LEMAITRE VASCULAR INC
LMAT · Surgical & Medical Instruments & Apparatus · 22.9M shares · +2%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$4M (gross $853K, SBC $5M)
Reference price $108.69 · est. market cap ~$2.5B — last insider sale, 2026-05-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A82Vascular-device maker with elite margins, strong returns, debt-free, and cash-rich.
Strengths
- Elite margins/returns — operating margin 27% (97th), net margin 23% (95th), OCF margin 33% (98th)
- Debt-free, cash-rich — current ratio 12.9 (96th), interest coverage 13.1
- Steady growth — revenue +14%, net income +31%
Risks
- Niche-market scale — per 10-K
- Acquisition-driven growth — per 10-K
- Competition — per 10-K
Notable findings
- FDA recallFDA recall (Class II) — Artegraft Vascular Graft; REF#: AG740; (2026-02-10)
- Customer concentration~95% of revenue from one customer/distributor — During the year ended December 31, 2025, approximately 95% of our net sales were generated in territories in which we employ direct sales representatives
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $359M cash & investments
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, RENAISSANCE TECHNOLOGIES LLC +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 11 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$30M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
71.5%
Operating margin
27.2%
Net margin
23.1%
Return on equity
14.7%
Return on assets
9.4%
Revenue growth (QoQ)
1.6%
Net-income growth
31.1%
Interest coverage
13.1×
Current ratio
12.9×
EBITDA
$78M
Tangible book value
$294M
Cash & investments
$359M
Stock comp / revenue
3.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-04 | LeMaitre George W | Grant | 12K | — |
| 2026-06-04 | LeMaitre George W | Gift | 12K | — |
| 2026-05-08 | Kamke Trent G | Sell | 2.9K | $107.00 |
| 2026-05-08 | LeMaitre George W | Sell | 28K | $108.69 |
| 2026-05-07 | Jasinski Lawrence J | Option exercise | 1.1K | $47.19 |
| 2026-05-07 | Jasinski Lawrence J | Option exercise | 924 | $54.65 |
| 2026-05-07 | Jasinski Lawrence J | Option exercise | 865 | $101.12 |
| 2026-05-07 | Jasinski Lawrence J | Sell | 3.9K | $110.00 |
| 2026-05-07 | LeMaitre George W | Sell | 19K | $107.64 |
| 2026-05-07 | Ross Bridget A | Option exercise | 3.4K | $48.60 |
| 2026-05-07 | Ross Bridget A | Option exercise | 1.6K | $47.19 |
| 2026-05-07 | Ross Bridget A | Sell | 5.0K | $111.10 |
| 2026-04-22 | Pellegrino Joseph P JR | Option exercise | 2.9K | $35.48 |
| 2026-03-11 | Kamke Trent G | Sell | 2.6K | $108.50 |
| 2026-03-11 | Roberts David B | Sell | 3.3K | $107.68 |
| 2026-03-11 | Kamke Trent G | Option exercise | 2.6K | $35.48 |
| 2026-03-10 | LeBlanc Dorian Paul | Option exercise | 2 | — |
| 2026-03-10 | LeBlanc Dorian Paul | Tax withheld | 96 | $109.20 |
| 2026-03-02 | LeMaitre George W | Gift | 5.0K | — |
| 2026-03-02 | LeMaitre George W | Sell | 56K | $107.81 |
| 2026-02-27 | Roberts David B | Sell | 8.5K | $106.80 |
| 2026-02-27 | Kamke Trent G | Sell | 1.0K | $110.29 |
