OFIX (OFIX) financial statements
OFIX reported revenue of $822M in fiscal 2025, up 8.0% a year over 9 years.
Net income was -$92M and the operating margin -9.9%, against 5.1% in 2016.
Free cash flow was -$1M.
The diluted share count rose 114% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OFIX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $410M | $434M | $453M | $460M | $407M | $464M | $461M | $747M | $799M | $822M |
| Cost of revenue | $88M | $93M | $97M | $101M | $102M | $115M | $124M | $260M | $254M | $256M |
| Gross profit | $322M | $341M | $356M | $359M | $305M | $350M | $337M | $486M | $546M | $566M |
| Research and development | $29M | $30M | $33M | $35M | $39M | $50M | $49M | $80M | $74M | $66M |
| Selling, general and admin | $258M | $270M | $289M | $309M | $272M | $291M | $309M | $530M | $533M | $554M |
| Operating income | $21M | $41M | $30M | -$19M | -$6M | -$8M | -$13M | -$139M | -$85M | -$81M |
| Pre-tax income | $19M | $36M | $23M | -$27M | -$368,000 | -$13M | -$18M | -$149M | -$124M | -$91M |
| Income tax | $16M | $29M | $9M | $1M | -$3M | $25M | $2M | $3M | $2M | $1M |
| Net income | $3M | $6M | $14M | -$28M | $3M | -$38M | -$20M | -$151M | -$126M | -$92M |
| EPS (diluted) | $0.17 | $0.34 | $0.72 | -$1.51 | $0.13 | -$1.95 | -$0.98 | -$4.12 | -$3.30 | -$2.33 |
| Diluted shares | 18M | 18M | 19M | 19M | 19M | 20M | 20M | 37M | 38M | 40M |
| Gross margin | 78.6% | 78.6% | 78.7% | 78.1% | 74.9% | 75.3% | 73.2% | 65.1% | 68.3% | 68.8% |
| Operating margin | 5.1% | 9.4% | 6.6% | -4.1% | -1.5% | -1.8% | -2.9% | -18.6% | -10.6% | -9.9% |
| Net margin | 0.7% | 1.4% | 3.0% | -6.2% | 0.6% | -8.3% | -4.3% | -20.3% | -15.8% | -11.2% |
Balance sheet
Fiscal years, from OFIX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $40M | $81M | $70M | $70M | $96M | $88M | $51M | $33M | $83M | $82M |
| Receivables | $58M | $63M | $78M | $87M | $72M | $79M | $83M | $128M | $135M | $136M |
| Inventory | $63M | $81M | $77M | $82M | $85M | $83M | $100M | $222M | $189M | $172M |
| Total current assets | $194M | $252M | $245M | $261M | $270M | $270M | $256M | $420M | $433M | $417M |
| Property, plant and equipment | $49M | $45M | $43M | $63M | $64M | $59M | $58M | $159M | $140M | $129M |
| Goodwill | $54M | $54M | $72M | $71M | $84M | $71M | $71M | $195M | $195M | $195M |
| Total assets | $372M | $405M | $467M | $496M | $526M | $477M | $459M | $925M | $893M | $851M |
| Total current liabilities | $83M | $79M | $86M | $85M | $104M | $106M | $84M | $165M | $169M | $170M |
| Long-term debt | — | — | — | — | — | — | — | $93M | $157M | $157M |
| Total liabilities | $109M | $109M | $131M | $168M | $169M | $140M | $122M | $327M | $390M | $401M |
| Shareholders' equity | $263M | $297M | $335M | $328M | $357M | $337M | $337M | $599M | $503M | $450M |
| Net debt | -$40M | -$81M | -$70M | -$70M | -$96M | -$88M | -$51M | $61M | $74M | $75M |
Cash flow
Fiscal years, from OFIX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $59M | $39M | $50M | $32M | $74M | $18M | -$12M | -$46M | $26M | $33M |
| Capital spending | $16M | $15M | $14M | $19M | $15M | $18M | $21M | $60M | $35M | $35M |
| Free cash flow | $43M | $24M | $36M | $13M | $59M | $690,000 | -$33M | -$106M | -$9M | -$1M |
| Stock-based compensation | $16M | $13M | $19M | $22M | $16M | $15M | $18M | $36M | $32M | $29M |
| Share buybacks (net) | -$63M | — | — | — | — | — | — | — | — | — |
| Free cash flow margin | 10.4% | 5.6% | 8.0% | 2.8% | 14.5% | 0.1% | -7.1% | -14.2% | -1.1% | -0.2% |
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Open OFIX in InvestinglyQuestions
What was OFIX's revenue in 2025?
$822M in fiscal 2025, from its 10-K filing.
How much free cash flow does OFIX generate?
-$1M in fiscal 2025 (operating cash flow minus capital spending).
From OFIX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.