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Strata Critical Medical, Inc. (SRTA) 10-Year Financial Performance & Capital Metrics

SRTA • • Industrial / General
IndustrialsAirlines & AirportsEmerging Air MobilitySpecialized Medical Transport
AboutStrata Critical Medical, Inc. provides time critical logistics solutions and specialized medical services to healthcare providers across the United States. The company operates as both an air and ground transporter of human organs for transplant. The company was formerly known as Blade Air Mobility, Inc. and change its name to Strata Critical Medical, Inc. in August 2025. The company was founded in 2014 and is headquartered in New York, New York.Show more
  • Revenue $249M +10.4%
  • EBITDA -$28M +54.2%
  • Net Income -$27M +51.3%
  • EPS (Diluted) -0.35 +53.9%
  • Gross Margin 23.69% +26.7%
  • EBITDA Margin -11.24% +58.5%
  • Operating Margin -13.64% +54.9%
  • Net Margin -10.98% +55.9%
  • ROE -11.97% +45.7%
  • ROIC -11.47% +45.9%
  • Debt/Equity 0.04 -59.9%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 86 (top 14%)
  • ✓Strong 5Y sales CAGR of 51.5%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow

* 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

10Y-
5Y51.47%
3Y70.1%
TTM-5.4%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM178.49%

EPS CAGR

10Y-
5Y-
3Y-
TTM172.65%

ROCE

10Y Avg-13.52%
5Y Avg-15.4%
3Y Avg-18.47%
Latest-13.75%

Peer Comparison

Specialized Medical Transport
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SRTAStrata Critical Medical, Inc.494.88M5.73-16.3710.44%17.65%14.27%0.04

Profit & Loss

Sep 2019Sep 2020Sep 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+31.2M23.43M50.53M146.12M225.18M248.69M
Revenue Growth %--0.25%1.16%1.89%0.54%0.1%
Cost of Goods Sold+26.5M21.11M40.01M123.84M183.06M189.77M
COGS % of Revenue0.85%0.9%0.79%0.85%0.81%0.76%
Gross Profit+4.7M2.33M10.52M22.27M42.12M58.92M
Gross Margin %0.15%0.1%0.21%0.15%0.19%0.24%
Gross Profit Growth %--0.5%3.52%1.12%0.89%0.4%
Operating Expenses+16.24M12.69M34.61M75.8M110.24M92.84M
OpEx % of Revenue0.52%0.54%0.69%0.52%0.49%0.37%
Selling, General & Admin15.49M11.82M32.93M70.26M105.61M89.66M
SG&A % of Revenue0.5%0.5%0.65%0.48%0.47%0.36%
Research & Development751K861K1.68M5.54M4.63M3.18M
R&D % of Revenue0.02%0.04%0.03%0.04%0.02%0.01%
Other Operating Expenses000000
Operating Income+-11.54M-10.36M-24.09M-53.53M-68.12M-33.93M
Operating Margin %-0.37%-0.44%-0.48%-0.37%-0.3%-0.14%
Operating Income Growth %-0.1%-1.33%-1.22%-0.27%0.5%
EBITDA+-11.07M-9.83M-23.5M-69.87M-61.01M-27.96M
EBITDA Margin %-0.35%-0.42%-0.47%-0.48%-0.27%-0.11%
EBITDA Growth %-0.11%-1.39%-1.97%0.13%0.54%
D&A (Non-Cash Add-back)472K526K596K-16.34M7.11M5.96M
EBIT-11.54M-10.36M-24.09M-53.53M-68.12M-33.93M
Net Interest Income+703K199K460K3.43M8.44M7.21M
Interest Income703K200K460K3.43M8.44M7.21M
Interest Expense01K0000
Other Income/Expense703K199K-19.6M25.5M10.57M6.36M
Pretax Income+-10.84M-10.16M-43.7M-28.03M-57.54M-27.56M
Pretax Margin %-0.35%-0.43%-0.86%-0.19%-0.26%-0.11%
Income Tax+00-3.64M-772K-1.47M-255K
Effective Tax Rate %1%1%0.92%0.97%0.97%0.99%
Net Income+-10.84M-10.16M-40.05M-27.26M-56.08M-27.31M
Net Margin %-0.35%-0.43%-0.79%-0.19%-0.25%-0.11%
Net Income Growth %-0.06%-2.94%0.32%-1.06%0.51%
Net Income (Continuing)-10.84M-10.16M-40.05M-27.26M-56.08M-27.31M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-1.47-0.81-0.57-0.38-0.76-0.35
EPS Growth %-0.45%0.3%0.33%-1%0.54%
EPS (Basic)-1.47-0.81-0.57-0.38-0.76-0.35
Diluted Shares Outstanding7.36M12.51M70.1M71.24M73.52M77.5M
Basic Shares Outstanding7.36M12.51M70.1M71.24M73.52M77.5M
Dividend Payout Ratio------

