Embecta Corp. (EMBC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.27	$0.56	+107.4%	—	$271.7M	—
Q2 26	$0.42	$0.27	-35.7%	—	$221.8M	—
Q1 26	$0.67	$0.71	+6.0%	—	$261.2M	—
Q3 25	$0.78	$1.12	+43.6%	—	$295.5M	—
Q2 25	$0.59	$0.7	+18.6%	—	$259M	—
Q1 25	$0.44	$0.65	+47.7%	—	$261.9M	—
Q4 24	$0.36	$0.45	+25.0%	—	$286.1M	—
Q3 24	$0.46	$0.74	+60.9%	—	$272.5M	—
Q2 24	$0.4	$0.67	+67.5%	—	$287.2M	—
Q1 24	$0.46	$0.61	+32.6%	—	$277.3M	—
Q4 23	$0.4	$0.59	+47.5%	—	$281.9M	—
Q3 23	$0.46	$0.69	+50.0%	—	$286.1M	—
Q2 23	$0.48	$0.75	+56.3%	—	$277.1M	—
Q1 23	$0.52	$0.96	+84.6%	—	$275.7M	—
Q4 22	$0.67	$0.23	-65.7%	—	$274.6M	—
Q3 22	$0.87	$1.21	+39.1%	—	$291.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.64	—	—	$1.1B	—
FY24	—	$1.36	—	—	$1.1B	—
FY23	—	$1.23	—	—	$1.1B	—
FY22	—	$3.92	—	—	$1.1B	—
FY21	—	$7.28

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.1B	$1.1B	$1.2B	$1.1B	$1.1B	$1.1B	$1.1B
YoY change	—	-2.12%	+7.35%	-3.07%	-0.77%	+0.21%	-3.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.1B	1.1B	1.2B	1.1B	1.1B	1.1B	1.1B
Cost of revenue	323M	322.9M	364.9M	354.6M	370.9M	387.9M	403.6M
Gross profit	786M	762.6M	800.4M	774.9M	749.9M	735.2M	676.8M
Gross margin	70.9%	70.3%	68.7%	68.6%	66.9%	65.5%	62.6%
Research & development	62M	61.4M	63.3M	66.9M	85.2M	78.8M	37.3M
Selling, general & administrative	222M	214.7M	240.3M	294.8M	341.3M	365.1M	332M
Operating expenses	284M	276.1M	308.4M	406.4M	427.6M	443.9M	370M
Operating income	502M	486.5M	492M	368.5M	322.3M	285M	296.4M
Operating margin	45.3%	44.8%	42.2%	32.6%	28.8%	25.4%	27.4%
Non-operating income, net	-2M	-700K	2.9M	-65.7M	-109.6M	-128.5M	-52.8M
Pretax income	500M	485.8M	494.9M	256.6M	105.7M	44.2M	136.3M
Income tax	68M	58.2M	80.1M	33M	35.3M	-34.1M	40.9M
Net income	432M	427.6M	414.8M	223.6M	70.4M	78.3M	95.4M
Net margin	39%	39.4%	35.6%	19.8%	6.28%	6.97%	8.83%
EBITDA	538M	524.1M	533.2M	393.4M	346.1M	310.9M	338.6M
EPS	7.58	7.5	7.28	3.92	1.23	1.36	1.64
Diluted EPS	7.58	7.5	7.28	3.89	1.22	1.34	1.62

