Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Scientific & Technical Instruments Stocks

Scientific & Technical Instruments: Garmin Ltd. owns the largest revenue base; ESCO Technologies Inc. has the fastest current growth.

The industry itself · before any single company

How has Scientific & Technical Instruments moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 29% ahead of S&P 500. Earnings across its companies grew 10% on average over the last four reported quarters.

FADING · −1 in 4wPrice and the fundamentals both up5 of 17 companies ahead of S&P 500 by 5% or more over three months

RS ↑3w · 13/17 >200d (+0) · 5/17 lead (−1) · EPS 12/17↑

200202620252024202320222021 322348 TRAILING 12-MONTH EPS · 100 AT THE START0100139Jun 22Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 7 reporting · thin coverageJun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 15 reportingSep 2022 · trailing 12-month earnings per share at 106, against 100 at the start · no comparable year yet · 19 reportingDec 2022 · trailing 12-month earnings per share at 108, against 100 at the start · no comparable year yet · 17 reportingMar 2023 · trailing 12-month earnings per share at 116, against 100 at the start · up 16.1% on a year ago · 12 reportingJun 2023 · trailing 12-month earnings per share at 122, against 100 at the start · up 20.1% on a year ago · 15 reportingSep 2023 · trailing 12-month earnings per share at 114, against 100 at the start · up 3.4% on a year ago · 17 reportingDec 2023 · trailing 12-month earnings per share at 119, against 100 at the start · down 2.0% on a year ago · 17 reportingMar 2024 · trailing 12-month earnings per share at 115, against 100 at the start · down 5.9% on a year ago · 15 reportingJun 2024 · trailing 12-month earnings per share at 107, against 100 at the start · up 10.7% on a year ago · 15 reportingSep 2024 · trailing 12-month earnings per share at 103, against 100 at the start · up 15.3% on a year ago · 15 reportingDec 2024 · trailing 12-month earnings per share at 96, against 100 at the start · down 6.9% on a year ago · 14 reportingMar 2025 · trailing 12-month earnings per share at 109, against 100 at the start · up 7.2% on a year ago · 15 reportingJun 2025 · trailing 12-month earnings per share at 105, against 100 at the start · up 13.4% on a year ago · 15 reportingSep 2025 · trailing 12-month earnings per share at 81, against 100 at the start · up 3.8% on a year ago · 15 reportingDec 2025 · trailing 12-month earnings per share at 88, against 100 at the start · up 9.8% on a year ago · 15 reportingMar 2026 · trailing 12-month earnings per share at 139, against 100 at the start · up 11.0% on a year ago · 10 reportingJun 2026 · trailing 12-month earnings per share at 85, against 100 at the start · up 15.0% on a year ago · 7 reporting · thin coverageNot reported yet — earnings trail price by a quarter or two85No earnings on file this far back — the price series reaches further than the filings do
200202620252024202320222021 322348 TRAILING 12-MONTH EPS · 100 AT THE START0100139Jun 22Jun 23Jun 24Jun 25Jun 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 7 reporting · thin coverageJun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 15 reportingSep 2022 · trailing 12-month earnings per share at 106, against 100 at the start · no comparable year yet · 19 reportingDec 2022 · trailing 12-month earnings per share at 108, against 100 at the start · no comparable year yet · 17 reportingMar 2023 · trailing 12-month earnings per share at 116, against 100 at the start · up 16.1% on a year ago · 12 reportingJun 2023 · trailing 12-month earnings per share at 122, against 100 at the start · up 20.1% on a year ago · 15 reportingSep 2023 · trailing 12-month earnings per share at 114, against 100 at the start · up 3.4% on a year ago · 17 reportingDec 2023 · trailing 12-month earnings per share at 119, against 100 at the start · down 2.0% on a year ago · 17 reportingMar 2024 · trailing 12-month earnings per share at 115, against 100 at the start · down 5.9% on a year ago · 15 reportingJun 2024 · trailing 12-month earnings per share at 107, against 100 at the start · up 10.7% on a year ago · 15 reportingSep 2024 · trailing 12-month earnings per share at 103, against 100 at the start · up 15.3% on a year ago · 15 reportingDec 2024 · trailing 12-month earnings per share at 96, against 100 at the start · down 6.9% on a year ago · 14 reportingMar 2025 · trailing 12-month earnings per share at 109, against 100 at the start · up 7.2% on a year ago · 15 reportingJun 2025 · trailing 12-month earnings per share at 105, against 100 at the start · up 13.4% on a year ago · 15 reportingSep 2025 · trailing 12-month earnings per share at 81, against 100 at the start · up 3.8% on a year ago · 15 reportingDec 2025 · trailing 12-month earnings per share at 88, against 100 at the start · up 9.8% on a year ago · 15 reportingMar 2026 · trailing 12-month earnings per share at 139, against 100 at the start · up 11.0% on a year ago · 10 reportingJun 2026 · trailing 12-month earnings per share at 85, against 100 at the start · up 15.0% on a year ago · 7 reporting · thin coverageNot reported yet — earnings trail price by a quarter or twoNo earnings on file this far back — the price series reaches further than the filings do
Scientific & Technical Instruments, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy NarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together5 of 17 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +2 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/4−1
Mid 3/60
Small 2/70

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 17 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Scientific & Technical Instruments outperforming S&P 500?

Scientific & Technical Instruments has outperformed S&P 500 by 5.8% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 1.6%. 13 of 19 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Vishay Precision Group, Inc. is the strongest against the sector itself at +48.7%.

-1.6%Sector vs S&P 500 · 13 weeks
+5.8%Sector vs S&P 500 · 52 weeks
13/19Stocks leading S&P 500
10/19Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Scientific & Technical Instruments has outperformed S&P 500 by 5.8% over 52 weeks and 1.6% over 13 weeks. 13 of 19 covered companies beat the S&P 500 on Mansfield relative strength, while 10 of 19 beat the sector itself. Garmin Ltd. leads with revenue of $7,464 million, based on 11 of 19 comparable companies through Mar 2026.

Is the Scientific & Technical Instruments sector outperforming S&P 500?

Scientific & Technical Instruments has outperformed S&P 500 by 5.8% over 52 weeks and 1.6% over 13 weeks. 13 of 19 covered companies beat the S&P 500 on Mansfield relative strength, while 10 of 19 beat the sector itself.

Which Scientific & Technical Instruments company is largest by revenue?

Garmin Ltd. leads with revenue of $7,464 million, based on 11 of 19 comparable companies through Mar 2026.

Which Scientific & Technical Instruments company is growing fastest?

ESCO Technologies Inc. has the fastest current revenue growth at 30.7%, across 10 of 19 comparable companies.

Which Scientific & Technical Instruments company has the strongest 4-Factor Sector Score?

Keysight Technologies, Inc. ranks first at 67.8/100 with 86.2% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Scientific & Technical Instruments company reports the most CAPEX?

Coherent Corp. reports the largest latest CAPEX at $290 million, with 19 of 19 companies comparable.

Which Scientific & Technical Instruments company has the least gross debt?

Badger Meter, Inc. has the lowest comparable gross debt at $0 million. MKS Inc. has the highest at $4,292 million.

Which Scientific & Technical Instruments company has the lowest comparable PEG?

Sensata Technologies Holding plc has the lowest comparable Guarded PEG at 0.3, among 7 of 19 companies that pass the metric’s comparability rules.

How much history does this Scientific & Technical Instruments comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
19
complete canonical membership
Combined market value
$277.8B
Keysight Technologies, Inc.
Revenue growing
7/10
positive TTM year-on-year growth
Beating S&P 500
13/19
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Keysight Technologies, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 86.2% evidence confidence.
Sensata Technologies Holding plc looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Ituran Location and Control Ltd. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Keysight Technologies, Inc. · KEYS

67.8/100 · Favorable setup · 86% evidence

Exact sum: 30.7 + 14.3 + 10.6 + 12.2 = 67.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

30.7/35Growth & earnings

Revenue 19.2% · PAT 44.6% · OPM change 7.9 pp

95% evidence

14.3/25Capital efficiency

ROCE 4.5% · debt/equity 0.44×

80% evidence

10.6/20Valuation

P/E 57.6× · PEG 1.35

65% evidence

12.2/20Relative strength

RS sector 11.9% · RS bench 15.4% · 1Y 92.3%

100% evidence

2. Garmin Ltd. · GRMN

61.7/100 · Mixed-positive evidence · 82% evidence

Exact sum: 22.6 + 18.1 + 11 + 10 = 61.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.6/35Growth & earnings

Revenue 15.7% · PAT 18.2% · OPM change 2.9 pp

83% evidence

18.1/25Capital efficiency

ROCE 4.8% · debt/equity 0.02×

80% evidence

11.0/20Valuation

P/E 25.7× · PEG 1.42

65% evidence

10.0/20Relative strength

RS sector -2% · RS bench 2.5% · 1Y 16%

100% evidence

3. Cognex Corporation · CGNX

61.3/100 · Thin evidence · provisional · 59% evidence

Exact sum: 23.1 + 16.3 + 9.4 + 12.5 = 61.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