| 2026-02-26 | LeMaitre George W | Grant | 5.6K | — |
| 2026-02-26 | LeMaitre George W | Option exercise | 13 | — |
| 2026-02-26 | LeMaitre George W | Tax withheld | 496 | $113.69 |
| 2026-02-26 | SHADAN MARTHA | Grant | 476 | — |
| 2026-02-26 | SHADAN MARTHA | Option exercise | 1 | — |
| 2026-02-26 | Roush John A | Grant | 476 | — |
| 2026-02-26 | Roush John A | Option exercise | 1 | — |
| 2026-02-26 | Ross Bridget A | Grant | 476 | — |
| 2026-02-26 | Ross Bridget A | Option exercise | 1 | — |
| 2026-02-26 | O'Connor John James | Grant | 476 | — |
| 2026-02-26 | O'Connor John James | Option exercise | 1 | — |
| 2026-02-26 | Jasinski Lawrence J | Grant | 476 | — |
| 2026-02-26 | Jasinski Lawrence J | Option exercise | 1 | — |
| 2026-02-26 | Pellegrino Joseph P JR | Grant | 1.9K | — |
| 2026-02-26 | Pellegrino Joseph P JR | Option exercise | 4 | — |
| 2026-02-26 | Kamke Trent G | Grant | 1.1K | — |
| 2026-02-26 | Kamke Trent G | Option exercise | 2 | — |
| 2026-02-26 | Kamke Trent G | Tax withheld | 93 | $113.69 |
| 2026-02-26 | Roberts David B | Grant | 1.5K | — |
| 2026-02-26 | Roberts David B | Grant | 146 | — |
| 2026-02-26 | Roberts David B | Option exercise | 3 | — |
| 2026-02-26 | Roberts David B | Tax withheld | 134 | $113.69 |
| 2026-02-26 | Roberts David B | Tax withheld | 13 | $113.69 |
| 2026-02-26 | LeMaitre George W | Sell | 150K | $106.76 |
| 2026-02-05 | Roberts David B | Option exercise | 2.7K | $37.29 |
| 2026-02-05 | Roberts David B | Option exercise | 7 | $48.60 |
| 2026-01-08 | Kamke Trent G | Option exercise | 1.2K | $37.29 |
| 2026-01-08 | Kamke Trent G | Option exercise | 1.1K | $48.60 |
| 2025-12-12 | Jasinski Lawrence J | Option exercise | 5 | — |
| 2025-12-12 | Roberts David B | Option exercise | 18 | — |
| 2025-12-12 | Roberts David B | Tax withheld | 302 | $84.00 |
| 2025-12-12 | Kamke Trent G | Option exercise | 8 | — |
| 2025-12-12 | Kamke Trent G | Tax withheld | 90 | $84.00 |
| 2025-12-12 | Kamke Trent G | Option exercise | 8 | — |
| 2025-12-12 | Kamke Trent G | Tax withheld | 90 | $84.00 |
| 2025-12-12 | Pellegrino Joseph P JR | Option exercise | 18 | — |
| 2025-12-12 | Pellegrino Joseph P JR | Option exercise | 18 | — |
| 2025-12-12 | SHADAN MARTHA | Option exercise | 5 | — |
| 2025-12-12 | SHADAN MARTHA | Option exercise | 5 | — |
| 2025-12-12 | Ross Bridget A | Option exercise | 5 | — |
| 2025-12-12 | Ross Bridget A | Option exercise | 5 | — |
| 2025-12-12 | O'Connor John James | Option exercise | 5 | — |
| 2025-12-12 | Jasinski Lawrence J | Option exercise | 5 | — |
| 2025-12-12 | Roush John A | Option exercise | 5 | — |
| 2025-12-12 | Roush John A | Option exercise | 5 | — |
| 2025-12-12 | O'Connor John James | Option exercise | 5 | — |
| 2025-12-12 | LeMaitre George W | Option exercise | 5.2K | $37.29 |
| 2025-12-12 | LeMaitre George W | Option exercise | 7.7K | $48.60 |
| 2025-12-12 | LeMaitre George W | Option exercise | 7.1K | $47.19 |
| 2025-12-12 | LeMaitre George W | Option exercise | 6.2K | $54.65 |
