Bioventus Inc.
Rank #58ValueBVS · Nasdaq · Healthcare
Bioventus Inc. (BVS) — Rank #58 by gross profitability (GP/assets 0.58) · ROE 10.0% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0001665988 · all metrics point-in-time as of the filing date.
About
Bioventus Inc., a medical device company, focuses on relieving pain and addressing musculoskeletal therapies in the United States and internationally.
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The company's product portfolio includes pain treatments, which comprise various intra-articular and hyaluronic acid injections; peripheral nerve stimulation products, such as Durolane, GELSYN-3, and SUPARTZ for the treatment of knee osteoarthritis; and Stimrouter to treat chronic peripheral pain, and TalisMann provides stimulation to the targeted peripheral nerve, as well as XCELL PRP System, a benchtop device that processes whole blood to produce high-yield PRP with a 10-minute single-spin cycle. It also offers precision bone resection for patients with degenerative spine conditions and spinal deformities, as well as enables precision ultrasonic neuro and general surgery to address brain tumors and pathologies of the liver and other organs; and bone graft substitutes, including various products that facilitate optimal bone fusion. In addition, the company provides neXus, an ultrasonic surgical system; BoneScalpel, a surgical solution enabling precise cuts in hard tissue; BoneScalpel Access, for bone removal with visualization; SonaStar system, a precise ablation and removal of soft tissue; SonaStar Elite handpiece and accessories; SonicOne, an ultrasonic cleansing and debridement system; Osteoamp, an allograft-derived bone graft for orthopedic, neurosurgical, and reconstructive bone grafting procedures; Signafuse bone graft; Purebone, a natural osteoconductive scaffold; and Reficio demineralized bone matrix. The company's restorative therapies include minimally invasive fracture treatments and rehabilitation products. Its products also include Exogen, an ultrasound bone stimulation system. The company sells its products to healthcare institutions, physicians, patients, distributors and dealers. Bioventus Inc.
was founded in 2011 and is headquartered in Durham, North Carolina.
- Industry
- Medical Devices
- Sector
- Healthcare
- State
- DE
- Filer Category
- Accelerated filerEmerging growth company
- Fiscal Year End
- December 31
- Website
- bioventus.com
Price History
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
$880.45M
P/E (annual)
39.1
P/S (annual)
1.5
P/B
3.9
P/OCF (annual)
11.8
Shareholder Yield
-6.8%
Employees
950
Industry
Medical Devices
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
0/2 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
1.1%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 6.8% — per-share value needs a total required return of 7.8% once share-count change is priced in.
vs. own 6-year median revenue growth: 15.4%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-2.8%
r = 10% (base)
1.1%
r = 12%
4.4%
Net debt / market cap: 24.3%
Note: current FCF margin is 1.7σ above its historical mean — implied growth may understate valuation risk if the margin reverts.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Gross profitability (GP / assets)
0.58
Primary signal (Novy-Marx).
6th of 17 SIC 3841 peers
Return on equity
10.0%
Gross margin
68.3%
7th of 17 SIC 3841 peers
Revenue growth (YoY)
-0.9%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
3.5%
Revenue CAGR (5Y)
12.1%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.43
14th of 16 SIC 3841 peers (best = lowest)
Current ratio
1.69×
16th of 17 SIC 3841 peers
Quick ratio
1.10×
Net cash
-$215.49M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$72.11M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
2.17
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
2.2%
Stock-based comp intensity.
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).