Saturday 17 October 2026 Export MLAB’s income statement to Excel — free account

Mesa Laboratories, Inc.

MLAB Technology Scientific & Technical Instruments

Mesa Laboratories, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $249.1 million, up 3.38% from fiscal 2025. In the quarter to June 2026, revenue grew 1.00%, EPS fell 42.5%, free cash flow grew 1,503.7% and total debt rose 70.6%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

122.48 5.26 −4.12%

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Market cap: $714.8M
P/E: 142×
Fwd P/E: 76.4×
Dividend yield: 0.52%
F-score: 7/9
Altman Z: 1.45
Beneish M: −2.80
Dividend safety: 67/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.35

Total sells 1.57

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	3	—	—	—	—	2	—	—
Sell	—	—	—	—	—	—	—	6	—	1	—	—

Insider Ownership 5.25%

Capital & Financial Ratios $m

Market Cap 714.81

Revenue 249.73

Net Income 4.80

Free Cash Flow 52.87

Net Debt 112.17

Current Ratio 1.79

Debt/Equity 0.76

P/E ratio 142.42

Fwd P/E 76.40

P/S ratio 2.77

P/B ratio 3.67

Past 5Y EPS Growth 13.59%

This Y EPS Growth (10.69%)

Next Y EPS Growth 6.82%

Next Y revenue growth 2.12%

Next 5Y EPS Growth (5.81%)

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

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 57.96%

10-year low 10-year high

P/S against its own 10 years 20.64%

10-year low 10-year high

P/B against its own 10 years 43.27%

10-year low 10-year high

EV/Sales against its own 10 years 15.52%

10-year low 10-year high

EV/FCF against its own 10 years 5.85%

10-year low 10-year high

Dividends

Payout Ratio 0.76

Annual Dividend Rate 0.64

Annual Dividend Yield 0.52%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.64	0.16 0.16 0.16
2025	0.64	0.16 0.16 0.16 0.16
2024	0.64	0.16 0.16 0.16 0.16
2023	0.64	0.16 0.16 0.16 0.16
2022	0.64	0.16 0.16 0.16 0.16
2021	0.64	0.16 0.16 0.16 0.16
2020	0.64	0.16 0.16 0.16 0.16
2019	0.64	0.16 0.16 0.16 0.16
2018	0.64	0.16 0.16 0.16 0.16
2017	0.64	0.16 0.16 0.16 0.16
2016	0.64	0.16 0.16 0.16 0.16

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	28	27	27	31
Receivables	39	42	44	34
Inventory	33	25	26	27
Other	81	—	79	—
	109	103	106	103

	2024	2025	2026	Q'26
Payables	6	6	5	7
ST’ Debt	—	4	6	6
Other	15	15	15	15
	44	164	62	57

Compound Annual Growth %

	10y	5y	3y
Sales	11.40%	13.22%	4.38%
Cash Flow	9.74%	2.93%	15.24%
Earnings	(4.96%)	15.44%	93.25%
Book Value	8.20%	(14.44%)	(22.07%)

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	60	—	—	—	—
’26	60	61	65	64	249
’25	58	58	63	62	241
’24	51	53	53	59	216
’23	50	59	54	56	219
’22	35	36	55	59	184
’21	30	32	34	38	134

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	15	—	—	—	—
’26	2	8	19	14	43
’25	11	5	18	13	47
’24	10	10	12	13	44
’23	(3)	11	8	13	28
’22	10	4	16	9	39
’21	2	10	11	14	37

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	14	—	—	—	—
’26	1	7	18	14	40
’25	10	3	17	12	42
’24	10	9	10	12	42
’23	(3)	9	6	11	23
’22	9	3	14	9	35
’21	2	10	11	12	35

Fiscal quarters ending in the months shown.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	0.49	—	—	—	—
’26	0.85	0.45	0.65	(0.75)	1.21
’25	0.62	0.63	(0.31)	(1.31)	(0.36)
’24	(0.10)	(0.23)	0.39	(47.20)	(47.20)
’23	(0.27)	0.24	0.08	0.11	0.17
’22	0.38	0.70	(0.39)	(0.34)	0.35
’21	0.22	0.51	(0.89)	0.74	0.64