Balance Sheet

Sep 2019Sep 2020Sep 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.43M14.38M294.94M218.13M206.26M160.74M
Cash & Short-Term Investments277.57M12.16M281.97M192.08M166.14M127.14M
Cash Only1.31M12.16M2.6M41.34M27.87M18.38M
Short-Term Investments276.26M0279.37M150.74M138.26M108.76M
Accounts Receivable01.09M5.55M10.88M21M21.59M
Days Sales Outstanding-17.0140.0827.1734.0531.69
Inventory0512K547K000
Days Inventory Outstanding-8.854.99---
Other Current Assets-276.14M114K83K3.08M19.12M12.02M
Total Non-Current Assets+276.26M3.34M40.94M106.9M88.68M95.93M
Property, Plant & Equipment02.5M2.76M19.73M26.38M39.79M
Fixed Asset Turnover-9.39x18.32x7.41x8.54x6.25x
Goodwill0013.33M39.45M40.37M41.05M
Intangible Assets0533K24.42M46.37M20.52M13.65M
Long-Term Investments276.26M200K200K000
Other Non-Current Assets0107K232K1.36M1.4M1.44M
Total Assets+277.69M17.71M335.88M325.02M294.94M256.68M
Asset Turnover0.11x1.32x0.15x0.45x0.76x0.97x
Asset Growth %--0.94%17.96%-0.03%-0.09%-0.13%
Total Current Liabilities+371.31K6.34M12.78M26.61M35.49M22.73M
Accounts Payable0776K6.37M16.54M00
Days Payables Outstanding-13.4258.1148.74--
Short-Term Debt231.37K1.17M0000
Deferred Revenue (Current)00001000K1000K
Other Current Liabilities139.94K3.97M5.98M6.71M23.86M12.77M
Current Ratio3.85x2.27x23.07x8.20x5.81x7.07x
Quick Ratio3.85x2.19x23.03x8.20x5.81x7.07x
Cash Conversion Cycle-12.44-13.04---
Total Non-Current Liabilities+231.37K291K31.73M23.93M25.15M12.01M
Long-Term Debt231.37K00000
Capital Lease Obligations0291K278K14.97M19.74M6.02M
Deferred Tax Liabilities0000451K185K
Other Non-Current Liabilities0031.45M8.96M4.96M5.81M
Total Liabilities272.69M6.63M44.51M50.54M60.64M34.74M
Total Debt+462.73K1.89M716K18.33M24.52M9.32M
Net Debt-842.88K-10.28M-1.88M-23.01M-3.35M-9.06M
Debt / Equity0.09x0.17x0.00x0.07x0.10x0.04x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage--10359.00x----
Total Equity+5M11.08M291.37M274.49M234.3M221.94M
Equity Growth %-1.22%25.3%-0.06%-0.15%-0.05%
Book Value per Share0.680.894.163.853.192.86
Total Shareholders' Equity5M11.08M291.37M274.49M234.3M221.94M
Common Stock1323K7K7K7K7K
Retained Earnings784.78K-37.14M-76.42M-103.68M-159.75M-186.9M
Treasury Stock-00000
Accumulated OCI00-898K2.29M3.96M1.75M
Minority Interest000000

