CNMD CONMED margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 58

Gross margin

57.6%

Operating margin

9.9%

EBITDA margin

11.3%

Net margin

5.4%

Using the latest TTM figures, CONMED shows a gross margin of 57.6%, an operating margin of 9.9%, an EBITDA margin of 11.3%, and a net margin of 5.4%. Gross margin had the largest improvement, increasing by 3.4 percentage points, while the other available margins also improved.

CNMD margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, CONMED recorded average margins of 55.49% gross, 11.13% operating, 12.43% EBITDA, and 6.56% net. CONMED's current performance shows that gross margin is above its three-year average and operating, EBITDA, and net margins are below their three-year averages.

CNMD margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in gross margin, which rose by 3.4 percentage points. The other available margins also improved.

Gross margin expansion

3.4pp

Operating margin expansion

1.1pp

EBITDA margin expansion

1.3pp

Net margin expansion

0.6pp

CNMD Gross margin

The average gross margin for CONMED was 55.49% over the last 3 years. As of the latest period, the current gross margin for CONMED is 57.6%, 2.1 percentage points above its three-year average. The gross margin for CONMED moved between 54.2% in Sep 2025 and 57.6% in Sep 2026.

CNMD Operating margin

CONMED's operating margin averaged 11.13% during the last 3 years. Compared with its three-year average, CONMED's current operating margin is 9.9% and is 1.2 percentage points below its three-year average. Over the last 3 years, CONMED's operating margin peaked at 15.4% in Sep 2024 and reached a low of 7.4% in Dec 2025.

CNMD EBITDA margin

Over the last 3 years, CONMED's EBITDA margin averaged 12.43%. The current EBITDA margin of 11.3% is 1.1 percentage points below its three-year average. During this period, EBITDA margin reached a high of 16.7% in Sep 2024 and a low of 8.7% in Dec 2025.

CNMD Net margin

Looking back over the last 3 years, CONMED recorded an average net margin of 6.56%. Against its three-year average, CONMED's net margin is currently 5.4%, 1.2 percentage points below its three-year average. The highest net margin for CONMED was 10.2% in Sep 2024, while the lowest was 3.4% in Dec 2025.

CNMD margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 57.6%, CNMD stands below the Healthcare sector, the industry and its peers average. In comparison with its Healthcare sector average of 68.3%, CONMED's gross margin is 16% lower.

CNMD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is CONMED's gross margin?

For the period ending Sep 30, 2026, CNMD recorded a gross margin of 57.6%.

What is CONMED's operating margin?

The current operating margin for CNMD is 9.9% as of Sep 30, 2026.

What is CONMED's EBITDA margin?

For the period ending Sep 30, 2026, CNMD recorded an EBITDA margin of 11.3%.

What is CONMED's net margin?

The current net margin for CNMD is 5.4% as of Sep 30, 2026.

What are the average margins of CNMD?

Over the past 3 years, CNMD reported average margins of 55.5% gross, 11.1% operating, 12.4% EBITDA, and 6.6% net.

What are the highest historical margins of CNMD?

Looking back across 5 years, CNMD reached 57.6% gross in Sep 2026, 15.4% operating in Sep 2024, 16.7% EBITDA in Sep 2024, and 10.2% net in Sep 2024.

What are the lowest historical margins of CNMD?

Over the last 5 years, CONMED's lowest margins were 53.5% gross in Jun 2023, -4.7% operating in Mar 2023, -3.2% EBITDA in Mar 2023, and -10.9% net in Jun 2022.