“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 ↗
CONMED Corporation
CNMD
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.
- 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.
Research brief
The story so far
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.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- CNMD's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +5.2% year over year.
- Operating cash flow covered net income at 3.63x in the latest annual period.
- 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.
- EV/sales is 31% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
46.10Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.