Embecta Corp. EMBC
Embecta Corp. (also referred to herein as "Embecta") is a leading global medical device company, primarily focused on providing solutions to improve the health and well-being of people living with diabetes. All references in this Form 10-K to "Embecta", "the Company", "we", "our" or "us" refer to Embecta Corp., a Delaware corporation, and its subsidiaries, unless otherwise indicated by the context.
Building on our 100-year centennial, we believe that our products have become one of the most widely recognized and respected brands in diabetes management throughout the world. We estimate that our products are used by more than 30 million people in over 100 countries for insulin administration and to aid with the daily management of diabetes.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.12B | $1.12B | $1.13B | $1.17B | $1.09B | — |
| Cost of revenue | $403.6M | $387.9M | $370.9M | $354.6M | $364.9M | $322.9M | — |
| Gross profit | $676.8M | $735.2M | $749.9M | $774.9M | $800.4M | $762.6M | — |
| R&D | $37.3M | $78.8M | $85.2M | $66.9M | $63.3M | $61.4M | — |
| SG&A | $332.0M | $365.1M | $341.3M | $294.8M | $240.3M | $214.7M | — |
| Total operating expenses | $434.7M | $568.4M | $528.4M | $465.3M | $308.4M | $276.1M | — |
| Operating income | $242.1M | $166.8M | $221.5M | $309.6M | $492.0M | $486.5M | — |
| Pre-tax income | $136.3M | $44.2M | $105.7M | $256.6M | $494.9M | $485.8M | — |
| Income tax | $40.9M | $34.1M | $35.3M | $33.0M | $80.1M | $58.2M | — |
| Net income | $95.4M | $78.3M | $70.4M | $223.6M | $414.8M | $427.6M | — |
| EPS, basic | 1.64 | 1.36 | 1.23 | 3.92 | 7.28 | 7.50 | — |
| EPS, diluted | 1.62 | 1.34 | 1.22 | 3.89 | 7.28 | 7.50 | — |
| Shares, diluted (wtd. avg.) | 58.9M | 58.3M | 57.8M | 57.5M | 57.0M | 57.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $225.5M | $267.5M | $326.5M | $330.9M | $0 | $0 | $0 |
| Receivables | $145.6M | $193.0M | $16.7M | $22.2M | $150.6M | — | — |
| Inventory | $178.6M | $171.5M | $152.1M | $122.8M | $118.0M | — | — |
| Total current assets | $631.4M | $761.0M | $749.1M | $664.7M | $291.8M | — | — |
| Goodwill | $15.4M | $15.6M | $15.6M | $15.7M | $15.6M | — | — |
| Other intangibles | $7.0M | $8.1M | $9.1M | $8.9M | $18.3M | — | — |
| Total assets | $1.09B | $1.29B | $1.21B | $1.09B | $788.0M | — | — |
| Short-term debt | $9.5M | $9.5M | $9.5M | $9.5M | $0 | — | — |
| Total current liabilities | $261.5M | $374.0M | $353.5M | $301.0M | $164.0M | — | — |
| Long-term debt | $1.39B | $1.57B | $1.59B | $1.60B | $0 | — | — |
| Retained earnings | -$445.6M | -$498.6M | -$541.1M | -$577.1M | — | — | — |
| Total equity | -$650.6M | -$738.3M | -$821.7M | -$891.4M | $594.3M | $572.2M | $577.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $191.7M | $35.7M | $67.7M | $412.2M | $456.3M | $498.5M | — |
| Depreciation and amortisation | $40.7M | $36.2M | $32.6M | $31.7M | $38.3M | $38.3M | — |
| Stock-based compensation | $31.6M | $26.3M | $21.5M | $18.7M | $12.8M | $12.7M | — |
| Capital expenditure | $9.3M | $15.8M | $26.5M | $23.6M | $36.8M | $41.9M | — |
| Investing cash flow | -$9.3M | -$15.8M | -$26.5M | -$24.0M | -$39.2M | -$41.9M | — |
| Financing cash flow | -$226.7M | -$73.4M | -$48.7M | -$48.0M | -$417.1M | -$456.6M | — |
| Dividends paid | $35.0M | $34.5M | $34.4M | $8.6M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001872789-25-000036.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $1.09B | $1.17B | $1.13B | $1.12B | $1.12B | $1.08B |
| Gross profit | — | $762.6M | $800.4M | $774.9M | $749.9M | $735.2M | $676.8M |
| Net income | — | $427.6M | $414.8M | $223.6M | $70.4M | $78.3M | $95.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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