Embecta (EMBC) financial statements
Embecta reported revenue of $1.1B in fiscal 2025, down 0.1% a year over 5 years.
Net income was $95M and the operating margin 22.4%, against 44.8% in 2020.
Free cash flow was $182M, and the company returned $35M in dividends.
The diluted share count rose 3% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Embecta's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.1B | $1.1B | $1.1B | $1.1B |
| Cost of revenue | $323M | $365M | $355M | $371M | $388M | $404M |
| Gross profit | $763M | $800M | $775M | $750M | $735M | $677M |
| Research and development | $61M | $63M | $67M | $85M | $79M | $37M |
| Selling, general and admin | $215M | $240M | $295M | $341M | $365M | $332M |
| Operating income | $486M | $492M | $310M | $222M | $167M | $242M |
| Pre-tax income | $486M | $495M | $257M | $106M | $44M | $136M |
| Income tax | $58M | $80M | $33M | $35M | -$34M | $41M |
| Net income | $428M | $415M | $224M | $70M | $78M | $95M |
| EPS (diluted) | $7.50 | $7.28 | $3.89 | $1.22 | $1.34 | $1.62 |
| Diluted shares | 57M | 57M | 57M | 58M | 58M | 59M |
| Gross margin | 70.3% | 68.7% | 68.6% | 66.9% | 65.5% | 62.6% |
| Operating margin | 44.8% | 42.2% | 27.4% | 19.8% | 14.9% | 22.4% |
| Net margin | 39.4% | 35.6% | 19.8% | 6.3% | 7.0% | 8.8% |
Balance sheet
Fiscal years, from Embecta's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $0 | $0 | $331M | $326M | $268M | $226M |
| Receivables | — | $151M | $22M | $17M | $193M | $146M |
| Inventory | — | $118M | $123M | $152M | $172M | $179M |
| Total current assets | — | $292M | $665M | $749M | $761M | $631M |
| Property, plant and equipment | — | $451M | $302M | $300M | $290M | $257M |
| Goodwill | — | $16M | $16M | $16M | $16M | $15M |
| Total assets | — | $788M | $1.1B | $1.2B | $1.3B | $1.1B |
| Total current liabilities | — | $164M | $301M | $354M | $374M | $262M |
| Long-term debt | — | $0 | $1.6B | $1.6B | $1.6B | $1.4B |
| Total liabilities | — | $194M | $2.0B | $2.0B | $2.0B | $1.7B |
| Shareholders' equity | $572M | $594M | -$891M | -$822M | -$738M | -$651M |
| Net debt | $0 | $0 | $1.3B | $1.3B | $1.3B | $1.2B |
Cash flow
Fiscal years, from Embecta's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $498M | $456M | $412M | $68M | $36M | $192M |
| Capital spending | $42M | $37M | $24M | $26M | $16M | $9M |
| Free cash flow | $457M | $420M | $389M | $41M | $20M | $182M |
| Stock-based compensation | $13M | $13M | $19M | $22M | $26M | $32M |
| Dividends paid | $0 | $0 | $9M | $34M | $34M | $35M |
| Net borrowing | $0 | $0 | $1.4B | -$10M | -$35M | -$185M |
| Free cash flow margin | 42.1% | 36.0% | 34.4% | 3.7% | 1.8% | 16.9% |
| Dividends per share | — | — | $0.15 | $0.60 | $0.59 | $0.59 |
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Open EMBC in InvestinglyQuestions
What was Embecta's revenue in 2025?
$1.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Embecta generate?
$182M in fiscal 2025 (operating cash flow minus capital spending).
From Embecta's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.