Pro-Dex (PDEX)


Market Price (9/9/2026): $66.8 | Market Cap: $213.1 MilSector: Health Care | Industry: Health Care Equipment

Pro-Dex (PDEX)


Market Price (9/9/2026): $66.8
Market Cap: $213.1 Mil
Sector: Health Care
Industry: Health Care Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%

Megatrend and thematic drivers
Megatrends include Medical Technology Innovation, and Advanced Manufacturing & Automation. Themes include Medical Device Components & Subsystems, and Precision Motion Control Solutions.

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 29x

Key risks
PDEX key risks include [1] an extreme customer concentration, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%
1 Megatrend and thematic drivers
Megatrends include Medical Technology Innovation, and Advanced Manufacturing & Automation. Themes include Medical Device Components & Subsystems, and Precision Motion Control Solutions.
2 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 29x
3 Key risks
PDEX key risks include [1] an extreme customer concentration, Show more.

PDEX in ETFs

Weight = PDEX's share of each fund

VTI0.00%
IWM0.00%
IWO0.01%
VTWO0.00%
DFAS0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/8/2026

Pro-Dex (PDEX) stock has gained about 5% since 5/31/2026 because of the following key factors:

1. Strong Financial Performance in Fiscal Q4 2026 and Full-Year Fiscal 2026.

Pro-Dex reported robust financial results, with fiscal Q4 2026 (ended June 30, 2026) net sales increasing 17% year-over-year to $20.4 million and diluted earnings per share (EPS) of $0.87, surpassing analyst estimates of $0.66. For the entire fiscal year 2026, net sales rose 16% to $77.5 million, and net income surged 52% to $13.7 million, translating to a diluted EPS of $4.12. Gross margin also improved to 31% for the fiscal year.

2. Growth in Medical Device Revenue Driven by Next-Generation Orthopedic Handpiece.

The company's core medical device revenue experienced significant growth, increasing 30% in fiscal 2026 to $62.1 million. This surge was primarily attributed to higher shipments of a next-generation orthopedic handpiece to Pro-Dex's largest customer, impacting both fiscal Q3 and Q4 2026 performance.

Show more
Updated on 9/8/2026

Pro-Dex (PDEX) stock has gained about 5% since 5/31/2026 because of the following key factors:

1. Strong Financial Performance in Fiscal Q4 2026 and Full-Year Fiscal 2026.

Pro-Dex reported robust financial results, with fiscal Q4 2026 (ended June 30, 2026) net sales increasing 17% year-over-year to $20.4 million and diluted earnings per share (EPS) of $0.87, surpassing analyst estimates of $0.66. For the entire fiscal year 2026, net sales rose 16% to $77.5 million, and net income surged 52% to $13.7 million, translating to a diluted EPS of $4.12. Gross margin also improved to 31% for the fiscal year.

2. Growth in Medical Device Revenue Driven by Next-Generation Orthopedic Handpiece.

The company's core medical device revenue experienced significant growth, increasing 30% in fiscal 2026 to $62.1 million. This surge was primarily attributed to higher shipments of a next-generation orthopedic handpiece to Pro-Dex's largest customer, impacting both fiscal Q3 and Q4 2026 performance.

3. Strategic Acquisition of Advanced Precision Machining (APM).

The acquisition of Advanced Precision Machining (APM) in February 2026 contributed to a 76% increase in industrial and scientific sales in fiscal 2026. This acquisition diversified Pro-Dex's capabilities by expanding its offerings into the aerospace and defense industries, adding new revenue streams and manufacturing capacity.

4. Secured Long-Term Customer Relationship and Positive Analyst Sentiment.

Pro-Dex secured a critical three-year contract extension with its largest customer through December 31, 2028, which includes minimum purchase volumes for calendar years 2026 and 2027. This extension provides substantial revenue stability and visibility for the company. Concurrently, analysts maintained a consensus "Buy" or "Strong Buy" rating for PDEX throughout the period, with a median 12-month price target of $70.00.

5. Significant Gains from Marketable Equity Investments.

The company's net income was further bolstered by non-operating income, including $5.7 million in realized gains on marketable equity investments in fiscal 2026. A substantial portion of these gains resulted from the acquisition of Monogram Technologies by Zimmer Biomet.

