Teleflex (TFX)


Market Price (11/7/2026): $150.8 | Market Cap: $6.0 BilSector: Health Care | Industry: Health Care Equipment

Teleflex (TFX)


Market Price (11/7/2026): $150.8
Market Cap: $6.0 Bil
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 5.8%, FCF Yield is 5.8%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 159%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%

Stock buyback support
Stock Buyback 3Y Total is 1.1 Bil

Low stock price volatility
Vol 12M is 40%

Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Medical Device Innovation. Themes include Geriatric Care, Minimally Invasive Surgical Solutions, Show more.

Trading close to highs
Dist 52W High is -0.8%

Weak multi-year price returns
2Y Excs Rtn is -61%, 3Y Excs Rtn is -99%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x

Key risks
TFX key risks include [1] heightened operational and execution challenges from the simultaneous acquisition of BIOTRONIK's vascular business and the planned spin-off of three other divisions, 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 5.8%, FCF Yield is 5.8%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 159%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%
3 Stock buyback support
Stock Buyback 3Y Total is 1.1 Bil
4 Low stock price volatility
Vol 12M is 40%
5 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Medical Device Innovation. Themes include Geriatric Care, Minimally Invasive Surgical Solutions, Show more.
6 Trading close to highs
Dist 52W High is -0.8%
7 Weak multi-year price returns
2Y Excs Rtn is -61%, 3Y Excs Rtn is -99%
8 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10%
9 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x
10 Key risks
TFX key risks include [1] heightened operational and execution challenges from the simultaneous acquisition of BIOTRONIK's vascular business and the planned spin-off of three other divisions, Show more.

TFX in ETFs

Weight = TFX's share of each fund

VTI0.01%
ITOT0.01%
IWB0.01%
IJR0.34%
VB0.07%
SLYV0.64%
IJS0.64%
VIOV0.59%
+14 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/5/2026

Teleflex (TFX) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Strong Third Quarter 2026 Adjusted EPS Beat and Raised Full-Year Guidance.

Teleflex reported adjusted diluted earnings per share (EPS) from continuing operations of $2.63 for fiscal Q3 2026, which ended September 30, 2026, significantly exceeding the analyst consensus of $1.90-$1.92 by approximately 37%. The company also increased its full-year 2026 adjusted diluted EPS guidance to a range of $7.50-$7.75, up from the prior outlook of $6.90-$7.20. The new midpoint of $7.63 surpassed the analyst consensus of $7.08. While GAAP revenue growth was modest at 0.2% year-over-year, pro forma adjusted constant currency revenue increased by 3.0% to $567.8 million, slightly above estimates.

2. Significant Debt Reduction Following OEM Business Divestiture.

Teleflex completed the sale of its OEM business on August 3, 2026, generating $1.5 billion in net cash proceeds ($1.3 billion after tax) and recognizing a $1.0 billion pre-tax gain. These proceeds were primarily used to reduce debt, resulting in a substantial decline in net leverage to approximately 1.4x at the end of fiscal Q3 2026, down from 2.8x in fiscal Q2 2026. Long-term borrowings decreased from $2.54 billion at December 31, 2025, to $1.53 billion at September 30, 2026.

Show more
Updated on 11/5/2026

Teleflex (TFX) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Strong Third Quarter 2026 Adjusted EPS Beat and Raised Full-Year Guidance.

Teleflex reported adjusted diluted earnings per share (EPS) from continuing operations of $2.63 for fiscal Q3 2026, which ended September 30, 2026, significantly exceeding the analyst consensus of $1.90-$1.92 by approximately 37%. The company also increased its full-year 2026 adjusted diluted EPS guidance to a range of $7.50-$7.75, up from the prior outlook of $6.90-$7.20. The new midpoint of $7.63 surpassed the analyst consensus of $7.08. While GAAP revenue growth was modest at 0.2% year-over-year, pro forma adjusted constant currency revenue increased by 3.0% to $567.8 million, slightly above estimates.

2. Significant Debt Reduction Following OEM Business Divestiture.

Teleflex completed the sale of its OEM business on August 3, 2026, generating $1.5 billion in net cash proceeds ($1.3 billion after tax) and recognizing a $1.0 billion pre-tax gain. These proceeds were primarily used to reduce debt, resulting in a substantial decline in net leverage to approximately 1.4x at the end of fiscal Q3 2026, down from 2.8x in fiscal Q2 2026. Long-term borrowings decreased from $2.54 billion at December 31, 2025, to $1.53 billion at September 30, 2026.

3. Robust Share Repurchase Program.

Since July 1, 2026, through November 5, 2026, Teleflex repurchased approximately $350 million of its common stock. This included 2.7 million shares bought at an average price of $128.96 per share through an Accelerated Share Repurchase program and open-market transactions. As of November 5, 2026, the company had $400 million remaining under its current share repurchase authorization.

4. Improved Segment Performance and Operational Efficiency.

Key business segments demonstrated solid performance, with Vascular revenue growing 4.7% and Surgical revenue growing 5.1% year-over-year on a pro forma adjusted constant currency basis in fiscal Q3 2026. The Interventional segment returned to modest positive growth of 0.2% on a pro forma adjusted constant currency basis, indicating an easing of prior integration challenges. Additionally, adjusted operating margin expanded by 300 basis points to 25.0% in fiscal Q3 2026, partly aided by $16.5 million in IEEPA tariff refunds recognized during the quarter, which contributed $0.31 to adjusted EPS.

