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Stocks · Technology · Laboratory Analytical Instruments

BIO-RAD LABORATORIES, INC.

BIO Clue Score35
United States Fiscal year ends December CIK 0000012208
$366.16 +1.60% Close, 9 Oct 2026
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Price $366.16 −49.04% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2.07Operating income0.06Net income0.03EPS, diluted0.88Fiscal year 2017Revenue2.16 +4.4%Operating income0.12Net income0.12 +370.2%EPS, diluted4.07 +362.5%Fiscal year 2018Revenue2.29 +6.0%Operating income−0.10Net income0.37 +199.1%EPS, diluted12.10 +197.3%Fiscal year 2019Revenue2.31 +1.0%Operating income0.23Net income1.76 +381.0%EPS, diluted58.27 +381.6%Fiscal year 2020Revenue2.55 +10.1%Operating income0.42Net income3.81 +116.9%EPS, diluted126.47 +117.0%Fiscal year 2021Revenue2.92 +14.8%Operating income0.50Net income4.25 +11.5%EPS, diluted140.83 +11.4%Fiscal year 2022Revenue2.80 −4.1%Operating income0.48Net income−3.63 −185.3%EPS, diluted−121.79 −186.5%Fiscal year 2023Revenue2.67 −4.7%Operating income0.34Net income−0.64EPS, diluted−21.82Fiscal year 2024Revenue2.57 −3.9%Operating income0.27Net income−1.84EPS, diluted−65.36Fiscal year 2025Revenue2.58 +0.7%Operating income0.05Net income0.76EPS, diluted27.85
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2.07 2.16 2.29 2.31 2.55 2.92 2.80 2.67 2.57 2.58
Growth +4.4% +6.0% +1.0% +10.1% +14.8% −4.1% −4.7% −3.9% +0.7%
Operating income 0.06 0.12 −0.10 0.23 0.42 0.50 0.48 0.34 0.27 0.05
Net income 0.03 0.12 0.37 1.76 3.81 4.25 −3.63 −0.64 −1.84 0.76
Growth +370.2% +199.1% +381.0% +116.9% +11.5% −185.3%
EPS, diluted 0.88 4.07 12.10 58.27 126.47 140.83 −121.79 −21.82 −65.36 27.85
Growth +362.5% +197.3% +381.6% +117.0% +11.4% −186.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin55.0%Operating margin2.7%Net margin1.3%Free cash flow margin3.6%Fiscal year 2017Gross margin55.0%Operating margin5.5%Net margin5.7%Free cash flow margin−0.3%Fiscal year 2018Gross margin53.4%Operating margin−4.5%Net margin16.0%Free cash flow margin6.8%Fiscal year 2019Gross margin54.4%Operating margin9.9%Net margin76.1%Free cash flow margin15.5%Fiscal year 2020Gross margin56.5%Operating margin16.6%Net margin149.8%Free cash flow margin18.7%Fiscal year 2021Gross margin56.1%Operating margin17.1%Net margin145.6%Free cash flow margin18.3%Fiscal year 2022Gross margin55.9%Operating margin17.2%Net margin−129.5%Free cash flow margin2.9%Fiscal year 2023Gross margin53.4%Operating margin12.6%Net margin−23.9%Free cash flow margin8.2%Fiscal year 2024Gross margin53.7%Operating margin10.5%Net margin−71.9%Free cash flow margin11.3%Fiscal year 2025Gross margin51.9%Operating margin1.8%Net margin29.4%Free cash flow margin14.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 55.0% 55.0% 53.4% 54.4% 56.5% 56.1% 55.9% 53.4% 53.7% 51.9%
Operating margin 2.7% 5.5% −4.5% 9.9% 16.6% 17.1% 17.2% 12.6% 10.5% 1.8%
Net margin 1.3% 5.7% 16.0% 76.1% 149.8% 145.6% −129.5% −23.9% −71.9% 29.4%
Free cash flow margin 3.6% −0.3% 6.8% 15.5% 18.7% 18.3% 2.9% 8.2% 11.3% 14.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.22Capital expenditure−0.14Free cash flow0.07Buybacks0.00Fiscal year 2017Operating cash flow0.10Capital expenditure−0.11Free cash flow−0.01 −109.6%Buybacks−0.00Fiscal year 2018Operating cash flow0.29Capital expenditure−0.13Free cash flow0.16Buybacks−0.05Fiscal year 2019Operating cash flow0.46Capital expenditure−0.10Free cash flow0.36 +130.9%Buybacks−0.03Fiscal year 2020Operating cash flow0.58Capital expenditure−0.11Free cash flow0.48 +32.6%Buybacks−0.10Fiscal year 2021Operating cash flow0.67Capital expenditure−0.13Free cash flow0.54 +12.4%Buybacks−0.05Fiscal year 2022Operating cash flow0.19Capital expenditure−0.11Free cash flow0.08 −84.8%Buybacks−0.22Fiscal year 2023Operating cash flow0.37Capital expenditure−0.16Free cash flow0.22 +167.4%Buybacks−0.43Fiscal year 2024Operating cash flow0.46Capital expenditure−0.17Free cash flow0.29 +32.7%Buybacks−0.20Fiscal year 2025Operating cash flow0.53Capital expenditure−0.16Free cash flow0.37 +29.4%Buybacks−0.30
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.22 0.10 0.29 0.46 0.58 0.67 0.19 0.37 0.46 0.53
Capital expenditure −0.14 −0.11 −0.13 −0.10 −0.11 −0.13 −0.11 −0.16 −0.17 −0.16
Free cash flow 0.07 −0.01 0.16 0.36 0.48 0.54 0.08 0.22 0.29 0.37
Growth −109.6% +130.9% +32.6% +12.4% −84.8% +167.4% +32.7% +29.4%
Buybacks 0.00 −0.00 −0.05 −0.03 −0.10 −0.05 −0.22 −0.43 −0.20 −0.30

