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Penumbra Inc (PEN) Stock Fundamental Analysis & AI Rating 2026

PEN NYSE Surgical & Medical Instruments & Apparatus DE CIK: 0001321732
Recently Updated • Analysis: Apr 14, 2026 • SEC Data: 2025-12-31
BUY
78% Conf
Pending
Analysis scheduled

📊 PEN Key Takeaways

Revenue: $1.4B
Net Margin: 12.7%
Free Cash Flow: $174.9M
Current Ratio: 6.64x
Debt/Equity: 0.00x
EPS: $4.52
AI Rating: BUY with 78% confidence
Penumbra Inc (PEN) receives a BUY rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $1.4B, net profit margin of 12.7%, and return on equity (ROE) of 12.4%, Penumbra Inc demonstrates strong fundamentals in the Healthcare sector. Below is our complete PEN stock analysis for 2026.

Is Penumbra Inc (PEN) a Good Investment?

Claude

Penumbra demonstrates solid fundamentals with strong revenue growth (+17.5%) and excellent operational cash flow ($174.9M). The company maintains a fortress balance sheet with zero debt, exceptional liquidity (6.64x current ratio), and world-class gross margins (67.1%). However, flat net income growth despite strong top-line expansion signals margin compression concerns that warrant monitoring.

Why Buy Penumbra Inc Stock? PEN Key Strengths

Claude
  • + Strong revenue growth of 17.5% YoY in medical device sector
  • + Exceptional gross margin of 67.1% demonstrates pricing power and operational efficiency
  • + Fortress balance sheet with zero long-term debt and $186.9M cash position
  • + Robust free cash flow generation of $174.9M with 12.5% FCF margin
  • + Excellent liquidity ratios (6.64x current, 4.29x quick) provide financial flexibility
  • + Medical device industry exposure provides defensive growth characteristics

PEN Stock Risks: Penumbra Inc Investment Risks

Claude
  • ! Net income flat (0% YoY) despite 17.5% revenue growth indicates margin compression or cost pressures
  • ! Operating margin of 13.5% is low relative to 67.1% gross margin, suggesting elevated operating expenses
  • ! EPS growth (+1155.6%) is driven by share buybacks rather than operational improvement
  • ! ROE (12.4%) and ROA (9.7%) are moderate, indicating capital efficiency concerns
  • ! Lack of long-term debt detail may indicate financing structure not fully transparent

Key Metrics to Watch

Claude
  • * Operating margin trend and ability to leverage gross margin gains into operating income
  • * Net income growth acceleration and organic margin expansion
  • * Free cash flow sustainability and capital allocation decisions
  • * Operating expense ratio trends to identify cost control initiatives

Penumbra Inc (PEN) Financial Metrics & Key Ratios

Revenue
$1.4B
Net Income
$177.7M
EPS (Diluted)
$4.52
Free Cash Flow
$174.9M
Total Assets
$1.8B
Cash Position
$186.9M

💡 AI Analyst Insight

Strong liquidity with a 6.64x current ratio provides a solid financial cushion.

PEN Profit Margin, ROE & Profitability Analysis

Gross Margin 67.1%
Operating Margin 13.5%
Net Margin 12.7%
ROE 12.4%
ROA 9.7%
FCF Margin 12.5%

PEN vs Healthcare Sector: How Penumbra Inc Compares

How Penumbra Inc compares to Healthcare sector averages

Net Margin
PEN 12.7%
vs
Sector Avg 12.0%
PEN Sector
ROE
PEN 12.4%
vs
Sector Avg 15.0%
PEN Sector
Current Ratio
PEN 6.6x
vs
Sector Avg 2.0x
PEN Sector
Debt/Equity
PEN 0.0x
vs
Sector Avg 0.6x
PEN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Penumbra Inc Stock Overvalued? PEN Valuation Analysis 2026

Based on fundamental analysis, Penumbra Inc has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
12.4%
Sector avg: 15%
Net Profit Margin
12.7%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Penumbra Inc Balance Sheet: PEN Debt, Cash & Liquidity

Current Ratio
6.64x
Quick Ratio
4.29x
Debt/Equity
0.00x
Debt/Assets
21.8%
Interest Coverage
253.68x
Long-term Debt
N/A

PEN Revenue & Earnings Growth: 5-Year Financial Trend

PEN 5-year financial data: Year 2021: Revenue $747.6M, Net Income $48.5M, EPS $1.34. Year 2022: Revenue $847.1M, Net Income -$15.7M, EPS $-0.44. Year 2023: Revenue $1.1B, Net Income $5.3M, EPS $0.14. Year 2024: Revenue $1.2B, Net Income -$2.0M, EPS $-0.05. Year 2025: Revenue $1.4B, Net Income $91.0M, EPS $2.32.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Penumbra Inc's revenue has grown significantly by 88% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.32 reflects profitable operations.

PEN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
12.5%
Free cash flow / Revenue

PEN Quarterly Earnings & Performance

Quarterly financial performance data for Penumbra Inc including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $301.0M $11.0M $-0.51
Q2 2025 $299.4M $11.0M $1.15
Q1 2025 $278.7M $11.0M $0.28
Q3 2024 $270.9M $8.6M $0.23
Q2 2024 $261.5M $8.6M $0.48
Q1 2024 $241.4M $8.6M $0.22
Q3 2023 $213.7M $79.0K $-0.06
Q2 2023 $208.3M $79.0K $-0.10

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Penumbra Inc Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$238.7M
Cash generated from operations
Capital Expenditures
$63.7M
Investment in assets
Dividends
None
No dividend program

PEN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Penumbra Inc (CIK: 0001321732)

📋 Recent SEC Filings

Date Form Document Action
Apr 6, 2026 4 xslF345X06/wk-form4_1775520139.xml View →
Mar 17, 2026 4 xslF345X05/wk-form4_1773790417.xml View →
Mar 17, 2026 4 xslF345X05/wk-form4_1773790361.xml View →
Mar 17, 2026 4 xslF345X05/wk-form4_1773790331.xml View →
Mar 17, 2026 4 xslF345X05/wk-form4_1773790301.xml View →

Frequently Asked Questions about PEN

What is the AI rating for PEN?

Penumbra Inc (PEN) has an AI rating of BUY with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PEN's key strengths?

Claude: Strong revenue growth of 17.5% YoY in medical device sector. Exceptional gross margin of 67.1% demonstrates pricing power and operational efficiency.

What are the risks of investing in PEN?

Claude: Net income flat (0% YoY) despite 17.5% revenue growth indicates margin compression or cost pressures. Operating margin of 13.5% is low relative to 67.1% gross margin, suggesting elevated operating expenses.

What is PEN's revenue and growth?

Penumbra Inc reported revenue of $1.4B.

Does PEN pay dividends?

Penumbra Inc does not currently pay dividends.

Where can I find PEN SEC filings?

Official SEC filings for Penumbra Inc (CIK: 0001321732) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PEN's EPS?

Penumbra Inc has a diluted EPS of $4.52.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is PEN a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Penumbra Inc has a BUY rating with 78% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is PEN stock overvalued or undervalued?

Valuation metrics for PEN: ROE of 12.4% (sector avg: 15%), net margin of 12.7% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy PEN stock in 2026?

Our dual AI analysis gives Penumbra Inc a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is PEN's free cash flow?

Penumbra Inc's operating cash flow is $238.7M, with capital expenditures of $63.7M. FCF margin is 12.5%.

How does PEN compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin 12.7% (avg: 12%), ROE 12.4% (avg: 15%), current ratio 6.64 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 14, 2026 | Data as of: 2025-12-31 | Powered by Claude AI