun '26).
- The price-to-sales ratio has fallen from 12.9× (Mar '23) to 8.9× (Jun '26).
P/E
P/S
Frequently asked questions
Is PEN growing its revenue and profit?
Over the past 5 years, Penumbra Inc's revenue has grown 20.2% per year. These are computed facts, not advice.
How much debt does PEN have?
As of FY2025, Penumbra Inc reported — of total debt against $187M of cash; operating income covered interest expense 144×.
What is PEN's profit margin?
In FY2025, gross margin was 67.1%, operating margin 13.5%, and net margin 12.7%.
What is PEN's P/E ratio?
As of Jun '26, Penumbra Inc traded at a price-to-earnings ratio of about 70.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.