Valuation
Is the price right?3/3 inputs reported · High confidence
Helped by:
- ▲ Earnings yield
Behind the score
Sector-normalized EBITDA, earnings, and free cash flow yields.
Bringing the fundamentals into focus…
Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026
3/3 inputs reported · High confidence
Helped by:
Sector-normalized EBITDA, earnings, and free cash flow yields.
3/3 inputs reported · High confidence
Mixed versus peers:
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
3/3 inputs reported · High confidence
Stronger than most peers on:
Return on invested capital, operating margin, and return on assets.
3/3 inputs reported · High confidence
Weaker than most peers on:
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
No major changes
| Previous quarter | Latest quarter | Change | |
|---|---|---|---|
| Revenue (12 months) | 7.2B USD | 7.4B USD | +1.9% |
| Net income (12 months) | 1.4B USD | 1.4B USD | +1.8% |
| Operating margin | 21.5% | 22.2% | +0.7 pts |
| Free cash flow (12 months) | 1.1B USD | 1.3B USD | +16.6% |
| Debt | 3.4B USD | 3.9B USD | +17.7% |
| Cash | 1.8B USD | 1.8B USD | −2.7% |
| Shares outstanding | 282.4M | 281.9M | −0.2% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Valuations in Diagnostics & Research are within their usual range since Nov 2018.
| Key ratios | FY Oct 2021 | FY Oct 2022 | FY Oct 2023 | FY Oct 2024 | FY Oct 2025 | Change |
|---|---|---|---|---|---|---|
| Gross margin | 53.9% | 54.4% | 50.7% | 54.3% | 52.4% | ▼ 1.9 pts |
| Operating margin | 21.3% | 23.6% | 19.8% | 22.9% | 21.3% | ▼ 1.6 pts |
| Net margin | 19.1% | 18.3% | 18.1% | 19.8% | 18.8% | ▼ 1.0 pts |
| Return on assets (ROA) | 11.3% | 11.9% | 11.5% | 10.9% | 10.2% | ▼ 0.6 pts |
| Return on equity (ROE) | 22.5% | 23.6% | 21.2% | 21.9% | 19.3% | ▼ 2.5 pts |
| Free cash flow margin | 20.5% | 14.9% | 21.6% | 21.1% | 16.6% | ▼ 4.5 pts |
| Current ratio | 2.22× | 2.03× | 2.61× | 2.09× | 1.96× | ▼ 6.3% |
| Quick ratio | 1.74× | 1.47× | 1.97× | 1.58× | 1.52× | ▼ 3.5% |
| Debt to equity | 0.51× | 0.52× | 0.47× | 0.57× | 0.50× | ▼ 13% |
| Interest coverage | 16.63× | 19.26× | 14.21× | 15.50× | 13.21× | ▼ 15% |
Price history is added with the daily price update and will appear after the next one.