Lantheus Holdings, Inc. (LNTH) intrinsic value & 10-year financials
Lantheus Holdings, Inc. (LNTH) has a Graham intrinsic value of $113.27 per share. At $99.70 on Oct 17, 2026, the stock trades 12% below that value. Over the last 10 fiscal years revenue grew 19.9% a year to $1.5B, with an average return on invested capital of 23.5%.
- Graham intrinsic value
- $113.27
- Share price (Oct 17, 2026)
- $99.70
- Price vs Graham value
- 12% below
- Market cap
- $6.8B
- Revenue (FY2025)
- $1.5B
- Revenue growth (10-yr CAGR)
- 19.9%
- ROIC (10-yr avg)
- 23.5%
- Free cash flow (FY2025)
- $390.1M
LNTH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.5B | $233.6M | $3.41 | $390.1M | 20.2% | 22.7% |
| FY2024 | $1.5B | $312.4M | $4.36 | $463.8M | 29.8% | 47.1% |
| FY2023 | $1.3B | $326.7M | $4.65 | $259.9M | 28.1% | 46.2% |
| FY2022 | $935.1M | $28.1M | $0.40 | $21.8M | 3.9% | 6.3% |
| FY2021 | $425.2M | -$71.3M | -$1.06 | $41.8M | -14.3% | -9.4% |
| FY2020 | $339.4M | -$13.5M | -$0.25 | $3.9M | -1.2% | -0.9% |
| FY2019 | $347.3M | $31.7M | $0.79 | $58.3M | 14.9% | 23.4% |
| FY2018 | $343.4M | $40.5M | $1.03 | $41.1M | 18.8% | 24.0% |
| FY2017 | $331.4M | $123.4M | $3.17 | $37.2M | 15.6% | 30.9% |
| FY2016 | $301.9M | $26.8M | $0.82 | $42.2M | 18.7% | 44.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Lantheus Holdings, Inc. is a consistent compounder, expanding top-line revenue at 19.9% annually over the past decade.
Lantheus Holdings, Inc. has earned high returns on invested capital, averaging 23.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Lantheus Holdings, 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, Lantheus Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $113.27 per share.