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Bio-Rad Laboratories, Inc. (BIO)

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Bio-Rad Laboratories, Inc. (BIO) reported revenue of $651 million for Q2 FY2026, the quarter ended 30 June 2026, down 0.1% on the same quarter a year earlier. Net income was $371 million, up 16.9% on the year, and diluted earnings per share $13.85. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$651 milliondown 0.1%
Net income$371 millionup 16.9%
Diluted EPS$13.85
QuarterQ2 FY2026ended 30 June 2026

Bio-Rad Laboratories (BIO) in brief

Bio-Rad Laboratories (BIO) reported revenue of $2.6 billion for fiscal 2025, the year ended 31 December 2025, up 0.7% on the year before.
Read moreNet income was $760 million and diluted earnings per share $27.85. Revenue was $2.6 billion in fiscal 2024, $2.7 billion in fiscal 2023, $2.8 billion in fiscal 2022 and $2.9 billion in fiscal 2021. Net income in the same years was a loss of $1.8 billion, a loss of $637 million, a loss of $3.6 billion and $4.2 billion. Over the twelve months to 30 June 2026, Bio-Rad Laboratories reported revenue of $2.6 billion and net income of $222 million. Revenue grew 0.3% a year, compounded, over the five years to fiscal 2025. At 30 June 2026 it carried $1.2 billion of debt and $517 million of cash. At the close of 8 October 2026 the market cap of Bio-Rad Laboratories was $9.7 billion, 43.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE3.1%
ROCE0.6%
Operating margin2.1%
Net margin8.6%
FCF margin13.6%
Interest cover1.09
Debt to equity0.17
Cash conversion2.21
Share count, 1 yearn/a
Sales CAGR, 3 years-2.7%
Profit CAGR, 3 yearsn/a
EPS, TTM$8.25

At the close of 8 October 2026

Price$360.40
Market cap$9.7 billion
Stock P/E43.68
Price to book1.35
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales3.73
52-week high$390.34
52-week low$241.71
Price, 1 year19.0%
Price CAGR, 3 years0.1%
Price CAGR, 5 years-13.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Bio-Rad Laboratories, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
BIOgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on BIO

