Integer
ITGR · Health Care Equipment
$126.54
0.0%Penumbra
PEN · Health Care Equipment
$324.39
0.2%The short version
- Integer is the larger business, with $1.9B of revenue in fiscal 2025 against $1.4B for Penumbra.
- Penumbra grew revenue faster (17.5%, against 8.0%).
- Penumbra kept more of each dollar of sales as operating profit (13.5% operating margin, against 11.9% operating margin).
- Penumbra turned more of its sales into free cash flow (12.5% FCF margin, against 5.7% FCF margin).
- Penumbra earned a higher return on the capital invested in it (18.8%, against 6.6%).
- Investors pay more for each dollar of Penumbra’s earnings: a P/E of 79.7x against 34.7x for Integer.
| Latest fiscal year | ITGR · FY25 | PEN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.3B | $12.8B |
| Revenue | $1.9B | $1.4B |
| Free cash flow | $105M | $175M |
| Net income | $103M | $178M |
| Growth | ||
| Revenue growth | 8.0% | 17.5% |
| 5-year growth | 11.6% | 20.2% |
| Share count change | −0.2% | 0.1% |
| Profitability | ||
| Gross margin | 27.0% | 67.1% |
| Operating margin | 11.9% | 13.5% |
| Net margin | 5.6% | 12.7% |
| FCF margin | 5.7% | 12.5% |
| Return on capital | 6.6% | 18.8% |
| Return on equity | 6.1% | 13.8% |
| Balance sheet | ||
| Net debt | $1.2B | −$522M |
| Net debt / EBITDA | 3.4x | −2.5x |
| Dividends and buybacks | $50.0M | $0.0M |
| Valuation & quality | ||
| P/E | 34.7x | 79.7x |
| Piotroski F-score | 7 | 7 |
FY16
ITGR $1.1B
PEN $263M
FY17
ITGR $1.1B
PEN $334M
FY18
ITGR $1.2B
PEN $445M
FY19
ITGR $1.3B
PEN $547M
FY20
ITGR $1.1B
PEN $560M
FY21
ITGR $1.2B
PEN $748M
FY22
ITGR $1.3B
PEN $847M
FY23
ITGR $1.6B
PEN $1.1B
FY24
ITGR $1.7B
PEN $1.2B
FY25
ITGR $1.9B
PEN $1.4B
ITGR
PEN
FY16
ITGR 8.6%
PEN −0.5%
FY17
ITGR 11.1%
PEN 0.4%
FY18
ITGR 12.8%
PEN −0.2%
FY19
ITGR 12.5%
PEN 8.7%
FY20
ITGR 11.2%
PEN −7.0%
FY21
ITGR 11.1%
PEN −1.0%
FY22
ITGR 8.5%
PEN 0.7%
FY23
ITGR 10.5%
PEN 7.0%
FY24
ITGR 12.1%
PEN 0.8%
FY25
ITGR 11.9%
PEN 13.5%
ITGR
PEN
FY16
ITGR $46.9M
PEN −$26.4M
FY17
ITGR $102M
PEN $0.2M
FY18
ITGR $122M
PEN $19.2M
FY19
ITGR $117M
PEN $4.5M
FY20
ITGR $135M
PEN −$58.0M
FY21
ITGR $103M
PEN −$11.7M
FY22
ITGR $41.7M
PEN −$75.0M
FY23
ITGR $60.3M
PEN $82.1M
FY24
ITGR $99.9M
PEN $147M
FY25
ITGR $105M
PEN $175M
ITGR
PEN
FY16
ITGR 3.4%
PEN −0.5%
FY17
ITGR 5.2%
PEN 0.4%
FY18
ITGR 5.4%
PEN −0.2%
FY19
ITGR 7.0%
PEN 11.2%
FY20
ITGR 5.5%
PEN −7.3%
FY21
ITGR 6.1%
PEN −1.1%
FY22
ITGR 4.4%
PEN 0.4%
FY23
ITGR 5.8%
PEN 8.4%
FY24
ITGR 6.8%
PEN 0.7%
FY25
ITGR 6.6%
PEN 18.8%
ITGR
PEN
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.