Revvity (RVTY) FY2025 results: revenue $2.9 billion, up 3.7% on the year
Revvity, Inc. (RVTY) reported revenue of $2.9 billion for fiscal 2025, the year ended 28 December 2025, up 3.7% on the year before. Net income was $241 million, down 10.8%, and diluted earnings per share $2.07. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2026.
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 6 new.
- Fourth quarter revenue rose 6%: Q4 revenue was $772 million, up from $729 million, with 4% organic growth. Full year revenue was $2,856 million, up from $2,755 million.
- Q4 adjusted EPS rose to $1.70: Q4 adjusted EPS from continuing operations was $1.70 against $1.42. GAAP EPS was $0.87 against $0.78.
- Diagnostics Q4 revenue rose: Diagnostics Q4 revenue was $390 million against $355 million. Full year revenue was $1,425 million against $1,356 million.
- Diagnostics margin fell on flat profit: Diagnostics Q4 adjusted operating income was $91 million, the same as a year earlier. Q4 margin was 23.4% against 25.7%; full year margin was 24.2% against 26.1%.
- Operating cash flow lower for year: Operating cash flow from continuing operations was $182 million in Q4 against $175 million, and $589 million for the year against $665 million.
From this 10-K
Revvity supplies health science technologies, expertise and services covering workflows from discovery to development and from diagnosis to cure. The filing names its focus areas as translational multi-omics technologies, biomarker identification, imaging, prediction, screening, detection and diagnosis, and informatics. Headquarters are in Waltham, Massachusetts, products and services are marketed in more than 160 countries, and the company employed approximately 11,000 people at 28 December 2025, roughly 80 percent of them outside the United States, with about 4,000 covered by employment contracts influenced by labour unions and workers' councils. The financial year ends in late December. There are two segments, Life Sciences and Diagnostics.
The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025
Income statement (profit and loss)
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Revenue | 2,856 | 2,755 | 2,751 | +3.7% | |
| Cost of revenue | 1,292 | 1,217 | 1,211 | +6.1% | |
| Gross profit | 1,564 | 1,538 | 1,540 | +1.7% | |
| Gross margin | 54.8% | 55.8% | 56.0% | ||
| Research and development | 216 | 197 | 217 | +9.7% | |
| Selling, general and administrative | 992 | 994 | 1,023 | -0.2% | |
| Operating income | 357 | 347 | 301 | +2.9% | |
| Operating margin | 12.5% | 12.6% | 10.9% | ||
| Interest expense | 92.2 | 96.3 | 98.8 | -4.3% | |
| Pre-tax income | 268 | 316 | 183 | -15.1% | |
| Income tax | 28.4 | 33.1 | 3.5 | -14.1% | |
| Effective tax rate | 10.6% | 10.5% | 1.9% | ||
| Net income | 241 | 270 | 693 | -10.8% | |
| Net margin | 8.4% | 9.8% | 25.2% | ||
| Diluted EPS | $2.07 | $2.20 | $5.55 | -5.9% |
Read more
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. 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.Cash flow
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Operating cash flow | 583 | 628 | 91.3 | -7.2% | |
| Capital expenditure | 73.5 | 86.6 | 81.4 | -15.1% | |
| Free cash flow | 509 | 542 | 9.9 | -6.0% | |
| Free cash flow margin | 17.8% | 19.7% | 0.4% | ||
| Cash from investing | -17.4 | 776 | 1,314 | ||
| Cash from financing | -858 | -1,128 | -947 | ||
| Depreciation and amortisation | 405 | 428 | 432 | -5.3% | |
| Share-based compensation | 22.8 | 37.8 | 41.4 | -39.6% | |
| Buybacks | 821 | 370 | 389 | +122.1% | |
| Dividends paid | 32.8 | 34.5 | 35.0 | -4.8% | |
| Dividend per share | $0.28 | $0.28 | $0.28 | 0.0% | |
| Diluted shares, weighted | 117m | 123m | 125m | -5.1% | |
| Shares outstanding at period end | 112m | 121m | 123m | -6.9% |
Balance sheet
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Shareholders' equity | 7,250 | 7,667 | 7,873 | -5.4% | |
| Debt | 3,239 | 3,172 | 3,927 | +2.1% | |
| Operating lease liabilities | 148 | 152 | 133 | -2.2% | |
| Other liabilities | 1,530 | 1,402 | 1,632 | +9.2% | |
| Total liabilities and equity | 12,168 | 12,392 | 13,565 | -1.8% | |
| Fixed assets | 479 | 482 | 510 | -0.6% | |
| Goodwill | 6,613 | 6,464 | 6,534 | +2.3% | |
| Intangible assets | 2,347 | 2,641 | 3,022 | -11.1% | |
| Investments | 28.0 | 27.4 | 704 | +2.0% | |
| Cash and equivalents | 920 | 1,163 | 913 | -20.9% | |
| Receivables | 745 | 632 | 633 | +17.8% | |
| Inventory | 379 | 368 | 428 | +3.2% | |
| Other assets | 657 | 615 | 821 | +6.8% | |
| Total assets | 12,168 | 12,392 | 13,565 | -1.8% |
10-K for the year ended 28 December 2025, filed 24 February 2026: the filing.