Bioventus (BVS)
Market Price (7/7/2026): $11.86 | Market Cap: $798.1 MilSector: Health Care | Industry: Life Sciences Tools & Services
Bioventus (BVS)
Market Price (7/7/2026): $11.86Market Cap: $798.1 MilSector: Health CareIndustry: Life Sciences Tools & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17% Attractive yieldFCF Yield is 14% Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more. | Trading close to highsDist 52W High is -4.2% | Key risksBVS key risks include [1] a significant debt burden with restrictive covenants that limit strategic initiatives, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17% |
| Attractive yieldFCF Yield is 14% |
| Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more. |
| Trading close to highsDist 52W High is -4.2% |
| Key risksBVS key risks include [1] a significant debt burden with restrictive covenants that limit strategic initiatives, Show more. |
Qualitative Assessment
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Bioventus (BVS) stock has gained about 30% since 3/31/2026 because of the following key factors:
1. Strong Q1 Fiscal 2026 Earnings Beat and Raised Guidance. Bioventus reported its Q1 fiscal 2026 financial results on May 6, 2026, with adjusted earnings per share (EPS) of $0.15, significantly exceeding the consensus estimate of $0.07 by 120.59%. Revenue reached $132.09 million, surpassing the $129.90 million forecast by 1.69% and representing 6.6% year-over-year growth. Following these positive results, the company raised its full-year 2026 guidance for Adjusted EPS to a range of $0.75–$0.79 (an increase of $0.02 from prior guidance) and Cash from Operations to $84 million–$89 million (an increase of $2 million). The company also reaffirmed its 2026 net sales guidance of $600 million to $610 million.
2. Medicare Reimbursement Reversal for Bone Growth Stimulators. On June 7, 2026, Bioventus shares experienced a climb of up to 13% following an announcement that the Centers for Medicare & Medicaid Services (CMS) reversed previously enacted reimbursement cuts for the company's non-invasive bone growth stimulators. This reversal positively impacts the financial outlook for a key product segment by ensuring more favorable reimbursement rates.
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Bioventus (BVS) stock has gained about 30% since 3/31/2026 because of the following key factors:
1. Strong Q1 Fiscal 2026 Earnings Beat and Raised Guidance. Bioventus reported its Q1 fiscal 2026 financial results on May 6, 2026, with adjusted earnings per share (EPS) of $0.15, significantly exceeding the consensus estimate of $0.07 by 120.59%. Revenue reached $132.09 million, surpassing the $129.90 million forecast by 1.69% and representing 6.6% year-over-year growth. Following these positive results, the company raised its full-year 2026 guidance for Adjusted EPS to a range of $0.75–$0.79 (an increase of $0.02 from prior guidance) and Cash from Operations to $84 million–$89 million (an increase of $2 million). The company also reaffirmed its 2026 net sales guidance of $600 million to $610 million.
2. Medicare Reimbursement Reversal for Bone Growth Stimulators. On June 7, 2026, Bioventus shares experienced a climb of up to 13% following an announcement that the Centers for Medicare & Medicaid Services (CMS) reversed previously enacted reimbursement cuts for the company's non-invasive bone growth stimulators. This reversal positively impacts the financial outlook for a key product segment by ensuring more favorable reimbursement rates.
3. Continued Positive Analyst Ratings and Price Target Upside. During Q2 fiscal 2026, analysts maintained a bullish sentiment on Bioventus. As of July 5, 2026, the stock held a "Strong Buy" consensus rating from Wall Street analysts, with a median price target of $15.00. This median target implied a potential upside of 43.1% from the stock's trading price of approximately $10.48. Multiple firms, including Barrington Research and Canaccord Genuity, reiterated "Outperform" or "Buy" ratings for the stock in Q2 2026.
