Cryoport, Inc. (CYRX) intrinsic value & 10-year financials
Cryoport, Inc. (CYRX) has a Graham intrinsic value of $46.50 per share. At $16.84 on Oct 17, 2026, the stock trades 64% below that value. Over the last 10 fiscal years revenue grew 45.9% a year to $176.2M, with an average return on invested capital of -630.1%.
- Graham intrinsic value
- $46.50
- Share price (Oct 17, 2026)
- $16.84
- Price vs Graham value
- 64% below
- Market cap
- $843.2M
- Revenue (FY2025)
- $176.2M
- Revenue growth (10-yr CAGR)
- 45.9%
- ROIC (10-yr avg)
- -630.1%
- Free cash flow (FY2025)
- -$25.0M
CYRX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $176.2M | $78.3M | $1.40 | -$25.0M | -20.9% | -10.4% |
| FY2024 | $228.4M | -$114.8M | -$2.49 | -$33.6M | -57.3% | -30.0% |
| FY2023 | $233.3M | -$99.6M | -$2.21 | -$39.5M | -49.4% | -22.6% |
| FY2022 | $237.3M | -$37.3M | -$0.93 | -$24.0M | -13.4% | -6.0% |
| FY2021 | $222.6M | -$275.5M | -$6.19 | -$15.8M | -8.0% | -4.0% |
| FY2020 | $78.7M | -$32.7M | -$1.94 | -$23.8M | -38.1% | -13.4% |
| FY2019 | $33.9M | -$18.3M | -$0.55 | -$6.7M | -52.1% | -41.9% |
| FY2018 | $19.6M | -$9.6M | — | -$6.3M | -44.0% | -690.1% |
| FY2017 | $12.0M | -$7.9M | — | -$5.3M | -66.0% | -2601.3% |
| FY2016 | $5.9M | -$9.8M | — | -$7.4M | -148.6% | -2881.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Cryoport, Inc. is a consistent compounder, expanding top-line revenue at 45.9% annually over the past decade.
Cryoport, Inc. has historically struggled to out-earn its cost of capital, averaging just -19.0% ROIC.
Cryoport, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Cryoport, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $46.50 per share.