Tearsheet

Strata Critical Medical (SRTA)


Market Price (12/4/2025): $4.425 | Market Cap: $359.7 Mil
Sector: Health Care | Industry: Health Care Facilities

Strata Critical Medical (SRTA)


Market Price (12/4/2025): $4.425
Market Cap: $359.7 Mil
Sector: Health Care
Industry: Health Care Facilities

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Megatrend and thematic drivers
Megatrends include Digital Health & Telemedicine. Themes include Remote Patient Monitoring, Health Data Analytics, and AI in Healthcare Management.
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -24 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -9.6%
1  Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.7%
0 Megatrend and thematic drivers
Megatrends include Digital Health & Telemedicine. Themes include Remote Patient Monitoring, Health Data Analytics, and AI in Healthcare Management.
1 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -24 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -9.6%
2 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.7%

Valuation, Metrics & Events

SRTA Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Strata Critical Medical (SRTA) experienced a 1.6% stock movement during the approximate period from August 31, 2025, to December 4, 2025, influenced by several key developments.

1. Company Rebranding and Strategic Shift: The company completed its transition from Blade Air Mobility to Strata Critical Medical, Inc. on August 30, 2025, and began trading under the new ticker symbol SRTA. This rebranding was accompanied by the sale of its Passenger business, allowing the company to focus entirely on its Medical segment, which contributed to a $60.4 million gain and a shift to a single medical segment.

2. Expansion Through Acquisition: On September 16, 2025, Strata acquired Keystone Perfusion, which played a role in creating an integrated organ recovery platform and diversifying the company's medical services. This acquisition also contributed to the company's revenue growth in the third quarter.

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
SRTA Return------ 
Peers Return13%36%-0%14%10%23%135%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
SRTA Win Rate-----50% 
Peers Win Rate42%53%42%43%42%62% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
SRTA Max Drawdown------ 
Peers Max Drawdown-48%-5%-28%-8%-11%-18% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: ACHC, SRTA, HCA, THC, UHS.
[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] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

SRTA has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

Unique KeyEventXLVS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-16.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven19.1%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven599 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-28.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven40.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven116 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-15.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven18.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven326 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-40.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven68.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1100 days1480 days

Compare to


In The Past

SPDR Select Sector Fund's stock fell -16.1% during the 2022 Inflation Shock from a high on 4/8/2022. A -16.1% loss requires a 19.1% gain to breakeven.

Preserve Wealth

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Asset Allocation

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About Strata Critical Medical (SRTA)

Better Bets than Strata Critical Medical (SRTA)

Trade Ideas

Select past ideas related to SRTA. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CRL_11142025_Dip_Buyer_FCFYield11142025CRLCharles River Laboratories InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
10.0%10.0%-3.7%
GDRX_11142025_Dip_Buyer_High_CFO_Margins_ExInd_DE11142025GDRXGoodRxDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-7.7%-7.7%-11.8%
ASTH_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025ASTHAstrana HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
6.9%6.9%-5.5%
SGRY_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025SGRYSurgery PartnersDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
11.5%11.5%-1.4%
TFX_11072025_Dip_Buyer_FCFYield11072025TFXTeleflexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
8.9%8.9%-5.1%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CRL_11142025_Dip_Buyer_FCFYield11142025CRLCharles River Laboratories InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
10.0%10.0%-3.7%
GDRX_11142025_Dip_Buyer_High_CFO_Margins_ExInd_DE11142025GDRXGoodRxDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-7.7%-7.7%-11.8%
ASTH_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025ASTHAstrana HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
6.9%6.9%-5.5%
SGRY_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025SGRYSurgery PartnersDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
11.5%11.5%-1.4%
TFX_11072025_Dip_Buyer_FCFYield11072025TFXTeleflexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
8.9%8.9%-5.1%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Strata Critical Medical

Peers to compare with:

