Saturday 17 October 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. In the quarter to June 2026, revenue grew 12.0%, EPS grew 104.4% and free cash flow fell 134.7%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.
34.09
2.43
−6.65%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 8.33 | 16.51 | 22.87 | 24.15 | 21.19 | 65.37 | 37.61 | 36.01 | 38.82 | 23.91 |
Analyst estimates 2026–2028 Powerpack |
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| High | 17.98 | 34.77 | 39.75 | 50.35 | 77.44 | 124.79 | 104.64 | 66.98 | 69.16 | 55.64 | |||||
| People | |||||||||||||||
| People | Employees | 1,310 | 1,661 | 1,548 | 2,984 | 3,200 | 2,800 | 3,100 | 3,500 | 3,300 | 3,000 | ||||
| Revenue/emp, $m | 0.33 | 0.32 | 0.41 | 0.11 | 0.12 | 0.18 | 0.18 | 0.16 | 0.17 | 0.20 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 434 | 527 | 632 | 334 | 389 | 514 | 555 | 551 | 573 | 594 | ||||
| Gross margin, % | 36.10 | 37.70 | 38.96 | 40.28 | 44.31 | 47.46 | 46.01 | 43.38 | 44.40 | 45.52 | |||||
| EBT | (18) | 15 | 20 | (84) | (40) | (49) | (10) | (20) | (19) | (7) | |||||
| EBT margin, % | (4.18) | 2.75 | 3.24 | (25.12) | (10.37) | (9.53) | (1.79) | (3.63) | (3.34) | (1.20) | |||||
| Net income | (69) | 63 | 116 | 437 | 65 | 111 | 2,133 | (15) | (165) | (56) | |||||
| Depreciation | 28 | 28 | 38 | 56 | 66 | 66 | 52 | 78 | 201 | 60 | |||||
| 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 | ||||
| Earnings | (1.01) | 0.90 | 1.65 | 6.08 | 0.88 | 1.49 | 28.48 | (0.22) | (3.09) | (1.30) | |||||
| Cash flow | 0.58 | 1.38 | 1.05 | 1.26 | 0.51 | 2.02 | (6.22) | 0.09 | 0.94 | 1.58 | |||||
| Capex | (0.15) | (0.18) | (0.18) | (0.33) | (0.54) | (0.71) | (1.03) | (0.60) | (0.70) | (0.74) | |||||
| Free cash flow | 0.43 | 1.20 | 0.87 | 0.93 | (0.03) | 1.31 | (7.26) | (0.51) | 0.23 | 0.84 | |||||
| Book value | 8.08 | 8.73 | 10.18 | 15.82 | 16.50 | 17.85 | 44.91 | 38.25 | 33.25 | 37.75 | |||||
| Shares, m | 69 | 70 | 70 | 72 | 74 | 74 | 75 | 66 | 53 | 46 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 34.69 | 20.89 | 6.11 | 52.57 | 68.69 | 1.51 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 2.15 | 4.12 | 3.85 | 7.98 | 8.76 | 14.81 | 5.78 | 5.98 | 4.49 | 2.21 | |||||
| P/B | 1.68 | 3.57 | 3.38 | 2.34 | 2.80 | 5.74 | 0.95 | 1.30 | 1.46 | 0.76 | |||||
| EV/Sales | 1.97 | 3.94 | 3.77 | 7.13 | 8.24 | 14.45 | 2.35 | 4.22 | 3.82 | 1.72 | |||||
| EV/FCF | 28.95 | 24.87 | 38.81 | 35.52 | (1,556.10) | 76.49 | (2.41) | (69.20) | 177.53 | 26.63 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 40 | 96 | 74 | 91 | 38 | 150 | (466) | 6 | 50 | 72 | ||||
| Capex | (10) | (13) | (13) | (24) | (40) | (53) | (77) | (39) | (37) | (34) | |||||
| Free cash flow | 30 | 83 | 61 | 67 | (2) | 97 | (543) | (34) | 12 | 38 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 180 | 205 | 399 | 375 | 438 | 432 | 2,229 | 1,208 | 627 | 471 | ||||
| Total debt | — | — | 196 | 51 | 50 | 50 | 56 | 72 | — | — | |||||
| Net debt | (85) | (102) | (48) | (285) | (200) | (185) | (1,953) | (1,022) | (433) | (343) | |||||
| Shareholders’ equity | 554 | 608 | 718 | 1,139 | 1,214 | 1,325 | 3,363 | 2,535 | 1,768 | 1,727 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (9.62) | 8.62 | 12.52 | 33.50 | 4.22 | 6.56 | 77.06 | (0.44) | (6.61) | (2.68) | ||||
| ROIC | (2.27) | 1.77 | 2.93 | (3.47) | (2.26) | (1.70) | (1.10) | (2.53) | (2.40) | (1.21) | |||||
| ROE | (11.72) | 10.78 | 17.59 | 47.12 | 5.51 | 8.72 | 90.98 | (0.50) | (7.67) | (3.19) | |||||
Negative figures in brackets.
Fiscal years to Sep 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| NVST Envista Holdings Corporation | $3.8B | 38.8× | 24.4× | +7.10% (above 0%: growing) | +106.25% (above 0%: growing) | +37.57% (above 0%: growing) | 55.72% | 10.99% | Compare |
| PLSE Pulse Biosciences, Inc | $3.3B | — (loss-making) | — (loss-making) | +4,922.22% (above 0%: growing) | n/m | −45.39% (below 0%: shrinking) | 37.10% | (5,823.04%) | Compare |
| WRBY Warby Parker Inc. | $3.0B | 334× | 122× | +9.81% (above 0%: growing) | n/m | −71.75% (below 0%: shrinking) | 57.94% | 1.34% | Compare |
| ATRC AtriCure, Inc. | $2.9B | 259× | 591× | +12.83% (above 0%: growing) | n/m | −2.79% (below 0%: shrinking) | 77.23% | 6.29% | Compare |
| LMAT LeMaitre Vascular, Inc. | $1.9B | 27.9× | 31.5× | +9.57% (above 0%: growing) | +22.95% (above 0%: growing) | −27.95% (below 0%: shrinking) | 72.13% | 28.98% | Compare |
| XRAY DENTSPLY SIRONA Inc. | $1.8B | — (loss-making) | 27.0× | −4.06% (below 0%: shrinking) | n/m | +252.94% (above 0%: growing) | 54.90% | 9.13% | 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 | $1.1B | 304× | 103× | +111.04% (above 0%: growing) | n/m | +166.10% (above 0%: growing) | 74.55% | 10.80% | Compare |
| Median of peers | $2.4B | 259× | 67.3× | +11.32% | — | −10.27% | 57.22% | 7.71% |
Azenta, Inc. (AZTA) key facts
- Strength: Azenta, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $593.8 million, up 3.55% from fiscal 2024.
- Azenta, Inc. (AZTA) is a Medical Instruments & Supplies company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, AZTA traded at $34.09, a market capitalization of $1.6 billion.
- Return on equity was −3.19% and debt-to-equity 0.00.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.85 (safe zone) for fiscal 2025.