23.1/35Growth & earnings

Revenue — · PAT — · OPM change 4.9 pp

45% evidence

16.3/25Capital efficiency

ROCE 3.4% · debt/equity 0.05×

80% evidence

9.4/20Valuation

P/E 58.5× · PEG —

15% evidence

12.5/20Relative strength

RS sector 9.8% · RS bench 13.8% · 1Y 49.1%

100% evidence

4. Ituran Location and Control Ltd. · ITRN

57.0/100 · Mixed-positive evidence · 76% evidence

Exact sum: 16.2 + 18.2 + 9.3 + 13.3 = 57

Decision use: Price leads the evidence: RS versus the benchmark is 8.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

16.2/35Growth & earnings

Revenue 11.3% · PAT 6.9% · OPM change -0.1 pp

83% evidence

18.2/25Capital efficiency

ROCE 8.6% · debt/equity 0.02×

80% evidence

9.3/20Valuation

P/E 16.2× · PEG 1.8

65% evidence

13.3/20Relative strength

RS sector 4.4% · RS bench 8.2% · 1Y 41.4%

70% evidence

5. MKS Inc. · MKSI

56.6/100 · Mixed-positive evidence · 82% evidence

Exact sum: 22.4 + 7.9 + 12.3 + 14 = 56.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.4/35Growth & earnings

Revenue 11.5% · PAT 43.4% · OPM change 1.9 pp

83% evidence

7.9/25Capital efficiency

ROCE 2.1% · debt/equity 1.53×

80% evidence

12.3/20Valuation

P/E 48.1× · PEG 1.13

65% evidence

14.0/20Relative strength

RS sector 19.8% · RS bench 22.9% · 1Y 207.6%

100% evidence

6. Novanta Inc. · NOVT

54.5/100 · Thin evidence · provisional · 59% evidence

Exact sum: 22.3 + 11.2 + 9 + 12 = 54.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

22.3/35Growth & earnings

Revenue — · PAT — · OPM change 4.5 pp

45% evidence

11.2/25Capital efficiency

ROCE 2% · debt/equity 0.22×

80% evidence

9.0/20Valuation

P/E 84.8× · PEG —

15% evidence

12.0/20Relative strength

RS sector -1.4% · RS bench 2.8% · 1Y 17.9%

100% evidence

7. Sensata Technologies Holding plc · ST

52.2/100 · Mixed-positive evidence · 82% evidence

Exact sum: 11.9 + 9.6 + 13.7 + 17 = 52.2

Decision use: Price leads the evidence: RS versus the benchmark is 17.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

11.9/35Growth & earnings

Revenue -2.9% · PAT -61% · OPM change 1.7 pp

83% evidence

9.6/25Capital efficiency

ROCE 2.3% · debt/equity 1×

80% evidence

13.7/20Valuation

P/E 113.6× · PEG 0.3

65% evidence

17.0/20Relative strength

RS sector 13% · RS bench 17.4% · 1Y 56.1%

100% evidence

8. Teledyne Technologies Incorporated · TDY

52.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 18.1 + 14.3 + 10.6 + 9 = 52

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.1/35Growth & earnings

Revenue — · PAT — · OPM change 1 pp

45% evidence

14.3/25Capital efficiency

ROCE 2.5% · debt/equity 0.19×

80% evidence

10.6/20Valuation

P/E 30.1× · PEG —

15% evidence

9.0/20Relative strength

RS sector -1.7% · RS bench 2.6% · 1Y 19.3%

100% evidence

9. ESCO Technologies Inc. · ESE

51.9/100 · Mixed-positive evidence · 82% evidence

Exact sum: 19.1 + 14.8 + 4.7 + 13.3 = 51.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.1/35Growth & earnings

Revenue 30.7% · PAT 16.7% · OPM change -0.5 pp

83% evidence

14.8/25Capital efficiency

ROCE 2.8% · debt/equity 0.12×

80% evidence

4.7/20Valuation

P/E 54.2× · PEG 6

65% evidence

13.3/20Relative strength

RS sector 12.2% · RS bench 16.3% · 1Y 64.8%

100% evidence

10. Fortive Corporation · FTV

51.1/100 · Thin evidence · provisional · 57% evidence

Exact sum: 14.9 + 10.8 + 10.4 + 15 = 51.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

14.9/35Growth & earnings

Revenue — · PAT — · OPM change -5.6 pp

39% evidence

10.8/25Capital efficiency

ROCE 1.6% · debt/equity 0.15×

80% evidence

10.4/20Valuation

P/E 30.2× · PEG —

15% evidence

15.0/20Relative strength

RS sector 3.5% · RS bench 8.1% · 1Y 37.7%

100% evidence

11. Coherent Corp. · COHR

50.6/100 · Mixed-positive evidence · 72% evidence

Exact sum: 26.9 + 8 + 8.5 + 7.2 = 50.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

26.9/35Growth & earnings

Revenue 18% · PAT 100% · OPM change 6.3 pp

83% evidence

8.0/25Capital efficiency

ROCE 1.4% · debt/equity 0.31×

80% evidence

8.5/20Valuation

P/E 114× · PEG —

15% evidence

7.2/20Relative strength

RS sector 0.3% · RS bench 2.6% · 1Y 136.7%

100% evidence

12. Vishay Precision Group, Inc. · VPG

48.8/100 · Thin evidence · provisional · 59% evidence

Exact sum: 12.9 + 8 + 8.9 + 19 = 48.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

12.9/35Growth & earnings

Revenue — · PAT — · OPM change -3.2 pp

45% evidence

8.0/25Capital efficiency

ROCE 0.1% · debt/equity 0.13×

80% evidence

8.9/20Valuation

P/E 99.5× · PEG —

15% evidence

19.0/20Relative strength

RS sector 48.7% · RS bench 51.7% · 1Y 256.1%

100% evidence

13. Badger Meter, Inc. · BMI

48.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 13 + 17.6 + 10.1 + 7.3 = 48

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

13.0/35Growth & earnings

Revenue — · PAT — · OPM change -4.8 pp

45% evidence

17.6/25Capital efficiency

ROCE 4.8% · debt/equity 0×

80% evidence

10.1/20Valuation

P/E 34.7× · PEG —

15% evidence

7.3/20Relative strength

RS sector -25.7% · RS bench -21.5% · 1Y -25.8%

100% evidence

14. Vontier Corporation · VNT

46.3/100 · Thin evidence · provisional · 59% evidence

Exact sum: 16.1 + 13.7 + 11.3 + 5.2 = 46.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.1/35Growth & earnings

Revenue — · PAT — · OPM change 0.4 pp

45% evidence

13.7/25Capital efficiency

ROCE 3.6% · debt/equity 0.65×

80% evidence

11.3/20Valuation

P/E 12.5× · PEG —

15% evidence

5.2/20Relative strength

RS sector -21.3% · RS bench -17.1% · 1Y -18.7%

100% evidence

15. Mesa Laboratories, Inc. · MLAB

45.7/100 · Mixed-negative evidence · 65% evidence

Exact sum: 16.3 + 5.5 + 9.2 + 14.7 = 45.7

Decision use: Price leads the evidence: RS versus the benchmark is 10.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

16.3/35Growth & earnings

Revenue 3.7% · PAT — · OPM change 1.9 pp

62% evidence

5.5/25Capital efficiency

ROCE 0.9% · debt/equity 0.81×

80% evidence

9.2/20Valuation

P/E 73.1× · PEG —

15% evidence

14.7/20Relative strength

RS sector 6.6% · RS bench 10.9% · 1Y 35%

100% evidence

16. Trimble Inc. · TRMB

45.5/100 · Thin evidence · provisional · 59% evidence

Exact sum: 21 + 11.6 + 10.3 + 2.6 = 45.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

21.0/35Growth & earnings

Revenue — · PAT — · OPM change 3.7 pp

45% evidence

11.6/25Capital efficiency

ROCE 1.9% · debt/equity 0.25×

80% evidence

10.3/20Valuation

P/E 33.1× · PEG —

15% evidence

2.6/20Relative strength

RS sector -26.9% · RS bench -22.7% · 1Y -29.4%

100% evidence

17. Itron, Inc. · ITRI

42.5/100 · Mixed-negative evidence · 82% evidence

Exact sum: 9.6 + 9 + 14.6 + 9.3 = 42.5

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

9.6/35Growth & earnings

Revenue -3.9% · PAT 14.5% · OPM change -1.1 pp

83% evidence

9.0/25Capital efficiency

ROCE 2.3% · debt/equity 0.98×

80% evidence

14.6/20Valuation

P/E 14.3× · PEG 0.99

65% evidence

9.3/20Relative strength

RS sector -5.8% · RS bench -0.5% · 1Y -13.1%

100% evidence

18. MicroVision, Inc. · MVIS

24.6/100 · Thin evidence · provisional · 53% evidence

Exact sum: 6.7 + 4.9 + 10 + 3 = 24.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