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Stock Movement Drivers

Fundamental Drivers

The 10.6% change in TFX stock from 7/31/2026 to 11/6/2026 was primarily driven by a 6.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)731202611062026Change
Stock Price ($)136.37150.8710.6%
Change Contribution By: 
Total Revenues ($ Mil)2,1272,2556.0%
P/S Multiple2.82.8-2.2%
Shares Outstanding (Mil)44416.7%
Cumulative Contribution10.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/6/2026
ReturnCorrelation
TFX10.6% 
Market (SPY)-1.6%9.4%
Sector (XLV)13.7%37.2%

Fundamental Drivers

The 22.4% change in TFX stock from 4/30/2026 to 11/6/2026 was primarily driven by a 13.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)430202611062026Change
Stock Price ($)123.28150.8722.4%
Change Contribution By: 
Total Revenues ($ Mil)1,9932,25513.2%
P/S Multiple2.72.81.4%
Shares Outstanding (Mil)44416.6%
Cumulative Contribution22.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/6/2026
ReturnCorrelation
TFX22.4% 
Market (SPY)2.6%8.7%
Sector (XLV)27.1%36.9%

Fundamental Drivers

The 22.6% change in TFX stock from 10/31/2025 to 11/6/2026 was primarily driven by a 111.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202511062026Change
Stock Price ($)123.10150.8722.6%
Change Contribution By: 
Total Revenues ($ Mil)1,0692,255111.0%
Net Income Margin (%)18.0%13.5%-24.8%
P/E Multiple28.420.5-27.6%
Shares Outstanding (Mil)44416.7%
Cumulative Contribution22.6%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/6/2026
ReturnCorrelation
TFX22.6% 
Market (SPY)8.7%18.9%
Sector (XLV)29.8%26.6%

Fundamental Drivers

The -16.1% change in TFX stock from 10/31/2023 to 11/6/2026 was primarily driven by a -22.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202311062026Change
Stock Price ($)179.81150.87-16.1%
Change Contribution By: 
Total Revenues ($ Mil)2,8992,255-22.2%
Net Income Margin (%)12.7%13.5%6.2%
P/E Multiple22.920.5-10.4%
Shares Outstanding (Mil)474113.3%
Cumulative Contribution-16.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/6/2026
ReturnCorrelation
TFX-16.1% 
Market (SPY)81.9%29.9%
Sector (XLV)55.4%38.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TFX Return-20%-24%0%-28%-31%25%-62%
Peers Return12%-12%12%14%6%2%36%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
TFX Win Rate33%50%50%50%50%64% 
Peers Win Rate55%48%55%62%57%53% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
TFX Max Drawdown-35%-47%-34%-32%-43%-21% 
Peers Max Drawdown-16%-31%-21%-16%-18%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MDT, BDX, BSX, EW, SYK. See TFX Returns vs. Peers.
[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 11/6/2026 (YTD)

How Low Can It Go

EventTFXS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-29.8%-9.5%
  % Gain to Breakeven42.5%10.5%
  Time to Breakeven48 days24 days
2020 COVID-19 Crash
  % Loss-42.9%-33.7%
  % Gain to Breakeven75.2%50.9%
  Time to Breakeven128 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-11.8%-19.2%
  % Gain to Breakeven13.4%23.8%
  Time to Breakeven17 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-17.0%-3.7%
  % Gain to Breakeven20.5%3.9%
  Time to Breakeven75 days6 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.6%-17.9%
  % Gain to Breakeven27.5%21.8%
  Time to Breakeven179 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-18.9%-15.4%
  % Gain to Breakeven23.3%18.2%
  Time to Breakeven293 days125 days

Compare to MDT, BDX, BSX, EW, SYK

In The Past

Teleflex's stock fell -0.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.3% 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.

EventTFXS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-29.8%-9.5%
  % Gain to Breakeven42.5%10.5%
  Time to Breakeven48 days24 days
2020 COVID-19 Crash
  % Loss-42.9%-33.7%
  % Gain to Breakeven75.2%50.9%
  Time to Breakeven128 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.6%-17.9%
  % Gain to Breakeven27.5%21.8%
  Time to Breakeven179 days123 days
2008-2009 Global Financial Crisis
  % Loss-34.5%-53.4%
  % Gain to Breakeven52.6%114.4%
  Time to Breakeven294 days1085 days
Summer 2007 Credit Crunch
  % Loss-25.9%-8.6%
  % Gain to Breakeven35.0%9.5%
  Time to Breakeven1993 days47 days

Compare to MDT, BDX, BSX, EW, SYK

In The Past

Teleflex's stock fell -0.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.3% 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 Teleflex (TFX)

Teleflex Incorporated is a global medical technology company that designs, develops, manufactures, and supplies a wide array of single-use medical devices. These devices are primarily used in common diagnostic and therapeutic procedures within critical care and surgical settings worldwide. The company's diverse portfolio addresses several key medical specialties, including vascular access, interventional cardiology and radiology, anesthesia, surgery, urology, and respiratory care.

