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Bruker

BRKR Nasdaq Health Care Equipment Financials FY2016–FY2025

Bruker's revenue rose 2.1% to $3.4 billion in fiscal 2025. Its operating margin was 2.0%, down from 7.5% a year earlier. Free cash flow was $43 million, down 68.2%. It paid out $33 million in dividends and buybacks, 76% of free cash flow. The diluted share count rose 1.5%.

Last close · Oct 23, 2026

$57.59

0.5%
Value it Compare
Revenue Total sales reported in the income statement.
$3.4B
2.1% vs prior year
Operating margin Operating income as a share of revenue.
2.0%
5.5 pts
Net income Profit after all expenses, interest and tax.
−$8.6M
107.6%
Free cash flow Cash from operations minus capital spending.
$43.3M
68.2%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
0.9%
3.9 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$8.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What Bruker does

No business description yet.

Legal name
BRUKER CORPORATION
Fiscal year ends
December 31, 2025
Latest annual report
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Accession · CIK
0001193125-26-082523
0001109354

Revenue and margins

Bruker had $3.4B of revenue in fiscal 2025, up 2.1% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $43.3M in fiscal 2025, 1.3% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Bruker returned $32.8M to shareholders in fiscal 2025, 76% of free cash flow. The diluted share count rose 1.5%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Bruker yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

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Adds net cash of −$1.6B and divides by 151.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Bruker can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $1.2B$646M$488M$183M$299M
Debt incl. finance leases $1.3B$1.2B$1.3B$2.1B$1.9B
Net debt / EBITDA 0.3x1.1x1.5x4.4x5.5x
Debt / equity 1.3x1.1x1.0x1.2x0.8x
Interest coverage 28.9x26.9x26.6x5.3x1.1x
Current ratio 2.6x2.3x1.8x1.6x1.7x
Quick ratio 1.9x1.4x1.0x0.8x0.9x
Total assets $3.7B$3.6B$4.2B$5.8B$6.2B
Total liabilities $2.6B$2.5B$2.8B$4.0B$3.7B
Shareholders' equity $1.1B$1.1B$1.4B$1.8B$2.5B
Net debt (− = net cash) $170M$588M$814M$1.9B$1.6B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$3.1M

2 insiders

Of sales under plans

94%

$2.9M

DateInsiderTradeSharesPriceValueFiling
Sep 15, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 2,000 $52.87 $0.1M Form 4
Aug 17, 2026 Wolfgang PuschPresident BMID Group Sold 3,473 $56.90 $0.2M Form 4
Aug 14, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 2,000 $57.60 $0.1M Form 4
Jul 15, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 2,000 $60.25 $0.1M Form 4
Jun 15, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 2,000 $54.76 $0.1M Form 4
May 15, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 2,000 $43.90 $0.1M Form 4
Apr 15, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 2,000 $39.90 $0.1M Form 4
Mar 13, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 2,000 $35.44 $0.1M Form 4
Feb 13, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 2,000 $36.94 $0.1M Form 4
Jan 15, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 2,000 $49.20 $0.1M Form 4
Jan 12, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 7,000 $55.00 $0.4M Form 4
Jan 5, 2026 Mark MunchExec Vp&pres Bruker Nano Inc. Sold plan 33,843 $49.66 $1.7M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✕
Cash from operations exceeds net income ✕ ✓ ✓
Debt fell relative to assets ✓ ✕ ✓
Current ratio rose ✕ ✕ ✓
Share count didn't rise ✓ ✕ ✕
Gross margin rose ✕ ✕ ✕
Revenue rose relative to assets ✓ ✕ ✕
F-score 6 / 93 / 94 / 9
Accruals ratio 2.0%−2.8%−2.4%
Altman Z'' 4.472.992.98

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Bruker BRKR $8.8B 2.1% 2.0% 1.3% 0.9% — 4
AdaptHealth AHCO $819M −0.5% 2.8% 6.8% 2.1% — 4 Compare →
Globus Medical GMED $11.2B 16.7% 16.3% 20.0% 11.0% 20.9x 9 Compare →
Revvity RVTY $17.7B 3.7% 12.5% 17.8% 3.3% 76.0x 5 Compare →
Idexx Laboratories IDXX $44.4B 10.4% 31.6% 24.6% 57.3% 39.4x 8 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.6B $1.8B $1.9B $2.1B $2.0B $2.4B $2.5B $3.0B $3.4B $3.4B
Gross profit $745M $816M $900M $995M $940M $1.2B $1.3B $1.5B $1.6B $1.6B
Research and development $148M $162M $173M $188M $198M $221M $236M $295M $377M $395M
Operating income $182M $220M $262M $301M $248M $413M $433M $437M $253M $68.2M
Interest expense $13.2M $15.4M $12.6M $16.0M $14.4M $14.3M $16.1M $16.4M $47.9M $60.3M
Pretax income $178M $198M $245M $280M $226M $394M $414M $544M $207M $22.0M
Income tax $23.1M $118M $63.7M $82.4M $64.4M $113M $116M $118M $91.4M $29.3M
Net income $154M $78.6M $180M $197M $158M $277M $297M $427M $113M −$8.6M
Diluted EPS $0.95 $0.49 $1.14 $1.26 $1.02 $1.81 $1.99 $2.90 $0.76 −$0.15
Diluted shares 0.16B 0.16B 0.16B 0.16B 0.15B 0.15B 0.15B 0.15B 0.15B 0.15B
Cash flow
Cash from operations $131M $154M $240M $213M $332M $282M $274M $350M $251M $134M
Capital expenditure $37.1M $43.7M $49.2M $73.0M $97.2M $92.0M $129M $107M $115M $90.8M
Free cash flow $93.7M $111M $191M $140M $235M $190M $145M $243M $136M $43.3M
Depreciation and amortization $54.3M $63.9M $64.9M $75.6M $80.4M $89.1M $88.8M $115M $184M $220M
Stock-based compensation $9.4M $11.0M $11.3M $9.6M $16.0M $17.2M $27.7M $30.9M $25.3M $20.2M
Acquisitions $24.3M $66.3M $192M $90.0M $59.2M $65.0M $182M $227M $1.6B $73.9M
Share buybacks $160M $152M $0.0M $142M $123M $153M $263M $152M $0.0M $10.0M
Dividends paid $25.8M $25.4M $25.1M $25.0M $24.6M $24.2M $29.8M $29.4M $30.2M $22.8M
Dividends and buybacks $186M $178M $25.1M $167M $148M $178M $293M $182M $30.2M $32.8M
Balance sheet
Cash and short-term investments $342M $439M $322M $685M $732M $1.2B $646M $488M $183M $299M
Total debt $412M $416M $341M $813M $845M $1.3B $1.2B $1.3B $2.1B $1.9B
Finance lease liabilities $0.0M $0.0M $0.0M $1.5M $3.4M $4.3M $14.1M $20.9M $17.5M $19.0M
Current assets $1.3B $1.4B $1.3B $1.8B $1.9B $2.5B $2.1B $2.2B $2.1B $2.2B
Current liabilities $525M $525M $599M $646M $792M $939M $914M $1.2B $1.3B $1.3B
Inventory $440M $486M $510M $577M $692M $710M $800M $968M $1.1B $1.1B
Property and equipment, net $239M $267M $271M $306M $396M $406M $487M $600M $669M $745M
Total assets $1.8B $1.9B $2.1B $2.8B $3.0B $3.7B $3.6B $4.2B $5.8B $6.2B
Total liabilities $1.1B $1.2B $1.2B $1.9B $2.1B $2.6B $2.5B $2.8B $4.0B $3.7B
Shareholders' equity $686M $725M $897M $907M $961M $1.1B $1.1B $1.4B $1.8B $2.5B
Margins
Gross margin 46.3% 46.2% 47.5% 48.0% 47.3% 50.0% 51.6% 51.1% 49.0% 45.9%
Operating margin 11.3% 12.4% 13.8% 14.5% 12.5% 17.1% 17.1% 14.7% 7.5% 2.0%
EBITDA margin 14.7% 16.1% 17.3% 18.2% 16.5% 20.8% 20.6% 18.6% 13.0% 8.4%
Net margin 9.5% 4.5% 9.5% 9.5% 7.9% 11.5% 11.7% 14.4% 3.4% −0.3%
FCF margin 5.8% 6.3% 10.1% 6.8% 11.8% 7.9% 5.7% 8.2% 4.0% 1.3%
Returns
Return on capital 21.2% 14.9% 23.8% 21.6% 16.6% 25.1% 21.0% 17.5% 4.8% 0.9%
Return on capital employed 14.8% 16.2% 17.8% 16.5% 11.3% 16.6% 16.0% 15.2% 6.7% 1.4%
Return on equity 21.8% 11.1% 22.2% 21.9% 16.9% 27.3% 27.2% 34.3% 7.2% −0.4%
Return on assets 8.7% 4.2% 8.8% 8.1% 5.4% 8.3% 8.2% 10.9% 2.3% −0.1%
Growth
Revenue growth −0.8% 9.6% 7.3% 9.3% −4.1% 21.7% 4.7% 17.1% 13.6% 2.1%
Net income growth 51.2% −48.8% 128.6% 9.7% −20.0% 75.6% 7.0% 44.0% −73.5% −107.6%
EPS growth 58.3% −48.4% 132.7% 10.5% −19.1% 77.5% 9.9% 45.7% −73.8% −119.7%
FCF growth −52.0% 18.1% 72.1% −26.3% 67.4% −19.0% −23.7% 67.5% −44.1% −68.2%
Share count change −4.1% −1.9% −1.2% −0.4% −1.3% −1.1% −2.3% −1.5% 1.6% 1.5%
Financial health
Net debt / EBITDA 0.3x −0.1x 0.1x 0.4x 0.4x 0.3x 1.1x 1.5x 4.4x 5.5x
Debt / equity 0.6x 0.6x 0.4x 0.9x 0.9x 1.3x 1.1x 1.0x 1.2x 0.8x
Interest coverage 13.8x 14.3x 20.8x 18.8x 17.2x 28.9x 26.9x 26.6x 5.3x 1.1x
Current ratio 2.4x 2.6x 2.2x 2.8x 2.4x 2.6x 2.3x 1.8x 1.6x 1.7x
Quick ratio 1.6x 1.7x 1.3x 1.9x 1.6x 1.9x 1.4x 1.0x 0.8x 0.9x
Capital allocation
Capex / revenue 2.3% 2.5% 2.6% 3.5% 4.9% 3.8% 5.1% 3.6% 3.4% 2.6%
Stock comp / revenue 0.6% 0.6% 0.6% 0.5% 0.8% 0.7% 1.1% 1.0% 0.8% 0.6%
Payouts / FCF 198.3% 160.4% 13.2% 119.2% 62.9% 93.2% 201.7% 74.7% 22.2% 75.8%
Quality scores
Piotroski F-score 7.0 7.0 7.0 8.0 5.0 8.0 5.0 6.0 3.0 4.0
Altman Z'' 5.7 5.8 5.5 5.5 5.0 5.4 5.2 4.5 3.0 3.0
Accruals ratio 1.3% −4.0% −2.9% −0.7% −6.0% −0.2% 0.6% 2.0% −2.8% −2.4%

Source: SEC EDGAR XBRL filings (CIK 0001109354). Data updated October 14, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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