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	281.9M	277.3M	287.2M	272.5M	286.1M	261.9M	259M	295.5M	264M	261.2M	221.8M	271.7M
Cost of revenue	100.1M	91.4M	101.8M	82.4M	112.3M	104.8M	94.9M	98.4M	105.5M	99.5M	94M	118.4M
Gross profit	181.8M	185.9M	185.4M	190.1M	173.8M	157.1M	164.1M	197.1M	158.5M	161.7M	127.8M	153.3M
Gross margin	64.5%	67%	64.6%	69.8%	60.7%	60%	63.4%	66.7%	60%	61.9%	57.6%	56.4%
Research & development	23.6M	20.2M	18.4M	20.4M	19.8M	20.3M	8M	4.4M	4.6M	4.6M	5.4M	5.6M
Selling, general & administrative	95.7M	90.3M	92.3M	85.7M	96.8M	81.1M	79.6M	84.4M	86.9M	77.6M	76.2M	78.6M
Operating expenses	153.5M	111.7M	146.2M	134.2M	116.6M	101.2M	87.7M	89.5M	91.6M	82.8M	82.3M	86.4M
Operating income	28.3M	73.8M	39.2M	55.9M	144.4M	53.4M	73.7M	105M	64.3M	76.3M	42.9M	64.3M
Operating margin	10%	26.6%	13.6%	20.5%	50.5%	20.4%	28.5%	35.5%	24.4%	29.2%	19.3%	23.7%
Non-operating income, net	4.3M	-31.8M	-1.5M	-1.1M	-122.4M	-26.2M	-11.2M	-6.2M	-9.2M	6.7M	-10.8M	-12.8M
Pretax income	5M	14.3M	9.9M	27M	-7M	-700K	35.8M	72.2M	29M	58.9M	9.5M	27.6M
Income tax	-1M	-5.8M	-19M	12.3M	-21.6M	-700K	12.3M	26.7M	2.6M	14.8M	13.6M	6.5M
Net income	6M	20.1M	28.9M	14.7M	14.6M	0	23.5M	45.5M	26.4M	44.1M	-4.1M	21.1M
Net margin	2.13%	7.25%	10.1%	5.39%	5.1%	0%	9.07%	15.4%	10%	16.9%	-1.85%	7.77%
EBITDA	41.9M	79.5M	47.9M	65.9M	27.7M	63.8M	85M	121.6M	68.2M	88.9M	52.8M	80.3M
EPS	0.1	0.35	0.5	0.25	0.25	0	0.4	0.78	0.45	0.75	-0.07	0.36
Diluted EPS	0.1	0.35	0.5	0.25	0.25	0	0.4	0.78	0.45	0.74	-0.07	0.36

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	1.6B	861.6M	811.8M	822.7M	336M
Enterprise value	—	—	—	3B	2.2B	2.2B	2B	1.6B
Shares outstanding	57M	57M	57M	57M	57.2M	57.6M	58.3M	58.3M

Valuation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	7.34	12.2	10.4	8.62	4.03
P/S	—	—	—	1.45	0.77	0.72	0.76	0.33
P/B	—	—	—	-1.84	-1.05	-1.1	-1.26	-0.57
EV/EBITDA	—	—	—	7.51	6.28	6.92	5.99	5.76
EV/Sales	—	—	—	2.62	1.94	1.92	1.88	1.59
Earnings yield	—	—	—	13.6%	8.17%	9.65%	11.6%	24.8%
FCF yield	—	—	—	23.6%	4.78%	2.45%	22.2%	41.1%
PEG	—	—	—	—	—	—	—	-0.07

Profitability

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	70.9%	70.3%	68.7%	68.6%	66.9%	65.5%	62.6%	56.4%
Operating margin	45.3%	44.8%	42.2%	32.6%	28.8%	25.4%	27.4%	23.7%
Net margin	39%	39.4%	35.6%	19.8%	6.28%	6.97%	8.83%	8.59%
ROE	—	74.8%	69.8%	-25.1%	-8.57%	-10.6%	-14.6%	-14.6%
ROA	—	57.9%	52.6%	20.6%	5.8%	6.09%	8.75%	12.2%
ROIC	—	74.9%	69.4%	76.2%	43.8%	47.3%	37.5%	26.3%
Return on tangible assets	—	63.1%	57.6%	21.6%	6.04%	6.33%	9.12%	8.02%

Financial health

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	1.72	1.78	2.21	2.12	2.03	2.41	1.68
Quick ratio	—	0.97	1.06	1.8	1.69	1.58	1.73	1.17
Debt / equity	—	—	0	-1.84	-1.99	-2.18	-2.2	-0.02
Debt / assets	—	—	0	1.51	1.35	1.25	1.31	1.17
Net debt / EBITDA	—	—	0	3.34	3.79	4.31	3.56	4.38
Interest coverage	—	—	—	6.55	1.99	1.39	2.27	2.29
Effective tax rate	13.6%	12%	16.2%	12.9%	33.4%	0%	30%	30%

