Company Analysis

CONMED Corporation (CNMD)

NYSE: CNMD · Electromedical & Electrotherapeutic Apparatus · Largo, FL · filing with the SEC since 1995
Grade5.2
◀ Past 5.8● Present 5.6▶ Future 4.1

The grade of CONMED Corporation

Nine metrics read from its own filings, by tense
Headline grade
5.2/10
◀ Past5.830% of the headline
● Present5.640% of the headline
▶ Future4.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.8/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.0/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2020-01-29.

weight 33% of this tense · 50th percentile among 27 sector filers · read for itself

From the record

CONMED Corporation's filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2020-01-29) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.8/10

What has it actually done, year after year?

+6.8% a year over 10 filed years; profitable in 9 of 10.

weight 45% of this tense · 57th percentile among 25 sector filers · read for its customers

From the record

CONMED Corporation's 10 filed years say what it did: revenue went from $764 million in fiscal 2016 to $1.4 billion in fiscal 2025, up 6.8% a year; it rose in 8 of 9 years; the deepest fall was 10% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.8%bottom 33% of its family
  • the share of years revenue rosetop 34% of its family
  • the share of filed years with a profittop 19% of its family
  • the deepest fall from a revenue peak9.7%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
7.0/10

How has it treated the people who own it?

Share count grew 1.2% a year. 16% of cash flow returned. Insiders: 1 sales, 0 purchases.

weight 22% of this tense · 70th percentile among 8 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, CONMED Corporation's diluted share count grew about 1.2% a year, and dividends and buybacks returned about 16% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale (1 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-06 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 17% of its family
  • cash returned against operating cash flowtop 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.6/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.7/10

Is it financially healthy right now?

ROE 5%: 5¢ of profit per shareholder dollar. Leverage 56%: owes 56¢ per asset dollar.

weight 45% of this tense · 57th percentile among 27 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, CONMED Corporation earned about 5 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 32 cents per dollar of everything the company owns. Leverage: it owed about 56 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 28% of its family
  • return on equitytop 22% of its family
  • gross profit against assetsbottom 41% of its family
  • the share count against the year beforetop 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.8/10

How strong is its position in its industry?

top 32% of 24 in its family; net margin 3.4%.

weight 33% of this tense · 68th percentile among 24 sector filers · read for its customers

From the record

CONMED Corporation's standing among 24 graded names in its industry family: revenue of $1.4 billion in fiscal 2025 ranks in the top 15% by size; a net margin of 3.4% ranks in the top 23%; revenue growth of 9.6% a year over the last 3 filed years ranks in the bottom 42% (its annual reports).

What it rests on

  • revenue against the family$1.37Btop 15% of its family
  • net margin3.4%top 23% of its family
  • three-year revenue growth9.6%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.5/10

What are the people in charge doing?

bottom 35% of 19 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 35th percentile among 19 sector filers · read for its shareholders

From the record

CONMED Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Beyer, Pat (President & CEO, as filed), filing under that title since 2025-01-06, 1.9 years (bottom 36% of its family); the 20 officers and directors filing in the last fifteen months have been on the record a median of 2.9 years (bottom 32%); 14 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (bottom 38%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge14 in three years among 20 peoplebottom 38% of its family
  • the median years the people in charge have filed2.9 yearsbottom 32% of its family
  • the chief executive's years on the record1.9 yearsbottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.5/10

How much room does it have to grow?

bottom 35% of 23 in its family for room to expand.

weight 45% of this tense · 35th percentile among 23 sector filers · read for itself

From the record

CONMED Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $41 million against debt of $834 million leaves -34.1% of its assets as net cash, bottom 6% of its family; cash from operations less capital spending is 11% of revenue (top 28%); a gross margin of 54.6% (bottom 41%); research spending of 4.1% of revenue (bottom 20%) (its annual report).

What it rests on

  • cash less debt against assets-34.1%bottom 6% of its family
  • cash from operations less capital spending against revenue11.0%top 28% of its family
  • gross margin54.6%bottom 41% of its family
  • research spending against revenue4.1%bottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.6/10

What could actually drive growth from here?

bottom 46% of 25 in its family for growth drivers.

weight 33% of this tense · 46th percentile among 25 sector filers · read for its customers

From the record

CONMED Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 9.6% a year over the last three filed years against 6.8% over all 10, speeding up (top 28% of its family); the newest year grew 5.2% (bottom 20%); research spending grew 5.8% a year (top 50%); capital spending grew -3.1% a year (bottom 44%) (its annual reports). CONMED Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+2.8 points a yeartop 28% of its family
  • the newest year's revenue growth5.2%bottom 20% of its family
  • three-year growth of research spending5.8%top 50% of its family
  • three-year growth of capital spending-3.1%bottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.5/10

Did its newest year beat what its own record pointed to?

bottom 45% of 20 in its family for expectations against reality.

weight 22% of this tense · 45th percentile among 20 sector filers · read for its shareholders

From the record

CONMED Corporation's newest year against its own record: revenue of $1.4 billion in fiscal 2025 came in 5.9% below the $1.5 billion its prior three years' pace pointed to (bottom 31% of its family); net income of $47 million against a prior three-year average of $39 million (top 34%); a net margin of 3.4% against 2.5% before (bottom 38%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-5.9%bottom 31% of its family
  • net income against the prior three years' average+21%top 34% of its family
  • net margin against its prior average+0.9 pointsbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CNMD · research, not advice