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CONMED Corporation

CNMD

Healthcare · 46.10 -1.9% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

CONMED Corporation's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company-1.9% todayVolume comparison unavailable
Market group0 of 13 activeHealthcare & Packaged Foods · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • CNMD's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if CNMD's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Medical Devices

No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • CNMD's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements33
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +5.2% year over year.
  • Operating cash flow covered net income at 3.63x in the latest annual period.
Evidence challenging the case
  • Operating margin changed -7.9 percentage points in the latest annual period.
  • Net margin changed -6.7 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 31% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

46.10
6m+0.2%12m-15.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.0B+17.2%$1.94+9.3%
2022-12-31$1.0B+3.4%$-2.68-6.8%
2023-12-31$1.2B+19.1%$2.04+5.0%
2024-12-31$1.3B+5.0%$4.25-1.3%
2025-12-31$1.4B+5.2%$1.51-0.0%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
The decrease in interest expense in the three months ended March 31, 2026 was driven by lower weighted average borrowings outstanding and lower weighted average interest rates during 2026.
10-Q · Apr 30, 2026
Product pipeline and R&Dmixed · 4 filings
The increase in research and development expense as a percentage of sales was mainly driven by increased investments into our key growth drivers as well as $1.2 million in costs to comply with the European Union's Medical Device Regulations in the three month…
10-Q · Apr 30, 2026
Supply chain and availabilitymixed · 3 filings
In addition, below is a summary of significant changes in assets and liabilities in the nine months ended September 30, 2025: • An increase in cash flows from accounts receivable due to timing of sales and cash receipts; • A decrease in cash flows from invent…
10-Q · Nov 6, 2025
Capital investment and capacitypositive · 1 filings
Investing Cash Flows Net cash used in investing activities increased by $7.9 million in the year ended December 31, 2025 mainly due to capital expenditures being higher at $19.8 million in 2025 compared to $13.1 million in the year ended December 31, 2024.
10-K · Feb 17, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.0× · EV/sales 1.0×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

46.10-1.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CNMD. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for CNMD. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind CNMD

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

SYKStryker CorporationcompetitorFeb 11, 2026

We are one of five leading global competitors in Instruments; the other four being Zimmer Biomet Holdings, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CNMD is currently a Follower in the organic co-movement group Healthcare & Packaged Foods. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for CNMD; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.