AORT - ARTIVION, INC.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	13.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+70%)	9.8% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+22%)	12.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+60%)	5.0% Fair → Fair Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-37%)	18.0% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+125%)	-8.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-204%)	5.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-36%)	38.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+382%)	5.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-35%)	23.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+195%)	0.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-89%)	2.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-66%)	6.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-14%)	10.1% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+26%)	2.6% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-68%)	4.4% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-44%)	—	—
EPS Growth YoY (%)	N/M	57.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-56.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-26.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	13.6% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	-66.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	135.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-46.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-55.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	103.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	11.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	85.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-54.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	N/M	56.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-59.9% Weak ↓ Weak Declining Year-over-year change in net income	-29.4% Weak Weak Year-over-year change in net income	11.1% Fair Fair Year-over-year change in net income	N/M	N/M	N/M	-65.6% Weak ↓ Weak Declining Year-over-year change in net income	169.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-45.3% Weak ↓ Weak Declining Year-over-year change in net income	-54.7% Weak ↓ Weak Declining Year-over-year change in net income	103.5% Excellent ↑ Excellent Improving Year-over-year change in net income	7.8% Fair ↓ Fair Declining Year-over-year change in net income	86.9% Excellent Excellent Year-over-year change in net income	-54.6% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	-93.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	-5.2% Weak Weak Year-over-year change in free cash flow	N/M	12.0% Fair ↓ Fair Declining Year-over-year change in free cash flow	N/M	-36.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	85.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-11.0% Weak Weak Year-over-year change in free cash flow	-70.2% Weak Weak Year-over-year change in free cash flow	—	—	—	—	14.0% Fair ↑ Fair Improving Year-over-year change in free cash flow	-22.5% Weak Weak Year-over-year change in free cash flow	26.3% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	12.0% Good ↑ Good Improving Compound annual revenue growth over 3 years	9.1% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	11.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	4.3% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.4% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	10.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	21.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	9.5% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	8.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	3.5% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	6.5% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	6.5% Fair Fair Compound annual revenue growth over 3 years	5.7% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	11.8% Good ↑ Good Improving Compound annual revenue growth over 5 years	7.1% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	6.1% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	10.6% Good ↓ Good Declining Compound annual revenue growth over 5 years	10.6% Good ↓ Good Declining Compound annual revenue growth over 5 years	11.7% Good → Good Stable Compound annual revenue growth over 5 years	13.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	13.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	7.6% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	8.6% Good ↑ Good Improving Compound annual revenue growth over 5 years	4.6% Fair Fair Compound annual revenue growth over 5 years	5.3% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	—	—	-46.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	-24.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-17.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-21.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	0.0% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	61.5% Excellent Excellent Compound annual EPS growth over 3 years	-2.2% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	7.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	10.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	1.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	2.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	2.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	1.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	6.2% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	3.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	4.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	12.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	3.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	6.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	9.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	9.6% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	9.7% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	8.5% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	13.0% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	—
Effective Tax Rate (%) (%)	33.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-77.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-42.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-28.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.9% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	2.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	-3.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-129%)	-8.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-172%)	-6.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-151%)	-5.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-141%)	-6.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-155%)	0.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-95%)	-1.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-109%)	2.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	6.0% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	2.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	5.1% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	11.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	6.0% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	6.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	3.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	7.8% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	—
