CONMED Corp (CNMD) FY2025 10-K Annual Report

Filed: Feb 17, 2026
Health Care
Electromedical & Electrotherapeutic ApparatusSEC EDGAR

CONMED Corp (CNMD) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 17, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

CONMED Corp FY2025 10-K Analysis

Business Overview

  • Core business model centered on medical industry products and services, emphasizing talent attraction and retention amid intense competition
  • Suspension of quarterly dividend payments since October 2025 to extend share repurchase program, with future dividends uncertain due to financial and legal constraints
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Management Discussion & Analysis

  • Revenue $555M, flat YoY with orthopedic surgery and general surgery stable at 42% and 58% of sales respectively
  • Gross margin 48.3% vs 49.1% in prior year, reflecting inflationary cost pressures and supply chain challenges
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Risk Factors

  • Financial risk $840M long-term debt with $800M convertible notes due 2027 requiring incremental financing
  • Operational risk increased capital spending expected in 2026 funded by operating cash flow with monitored control
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CONMED Corp FY2025 Key Financial Metrics
XBRL

Revenue

$1.4B

+5.2% YoY

Net Income

$47M

-64.5% YoY

Gross Margin

54.6%

-149bp YoY

Operating Margin

7.5%

-786bp YoY

Net Margin

3.4%

-671bp YoY

ROE

4.6%

-920bp YoY

Total Assets

$2.3B

+0.8% YoY

EPS (Diluted)

$1.51

-64.5% YoY

Operating Cash Flow

$171M

+2.2% YoY

Source: XBRL data from CONMED Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.

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