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%
Market cap
$1.6B
P/E
0.0×
Fwd P/E
−6.2×
Dividend yield
—
F-score
7/9
Altman Z
3.85
Beneish M
−2.63
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.17
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 1 — 1 — — —
Sell — — — — — — — — — — — —
Insider Ownership 4.78%

Capital & Financial Ratios $m

Market Cap 1,600.00
Revenue 613.81
Net Income (122.90)
Free Cash Flow 9.88
Net Debt (328.21)
Current Ratio 2.50 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (6.20) (negative: loss-making)
P/S ratio 2.52
P/B ratio 1.02
Past 5Y EPS Growth —
This Y EPS Growth (36.00%) (below 0%: weak)
Next Y EPS Growth 60.09% (at or above 15%: strong)
Next Y revenue growth 3.58%
Next 5Y EPS Growth 12.53%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 19.87%
10-year low 10-year high
P/B against its own 10 years 16.44%
10-year low 10-year high
EV/Sales against its own 10 years 19.57%
10-year low 10-year high
EV/FCF against its own 10 years 90.15%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 0.40
0.10
0.10
0.10
0.10
2020 0.40
0.10
0.10
0.10
0.10
2019 0.40
0.10
0.10
0.10
0.10
2018 0.40
0.10
0.10
0.10
0.10
2017 0.40
0.10
0.10
0.10
0.10
2016 0.40
0.10
0.10
0.10
0.10
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,022 433 343 328
Receivables 157 178 152 150
Inventory 128 71 75 79
Other 13 99 74 71
1,419 833 708 681
2023 2024 2025 Q'26
Payables 36 33 38 39
ST’ Debt — — — —
Other 158 32 62 58
211 206 238 273

Compound Annual Growth %

10y 5y 3y
Sales 0.72% 8.85% 2.25%
Cash Flow 5.14% 13.77% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 10.57% 7.31% (19.92%)

Revenue $m

Dec Mar Jun Sep Year
’26 149 145 161 — —
’25 147 143 144 159 594
’24 142 136 144 151 573
’23 178 148 166 59 551
’22 140 146 133 138 555
’21 118 130 129 137 514
’20 211 220 220 (263) 389
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 21 14 1 — —
’25 30 14 26 2 72
’24 14 9 10 18 50
’23 (27) (12) 17 28 6
’22 16 (71) (420) 10 (466)
’21 44 34 45 27 150
’20 26 (66) 26 52 38
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 15 6 (5) — —
’25 22 7 15 (6) 38
’24 2 0 1 8 12
’23 (40) (21) 9 18 (34)
’22 (3) (101) (435) (4) (543)
’21 29 24 36 9 97
’20 16 (77) 18 42 (2)
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 (0.34) (3.49) 0.05 — —
’25 (0.29) (0.88) (1.15) 1.02 (1.30)
’24 (0.28) (2.47) (0.12) (0.10) (3.09)
’23 (0.15) (0.07) (0.02) 0.06 (0.22)
’22 0.58 28.15 (0.13) (0.28) 28.48
’21 0.35 0.32 0.53 0.29 1.49
’20 0.18 0.12 0.19 0.39 0.88
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten 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
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.

All 10 years →

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%

All 55 Medical Instruments & Supplies stocks →

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.

Source: company filings (standardised) and stockrow calculations.

Azenta, Inc. (AZTA) Latest News

24 Aug

11 Aug

Impact 4 · transcript

8 Jul

11 Feb

stockrow.com/AZTA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com