CNMD
Strong BuyFull HouseAI neutralCONMED Corporation · Healthcare · United States · $1.5B cap · $19.3M/day traded
$49.25 -0.4% · close 23 Oct · scored 24 Oct
Full House: Strong business, sensible price, market agrees. The rare full house.
Report expected 28 Oct: the next-year EPS estimate has risen 1.3% over the last 14 weeks.
As of 24 Oct 2026, MoatMap's StockRank for CONMED Corporation (CNMD) is 92/100, ranked against 24,000+ stocks in 35 markets (Quality 55, Value 65, Momentum 75, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
CONMED makes orthopaedic and general surgery devices, and its AirSeal insufflation system is a differentiated product that recently won an expanded FDA indication for use with Intuitive's da Vinci 5 robot. Shares jumped almost 9% on second-quarter results and the stock trades at a modest valuation, around $1.4 billion in market value. But the company carries meaningful debt, has had supply and execution problems in recent years, and faces much larger competitors across its orthopaedic lines. The recovery is promising but not yet proven.
ABOUT CONMED CORPORATION
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CONMED Corporation is a global medical technology company specializing in the development and manufacture of surgical devices and equipment for minimally invasive procedures across various specialties. Its core products include solutions for arthroscopy, powered surgical instruments, and advanced energy, which address unmet clinical needs. The company's competitive edge lies in its innovation within niche surgical markets and its established relationships with surgical professionals worldwide.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.0B | 1.2B | 1.3B | 1.4B | 9.6% | 1.4B | 1.4B | 1.4B | 2.1% |
| EPS | -2.68 | 2.10 | 4.29 | 1.52 | -14.9% | 1.85 | 1.50 | 1.58 | 2.1% |
| Shares | 30.5M | 30.8M | 30.9M | 31.0M | +1.6% | 30.0M | — | — | — |
| Debt | 1.1B | 973.8M | 905.8M | 834.9M | -7.5% | 834.2M | — | — | — |
| Equity | 745.5M | 834.2M | 962.7M | 1.0B | 11.5% | — | — | — | — |
| Op CF | 33.4M | 125.3M | 167.0M | 170.7M | 72.3% | 150.6M | — | — | — |
| Inv CF | -249.5M | -20.0M | -13.1M | -21.0M | — | — | — | — | — |
| Fin CF | 225.0M | -110.4M | -151.0M | -135.8M | — | — | — | — | — |
Above its 200-day average and 8% below its 52-week high.
Swung more than 55% of stocks we rank over the past year (45% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Healthcare, ranked by industry match, size, and score similarity. Cross-listings of CNMD are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| CNMD | CONMED Corporation(you) | $1.5B | 92 | Strong Buy |
| BVS | Bioventus Inc. | $1.0B | 96 | Strong Buy |
| INSP | Inspire Medical Systems, Inc. | $2.1B | 82 | Strong Buy |
| UFPT | UFP Technologies, Inc. | $2.3B | 80 | Strong Buy |
| TCMD | Tactile Systems Technology, Inc. | $536M | 90 | Strong Buy |
| IRMD | IRADIMED CORPORATION | $1.1B | 75 | Buy |
| VREX | Varex Imaging Corporation | $782M | 76 | Buy |
| VMD | Viemed Healthcare, Inc. | $373M | 88 | Strong Buy |
| HAE | Haemonetics Corporation | $5.4B | 84 | Strong Buy |
| DCTH | Delcath Systems, Inc. | $500M | 78 | Buy |
Peer medians: ROE -31.5% · P/E 27.4x · Gross margin 63.3%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.