6.7/35Growth & earnings

Revenue -80% · PAT — · OPM change -129 pp

62% evidence

4.9/25Capital efficiency

ROCE -35.2% · debt/equity 1.32×

68% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

3.0/20Relative strength

RS sector -68.3% · RS bench -66.3% · 1Y -76.9%

70% evidence

19. USBC, Inc. · USBC

45.6/100 · Thin evidence · provisional · 24% evidence

Exact sum: 17.1 + 13.5 + 11.5 + 3.5 = 45.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.1/35Growth & earnings

Revenue — · PAT — · OPM change —

2% evidence

13.5/25Capital efficiency

ROCE — · debt/equity 0×

26% evidence

11.5/20Valuation

P/E 0.9× · PEG —

15% evidence

3.5/20Relative strength

RS sector -58% · RS bench -55% · 1Y -88.1%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Garmin Ltd. has the highest Revenue among the 19 Scientific & Technical Instruments companies compared here, at $7,464 million. Coherent Corp. is next at $6,602 million. ESCO Technologies Inc. has the highest Revenue growth at 30.7%, so level and change sit with different companies. 11 of 19 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Garmin Ltd. is the scale leader at $7,464 million, 13.1% ahead of Coherent Corp.. ESCO Technologies Inc.'s growth is 30.7% from a $1,248 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderGarmin Ltd. · $7,464 million
Gap13.1% versus #2 · Coherent Corp.
Persistence8/8 recent comparable periods
Coverage11/19 companies · 346 observations

Investor read: Garmin Ltd. is the scale benchmark; ESCO Technologies Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Garmin Ltd.'s growth falls below ESCO Technologies Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Garmin Ltd. GRMN$7.5B
2Coherent Corp. COHR$6.6B
3Keysight Technologies, Inc. KEYS$6.1B
4MKS Inc. MKSI$4.1B
5Sensata Technologies Holding plc ST$3.7B
Revenue growthfastest growers
1ESCO Technologies Inc. ESE31%
2Keysight Technologies, Inc. KEYS19%
3Coherent Corp. COHR18%
4Garmin Ltd. GRMN16%
5MKS Inc. MKSI12%
Revenue · company comparison
11/19 level · 10/19 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Fortive Corporation FTV$2.1B41%Jun 2026
Coherent Corp. COHR$1.8B21%Mar 2026
Garmin Ltd. GRMN$1.8B14%Mar 2026
Keysight Technologies, Inc. KEYS$1.7B31%Jun 2026
Teledyne Technologies Incorporated TDY$1.6B7.6%Jun 2026
MKS Inc. MKSI$1.1B15%Mar 2026
Trimble Inc. TRMB$940M12%Jun 2026
Sensata Technologies Holding plc ST$935M2.6%Mar 2026
Vontier Corporation VNT$751M-3.0%Jun 2026
Itron, Inc. ITRI$587M-3.3%Mar 2026
ESCO Technologies Inc. ESE$309M33%Mar 2026
Cognex Corporation CGNX$268M7.6%Jun 2026
Novanta Inc. NOVT$258M7.1%Jun 2026
Badger Meter, Inc. BMI$202M-9.0%Jun 2026
Ituran Location and Control Ltd. ITRN$103M20%Mar 2026
Vishay Precision Group, Inc. VPG$84M12%Jun 2026
Mesa Laboratories, Inc. MLAB$64M3.2%Mar 2026
USBC, Inc. USBC$1M-100%Dec 2025
MicroVision, Inc. MVIS$1M0.0%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

$269M
$285M
$282M
$275M
$210M
$201M
$243M
$197M
$211M
$239M
$235M
$230M
$216M
$249M
$277M
$252M
$268M

Coherent Corp. · COHR

$795M
$807M
$828M
$887M
$1.3B
$1.4B
$1.2B
$1.2B
$1.1B
$1.1B
$1.2B
$1.3B
$1.3B
$1.4B
$1.5B
$1.5B
$1.6B
$1.7B
$1.8B

ESCO Technologies Inc. · ESE

$205M
$177M
$205M
$219M
$256M
$206M
$229M
$249M
$273M
$218M
$249M
$234M
$274M
$215M
$232M
$296M
$353M
$290M
$309M

Fortive Corporation · FTV

$1.3B
$1.3B
$1.4B
$1.5B
$1.5B
$1.5B
$1.5B
$1.5B
$1.5B
$1.6B
$1.0B
$1.6B
$2.0B
$1.5B
$1.0B
$2.1B

Garmin Ltd. · GRMN

$1.2B
$1.4B
$1.2B
$1.2B
$1.1B
$1.3B
$1.1B
$1.3B
$1.5B
$1.4B
$1.5B
$1.6B
$1.8B
$1.5B
$1.8B
$1.8B
$2.1B
$1.8B

Itron, Inc. · ITRI

$487M
$486M
$475M
$432M
$421M
$467M
$495M
$541M
$561M
$577M
$603M
$609M
$615M
$613M
$607M
$607M
$582M
$572M
$587M

Keysight Technologies, Inc. · KEYS

$1.2B
$1.3B
$1.3B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.3B
$1.3B
$1.2B
$1.2B
$1.3B
$1.3B
$1.3B
$1.4B
$1.4B
$1.6B
$1.7B

MKS Inc. · MKSI

$742M
$764M
$742M
$765M
$954M
$1.1B
$794M
$1.0B
$932M
$892M
$868M
$887M
$896M
$934M
$936M
$973M
$988M
$1.0B
$1.1B

Novanta Inc. · NOVT

$168M
$178M
$204M
$215M
$218M
$219M
$229M
$222M
$212M
$231M
$236M
$244M
$238M
$233M
$241M
$248M
$258M
$258M

Sensata Technologies Holding plc · ST

$951M
$935M
$976M
$1.0B
$1.0B
$1.0B
$998M
$1.1B
$1.0B
$992M
$1.0B
$1.0B
$983M
$908M
$911M
$943M
$932M
$918M
$935M

Teledyne Technologies Incorporated · TDY

$1.1B
$1.3B
$1.4B
$1.3B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.4B
$1.5B
$1.5B
$1.5B
$1.5B
$1.6B
$1.6B

Trimble Inc. · TRMB

$945M
$901M
$994M
$941M
$857M
$915M
$994M
$957M
$932M
$953M
$871M
$876M
$983M
$841M
$876M
$901M
$970M
$940M

Revenue growth · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

2.2%
-26%
-29%
-12%
-6.2%
19%
-3.3%
17%
2.4%
4.2%
18%
9.6%
7.6%

Coherent Corp. · COHR

9.8%
69%
70%
50%
36%
-22%
-17%
-2.5%
9.1%
28%
27%
24%
16%
17%
17%
21%

ESCO Technologies Inc. · ESE

21%
25%
16%
12%
14%
6.6%
5.8%
8.7%
-6.0%
0.4%
-1.4%
-6.8%
27%
29%
35%
33%

Fortive Corporation · FTV

11%
18%
11%
2.2%
4.4%
1.7%
-33%
30%
-2.1%
2.3%
41%

Garmin Ltd. · GRMN

-6.5%
-4.4%
-6.2%
-7.6%
16%
14%
31%
20%
23%
11%
20%
12%
17%
14%

Itron, Inc. · ITRI

-12%
-14%
-3.9%
4.2%
25%
33%
24%
22%
13%
9.6%
6.2%
0.7%
-0.3%
-5.4%
-6.7%
-3.3%

Keysight Technologies, Inc. · KEYS

10%
12%
10%
2.9%
0.4%
-9.2%
-8.8%
-13%
-12%
-1.8%
3.1%
7.4%
11%
10%
23%
31%

MKS Inc. · MKSI

2.0%
29%
42%
7.0%
31%
-2.3%
-18%
9.3%
-12%
-3.9%
4.7%
7.8%
9.7%
10%
11%
15%

Novanta Inc. · NOVT

28%
22%
12%
3.3%
-2.8%
5.5%
3.1%
9.9%
12%
0.9%
2.1%
1.6%
8.4%
7.1%

Sensata Technologies Holding plc · ST

2.8%
7.1%
8.6%
2.3%
4.0%
-1.7%
-2.3%
0.9%
-2.5%
-1.8%
-8.5%
-9.5%
-9.0%
-5.2%
1.1%
2.6%

Teledyne Technologies Incorporated · TDY

21%
4.0%
3.1%
4.7%
5.1%
2.9%
-4.8%
-0.7%
1.3%
7.1%
7.4%
10%
6.7%
7.3%
7.6%

Trimble Inc. · TRMB

-0.4%
-4.9%
0.0%
1.7%
8.8%
4.2%
-12%
-8.5%
3.2%
-3.4%
0.0%
-1.3%
12%
02 · compare level, then change

Operating Economics & Margin Trend

Garmin Ltd. has the highest OPM among the 19 Scientific & Technical Instruments companies compared here, at 24.6%. Keysight Technologies, Inc. is next at 23.7%. Keysight Technologies, Inc. has the highest Margin change at +7.9 percentage points, so level and change sit with different companies. 17 of 19 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Garmin Ltd. leads opm at 24.6%; Keysight Technologies, Inc. leads margin change at +7.9 percentage points.