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.46Shareholders’ equity2.58Fiscal year 2017Cash0.38Shareholders’ equity2.93Fiscal year 2018Cash0.43Total debt0.44Net cash (debt)−0.01Shareholders’ equity4.02Debt to equity0.11Fiscal year 2019Cash0.66Total debt0.01Net cash (debt)0.65Shareholders’ equity5.76Debt to equity0.00Fiscal year 2020Cash0.66Total debt0.01Net cash (debt)0.65Shareholders’ equity9.89Debt to equity0.00Fiscal year 2021Cash0.47Total debt0.01Net cash (debt)0.46Shareholders’ equity13.69Debt to equity0.00Fiscal year 2022Cash0.43Total debt1.20Net cash (debt)−0.76Shareholders’ equity9.62Debt to equity0.12Fiscal year 2023Cash0.40Total debt1.20Net cash (debt)−0.80Shareholders’ equity8.74Debt to equity0.14Fiscal year 2024Cash0.49Total debt1.20Net cash (debt)−0.71Shareholders’ equity6.57Debt to equity0.18Fiscal year 2025Cash0.53Total debt1.20Net cash (debt)−0.67Shareholders’ equity7.45Debt to equity0.16
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.46 0.38 0.43 0.66 0.66 0.47 0.43 0.40 0.49 0.53
Total debt n/a n/a 0.44 0.01 0.01 0.01 1.20 1.20 1.20 1.20
Net cash (debt) n/a n/a −0.01 0.65 0.65 0.46 −0.76 −0.80 −0.71 −0.67
Shareholders’ equity 2.58 2.93 4.02 5.76 9.89 13.69 9.62 8.74 6.57 7.45
Debt to equity n/a n/a 0.11 0.00 0.00 0.00 0.12 0.14 0.18 0.16

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
2.07 2.16 2.29 2.31 2.55 2.92 2.80 2.67 2.57 2.58
Growth +4.4% +6.0% +1.0% +10.1% +14.8% −4.1% −4.7% −3.9% +0.7%
0.93 0.97 1.07 1.05 1.11 1.28 1.23 1.24 1.19 1.24
1.14 1.19 1.22 1.26 1.44 1.64 1.57 1.43 1.38 1.34
Growth +4.3% +3.0% +2.8% +14.4% +13.9% −4.3% −9.0% −3.4% −2.8%
0.21 0.25 0.20 0.20 0.22 0.26 0.26 0.25 0.30 0.28
0.81 0.81 0.83 0.82 0.80 0.88 0.83 0.84 0.81 0.84
0.06 0.12 −0.10 0.23 0.42 0.50 0.48 0.34 0.27 0.05
Growth +114.0% −186.7% +83.5% +18.8% −3.5% −30.0% −20.4% −82.5%
0.04 0.10 0.51 2.26 4.92 5.45 −4.70 −0.85 −2.34 1.00
0.02 −0.02 0.15 0.50 1.10 1.19 −1.08 −0.21 −0.50 0.24
0.03 0.12 0.37 1.76 3.81 4.25 −3.63 −0.64 −1.84 0.76
Growth +370.2% +199.1% +381.0% +116.9% +11.5% −185.3%
Per share
0.88 4.12 12.25 58.93 128.13 142.61 −121.79 −21.82 −65.36 27.87
0.88 4.07 12.10 58.27 126.47 140.83 −121.79 −21.82 −65.36 27.85
Growth +362.5% +197.3% +381.6% +117.0% +11.4% −186.5%
29.4 29.7 29.8 29.8 29.8 29.8 29.8 29.2 28.2 27.3
29.6 30.0 30.2 30.2 30.2 30.2 29.8 29.2 28.2 27.3
Growth +1.3% +0.6% −0.1% −0.1% +0.2% −1.4% −1.9% −3.4% −3.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 0.3% a year over five years, and earnings per share fell 26.1% a year.
  • The diluted share count fell 9.5% in five years, so buybacks did some of the work per share.
  • Operating margin is down 14.7 points on five years ago, at 1.8%.
  • A net loss in 3 of 10 years on file.