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LivaNova PLC (LIVN) 10-Year Financial Performance & Capital Metrics

LIVN • • Industrial / General
HealthcareMedical DevicesCardiovascular DevicesStructural Heart & Valve Devices
AboutLivaNova PLC, a medical device company, designs, develops, manufactures, and sells therapeutic solutions worldwide. It operates through three segments: Cardiopulmonary, Neuromodulation, and Advanced Circulatory Support. The Cardiopulmonary segment develops, produces, and sells cardiopulmonary products, including oxygenators, heart-lung machines, autotransfusion systems, perfusion tubing systems, cannulae, connect, and other related products. The Neuromodulation segment designs, develops, and markets VNS Therapy System, an implantable device that delivers vagus nerve stimulation (VNS) therapy for the treatment of drug-resistant epilepsy, difficult-to-treat depression, and obstructive sleep apnea. It is also involved in the development and clinical testing of the VITARIA System for treating heart failure through VNS. The Advanced Circulatory Support segment develops, produces, and sells temporary life support products, such as cardiopulmonary and respiratory support solutions. The company serves perfusionists, neurologists, neurosurgeons, and other physicians, as well as hospitals, other medical institutions, and healthcare providers. It sells its products through direct sales representatives and independent distributors. The company has a research collaboration with Verily to capture clinical biomarkers of depression. LivaNova PLC was founded in 1987 and is headquartered in London, the United Kingdom.Show more
  • Revenue $1.25B +8.7%
  • EBITDA $180M +2458.0%
  • Net Income $63M +260.4%
  • EPS (Diluted) 1.16 +262.5%
  • Gross Margin 69.48% +3.9%
  • EBITDA Margin 14.38% +2270.0%
  • Operating Margin 10.3% +273.4%
  • Net Margin 5.04% +231.7%
  • ROE 4.87% +244.8%
  • ROIC 6.01% +288.7%
  • Debt/Equity 0.51 +2.3%
  • Interest Coverage 2.05 +275.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 81 (top 19%)
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y16.09%
5Y2.94%
3Y6.58%
TTM8.64%

Profit (Net Income) CAGR

10Y1.43%
5Y-
3Y-
TTM-1018.29%

EPS CAGR

10Y-5.3%
5Y-
3Y-
TTM-1052.38%

ROCE

10Y Avg-2.55%
5Y Avg-3.07%
3Y Avg-0.53%
Latest6.13%

Peer Comparison

Structural Heart & Valve Devices
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
LIVNLivaNova PLC3.35B61.3352.878.66%-16.12%-18.79%4.06%0.51
ABTAbbott Laboratories216.14B124.3016.274.59%31.88%27.26%2.94%0.32
EWEdwards Lifesciences Corporation48.65B83.8412.038.57%23.19%13.37%0.6%0.07
AVRAnteris Technologies Global Corp.184.98M4.49-1.19-1.16%-39.42%-25.1%0.02