LeaderGarmin Ltd. · 24.6%
Gap3.8% versus #2 · Keysight Technologies, Inc.
Persistence7/8 recent comparable periods
Coverage17/19 companies · 314 observations

Investor read: Garmin Ltd. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Garmin Ltd. GRMN25%
2Keysight Technologies, Inc. KEYS24%
3Cognex Corporation CGNX22%
4Ituran Location and Control Ltd. ITRN22%
5Teledyne Technologies Incorporated TDY19%
Margin changefastest expanders
1Keysight Technologies, Inc. KEYS+7.9 pp
2Coherent Corp. COHR+6.3 pp
3Cognex Corporation CGNX+4.9 pp
4Novanta Inc. NOVT+4.5 pp
5Trimble Inc. TRMB+3.7 pp
Operating margin · company comparison
17/19 level · 18/19 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Garmin Ltd. GRMN25%+2.9 ppMar 2026
Keysight Technologies, Inc. KEYS24%+7.9 ppJun 2026
Cognex Corporation CGNX22%+4.9 ppJun 2026
Ituran Location and Control Ltd. ITRN22%−0.1 ppMar 2026
Teledyne Technologies Incorporated TDY19%+1.0 ppJun 2026
Vontier Corporation VNT18%+0.4 ppJun 2026
Badger Meter, Inc. BMI17%−4.8 ppJun 2026
ESCO Technologies Inc. ESE16%−0.5 ppMar 2026
Trimble Inc. TRMB15%+3.7 ppJun 2026
Sensata Technologies Holding plc ST15%+1.7 ppMar 2026
MKS Inc. MKSI14%+1.9 ppMar 2026
Itron, Inc. ITRI12%−1.1 ppMar 2026
Coherent Corp. COHR11%+6.3 ppMar 2026
Novanta Inc. NOVT11%+4.5 ppJun 2026
Fortive Corporation FTV9.0%−5.6 ppJun 2026
Mesa Laboratories, Inc. MLAB4.3%+1.9 ppMar 2026
Vishay Precision Group, Inc. VPG0.4%−3.2 ppJun 2026
MicroVision, Inc. MVIS-390%−129.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

34%
31%
31%
24%
19%
11%
27%
16%
6.7%
16%
13%
13%
12%
17%
21%
14%
22%

Coherent Corp. · COHR

12%
12%
13%
13%
3.2%
0.6%
5.4%
-13%
-2.0%
2.8%
1.8%
4.8%
5.6%
9.5%
4.8%
0.4%
16%
11%
11%

ESCO Technologies Inc. · ESE

13%
8.8%
11%
14%
17%
10%
11%
16%
16%
10%
13%
17%
21%
13%
16%
15%
19%
13%
16%

Fortive Corporation · FTV

16%
16%
15%
16%
19%
17%
19%
20%
20%
19%
17%
19%
8.3%
15%
16%
9.0%

Garmin Ltd. · GRMN

24%
23%
20%
24%
21%
21%
17%
22%
42%
22%
23%
28%
45%
22%
26%
26%
45%
25%

Itron, Inc. · ITRI

0.9%
-22%
1.4%
-7.8%
1.6%
2.6%
-2.1%
6.5%
9.8%
8.5%
10%
11%
12%
10%
13%
13%
14%
14%
12%

Keysight Technologies, Inc. · KEYS

23%
27%
22%
24%
26%
26%
23%
26%
26%
24%
18%
15%
17%
18%
17%
16%
17%
15%
16%
24%

MKS Inc. · MKSI

24%
24%
23%
21%
12%
15%
0.1%
-169%
13%
2.7%
12%
14%
14%
15%
12%
14%
14%
14%
14%

Novanta Inc. · NOVT

9.5%
8.6%
12%
11%
12%
12%
14%
14%
10%
11%
11%
13%
11%
14%
6.2%
8.8%
9.6%
11%

Sensata Technologies Holding plc · ST

17%
16%
13%
14%
25%
15%
15%
11%
12%
-20%
14%
13%
-20%
8.1%
13%
15%
-13%
11%
15%

Teledyne Technologies Incorporated · TDY

9.3%
15%
14%
17%
17%
18%
19%
18%
18%
19%
17%
18%
19%
16%
18%
18%
18%
20%
19%

Trimble Inc. · TRMB

15%
16%
16%
14%
11%
15%
9.4%
13%
10%
12%
7.1%
13%
18%
12%
15%
17%
22%
15%

Margin change · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

−10.7 pp
−11.6 pp
−19.7 pp
+3.2 pp
−3.6 pp
+5.1 pp
−13.5 pp
−2.1 pp
+5.4 pp
+1.3 pp
+7.5 pp
+0.6 pp
+4.9 pp

Coherent Corp. · COHR

+5.7 pp
−8.8 pp
−11.6 pp
−7.5 pp
−25.8 pp
−5.2 pp
+2.2 pp
−3.6 pp
+17.7 pp
+7.6 pp
+6.7 pp
+3.0 pp
−4.4 pp
+10.8 pp
+1.4 pp
+6.3 pp

ESCO Technologies Inc. · ESE

+3.0 pp
+3.8 pp
+1.4 pp
+0.5 pp
+1.7 pp
−0.6 pp
0.0 pp
+2.0 pp
+1.0 pp
+5.0 pp
+2.6 pp
+2.7 pp
−2.1 pp
−2.4 pp
+0.5 pp
−0.5 pp

Fortive Corporation · FTV

−0.1 pp
+3.5 pp
+3.7 pp
+3.6 pp
+3.3 pp
+0.3 pp
−2.4 pp
−11.5 pp
−4.8 pp
−1.6 pp
−5.6 pp

Garmin Ltd. · GRMN

−4.4 pp
−2.7 pp
−2.1 pp
−6.4 pp
+0.5 pp
+21.8 pp
+5.5 pp
+6.1 pp
+2.8 pp
+0.1 pp
+3.3 pp
−1.8 pp
+0.2 pp
+2.9 pp

Itron, Inc. · ITRI

−6.4 pp
+0.7 pp
+24.7 pp
−3.5 pp
+14.3 pp
+8.2 pp
+5.9 pp
+12.5 pp
+4.1 pp
+2.2 pp
+1.7 pp
+2.2 pp
+2.0 pp
+2.1 pp
+3.6 pp
−1.1 pp

Keysight Technologies, Inc. · KEYS

+3.1 pp
−0.7 pp
+1.6 pp
+1.3 pp
+0.5 pp
−2.1 pp
−5.7 pp
−10.9 pp
−9.6 pp
−6.3 pp
−0.8 pp
+1.2 pp
+0.5 pp
−2.6 pp
−1.3 pp
+7.9 pp

MKS Inc. · MKSI

−3.4 pp
−11.2 pp
−8.8 pp
−23.1 pp
−190.5 pp
+0.3 pp
−12.3 pp
+12.1 pp
+183.4 pp
+1.6 pp
+11.9 pp
−0.3 pp
−0.4 pp
−0.3 pp
−0.8 pp
+1.9 pp

Novanta Inc. · NOVT

+1.3 pp
+3.7 pp
+2.1 pp
+2.9 pp
−2.1 pp
−0.9 pp
−3.1 pp
−0.4 pp
+1.0 pp
+2.8 pp
−4.7 pp
−4.5 pp
−1.6 pp
+4.5 pp

Sensata Technologies Holding plc · ST

−3.0 pp
+7.8 pp
−1.0 pp
+2.0 pp
−2.5 pp
−13.2 pp
−35.3 pp
−0.5 pp
+1.4 pp
−31.9 pp
+28.4 pp
−1.0 pp
+2.1 pp
+7.1 pp
+2.8 pp
+1.7 pp

Teledyne Technologies Incorporated · TDY

+7.6 pp
+3.5 pp
+5.1 pp
+0.6 pp
+1.1 pp
+0.8 pp
−1.9 pp
+0.5 pp
+0.8 pp
−3.0 pp
+0.5 pp
+0.4 pp
−0.4 pp
+4.6 pp
+1.0 pp

Trimble Inc. · TRMB

−1.0 pp
−5.1 pp
−6.4 pp
−1.6 pp
−0.9 pp
−3.5 pp
−2.3 pp
+0.6 pp
+6.1 pp
+4.5 pp
+1.3 pp
+4.7 pp
+3.7 pp
03 · compare level, then change

