Saturday 17 October 2026
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QIAGEN N.V.
QGEN Healthcare Diagnostics & Research
QIAGEN N.V.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 5.65% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 7.94%, free cash flow grew 30.5% and total debt rose 13.8%, each against the same quarter a year earlier.
46.13
0.04
−0.09%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 21.39 | 28.39 | 31.76 | 25.84 | 34.02 | 47.04 | 41.67 | 35.85 | 39.03 | 37.63 |
Analyst estimates 2026–2028 Powerpack |
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| High | 30.94 | 37.50 | 40.71 | 44.54 | 57.04 | 60.89 | 56.88 | 52.82 | 47.44 | 51.88 | |||||
| People | |||||||||||||||
| People | Employees | 4,684 | 4,688 | 4,952 | 5,096 | 5,610 | 6,000 | 6,178 | 5,967 | 5,765 | 5,654 | ||||
| Revenue/emp, $m | 0.29 | 0.30 | 0.30 | 0.30 | 0.33 | 0.38 | 0.35 | 0.33 | 0.34 | 0.37 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,338 | 1,418 | 1,502 | 1,526 | 1,870 | 2,252 | 2,142 | 1,965 | 1,978 | 2,090 | ||||
| Gross margin, % | 63.13 | 65.08 | 66.65 | 65.86 | 65.91 | 64.43 | 64.65 | 62.77 | 48.90 | 62.18 | |||||
| EBT | 57 | 114 | 226 | (78) | 439 | 626 | 513 | 430 | 121 | 490 | |||||
| EBT margin, % | 4.25 | 8.07 | 15.03 | (5.10) | 23.50 | 27.79 | 23.94 | 21.87 | 6.12 | 23.46 | |||||
| Net income | 80 | 40 | 190 | (41) | 359 | 513 | 423 | 341 | 84 | 425 | |||||
| Depreciation | 234 | 241 | 242 | 272 | 247 | 247 | 242 | 235 | 222 | 197 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 6.36 | 6.94 | 7.40 | 7.51 | 9.14 | 11.02 | 10.19 | 9.07 | 8.89 | 9.62 | ||||
| Earnings | 0.38 | 0.19 | 0.92 | (0.20) | 1.71 | 2.47 | 2.05 | 1.60 | 0.39 | 1.94 | |||||
| Cash flow | 1.62 | 1.40 | 1.77 | 1.63 | 2.24 | 3.13 | 3.40 | 2.12 | 3.03 | 3.01 | |||||
| Capex | (0.45) | (0.61) | (0.74) | (1.35) | (1.49) | (1.01) | (0.71) | (0.75) | (0.77) | (0.95) | |||||
| Free cash flow | 1.18 | 0.79 | 1.03 | 0.28 | 0.75 | 2.12 | 2.69 | 1.37 | 2.26 | 2.06 | |||||
| Book value | 12.39 | 12.44 | 12.98 | 12.49 | 13.67 | 15.16 | 16.49 | 17.57 | 16.02 | 17.39 | |||||
| Shares, m | 210 | 204 | 203 | 203 | 205 | 204 | 210 | 217 | 223 | 217 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 79.51 | 170.50 | 38.84 | 0.00 | 31.93 | 23.25 | 25.09 | 27.50 | 117.80 | 22.30 | ||||
| P/S | 4.76 | 4.66 | 4.81 | 4.64 | 5.97 | 5.20 | 5.06 | 4.97 | 5.01 | 4.67 | |||||
| P/B | 2.44 | 2.60 | 2.74 | 2.79 | 3.99 | 3.78 | 3.12 | 2.56 | 2.78 | 2.59 | |||||
| EV/Sales | 5.16 | 5.18 | 5.26 | 5.19 | 6.61 | 5.59 | 5.26 | 5.20 | 5.13 | 5.18 | |||||
| EV/FCF | 27.86 | 45.23 | 37.83 | 141.64 | 80.54 | 29.12 | 19.92 | 34.44 | 20.21 | 24.20 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 342 | 287 | 359 | 331 | 458 | 639 | 715 | 459 | 674 | 654 | ||||
| Capex | (94) | (124) | (151) | (275) | (304) | (207) | (149) | (163) | (171) | (207) | |||||
| Free cash flow | 248 | 162 | 209 | 56 | 154 | 432 | 566 | 297 | 502 | 447 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 729 | 1,323 | 1,183 | 619 | 1,052 | 592 | 1,419 | 1,068 | 918 | 1,483 | ||||