Filings14 in twelve months: 6 current reports (8-K), about 5 regulation fd disclosure; 4 results of operations; 1 exit or disposal costs; 1 officer or director change; 1 shareholder vote
Planned insider sales5 Form 144 notices in twelve months, $1.0 million; latest 28 May 2026
Options tapeput/call 0.24 by open interest at the 8 October 2026 close; the straddle prices a 4.0% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Capital Research Global Investors; 2 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest998,654 shares short, 3.83 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue632681611638650668585652653693592651
Cost of revenue296315285283294326279306310348283305
Gross profit336366326355356342306345343345309346
Gross margin53%54%53%56%55%51%52%53%53%50%52%53%
R&D43.563.966.458.991.079.673.560.571.370.362.961.2
SG&A201207215195200204209208207221212212
Operating income90.995.344.610164.558.323.777.165.3-11934.172.6
Operating margin14%14%7%16%10%9%4%12%10%-17%6%11%
Interest expense12.412.412.312.312.112.212.012.612.312.112.312.1
Pre-tax income137428491-2,786862-90983.4414-431929-690542
Tax rate22%18%22%n/a24%n/a23%23%n/a23%n/a31%
Net income106350384-2,165653-71664.0318-342720-527371
Net margin17%51%63%-339%101%-107%11%49%-52%104%-89%57%
Diluted EPS$3.64$12.14$13.45-$76.26$23.34-$25.57$2.29$11.67-$12.70$26.65-$19.55$13.85
Operating cash flow97.781.069.897.616412413011612116510898.7
Capital expenditure44.142.240.242.340.242.934.445.731.745.830.032.0
Free cash flow53.638.829.655.412381.295.570.889.211978.166.7
Buybacks21.32004.710197.80.010214053.40.047.831.5
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023FY2024 †FY2025TTM
Revenue2,1752,0192,0682,1602,2892,3122,5462,9222,8022,6712,5662,5832,589
Cost of revenue9978989309721,0661,0551,1081,2841,2351,2441,1881,2431,246
Gross profit1,1791,1221,1381,1871,2231,2571,4381,6411,5671,4271,3791,3401,344
Gross margin54.2%55.5%55.0%55.0%53.4%54.4%56.5%56.1%55.9%53.4%53.7%51.9%51.9%
Research and development220193206250199203218261257247296276266
Selling, general and administrative808762815807835825800877828842814844852
Operating income15016755.7119-10323042150048333826947.253.1
Operating margin6.9%8.3%2.7%5.5%-4.5%9.9%16.6%17.1%17.2%12.6%10.5%1.8%2.1%
Interest expense22.121.723.423.024.023.421.91.638.149.448.949.048.8
Pre-tax income13214641.697.85132,2614,9185,449-4,704-850-2,342996350
Income tax42.736.615.6-24.41475021,1041,195-1,077-213-498236128
Effective tax rate32.5%25.1%37.4%-25.0%28.7%22.2%22.4%21.9%n/an/an/a23.7%36.5%
Net income88.810926.01223661,7593,8144,246-3,628-637-1,844760222
Net margin4.1%5.4%1.3%5.7%16.0%76.1%149.8%145.3%-129.5%-23.9%-71.9%29.4%8.6%
Diluted EPS$3.05$3.71$0.88$4.07$12.10$58.27$126.47$140.56-$121.79-$21.82-$65.36$27.85$8.25
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Clinical Diagnostics1,4891,5381,56260.5%
Life Science1,1781,0281,02139.5%
All Other Segments3.50.50.00.0%
Clinical DiagnosticsLife ScienceAll Other Segments
2,671FY20232,566FY20242,583FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States1,1221,0421,02339.6%
Europe82083488234.1%
Asia56352251319.9%
Other (primarily Canada and Latin America)1661691656.4%
United StatesEuropeAsiaOther (primarily Canada and Latin America)
2,671FY20232,566FY20242,583FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023FY2024 †FY2025TTM
Operating cash flow273186216104285458585669194375455532493
Capital expenditure12111214111113098.5109134113157166158140
Free cash flow15274.275.0-7.215635947653681.7218290375353
Free cash flow margin7.0%3.7%3.6%-0.3%6.8%15.5%18.7%18.3%2.9%8.2%11.3%14.5%13.6%
Cash from investing-191-167-214-176-187-209-69.9-797-1,20820.2-160-190-237
Cash from financing11.78.69.00.3-48.7-22.8-523-55.4974-426-219-283-121
Depreciation and amortisation150132143149138134139138137146152165n/a
Share-based compensation14.917.019.723.427.835.641.651.260.961.362.358.060.3
Buybacks0.00.00.02.948.928.010050.0216429204296133
Diluted shares, weighted29m29m30m30m30m30m30m30m30m29m28m27m27m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity2,1852,4852,5792,9304,0205,7559,88013,6679,6158,7416,5697,4547,174