A cornerstone of Teleflex's offerings includes vascular access products like Arrow branded catheters, which facilitate intravenous therapies and blood sampling. In the interventional space, it provides catheters and devices for coronary, structural heart, and peripheral interventions, notably the Manta Vascular Closure system. Its surgical division offers advanced ligation clips and fascial closure systems. A significant product is the UroLift System, an innovative, minimally invasive technology designed to treat lower urinary tract symptoms associated with benign prostatic hyperplasia (BPH) within its interventional urology segment. The company also supplies anesthesia products for airway and pain management, and respiratory products for oxygen, aerosol, and ventilation therapies.

Teleflex serves a broad customer base globally, primarily hospitals and other healthcare providers. Additionally, it supplies medical device manufacturers and caters to home care markets. Headquartered in Wayne, Pennsylvania, Teleflex plays a crucial role in providing essential medical solutions across numerous healthcare environments.

AI Analysis | Feedback

Teleflex is like the Medtronic or Johnson & Johnson (medical device segment) of single-use medical devices, supplying a vast array of essential tools for critical care and surgery.

Alternatively, think of them as similar to Stryker or Boston Scientific, but with a broader portfolio of everyday, single-use medical tools and supplies for hospital procedures, from vascular access to urology.

AI Analysis | Feedback

  • Vascular Access Products: Catheters and related systems for administering intravenous therapies, measuring blood pressure, and withdrawing blood samples.
  • Interventional Products: Specialized catheters and devices used by interventional cardiologists, radiologists, and vascular surgeons for various procedures, including structural heart and peripheral interventions.
  • Anesthesia Products: Airway and pain management products supporting critical care, emergency medicine, and surgical applications.
  • Surgical Products: Metal and polymer ligation clips, fascial closure surgical systems, and other instruments for laparoscopic and other surgical procedures.
  • Interventional Urology Products: The UroLift System, an invasive technology for treating lower urinary tract symptoms due to benign prostatic hyperplasia.
  • Respiratory Products: Devices for oxygen and aerosol therapies, spirometry, and ventilation management.
  • Urology Products: Catheters, urine collectors, and accessories for bladder management and operative endourology.

AI Analysis | Feedback

Teleflex (TFX) sells primarily to other organizations and companies. Its major customers fall into the following categories:

  • Hospitals and healthcare providers
  • Medical device manufacturers
  • Home care markets

AI Analysis | Feedback

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Stuart Randle, Interim President and Chief Executive Officer

Stuart Randle was appointed Interim President and Chief Executive Officer of Teleflex on January 8, 2026. He has been a member of the Teleflex Board of Directors since 2009. Mr. Randle brings over 35 years of experience in the medical device industry. Prior to his current role, he served as Chief Executive Officer of Ivenix, Inc. for three years and as President and Chief Executive Officer of GI Dynamics, Inc. for ten years. His previous leadership experience also includes serving as Interim Chief Executive Officer of Optobionics Corporation from 2003 to 2004 and President and Chief Executive Officer of Act Medical from 1998 to 2001. He also held various senior management positions with Allegiance Healthcare Corporation and Baxter International Inc.

John R. Deren, Executive Vice President and Chief Financial Officer

John R. Deren is the Executive Vice President and Chief Financial Officer of Teleflex, a role he assumed on April 2, 2025. He joined Teleflex in 2013 and possesses over 30 years of experience in financial management and reporting. Mr. Deren's prior experience includes leadership positions at Rohm and Haas, Exelon Generation, and Trinseo. He started his career as a Certified Public Accountant (CPA) at PricewaterhouseCoopers.

Jay White, Corporate Vice President and President, Global Commercial

Jay White serves as Corporate Vice President and President, Global Commercial at Teleflex. He joined Teleflex in March 2005 as Director of Marketing, North America. He was promoted to President and General Manager of the Surgical business in January 2013, and subsequently became President and General Manager of the Vascular business in December 2013. In February 2017, he was named President, The Americas. Before joining Teleflex, Mr. White held senior leadership positions in sales and marketing at Covidien (now part of Medtronic plc) for five years. He holds a Bachelor of Science degree from the University of Missouri.

Daniel V. Logue, Corporate Vice President, General Counsel and Secretary

Daniel V. Logue is the Corporate Vice President, General Counsel and Secretary of Teleflex. He joined Teleflex in September 2015 as Vice President and Chief Compliance Officer. In February 2016, he assumed the role of Vice President, General Counsel, and Chief Compliance Officer, and was appointed Corporate Vice President in February 2017. Prior to joining Teleflex, Mr. Logue served as Vice President and Associate General Counsel for Allergan plc. He also held various legal leadership roles at Actavis plc and Pfizer Inc. He began his legal career in private practice at Drinker Biddle & Reath LLP. Mr. Logue holds a Juris Doctor from Temple University School of Law and a Bachelor of Arts from Villanova University.

Cameron Hicks, Corporate Vice President and Chief Human Resources Officer

Cameron Hicks is the Corporate Vice President and Chief Human Resources Officer at Teleflex. He joined Teleflex in April 2013, bringing over 23 years of experience in Human Resources and Organizational Development to his role. Prior to joining Teleflex, Mr. Hicks held various human resources leadership positions at other companies. He earned a Bachelor of Arts degree from the University of California, Santa Barbara.