Cash Flow

Sep 2019Sep 2020Sep 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-10.3M-10.82M-15.62M-37.13M-32.35M-2.52M
Operating CF Margin %-0.33%-0.46%-0.31%-0.25%-0.14%-0.01%
Operating CF Growth %--0.05%-0.44%-1.38%0.13%0.92%
Net Income-10.84M-10.16M-40.05M-27.26M-56.08M-27.31M
Depreciation & Amortization472K526K596K5.72M7.11M5.96M
Stock-Based Compensation317K490K9.62M012.5M19.89M
Deferred Taxes00-3.64M-772K-1.47M-255K
Other Non-Cash Items28K020.06M-14.81M12.32M2.2M
Working Capital Changes-281K-1.67M-2.2M-17K-6.74M-3.01M
Change in Receivables-165K-591K-414K-5.35M-10.25M-998K
Change in Inventory000000
Change in Payables0009.9M00
Cash from Investing+-1.05M-377K-321.34M79.34M17.09M-1.02M
Capital Expenditures-604K-377K-297K-730K-2.11M-30.88M
CapEx % of Revenue0.02%0.02%0.01%0%0.01%0.12%
Acquisitions------
Investments------
Other Investing-250K0-504K0138K-2.11M
Cash from Financing+116K1.18M332.26M-1.08M-76K-5.76M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing116K15K213.79M-1.17M-76K-5.51M
Net Change in Cash------
Free Cash Flow+-11.16M-11.2M-16.42M-37.86M-34.46M-35.51M
FCF Margin %-0.36%-0.48%-0.32%-0.26%-0.15%-0.14%
FCF Growth %--0%-0.47%-1.31%0.09%-0.03%
FCF per Share-1.52-0.89-0.23-0.53-0.47-0.46
FCF Conversion (FCF/Net Income)0.95x1.06x0.39x1.36x0.58x0.09x
Interest Paid-012K000
Taxes Paid-00016K0

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-216.76%-126.37%-26.48%-9.63%-22.04%-11.97%
Return on Invested Capital (ROIC)--313.2%-12.45%-14.84%-21.18%-11.47%
Gross Margin15.06%9.93%20.82%15.24%18.71%23.69%
Net Margin-34.74%-43.36%-79.27%-18.66%-24.9%-10.98%
Debt / Equity0.09x0.17x0.00x0.07x0.10x0.04x
Interest Coverage--10359.00x----
FCF Conversion0.95x1.06x0.39x1.36x0.58x0.09x
Revenue Growth--24.88%115.61%189.2%54.11%10.44%

Revenue by Segment

2021202220232024
Medical-71.78M126.6M146.82M
Medical Growth--76.38%15.97%
Passenger-74.34M98.58M101.88M
Passenger Growth--32.60%3.35%
MediMobility Organ Transport And Jet26.35M---
MediMobility Organ Transport And Jet Growth----
Short Distance22.25M---
Short Distance Growth----
Other1.93M---
Other Growth----

Revenue by Geography

2021202220232024
UNITED STATES-133.3M190.74M218.75M
UNITED STATES Growth--43.10%14.68%
Non-US-12.82M34.44M29.95M
Non-US Growth--168.57%-13.04%

Frequently Asked Questions

Growth & Financials

Strata Critical Medical, Inc. (SRTA) reported $228.8M in revenue for fiscal year 2024. This represents a 633% increase from $31.2M in 2019.

Strata Critical Medical, Inc. (SRTA) grew revenue by 10.4% over the past year. This is steady growth.

Yes, Strata Critical Medical, Inc. (SRTA) is profitable, generating $40.4M in net income for fiscal year 2024 (-11.0% net margin).

Dividend & Returns

Strata Critical Medical, Inc. (SRTA) has a return on equity (ROE) of -12.0%. Negative ROE indicates the company is unprofitable.

Strata Critical Medical, Inc. (SRTA) had negative free cash flow of $54.6M in fiscal year 2024, likely due to heavy capital investments.

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