Filing Flows › Conmed (CNMD) › How it makes money
How Conmed (CNMD) makes money
Conmed (CNMD) made $336M of revenue in the third quarter 2026 (Q3 2026), -0.7% from a year earlier. General Surgery brought in $187M (56%); Orthopedic Surgery brought in $149M (44%). Of every dollar of revenue, 56¢ was left as gross profit, 11¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| General Surgery | $187M | 55.6% | -2% | -7% |
| Orthopedic Surgery | $149M | 44.4% | -2% | +8% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $336M | 100.0% |
| Cost of revenue | $146M | 43.6% |
| Gross profit | $189M | 56.4% |
| Operating expenses | $152M | 45.3% |
| Operating profit | $37.1M | 11.1% |
| Income tax | $6.2M | 1.9% |
| Net earnings | $19.8M | 5.9% |
| Operating cash flow | $49.4M | 14.7% |
| Free cash flow | $46.7M | 13.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $336M | -0.7% |
| Q2 2026 | $343M | +0.3% |
| Q1 2026 | $317M | -1% |
| Q4 2025 | $373M | +8% |
| Q3 2025 | $338M | +7% |
| Q2 2025 | $342M | +3% |
| Q1 2025 | $321M | +3% |
From Conmed's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Conmed make money?
Conmed (CNMD) made $336M of revenue in the third quarter 2026 (Q3 2026), -0.7% from a year earlier. General Surgery brought in $187M (56%); Orthopedic Surgery brought in $149M (44%). Of every dollar of revenue, 56¢ was left as gross profit, 11¢ was left as operating profit, 6¢ was left as net earnings.
What is Conmed's biggest business?
General Surgery: $187M in the third quarter 2026, 56% of revenue, -7% from a year earlier.
What is Conmed's profit margin?
Net earnings were $19.8M, 5.9% of revenue, in the third quarter 2026; the operating margin was 11.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.