Profit Scale & Acceleration

Garmin Ltd. has the highest Net profit among the 19 Scientific & Technical Instruments companies compared here, at $1,737 million. Keysight Technologies, Inc. is next at $1,073 million. Coherent Corp. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Garmin Ltd. leads with $1,737 million of TTM profit, 61.9% above Keysight Technologies, Inc.. Coherent Corp. shows ≥100% on the scoring scale (469.5% uncapped) growth from a $467 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGarmin Ltd. · $1,737 million
Gap61.9% versus #2 · Keysight Technologies, Inc.
Persistence7/8 recent comparable periods
Coverage11/19 companies · 349 observations

Investor read: Garmin Ltd. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Garmin Ltd. GRMN$1.7B
2Keysight Technologies, Inc. KEYS$1.1B
3Coherent Corp. COHR$467M
4Trimble Inc. TRMB$457M
5MKS Inc. MKSI$327M
Profit growthfastest growers
1Coherent Corp. COHR100%
2Keysight Technologies, Inc. KEYS45%
3MKS Inc. MKSI43%
4Garmin Ltd. GRMN18%
5ESCO Technologies Inc. ESE17%
Net profit · company comparison
11/19 level · 8/19 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Garmin Ltd. GRMN$405M22%Mar 2026
Keysight Technologies, Inc. KEYS$349M36%Jun 2026
Teledyne Technologies Incorporated TDY$227M20%Jun 2026
Coherent Corp. COHR$182M9,000%Mar 2026
Fortive Corporation FTV$136M-19%Jun 2026
Trimble Inc. TRMB$99M48%Jun 2026
Vontier Corporation VNT$94M2.2%Jun 2026
Sensata Technologies Holding plc ST$87M24%Mar 2026
MKS Inc. MKSI$84M62%Mar 2026
Itron, Inc. ITRI$54M-17%Mar 2026
Cognex Corporation CGNX$52M27%Jun 2026
ESCO Technologies Inc. ESE$34M31%Mar 2026
Badger Meter, Inc. BMI$27M-29%Jun 2026
Novanta Inc. NOVT$21M425%Jun 2026
Ituran Location and Control Ltd. ITRN$17M13%Mar 2026
Vishay Precision Group, Inc. VPG$0M-300%Jun 2026
Mesa Laboratories, Inc. MLAB$-4M-33%Mar 2026
MicroVision, Inc. MVIS$-25MMar 2026
USBC, Inc. USBC$-27MDec 2025
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

$78M
$79M
$67M
$59M
$34M
$26M
$57M
$19M
$12M
$36M
$30M
$28M
$24M
$41M
$18M
$33M
$52M

Coherent Corp. · COHR

$74M
$68M
$49M
$44M
$-39M
$-45M
$3M
$-233M
$-68M
$-28M
$-16M
$-47M
$25M
$102M
$2M
$-84M
$225M
$144M
$182M

ESCO Technologies Inc. · ESE

$21M
$12M
$17M
$23M
$31M
$15M
$18M
$28M
$32M
$15M
$23M
$28M
$40M
$20M
$26M
$25M
$45M
$29M
$34M

Fortive Corporation · FTV

$182M
$153M
$165M
$173M
$227M
$174M
$209M
$218M
$265M
$207M
$195M
$112M
$193M
$113M
$167M
$117M
$192M
$136M

Garmin Ltd. · GRMN

$259M
$286M
$212M
$258M
$211M
$293M
$202M
$288M
$542M
$276M
$301M
$399M
$436M
$333M
$401M
$402M
$529M
$405M

Itron, Inc. · ITRI

$-1M
$-58M
$1M
$-37M
$4M
$22M
$-12M
$25M
$40M
$45M
$52M
$52M
$79M
$59M
$65M
$69M
$66M
$103M
$54M

Keysight Technologies, Inc. · KEYS

$254M
$282M
$229M
$258M
$338M
$299M
$260M
$283M
$288M
$226M
$172M
$126M
$389M
$-73M
$169M
$257M
$191M
$252M
$281M
$349M

MKS Inc. · MKSI

$132M
$150M
$143M
$130M
$6M
$54M
$-42M
$-1.8B
$39M
$-69M
$15M
$23M
$62M
$91M
$52M
$62M
$74M
$107M
$84M

Novanta Inc. · NOVT

$12M
$14M
$19M
$17M
$15M
$18M
$21M
$21M
$13M
$15M
$14M
$19M
$16M
$21M
$4M
$11M
$17M
$21M

Sensata Technologies Holding plc · ST

$85M
$112M
$22M
$35M
$140M
$113M
$86M
$49M
$63M
$-202M
$76M
$72M
$-25M
$6M
$70M
$61M
$-163M
$63M
$87M

Teledyne Technologies Incorporated · TDY

$65M
$134M
$162M
$213M
$171M
$178M
$227M
$179M
$186M
$199M
$179M
$180M
$262M
$199M
$189M
$210M
$221M
$276M
$227M

Trimble Inc. · TRMB

$139M
$124M
$110M
$168M
$86M
$129M
$45M
$75M
$63M
$57M
$1.3B
$41M
$90M
$67M
$89M
$112M
$157M
$99M

Profit growth · reported quarter history

Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

-24%
-57%
-61%
-3.4%
-44%
38%
-47%
47%
100%
14%
-40%
18%
27%

Coherent Corp. · COHR

0.0%
-153%
-166%
-94%
-630%
-633%
800%
41%
9,000%

ESCO Technologies Inc. · ESE

53%
48%
25%
5.9%
22%
3.2%
0.0%
28%
0.0%
25%
33%
13%
-11%
13%
45%
31%

Fortive Corporation · FTV

-5.0%
48%
27%
26%
17%
19%
-6.7%
-49%
-27%
-45%
-14%
4.5%
-0.5%
-19%

Garmin Ltd. · GRMN

-19%
-19%
2.5%
-22%
36%
85%
49%
39%
-20%
21%
33%
0.8%
21%
22%

Itron, Inc. · ITRI

-1,300%
900%
105%
108%
98%
31%
25%
33%
-16%
75%
-17%

Keysight Technologies, Inc. · KEYS

33%
6.0%
14%
9.7%
-15%
-24%
-34%
-55%
35%
-132%
-1.7%
104%
-51%
66%
36%

MKS Inc. · MKSI

-11%
-95%
-64%
-129%
-1,461%
550%
-228%
59%
247%
170%
19%
18%
62%

Novanta Inc. · NOVT

42%
7.1%
11%
24%
-13%
-17%
-33%
-9.5%
23%
40%
-71%
-42%
6.3%
425%

Sensata Technologies Holding plc · ST

-69%
65%
0.9%
291%
40%
-55%
-279%
-12%
47%
-140%
-7.9%
-15%
950%
24%

Teledyne Technologies Incorporated · TDY

163%
33%
40%
-16%
8.8%
12%
-21%
0.6%
41%
0.0%
5.6%
17%
-16%
39%
20%

Trimble Inc. · TRMB

21%
-31%
-59%
-55%
-27%
-56%
2,824%
-45%
58%
-95%
117%
74%
48%
04 · compare level, then change

Capacity Spending & Returns On It

Coherent Corp. has the highest CAPEX among the 19 Scientific & Technical Instruments companies compared here, at $290 million. Garmin Ltd. is next at $67 million. The same company also holds the highest CAPEX intensity, at 16.1%. 19 of 19 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Coherent Corp. reports $290 million of CAPEX; Coherent Corp. has the highest covered intensity at 16.1%. Coverage is only 19 of 19 companies and 338 reported observations, so this is partial evidence—not a complete sector rank.

LeaderCoherent Corp. · $290 million
Gap332.8% versus #2 · Garmin Ltd.
Persistence8/8 recent comparable periods
Coverage19/19 companies · 338 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Coherent Corp. COHR$290M
2Garmin Ltd. GRMN$67M
3Teledyne Technologies Incorporated TDY$31M
4Keysight Technologies, Inc. KEYS$29M
5Fortive Corporation FTV$27M
CAPEX intensityhighest reinvestment intensity
1Coherent Corp. COHR16%
2Ituran Location and Control Ltd. ITRN4.9%
3Garmin Ltd. GRMN3.8%
4Vishay Precision Group, Inc. VPG3.6%
5Vontier Corporation VNT2.9%
Capital expenditure · company comparison
19/19 level · 19/19 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Coherent Corp. COHR$290M16%Mar 2026
Garmin Ltd. GRMN$67M3.8%Mar 2026
Teledyne Technologies Incorporated TDY$31M1.9%Jun 2026
Keysight Technologies, Inc. KEYS$29M1.7%Jun 2026
Fortive Corporation FTV$27M1.3%Jun 2026
MKS Inc. MKSI$25M2.3%Mar 2026
Vontier Corporation VNT$22M2.9%Jun 2026
Sensata Technologies Holding plc ST$18M1.9%Mar 2026
ESCO Technologies Inc. ESE$7M2.3%Mar 2026
Itron, Inc. ITRI$7M1.2%Mar 2026
Trimble Inc. TRMB$6M0.6%Jun 2026
Badger Meter, Inc. BMI$5M2.0%Jun 2026
Ituran Location and Control Ltd. ITRN$5M4.9%Mar 2026
Novanta Inc. NOVT$4M1.6%Jun 2026
Cognex Corporation CGNX$3M1.1%Jun 2026
Vishay Precision Group, Inc. VPG$3M3.6%Jun 2026
Mesa Laboratories, Inc. MLAB$0M0.0%Mar 2026
USBC, Inc. USBC$0M0.0%Dec 2025
MicroVision, Inc. MVIS$0M0.0%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