Profit & Loss

Apr 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+291.56M1.21B1.01B1.11B1.08B934.24M1.04B1.02B1.15B1.25B
Revenue Growth %0.03%3.16%-0.17%0.09%-0.02%-0.14%0.11%-0.01%0.13%0.09%
Cost of Goods Sold+27.31M509.5M360.7M372.5M360.37M339.48M329.37M314.58M382.3M382.56M
COGS % of Revenue0.09%0.42%0.36%0.34%0.33%0.36%0.32%0.31%0.33%0.31%
Gross Profit+264.25M704.4M651.6M734.5M723.8M594.76M705.99M707.23M771.25M870.87M
Gross Margin %0.91%0.58%0.64%0.66%0.67%0.64%0.68%0.69%0.67%0.69%
Gross Profit Growth %0.04%1.67%-0.07%0.13%-0.01%-0.18%0.19%0%0.09%0.13%
Operating Expenses+166.9M637.2M523.4M648.2M895.36M868.66M706.78M783.98M839.75M741.82M
OpEx % of Revenue0.57%0.52%0.52%0.59%0.83%0.93%0.68%0.77%0.73%0.59%
Selling, General & Admin123.62M469.2M380.6M465M00471.9M469.24M518.13M526.26M
SG&A % of Revenue0.42%0.39%0.38%0.42%--0.46%0.46%0.45%0.42%
Research & Development43.28M122.5M109.7M146M197.15M152.9M183.41M155.81M193.82M182.51M
R&D % of Revenue0.15%0.1%0.11%0.13%0.18%0.16%0.18%0.15%0.17%0.15%
Other Operating Expenses642.36K45.51M33.14M37.19M698.21M715.76M51.46M158.93M127.8M33.04M
Operating Income+88.65M-27.6M95.7M-248.1M-171.55M-273.9M-784K-76.75M-68.5M129.05M
Operating Margin %0.3%-0.02%0.09%-0.22%-0.16%-0.29%-0%-0.08%-0.06%0.1%
Operating Income Growth %0.11%-1.31%4.47%-3.59%0.31%-0.6%1%-96.9%0.11%2.88%
EBITDA+95.91M35.96M165.9M-178.16M-100.86M-206.56M67.2M-18.96M-7.64M180.19M
EBITDA Margin %0.33%0.03%0.16%-0.16%-0.09%-0.22%0.06%-0.02%-0.01%0.14%
EBITDA Growth %0.12%-0.63%3.61%-2.07%0.43%-1.05%1.33%-1.28%0.6%24.58%
D&A (Non-Cash Add-back)7.25M63.56M70.2M69.94M70.69M67.34M67.99M57.8M60.86M51.14M
EBIT-56.66M35.82M128.94M-237.62M48.49M-60.99M-74.32M-26.89M-22.37M151.38M
Net Interest Income+0-8.92M-6.48M-8.98M-14.29M-40.71M-49.72M-43.55M-36.84M-32.99M
Interest Income01.7M1.32M847K803K131K435K4.7M22.01M30.07M
Interest Expense162.89K10.62M7.8M9.82M15.09M40.84M50.15M48.25M58.85M63.07M
Other Income/Expense-130.98M-66.45M24.65M625K43.92M-74.39M-123.84M1.56M-12.83M-40.74M
Pretax Income+89.29M-33M121.1M-247.4M-127.63M-348.29M-124.62M-75.19M-81.33M88.31M
Pretax Margin %0.31%-0.03%0.12%-0.22%-0.12%-0.37%-0.12%-0.07%-0.07%0.07%
Income Tax+31.45M7.1M50M-69.6M30.37M-960K11.2M11.05M-98.88M25.06M
Effective Tax Rate %0.65%1.9%-0.21%0.77%1.24%1%1.09%1.15%-0.22%0.72%
Net Income+57.85M-62.8M-25.1M-189.4M-157.64M-348.82M-135.82M-86.25M17.55M63.23M
Net Margin %0.2%-0.05%-0.02%-0.17%-0.15%-0.37%-0.13%-0.08%0.02%0.05%
Net Income Growth %0.05%-2.09%0.6%-6.55%0.17%-1.21%0.61%0.36%1.2%2.6%
Net Income (Continuing)-22.08M20.55M71.18M-177.82M-158M-347.33M-135.82M-86.25M17.55M63.25M
Discontinued Operations-22.34M-64.66M-79.55M0365K-1.49M0000
Minority Interest0000000000
EPS (Diluted)+2.17-1.28-0.52-3.91-3.22-7.06-2.68-1.610.321.16
EPS Growth %0.09%-1.59%0.59%-6.52%0.18%-1.19%0.62%0.4%1.2%2.63%
EPS (Basic)2.19-1.29-0.52-3.91-3.22-7.06-2.68-1.610.331.17
Diluted Shares Outstanding26.63M48.9M48.5M48.5M48.35M48.59M50.63M53.5M54.21M54.57M
Basic Shares Outstanding26.39M48.86M48.2M48.5M48.35M48.59M50.63M53.5M53.9M54.24M
Dividend Payout Ratio----------