| 2025-12-12 | LeMaitre George W | Gift | 12K | — |
| 2025-12-12 | LeMaitre George W | Grant | 12K | — |
| 2025-12-12 | LeMaitre George W | Option exercise | 39 | — |
| 2025-12-12 | LeMaitre George W | Tax withheld | 663 | $84.00 |
| 2025-12-12 | LeMaitre George W | Option exercise | 39 | — |
| 2025-12-12 | LeMaitre George W | Tax withheld | 663 | $84.00 |
| 2025-12-12 | Roberts David B | Option exercise | 18 | — |
| 2025-12-12 | Roberts David B | Tax withheld | 302 | $84.00 |
| 2025-12-11 | Kamke Trent G | Tax withheld | 90 | $83.36 |
| 2025-12-11 | Pellegrino Joseph P JR | Option exercise | 25 | — |
| 2025-12-11 | LeMaitre George W | Option exercise | 54 | — |
| 2025-12-11 | Roberts David B | Option exercise | 25 | — |
| 2025-12-11 | Roberts David B | Tax withheld | 297 | $83.36 |
| 2025-12-11 | LeMaitre George W | Tax withheld | 652 | $83.36 |
| 2025-12-11 | Kamke Trent G | Option exercise | 11 | — |
| 2025-12-10 | O'Connor John James | Grant | 533 | — |
| 2025-12-10 | Ross Bridget A | Grant | 533 | — |
| 2025-12-10 | SHADAN MARTHA | Grant | 533 | — |
| 2025-12-10 | Kamke Trent G | Grant | 1.2K | — |
| 2025-12-10 | LeMaitre George W | Grant | 6.3K | — |
| 2025-12-10 | LeBlanc Dorian Paul | Grant | 1.2K | — |
| 2025-12-10 | Roberts David B | Grant | 1.7K | — |
| 2025-12-10 | Pellegrino Joseph P JR | Grant | 533 | — |
| 2025-12-10 | Roush John A | Grant | 533 | — |
| 2025-12-10 | Jasinski Lawrence J | Grant | 533 | — |
| 2025-12-08 | Roberts David B | Tax withheld | 205 | $82.93 |
| 2025-12-08 | LeMaitre George W | Option exercise | 21 | — |
| 2025-12-08 | LeMaitre George W | Tax withheld | 567 | $82.93 |
| 2025-12-08 | LeMaitre George W | Option exercise | 25 | — |
| 2025-12-08 | LeMaitre George W | Tax withheld | 681 | $82.93 |
| 2025-12-08 | Roberts David B | Option exercise | 9 | — |
| 2025-12-08 | Roberts David B | Tax withheld | 230 | $82.93 |
| 2025-12-08 | Roberts David B | Option exercise | 11 | — |
| 2025-12-08 | Kamke Trent G | Option exercise | 4 | — |
| 2025-12-08 | Kamke Trent G | Tax withheld | 77 | $82.93 |
| 2025-12-08 | Kamke Trent G | Option exercise | 5 | — |
| 2025-12-08 | Kamke Trent G | Tax withheld | 92 | $82.93 |
| 2025-12-08 | Pellegrino Joseph P JR | Option exercise | 9 | — |
| 2025-12-08 | Pellegrino Joseph P JR | Option exercise | 11 | — |
| 2025-12-08 | Jasinski Lawrence J | Option exercise | 2 | — |
| 2025-12-08 | Jasinski Lawrence J | Option exercise | 3 | — |
| 2025-12-08 | O'Connor John James | Option exercise | 2 | — |
| 2025-12-08 | O'Connor John James | Option exercise | 3 | — |
| 2025-12-08 | Ross Bridget A | Option exercise | 2 | — |
| 2025-12-08 | Ross Bridget A | Option exercise | 3 | — |
| 2025-12-08 | Roush John A | Option exercise | 2 | — |
| 2025-12-08 | Roush John A | Option exercise | 3 | — |
| 2025-12-08 | SHADAN MARTHA | Option exercise | 2 | — |
| 2025-12-08 | SHADAN MARTHA | Option exercise | 3 | — |
| 2025-12-06 | Kamke Trent G | Option exercise | 2 | — |
| 2025-12-06 | Kamke Trent G | Tax withheld | 69 | $84.53 |