AI Analysis | Feedback

The key risks to Teleflex's business include:
  1. Regulatory Hurdles and Product Recalls: Teleflex operates in a highly regulated industry, facing stringent requirements from bodies such as the U.S. Food and Drug Administration (FDA) and the European Union Medical Device Regulation (EU MDR). The process of obtaining and maintaining regulatory approvals can be lengthy, uncertain, and costly, including the re-registration of previously approved devices under new regulations. A significant risk also stems from product recalls due to manufacturing errors, which can lead to serious injuries or even death. For example, Teleflex has initiated Class I recalls for intra-aortic balloon catheter kits and peripheral catheter systems due to issues like overtwisted balloons or catheter separation, with reported injuries and deaths. Such recalls can result in significant legal and financial consequences, as well as damage to the company's reputation.
  2. Intense Competition and Pricing Pressure: Teleflex faces significant competition from both large, diversified medical device companies (such as Medtronic, Boston Scientific, and Edwards Lifesciences) and specialized niche players across its various product segments. This competitive landscape can lead to pricing pressure, particularly in commoditized product lines, and challenges in maintaining or expanding market share. Competitors often leverage broad portfolios and distribution networks, putting pressure on Teleflex's market position in areas like vascular access and anesthesia.
  3. Product-Specific Challenges and Demand Softness: Certain key product lines have experienced specific challenges. The UroLift System, an important interventional urology product, has faced headwinds due to changes in reimbursement policies. Additionally, Teleflex has seen softer demand for intra-aortic balloon pumps and catheters, as well as delays in OEM orders, which has led to trimmed revenue guidance. Overall, the company has observed declining long-term sales and constant currency revenue growth that has lagged the broader sector, suggesting underlying demand headwinds that could impact future profitability.

AI Analysis | Feedback

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AI Analysis | Feedback

Teleflex, trading under the symbol TFX, operates in several significant medical device markets globally. The addressable markets for its main products and services are sized as follows:

Addressable Markets for Teleflex Products and Services

  • Interventional Cardiology Devices: The global interventional cardiology devices market was estimated at approximately USD 20.9 billion in 2025 and is projected to reach USD 46.8 billion by 2035. North America is a dominant region in this market, holding an estimated 44.91% share in 2025.
  • Structural Heart Devices: The global structural heart devices market was valued at USD 12.3 billion in 2024 and is expected to reach USD 28.8 billion by 2034. Another report indicated a market size of USD 14.65 billion in 2025, projected to grow to USD 27.16 billion by 2034. North America held the largest revenue share in 2024, accounting for 52.5% of the global market. The U.S. structural heart devices market was valued at USD 3.8 billion in 2024.
  • Anesthesia and Respiratory Devices: The global anesthesia and respiratory devices market was estimated at USD 56.12 billion in 2025 and is expected to reach USD 84.50 billion by 2032. North America is expected to hold a 42.3% share of this global market in 2025. Specifically, the U.S. anesthesia and respiratory devices market was valued at USD 9.24 billion in 2024 and is projected to reach approximately USD 17.44 billion by 2034.
  • Surgical Instruments/Equipment: The global surgical equipment market was estimated at USD 20.75 billion in 2024 and is poised to grow to USD 48.14 billion by 2033. North America dominated the global market in 2024, holding a 38.2% share. The U.S. surgical instruments market is estimated to reach US$12.1 billion by 2031. The global minimally invasive surgical instruments market was valued at US$29.9 billion in 2023 and is projected to reach US$49.9 billion by 2029. The U.S. minimally invasive surgical instrument market was valued at USD 11.6 billion in 2025.
  • Benign Prostatic Hyperplasia (BPH) Treatment Devices (including UroLift System): The global benign prostatic hyperplasia (BPH) treatment device market size was estimated at USD 1.67 billion in 2024 and is projected to reach USD 3.71 billion by 2033. Another report indicated the global market was valued at USD 4.9 billion in 2024, expected to reach USD 7.3 billion by 2030. North America dominated the BPH treatment device market with the largest revenue share of 33.87% in 2024.
  • Respiratory Care Devices: The global respiratory care devices market size was valued at USD 25.33 billion in 2024 and is projected to grow to USD 39.24 billion by 2032. North America dominated this market with a 40.43% share in 2024, with the U.S. holding about 45% of the global market share.
  • Urology Devices: The global urology devices market size was estimated at USD 36.8 billion in 2024 and is expected to grow to USD 73.5 billion in 2034. North America dominated the global urology devices market with the highest market share of 42.5% in 2024. The U.S. urology devices market was valued at USD 14.4 billion in 2024.