Balance Sheet

Apr 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+673.41M620.1M869.9M533.3M549.44M708.04M679.18M886.14M988.16M1.13B
Cash & Short-Term Investments119.61M39.8M93.6M47.2M61.14M252.83M207.99M214.17M266.5M428.86M
Cash Only112.61M39.8M93.6M47.2M61.14M252.83M207.99M214.17M266.5M428.86M
Short-Term Investments7M000000000
Accounts Receivable272.35M213.26M286.21M256.1M258.37M185.16M222.97M214.82M215.07M223.7M
Days Sales Outstanding340.9664.12103.284.4486.9872.3478.6176.7468.0565.14
Inventory212.45M183.5M144.5M153.5M164.15M115.28M105.84M129.38M147.89M147.57M
Days Inventory Outstanding2.84K131.46146.22150.41166.27123.95117.29150.12141.2140.79
Other Current Assets26.58M367.39M265.24M836K28M94.53M104.75M296.06M311.37M327.06M
Total Non-Current Assets+1.89B1.72B1.63B2.02B1.86B1.69B1.52B1.41B1.44B1.38B
Property, Plant & Equipment244.59M223.8M192.4M191.4M235.73M214.33M190.67M183.02M205.03M217.1M
Fixed Asset Turnover1.19x5.42x5.26x5.78x4.60x4.36x5.43x5.58x5.63x5.77x
Goodwill745.36M691.7M784.2M956.8M915.79M922.32M899.52M768.79M782.94M750.01M
Intangible Assets658.94M609.2M535.4M770.4M607.55M437.64M399.68M368.56M261.18M237.29M
Long-Term Investments77.49M61.1M34.5M24.8M27.26M103.4M16.6M16.27M22.84M25.08M
Other Non-Current Assets5.45M130.7M76M4.8M7.36M11.25M13.1M70.62M50.56M149.72M
Total Assets+2.56B2.34B2.5B2.55B2.41B2.4B2.2B2.29B2.43B2.51B
Asset Turnover0.11x0.52x0.40x0.43x0.45x0.39x0.47x0.45x0.47x0.50x
Asset Growth %7.7%-0.08%0.07%0.02%-0.05%-0%-0.08%0.04%0.06%0.03%
Total Current Liabilities+359.12M316.8M406M496.7M512.55M309.05M696.97M297.4M334.98M392.13M
Accounts Payable109.59M71.93M85.92M76.73M85.89M73.67M68M74.31M80.84M69.73M
Days Payables Outstanding1.46K51.5386.9475.198779.2175.3686.2277.1966.52
Short-Term Debt82.51M47.65M84.03M28.79M88.51M24.62M229.67M23.43M18.11M78M
Deferred Revenue (Current)1000K1000K1000K1000K01000K1000K1000K1000K1000K
Other Current Liabilities86.29M154.29M154.12M286.14M255.02M135.49M297.75M109.23M98.97M51.2M
Current Ratio1.88x1.96x2.14x1.07x1.07x2.29x0.97x2.98x2.95x2.87x
Quick Ratio1.28x1.38x1.79x0.76x0.75x1.92x0.82x2.54x2.51x2.50x
Cash Conversion Cycle1.72K144.05162.48159.66166.25117.08120.54140.63132.06139.41
Total Non-Current Liabilities+388.16M318.9M282.6M549.3M515.53M981.64M209.34M789.75M816.95M794.01M
Long-Term Debt91.79M75.22M61.96M139.54M260.33M642.3M9.85M518.07M568.54M549.62M
Capital Lease Obligations2.51M00046.03M42.22M35.92M29.55M45.39M40.1M
Deferred Tax Liabilities235.48M172.5M123.3M68.2M32.22M7.09M7.73M8.52M11.57M10.91M
Other Non-Current Liabilities54.45M54.45M97.26M341.49M176.95M290.04M155.84M233.62M191.45M193.36M
Total Liabilities747.28M635.7M688.6M1.05B1.03B1.29B906.31M1.09B1.15B1.19B
Total Debt+176.82M122.9M146M168.3M394.86M709.14M286.7M580.43M640.4M676.77M
Net Debt64.2M83.1M52.4M121.1M333.73M456.31M78.71M366.26M373.9M247.91M
Debt / Equity0.10x0.07x0.08x0.11x0.29x0.64x0.22x0.48x0.50x0.51x
Debt / EBITDA1.84x3.42x0.88x---4.27x--3.76x
Net Debt / EBITDA0.67x2.31x0.32x---1.17x--1.38x
Interest Coverage544.25x-2.60x12.27x-25.25x-11.37x-6.71x-0.02x-1.59x-1.16x2.05x
Total Equity+1.81B1.71B1.82B1.5B1.38B1.11B1.29B1.21B1.28B1.32B
Equity Growth %5.99%-0.06%0.06%-0.17%-0.08%-0.2%0.17%-0.07%0.06%0.03%
Book Value per Share68.0334.9137.4331.0128.6222.8325.5722.5723.5724.19
Total Shareholders' Equity1.81B1.71B1.82B1.5B1.38B1.11B1.29B1.21B1.28B1.32B
Common Stock75.44M74.58M74.75M76.14M76.26M76.3M82.3M82.42M82.53M83.16M
Retained Earnings48.21M-14.57M-39.66M-251.58M-406.75M-761.97M-897.78M-984.03M-966.48M-903.25M
Treasury Stock0-4.5M-133K-1.46M-1.26M-1.03M-650K-375K-55K-136K
Accumulated OCI-54.23M-68.49M45.31M-24.48M-19.39M27.81M-7.18M-48.12M-27.88M-80.17M
Minority Interest0000000000