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Stock Movement Drivers

Fundamental Drivers

The 2.5% change in PDEX stock from 5/31/2026 to 9/8/2026 was primarily driven by a 9.6% change in the company's Net Income Margin (%).
(LTM values as of)53120269082026Change
Stock Price ($)64.7766.412.5%
Change Contribution By: 
Total Revenues ($ Mil)75783.9%
Net Income Margin (%)16.1%17.6%9.6%
P/E Multiple17.315.5-10.2%
Shares Outstanding (Mil)330.4%
Cumulative Contribution2.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/8/2026
ReturnCorrelation
PDEX2.5% 
Market (SPY)1.3%33.1%
Sector (XLV)11.8%1.2%

Fundamental Drivers

The 49.9% change in PDEX stock from 2/28/2026 to 9/8/2026 was primarily driven by a 22.1% change in the company's P/E Multiple.
(LTM values as of)22820269082026Change
Stock Price ($)44.3166.4149.9%
Change Contribution By: 
Total Revenues ($ Mil)72787.6%
Net Income Margin (%)15.7%17.6%12.0%
P/E Multiple12.715.522.1%
Shares Outstanding (Mil)331.8%
Cumulative Contribution49.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/8/2026
ReturnCorrelation
PDEX49.9% 
Market (SPY)12.0%29.9%
Sector (XLV)4.8%5.7%

Fundamental Drivers

The 41.7% change in PDEX stock from 8/31/2025 to 9/8/2026 was primarily driven by a 20.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120259082026Change
Stock Price ($)46.8866.4141.7%
Change Contribution By: 
Total Revenues ($ Mil)647820.9%
Net Income Margin (%)14.6%17.6%20.6%
P/E Multiple16.315.5-5.0%
Shares Outstanding (Mil)332.2%
Cumulative Contribution41.7%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/8/2026
ReturnCorrelation
PDEX41.7% 
Market (SPY)19.8%21.7%
Sector (XLV)23.2%8.6%

Fundamental Drivers

The 290.4% change in PDEX stock from 8/31/2023 to 9/8/2026 was primarily driven by a 97.7% change in the company's P/E Multiple.
(LTM values as of)83120239082026Change
Stock Price ($)17.0166.41290.4%
Change Contribution By: 
Total Revenues ($ Mil)487861.3%
Net Income Margin (%)16.0%17.6%10.1%
P/E Multiple7.815.597.7%
Shares Outstanding (Mil)4311.2%
Cumulative Contribution290.4%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/8/2026
ReturnCorrelation
PDEX290.4% 
Market (SPY)76.1%15.4%
Sector (XLV)31.3%5.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PDEX Return-25%-31%10%167%-18%91%137%
Peers Return30%-10%2%-4%1%18%37%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
PDEX Win Rate50%42%50%75%58%89% 
Peers Win Rate68%47%57%53%48%49% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
PDEX Max Drawdown-43%-49%-24%-27%-65%-21% 
Peers Max Drawdown-18%-39%-35%-39%-30%-31% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: EW, ATRC, UFPT, IART, ABT.
[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 9/8/2026 (YTD)

How Low Can It Go

EventPDEXS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-22.5%-9.5%
  % Gain to Breakeven29.0%10.5%
  Time to Breakeven84 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-46.1%-24.5%
  % Gain to Breakeven85.6%32.4%
  Time to Breakeven854 days427 days
2020 COVID-19 Crash
  % Loss-24.6%-33.7%
  % Gain to Breakeven32.6%50.9%
  Time to Breakeven61 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-13.0%-19.2%
  % Gain to Breakeven15.0%23.8%
  Time to Breakeven9 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-12.8%-3.7%
  % Gain to Breakeven14.6%3.9%
  Time to Breakeven6 days6 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-19.5%-17.9%
  % Gain to Breakeven24.2%21.8%
  Time to Breakeven22 days123 days

Compare to EW, ATRC, UFPT, IART, ABT

In The Past

Pro-Dex's stock fell -7.1% during the 2025 US Tariff Shock. Such a loss loss requires a 7.6% 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.

