Friday 6 November 2026
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Azenta, Inc.
AZTA Healthcare Medical Instruments & Supplies
Azenta, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $593.8 million, up 3.55% from fiscal 2024.
- Revenue
- +12.0%
- EPS
- +104.4%
- Free cash flow
- −134.7%
Quarter to June 2026, against a year earlier
37.47
1.67
−4.27%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 434 | 527 | 632 | 334 | 389 | 514 | 555 | 551 | 573 | 594 | 614 | +3.5% | 615 | 639 | 677 | +4.5% | |
| Gross margin, % | 36.10 | 37.70 | 38.96 | 40.28 | 44.31 | 47.46 | 46.01 | 43.38 | 44.40 | 45.52 | 44.05 | +9.4 pt | ||||||
| EBT | (18) | 15 | 20 | (84) | (40) | (49) | (10) | (20) | (19) | (7) | (152) | (9.8%) | ||||||
| EBT margin, % | (4.18) | 2.75 | 3.24 | (25.12) | (10.37) | (9.53) | (1.79) | (3.63) | (3.34) | (1.20) | (24.81) | +3.0 pt | ||||||
| Net income | (69) | 63 | 116 | 437 | 65 | 111 | 2,133 | (15) | (165) | (56) | (123) | (2.4%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 6.34 | 7.58 | 8.96 | 4.64 | 5.28 | 6.92 | 7.42 | 8.32 | 10.78 | 12.98 | 13.55 | +8.3% | |||||
| Earnings | (1.01) | 0.90 | 1.65 | 6.08 | 0.88 | 1.49 | 28.48 | (0.22) | (3.09) | (1.22) | (2.67) | +2.1% | ||||||
| Cash flow | 0.58 | 1.38 | 1.05 | 1.26 | 0.51 | 2.02 | (6.22) | 0.09 | 0.94 | 1.58 | 0.84 | +11.8% | ||||||
| Capex | (0.15) | (0.18) | (0.18) | (0.33) | (0.54) | (0.71) | (1.03) | (0.60) | (0.70) | (0.74) | (0.62) | +19.7% | ||||||
| Free cash flow | 0.43 | 1.20 | 0.87 | 0.93 | (0.03) | 1.31 | (7.26) | (0.51) | 0.23 | 0.84 | 0.22 | +7.7% | ||||||
| Book value | 8.08 | 8.73 | 10.18 | 15.82 | 16.50 | 17.85 | 44.91 | 38.25 | 33.25 | 37.75 | 33.35 | +18.7% | ||||||
| Shares, m | 69 | 70 | 70 | 72 | 74 | 74 | 75 | 66 | 53 | 46 | 46 | (4.4%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 34.69 | 20.89 | 6.11 | 52.57 | 68.69 | 1.51 | 0.00 | 0.00 | 0.00 | 0.00 | 18.4 | |||||
| P/S | 2.15 | 4.12 | 3.85 | 7.98 | 8.76 | 14.81 | 5.78 | 5.98 | 4.06 | 2.21 | 2.76 | 6.0 | ||||||
| P/B | 1.68 | 3.57 | 3.38 | 2.34 | 2.80 | 5.74 | 0.95 | 1.30 | 1.32 | 0.76 | 1.12 | 2.4 | ||||||
| EV/Sales | 1.97 | 3.94 | 3.77 | 7.13 | 8.24 | 14.45 | 2.35 | 4.22 | 3.39 | 1.72 | 2.31 | 5.1 | ||||||
| EV/FCF | 28.95 | 24.87 | 38.81 | 35.52 | (1,556.10) | 76.49 | (2.41) | (69.20) | 157.54 | 26.63 | 143.59 | (123.9) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 40 | 96 | 74 | 91 | 38 | 150 | (466) | 6 | 50 | 72 | 38 | +6.9% | |||||
| Capex | (10) | (13) | (13) | (24) | (40) | (53) | (77) | (39) | (37) | (34) | (28) | +14.5% | ||||||
| Free cash flow | 30 | 83 | 61 | 67 | (2) | 97 | (543) | (34) | 12 | 38 | 10 | +2.9% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 180 | 205 | 399 | 375 | 438 | 432 | 2,229 | 1,208 | 627 | 471 | 409 | +11.3% | |||||
| Net debt | (85) | (102) | (48) | (285) | (200) | (185) | (1,953) | (1,022) | (433) | (343) | (328) | +16.8% | ||||||