$4M
$4M
$5M
$7M
$4M
$6M
$5M
$6M
$4M
$5M
$4M
$2M
$3M
$2M
$1M
$3M
$3M

Coherent Corp. · COHR

$48M
$54M
$94M
$118M
$139M
$107M
$97M
$93M
$62M
$91M
$93M
$100M
$92M
$106M
$112M
$131M
$104M
$154M
$290M

ESCO Technologies Inc. · ESE

$9M
$14M
$7M
$5M
$6M
$5M
$6M
$7M
$5M
$8M
$8M
$9M
$9M
$5M
$10M
$9M
$12M
$6M
$7M

Fortive Corporation · FTV

$9M
$11M
$19M
$18M
$25M
$21M
$28M
$26M
$29M
$8M
$21M
$37M
$11M
$30M
$27M

Garmin Ltd. · GRMN

$41M
$60M
$75M
$50M
$59M
$47M
$53M
$49M
$33M
$37M
$39M
$85M
$40M
$46M
$61M
$124M
$67M

Itron, Inc. · ITRI

$7M
$7M
$5M
$5M
$4M
$5M
$7M
$6M
$6M
$9M
$7M
$7M
$7M
$10M
$5M
$6M
$4M
$8M
$7M

Keysight Technologies, Inc. · KEYS

$40M
$73M
$42M
$53M
$32M
$58M
$60M
$53M
$45M
$39M
$47M
$36M
$33M
$38M
$32M
$27M
$31M
$38M
$34M
$29M

MKS Inc. · MKSI

$20M
$24M
$19M
$64M
$26M
$55M
$17M
$18M
$18M
$34M
$18M
$27M
$22M
$51M
$18M
$29M
$51M
$50M
$25M

Novanta Inc. · NOVT

$5M
$6M
$6M
$6M
$4M
$4M
$3M
$7M
$6M
$6M
$5M
$4M
$2M
$4M
$3M
$4M
$4M
$4M

Sensata Technologies Holding plc · ST

$37M
$44M
$36M
$38M
$36M
$40M
$37M
$48M
$52M
$48M
$42M
$45M
$33M
$25M
$24M
$18M

Teledyne Technologies Incorporated · TDY

$21M
$29M
$34M
$21M
$21M
$17M
$34M
$24M
$27M
$23M
$16M
$18M
$21M
$29M
$18M
$30M
$29M
$40M
$30M
$31M

Trimble Inc. · TRMB

$15M
$6M
$13M
$12M
$12M
$7M
$14M
$6M
$6M
$7M
$6M
$7M
$6M
$6M

CAPEX intensity · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

1.5%
1.4%
1.8%
2.5%
1.9%
3.0%
2.1%
3.0%
1.9%
2.1%
1.7%
0.9%
1.4%
0.8%
0.4%
1.2%
1.1%

Coherent Corp. · COHR

6.0%
6.7%
11%
13%
10%
7.8%
7.8%
7.7%
5.9%
8.0%
7.7%
7.6%
6.8%
7.4%
7.5%
8.6%
6.6%
9.1%
16%

ESCO Technologies Inc. · ESE

4.4%
7.9%
3.4%
2.3%
2.3%
2.4%
2.6%
2.8%
1.8%
3.7%
3.2%
3.8%
3.3%
2.3%
4.3%
3.0%
3.4%
2.1%
2.3%

Fortive Corporation · FTV

0.7%
0.8%
1.4%
1.2%
1.7%
1.4%
1.9%
1.7%
1.9%
0.8%
1.1%
2.4%
1.1%
1.3%

Garmin Ltd. · GRMN

3.4%
5.1%
6.0%
4.4%
4.5%
4.1%
4.0%
3.3%
2.4%
2.5%
2.5%
4.7%
2.6%
2.5%
3.4%
5.8%
3.8%

Itron, Inc. · ITRI

1.4%
1.4%
1.1%
1.2%
1.0%
1.1%
1.4%
1.1%
1.1%
1.6%
1.2%
1.1%
1.1%
1.6%
0.8%
1.0%
0.7%
1.4%
1.2%

Keysight Technologies, Inc. · KEYS

3.2%
5.6%
3.4%
3.9%
2.3%
4.0%
4.3%
3.8%
3.3%
3.0%
3.7%
3.0%
2.7%
3.0%
2.5%
2.1%
2.3%
2.7%
2.1%
1.7%

MKS Inc. · MKSI

2.7%
3.1%
2.6%
8.4%
2.7%
5.1%
2.1%
1.8%
1.9%
3.8%
2.1%
3.0%
2.5%
5.5%
1.9%
3.0%
5.2%
4.8%
2.3%

Novanta Inc. · NOVT

3.0%
3.4%
2.9%
2.8%
1.8%
1.8%
1.3%
3.2%
2.8%
2.6%
2.1%
1.6%
0.8%
1.7%
1.2%
1.6%
1.6%
1.6%

Sensata Technologies Holding plc · ST

3.9%
4.7%
3.7%
3.7%
3.5%
3.9%
3.7%
4.5%
5.2%
4.8%
4.2%
4.3%
3.6%
2.7%
2.6%
1.9%

Teledyne Technologies Incorporated · TDY

1.9%
2.2%
2.5%
1.6%
1.5%
1.2%
2.4%
1.7%
1.9%
1.6%
1.2%
1.3%
1.5%
1.9%
1.2%
2.0%
1.9%
2.5%
1.9%

Trimble Inc. · TRMB

1.5%
0.7%
1.3%
1.3%
1.3%
0.7%
1.6%
0.7%
0.6%
0.8%
0.7%
0.8%
0.6%
0.6%
Annual capital allocation · 6-year view
19/19 capacity base · 19/19 OCF · 19/19 CAPEX · 19/19 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

$101M
$117M
$181M
$166M
$158M

Coherent Corp. · COHR

$1.2B
$1.4B
$1.8B
$1.8B
$1.9B

Fortive Corporation · FTV

$396M
$422M
$440M
$233M
$270M

Garmin Ltd. · GRMN

$950M
$1.2B
$1.4B
$1.4B
$1.6B

Itron, Inc. · ITRI

$229M
$193M
$170M
$144M
$142M

MKS Inc. · MKSI

$510M
$1.0B
$1.0B
$1.0B
$1.1B

Novanta Inc. · NOVT

$136M
$147M
$148M
$156M
$160M

Trimble Inc. · TRMB

$374M
$340M
$327M
$188M
$183M

Operating cash flow · fiscal-year history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

$314M
$243M
$113M
$149M
$246M

Coherent Corp. · COHR

$574M
$413M
$634M
$546M
$634M

Fortive Corporation · FTV

$961M
$1.3B
$1.4B
$1.5B
$1.1B

Garmin Ltd. · GRMN

$1.1B
$788M
$1.4B
$1.4B
$1.6B

Itron, Inc. · ITRI

$155M
$25M
$125M
$238M
$406M

MKS Inc. · MKSI

$640M
$529M
$319M
$528M
$645M

Novanta Inc. · NOVT

$95M
$91M
$120M
$159M
$64M

Trimble Inc. · TRMB

$751M
$391M
$597M
$531M
$386M

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

$15M
$20M
$23M
$15M
$9M

Coherent Corp. · COHR

$146M
$314M
$436M
$347M
$441M

Fortive Corporation · FTV

$50M
$96M
$79M
$86M
$105M

Garmin Ltd. · GRMN

$185M
$244M
$194M
$194M
$270M

Itron, Inc. · ITRI

$35M
$20M
$27M
$31M
$23M

MKS Inc. · MKSI

$87M
$164M
$87M
$118M
$148M

Novanta Inc. · NOVT

$20M
$20M
$20M
$17M
$16M

Trimble Inc. · TRMB

$46M
$43M
$42M
$34M
$25M

Free cash flow · fiscal-year history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