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Stock Movement Drivers
Fundamental Drivers
The 29.0% change in BVS stock from 3/31/2026 to 7/6/2026 was primarily driven by a 23.5% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 7062026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.13 | 11.78 | 29.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 568 | 576 | 1.4% |
| Net Income Margin (%) | 4.0% | 4.9% | 23.5% |
| P/E Multiple | 26.9 | 27.8 | 3.4% |
| Shares Outstanding (Mil) | 67 | 67 | -0.4% |
| Cumulative Contribution | 29.0% |
Market Drivers
3/31/2026 to 7/6/2026| Return | Correlation | |
|---|---|---|
| BVS | 29.0% | |
| Market (SPY) | 15.5% | 8.7% |
| Sector (XLV) | 10.5% | 24.0% |
Fundamental Drivers
The 58.3% change in BVS stock from 12/31/2025 to 7/6/2026 was primarily driven by a 267.2% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 7062026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.44 | 11.78 | 58.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 564 | 576 | 2.2% |
| Net Income Margin (%) | 1.3% | 4.9% | 267.2% |
| P/E Multiple | 65.6 | 27.8 | -57.6% |
| Shares Outstanding (Mil) | 67 | 67 | -0.6% |
| Cumulative Contribution | 58.3% |
Market Drivers
12/31/2025 to 7/6/2026| Return | Correlation | |
|---|---|---|
| BVS | 58.3% | |
| Market (SPY) | 10.5% | 21.6% |
| Sector (XLV) | 5.1% | 21.4% |
Fundamental Drivers
The 77.9% change in BVS stock from 6/30/2025 to 7/6/2026 was primarily driven by a 78.7% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7062026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.62 | 11.78 | 77.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 568 | 576 | 1.5% |
| P/S Multiple | 0.8 | 1.4 | 78.7% |
| Shares Outstanding (Mil) | 66 | 67 | -1.9% |
| Cumulative Contribution | 77.9% |
Market Drivers
6/30/2025 to 7/6/2026| Return | Correlation | |
|---|---|---|
| BVS | 77.9% | |
| Market (SPY) | 22.6% | 20.5% |
| Sector (XLV) | 21.7% | 25.4% |
Fundamental Drivers
The 307.6% change in BVS stock from 6/30/2023 to 7/6/2026 was primarily driven by a 293.7% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7062026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.89 | 11.78 | 307.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 514 | 576 | 12.1% |
| P/S Multiple | 0.3 | 1.4 | 293.7% |
| Shares Outstanding (Mil) | 62 | 67 | -7.7% |
| Cumulative Contribution | 307.6% |
Market Drivers
6/30/2023 to 7/6/2026| Return | Correlation | |
|---|---|---|
| BVS | 307.6% | |
| Market (SPY) | 75.5% | 22.4% |
| Sector (XLV) | 27.7% | 23.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BVS Return | -25% | -82% | 102% | 99% | -29% | 41% | -45% |
| Peers Return | 19% | -20% | -8% | -19% | 37% | 6% | 3% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| BVS Win Rate | 36% | 33% | 58% | 58% | 33% | 86% | |
| Peers Win Rate | 60% | 50% | 48% | 42% | 54% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| BVS Max Drawdown | - | -88% | -69% | -31% | -44% | -28% | |
| Peers Max Drawdown | -29% | -44% | -49% | -37% | -37% | -43% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: A, TECH, ATEC, CERS, ALMR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/6/2026 (YTD)
How Low Can It Go
| Event | BVS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.9% | -18.8% |
| % Gain to Breakeven | 66.5% | 23.1% |
| Time to Breakeven | 344 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -18.6% | -9.5% |
| % Gain to Breakeven | 22.8% | 10.5% |
| Time to Breakeven | 18 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -44.2% | -6.7% |
| % Gain to Breakeven | 79.2% | 7.1% |
| Time to Breakeven | 15 days | 31 days |
In The Past
Bioventus's stock fell -39.9% during the 2025 US Tariff Shock. Such a loss loss requires a 66.5% gain to breakeven.
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| Event | BVS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.9% | -18.8% |
| % Gain to Breakeven | 66.5% | 23.1% |
| Time to Breakeven | 344 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -44.2% | -6.7% |
| % Gain to Breakeven | 79.2% | 7.1% |
| Time to Breakeven | 15 days | 31 days |
In The Past
Bioventus's stock fell -39.9% during the 2025 US Tariff Shock. Such a loss loss requires a 66.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Bioventus (BVS)
Bioventus Inc. (BVS) is a medical device company focused on developing and commercializing a range of clinically proven treatments designed to engage and enhance the body's natural healing processes. The company operates both in the United States and internationally, offering solutions that span the continuum of orthopedic care, from non-surgical interventions to advanced surgical and rehabilitation support.