Cash Flow

Apr 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+79.68M90.2M91.3M120.5M-91.14M-79.4M102.54M69.9M74.91M183.04M
Operating CF Margin %0.27%0.07%0.09%0.11%-0.08%-0.08%0.1%0.07%0.06%0.15%
Operating CF Growth %0.47%0.13%0.01%0.32%-1.76%0.13%2.29%-0.32%0.07%1.44%
Net Income57.85M-62.8M-25.1M-189.4M-157.64M-345M-135.82M-86.2M17.55M63.23M
Depreciation & Amortization7.25M85.4M83M69.9M82.99M81.3M67.99M57.8M60.86M51.14M
Stock-Based Compensation46.07M19.6M19.1M26.9M32.55M35.09M40.56M44.81M36.35M33.93M
Deferred Taxes9.4M-26.7M-9.3M-95.1M-26.5M37.3M2.85M1.4M-114.43M6.79M
Other Non-Cash Items-433.89K95.5M112.6M303.4M39.79M222.9M97.74M83.8M109.21M26.63M
Working Capital Changes-6.33M-20.8M-89M4.8M-62.34M-111M29.22M-31.7M-34.62M1.31M
Change in Receivables-2.65M-16.4M-48.9M21.2M-5.32M58.8M-15.74M-4.8M-28.86M11.1M
Change in Inventory-7.11M26.7M7.2M-10.6M-7.92M1.4M4.48M-25.7M-28.48M-6.8M
Change in Payables01.6M-41.1M7.2M-38.58M-900K12.99M-3.5M19.19M-14.5M
Cash from Investing+-9.77M-38.2M-52.9M-120.6M-41.29M-41.8M36.9M-38.4M-40.33M-48.16M
Capital Expenditures-6.69M-37.2M-34.1M-38M-24.69M-35M-25.48M-26.5M-34.98M-47.11M
CapEx % of Revenue0.02%0.03%0.03%0.03%0.02%0.04%0.02%0.03%0.03%0.04%
Acquisitions----------
Investments----------
Other Investing12.5M3.04M-1.5M14.2M-3.35M-1.9M1.73M-88K1.15M89K
Cash from Financing+-48.26M-124.3M11.3M-42.3M146.58M310.8M-181.48M280.1M21.48M18.55M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing13.75M-15.69M3.69M-9.73M-19.3M-90.69M-16.19M4.79M2.58M-60.98M
Net Change in Cash----------
Free Cash Flow+72.99M53M57.2M82.5M-115.83M-114.4M77.07M43.4M39.93M135.93M
FCF Margin %0.25%0.04%0.06%0.07%-0.11%-0.12%0.07%0.04%0.03%0.11%
FCF Growth %1.08%-0.27%0.08%0.44%-2.4%0.01%1.67%-0.44%-0.08%2.4%
FCF per Share2.741.081.181.70-2.40-2.351.520.810.742.49
FCF Conversion (FCF/Net Income)1.38x-1.44x-3.64x-0.64x0.58x0.23x-0.76x-0.81x4.27x2.89x
Interest Paid07.37M7.51M9.28M15.83M28.57M32.57M19.04M038.89M
Taxes Paid047.81M38.97M26.39M2.01M7.49M01.22M015.91M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)5.59%-3.57%-1.43%-11.41%-10.92%-27.98%-11.3%-6.89%1.41%4.87%
Return on Invested Capital (ROIC)6.55%-1.13%3.92%-10.66%-7.7%-12.51%-0.04%-3.91%-3.19%6.01%
Gross Margin90.63%58.03%64.37%66.35%66.76%63.66%68.19%69.21%66.86%69.48%
Net Margin19.84%-5.17%-2.48%-17.11%-14.54%-37.34%-13.12%-8.44%1.52%5.04%
Debt / Equity0.10x0.07x0.08x0.11x0.29x0.64x0.22x0.48x0.50x0.51x
Interest Coverage544.25x-2.60x12.27x-25.25x-11.37x-6.71x-0.02x-1.59x-1.16x2.05x
FCF Conversion1.38x-1.44x-3.64x-0.64x0.58x0.23x-0.76x-0.81x4.27x2.89x
Revenue Growth3.38%316.35%-16.61%9.35%-2.06%-13.83%10.82%-1.31%12.89%8.66%

