# Shoulder Innovations Inc. (SI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Banks. Price $20.32, market value $423 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Shoulder Innovations Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 7.0×**. Each dollar of revenue is priced at 7.0×.
- **Price / book: 3.4×**. The shares trade at 3.4× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -11.1%** (5-yr avg -29.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 77.3%**. Shoulder Innovations Inc. keeps 77.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -58.5%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -85.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -28.7%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -21.6%**. Return on all capital, debt included, is -21.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -20.6%**. Each dollar of assets produces -20.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 49.6%**. Revenue grew 49.6% over the last year.
- **EPS growth (1 yr): 98.1%**. Earnings per share rose 98.1%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $27 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Shoulder Innovations Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 33.2%** (YTD 42.1%, 3-mo 42.3%). The shares are up 33.2% over twelve months including dividends.
- **From 52-week high: -17.4%** (86.1% above the low). Trading 17% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.37** (volatility 73%). Beta of 0.37 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SI · Page: https://foliofundamentals.com/stocks/si

Not investment advice.