Per share

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	19.5	19	20.4	19.8	19.6	19.5	18.5	17.3
EPS (basic)	7.58	7.5	7.28	3.92	1.23	1.36	1.64	1.64
EPS (diluted)	7.58	7.5	7.28	3.89	1.22	1.34	1.62	1.47
Book value per share	—	10	10.4	-15.6	-14.4	-12.8	-11.2	-10.8
FCF per share	7.65	8.01	7.32	6.81	0.72	0.35	3.13	2.81
Cash per share	—	—	0	5.8	5.7	4.65	3.87	3.79
Capex per share	—	—	—	—	—	—	0.16	0.16

Capital allocation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	0.86%	0.93%
Capex / operating cash flow	—	—	—	—	—	—	4.85%	5.46%
Payout ratio	—	0%	0%	3.85%	48.9%	44.1%	36.7%	31.3%
Dividend yield	—	—	—	0.52%	3.99%	4.25%	4.25%	0.67%

Yield

0.67%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.01

ex-dividend Aug 27, 2026

Payout ratio

31%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 27, 2026	$0.01
May 28, 2026	$0.01
Feb 27, 2026	$0.15
Dec 5, 2025	$0.15
Aug 29, 2025	$0.15
May 28, 2025	$0.15
Feb 28, 2025	$0.15
Dec 6, 2024	$0.15