Bioventus's product portfolio is broadly categorized into three areas. Its "pain treatments" include non-surgical joint pain injection therapies and peripheral nerve stimulation products. "Surgical solutions" encompass bone graft substitutes used to fuse and grow bones and enhance results in spinal and other orthopedic surgeries, along with ultrasonic medical devices for precise bone sculpting, tumor removal, and tissue debridement. Lastly, "restorative therapies" feature an ultrasonic bone healing system for fracture care, skin allografts, products for chronic wound healing, and advanced rehabilitation devices aimed at restoring leg or hand function.
The company primarily serves a broad spectrum of physicians within the orthopedic continuum, including specialists in sports medicine, total joint reconstruction, hand and upper extremities, foot and ankle, podiatric surgery, trauma, spine, and neurosurgery. These medical professionals utilize Bioventus products in various clinical settings, such as physician's offices, clinics, ambulatory surgical centers, and hospitals, ultimately supporting patients recovering from injuries, chronic conditions, and surgical procedures.
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Here are 1-3 brief analogies for Bioventus:
- Like a Stryker for natural orthopedic healing and pain relief.
- A Medtronic, specialized in devices that aid the body's natural healing after orthopedic injuries or surgery.
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- Non-surgical Joint Pain Therapies: Injection therapies designed to alleviate joint pain without invasive surgery.
- Peripheral Nerve Stimulation Products: Devices that use electrical stimulation to manage and reduce chronic pain.
- Bone Graft Substitutes: Materials used to promote bone fusion and growth, enhancing outcomes in spinal and other orthopedic surgeries.
- Ultrasonic Surgical Devices: Medical instruments employing ultrasound for precise bone sculpting, tumor removal, and tissue debridement in surgical settings.
- Ultrasonic Bone Healing Systems: Systems that utilize ultrasound technology to accelerate the healing process of bone fractures.
- Skin Allografts and Wound Healing Products: Grafted skin and other products designed to support the healing of chronic wounds.
- Advanced Rehabilitation Devices: Equipment developed to assist patients in regaining motor function in their legs or hands.
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Bioventus (symbol: BVS) sells its products primarily to other companies and organizations within the healthcare sector, rather than directly to individual consumers. The company's customer base consists of various healthcare providers and facilities where its medical devices and treatments are utilized.
Based on the company description, Bioventus serves physicians across a broad orthopedic continuum. Its major customer categories include:
- Physician's offices or clinics: These encompass practices specializing in areas such as sports medicine, total joint reconstruction, hand and upper extremities, foot and ankle, podiatric surgery, trauma, spine, and neurosurgery.
- Ambulatory Surgical Centers (ASCs): Facilities where patients undergo surgical procedures that do not require an overnight hospital stay.
- Hospitals: Larger healthcare institutions where a wide range of surgical and medical treatments are performed.
As a medical device company, Bioventus does not typically disclose the names of individual hospitals, clinics, or surgical centers as specific "major customers" in its public descriptions. Instead, it serves a broad network of these types of healthcare organizations.
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Robert Claypoole, President and Chief Executive Officer
Mr. Claypoole has served as President, Chief Executive Officer, and Director of Bioventus since January 2024. He brings over two decades of global commercial leadership experience in the medical device industry. Previously, he led Mölnlycke Health Care's $1.2 billion global Wound Care business as Executive Vice President. He also held senior positions at Medtronic/Covidien and Johnson & Johnson, including various leadership roles at Medtronic and Covidien (before its acquisition by Medtronic), and Global Vice President & General Manager roles for Obesity & Metabolic Health and Soft Tissue Repair & Hemostats businesses, where he led a successful global turnaround.
