Lantheus (LNTH) financial statements
Lantheus reported revenue of $1.5B in fiscal 2025, up 19.9% a year over 9 years.
Net income was $234M and the operating margin 20.2%, against 18.7% in 2016.
Free cash flow was $354M, and the company returned $300M in net buybacks.
The diluted share count rose 110% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Lantheus's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $302M | $331M | $343M | $347M | $339M | $425M | $935M | $1.3B | $1.5B | $1.5B |
| Cost of revenue | $164M | $169M | $168M | $173M | $201M | $238M | $353M | $587M | $546M | $600M |
| Gross profit | $138M | $162M | $175M | $175M | $139M | $188M | $582M | $710M | $988M | $942M |
| Research and development | $12M | $18M | $17M | $20M | $33M | $45M | $312M | $78M | $168M | $177M |
| Selling, general and admin | $75M | $92M | $93M | $103M | $110M | $219M | $234M | $267M | $372M | $454M |
| Operating income | $57M | $52M | $64M | $52M | -$4M | -$61M | $36M | $365M | $457M | $311M |
| Interest expense | $27M | $18M | $17M | $14M | $9M | $8M | $7M | $20M | $20M | $20M |
| Pre-tax income | $28M | $40M | $50M | $29M | -$11M | -$75M | $27M | $411M | $431M | $314M |
| Income tax | $2M | -$84M | $9M | -$3M | $2M | -$4M | -$1M | $84M | $119M | $80M |
| Net income | $27M | $123M | $41M | $32M | -$13M | -$71M | $28M | $327M | $312M | $234M |
| EPS (diluted) | $0.82 | $3.17 | $1.03 | $0.79 | -$0.25 | -$1.06 | $0.40 | $4.65 | $4.36 | $3.41 |
| Diluted shares | 33M | 39M | 40M | 40M | 54M | 67M | 71M | 70M | 72M | 68M |
| Gross margin | 45.6% | 48.9% | 50.9% | 50.3% | 40.9% | 44.1% | 62.2% | 54.7% | 64.4% | 61.1% |
| Operating margin | 18.7% | 15.6% | 18.8% | 14.9% | -1.2% | -14.3% | 3.9% | 28.1% | 29.8% | 20.2% |
| Net margin | 8.9% | 37.2% | 11.8% | 9.1% | -4.0% | -16.8% | 3.0% | 25.2% | 20.4% | 15.2% |
Balance sheet
Fiscal years, from Lantheus's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $51M | $76M | $113M | $93M | $80M | $99M | $416M | $714M | $913M | $359M |
| Receivables | $37M | $40M | $44M | $44M | $54M | $89M | $213M | $284M | $321M | $359M |
| Inventory | $18M | $26M | $33M | $29M | $36M | $35M | $35M | $64M | $68M | $65M |
| Total current assets | $111M | $148M | $195M | $173M | $184M | $236M | $678M | $1.1B | $1.3B | $900M |
| Property, plant and equipment | $94M | $93M | $108M | $116M | $120M | $117M | $122M | $147M | $177M | $164M |
| Goodwill | $16M | $16M | $16M | $16M | $59M | $61M | $61M | $61M | $61M | $240M |
| Total assets | $256M | $384M | $440M | $406M | $870M | $864M | $1.3B | $1.7B | $2.0B | $2.2B |
| Total current liabilities | $44M | $47M | $53M | $66M | $81M | $90M | $248M | $187M | $241M | $333M |
| Long-term debt | $274M | $265M | $264M | $184M | $198M | $163M | $558M | $562M | $565M | $569M |
| Total liabilities | $362M | $361M | $369M | $291M | $356M | $399M | $874M | $835M | $892M | $1.1B |
| Shareholders' equity | -$107M | $23M | $71M | $115M | $514M | $464M | $447M | $816M | $1.1B | $1.1B |
| Net debt | $227M | $192M | $153M | $101M | $139M | $76M | $142M | -$151M | -$347M | $210M |
Cash flow
Fiscal years, from Lantheus's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $50M | $55M | $61M | $80M | $16M | $54M | $282M | $305M | $545M | $390M |
| Capital spending | $7M | $18M | $20M | $22M | $0 | $0 | $260M | $45M | $52M | $36M |
| Free cash flow | $42M | $37M | $41M | $58M | $16M | $54M | $22M | $260M | $493M | $354M |
| Stock-based compensation | $3M | $6M | $9M | $12M | $14M | $16M | $29M | $51M | $76M | $86M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$75M | $0 | -$100M | -$300M |
| Net borrowing | -$79M | -$12M | -$3M | -$76M | -$15M | -$43M | $382M | -$717,000 | -$318,000 | -$1M |
| Free cash flow margin | 14.0% | 11.2% | 12.0% | 16.8% | 4.8% | 12.7% | 2.3% | 20.0% | 32.1% | 23.0% |
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Open LNTH in InvestinglyQuestions
What was Lantheus's revenue in 2025?
$1.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Lantheus generate?
$354M in fiscal 2025 (operating cash flow minus capital spending).
From Lantheus's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.