VCEL
Vericel Corporation
VCEL's fundamentals are strong and it looks cheap: trading at 88x earnings, about a third of its usual 280x. Analysts expect strong earnings growth.
VCEL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
VCEL's revenue, profitability, cash flow and balance sheet are all currently healthy.
VCEL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 67x | $57.42 | — |
| Current | 88x | $57.42 | — |
| Cheap | 106x | $68.69 | +20% |
| Fair | 277x | $180 | +214% |
| Expensive | 1,180x | $767 | +1236% |
Historical ranges are pointers, not guarantees.
VCEL's PE is in its cheap range at 88x. If earnings grow as analysts expect, today's price would be 67x next year's earnings.
VCEL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for VCEL, with profitability improving.
VCEL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.86 | +32% |
| Q3 2026 | $0.65 | +150% |
| Q2 2026 | $0.48 | +243% |
| Q1 2026 | $0.43 | +760% |
| Q4 2025 | $0.32 | +60% |
| Q3 2025 | $0.26 | +225% |
| Q2 2025 | $0.14 | +600% |
| Q1 2025 | $0.05 | +400% |
| Q4 2024 | $0.20 | +$0.27 |
VCEL's earnings per share have climbed steadily: $0.65 over the past year, up 150% from the year before, and higher year over year for 14 quarters in a row.
VCEL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $85.4M | +26% |
| Q2 2026 | $77.5M | +22% |
| Q1 2026 | $68.4M | +30% |
| Q4 2025 | $92.9M | +23% |
| Q3 2025 | $67.5M | +17% |
| Q2 2025 | $63.2M | +20% |
| Q1 2025 | $52.6M | +2.6% |
| Q4 2024 | $75.4M | +16% |
VCEL's revenue has grown year over year for 17 quarters in a row: $85M last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +9.2 points |
| Q2 2026 | 0.6% | +3.8 points |
| Q1 2026 | -12% | +13 points |
| Q4 2025 | 24% | -0.4 points |
| Q3 2025 | 5.1% | +9.4 points |
| Q2 2025 | -3.2% | +8.2 points |
| Q1 2025 | -24% | -14 points |
| Q4 2024 | 25% | +4.9 points |
VCEL's operating margin was 14% last quarter, up 9.2 points from the same quarter a year ago.
VCEL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $15.7M | -19% |
| Q2 2026 | $14.3M | +17504% |
| Q1 2026 | $15.1M | +$22.7M |
| Q4 2025 | $12.8M | +52% |
| Q3 2025 | $19.5M | +$28.7M |
| Q2 2025 | $81K | -95% |
| Q1 2025 | -$7.6M | -$797K |
| Q4 2024 | $8.5M | +276% |
VCEL generated $58M in free cash flow over the past year, up 184% from the year before.
VCEL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +650K shares |
| 1 year | +2% | +1.1M shares |
| 3 years | +11% | +5.3M shares |
| 5 years | +13% | +6.3M shares |
| Available history | +20% | +8.8M shares |
VCEL has 53M diluted shares, up 2% from a year ago.
VCEL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.3x | Net Cash |
| Q2 2026 | -4.0x | Net Cash |
| Q1 2026 | -3.9x | Net Cash |
| Q4 2025 | -4.4x | Net Cash |
| Q3 2025 | -5.9x | Net Cash |
| Q2 2025 | -8.5x | Net Cash |
| Q1 2025 | -18.4x | Net Cash |
| Q4 2024 | -7.4x | Net Cash |
VCEL has more cash than debt.
VCEL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 75.1 | Overbought |
| Stochastic | 69.5 | Neutral |
VCEL's weekly RSI is 75 (overbought) and its Stochastic is 70 (neutral).
VCEL PE vs Healthcare Sector
| Metric | VCEL | Sector median | Relative |
|---|---|---|---|
| PE | 88x | 26x | 242% above |
| PE % | 10 | 29 | 19 pts below |
VCEL is trading at 88x earnings, a 242% premium to the Healthcare sector's median of 26x.
VCEL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.4 | 29% above |
| 20 week MA | $43.9 | 31% above |
| 50 week MA | $39.0 | 47% above |
| 100 week MA | $41.0 | 40% above |
| 200 week MA | $40.5 | 42% above |
VCEL is in an uptrend: it's above all five of its weekly moving averages, and 42% above its 200-week average.
VCEL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.5 | $29.0 | +66% |
| 2021 | $29.0 | $41.6 | +44% |
| 2022 | $41.6 | $23.8 | -43% |
| 2023 | $23.8 | $35.6 | +49% |
| 2024 | $35.6 | $57.3 | +61% |
| 2025 | $57.3 | $37.7 | -34% |
| 2026 YTD | $37.7 | $57.4 | +52% |
VCEL has finished higher in four of the last six years, two of them by more than 50%. It's up 52% so far in 2026.