| 2025-12-06 | Roberts David B | Option exercise | 3 | — |
| 2025-12-06 | Pellegrino Joseph P JR | Option exercise | 3 | — |
| 2025-12-06 | Roberts David B | Tax withheld | 99 | $84.53 |
| 2025-12-06 | Roberts David B | Tax withheld | 10 | $84.53 |
| 2025-12-06 | O'Connor John James | Option exercise | 1 | — |
| 2025-12-06 | Jasinski Lawrence J | Option exercise | 1 | — |
| 2025-12-06 | Roush John A | Option exercise | 1 | — |
| 2025-12-06 | Ross Bridget A | Option exercise | 1 | — |
| 2025-12-06 | SHADAN MARTHA | Option exercise | 1 | — |
| 2025-12-06 | LeMaitre George W | Option exercise | 11 | — |
| 2025-12-06 | LeMaitre George W | Tax withheld | 553 | $84.53 |
| 2025-12-04 | O'Connor John James | Gift | 3.0K | — |
| 2025-12-02 | Kamke Trent G | Option exercise | 10 | — |
| 2025-12-02 | Kamke Trent G | Tax withheld | 53 | $83.68 |
| 2025-12-02 | Pellegrino Joseph P JR | Option exercise | 15 | — |
| 2025-12-02 | LeMaitre George W | Option exercise | 45 | — |
| 2025-12-02 | LeMaitre George W | Tax withheld | 455 | $83.68 |
| 2025-12-02 | Roberts David B | Tax withheld | 107 | $83.68 |
| 2025-12-02 | Roberts David B | Option exercise | 15 | — |
| 2025-11-21 | O'Connor John James | Option exercise | 7.5K | $37.29 |
| 2025-11-20 | LeMaitre George W | Option exercise | 2.7K | $41.02 |
| 2025-09-05 | LeMaitre George W | Grant | 21K | — |
| 2025-09-05 | LeMaitre George W | Gift | 11K | — |
| 2025-09-05 | LeMaitre George W | Gift | 11K | — |
| 2025-09-05 | LeMaitre George W | Gift | 21K | — |
| 2025-09-03 | LeMaitre George W | Gift | 11K | — |
| 2025-09-03 | LeMaitre George W | Gift | 11K | — |
| 2025-08-12 | Jasinski Lawrence J | Sell | 976 | $92.78 |
| 2025-08-11 | Roberts David B | Sell | 3.7K | $92.53 |
| 2025-08-11 | Roberts David B | Sell | 384 | $91.55 |
| 2025-08-11 | Roberts David B | Option exercise | 6.7K | $37.29 |
| 2025-08-11 | Roberts David B | Sell | 6.7K | $92.35 |
| 2025-08-11 | Roush John A | Option exercise | 6.6K | $37.29 |
| 2025-08-11 | Roberts David B | Option exercise | 4.0K | $37.29 |
| 2025-08-11 | Roberts David B | Option exercise | 123 | $35.48 |
| 2025-08-11 | Roush John A | Sell | 5.0K | $92.78 |
| 2025-08-11 | Roush John A | Sell | 1.6K | $91.82 |
| 2025-08-08 | Roush John A | Sell | 939 | $93.49 |
| 2025-08-08 | Ross Bridget A | Option exercise | 2.5K | $37.29 |
| 2025-08-08 | Ross Bridget A | Sell | 2.5K | $94.00 |
| 2025-08-08 | Roush John A | Option exercise | 939 | $37.29 |
| 2025-08-06 | LeMaitre George W | Sell | 100K | $93.51 |
| 2025-05-20 | LeMaitre George W | Sell | 1.1K | $84.69 |
| 2025-05-20 | LeMaitre George W | Sell | 3.3K | $85.24 |
| 2025-05-20 | LeMaitre George W | Option exercise | 7.1K | $47.19 |
| 2025-05-20 | LeMaitre George W | Option exercise | 6.2K | $54.65 |
| 2025-05-20 | LeMaitre George W | Option exercise | 5.8K | $35.48 |
| 2025-05-20 | LeMaitre George W | Option exercise | 7.8K | $37.29 |
| 2025-05-20 | LeMaitre George W | Option exercise | 7.7K | $48.60 |
| 2025-05-19 | LeMaitre George W | Sell | 5.7K | $84.94 |