AI Analysis | Feedback

Teleflex (TFX) is expected to drive future revenue growth over the next two to three years through several key strategies focused on its core "RemainCo" operations, which include Vascular Access, Interventional, and Surgical businesses. Here are the expected drivers of future revenue growth:
  • Expansion of the Interventional Segment with strategic acquisitions and key products: The Interventional segment is projected to be a primary engine of growth, with expectations for a high-single-digit expansion rate. A significant contributor to this growth is the acquired BIOTRONIK Vascular Intervention business, which is anticipated to achieve constant currency revenue growth of 6% or more starting in 2026. This acquisition enhances Teleflex's offerings in the interventional cardiology and peripheral intervention markets, including a broad suite of devices such as drug-coated balloons and stents. Additionally, the MANTA Vascular Closure Device is expected to contribute to revenue growth, particularly in large-bore closure procedures like TAVR, leveraging its proven efficacy and growing adoption in international markets.
  • Increased Investment in Research and Development (R&D) and Product Innovation: Teleflex plans to increase its R&D spending for its continuing operations to approximately 8% of sales, a notable increase from its historical 5% company-wide allocation. This elevated investment is strategically directed towards fostering procedural simplicity, integrating AI augmentation, and launching new products within its core Vascular Access, Interventional, and Surgical segments. This focus on innovation aims to address unmet clinical needs and differentiate its product portfolio, thereby stimulating demand and revenue growth.
  • Targeted Geographic Expansion and Market Penetration: The company is focused on expanding its global footprint and increasing market penetration, particularly in emerging markets and key regions such as EMEA (Europe, Middle East, and Africa) and Asia. This strategy involves localized product portfolios and leveraging targeted sales channels and distributor partnerships to capitalize on growth opportunities in these regions for its Vascular Access, Interventional, and Surgical product lines. For instance, analysts anticipate significant year-over-year growth in geographic revenues for both EMEA and Asia.
  • Realization of Operational Efficiencies and Margin Expansion through Restructuring: Teleflex has initiated a multi-year restructuring plan designed to achieve approximately $50 million in annual pre-tax savings by mid-2028. These cost structure initiatives, coupled with a favorable sales mix towards higher-margin products, are projected to enhance the adjusted operating margin. While primarily impacting profitability, improved efficiencies and margin expansion can indirectly support revenue growth by allowing for more competitive pricing strategies or by freeing up capital for further investments in product development and market expansion.

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Share Repurchases

  • Teleflex authorized a $500 million share repurchase program in July 2024, initiating a $200 million accelerated share repurchase in August 2024.
  • The company intended to commence an additional $300 million accelerated share repurchase in February 2025 under the existing $500 million authorization.
  • In December 2025, Teleflex authorized a new $1 billion share repurchase program, primarily to be funded by proceeds from upcoming business divestitures.

Outbound Investments

  • Teleflex acquired Palette Life Sciences AB in October 2023, an acquisition that contributed to better-than-expected performance, with 2024 revenue guidance for Palette raised to $70-$72 million.
  • In July 2025, Teleflex completed the acquisition of substantially all of BIOTRONIK's Vascular Intervention business for €760 million (approximately $826 million). This acquisition expanded Teleflex's interventional portfolio with devices such as drug-coated balloons, stents, and balloon catheters, and was expected to generate approximately €177 million in revenue in the second half of 2025.

Capital Expenditures

  • For the 2023 Footprint realignment plan, Teleflex expected to incur $2 million to $3 million in aggregate capital expenditures, mostly in 2024, focusing on relocating manufacturing operations to lower-cost locations.
  • By June 2024, the company incurred $1.1 million in pre-tax restructuring related charges under the 2024 Footprint realignment plan, with the majority of associated capital expenditures anticipated by the end of 2025.
  • Capital expenditures for the third quarter of 2025 were reported as $29.9 million.

Better Bets vs. Teleflex (TFX)

Peer Outperformance in Health Care Equipment

TFX has trailed 67% of its 49 Health Care Equipment peers over 5Y. Among the peers that beat it are UFPT and ISRG. Health Care Equipment ranks 5th of 10 industries in Health Care by median 5Y return.
Share of Health Care Equipment constituents that TFX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
78%
of 54 industry peers · 40.6% return
3Y
26%
of 53 industry peers · -24.3% return
5Y
33%
of 49 industry peers · -55.7% return
Health Care Equipment peers with revenue growth within 4pp of TFX's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
TFX Teleflex 22.6% 20.5x 40.6%-24.3%-55.7% —
UFPT UFP Technologies 18.8% 32.5x 36.2%114.5%360.6% +416pp
ISRG Intuitive Surgical 19.2% 53.4x -17.3%62.5%24.1% +80pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Health Care sector, ranked by 5Y. Health Care Equipment is TFX'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 6 8.1%55.6%91.6% CAH 507% · MCK 390% · COR 176%
Health Care Services 20 33.3%22.4%7.1% HIMS 212% · RDNT 120% · DGX 100%
Health Care Facilities 25 13.7%21.0%1.0% THC 276% · NHC 212% · EHC 179%
Managed Health Care 8 58.5%-2.5%-2.4% OSCR 80% · HQY 52% · ELV 8%
Health Care Equipment ← 50 11.3%12.9%-18.2% UFPT 361% · GKOS 294% · TMDX 180%
Pharmaceuticals 61 -9.5%10.3%-37.3% LQDA 975% · XERS 679% · KNSA 537%
Health Care Supplies 11 29.2%17.3%-41.2% LNTH 248% · HAE 61% · MMSI 26%
Life Sciences Tools & Services 108 -8.2%-13.1%-74.5% AXGN 264% · MEDP 189% · NTRA 168%
Biotechnology 364 -24.2%-34.6%-81.5% ELVN 1194% · TRVI 1125% · DNTH 995%
Health Care Technology 21 -23.7%-52.4%-82.9% VEEV -5% · DOCS -52%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TFXMDTBDXBSXEWSYKMedian
NameTeleflex MedtronicBecton D.Boston S.Edwards .Stryker  
Mkt Price150.80101.80211.8842.83102.11325.87126.46
Mkt Cap6.3130.358.262.058.8124.560.4
Rev LTM2,25537,54123,25021,0696,67526,30022,160
Op Inc LTM2527,1473,3444,3381,9225,7343,841
FCF LTM3656,1322,5091,5161,4244,5732,012
FCF 3Y Avg3685,5272,7682,3259053,9502,547
CFO LTM4438,0353,2624,2341,7175,4463,748
CFO 3Y Avg4697,3603,4873,9321,1804,7063,709

Growth & Margins

TFXMDTBDXBSXEWSYKMedian
NameTeleflex MedtronicBecton D.Boston S.Edwards .Stryker  
Rev Chg LTM158.8%9.8%17.4%8.9%13.4%7.9%11.6%
Rev Chg 3Y Avg22.6%6.0%7.1%15.4%14.7%9.8%12.3%
Rev Chg Q0.1%13.7%5.4%1.4%10.5%7.6%6.5%
QoQ Delta Rev Chg LTM0.0%3.2%1.1%0.3%2.5%1.8%1.5%
Op Inc Chg LTM267.8%7.5%26.1%16.6%18.7%19.8%19.3%
Op Inc Chg 3Y Avg47.0%6.3%10.7%23.2%11.7%15.8%13.8%
Op Mgn LTM11.2%19.0%14.4%20.6%28.8%21.8%19.8%
Op Mgn 3Y Avg11.6%18.5%13.5%19.2%28.1%20.5%18.9%
QoQ Delta Op Mgn LTM2.9%0.3%-0.5%-0.4%0.7%0.1%0.2%
CFO/Rev LTM19.7%21.4%14.0%20.1%25.7%20.7%20.4%
CFO/Rev 3Y Avg32.3%21.2%16.8%20.8%19.4%19.3%20.1%
FCF/Rev LTM16.2%16.3%10.8%7.2%21.3%17.4%16.3%
FCF/Rev 3Y Avg24.9%15.9%13.3%12.5%14.7%16.2%15.3%

Valuation

TFXMDTBDXBSXEWSYKMedian
NameTeleflex MedtronicBecton D.Boston S.Edwards .Stryker  
Mkt Cap6.3130.358.262.058.8124.560.4
P/S2.83.52.52.98.84.73.2
P/Op Inc24.918.217.414.330.621.720.0
P/EBIT29.117.822.815.437.321.822.3
P/E20.524.961.917.757.634.429.6
P/CFO14.116.217.814.734.322.917.0
Total Yield5.8%6.8%3.6%5.7%1.7%4.0%4.8%
Dividend Yield0.9%2.8%2.0%0.0%0.0%1.1%1.0%
FCF Yield 3Y Avg5.4%5.3%4.8%2.1%2.0%3.2%4.0%
D/E0.30.20.30.20.00.10.2
Net D/E0.20.10.30.2-0.10.10.2

Returns

TFXMDTBDXBSXEWSYKMedian
NameTeleflex MedtronicBecton D.Boston S.Edwards .Stryker  
1M Rtn21.1%19.1%17.6%3.0%19.0%18.3%18.7%
3M Rtn12.0%17.8%20.5%-13.1%13.8%-3.6%12.9%
6M Rtn13.9%36.0%43.6%-20.6%27.7%14.8%21.3%
12M Rtn40.5%16.8%55.8%-56.8%23.9%-6.9%20.3%
3Y Rtn-24.3%55.0%11.9%-17.9%53.5%22.1%17.0%
1M Excs Rtn22.4%17.0%16.9%2.9%22.2%18.6%17.8%
3M Excs Rtn14.5%15.6%19.5%-14.3%11.8%-4.6%13.1%
6M Excs Rtn10.0%32.1%39.7%-24.5%23.8%10.9%17.3%
12M Excs Rtn9.1%3.2%43.5%-69.8%10.1%-21.0%6.2%
3Y Excs Rtn-98.8%-22.9%-68.5%-98.7%-21.4%-58.0%-63.3%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Vascular918904841684700
Interventional648397407445428
Surgical418405388393378
Other9-676285337
Anesthesia   389380
Interventional urology   323342
Original Equipment and Development Services (OEM)   273246
Total1,9931,7001,7122,7912,810


Operating Income by Segment
$ Mil20152014200820072006
Europe, Middle East and Africa92115   
Vascular North America7341   
Asia6862   
Surgical North America5350   
Anesthesia North America48    
OEM3331   
All other2040   
Unallocated expenses-72-80   
Anesthesia/Respiratory North America 27   
Aerospace  04751
Commercial  02378
Medical  0183162
Total3162850253291


Assets by Segment
$ Mil20132012201020092007
Americas2,2661,953   
Europe, Middle East and Africa1,008985   
Reconciliation631522   
Asia241246   
OEM6333   
Aerospace  99120239
Commercial  93111219
Corporate  373463 
Medical  3,0703,1353,343
Total4,2093,7393,6353,8303,801


Price Behavior

Price Behavior
Market Price$150.87 
Market Cap ($ Bil)6.3 
First Trading Date02/18/1988 
Distance from 52W High-0.8% 
   50 Days200 Days
DMA Price$132.13$125.86
DMA Trenddownup
Distance from DMA14.2%19.9%
 3M1YR
Volatility28.5%40.1%
Downside Capture53.8649.86
Upside Capture123.4265.51
Correlation (S&P 500)19.6%22.4%
TFX Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta-0.23-0.050.190.200.610.72
Up Beta-3.49-1.85-0.83-0.390.650.63
Down Beta-0.52-0.99-0.700.340.350.76
Up Capture108%44%71%42%64%31%
Bmk +ve Days12182862130427
Stock +ve Days11162861119363
Down Capture-74%54%65%16%74%98%
Bmk -ve Days10253664121325
Stock -ve Days11273665131384

[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 TFX
TFX22.4%40.1%0.59-
Sector ETF (XLV)28.6%16.9%1.3126.6%
Equity (SPY)9.5%13.6%0.4019.3%
Gold (GLD)1.6%28.7%0.0512.9%
Commodities (DBC)38.4%21.2%1.42-14.1%
Real Estate (VNQ)11.3%14.2%0.5124.7%
Bitcoin (BTCUSD)-26.9%43.6%-0.606.1%

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 TFX
TFX-15.2%34.6%-0.41-
Sector ETF (XLV)8.3%15.4%0.3545.1%
Equity (SPY)11.3%17.3%0.4840.5%
Gold (GLD)17.5%19.1%0.7411.6%
Commodities (DBC)8.1%19.6%0.301.2%
Real Estate (VNQ)1.3%18.9%-0.0442.5%
Bitcoin (BTCUSD)4.1%51.6%0.2615.6%

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 TFX
TFX1.4%32.3%0.12-
Sector ETF (XLV)12.2%16.8%0.5953.4%
Equity (SPY)15.0%18.0%0.7050.4%
Gold (GLD)11.9%16.5%0.598.4%
Commodities (DBC)7.5%18.1%0.3310.3%
Real Estate (VNQ)5.9%20.7%0.2446.8%
Bitcoin (BTCUSD)60.1%66.3%1.0014.2%

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

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity4.2 Mil
Short Interest: % Change Since 93020264.1%
Average Daily Volume0.7 Mil
Days-to-Cover Short Interest6.0 days
Basic Shares Quantity41.5 Mil
Short % of Basic Shares10.2%

Earnings Returns History

Updated 11/7/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/20261.5%  
8/6/20261.5%-0.3%2.6%
5/7/20266.9%5.5%5.6%
2/26/20266.4%6.5%-1.0%
1/8/2026-13.1%-18.6%-14.3%
11/6/2025-13.0%-10.6%-3.7%
7/31/20254.9%-1.6%11.1%
5/1/2025-8.2%-10.9%-10.5%
...
SUMMARY STATS   
# Positive1079
# Negative151715
Median Positive4.9%5.5%5.6%
Median Negative-6.5%-7.9%-10.5%
Max Positive11.6%6.9%21.6%
Max Negative-21.7%-24.5%-21.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/20261.5%  
8/6/20261.5%-0.3%2.6%
5/7/20266.9%5.5%5.6%
2/26/20266.4%6.5%-1.0%
1/8/2026-13.1%-18.6%-14.3%
11/6/2025-13.0%-10.6%-3.7%
7/31/20254.9%-1.6%11.1%
5/1/2025-8.2%-10.9%-10.5%
2/27/2025-21.7%-24.5%-21.3%
10/31/2024-14.5%-14.2%-17.9%
8/1/20246.8%2.0%10.4%
5/2/2024-6.1%-5.2%-1.0%
2/22/2024-5.3%-10.4%-10.4%
11/2/202311.6%6.9%21.6%
8/3/2023-3.7%-7.9%-14.3%
5/4/2023-8.5%-8.3%-13.0%
2/23/2023-2.1%-2.9%0.4%
10/27/20221.6%0.4%8.8%
7/28/2022-7.8%-4.3%-11.8%
4/28/2022-6.5%-9.3%-9.6%
2/24/20224.9%5.5%3.9%
10/28/2021-5.2%-5.0%-16.6%
7/29/2021-0.8%-6.5%-3.2%
4/29/2021-6.0%-7.5%-9.2%
2/25/20210.5%0.5%2.6%
SUMMARY STATS   
# Positive1079
# Negative151715
Median Positive4.9%5.5%5.6%
Median Negative-6.5%-7.9%-10.5%
Max Positive11.6%6.9%21.6%
Max Negative-21.7%-24.5%-21.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202611/05/202610-Q
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/27/202610-K
09/30/202511/06/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/28/202510-K
09/30/202410/31/202410-Q
06/30/202408/02/202410-Q
03/31/202405/03/202410-Q
12/31/202302/23/202410-K
09/30/202311/03/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/23/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202611/05/202610-Q
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/27/202610-K
09/30/202511/06/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/28/202510-K
09/30/202410/31/202410-Q
06/30/202408/02/202410-Q
03/31/202405/03/202410-Q
12/31/202302/23/202410-K
09/30/202311/03/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/23/202310-K
09/30/202210/27/202210-Q
06/30/202207/28/202210-Q
03/31/202204/28/202210-Q
12/31/202103/01/202210-K
09/30/202110/28/202110-Q
06/30/202107/29/202110-Q
03/31/202104/29/202110-Q
12/31/202002/25/202110-K
09/30/202010/29/202010-Q
06/30/202007/30/202010-Q
03/31/202004/30/202010-Q
12/31/201902/21/202010-K

Recent Forward Guidance

Updated 11/6/2026

Latest: Q3 2026 Earnings Reported 11/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 GAAP Revenue GrowthReported13.2%13.7%14.2% -0.2%LoweredGuidance: 13.9% for 2026
2026 Pro Forma Adjusted Constant Currency Revenue GrowthReported3.5%4.0%4.5% 0.0%AffirmedGuidance: 4.0% for 2026
2026 GAAP RevenueReported2.26 Bil2.27 Bil2.28 Bil   
2026 Pro Forma Adjusted RevenueReported2.26 Bil2.27 Bil2.28 Bil   
2026 Adjusted Operating MarginReported 20.0%    
2026 GAAP Diluted EPS from Continuing OperationsReported2.842.973.0910.2% RaisedGuidance: 2.69 for 2026
2026 Adjusted Diluted EPS from Continuing OperationsReported7.57.637.758.2% RaisedGuidance: 7.05 for 2026


Prior: Q2 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 GAAP Revenue GrowthReported13.4%13.9%14.4% -1.0%LoweredGuidance: 14.9% for 2026
2026 Pro forma adjusted constant currency revenue growthReported3.5%4.0%4.5% -1.0%LoweredGuidance: 5.0% for 2026
2026 GAAP diluted EPS from continuing operationsReported2.542.692.84-11.8% LoweredGuidance: 3.05 for 2026
2026 Adjusted diluted EPS from continuing operationsReported6.97.057.210.2% RaisedGuidance: 6.4 for 2026

Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 GAAP Revenue GrowthReported14.4%14.9%15.4% 0.0%AffirmedGuidance: 14.9% for 2026
2026 Pro forma adjusted constant currency revenue growthReported4.5%5.0%5.5% 0.0%AffirmedGuidance: 5.0% for 2026
2026 GAAP RevenueReported2.28 Bil2.29 Bil2.30 Bil   
2026 GAAP Diluted EPSReported2.93.053.20.0% AffirmedGuidance: 3.05 for 2026
2026 Adjusted Diluted EPSReported6.256.46.550.0% AffirmedGuidance: 6.4 for 2026

Q4 2025 Earnings Reported 2/26/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 GAAP Revenue GrowthReported14.4%14.9%15.4%   
2026 Pro forma adjusted constant currency revenue growthReported4.5%5.0%5.5%   
2026 Annual pre-tax savingsReported48.00 Mil50.00 Mil52.00 Mil   
2026 GAAP EPSReported2.93.053.2   
2026 Adjusted diluted EPSReported6.256.46.55   

Insider Activity

Updated 6/9/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Haggerty, Gretchen R DirectBuy8072025114.7550057,375723,499Form
2Randle, Stuart A DirectBuy8072025115.861,000115,860874,395Form
3Krakauer, Andrew A DirectBuy8072025115.251,000115,250828,879Form
4Kelly, LiamChairman, President & CEODirectBuy8072025115.071,500172,6055,208,907Form
5Ryu, Jaewon DirectBuy8072025115.001,500172,500428,605Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Haggerty, Gretchen R DirectBuy8072025114.7550057,375723,499Form
2Randle, Stuart A DirectBuy8072025115.861,000115,860874,395Form
3Krakauer, Andrew A DirectBuy8072025115.251,000115,250828,879Form
4Kelly, LiamChairman, President & CEODirectBuy8072025115.071,500172,6055,208,907Form
5Ryu, Jaewon DirectBuy8072025115.001,500172,500428,605Form

Investor Activity (13F)

Updated Nov 7, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Boone Capital Management LLC$33.3 Mil10.2%13New13F
Irenic Capital Management LP$104.1 Mil9.4%42New13F
Abrams Bison Investments, LLC$119.6 Mil5.2%11Hold13F
Newtyn Management, LLC$47.8 Mil5.1%33New13F
Sessa Capital IM, L.P.$182.6 Mil3.5%31New13F
Wolf Hill Capital Management, LP$11.3 Mil1.6%20TRIM -75.7%13F
Park West Asset Management LLC$15.5 Mil1.4%48New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sessa Capital IM, L.P.$182.6 Mil3.5%31New13F
Irenic Capital Management LP$104.1 Mil9.4%42New13F
Newtyn Management, LLC$47.8 Mil5.1%33New13F
Boone Capital Management LLC$33.3 Mil10.2%13New13F
Park West Asset Management LLC$15.5 Mil1.4%48New13F
Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
Greenhaven Associates Inc$14.9 Mil0.2%30ExitedDec 31, 202513F
Defilade Capital Management, L.P.$5.2 Mil0.7%33ExitedDec 31, 202513F
Wolf Hill Capital Management, LP$11.3 Mil1.6%20TRIM -75.7%Mar 31, 202613F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sessa Capital IM, L.P.$182.6 Mil3.5%31New13F
Abrams Bison Investments, LLC$119.6 Mil5.2%11Hold13F
Irenic Capital Management LP$104.1 Mil9.4%42New13F
Newtyn Management, LLC$47.8 Mil5.1%33New13F
Boone Capital Management LLC$33.3 Mil10.2%13New13F
Park West Asset Management LLC$15.5 Mil1.4%48New13F
Wolf Hill Capital Management, LP$11.3 Mil1.6%20TRIM -75.7%13F
Core Cache Last Updated: 11/6/2026