EventPDEXS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-22.5%-9.5%
  % Gain to Breakeven29.0%10.5%
  Time to Breakeven84 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-46.1%-24.5%
  % Gain to Breakeven85.6%32.4%
  Time to Breakeven854 days427 days
2020 COVID-19 Crash
  % Loss-24.6%-33.7%
  % Gain to Breakeven32.6%50.9%
  Time to Breakeven61 days140 days
2008-2009 Global Financial Crisis
  % Loss-81.9%-53.4%
  % Gain to Breakeven451.9%114.4%
  Time to Breakeven2654 days1085 days

Compare to EW, ATRC, UFPT, IART, ABT

In The Past

Pro-Dex's stock fell -7.1% during the 2025 US Tariff Shock. Such a loss loss requires a 7.6% 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 Pro-Dex (PDEX)

Pro-Dex, Inc. (PDEX) is a developer and manufacturer primarily focused on powered surgical instruments for the medical device industry. The company specializes in creating high-precision, autoclavable, and multi-function surgical drivers and shavers. These instruments are vital for various surgical procedures, offering advanced capabilities to healthcare professionals.

Pro-Dex's core product line includes advanced surgical drivers and shavers, available in both battery-powered and electric configurations. These instruments are designed for use by medical device original equipment manufacturers (OEMs) globally and are primarily utilized in specialized surgical fields such as orthopedics, thoracic surgery, and craniomaxillofacial procedures. Beyond instrumentation, Pro-Dex also provides valuable engineering, quality assurance, and regulatory consulting services to support its medical device clients.

In addition to its significant presence in the medical device sector, Pro-Dex diversifies its operations by manufacturing and selling rotary air motors. These motors cater to a broader range of industries, showcasing the company's engineering capabilities beyond its core surgical instrument business.

AI Analysis | Feedback

Here are a couple of analogies to describe Pro-Dex:

  • The Shimano for surgical instruments. (They develop and manufacture specialized, high-performance components and tools that other medical device companies integrate into their offerings, much like Shimano does for bicycles.)
  • The Qualcomm for specialized surgical power tools. (They are a critical, behind-the-scenes supplier of core powered instruments for medical device OEMs, similar to how Qualcomm provides essential chips for smartphone manufacturers.)

AI Analysis | Feedback

  • Powered Surgical Instruments: Designs, develops, and manufactures autoclavable, battery-powered, electric, and multi-function surgical drivers and shavers for medical device original equipment manufacturers.
  • Consulting Services: Provides engineering, quality, and regulatory consulting services.
  • Rotary Air Motors: Manufactures and sells rotary air motors to various industries.

AI Analysis | Feedback

Pro-Dex (PDEX) primarily sells its products and services to other companies (B2B).

The company designs, develops, and manufactures powered surgical instruments for medical device original equipment manufacturers (OEMs) worldwide. It also sells rotary air motors to various industries and provides engineering, quality, and regulatory consulting services. While Pro-Dex's SEC filings indicate that a significant portion of its revenue comes from a limited number of major customers (primarily OEMs), the specific names of these customer companies are not publicly disclosed by the company in its financial reports or other public statements.

AI Analysis | Feedback

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Richard L. Van Kirk, Chief Executive Officer

Richard L. Van Kirk joined Pro-Dex in January 2006, was named Vice President of Manufacturing in December 2006, and became Chief Operating Officer in April 2013, before being appointed Chief Executive Officer in January 2015. With approximately 40 years in the manufacturing world, including 19 years at Pro-Dex, his career prior to Pro-Dex included roles as Manufacturing Manager and Manager of Product Development at Comarco Wireless Technologies, ChargeSource Division, and General Manager at Dynacast, a leader in precision die casting.

Alisha Charlton, Chief Financial Officer

Alisha Charlton joined Pro-Dex in January 2014 as Senior Director of Finance and was promoted to Chief Financial Officer in January 2015. Before joining Pro-Dex, Ms. Charlton held various accounting positions at Comarco, Inc. from October 2000 to January 2014, ultimately serving as Chief Accounting Officer from April 2011. Prior to her 13-year tenure at Comarco, she held accounting and finance positions with CKE Restaurants, Inc. from February 1995 to October 2000. She began her career in July 1991 with KPMG Peat Marwick (now KPMG LLP) and is a formerly certified public accountant.

Angel Domingo, Director of Quality Systems and Regulatory Affairs

Angel Domingo joined Pro-Dex in 2005 and has served as the Director of Quality Systems and Regulatory Affairs since 2014. She also joined Pro-Dex's Board of Directors in December 2021. Ms. Domingo possesses extensive experience in the MedTech industry, encompassing Medical Device, In Vitro Diagnostics, Pharmaceuticals, and Bulk Pharm/Chemicals. Her responsibilities involve ensuring that the company's products and Quality Management Systems adhere to industry, regulatory, and customer requirements throughout the device lifecycle.