Mark Singleton, Senior Vice President and Chief Financial Officer
Mr. Singleton was appointed Senior Vice President, Chief Financial Officer, and Principal Accounting Officer, effective March 21, 2022. He has more than two decades of experience in operational finance and mergers & acquisitions at large and multi-national organizations. Prior to joining Bioventus, he served as Vice President of Finance, Americas for Teleflex Incorporated, overseeing financial responsibility for a $1.7 billion business. He was involved in initiating the Vascular Solutions acquisition at Teleflex. Before Teleflex, he spent almost two decades at Lenovo/IBM, holding various senior leadership finance positions, including EMEA CFO, Western Europe CFO, North America CFO, and Think Business Group CFO.
Katrina Church, Chief Compliance Officer
Katrina Church serves as Bioventus' Chief Compliance Officer.
Anthony D'Adamio, Senior Vice President and General Counsel
Anthony D'Adamio holds the position of Senior Vice President and General Counsel at Bioventus.
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The key risks to Bioventus (BVS) largely stem from the highly regulated and competitive nature of the medical device industry, as well as its reliance on healthcare payment systems.
- Reimbursement and Coverage Risks: Bioventus faces significant risk from changes in healthcare policy and reimbursement practices. Inadequate coverage or reduced reimbursement for its products, such as joint pain injection therapies, bone graft substitutes, and ultrasonic bone healing systems, could severely hinder commercialization and revenue growth. The demand for many of its products is directly dependent on their continued acceptance and adequate coverage by physicians, patients, and particularly, by government and private payers.
- Regulatory Challenges and Compliance: As a medical device company, Bioventus is subject to extensive and complex regulations, including those from the FDA and international bodies. Difficulties in obtaining or maintaining regulatory clearances or approvals for new or existing products, or non-compliance with evolving regulatory requirements, could prevent or delay market access and necessitate costly additional clinical studies. Past instances of False Claims Act violations related to reimbursement highlight the ongoing compliance challenges in the industry.
- Product Concentration and Intense Competition: Bioventus remains heavily reliant on a limited number of products for its revenue and profitability. The markets for its pain treatments, surgical solutions, and restorative therapies are highly competitive, featuring both established companies with greater resources and newer entrants. The introduction of more effective, lower-cost, or technologically advanced alternative treatments by competitors could erode Bioventus's market share and negatively impact its financial performance.
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The clear emerging threat for Bioventus (BVS) is the rapid advancement and increasing commercialization of novel cell and gene therapies and other highly sophisticated biologics in the fields of orthopedics, pain management, and wound care. These emerging treatments offer the potential for more definitive, curative, or significantly more effective biological repair and regeneration compared to Bioventus's current portfolio of bone graft substitutes, non-surgical joint pain injections, skin allografts, and ultrasonic healing systems. As these advanced regenerative medicine approaches gain wider clinical adoption and reimbursement, they could displace Bioventus's existing product lines by offering superior long-term outcomes for conditions such as joint degeneration, bone non-unions, and chronic wounds.
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Bioventus Inc. (BVS) operates within addressable markets totaling over $6 billion, encompassing its key businesses of Pain Treatments, Surgical Solutions, and Restorative Therapies.
Pain Treatments
- Non-surgical Joint Pain Injection Therapies: The global market size for joint pain injections was valued at approximately USD 6.34 billion in 2025 and is projected to reach USD 15.67 billion by 2034. North America held the largest share of this market, at 45.52% in 2025.
- Peripheral Nerve Stimulation Products: The global peripheral nerve stimulators market was estimated at USD 713 million in 2025 and is anticipated to reach USD 1077 million by 2032. North America accounted for approximately 45% of the global market share in 2024.
Surgical Solutions
- Bone Graft Substitutes: The global bone graft substitutes market was valued at USD 4.29 billion in 2025 and is projected to grow to USD 7.64 billion by 2034. North America dominated this market with a 46.34% share in 2025.
- Ultrasonic Medical Devices (for bone sculpting, tumor removal, tissue debridement): The global ultrasonic electrosurgery devices market size is expected to increase from USD 3.95 billion in 2025 to USD 5.33 billion by 2031. North America captured a 40.43% share in 2025.
Restorative Therapies
- Ultrasonic Bone Healing System for Fracture Care: The global bone growth stimulator market, which includes ultrasonic systems, was valued at USD 2.2 billion in 2025 and is projected to reach USD 3.53 billion by 2034. North America held a significant share of 41.09% in 2025.