| Shareholders’ equity | 554 | 608 | 718 | 1,139 | 1,214 | 1,325 | 3,363 | 2,535 | 1,768 | 1,727 | 1,510 | +13.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (9.62) | 8.62 | 12.52 | 33.50 | 4.22 | 6.56 | 77.06 | (0.44) | (6.61) | (2.68) | (6.31) | +6.9 pt | |||||
| ROIC | (2.27) | 1.77 | 2.93 | (3.47) | (2.26) | (1.70) | (1.10) | (2.53) | (2.40) | (1.21) | (9.27) | +1.1 pt | ||||||
| ROE | (11.72) | 10.78 | 17.59 | 47.12 | 5.51 | 8.72 | 90.98 | (0.50) | (7.67) | (3.19) | (7.72) | +8.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 1,310 | 1,661 | 1,548 | 2,984 | 3,200 | 2,800 | 3,100 | 3,500 | 3,300 | 3,000 | — | +9.6% | |||||
| Revenue/emp, $m | 0.33 | 0.32 | 0.41 | 0.11 | 0.12 | 0.18 | 0.18 | 0.16 | 0.17 | 0.20 | — | (5.6%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Sep 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Azenta, Inc. vs peers in Medical Instruments & Supplies (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PLSE Pulse Biosciences, Inc | $3.9B | — (loss-making) | — (loss-making) | +359.30% (above 0%: growing) | n/m | −1,180.54% (below 0%: shrinking) | 51.65% | (6,149.87%) | Compare |
| STVN Stevanato Group S.p.A. | $3.6B | 22.4× | 30.2× | +5.91% (above 0%: growing) | +17.53% (above 0%: growing) | +4,089.92% (above 0%: growing) | 29.12% | 18.51% | Compare |
| WRBY Warby Parker Inc. | $3.2B | 434× | 208× | +10.40% (above 0%: growing) | −20.00% (below 0%: shrinking) | −30.28% (below 0%: shrinking) | 54.41% | 1.45% | Compare |
| ATRC AtriCure, Inc. | $3.1B | 199× | 573× | +15.03% (above 0%: growing) | n/m | −0.73% (below 0%: shrinking) | 77.27% | 2.82% | Compare |
| XRAY DENTSPLY SIRONA Inc. | $2.0B | — (loss-making) | 24.5× | −7.52% (below 0%: shrinking) | n/m | −17.95% (below 0%: shrinking) | 52.99% | 4.43% | Compare |
| LMAT LeMaitre Vascular, Inc. | $1.9B | 29.7× | 28.2× | +11.34% (above 0%: growing) | −14.29% (below 0%: shrinking) | −25.78% (below 0%: shrinking) | 71.66% | 26.03% | Compare |
| KMTS Kestra Medical Technologies, Ltd. | $1.7B | — (loss-making) | — (loss-making) | +59.88% (above 0%: growing) | n/m | −17.75% (below 0%: shrinking) | 56.50% | (121.59%) | Compare |
| AZTA Azenta, Inc. | $1.6B | — (loss-making) | — (loss-making) | +12.04% (above 0%: growing) | n/m | −134.69% (below 0%: shrinking) | 44.89% | (2.59%) | |
| STAA STAAR Surgical Company | $1.3B | — (loss-making) | 84.4× | −11.95% (below 0%: shrinking) | −38.89% (below 0%: shrinking) | +1,378.70% (above 0%: growing) | 70.90% | 6.54% | Compare |
| Median of peers | $2.6B | 114× | 57.3× | +10.87% | −17.14% | −17.85% | 55.46% | 3.63% |
Pay and ownership Proxy statement filed 18 December 2025
Ownership
Directors and executive officers, together
10.90%
BlackRock, Inc.,
13.50%
The Vanguard Group, Inc.,
12.30%
Quentin Koffey
10.10%
Politan Capital Management LP,
10.00%
Dimensional Fund Advisors LP,
6.50%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement