Azenta
AZTA Β· Life Sciences Tools & Services
$36.50
1.4%Bio-Techne
TECH Β· Life Sciences Tools & Services
$72.55
0.1%The short version
- Bio-Techne is the larger business, with $1.2B of revenue in fiscal 2026 against $594M for Azenta, about 2.0 times as much.
- Azenta grew revenue faster (3.6%, against β0.4%).
- Bio-Techne kept more of each dollar of sales as operating profit (20.7% operating margin, against β4.5% operating margin).
- Bio-Techne turned more of its sales into free cash flow (21.7% FCF margin, against 6.5% FCF margin).
| Latest fiscal year | AZTA Β· FY25 | TECH Β· FY26 |
|---|---|---|
| Size | ||
| Market cap | $1.7B | $11.4B |
| Revenue | $594M | $1.2B |
| Free cash flow | $38.3M | $263M |
| Net income | β$55.8M | $182M |
| Growth | ||
| Revenue growth | 3.6% | β0.4% |
| 5-year growth | 8.9% | 5.5% |
| Share count change | β13.7% | β1.7% |
| Profitability | ||
| Gross margin | 45.5% | 65.8% |
| Operating margin | β4.5% | 20.7% |
| Net margin | β9.4% | 15.0% |
| FCF margin | 6.5% | 21.7% |
| Return on capital | β | 9.2% |
| Return on equity | β3.2% | 9.0% |
| Balance sheet | ||
| Net debt | β | β$64.7M |
| Net debt / EBITDA | β | β0.2x |
| Dividends and buybacks | $0.0M | $91.6M |
| Valuation & quality | ||
| P/E | β | 62.5x |
| Piotroski F-score | β | 9 |
FY17
AZTA $528M
TECH $563M
FY18
AZTA $632M
TECH $643M
FY19
AZTA $334M
TECH $714M
FY20
AZTA $389M
TECH $739M
FY21
AZTA $514M
TECH $931M
FY22
AZTA $556M
TECH $1.1B
FY23
AZTA $552M
TECH $1.1B
FY24
AZTA $573M
TECH $1.2B
FY25
AZTA $594M
TECH $1.2B
FY26
AZTA β
TECH $1.2B
AZTA
TECH
FY17
AZTA 2.7%
TECH 21.4%
FY18
AZTA 5.0%
TECH 21.2%
FY19
AZTA β14.2%
TECH 20.6%
FY20
AZTA β9.4%
TECH 21.3%
FY21
AZTA β6.1%
TECH 25.5%
FY22
AZTA β4.5%
TECH 26.8%
FY23
AZTA β11.1%
TECH 26.3%
FY24
AZTA β8.9%
TECH 17.8%
FY25
AZTA β4.5%
TECH 8.4%
FY26
AZTA β
TECH 20.7%
AZTA
TECH
FY17
AZTA $83.6M
TECH $129M
FY18
AZTA $61.2M
TECH $149M
FY19
AZTA $67.0M
TECH $156M
FY20
AZTA β$2.1M
TECH $153M
FY21
AZTA $97.1M
TECH $308M
FY22
AZTA β$539M
TECH $280M
FY23
AZTA β$33.6M
TECH $216M
FY24
AZTA $12.4M
TECH $236M
FY25
AZTA $38.3M
TECH $257M
FY26
AZTA β
TECH $263M
AZTA
TECH
FY17
AZTA β
TECH 7.8%
FY18
AZTA β
TECH 10.9%
FY19
AZTA β4.8%
TECH 8.8%
FY20
AZTA β3.0%
TECH 8.3%
FY21
AZTA β2.3%
TECH 13.7%
FY22
AZTA β
TECH 15.3%
FY23
AZTA β
TECH 13.2%
FY24
AZTA β
TECH 8.6%
FY25
AZTA β
TECH 3.5%
FY26
AZTA β
TECH 9.2%
AZTA
TECH
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.