- Skin Allografts: The global allografts market (which includes skin allografts) expanded from USD 2.62 billion in 2025 and is projected to achieve a USD 4.91 billion valuation by 2032.
- Products for Chronic Wound Healing: The global chronic wound care market size was valued at USD 15.27 billion in 2025 and is projected to grow to USD 29.22 billion by 2034. North America dominated this market with a 37.42% share in 2025.
- Advanced Rehabilitation Devices: The global rehabilitation equipment market size was estimated at USD 23 billion in 2025 and is expected to grow to USD 47.2 billion in 2035. North America dominated the global market with a 36.8% share in 2025.
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Expansion of Pain Treatments Portfolio with PNS and PRP: Bioventus is significantly investing in Peripheral Nerve Stimulation (PNS) and Platelet-Rich Plasma (PRP) therapies, expecting these new, high-potential growth drivers to contribute at least 200 basis points to its growth in 2026. This includes expanding commercial resources, generating clinical evidence, and enhancing marketing efforts to raise awareness of these differentiated technologies.
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Continued Growth in Surgical Solutions, particularly Ultrasonics: The company anticipates strong double-digit growth within its Surgical Solutions segment, driven by its ultrasonics offerings. This growth is fueled by increased awareness of the technology's value proposition and market adoption in the U.S.
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Sustained Performance of Restorative Therapies, led by EXOGEN: The EXOGEN Bone Stimulation System is a key contributor to organic growth within the Restorative Therapies segment. Improvements in commercial effectiveness and sales force execution are expected to drive continued strong performance.
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Strategic International Market Expansion: Bioventus is focusing on expanding its presence in international markets. This strategy involves new leadership, targeted plans, and substantial new investments to achieve double-digit organic growth in these regions.
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Accelerated Organic Revenue Growth through High-Growth Market Focus: Beyond specific product lines, Bioventus is committed to accelerating its overall organic revenue growth by prioritizing investments toward high-growth opportunities and enhancing its portfolio. The company has guided for 6% to 8% organic revenue growth for 2025 and demonstrated 10% organic growth in Q4 2025, excluding the impact of divestitures.
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Share Repurchases
- Information regarding specific dollar amounts of share repurchases or authorized future repurchases was not explicitly available in the provided search results. A "Buyback Yield" of -6.77% in the last 12 months suggests a net issuance of shares rather than repurchases during that period.
Share Issuance
- In February 2021, Bioventus priced its initial public offering of 8,000,000 shares of Class A common stock at $13.00 per share, generating gross proceeds of approximately $104.0 million (or $119.6 million if underwriters fully exercised their option).
- The acquisition of Misonix in October 2021 involved consideration that included Bioventus Class A common stock, with Misonix stockholders having the right to receive 1.6839 shares of Bioventus Class A common stock for each Misonix share.
Inbound Investments
- In July 2025, Bioventus refinanced its debt with a new $300 million term loan and a $100 million revolving credit facility maturing in 2030.
- Institutional investors have modified their holdings, with some significantly increasing their stakes; for instance, Nantahala Capital Management LLC raised its holdings to 5,280,842 shares (approximately $34,959,000) in the second quarter.
Outbound Investments
- Bioventus acquired Bioness, Inc. in March 2021 for an up-front consideration of $45 million, with potential contingent consideration of up to $65 million.
- The company completed the acquisition of CartiHeal in July 2022 for $315 million.
- Bioventus acquired Misonix, Inc. in October 2021, a transaction that involved both cash and common stock.
Capital Expenditures
- Capital expenditures were reported as $1.01 million in 2024, $7.36 million in 2023, and $1.48 million in 2022.
- In the last 12 months, capital expenditures were -$2.56 million, indicating that proceeds from asset sales exceeded new capital spending.
- For 2026, Bioventus plans to allocate approximately $13 million in incremental investment towards key growth drivers such as Peripheral Nerve Stimulation (PNS), Platelet-Rich Plasma (PRP), Ultrasonics, and its international business.
