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MESA LABORATORIES INC /CO/

MLAB Clue Score65
United States Fiscal year ends March CIK 0000724004
$127.51 +1.15% Close, 9 Oct 2026
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Price $127.51 −57.98% 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 2017Revenue93.7Operating income16.3EPS, diluted2.91Fiscal year 2018Revenue96.2 +2.7%Operating income2.2EPS, diluted−0.79 −127.1%Fiscal year 2019Revenue103.1 +7.2%Operating income9.8EPS, diluted1.86Fiscal year 2020Revenue117.7 +14.1%Operating income7.9EPS, diluted0.41 −78.0%Fiscal year 2021Revenue133.9 +13.8%Operating income12.4Net income3.3EPS, diluted0.64 +56.1%Fiscal year 2022Revenue184.3 +37.6%Operating income4.7Net income1.9 −42.9%EPS, diluted0.35 −45.3%Fiscal year 2023Revenue219.1 +18.8%Operating income3.3Net income0.9 −50.3%EPS, diluted0.17 −51.4%Fiscal year 2024Revenue216.2 −1.3%Operating income−272.1Net income−254.2 −27,438.3%EPS, diluted−47.20 −27,864.7%Fiscal year 2025Revenue241.0 +11.5%Operating income16.3Net income−2.0EPS, diluted−0.36Fiscal year 2026Revenue249.1 +3.4%Operating income18.5Net income6.7EPS, diluted1.21
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 93.7 96.2 103.1 117.7 133.9 184.3 219.1 216.2 241.0 249.1
Growth +2.7% +7.2% +14.1% +13.8% +37.6% +18.8% −1.3% +11.5% +3.4%
Operating income 16.3 2.2 9.8 7.9 12.4 4.7 3.3 −272.1 16.3 18.5
Net income n/a n/a n/a n/a 3.3 1.9 0.9 −254.2 −2.0 6.7
Growth −42.9% −50.3% −27,438.3%
EPS, diluted 2.91 −0.79 1.86 0.41 0.64 0.35 0.17 −47.20 −0.36 1.21
Growth −127.1% −78.0% +56.1% −45.3% −51.4% −27,864.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin56.8%Operating margin17.4%Fiscal year 2018Gross margin56.8%Operating margin2.3%Free cash flow margin23.8%Fiscal year 2019Gross margin59.1%Operating margin9.5%Free cash flow margin28.4%Fiscal year 2020Gross margin55.5%Operating margin6.7%Free cash flow margin21.7%Fiscal year 2021Gross margin65.0%Operating margin9.2%Net margin2.4%Free cash flow margin26.2%Fiscal year 2022Gross margin59.2%Operating margin2.6%Net margin1.0%Free cash flow margin18.9%Fiscal year 2023Gross margin61.0%Operating margin1.5%Net margin0.4%Free cash flow margin10.7%Fiscal year 2024Gross margin61.6%Operating margin−125.9%Net margin−117.6%Free cash flow margin19.2%Fiscal year 2025Gross margin62.6%Operating margin6.8%Net margin−0.8%Free cash flow margin17.7%Fiscal year 2026Gross margin63.5%Operating margin7.4%Net margin2.7%Free cash flow margin15.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 56.8% 56.8% 59.1% 55.5% 65.0% 59.2% 61.0% 61.6% 62.6% 63.5%
Operating margin 17.4% 2.3% 9.5% 6.7% 9.2% 2.6% 1.5% −125.9% 6.8% 7.4%
Net margin n/a n/a n/a n/a 2.4% 1.0% 0.4% −117.6% −0.8% 2.7%
Free cash flow margin n/a 23.8% 28.4% 21.7% 26.2% 18.9% 10.7% 19.2% 17.7% 15.9%

