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Penumbra Inc (PEN) stock

PENNYSESurgical & Medical Instruments & ApparatusFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 15/3074% above fair value
$321.72+0.26 (+0.08%)

Close on Nov 11, 2026Market cap $12.68BP/E 81.0Yield –

Penumbra Inc grew revenue 17.0% to $1.56B over the twelve months to Sep 30, 2026. Operating income rose 9.5% to $189.25M, moving the operating margin from 13.0% to 12.1%. Free cash flow was $200.29M, up 31.2% from a year earlier. At the latest close the market valued the company at $12.68B, 81.0 times its earnings.

Revenue
$1.56B
+17.0% vs. a year earlier
Operating income
$189.25M
+9.5% vs. a year earlier
Free cash flow
$200.29M
+31.2% vs. a year earlier
EPS, diluted
$3.97
-4.1% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$12.68B
P/E ratio
81.0
Price to sales
8.13
Price to book
8.01
Dividend yield
–
Free cash flow yield
1.58%

Fundamentals

Revenue
$1.56B
Net income
$157.02M
EPS, diluted
$3.97
Free cash flow
$200.29M
Book value per share
$39.97
Diluted shares
40M

Trading

Next earnings
Feb 24, 2027 (estimated, during market hours)
Previous close
$321.46
Open
$321.00
Day's range
$320.28 – $322.24
Volume
320,186
Average volume (20 days)
403,224
Index membership
S&P MidCap 400, Russell 1000, Russell 3000
Beta (5 years)
0.87
52-week range
$271.31 – $362.41
RSI (14 days)
51.5
Volatility (1 year)
19.7%
Relative volume
0.90×
WACC
9.2%

Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2015, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodPENS&P 500DifferencePEN per yearS&P 500 per year
1 month+0.7%-2.4%+3.1 pts
3 months-1.4%-1.2%−0.2 pts
Year to date+3.5%+12.3%−8.8 pts
1 year+15.0%+12.4%+2.6 pts
3 years+77.3%+78.8%−1.5 pts+21.0%+21.4%
5 years+21.6%+75.2%−53.6 pts+4.0%+11.9%
10 years+402.7%+311.1%+91.6 pts+17.5%+15.2%

Fourteen years at a glance

Fiscal years 2012 to 2025 and trailing twelve months, USD

Revenue

$1.56B+17.0% YoY

Gross profit

$1.06B+19.1% YoY

Operating income

$189.25M+9.5% YoY

Net income

$157.02M-4.3% YoY

EPS, diluted

$3.97-4.1% YoY

Free cash flow

$200.29M+31.2% YoY
Reported periodTrailing twelve months

Press releases

Releases Penumbra filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Penumbra

Surgical & Medical Instruments & Apparatus

Penumbra develops and manufactures medical devices designed to address challenging vascular conditions throughout the body, operating as a single segment focused on thrombectomy, embolization, and access solutions. The company's thrombectomy portfolio includes computer-assisted vacuum aspiration systems, continuous aspiration mechanical catheters, and reperfusion devices used to treat ischemic stroke, pulmonary embolism, deep vein thrombosis, and acute limb ischemia. In addition, it produces peripheral and neurovascular embolization devices, such as detachable coils and occlusion systems, alongside guide and intermediate access catheters and neurosurgical evacuation tools. Penumbra primarily sells these products directly to healthcare providers and hospital systems for use by specialist physicians, including interventional radiologists, neuroradiologists, vascular surgeons, neurosurgeons, and interventional cardiologists.

Company profile, executives and history

Penumbra stock: common questions

What is Penumbra's stock price?

PEN closed at $321.72 on Nov 11, 2026, up 0.08% on the day. Over the past 52 weeks it traded between $271.31 and $362.41.

What is Penumbra's market cap?

Penumbra was worth $12.68B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is PEN's P/E ratio?

PEN trades at 81.0 times earnings, based on diluted earnings per share of $3.97 over the twelve months to Sep 30, 2026.

How much revenue does Penumbra make?

Penumbra reported revenue of $1.56B for the twelve months to Sep 30, 2026, up 17.0% from a year earlier.

Does Penumbra pay a dividend?

No. Penumbra has not paid a cash dividend over the last twelve months.

When does Penumbra report earnings next?

Penumbra is expected to report Q4 FY2026 results on Feb 24, 2027, during market hours. The date is estimated from its past reporting pattern until the company confirms it.

How has PEN stock performed over the past year?

Including dividends, PEN returned +15.0% over the past year, against +12.4% for the S&P 500.

How many PEN shares are sold short?

2M shares were sold short at the latest FINRA report, 6.31% of the float, or 5.3 days of average trading volume.

Who are Penumbra's competitors?

Companies most similar to Penumbra by business, industry and size include MMSI, TFX, ICUI, IART, HAE.

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