FCF Margin (%) (%)	0.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.2% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-4.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-5.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	7.5% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	12.1% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	11.9% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	16.0% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	13.3% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.09x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.83x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.37x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.74x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	-0.30x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	4.51x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.44x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	1.25x Good Good Free cash flow relative to reported net income Optimal: > 1x	—	—	—	2.00x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.93x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	4.75x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.71x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	3.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	11.7% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	1.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	2.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	2.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.7% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.5% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	7.8% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	7.6% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	6.8% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	10.4% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	3.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	5.0% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	7.9% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	8.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.9% Fair Fair Operating profit relative to total assets Optimal: > 10%	7.2% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	2.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-85%)	-4.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-132%)	-10.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-173%)	-6.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-145%)	-4.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-133%)	-5.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-134%)	0.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-96%)	-1.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-107%)	1.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-91%)	5.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-66%)	2.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-83%)	4.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-67%)	11.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-26%)	6.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-59%)	6.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-60%)	3.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-77%)	7.9% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	0.48x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-20%)	1.14x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+90%)	1.09x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+82%)	1.08x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+81%)	1.03x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+71%)	0.89x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+48%)	0.76x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+26%)	0.79x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+31%)	0.79x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+32%)	0.34x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-43%)	—	—	—	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—
Interest Coverage (x)	—	—	0.23x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.34x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.48x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.15x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.14x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.59x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.63x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	7.27x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	86.35x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	50.50x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	194.65x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	70.46x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	81.99x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	54.82x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	174.65x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$150.21M	$260.88M	$248.04M	$268.76M	$254.11M	$230.25M	$181.97M	$175.39M	$178.98M	$14.93M	$-37.59M	$-33.38M	$-37.64M	$-13.01M	$-21.70M	$-35.50M	$-30.12M	$-17.20M
Debt / EBITDA (x)	3.83x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.98x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.65x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.76x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.63x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	12.60x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.10x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.91x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	12.36x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.37x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$9.73	$9.32	$8.69	$7.84	$7.67	$6.69	$7.44	$7.22	$5.75	$5.66	$5.26	$5.28	$5.24	$4.88	$4.36	$4.17	$3.97	—
Basic EPS, GAAP (USD)	$0.22	$-0.32	$-0.75	$-0.48	$-0.38	$-0.44	$0.05	$-0.08	$0.11	$0.33	$0.14	$0.26	$0.59	$0.29	$0.26	$0.14	$0.31	—
Free Cash Flow per Share (USD)	$0.02	$0.27	$0.28	$-0.35	$-0.40	$0.13	$0.21	$0.11	$0.13	$0.42	—	—	—	$0.59	$0.52	$0.67	$0.53	—
Dividend per Share (USD)	—	—	—	—	—	—	$0.00	$0.00	$0.00	$0.00	$0.12	$0.12	$0.11	$0.05	—	—	—	—
Book Value per Share (USD)	$9.89	$6.63	$6.92	$7.10	$7.71	$8.68	$7.70	$7.55	$8.39	$6.56	$5.60	$5.43	$5.38	$4.75	$4.43	$4.07	$3.93	—
Tangible Book Value per Share (USD)	$4.28	$0.85	$0.85	$1.02	$1.30	$1.81	$2.67	$2.37	$2.69	$4.10	$5.19	$5.02	$4.96	$4.33	$4.28	$4.07	$3.93	—
Basic Weighted Avg Shares (shares)	45.34M	41.68M	40.74M	40.03M	38.98M	37.86M	37.12M	36.41M	33.01M	31.86M	27.74M	27.38M	26.89M	26.97M	27.44M	27.99M	28.11M	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	0.0% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	85.7% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	45.4% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	18.3% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	17.2% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$256.53M	$223.26M	$222.81M	$197.66M	$202.74M	$174.12M	$142.19M	$144.65M	$136.34M	$117.13M	$90.06M	$85.40M	$85.61M	$56.07M	$62.41M	$82.16M	—	—
LT Debt (USD)	$215.11M	$314.35M	$306.98M	$308.11M	$309.12M	$291.66M	$215.74M	$216.88M	$218.95M	$71.57M	—	—	—	—	—	—	—	—
Total Equity (USD)	$448.23M	$276.20M	$281.78M	$284.33M	$300.73M	$328.71M	$285.70M	$275.07M	$277.06M	$208.98M	$155.25M	$148.69M	$144.75M	$128.11M	$121.54M	$113.94M	$110.45M	$98.37M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$441.33M	$388.54M	$354.00M	$313.79M	$298.84M	$253.23M	$276.22M	$262.84M	$189.70M	$180.38M	$145.90M	$144.64M	$140.76M	$131.72M	$119.63M	$116.64M	$111.69M	—
Depreciation Expense (USD)	$22.46M	$24.20M	$23.08M	$22.44M	$23.98M	$20.71M	$18.32M	$18.09M	$9.74M	$8.38M	$5.86M	$6.03M	$5.84M	$5.63M	$4.96M	$3.94M	$4.26M	—
Net Income, GAAP (USD)	$9.77M	$-13.36M	$-30.69M	$-19.19M	$-14.83M	$-16.68M	$1.72M	$-2.84M	$3.70M	$10.78M	$4.00M	$7.32M	$16.17M	$7.95M	$7.37M	$3.94M	$8.68M	—
Operating Cash Flow (USD)	$39.88M	$22.24M	$18.82M	$-5.15M	$-2.58M	$12.37M	$15.83M	$9.88M	$10.80M	$19.72M	—	—	—	$18.99M	$16.75M	$20.84M	$16.57M	—

ARTIVION, INC.

Analytical Summary

18-Year Financial Trajectory

Health Breakdown

Dividend History

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