| 2025-05-19 | LeMaitre George W | Sell | 71K | $85.86 |
| 2025-05-16 | LeMaitre George W | Sell | 19K | $84.77 |
| 2025-05-12 | Ross Bridget A | Sell | 3.8K | $83.20 |
| 2025-05-12 | Ross Bridget A | Option exercise | 3.8K | $30.00 |
| 2025-03-14 | Kamke Trent G | Option exercise | 1.4K | $35.48 |
| 2025-03-14 | Kamke Trent G | Option exercise | 1.2K | $37.29 |
| 2025-03-14 | Kamke Trent G | Option exercise | 127 | $48.60 |
| 2025-03-13 | Kamke Trent G | Sell | 4.0K | $79.59 |
| 2025-03-13 | Kamke Trent G | Sell | 500 | $80.25 |
| 2025-03-12 | Kamke Trent G | Sell | 2.0K | $82.12 |
| 2025-03-12 | Kamke Trent G | Option exercise | 2.0K | $23.56 |
| 2025-03-10 | LeBlanc Dorian Paul | Grant | 1.2K | — |
| 2025-03-07 | Roberts David B | Option exercise | 2.8K | $35.48 |
| 2025-03-04 | Jasinski Lawrence J | Sell | 3.1K | $92.00 |
| 2025-02-28 | Kamke Trent G | Option exercise | 2 | — |
| 2025-02-28 | Kamke Trent G | Tax withheld | 91 | $91.85 |
| 2025-02-28 | Pellegrino Joseph P JR | Grant | 685 | — |
| 2025-02-28 | Pellegrino Joseph P JR | Option exercise | 5 | — |
| 2025-02-28 | Pellegrino Joseph P JR | Tax withheld | 203 | $91.85 |
| 2025-02-28 | Roberts David B | Grant | 685 | — |
| 2025-02-28 | Roberts David B | Option exercise | 5 | — |
| 2025-02-28 | Roberts David B | Tax withheld | 203 | $91.85 |
| 2025-02-28 | LeMaitre George W | Grant | 1.5K | — |
| 2025-02-28 | LeMaitre George W | Option exercise | 11 | — |
| 2025-02-28 | LeMaitre George W | Tax withheld | 447 | $91.85 |
| 2025-02-28 | SHADAN MARTHA | Grant | 204 | — |
| 2025-02-28 | SHADAN MARTHA | Option exercise | 1 | — |
| 2025-02-28 | Roush John A | Grant | 204 | — |
| 2025-02-28 | Roush John A | Option exercise | 1 | — |
| 2025-02-28 | Ross Bridget A | Grant | 204 | — |
| 2025-02-28 | Ross Bridget A | Option exercise | 1 | — |
| 2025-02-28 | O'Connor John James | Grant | 204 | — |
| 2025-02-28 | O'Connor John James | Option exercise | 1 | — |
| 2025-02-28 | Jasinski Lawrence J | Grant | 204 | — |
| 2025-02-28 | Jasinski Lawrence J | Option exercise | 1 | — |
| 2025-02-28 | Kamke Trent G | Grant | 308 | — |
| 2025-02-18 | Roberts David B | Grant | 129 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-05 | 2026-06-02 | 0001193125-26-257978 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001193125-26-207500 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001193125-26-206578 ↗ |
| 8-K | 2026-04-14 | 2026-04-08 | 0001193125-26-153779 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001193125-26-073360 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001193125-26-071954 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001193125-25-270981 ↗ |
| 8-K/A | 2025-11-07 | 2025-06-02 | 0001193125-25-270458 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001193125-25-269454 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001437749-25-024936 ↗ |
| 8-K | 2025-08-05 | 2025-08-05 | 0001437749-25-024862 ↗ |
| 8-K | 2025-06-03 | 2025-06-02 | 0001437749-25-019314 ↗ |