Jorge Cuervo, Director of Project Management

Jorge Cuervo joined Pro-Dex in October 2023, bringing over 25 years of experience in Operations, Project Management, Lean Facilitation, Sales, and Consulting across North America, Europe, and Asia. Most recently, he led the PMO and Operations teams at a sector of Bio-Techne. He is recognized for his contributions to Business Operations and holds a BA in Business Management from Loyola Marymount University.

Nicholas J. Swenson, Chairman of the Board

Nicholas J. Swenson has served on Pro-Dex's Board of Directors since January 2013 and currently holds the position of Chairman of the Board. Mr. Swenson is an active investor in both private and public companies.

AI Analysis | Feedback

Here are the key risks to Pro-Dex's business:

  1. Customer Concentration: Pro-Dex faces significant risk due to its high dependence on a small number of customers. In fiscal year 2025, the company's largest customer alone accounted for 75% of its total sales, and the top three customers collectively represented 94% of sales. The loss of even one key customer could have a material adverse effect on Pro-Dex's business, financial condition, and operational results. This high customer concentration is consistently highlighted as the primary structural risk for the company.
  2. Regulatory and Product Liability Risks: As a manufacturer of powered surgical instruments, Pro-Dex operates in the highly regulated medical device industry. The company is subject to complex and evolving regulatory frameworks, including those from the FDA, European Union, and International Organization for Standardization (ISO). Failure to maintain strict regulatory compliance can lead to severe consequences such as fines, penalties, loss of market access, and costly product recalls. Additionally, there is an inherent risk of product liability if a medical device malfunctions or causes harm to a patient, which could result in significant legal and financial repercussions.
  3. Supply Chain Disruptions: Pro-Dex, like other medical device contract manufacturers, is vulnerable to disruptions in its supply chain. Challenges such as material shortages, delays, or issues with supplier reliability can directly impact production schedules and the timely delivery of its surgical instruments. Effective management of the supply chain is critical to ensure consistent product quality and meet customer demands, and any failure in this area could affect the company's manufacturing operations and financial performance.

AI Analysis | Feedback

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AI Analysis | Feedback

Pro-Dex (PDEX) operates in several distinct addressable markets for its main products and services. The market sizes for these areas are as follows:

Powered Surgical Instruments

  • Global Market: The global powered surgical instruments market was valued at approximately USD 2.6 billion in 2023 and is projected to grow to USD 3.7 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 4% from 2024 to 2032. Another estimate placed the global market size at USD 2.61 billion in 2025, with a projection to reach USD 3.92 billion by 2034, at a CAGR of 4.6%. A higher estimate suggests the global powered surgical instruments market size was valued at USD 12.94 billion in 2024 and is estimated to reach USD 23.26 billion by 2033, with a CAGR of 6.77% from 2025 to 2033. The broader global surgical power tools market is expected to reach USD 3.25 billion by 2032 with a CAGR of 4.3%.
  • North America Market: The North America powered surgical instruments market was valued at USD 1.2 billion in 2023. In 2025, North America held a 35.02% share of the global market. The U.S. market specifically is projected to reach USD 0.79 billion in 2026.

Market Segments for Powered Surgical Instruments:

  • Orthopedic Surgery: This segment of the global powered surgical instruments market dominated with a revenue of USD 864.1 million in 2023. It is estimated to hold a 33.3% share in 2026. The global orthopedic power tools market size is expected to be valued at US$ 1.9 billion in 2026 and is projected to reach US$ 2.6 billion by 2033, growing at a CAGR of 4.4% between 2026 and 2033.
  • Thoracic Surgery Devices: The global thoracic surgery devices market was valued at USD 6.1 billion in 2024 and is expected to reach USD 9.3 billion by 2030, with a CAGR of 7.2%. A different source estimates the global thoracic surgery devices market size at USD 790.92 million in 2024, projected to increase to approximately USD 1,466.18 million by 2034, expanding at a CAGR of 6.37% from 2025 to 2034. North America led this market with a 40% revenue share in 2024.
  • Craniomaxillofacial (CMF) Devices: The global craniomaxillofacial devices market was estimated at USD 1.8 billion in 2023 and is projected to reach USD 3.5 billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030. Another analysis valued the global CMF devices market at USD 2.2 billion in 2024, with an estimated growth to USD 4.2 billion by 2033, at a CAGR of 7.1% from 2025-2033. North America held a significant share, with over 78.6% in 2022 and 78.0% in 2024.
  • Surgical Shavers: The surgical shavers market is expected to grow at a 4.5% CAGR globally during the forecast period for 2023-2031. North America held the largest share of this market, followed by Europe.