Non-controlling interestn/a5.5n/an/an/an/an/an/an/an/an/an/an/a
Debt43643443443543913.612.310.51,1981,2101,2001,2031,204
Operating lease liabilitiesn/an/an/an/a0.0176175176154165131146133
Finance lease liabilitiesn/an/an/an/an/a11.211.010.510.19.69.28.78.4
Other liabilities7207878379081,1522,0532,8943,9122,5252,1731,4541,7661,733
Total liabilities and equity3,3413,7123,8514,2735,6118,00912,97317,77613,50212,2999,36410,57610,252
Owned
Fixed assets429438489493509499491512499529528540n/a
Goodwill500496477506220264292347406414410580574
Intangible assets254214162174133146199254332321294174160
Investments6741,0491,2141,3993,0695,0929,89014,78610,1878,9016,0167,1146,825
Trading assetsn/an/an/an/an/an/a0.0443323326318373370
Cash and equivalents413458456384432661662471434404488530517
Receivables378391372465392393419424495489452461442
Inventory471490525595584554622572719781760741781
Other assets222176156257273400396n/a10613698.263.5583
Total assets3,3413,7123,8514,2735,6118,00912,97317,77613,50212,2999,36410,57610,252
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded2.5%0.3%-2.7%1.4%
Profit growth, compounded21.4%-27.6%n/a-30.3%
Return on equity, average5.2%-6.4%-8.4%10.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Measuring and Control Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Agilent Technologies, Inc. A$47.4 billion33.1019.6%22.2%8.6%0.490.6%
Waters Corp. WAT$42.2 billion107.021.1%7.1%52.5%0.32n/a
Illumina, Inc. ILMN$40.0 billion49.3629.1%19.7%4.9%0.53n/a
Mettler Toledo International Inc/ MTD$33.2 billion34.427,062.4%n/a6.9%164.70n/a
Revvity, Inc. RVTY$17.1 billion73.143.3%12.3%4.1%0.450.2%
Onto Innovation Inc. ONTO$14.9 billion96.948.1%13.8%8.0%0.00n/a
Trimble Inc. TRMB$14.0 billionn/a-2.0%17.0%5.8%0.29n/a
Avantor, Inc. AVTR$10.5 billionn/a-10.3%-4.6%-1.6%0.66n/a
Cognex Corp. CGNX$10.2 billion59.1410.7%21.9%17.1%0.000.6%
Bio-Rad Laboratories, Inc. BIO$9.7 billion43.683.1%2.1%1.4%0.17n/a
Bruker Corp. BRKR$8.8 billionn/a-3.0%-0.9%1.6%0.760.3%
Sensata Technologies Holding plc ST$6.1 billion70.383.0%7.5%0.8%0.820.8%
All 26 in Measuring and Control Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
KLA Corp. KLAC$257.1 billion53.6576.1%n/a11.7%0.930.4%
Thermo Fisher Scientific Inc. TMO$241.1 billion35.0713.2%17.6%7.2%0.800.3%
Danaher Corp. DHR$152.9 billion38.637.6%20.4%4.6%0.51n/a
Trane Technologies plc TT$103.4 billion35.6034.2%17.9%7.0%0.460.8%
Keysight Technologies, Inc. KEYS$63.8 billion51.3219.2%20.3%25.5%0.38n/a
Teradyne, Inc. TER$62.4 billion54.6933.5%30.2%57.9%0.000.1%
Coherent Corp. COHR$59.2 billion73.567.4%11.9%22.5%0.30n/a
AMETEK Inc/ AME$56.7 billion36.1914.0%25.9%12.7%0.090.2%
Rockwell Automation, Inc. ROK$48.2 billion40.6934.4%22.7%11.3%0.741.2%
Agilent Technologies, Inc. A$47.4 billion33.1019.6%22.2%8.6%0.490.6%
Waters Corp. WAT$42.2 billion107.021.1%7.1%52.5%0.32n/a
Illumina, Inc. ILMN$40.0 billion49.3629.1%19.7%4.9%0.53n/a
Roper Technologies Inc. ROP$36.0 billion15.0913.4%28.0%10.9%0.570.9%
Mettler Toledo International Inc/ MTD$33.2 billion34.427,062.4%n/a6.9%164.70n/a
Veralto Corp. VLTO$23.4 billion24.1731.9%22.7%6.2%1.09n/a
MKS Inc. MKSI$17.6 billion41.5314.7%15.7%16.3%0.850.4%
Revvity, Inc. RVTY$17.1 billion73.143.3%12.3%4.1%0.450.2%
Fortive Corp. FTV$17.1 billion33.388.8%18.2%5.6%0.580.5%
Onto Innovation Inc. ONTO$14.9 billion96.948.1%13.8%8.0%0.00n/a
Trimble Inc. TRMB$14.0 billionn/a-2.0%17.0%5.8%0.29n/a
Avantor, Inc. AVTR$10.5 billionn/a-10.3%-4.6%-1.6%0.66n/a
Cognex Corp. CGNX$10.2 billion59.1410.7%21.9%17.1%0.000.6%
Bio-Rad Laboratories, Inc. BIO$9.7 billion43.683.1%2.1%1.4%0.17n/a
Bruker Corp. BRKR$8.8 billionn/a-3.0%-0.9%1.6%0.760.3%
Sensata Technologies Holding plc ST$6.1 billion70.383.0%7.5%0.8%0.820.8%
Vontier Corp. VNT$4.4 billion13.3629.2%18.8%0.9%1.340.3%
7 companies share its SEC industry code (Laboratory Analytical Instruments); the rest are the names nearest in size in its wider industry, Measuring and Control Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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