$299M
$224M
$90M
$134M
$237M

Coherent Corp. · COHR

$428M
$99M
$198M
$199M
$193M

Fortive Corporation · FTV

$911M
$1.2B
$1.3B
$1.4B
$978M

Garmin Ltd. · GRMN

$950M
$544M
$1.2B
$1.2B
$1.4B

Itron, Inc. · ITRI

$120M
$5M
$98M
$208M
$383M

MKS Inc. · MKSI

$553M
$365M
$232M
$410M
$497M

Novanta Inc. · NOVT

$75M
$71M
$100M
$141M
$48M

Trimble Inc. · TRMB

$704M
$348M
$555M
$498M
$361M
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Badger Meter, Inc. has the lowest Gross debt among the 19 Scientific & Technical Instruments companies compared here, at $0 million. Garmin Ltd. has the lowest Net debt at $2,533 million net cash, so level and change sit with different companies. 19 of 19 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Garmin Ltd. has the clearest covered balance-sheet capacity with $2,533 million net cash and gross debt of $168 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderBadger Meter, Inc. · $0 million
Gapnull versus #2 · USBC, Inc.
Persistence8/8 recent comparable periods
Coverage19/19 companies · 353 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Badger Meter, Inc. BMI$0M
2USBC, Inc. USBC · older report$0M
3Ituran Location and Control Ltd. ITRN$4M
4Vishay Precision Group, Inc. VPG$44M
5MicroVision, Inc. MVIS$53M
Net debtlowest net debt
1Garmin Ltd. GRMN$-2.5B
2Cognex Corporation CGNX$-223M
3Ituran Location and Control Ltd. ITRN$-104M
4Novanta Inc. NOVT$-101M
5Badger Meter, Inc. BMI$-96M
Debt and balance-sheet capacity · company comparison
19/19 level · 19/19 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
MKS Inc. MKSI$4.3B$3.7BMar 2026
Coherent Corp. COHR$3.4B$1.0BMar 2026
Sensata Technologies Holding plc ST$2.9B$2.2BMar 2026
Keysight Technologies, Inc. KEYS$2.8B$347MJun 2026
Teledyne Technologies Incorporated TDY$2.0B$1.7BJun 2026
Vontier Corporation VNT$1.6B$1.4BJun 2026
Itron, Inc. ITRI$1.6B$889MMar 2026
Trimble Inc. TRMB$1.4B$1.2BJun 2026
Fortive Corporation FTV$900M$544MJun 2026
Novanta Inc. NOVT$288M$-101MJun 2026
ESCO Technologies Inc. ESE$191M$99MMar 2026
Garmin Ltd. GRMN$168M$-2.5BMar 2026
Mesa Laboratories, Inc. MLAB$151M$124MMar 2026
Cognex Corporation CGNX$74M$-223MJun 2026
MicroVision, Inc. MVIS$53M$6MMar 2026
Vishay Precision Group, Inc. VPG$44M$-38MJun 2026
Ituran Location and Control Ltd. ITRN$4M$-104MMar 2026
Badger Meter, Inc. BMI$0M$-96MJun 2026
USBC, Inc. USBC$0M$-4MDec 2025
Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

$24M
$27M
$35M
$34M
$33M
$40M
$70M
$68M
$77M
$74M
$77M
$70M
$74M
$83M
$79M
$77M
$74M

Coherent Corp. · COHR

$1.5B
$2.5B
$2.5B
$2.4B
$4.8B
$4.7B
$4.6B
$4.5B
$4.5B
$4.4B
$4.3B
$4.3B
$4.2B
$4.1B
$3.9B
$3.9B
$3.5B
$3.5B
$3.4B

ESCO Technologies Inc. · ESE

$182M
$225M
$222M
$226M
$178M
$170M
$199M
$185M
$139M
$208M
$226M
$208M
$157M
$148M
$124M
$569M
$230M
$189M
$191M

Fortive Corporation · FTV

$2.8B
$3.0B
$3.7B
$3.7B
$3.3B
$3.1B
$3.0B
$2.7B
$0M
$3.9B
$3.8B
$3.9B
$376M
$3.9B
$4.8B
$3.3B
$900M
$900M

Garmin Ltd. · GRMN

$72M
$70M
$82M
$107M
$100M
$111M
$111M
$113M
$106M
$102M
$110M
$135M
$140M
$149M
$156M
$165M
$168M

Itron, Inc. · ITRI

$509M
$508M
$505M
$501M
$499M
$497M
$493M
$490M
$487M
$487M
$487M
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.6B

Keysight Technologies, Inc. · KEYS

$2.0B
$2.0B
$2.0B
$2.0B
$2.0B
$2.0B
$2.0B
$2.0B
$2.0B
$2.0B
$2.1B
$2.0B
$2.0B
$2.0B
$2.0B
$2.8B
$2.8B
$2.8B
$2.8B
$2.8B

MKS Inc. · MKSI

$1.0B
$1.0B
$1.0B
$1.0B
$5.2B
$5.1B
$5.1B
$5.1B
$5.1B
$5.0B
$5.0B
$5.1B
$5.0B
$4.7B
$4.7B
$4.7B
$4.6B
$4.4B
$4.3B

Novanta Inc. · NOVT

$231M
$495M
$469M
$457M
$484M
$471M
$457M
$399M
$400M
$566M
$533M
$510M
$467M
$439M
$511M
$502M
$300M
$288M

Sensata Technologies Holding plc · ST

$4.2B
$4.2B
$4.2B
$4.2B
$4.2B
$4.2B
$4.0B
$3.8B
$3.8B
$3.4B
$3.4B
$3.9B
$3.2B
$3.3B
$3.2B
$3.2B
$3.2B
$2.9B
$2.9B

Teledyne Technologies Incorporated · TDY

$4.9B
$4.6B
$4.1B
$4.3B
$4.1B
$4.1B
$3.9B
$3.8B
$3.4B
$3.2B
$3.2B
$2.8B
$2.8B
$2.6B
$3.0B
$2.6B
$2.5B
$2.5B
$2.5B
$2.0B

Trimble Inc. · TRMB

$1.5B
$1.5B
$1.4B
$1.4B
$1.6B
$2.2B
$3.3B
$3.2B
$3.2B
$3.1B
$1.9B
$1.9B
$1.4B
$1.4B
$1.5B
$1.4B
$1.4B
$1.4B

Net debt · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

$-384M
$-366M
$-280M
$-326M
$-441M
$-341M
$-299M
$-445M
$-201M
$-215M
$-211M
$-176M
$-126M
$-145M
$-221M
$-260M
$-223M

Coherent Corp. · COHR

$-31M
$-181M
$-144M
$-144M
$3.9B
$3.8B
$3.7B
$3.7B
$3.5B
$3.5B
$3.4B
$3.4B
$3.2B
$3.1B
$3.1B
$3.0B
$2.7B
$2.7B
$1.0B

ESCO Technologies Inc. · ESE

$126M
$169M
$168M
$165M
$80M
$118M
$151M
$129M
$97M
$157M
$167M
$145M
$91M
$77M
$67M
$490M
$129M
$85M
$99M

Fortive Corporation · FTV

$1.2B
$2.2B
$3.1B
$3.0B
$2.5B
$2.4B
$2.3B
$2.0B
$-1.9B
$3.2B
$3.1B
$3.0B
$-437M
$3.0B
$3.0B
$2.9B
$524M
$544M

Garmin Ltd. · GRMN

$-1.9B
$-1.8B
$-1.7B
$-1.5B
$-1.4B
$-1.4B
$-1.6B
$-1.9B
$-2.1B
$-2.1B
$-2.3B
$-2.4B
$-2.5B
$-2.4B
$-2.4B
$-2.6B
$-2.5B

Itron, Inc. · ITRI

$320M
$345M
$301M
$292M
$284M
$295M
$297M
$257M
$232M
$185M
$186M
$347M
$287M
$217M
$143M
$48M
$-62M
$248M
$889M

Keysight Technologies, Inc. · KEYS

$-125M
$-29M
$37M
$122M
$177M
$-24M
$-207M
$-475M
$-550M
$-446M
$313M
$382M
$404M
$234M
$-40M
$-353M
$128M
$905M
$594M
$347M

MKS Inc. · MKSI

$149M
$-14M
$-27M
$-54M
$4.4B
$4.2B
$4.3B
$4.4B
$4.2B
$4.1B
$4.1B
$4.2B
$4.2B
$4.0B
$4.0B
$4.0B
$3.9B
$3.8B
$3.7B

Novanta Inc. · NOVT

$97M
$393M
$370M
$357M
$384M
$388M
$366M
$323M
$295M
$472M
$435M
$417M
$353M
$333M
$401M
$413M
$-81M
$-101M

Sensata Technologies Holding plc · ST

$2.3B
$2.5B
$2.6B
$2.7B
$3.1B
$3.0B
$3.0B
$2.9B
$2.9B
$2.9B
$2.9B
$2.9B
$2.7B
$2.7B
$2.6B
$2.5B
$2.4B
$2.4B
$2.2B

Teledyne Technologies Incorporated · TDY

$4.2B
$4.0B
$3.6B
$4.0B
$3.8B
$3.6B
$3.3B
$3.2B
$3.0B
$2.7B
$2.3B
$2.4B
$2.2B
$2.0B
$2.5B
$2.3B
$2.0B
$2.1B
$2.0B
$1.7B

Trimble Inc. · TRMB

$994M
$937M
$1.1B
$1.1B
$1.4B
$1.1B
$3.1B
$2.9B
$3.0B
$2.9B
$957M
$875M
$652M
$1.1B
$1.2B
$1.2B
$1.1B
$1.2B
06 · compare level, then change

Return On Capital Employed

Ituran Location and Control Ltd. has the highest ROCE among the 19 Scientific & Technical Instruments companies compared here, at 8.6%. Badger Meter, Inc. is next at 4.8%. Keysight Technologies, Inc. has the highest ROCE change at +1.9 percentage points, so level and change sit with different companies. Its ROCE series carries 19 reported observations across the 20-quarter window.