Rotary Air Motors

  • Global Market: The global air motor market size is forecast to increase by USD 1.14 billion at a CAGR of 4.06% between 2023 and 2028. This market includes various types of air motors, including rotary models.

Engineering, Quality, and Regulatory Consulting Services

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AI Analysis | Feedback

Pro-Dex, Inc. (PDEX) is poised for future revenue growth over the next 2-3 years, driven by several key factors:

  1. Continued Adoption of Next-Generation Surgical Handpieces: The successful transition to and increasing shipments of its next-generation orthopedic handpiece for Pro-Dex's largest customer are significant revenue drivers. This product has substantially contributed to recent sales increases and is anticipated to continue fueling growth. The company extended its contract with this key customer through December 31, 2028, which includes minimum purchase volumes for 2026 and 2027, providing strong visibility into future revenue.
  2. Expansion of Craniomaxillofacial (CMF) Product Line: Pro-Dex is actively expanding its offerings in the CMF market. The company reported increased shipments of CMF drivers and batteries to various distributors in the second fiscal quarter of 2026. Furthermore, Pro-Dex plans to launch the new "Helios driver for CMF applications," featuring adaptive torque-limiting software, later this fiscal year, indicating further growth in this specialized area.
  3. Strategic Acquisition of Advanced Precision Machining (APM): The acquisition of Advanced Precision Machining LLC (APM) in February 2026 is a key part of Pro-Dex's expansion strategy. This acquisition is expected to not only streamline Pro-Dex's manufacturing operations but also enable the company to maintain and expand APM's business with other industries, such as aerospace and defense, diversifying its revenue streams beyond medical devices.
  4. Strengthening and Deepening Customer Relationships: Pro-Dex's strategy focuses on enhancing relationships and increasing penetration with its existing customer base, particularly its top accounts. The multi-year contract extension with its largest customer, ensuring minimum purchase volumes, underscores the company's commitment to long-term partnerships and provides a stable foundation for revenue growth.
  5. Leveraging a Robust Order Backlog: The company reported a substantial order backlog of $50.4 million as of June 30, 2025, which management expects to support continued revenue and operating income growth in fiscal year 2026. A record backlog of $58.8 million was also noted in Q1 of fiscal year 2025, signaling strong demand for Pro-Dex's products.

AI Analysis | Feedback

Share Repurchases

  • Pro-Dex authorized a share repurchase program for up to 1 million shares of common stock on December 13, 2019, which has no stated expiration.
  • As of December 31, 2025, the company had repurchased 822,481 shares for $19.08 million under the December 2019 buyback plan.
  • From October 1, 2025, to December 31, 2025, Pro-Dex repurchased 55,000 shares for $2.2 million.

Share Issuance

  • Common stock issued by Pro-Dex amounted to $42,000 in fiscal year 2025, $50,000 in 2024, $89,000 in 2023, $60,000 in 2022, and $96,000 in 2021.
  • The number of outstanding shares decreased from 3.65 million in 2021 to 3.26 million in 2025, indicating net share repurchases over issuances.
  • In November 2025, an executive received a grant of 1,000 restricted shares under the company's equity incentive plan.

Outbound Investments

  • Pro-Dex completed the acquisition of Advanced Precision Machining for $8.5 million on February 12, 2026, enhancing its manufacturing capabilities.
  • During fiscal year 2025, Pro-Dex liquidated some equity investments, receiving proceeds of $1.9 million.

Capital Expenditures

  • Capital expenditures were approximately $913,000 in the last 12 months as of an unspecified date in 2025.
  • The company's property, plant, and equipment (PPE) investments were -$1,246,000 in 2025, -$983,000 in 2024, -$974,000 in 2023, -$1,638,000 in 2022, and -$8,268,000 in 2021.
  • Pro-Dex purchased an industrial building in Tustin, California, to create additional capacity for expected future growth.

Better Bets vs. Pro-Dex (PDEX)

Peer Outperformance in Health Care Equipment

PDEX has outperformed 94% of its 49 Health Care Equipment peers over 5Y. Health Care Equipment ranks 5th of 10 industries in Health Care by median 5Y return.
Share of Health Care Equipment constituents that PDEX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
95%
of 55 industry peers · 86.7% return
3Y
98%
of 54 industry peers · 293.0% return
5Y
94%
of 49 industry peers · 179.3% return
No Health Care Equipment peer with a comparable growth profile has beaten PDEX by more than 20pp over 5Y.
Median price return by industry across the Health Care sector, ranked by 5Y. Health Care Equipment is PDEX's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 7 9.8%84.9%84.9% CAH 403% · MCK 345% · COR 177%
Managed Health Care 8 32.5%-3.8%4.9% OSCR 88% · HQY 42% · ELV 16%
Health Care Services 20 18.6%52.5%-0.2% HIMS 211% · RDNT 148% · DGX 65%
Health Care Facilities 24 -1.4%2.5%-16.6% NHC 258% · THC 249% · ENSG 115%
Health Care Equipment ← 50 -5.1%-1.7%-26.0% POCI 10862% · UFPT 333% · GKOS 236%
Pharmaceuticals 62 -3.4%4.3%-36.8% LQDA 2343% · INDV 1115% · ETON 1064%
Health Care Supplies 12 25.0%-11.8%-37.2% LNTH 284% · HAE 57% · MMSI 22%
Life Sciences Tools & Services 109 1.5%-24.7%-70.8% SNWV 1598% · MEDP 206% · AXGN 171%
Health Care Technology 20 -23.6%-53.3%-78.1% SPOK 73% · HSTM -3% · VEEV -13%
Biotechnology 363 3.8%-24.6%-79.5% DNTH 1619% · CELZ 1443% · ELVN 1243%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PDEXEWATRCUFPTIARTABTMedian
NamePro-Dex Edwards .AtriCure UFP Tech.Integra .Abbott L. 
Mkt Price66.4186.7253.73281.2116.26105.5276.56
Mkt Cap0.250.02.62.21.3183.62.4
Rev LTM786,5125706321,64846,5851,140
Op Inc LTM131,8301396667,34681
FCF LTM71,4345261127,82457
FCF 3Y Avg3854145986,75136
CFO LTM71,7206572859,90578
CFO 3Y Avg41,1273169998,94784

Growth & Margins

PDEXEWATRCUFPTIARTABTMedian
NamePro-Dex Edwards .AtriCure UFP Tech.Integra .Abbott L. 
Rev Chg LTM16.4%14.6%13.9%7.3%1.6%8.1%11.0%
Rev Chg 3Y Avg19.0%13.1%15.9%18.8%2.2%5.1%14.5%
Rev Chg Q16.6%13.6%12.8%15.1%0.8%13.0%13.3%
QoQ Delta Rev Chg LTM3.9%3.3%3.2%3.7%0.2%3.2%3.3%
Op Inc Chg LTM21.5%15.2%137.8%-1.3%514.3%-2.2%18.4%
Op Inc Chg 3Y Avg31.7%7.8%33.2%20.4%122.0%6.5%26.1%
Op Mgn LTM16.8%28.1%2.3%15.2%4.0%15.8%15.5%
Op Mgn 3Y Avg15.4%28.0%-4.2%15.7%2.9%16.4%15.5%
QoQ Delta Op Mgn LTM2.3%0.5%2.8%-0.0%1.2%-1.3%0.9%
CFO/Rev LTM9.3%26.4%11.4%11.3%5.2%21.3%11.4%
CFO/Rev 3Y Avg6.1%19.0%5.6%12.7%6.2%20.5%9.5%
FCF/Rev LTM8.9%22.0%9.1%9.7%0.7%16.8%9.4%
FCF/Rev 3Y Avg4.8%14.3%2.1%10.8%0.5%15.5%7.8%

Valuation

PDEXEWATRCUFPTIARTABTMedian
NamePro-Dex Edwards .AtriCure UFP Tech.Integra .Abbott L. 
Mkt Cap0.250.02.62.21.3183.62.4
P/S2.77.74.63.40.83.93.7
P/Op Inc16.327.3202.922.619.225.023.8
P/EBIT11.333.6147.522.613.722.222.4
P/E15.549.7247.830.1-173.533.932.0
P/CFO29.329.140.330.414.718.529.2
Total Yield6.4%2.0%0.4%3.3%-0.6%5.3%2.7%
Dividend Yield0.0%0.0%0.0%0.0%0.0%2.3%0.0%
FCF Yield 3Y Avg3.2%1.7%0.8%3.0%-0.5%3.6%2.3%
D/E0.10.00.00.11.60.20.1
Net D/E0.0-0.1-0.00.11.40.10.1

Returns

PDEXEWATRCUFPTIARTABTMedian
NamePro-Dex Edwards .AtriCure UFP Tech.Integra .Abbott L. 
1M Rtn1.3%-3.3%29.8%-10.4%-5.7%-2.1%-2.7%
3M Rtn2.2%-0.9%96.8%21.7%-9.2%16.5%9.3%
6M Rtn48.5%1.1%84.1%30.9%70.3%-3.3%39.7%
12M Rtn86.7%8.1%49.2%36.6%3.7%-18.3%22.4%
3Y Rtn293.0%17.1%29.1%74.6%-58.1%11.5%23.1%
1M Excs Rtn2.4%-2.3%30.9%-9.4%-4.7%-1.0%-1.6%
3M Excs Rtn-1.4%-2.6%96.0%20.4%-7.6%13.8%6.2%
6M Excs Rtn35.0%-10.0%69.9%17.9%57.0%-18.0%26.4%
12M Excs Rtn55.5%-11.3%33.5%17.3%-16.7%-37.2%3.0%
3Y Excs Rtn220.2%-56.8%-51.2%-10.2%-132.0%-61.1%-54.0%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Medical devices products6248373134
Repairs131917137
Non-recurring engineering (NRE) & Prototype21131
Industrial and scientific21111
Discounts & Other-0-1-1-1-1
Dental and component  000
Total7867544642


Operating Income by Segment
$ Mil20162015200420022001
Pro-Dex20   
ESD-0-0   
OMS-00   
Fineline-0-0   
Corporate Unallocated-1-1   
Corporate  -1-1 
Motion Control  1  
Rotary Devices  2  
Micro Motors Inc. (Micro)   1-2
Oregon Micro Systems Inc. (OMS)   -13
Total1-12-20


Assets by Segment
$ Mil20162015200420022001
Pro-Dex78   
Corporate Unallocated33   
Fineline11   
OMS01   
ESD00   
Corporate  23 
Motion Control  2  
Rotary Devices  7  
Micro Motors Inc. (Micro)   65
Oregon Micro Systems Inc. (OMS)   12
Total111311107


Price Behavior

Price Behavior
Market Price$66.41 
Market Cap ($ Bil)0.2 
First Trading Date08/18/1995 
Distance from 52W High-9.5% 
   50 Days200 Days
DMA Price$61.70$51.65
DMA Trendupindeterminate
Distance from DMA7.6%28.6%
 3M1YR
Volatility66.2%62.1%
Downside Capture148.22110.28
Upside Capture132.09161.00
Correlation (SPY)30.4%21.6%
PDEX Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta3.332.241.711.271.130.67
Up Beta6.154.532.101.410.680.43
Down Beta-0.46-0.671.270.940.520.59
Up Capture220%188%168%174%195%108%
Bmk +ve Days10213268138427
Stock +ve Days11223270129390
Down Capture202%223%175%106%129%88%
Bmk -ve Days11213259113324
Stock -ve Days10203156121345

[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 PDEX
PDEX74.3%62.4%1.13-
Sector ETF (XLV)22.9%16.2%1.089.4%
Equity (SPY)19.4%12.8%1.1121.9%
Gold (GLD)20.8%29.2%0.651.0%
Commodities (DBC)45.0%20.4%1.72-13.6%
Real Estate (VNQ)7.8%13.6%0.308.0%
Bitcoin (BTCUSD)-28.1%43.9%-0.634.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PDEX
PDEX15.0%60.6%0.49-
Sector ETF (XLV)5.9%15.2%0.218.2%
Equity (SPY)12.6%17.2%0.5616.6%
Gold (GLD)18.8%18.8%0.81-0.7%
Commodities (DBC)10.6%19.5%0.420.6%
Real Estate (VNQ)1.5%18.9%-0.039.8%
Bitcoin (BTCUSD)11.1%52.6%0.397.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PDEX
PDEX25.5%58.9%0.64-
Sector ETF (XLV)10.5%16.7%0.5114.2%
Equity (SPY)15.2%17.9%0.7218.6%
Gold (GLD)12.2%16.3%0.610.2%
Commodities (DBC)7.9%18.1%0.366.6%
Real Estate (VNQ)4.9%20.7%0.2014.3%
Bitcoin (BTCUSD)63.6%66.2%1.035.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 731202613.8%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest2.0 days
Basic Shares Quantity3.2 Mil
Short % of Basic Shares6.1%

