Illumina, Inc. ILMN

270.00 (3.90) (1.42%) as of 25 Sep
Market cap
$41.3B
P/E
50.4×
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Illumina, Inc. (ILMN) Price to free cash flow

As of 25 September 2026, Illumina, Inc. (ILMN) trades at a price to free cash flow of 44.9×. Over the past ten years it has ranged from 0.0× (September 2023) to 868× (August 2022); the current reading is higher than 34% of that period. That is above the Diagnostics & Research industry median of 34.0× and above the Healthcare sector median of 19.5×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 22.2× (26.15%)
FY2024 30.1× (60.07%)
FY2023 75.3× —
FY2022 0.0× —
FY2021 171× 184.32%
FY2020 60.3× 5.31%
FY2019 57.2× 11.14%
FY2018 51.5× (10.68%)
FY2017 57.6× 56.07%
FY2016 36.9× (17.18%)

Quarterly

Period Price to free cash flow Change
Jun 2026 29.0× 47.39%
Mar 2026 19.7× (11.40%)
Dec 2025 22.2× 50.45%
Sep 2025 14.8× 0.06%
42 more quarters

Against its own ten years

Low 0.0× High 868×
Ten-year median 54.4×
Current reading's percentile 34

Price to free cash flow against peers

Company Price to free cash flow
GH Guardant Health, Inc. compare n/m
DGX Quest Diagnostics Incorporated compare 19.4×
IQV IQVIA Holdings Inc. compare 19.9×
IDXX IDEXX Laboratories, Inc. compare 33.1×
MTD Mettler-Toledo International, Inc. compare 35.2×
A Agilent Technologies, Inc. compare 38.4×
ILMN Illumina, Inc. 44.9×
WAT Waters Corporation compare 116×
NTRA Natera, Inc. compare 702×
Diagnostics & Research industry median 34.0×
Healthcare sector median 19.5×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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