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 18.72 |
| Mkt Cap | 1.4 |
| Rev LTM | 787 |
| Op Inc LTM | 60 |
| FCF LTM | 101 |
| FCF 3Y Avg | 42 |
| CFO LTM | 103 |
| CFO 3Y Avg | 45 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.1% |
| Rev Chg 3Y Avg | 3.9% |
| Rev Chg Q | 10.0% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | 58.5% |
| Op Inc Chg 3Y Avg | 20.6% |
| Op Mgn LTM | 10.4% |
| Op Mgn 3Y Avg | 6.1% |
| QoQ Delta Op Mgn LTM | 1.4% |
| CFO/Rev LTM | 17.9% |
| CFO/Rev 3Y Avg | 7.9% |
| FCF/Rev LTM | 15.0% |
| FCF/Rev 3Y Avg | 7.4% |
Price Behavior
| Market Price | $11.78 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 02/11/2021 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $9.63 | $11.48 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 22.3% | 2.7% |
| 3M | 1YR | |
| Volatility | 59.4% | 52.7% |
| Downside Capture | -87.85 | 28.29 |
| Upside Capture | 50.79 | 86.28 |
| Correlation (SPY) | 5.8% | 20.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.08 | -0.65 | 0.34 | 0.71 | 0.81 | 0.94 |
| Up Beta | -0.50 | 1.60 | 1.84 | 1.81 | 2.23 | 0.62 |
| Down Beta | -0.21 | -0.93 | -1.35 | 0.38 | 0.19 | 1.19 |
| Up Capture | -92% | -102% | 8% | 57% | 57% | 147% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 13 | 22 | 33 | 72 | 129 | 380 |
| Down Capture | -225% | -143% | -17% | 19% | 45% | 97% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 7 | 18 | 29 | 51 | 116 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BVS | |
|---|---|---|---|---|
| BVS | 73.1% | 52.7% | 1.22 | - |
| Sector ETF (XLV) | 21.3% | 15.6% | 1.04 | 24.6% |
| Equity (SPY) | 22.2% | 12.5% | 1.32 | 20.8% |
| Gold (GLD) | 23.7% | 27.8% | 0.75 | -0.2% |
| Commodities (DBC) | 21.2% | 18.6% | 0.90 | -17.3% |
| Real Estate (VNQ) | 12.4% | 13.8% | 0.61 | 29.2% |
| Bitcoin (BTCUSD) | -43.6% | 42.7% | -1.23 | 4.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BVS | |
|---|---|---|---|---|
| BVS | -8.9% | 81.2% | 0.27 | - |
| Sector ETF (XLV) | 6.8% | 14.9% | 0.27 | 20.0% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 24.6% |
| Gold (GLD) | 18.1% | 18.3% | 0.80 | 1.3% |
| Commodities (DBC) | 7.3% | 19.5% | 0.27 | 0.1% |
| Real Estate (VNQ) | 2.7% | 18.9% | 0.05 | 26.8% |
| Bitcoin (BTCUSD) | 14.2% | 53.6% | 0.45 | 15.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BVS | |
|---|---|---|---|---|
| BVS | -4.7% | 79.9% | 0.26 | - |
| Sector ETF (XLV) | 10.4% | 16.6% | 0.51 | 19.5% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 24.2% |
| Gold (GLD) | 12.3% | 16.1% | 0.62 | 2.0% |
| Commodities (DBC) | 5.8% | 18.0% | 0.25 | -1.1% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 26.4% |
| Bitcoin (BTCUSD) | 58.3% | 66.2% | 0.98 | 14.4% |
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Earnings Returns History
Updated 6/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | 2.2% | -5.1% | -18.5% |
| 3/5/2026 | 7.4% | 5.1% | 5.9% |
| 11/4/2025 | 15.1% | 14.2% | 16.2% |
| 8/6/2025 | 18.7% | 19.1% | 15.6% |
| 5/6/2025 | -11.8% | -4.1% | -7.1% |
| 3/11/2025 | 23.3% | 11.9% | -12.7% |
| 11/5/2024 | -16.3% | -9.3% | -19.5% |
| 8/6/2024 | 29.2% | 20.8% | 54.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 10 |
| # Negative | 6 | 8 | 11 |
| Median Positive | 7.4% | 11.9% | 17.8% |