Revenue by Segment

201620172018201920202021202220232024
Cardiopulmonary-----482.98M500.31M588.98M683.51M
Cardiopulmonary Growth------3.59%17.72%16.05%
Neuromodulation---424.55M354.44M456.17M476.99M519.71M554.22M
Neuromodulation Growth-----16.51%28.70%4.56%8.96%6.64%
Advanced Circulatory Support-----55.46M39.3M40.32M-
Advanced Circulatory Support Growth-------29.14%2.60%-
Cardiovascular---656.65M577.08M----
Cardiovascular Growth-----12.12%----
Cardiac Surgery611.72M-681.83M------
Cardiac Surgery Growth---------
Neuromodulation351.41M-422.99M------
Neuromodulation Growth---------
Cardiac Rhythm Management249.07M--------
Cardiac Rhythm Management Growth---------

Revenue by Geography

201620172018201920202021202220232024
UNITED STATES490.51M494.72M-546.48M468.63M571.3M571.56M635.04M695.08M
UNITED STATES Growth-0.86%---14.25%21.91%0.05%11.11%9.45%
Locations Excluding The United States And Europe----272.24M262.54M271.44M303.71M338.32M
Locations Excluding The United States And Europe Growth------3.56%3.39%11.89%11.40%
Europe402.07M210.47M-223.18M193.37M201.53M178.8M214.79M220.03M
Europe Growth--47.65%---13.36%4.22%-11.28%20.13%2.44%
Rest Of World--2.15M314.5M-----
Rest Of World Growth---14555.31%-----
Non-U.S. and Europe321.35M307.08M-------
Non-U.S. and Europe Growth--4.44%-------

Frequently Asked Questions

Valuation & Price

LivaNova PLC (LIVN) has a price-to-earnings (P/E) ratio of 52.9x. This suggests investors expect higher future growth.

Growth & Financials

LivaNova PLC (LIVN) reported $1.35B in revenue for fiscal year 2024. This represents a 608% increase from $190.5M in 2011.

LivaNova PLC (LIVN) grew revenue by 8.7% over the past year. This is steady growth.

LivaNova PLC (LIVN) reported a net loss of $217.5M for fiscal year 2024.

Dividend & Returns

LivaNova PLC (LIVN) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

LivaNova PLC (LIVN) generated $191.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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