Artivion, Inc. (AORT)

Artivion, Inc. manufactures, processes, and distributes medical devices and implantable human tissues worldwide. The company offers On-X prosthetic aortic and mitral heart valves; On-X ascending aortic prosthesis; CarbonAid CO2 diffusion catheters; Chord-X ePTFE sutures; pyrolytic carbon coating services; E-vita Open NEO, a hybrid stent graft; Arcevo, an LSA hybrid stent graft system; AMDS hybrid prosthesis; and NEXUS ONE, an endovascular stent graft system. It also provides NEXUS DUO, an aortic arch system; NEXUS TRE, a custom-made three branch graft; E-vita thoracic 3G, a stent graft system; E-xtra Design Engineering, a range of stent graft systems for the treatment of aortic vascular diseases, such as TAAA and Artivex; E-nside, a multibranch stent graft system; E-tegra, an AAA stent graft system; E-ventus BX and Tuva BX balloon-expandable peripheral stent grafts; and E-liac, a stent graft used to treat aneurysmal iliac arteries. In addition, the company offers synthetic vascular grafts that are used in open aortic and peripheral vascular surgical procedures; BioGlue, a surgical sealant; CryoValve SG pulmonary heart valve; CryoPatch SG pulmonary cardiac patch; SynerGraft, a decellularization technology; vascular preservation services; and PhotoFix, a bovine pericardial patch fixated. It markets its products and preservation services primarily to physicians through a direct sales team to hospitals and other healthcare facilities. The company was formerly known as CryoLife, Inc. and changed its name to Artivion, Inc. in January 2022. Artivion, Inc. was incorporated in 1984 and is headquartered in Kennesaw, Georgia.

Symbol
AORT
Exchange
NYSE
Sector
Healthcare
Industry
Medical Devices
Market cap
$1.14B
52 week range
19.16 - 48.25

Valuation

Share price
$23.53 (close of 2026-09-23)
P/E (TTM)
-470.60x
Price to book
2.56x
Price to free cash flow
-124.73x
Enterprise value
$1.47B
Book value per share
$9.18

Price performance

PeriodChange
1 day-0.42%
5 days-7.29%
1 month-16.20%
3 months+13.78%
6 months-34.13%
Year to date-48.41%
1 year-42.75%
3 years+56.45%
5 years-0.63%
10 years+29.71%
All time+488.25%

Profitability and growth

Return on equity
2.18%
Return on invested capital
4.48%
Return on assets
1.10%
Return on capital employed
4.31%
Gross margin
64.40%
Net margin
2.21%
EBITDA margin
12.73%
Revenue growth
13.59%
Net income growth
173.12%
Free cash flow growth
-92.41%

Cash flow and balance sheet

Free cash flow yield (TTM)
-0.80%
Current ratio
3.47x
Net debt to EBITDA
6.48x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$441.33M
Cost of revenue
$157.10M
Gross profit
$284.23M
EBITDA
$56.20M
Net income
$9.77M
Earnings per share
$0.22
Research and development
$30.99M
Shares outstanding
45.34M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$441.33M$284.23M$9.77M$0.22
2024-12-31$388.54M$248.78M$-13.36M$-0.32
2023-12-31$354.00M$229.18M$-30.69M$-0.75
2022-12-31$313.79M$202.52M$-19.19M$-0.48
2021-12-31$298.84M$197.51M$-14.83M$-0.38
2020-12-31$253.23M$167.78M$-16.68M$-0.44
2019-12-31$276.22M$183.01M$1.72M$0.05
2018-12-31$262.84M$172.98M$-2.84M$-0.08
2017-12-31$189.70M$128.64M$3.70M$0.11
2016-12-31$180.38M$118.90M$10.78M$0.33

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3164.40%2.21%2.18%4.48%
2024-12-3164.03%-3.44%-4.84%5.65%
2023-12-3164.74%-8.67%-10.89%0.49%
2022-12-3164.54%-6.12%-6.75%0.52%
2021-12-3166.09%-4.96%-4.93%1.33%
2020-12-3166.26%-6.59%-5.07%0.42%
2019-12-3166.26%0.62%0.60%3.43%
2018-12-3165.81%-1.08%-1.03%2.04%
2017-12-3167.81%1.95%1.34%1.75%
2016-12-3165.92%5.98%5.16%6.34%

Cash and debt by year

Period endCashDebt
2025-12-31$64.91M$215.11M
2024-12-31$53.46M$314.15M
2023-12-31$58.94M$305.53M
2022-12-31$39.35M$306.50M
2021-12-31$55.01M$307.49M
2020-12-31$61.41M$290.47M
2019-12-31$33.77M$214.57M
2018-12-31$41.49M$215.72M
2017-12-31$39.98M$218.24M
2016-12-31$56.64M$67.01M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$839.00K$24.39M
2024-12-31$11.05M$14.24M
2023-12-31$9.07M$14.42M
2022-12-31$-15.87M$12.34M
2021-12-31$-15.68M$10.71M
2020-12-31$5.04M$6.91M
2019-12-31$7.75M$8.80M
2018-12-31$4.09M$6.33M
2017-12-31$4.17M$6.92M
2016-12-31$13.52M$6.33M

Dividend history

Most recent payment
2015-12-09
Payment dateDividend per share
2015-12-09$0.03
2015-09-09$0.03
2015-06-10$0.03
2015-03-11$0.03
2014-12-10$0.03
2014-09-10$0.03
2014-06-11$0.03
2014-03-12$0.03

Investor relations

Next earnings report

Next confirmed report
2026-11-05
Consensus EPS estimate
$0.11

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-06Jun/2026$0.13
2026-05-07--
2025-11-06--
2025-08-07--
2025-05-05--
2025-02-24--
2025-02-13--
2024-11-07--

Filings and sources

Company website
artivion.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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