RadNet, Inc. (RDNT) intrinsic value & 10-year financials
RadNet, Inc. (RDNT) has a Graham intrinsic value of $0.85 per share. At $68.80 on Oct 17, 2026, the stock trades 7994% above that value. Over the last 10 fiscal years revenue grew 9.7% a year to $2.0B, with an average return on invested capital of 3.9%.
- Graham intrinsic value
- $0.85
- Share price (Oct 17, 2026)
- $68.80
- Price vs Graham value
- 7994% above
- Market cap
- $5.2B
- Revenue (FY2025)
- $2.0B
- Revenue growth (10-yr CAGR)
- 9.7%
- ROIC (10-yr avg)
- 3.9%
- Free cash flow (FY2025)
- $85.6M
RDNT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.0B | -$18.7M | -$0.25 | $85.6M | 3.0% | 3.8% |
| FY2024 | $1.8B | $2.8M | $0.04 | $45.0M | 5.7% | 2.9% |
| FY2023 | $1.6B | $3.0M | $0.05 | $44.3M | 6.1% | 2.9% |
| FY2022 | $1.4B | $10.7M | $0.17 | $27.0M | 3.2% | 1.6% |
| FY2021 | $1.3B | $24.7M | $0.46 | $11.6M | 6.3% | 4.8% |
| FY2020 | $1.1B | -$14.8M | -$0.29 | $139.6M | 3.3% | 4.6% |
| FY2019 | $1.0B | $14.8M | $0.29 | $30.2M | 6.8% | 6.1% |
| FY2018 | $868.7M | $32.2M | $0.66 | $44.6M | 3.6% | 4.3% |
| FY2017 | $922.2M | $53.0K | $0.00 | $80.9M | 5.4% | 3.9% |
| FY2016 | $884.5M | $7.2M | $0.15 | $32.4M | 4.4% | 3.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
RadNet, Inc. is a consistent compounder, expanding top-line revenue at 9.7% annually over the past decade.
RadNet, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.9% ROIC.
RadNet, 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, RadNet, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.85 per share.