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	113.57	122.35	181.21	181.90	232.88	114.21	82.86	83.68	55.45	71.07	Analyst estimates 2027–2029 Powerpack
	High	169.81	224.95	268.47	292.19	333.42	332.95	206.36	141.17	155.12	144.35
People
People	Employees	381	366	347	460	506	681	698	736	730	717
	Revenue/emp, $m	0.25	0.26	0.30	0.26	0.26	0.27	0.31	0.29	0.33	0.35
Income, $m
Income, $m	Revenue	94	96	103	118	134	184	219	216	241	249
	Gross margin, %	56.84	56.79	59.06	55.54	64.97	59.18	61.02	61.64	62.61	63.53
	EBT	14	0	9	4	2	4	0	(276)	6	12
	EBT margin, %	15.26	0.31	8.36	3.28	1.72	1.94	(0.18)	(127.50)	2.47	4.82
	Net income	11	(3)	7	2	3	2	1	(254)	(2)	7
	Depreciation	9	23	14	21	17	11	33	307	26	23
Per share, $
Per share, $	Revenue	25.46	25.51	26.87	28.02	26.92	35.37	41.17	40.14	44.45	45.18
	Earnings	3.04	(0.79)	1.95	0.32	0.66	0.36	0.17	(47.20)	(0.36)	1.22
	Cash flow	4.70	6.82	7.96	6.43	7.45	7.53	5.26	8.19	8.63	7.77
	Capex	(3.15)	(0.44)	0.25	(0.35)	(0.40)	(0.85)	(0.85)	(0.48)	(0.83)	(0.59)
	Free cash flow	1.55	6.38	8.21	6.07	7.05	6.68	4.41	7.72	7.80	7.18
	Book value	26.59	26.36	28.99	52.38	81.65	75.56	73.95	26.99	29.48	33.78
	Shares, m	4	4	4	4	5	5	5	5	5	6
Valuation, ×
Valuation, ×	P/E	40.50	0.00	117.38	471.02	392.74	688.86	1,027.82	0.00	0.00	71.89
	P/S	4.82	5.58	8.52	8.07	9.04	7.21	4.24	2.79	2.67	1.96
	P/B	4.61	5.40	7.89	4.32	2.98	3.37	2.36	4.15	4.02	2.62
	EV/Sales	5.36	6.02	8.64	8.58	8.17	8.14	4.94	3.70	2.89	2.46
	EV/FCF	88.13	24.07	28.28	39.58	31.19	43.12	46.20	19.23	16.37	15.46
Cash, $m
Cash, $m	Operating cash flow	17	26	31	27	37	39	28	44	47	43
	Capex	(12)	(2)	1	(1)	(2)	(4)	(5)	(3)	(4)	(3)
	Free cash flow	6	24	32	26	35	35	23	42	42	40
Balance, $m
Balance, $m	Working capital	19	15	10	97	271	76	76	65	(61)	44
	Total debt	55	46	23	141	147	221	186	222	81	151
	Net debt	49	41	13	60	(117)	172	153	193	53	125
	Shareholders’ equity	98	99	111	220	406	394	393	145	160	186
Returns, %
Returns, %	ROA	6.73	(1.76)	4.66	0.63	0.65	0.29	0.14	(45.87)	(0.45)	1.56
	ROIC	6.95	0.97	4.94	1.77	2.67	0.52	0.38	(50.18)	4.79	3.72
	ROE	12.26	(3.00)	7.10	1.07	1.05	0.47	0.24	(94.36)	(1.29)	3.88

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NOVT Novanta Inc.	$5.1B	81.0×	62.9×	+10.27% (above 0%: growing)	+158.33% (above 0%: growing)	+391.84% (above 0%: growing)	45.49%	6.79%	Compare
VNT Vontier Corporation	$4.5B	13.7×	8.6×	−2.17% (below 0%: shrinking)	−67.74% (below 0%: shrinking)	+13.79% (above 0%: growing)	48.24%	19.39%	Compare
ITRI Itron, Inc.	$3.7B	13.6×	15.4×	−7.23% (below 0%: shrinking)	−19.33% (below 0%: shrinking)	−10.13% (below 0%: shrinking)	40.97%	13.51%	Compare
BMI Badger Meter, Inc.	$3.7B	29.6×	27.2×	−6.63% (below 0%: shrinking)	−13.56% (below 0%: shrinking)	−46.19% (below 0%: shrinking)	40.83%	17.71%	Compare
ITRN Ituran Location and Control Ltd.	$990.9M	15.3×	18.0×	+20.73% (above 0%: growing)	+31.34% (above 0%: growing)	+50.20% (above 0%: growing)	50.91%	22.67%	Compare
VPG Vishay Precision Group, Inc.	$853.3M	201×	149×	+11.67% (above 0%: growing)	n/m	−129.99% (below 0%: shrinking)	38.65%	(0.35%)	Compare
MLAB Mesa Laboratories, Inc.	$714.8M	142×	76.4×	+1.00% (above 0%: growing)	−42.53% (below 0%: shrinking)	+1,503.73% (above 0%: growing)	64.87%	11.69%
USBC USBC, INC.	$173.7M	— (loss-making)	—	−96.18% (below 0%: shrinking)	n/m	+689.02% (above 0%: growing)	0.00%	0.00%	Compare
SOTK Sono-Tek Corporation	$96.0M	50.0×	46.5×	+1.35% (above 0%: growing)	−22.33% (below 0%: shrinking)	+290.80% (above 0%: growing)	52.88%	7.29%	Compare
Median of peers	$2.3B	29.6×	27.2×	−0.41%	−16.44%	+32.00%	43.23%	10.40%

All 34 Scientific & Technical Instruments stocks →

Mesa Laboratories, Inc. (MLAB) key facts

Strength: Mesa Laboratories, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $249.1 million, up 3.38% from fiscal 2025.
Mesa Laboratories, Inc. (MLAB) is a Scientific & Technical Instruments company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, MLAB traded at $122.48, a market capitalization of $714.8 million.
Mesa Laboratories, Inc. pays an annual dividend of $0.64 per share, a yield of 0.52%, with a payout ratio of 76.2%.
Return on equity was 3.88% and debt-to-equity 0.76.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.45 (distress zone) for fiscal 2026.