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 2017Operating cash flow17.3Dividends paid−2.4Fiscal year 2018Operating cash flow25.7Capital expenditure−2.8Free cash flow22.9Dividends paid−2.4Fiscal year 2019Operating cash flow30.6Capital expenditure−1.3Free cash flow29.3 +27.8%Dividends paid−2.5Fiscal year 2020Operating cash flow27.0Capital expenditure−1.5Free cash flow25.5 −13.0%Dividends paid−2.7Fiscal year 2021Operating cash flow37.1Capital expenditure−2.0Free cash flow35.1 +37.6%Dividends paid−3.2Fiscal year 2022Operating cash flow39.2Capital expenditure−4.4Free cash flow34.8 −0.8%Dividends paid−3.3Fiscal year 2023Operating cash flow28.0Capital expenditure−4.5Free cash flow23.4 −32.6%Dividends paid−3.4Fiscal year 2024Operating cash flow44.1Capital expenditure−2.6Free cash flow41.6 +77.3%Dividends paid−3.4Fiscal year 2025Operating cash flow46.8Capital expenditure−4.2Free cash flow42.6 +2.4%Dividends paid−3.5Fiscal year 2026Operating cash flow42.8Capital expenditure−3.3Free cash flow39.6 −7.0%Dividends paid−3.5
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 17.3 25.7 30.6 27.0 37.1 39.2 28.0 44.1 46.8 42.8
Capital expenditure n/a −2.8 −1.3 −1.5 −2.0 −4.4 −4.5 −2.6 −4.2 −3.3
Free cash flow n/a 22.9 29.3 25.5 35.1 34.8 23.4 41.6 42.6 39.6
Growth +27.8% −13.0% +37.6% −0.8% −32.6% +77.3% +2.4% −7.0%
Dividends paid −2.4 −2.4 −2.5 −2.7 −3.2 −3.3 −3.4 −3.4 −3.5 −3.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash5.8Total debt54.8Net cash (debt)−49.0Shareholders’ equity97.8Debt to equity0.56Fiscal year 2018Cash5.5Total debt46.3Net cash (debt)−40.8Shareholders’ equity99.4Debt to equity0.47Fiscal year 2019Cash10.2Total debt22.7Net cash (debt)−12.6Shareholders’ equity111.3Debt to equity0.20Fiscal year 2020Cash81.4Shareholders’ equity220.0Fiscal year 2021Cash263.9Shareholders’ equity406.2Fiscal year 2022Cash49.3Shareholders’ equity393.8Fiscal year 2023Cash32.9Shareholders’ equity393.5Fiscal year 2024Cash28.2Shareholders’ equity145.4Fiscal year 2025Cash27.3Total debt71.3Net cash (debt)−43.9Shareholders’ equity159.8Debt to equity0.45Fiscal year 2026Cash26.9Total debt67.5Net cash (debt)−40.6Shareholders’ equity186.2Debt to equity0.36
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 5.8 5.5 10.2 81.4 263.9 49.3 32.9 28.2 27.3 26.9
Total debt 54.8 46.3 22.7 n/a n/a n/a n/a n/a 71.3 67.5
Net cash (debt) −49.0 −40.8 −12.6 n/a n/a n/a n/a n/a −43.9 −40.6
Shareholders’ equity 97.8 99.4 111.3 220.0 406.2 393.8 393.5 145.4 159.8 186.2
Debt to equity 0.56 0.47 0.20 n/a n/a n/a n/a n/a 0.45 0.36

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

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Revenue and profit
93.7 96.2 103.1 117.7 133.9 184.3 219.1 216.2 241.0 249.1
Growth +2.7% +7.2% +14.1% +13.8% +37.6% +18.8% −1.3% +11.5% +3.4%
40.4 41.6 42.2 52.3 46.9 75.2 85.4 82.9 90.1 90.9
53.2 54.6 60.9 65.4 87.0 109.1 133.7 133.3 150.9 158.3
Growth +2.6% +11.5% +7.3% +33.1% +25.4% +22.6% −0.3% +13.2% +4.9%
4.2 3.5 3.5 6.4 10.4 15.8 20.5 19.3 19.5 20.3
22.8 26.3 31.3 38.2 45.8 60.3 72.4 72.9 73.3 78.7
16.3 2.2 9.8 7.9 12.4 4.7 3.3 −272.1 16.3 18.5
Growth −86.6% +348.1% −19.0% +56.0% −62.0% −29.4% −8,295.0% +13.3%
14.3 0.3 8.6 3.9 2.3 3.6 −0.4 −275.6 6.0 12.0
3.1 3.3 1.1 2.1 −1.0 1.7 −1.3 −21.4 7.9 5.3
n/a n/a n/a n/a 3.3 1.9 0.9 −254.2 −2.0 6.7
Growth −42.9% −50.3% −27,438.3%
Per share
3.04 −0.79 1.95 0.42 0.66 0.36 0.17 −47.20 −0.36 1.22
2.91 −0.79 1.86 0.41 0.64 0.35 0.17 −47.20 −0.36 1.21
Growth −127.1% −78.0% +56.1% −45.3% −51.4% −27,864.7%
3.7 3.8 3.8 4.2 5.0 5.2 5.3 5.4 5.4 5.5
3.8 3.8 4.0 4.4 5.1 5.3 5.4 5.4 5.4 5.6
Growth −1.9% +7.0% +8.4% +17.2% +4.1% +0.5% +0.5% +0.6% +2.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 13.2% a year over five years, and earnings per share grew 13.6% a year.
  • The diluted share count rose 8.6% in five years, which is dilution.
  • Operating margin is down 1.8 points on five years ago, at 7.4%.
  • A net loss in 2 of 6 years on file.