| Median Negative | -8.1% | -5.1% | -10.4% |
| Max Positive | 29.2% | 43.0% | 163.1% |
| Max Negative | -33.7% | -26.3% | -19.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | 2.2% | -5.1% | -18.5% |
| 3/5/2026 | 7.4% | 5.1% | 5.9% |
| 11/4/2025 | 15.1% | 14.2% | 16.2% |
| 8/6/2025 | 18.7% | 19.1% | 15.6% |
| 5/6/2025 | -11.8% | -4.1% | -7.1% |
| 3/11/2025 | 23.3% | 11.9% | -12.7% |
| 11/5/2024 | -16.3% | -9.3% | -19.5% |
| 8/6/2024 | 29.2% | 20.8% | 54.3% |
| 5/7/2024 | 28.0% | 43.0% | 71.5% |
| 3/12/2024 | 5.5% | 3.4% | -6.4% |
| 11/7/2023 | 0.4% | 2.9% | 25.7% |
| 8/8/2023 | 14.1% | 39.4% | 0.6% |
| 5/11/2023 | 17.5% | 27.2% | 163.1% |
| 11/16/2022 | -33.7% | -26.3% | -10.4% |
| 8/11/2022 | -2.8% | 0.5% | -6.4% |
| 5/10/2022 | -4.4% | 3.6% | 14.4% |
| 3/10/2022 | 1.2% | -0.7% | -1.8% |
| 1/12/2022 | 1.7% | -2.7% | -15.9% |
| 11/9/2021 | -0.1% | -5.1% | -16.5% |
| 8/10/2021 | 1.3% | -7.2% | -1.1% |
| 5/12/2021 | 3.1% | 4.4% | 19.4% |
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 10 |
| # Negative | 6 | 8 | 11 |
| Median Positive | 7.4% | 11.9% | 17.8% |
| Median Negative | -8.1% | -5.1% | -10.4% |
| Max Positive | 29.2% | 43.0% | 163.1% |
| Max Negative | -33.7% | -26.3% | -19.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/05/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/11/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/16/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/21/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/05/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/11/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/16/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/21/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 03/11/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/11/2021 | 10-Q |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 03/26/2021 | 10-K |
| 09/30/2020 | 02/12/2021 | 424B4 |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 EPS | 0.75 | 0.77 | 0.79 | 2.7% | Raised | Guidance: 0.75 for 2026 | |
| 2026 Free Cash Flow | 84.00 Mil | 86.50 Mil | 89.00 Mil | 2.4% | Raised | Guidance: 84.50 Mil for 2026 | |
| 2026 Revenue | 600.00 Mil | 605.00 Mil | 610.00 Mil | 0 | Affirmed | Guidance: 605.00 Mil for 2026 | |
| 2026 Revenue Growth | 6.0% | 6.5% | 7.0% | 0 | 0 | Affirmed | Guidance: 6.5% for 2026 |
Prior: Q4 2025 Earnings Reported 3/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 600.00 Mil | 605.00 Mil | 610.00 Mil | 7.1% | Higher New | Guidance: 565.00 Mil for 2025 | |
| 2026 Revenue Growth | 6.0% | 6.5% | 7.0% | ||||
| 2026 Adjusted EPS | 0.73 | 0.75 | 0.77 | 13.6% | Higher New | Guidance: 0.66 for 2025 | |
| 2026 EPS Growth | 7.0% | 10.0% | 13.0% | ||||
| 2026 Cash from Operations | 82.00 Mil | 84.50 Mil | 87.00 Mil | ||||
Q3 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 560.00 Mil | 565.00 Mil | 570.00 Mil | 0 | Affirmed | Guidance: 565.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | 112.00 Mil | 114.00 Mil | 116.00 Mil | 0 | Affirmed | Guidance: 114.00 Mil for 2025 | |
| 2025 Non-GAAP EPS | 0.64 | 0.66 | 0.68 | 0 | Affirmed | Guidance: 0.66 for 2025 | |
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Industry Resources
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