| Total debt | 1,072 | 1,768 | 2,174 | 1,706 | 1,923 | 1,942 | 1,861 | 1,510 | 1,392 | 1,654 | |||||
| Net debt | 540 | 744 | 678 | 840 | 1,208 | 876 | 443 | 452 | 239 | 556 | |||||
| Shareholders’ equity | 2,607 | 2,541 | 2,635 | 2,537 | 2,798 | 3,097 | 3,467 | 3,808 | 3,567 | 3,778 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 1.89 | 0.86 | 3.53 | (0.75) | 6.47 | 8.53 | 6.81 | 5.50 | 1.42 | 7.10 | ||||
| ROIC | 1.96 | 2.92 | 5.03 | (0.48) | 6.03 | 9.91 | 8.50 | 6.01 | 1.60 | 6.72 | |||||
| ROE | 3.11 | 1.57 | 7.36 | (1.60) | 13.47 | 17.39 | 12.90 | 9.38 | 2.27 | 11.57 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
QIAGEN N.V. vs peers in Diagnostics & Research (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 |
|---|---|---|---|---|---|---|---|---|---|
| MEDP Medpace Holdings, Inc. | $17.6B | 35.6× | 26.7× | +17.24% (above 0%: growing) | +36.39% (above 0%: growing) | −3.03% (below 0%: shrinking) | 71.36% | 20.76% | Compare |
| RVTY Revvity Inc. | $17.3B | 72.7× | 37.5× | +1.31% (above 0%: growing) | +2.17% (above 0%: growing) | +59.29% (above 0%: growing) | 57.13% | 12.24% | Compare |
| CRL Charles River Laboratories International, Inc. | $14.6B | — (loss-making) | 29.6× | −2.72% (below 0%: shrinking) | n/m | −12.22% (below 0%: shrinking) | 36.19% | 11.94% | Compare |
| ICLR ICON PLC | $13.5B | 254× | 23.8× | +1.20% (above 0%: growing) | −59.31% (below 0%: shrinking) | +109.66% (above 0%: growing) | 23.23% | 6.68% | Compare |
| QGEN QIAGEN N.V. | $9.5B | 23.6× | 17.5× | +0.28% (above 0%: growing) | +7.94% (above 0%: growing) | +30.45% (above 0%: growing) | 63.62% | 24.75% | |
| TWST Twist Bioscience Corporation | $9.5B | — (loss-making) | — (loss-making) | +23.24% (above 0%: growing) | n/m | −7.23% (below 0%: shrinking) | 52.76% | (30.65%) | Compare |
| GRAL GRAIL, Inc. | $6.1B | — (loss-making) | — (loss-making) | +25.72% (above 0%: growing) | n/m | −4.95% (below 0%: shrinking) | (28.12%) | (388.89%) | Compare |
| RDNT RadNet, Inc. | $5.5B | — (loss-making) | 279× | +24.99% (above 0%: growing) | −47.37% (below 0%: shrinking) | −43.22% (below 0%: shrinking) | 14.14% | 6.34% | Compare |
| SHC Sotera Health Company | $5.2B | 31.4× | 23.7× | +9.18% (above 0%: growing) | +533.33% (above 0%: growing) | +60.56% (above 0%: growing) | 55.38% | 33.23% | Compare |
| Median of peers | $11.5B | 54.1× | 28.2× | +13.21% | +2.17% | −3.99% | 44.48% | 9.31% |
QIAGEN N.V. (QGEN) key facts
- Strength: QIAGEN N.V.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 5.65% from fiscal 2024.
- QIAGEN N.V. (QGEN) is a Diagnostics & Research company in the Healthcare sector, listed on the New York Stock Exchange.
- As of October 16, 2026, QGEN traded at $46.13, a market capitalization of $9.5 billion.
- QIAGEN N.V. pays an annual dividend of $0.35 per share, a yield of 0.76%, with a payout ratio of 17.9%.
- Return on equity was 11.6% and debt-to-equity 0.49.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 3.81 (safe zone) for fiscal 2025.