Financials

SRTAACHCHCATHCUHSMedian
NameStrata C.Acadia H.HCA Heal.Tenet He.Universa. 
Mkt Price4.4414.69486.77211.34230.15211.34
Mkt Cap-1.3116.418.614.516.5
Rev LTM2543,26672,69820,84616,99316,993
Op Inc LTM-2444411,0783,3471,9491,949
FCF LTM-20-3477,2921,502950950
FCF 3Y Avg-32-2525,7041,678773773
CFO LTM133511,9352,4781,9481,948
CFO 3Y Avg-1830810,4512,5501,6411,641

Growth & Margins

SRTAACHCHCATHCUHSMedian
NameStrata C.Acadia H.HCA Heal.Tenet He.Universa. 
Rev Chg LTM6.7%4.6%6.4%-0.6%10.2%6.4%
Rev Chg 3Y Avg36.5%9.0%6.6%3.1%8.7%8.7%
Rev Chg Q4.2%4.4%6.4%3.2%13.4%4.4%
QoQ Delta Rev Chg LTM1.1%1.1%1.6%0.8%3.2%1.1%
Op Mgn LTM-9.6%13.6%15.2%16.1%11.5%13.6%
Op Mgn 3Y Avg-22.0%16.2%15.0%13.8%9.8%13.8%
QoQ Delta Op Mgn LTM3.0%-1.0%0.1%0.4%0.5%0.4%
CFO/Rev LTM0.5%10.3%16.4%11.9%11.5%11.5%
CFO/Rev 3Y Avg-8.9%10.2%15.4%12.3%10.5%10.5%
FCF/Rev LTM-7.7%-10.6%10.0%7.2%5.6%5.6%
FCF/Rev 3Y Avg-14.6%-7.8%8.4%8.1%4.9%4.9%

Valuation

SRTAACHCHCATHCUHSMedian
NameStrata C.Acadia H.HCA Heal.Tenet He.Universa. 
Mkt Cap-1.3116.418.614.516.5
P/S-0.71.40.90.80.8
P/EBIT-8.29.35.06.57.4
P/E-20.917.113.29.415.1
P/CFO-6.78.57.26.66.9
Total Yield-4.8%6.5%7.6%11.1%7.1%
Dividend Yield-0.0%0.7%0.0%0.4%0.2%
FCF Yield 3Y Avg--7.6%6.4%13.5%6.1%6.2%
D/E-1.10.50.70.40.6
Net D/E-1.00.40.60.40.5

Returns

SRTAACHCHCATHCUHSMedian
NameStrata C.Acadia H.HCA Heal.Tenet He.Universa. 
1M Rtn-12.9%-31.1%5.5%4.9%4.4%4.4%
3M Rtn7.0%-37.0%19.6%13.1%26.9%13.1%
6M Rtn--35.0%28.0%24.4%22.2%23.3%
12M Rtn--65.2%50.0%49.6%16.5%33.1%
3Y Rtn--83.2%108.8%366.7%80.5%94.6%
1M Excs Rtn-12.9%-31.0%5.5%5.0%4.4%4.4%
3M Excs Rtn0.9%-43.2%13.1%4.4%18.7%4.4%
6M Excs Rtn--49.7%13.3%9.7%7.5%8.6%
12M Excs Rtn--77.4%36.4%34.6%-0.7%16.9%
3Y Excs Rtn--155.4%40.2%302.5%8.2%24.2%

Financials

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity3,999,733
Short Interest: % Change Since 1031202553.8%
Average Daily Volume998,234
Days-to-Cover Short Interest4.01
Basic Shares Quantity81,297,402
Short % of Basic Shares4.9%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025805202510-Q 6/30/2025
3312025512202510-Q 3/31/2025
12312024313202510-K 12/31/2024
93020241112202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023312202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023809202310-Q 6/30/2023
3312023511202310-Q 3/31/2023
12312022316202310-K 12/31/2022
93020221110202210-Q 9/30/2022
6302022809202210-Q 6/30/2022
3312022510202210-Q 3/31/2022
12312021210202210-QT 12/31/2021
93020211220202110-K 9/30/2021