Earnings Returns History

Updated 9/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/3/202618.9%  
4/30/2026-3.6%14.5%33.5%
1/29/2026-0.4%-2.4%17.1%
10/30/202518.3%6.4%22.6%
9/4/2025-16.5%-23.1%-25.6%
5/1/2025-31.9%-35.5%-41.7%
1/30/2025-11.6%-20.0%-16.0%
10/31/202419.1%32.5%58.0%
...
SUMMARY STATS   
# Positive8811
# Negative151411
Median Positive11.0%11.4%17.1%
Median Negative-9.8%-12.3%-16.5%
Max Positive19.1%32.5%58.0%
Max Negative-31.9%-35.5%-41.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/3/202618.9%  
4/30/2026-3.6%14.5%33.5%
1/29/2026-0.4%-2.4%17.1%
10/30/202518.3%6.4%22.6%
9/4/2025-16.5%-23.1%-25.6%
5/1/2025-31.9%-35.5%-41.7%
1/30/2025-11.6%-20.0%-16.0%
10/31/202419.1%32.5%58.0%
9/5/20244.6%17.3%39.5%
5/2/20240.2%1.3%7.2%
2/8/2024-11.9%-13.1%-17.6%
11/2/2023-3.4%-5.9%-12.8%
5/4/20230.6%2.5%22.5%
2/2/2023-4.0%-5.1%-4.0%
11/3/2022-2.4%-6.4%-6.9%
8/25/20224.2%9.5%-16.5%
5/5/2022-10.4%-3.0%1.8%
2/3/2022-9.8%-15.9%-35.5%
11/15/2021-8.9%-11.5%2.0%
8/26/2021-14.1%-17.9%-14.9%
5/6/202117.3%13.3%14.0%
2/4/2021-19.8%-22.4%-34.0%
11/5/2020-3.8%-0.4%9.2%
SUMMARY STATS   
# Positive8811
# Negative151411
Median Positive11.0%11.4%17.1%
Median Negative-9.8%-12.3%-16.5%
Max Positive19.1%32.5%58.0%
Max Negative-31.9%-35.5%-41.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202609/03/202610-K
03/31/202604/30/202610-Q
12/31/202501/29/202610-Q
09/30/202510/30/202510-Q
06/30/202509/04/202510-K
03/31/202505/01/202510-Q
12/31/202401/30/202510-Q
09/30/202410/31/202410-Q
06/30/202409/05/202410-K
03/31/202405/02/202410-Q
12/31/202302/08/202410-Q
09/30/202311/02/202310-Q
06/30/202310/13/202310-K
03/31/202305/04/202310-Q
12/31/202202/02/202310-Q
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202609/03/202610-K
03/31/202604/30/202610-Q
12/31/202501/29/202610-Q
09/30/202510/30/202510-Q
06/30/202509/04/202510-K
03/31/202505/01/202510-Q
12/31/202401/30/202510-Q
09/30/202410/31/202410-Q
06/30/202409/05/202410-K
03/31/202405/02/202410-Q
12/31/202302/08/202410-Q
09/30/202311/02/202310-Q
06/30/202310/13/202310-K
03/31/202305/04/202310-Q
12/31/202202/02/202310-Q
09/30/202211/03/202210-Q
06/30/202209/08/202210-K
03/31/202205/05/202210-Q
12/31/202102/03/202210-Q
09/30/202111/15/202110-Q
06/30/202109/09/202110-K
03/31/202105/06/202110-Q
12/31/202002/04/202110-Q
09/30/202011/05/202010-Q
06/30/202009/10/202010-K
03/31/202005/07/202010-Q
12/31/201902/06/202010-Q
09/30/201911/07/201910-Q

Insider Activity

Updated 7/24/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Domingo, Angelita RebamontanDirectSell714202647.2499847,146887,120Form
2Van, Kirk Richard Lee JRChief Executive OfficerDirectSell526202662.364,128257,4385,594,472Form
3Van, Kirk Richard Lee JRChief Executive OfficerDirectSell526202662.815,872368,8105,893,608Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Domingo, Angelita RebamontanDirectSell714202647.2499847,146887,120Form
2Van, Kirk Richard Lee JRChief Executive OfficerDirectSell526202662.364,128257,4385,594,472Form
3Van, Kirk Richard Lee JRChief Executive OfficerDirectSell526202662.815,872368,8105,893,608Form
Core Cache Last Updated: 9/8/2026