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	—	0	330.9M	326.3M	267.5M	225.5M
Receivables	120M	150.6M	22.2M	16.7M	193M	145.6M
Inventory	102M	118M	122.8M	152.1M	171.5M	178.6M
Total current assets	235M	291.8M	664.7M	749.1M	761M	631.4M
Property, plant & equipment	343M	330.5M	177.9M	175.7M	168.7M	136.2M
Goodwill & intangibles	60M	67.8M	49.2M	49.4M	47.4M	44.8M
Total assets	738M	788M	1.1B	1.2B	1.3B	1.1B
Accounts payable	50M	54.2M	41.4M	53.5M	91M	74.2M
Short-term debt	—	—	13.1M	13.1M	12.9M	12.9M
Total current liabilities	137M	164M	301M	353.5M	374M	261.5M
Long-term debt	—	0	1.6B	1.6B	1.6B	1.4B
Total liabilities	166M	193.7M	2B	2B	2B	1.7B
Shareholders' equity	572M	594.3M	-891.4M	-821.7M	-738.3M	-651.2M
Total debt	—	0	1.6B	1.6B	1.6B	1.4B
Net debt	—	0	1.3B	1.3B	1.3B	1.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	326.3M	298.7M	299.8M	275.1M	267.5M	210M	209.3M	230.6M	225.5M	201.3M	184.9M	214.7M
Receivables	16.7M	96.1M	123.7M	171.8M	193M	180.9M	185.6M	182.8M	145.6M	159.2M	147.1M	182.2M
Inventory	152.1M	149.2M	153.2M	185.6M	171.5M	169.1M	169.2M	189.9M	178.6M	181.8M	192.6M	214.2M
Total current assets	749.1M	719.5M	710M	781.1M	761M	667.2M	643.4M	681.5M	631.4M	620.2M	608.1M	705.1M
Property, plant & equipment	175.7M	178.8M	172.2M	172.3M	168.7M	143.1M	140M	141.1M	136.2M	127.9M	120.7M	140.2M
Goodwill & intangibles	49.4M	48.6M	48.2M	47.6M	47.4M	46.8M	46.2M	45.4M	44.8M	44.2M	43.8M	174.8M
Total assets	1.2B	1.2B	1.2B	1.3B	1.3B	1.1B	1.1B	1.2B	1.1B	1.1B	1B	1.3B
Accounts payable	53.5M	42.1M	52.6M	66.8M	91M	73M	58.8M	61.9M	74.2M	72.1M	79.7M	90.5M
Short-term debt	13.1M	13.2M	13.2M	12.9M	12.9M	12.9M	12.9M	12.9M	12.9M	13M	13M	142.9M
Total current liabilities	353.5M	326.6M	310.4M	370.7M	374M	298.2M	259.3M	275.5M	261.5M	234.7M	247.3M	419.8M
Long-term debt	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.5B	1.5B	1.4B	1.4B	1.3B	1.3B
Total liabilities	2B	2B	2B	2B	2B	1.9B	1.9B	1.8B	1.7B	1.7B	1.7B	1.9B
Shareholders' equity	-821.7M	-793.5M	-769.6M	-763.7M	-738.3M	-768.8M	-736.2M	-669.6M	-651.2M	-613.1M	-626.1M	-612.7M
Total debt	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.5B	1.4B	1.4B	1.4B	1.5B
Net debt	1.3B	1.3B	1.3B	1.4B	1.3B	1.4B	1.3B	1.3B	1.2B	1.2B	1.2B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	432M	427.6M	414.8M	223.6M	70.4M	78.3M	95.4M
Depreciation & amortization	36M	38.3M	38.3M	31.7M	32.6M	36.2M	40.7M
Stock-based compensation	12M	12.7M	12.8M	18.7M	21.5M	26.3M	31.6M
Change in working capital	31M	-2.7M	-8.6M	136.8M	-53.2M	-100.4M	-4.1M
Operating cash flow	506M	473.7M	455.5M	387.5M	92M	-17M	191.7M
Capital expenditure	—	—	—	—	—	—	-9.3M
Investing cash flow	—	—	—	—	—	—	-9.3M
Dividends paid	—	0	0	-8.6M	-34.4M	-34.5M	-35M
Share repurchases	—	—	—	—	—	—	—
Financing cash flow	-436M	-456.6M	-417.1M	-53.6M	-48.7M	-73.4M	-226.7M
Net change in cash	70M	17.1M	38.4M	333.9M	43.3M	-90.4M	-44.3M
Free cash flow	436M	456.6M	417.1M	388.2M	41.2M	19.9M	182.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	6M	20.1M	28.9M	14.7M	14.6M	0	23.5M	45.5M	26.4M	44.1M	-4.1M	21.1M
Depreciation & amortization	9.3M	9.2M	10.2M	11.1M	5.7M	11.9M	11.7M	11.8M	5.3M	12.9M	12.8M	13.2M
Stock-based compensation	4.9M	7.3M	6.5M	6.3M	6.2M	8.9M	7.3M	5.9M	9.5M	5.9M	5.7M	4.2M
Change in working capital	5.8M	-82.4M	18.3M	-63.9M	27.6M	-24.2M	-19.4M	10.1M	29.4M	-41.1M	7.9M	7.6M
Operating cash flow	39.7M	-61.2M	42.9M	-33.5M	34.8M	1M	28.4M	81.2M	84M	17.2M	31.1M	41.8M
Capital expenditure	—	—	—	—	—	—	—	-400K	-7.3M	-600K	-500K	-1.1M
Investing cash flow	—	—	—	—	—	—	—	-400K	-7.3M	-600K	-500K	-1.1M
Dividends paid	-8.6M	-8.6M	-8.6M	-8.6M	-8.7M	-8.8M	-8.7M	-8.7M	-8.8M	-8.9M	-8.9M	-600K
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-9.7M	-13.5M	-11.8M	-11.5M	-36.6M	-45.2M	-37.3M	-62.6M	-81.6M	-51.6M	-41.5M	-58.9M
Net change in cash	30M	-74.7M	31.1M	-45M	-1.8M	-44.2M	-8.9M	18.2M	-4.9M	-35M	-10.9M	-18.2M
Free cash flow	20.4M	-15.8M	20.9M	-11.8M	26.6M	-6.8M	31.7M	80.8M	76.7M	16.6M	30.6M	40.7M

Embecta Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement