Tearsheet

Haemonetics (HAE)


Market Price (10/23/2025): $51.34 | Market Cap: $2.5 Bil
Sector: Health Care | Industry: Health Care Supplies

Haemonetics (HAE)


Market Price (10/23/2025): $51.34
Market Cap: $2.5 Bil
Sector: Health Care
Industry: Health Care Supplies

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 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, FCF Yield is 7.7%
Weak multi-year price returns
2Y Excs Rtn is -99%, 3Y Excs Rtn is -116%
Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -4.4%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
  
2 Low stock price volatility
Vol 12M is 45%
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, FCF Yield is 7.7%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
2 Low stock price volatility
Vol 12M is 45%
3 Weak multi-year price returns
2Y Excs Rtn is -99%, 3Y Excs Rtn is -116%
4 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -4.4%

Market Valuation & Key Metrics

HAE Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
HAE Return3%-55%48%9%-9%-34%-56%
Peers Return61%25%-27%5%-17%-17%5%
S&P 500 Return16%27%-19%24%23%14%106%

Monthly Win Rates [3]
HAE Win Rate50%42%67%58%42%22% 
Peers Win Rate58%62%47%57%40%44% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
HAE Max Drawdown-35%-58%-17%-8%-17%-39% 
Peers Max Drawdown-32%-4%-41%-18%-31%-37% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: MMSI, CNMD, STAA, IART, WST. See HAE 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] 2025 data is for the year up to 10/22/2025 (YTD)

How Low Can It Go

Unique KeyEventHAES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-68.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven218.7%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-39.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven63.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven294 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-29.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven42.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven63 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-25.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven33.9%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven707 days1480 days

Compare to MMSI, CNMD, STAA, IART, WST


In The Past

Haemonetics's stock fell -68.6% during the 2022 Inflation Shock from a high on 2/8/2021. A -68.6% loss requires a 218.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Haemonetics (HAE)

Better Bets than Haemonetics (HAE)

Trade Ideas

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

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADMA_9302025_Dip_Buyer_ValueBuy09302025ADMAADMA BiologicsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.4%0.4%-4.6%
REGN_9302025_Dip_Buyer_ValueBuy09302025REGNRegeneron PharmaceuticalsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
3.0%3.0%-0.8%
HAE_9262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG09262025HAEHaemoneticsDip 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
6.3%6.3%-0.1%
WAT_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025WATWatersMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
16.1%16.1%-4.3%
ISRG_9052025_Monopoly_xInd_xCD_Getting_Cheaper09052025ISRGIntuitive SurgicalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.9%-0.9%-8.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADMA_9302025_Dip_Buyer_ValueBuy09302025ADMAADMA BiologicsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.4%0.4%-4.6%
REGN_9302025_Dip_Buyer_ValueBuy09302025REGNRegeneron PharmaceuticalsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
3.0%3.0%-0.8%
HAE_9262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG09262025HAEHaemoneticsDip 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
6.3%6.3%-0.1%
WAT_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025WATWatersMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
16.1%16.1%-4.3%
ISRG_9052025_Monopoly_xInd_xCD_Getting_Cheaper09052025ISRGIntuitive SurgicalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.9%-0.9%-8.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Haemonetics

Financials

HAEMMSICNMDSTAAIARTWSTMedian
NameHaemonet.Merit Me.Conmed Staar Su.Integra .West Pha. 
Mkt Price51.3484.5248.7724.9015.46277.0050.06
Mkt Cap2.55.01.51.21.220.02.0
Rev LTM1,3461,3881,3162241,6242,9601,367
Op Inc LTM215162181-829622172
FCF LTM189178165-44-25344171
FCF 3Y Avg128125104-1078366115
CFO LTM227225179-29102677202
CFO 3Y Avg2041701228159712165

Growth & Margins

HAEMMSICNMDSTAAIARTWSTMedian
NameHaemonet.Merit Me.Conmed Staar Su.Integra .West Pha. 
Rev Chg LTM0.9%8.2%4.3%-32.6%6.2%2.9%3.6%
Rev Chg 3Y Avg9.7%8.0%8.9%-2.3%1.4%0.4%4.7%
Rev Chg Q-4.4%9.8%2.9%-55.2%3.7%9.2%3.3%
QoQ Delta Rev Chg LTM-1.1%2.3%0.7%-19.6%0.9%2.2%0.8%
Op Mgn LTM16.0%11.7%13.8%-36.4%0.6%21.0%12.7%
Op Mgn 3Y Avg14.2%10.5%10.2%-6.7%6.8%22.2%10.4%
QoQ Delta Op Mgn LTM1.2%0.2%-1.6%-20.2%-1.2%0.5%-0.5%
CFO/Rev LTM16.8%16.2%13.6%-12.7%6.3%22.9%14.9%
CFO/Rev 3Y Avg15.8%13.1%9.6%1.2%10.2%24.6%11.6%
FCF/Rev LTM14.1%12.8%12.5%-19.5%-1.6%11.6%12.1%
FCF/Rev 3Y Avg9.8%9.5%8.1%-5.2%5.1%12.6%8.8%

Valuation

HAEMMSICNMDSTAAIARTWSTMedian
NameHaemonet.Merit Me.Conmed Staar Su.Integra .West Pha. 
Mkt Cap2.55.01.51.21.220.02.0
P/S1.83.61.15.50.76.82.7
P/EBIT10.527.28.3-15.136.133.518.8
P/E15.140.712.7-12.9-40.841.013.9
P/CFO10.922.18.4-43.211.529.611.2
Total Yield6.6%2.5%9.5%-7.7%-2.4%2.6%2.5%
Dividend Yield0.0%0.0%1.6%0.0%0.0%0.2%0.0%
FCF Yield 3Y Avg3.3%2.4%5.7%-1.6%2.0%1.7%2.2%
D/E0.50.20.60.01.70.00.3
Net D/E0.40.10.6-0.11.5-0.00.2

Returns

HAEMMSICNMDSTAAIARTWSTMedian
NameHaemonet.Merit Me.Conmed Staar Su.Integra .West Pha. 
1M Rtn0.3%1.1%-2.5%-7.3%7.3%9.8%0.7%
3M Rtn-31.1%-0.6%-2.5%29.1%20.8%21.9%10.1%
6M Rtn-14.9%-9.9%-1.2%43.1%-4.9%27.2%-3.0%
12M Rtn-31.1%-11.6%-21.6%-18.1%-19.4%-3.0%-18.8%
3Y Rtn-35.8%45.9%-34.8%-64.5%-63.9%19.8%-35.3%
1M Excs Rtn0.7%0.3%-0.2%-6.9%10.0%9.8%0.5%
3M Excs Rtn-36.1%-4.9%-6.5%25.9%16.4%-6.0%-5.5%
6M Excs Rtn-39.5%-34.5%-25.8%18.5%-29.5%2.6%-27.7%
12M Excs Rtn-46.8%-26.6%-39.7%-34.1%-36.4%-19.5%-35.2%
3Y Excs Rtn-116.1%-34.6%-118.1%-147.5%-147.0%-72.9%-117.1%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity3,133,216
Short Interest: % Change Since 9152025-7.6%
Average Daily Volume1,265,153
Days-to-Cover Short Interest2.48
Basic Shares Quantity48,111,000
Short % of Basic Shares6.5%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/2025-26.6%-28.9%-28.2%
5/8/20255.9%6.8%9.7%
2/6/2025-11.6%-13.9%-3.6%
11/7/202410.7%17.4%3.9%
8/8/2024-10.8%-14.6%-14.6%
5/9/2024-0.7%3.5%-8.2%
2/8/20241.3%-7.6%3.2%
11/2/2023-1.1%-0.3%-2.5%
...
SUMMARY STATS   
# Positive131213
# Negative101110
Median Positive7.3%7.3%6.3%
Median Negative-8.8%-7.0%-7.4%
Max Positive16.2%23.8%33.1%
Max Negative-26.6%-28.9%-28.2%

SEC Filings

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Report DateFiling DateFiling
6302025807202510-Q 6/28/2025
3312025521202510-K 3/29/2025
12312024206202510-Q 12/28/2024
93020241107202410-Q 9/28/2024
6302024808202410-Q 6/29/2024
3312024520202410-K 3/30/2024
12312023208202410-Q 12/30/2023
93020231102202310-Q 9/30/2023
6302023808202310-Q 7/1/2023
3312023522202310-K 4/1/2023
12312022207202310-Q 12/31/2022
93020221108202210-Q 10/1/2022
6302022810202210-Q 7/2/2022
3312022525202210-K 4/2/2022
12312021208202210-Q 1/1/2022
93020211109202110-Q 10/2/2021

Insider Activity

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