What the numbers say: Ituran Location and Control Ltd. leads ROCE at 8.6%, 3.8 percentage points above Badger Meter, Inc.. Keysight Technologies, Inc. has the strongest latest improvement at +1.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderIturan Location and Control Ltd. · 8.6%
Gap79.2% versus #2 · Badger Meter, Inc.
Persistence1/8 recent comparable periods
Coverage18/19 companies · 328 observations

Investor read: Ituran Location and Control Ltd. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Ituran Location and Control Ltd. ITRN8.6%
2Badger Meter, Inc. BMI4.8%
3Garmin Ltd. GRMN4.8%
4Keysight Technologies, Inc. KEYS4.5%
5Vontier Corporation VNT3.6%
ROCE changefastest improvers
1Keysight Technologies, Inc. KEYS+1.9 pp
2Cognex Corporation CGNX+1.0 pp
3Coherent Corp. COHR+0.9 pp
4Novanta Inc. NOVT+0.8 pp
5Ituran Location and Control Ltd. ITRN+0.7 pp
Return on capital · company comparison
18/19 level · 18/19 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Ituran Location and Control Ltd. ITRN8.6%+0.7 ppMar 2026
Garmin Ltd. GRMN4.8%+0.6 ppMar 2026
Badger Meter, Inc. BMI4.8%−1.4 ppJun 2026
Keysight Technologies, Inc. KEYS4.5%+1.9 ppJun 2026
Vontier Corporation VNT3.6%−0.6 ppJun 2026
Cognex Corporation CGNX3.4%+1.0 ppJun 2026
ESCO Technologies Inc. ESE2.8%+0.3 ppMar 2026
Teledyne Technologies Incorporated TDY2.5%+0.4 ppJun 2026
Sensata Technologies Holding plc ST2.3%+0.4 ppMar 2026
Itron, Inc. ITRI2.3%−1.0 ppMar 2026
MKS Inc. MKSI2.1%+0.7 ppMar 2026
Novanta Inc. NOVT2.0%+0.8 ppJun 2026
Trimble Inc. TRMB1.9%+0.6 ppJun 2026
Fortive Corporation FTV1.6%+0.1 ppJun 2026
Coherent Corp. COHR1.4%+0.9 ppMar 2026
Mesa Laboratories, Inc. MLAB0.9%+0.5 ppMar 2026
Vishay Precision Group, Inc. VPG0.1%−0.6 ppJun 2026
MicroVision, Inc. MVIS-35%−19.7 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

4.6%
5.0%
3.6%
2.2%
1.3%
3.7%
1.7%
0.8%
2.1%
1.7%
1.7%
1.5%
2.4%
3.1%
1.9%
3.4%

Coherent Corp. · COHR

1.8%
1.9%
1.9%
1.8%
0.5%
0.1%
0.7%
-1.6%
-0.2%
0.2%
0.2%
0.5%
0.6%
1.0%
0.5%
0.0%
2.0%
1.4%
1.4%

ESCO Technologies Inc. · ESE

2.2%
1.3%
1.8%
2.4%
3.2%
1.6%
1.9%
2.8%
3.2%
1.6%
2.3%
2.7%
4.0%
1.9%
2.5%
2.4%
3.9%
2.3%
2.8%

Fortive Corporation · FTV

1.5%
1.7%
1.8%
2.2%
1.8%
2.2%
2.2%
2.2%
2.1%
2.1%
1.2%
2.1%
1.1%
1.5%
1.3%
1.9%
1.6%

Garmin Ltd. · GRMN

4.9%
5.1%
3.6%
4.8%
3.9%
8.3%
3.0%
4.5%
9.3%
4.2%
5.0%
6.1%
6.7%
4.2%
6.0%
5.5%
7.1%
4.8%

Itron, Inc. · ITRI

0.2%
-5.4%
0.3%
-1.8%
0.4%
0.7%
-0.5%
1.9%
2.9%
2.5%
3.1%
2.8%
3.1%
2.5%
3.3%
2.8%
2.9%
2.8%
2.3%

Keysight Technologies, Inc. · KEYS

5.5%
4.2%
5.1%
5.4%
5.8%
4.8%
5.2%
5.2%
4.8%
3.2%
2.5%
2.8%
3.2%
2.9%
2.6%
2.8%
2.5%
2.8%
4.5%

MKS Inc. · MKSI

4.8%
4.8%
4.4%
4.1%
1.7%
2.2%
0.0%
-27%
1.3%
0.3%
1.1%
1.5%
1.5%
1.7%
1.4%
1.7%
1.7%
1.8%
2.1%

Novanta Inc. · NOVT

1.7%
2.8%
2.6%
2.5%
2.5%
3.1%
2.9%
2.0%
2.2%
2.2%
2.8%
2.3%
2.6%
1.2%
1.7%
1.8%
2.0%

Sensata Technologies Holding plc · ST

2.3%
2.1%
1.7%
1.8%
3.3%
2.0%
2.0%
1.5%
1.5%
-2.8%
2.0%
1.8%
-2.8%
1.1%
1.9%
2.1%
-1.9%
1.6%
2.3%

Teledyne Technologies Incorporated · TDY

2.2%
2.3%
2.3%
1.8%
1.9%
2.1%
1.9%
2.0%
2.1%
1.8%
1.9%
2.1%
1.8%
2.0%
2.1%
2.1%
2.5%
2.2%
2.5%

Trimble Inc. · TRMB

2.6%
2.7%
2.4%
1.7%
2.2%
1.4%
1.8%
1.4%
1.6%
0.8%
1.5%
2.3%
1.3%
1.7%
1.9%
2.8%
1.9%

ROCE change · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

−2.4 pp
−3.7 pp
+0.1 pp
−0.5 pp
+0.8 pp
−2.0 pp
0.0 pp
+0.7 pp
+0.3 pp
+1.4 pp
+0.2 pp
+1.0 pp

Coherent Corp. · COHR

−1.3 pp
−1.8 pp
−1.2 pp
−3.4 pp
−0.7 pp
+0.1 pp
−0.5 pp
+2.1 pp
+0.8 pp
+0.8 pp
+0.3 pp
−0.5 pp
+1.4 pp
+0.4 pp
+0.9 pp

ESCO Technologies Inc. · ESE

+1.0 pp
+0.3 pp
+0.1 pp
+0.4 pp
0.0 pp
0.0 pp
+0.4 pp
−0.1 pp
+0.8 pp
+0.3 pp
+0.2 pp
−0.3 pp
−0.1 pp
+0.4 pp
+0.3 pp

Fortive Corporation · FTV

+0.7 pp
+0.5 pp
+0.4 pp
0.0 pp
+0.3 pp
−0.1 pp
−1.0 pp
−0.1 pp
−1.0 pp
−0.6 pp
+0.1 pp
−0.2 pp
+0.1 pp

Garmin Ltd. · GRMN

−1.0 pp
+3.2 pp
−1.8 pp
+0.6 pp
+1.0 pp
+2.0 pp
+1.6 pp
−2.6 pp
0.0 pp
+1.0 pp
−0.6 pp
+0.4 pp
+0.6 pp

Itron, Inc. · ITRI

+0.2 pp
+6.1 pp
−0.8 pp
+3.7 pp
+2.5 pp
+1.8 pp
+3.6 pp
+0.9 pp
+0.2 pp
0.0 pp
+0.2 pp
0.0 pp
−0.2 pp
+0.3 pp
−1.0 pp

Keysight Technologies, Inc. · KEYS

+0.3 pp
+0.6 pp
+0.1 pp
−0.2 pp
−1.0 pp
−1.6 pp
−2.7 pp
−2.4 pp
−1.6 pp
−0.3 pp
+0.1 pp
0.0 pp
−0.7 pp
−0.1 pp
+1.9 pp

MKS Inc. · MKSI

−3.1 pp
−2.6 pp
−4.4 pp
−30.8 pp
−0.4 pp
−1.9 pp
+1.1 pp
+28.2 pp
+0.2 pp
+1.4 pp
+0.3 pp
+0.2 pp
+0.2 pp
+0.1 pp
+0.7 pp

Novanta Inc. · NOVT

+0.8 pp
+0.3 pp
+0.3 pp
−0.5 pp
−0.3 pp
−0.9 pp
−0.1 pp
+0.3 pp
+0.4 pp
−1.0 pp
−1.1 pp
−0.5 pp
+0.8 pp

Sensata Technologies Holding plc · ST

+1.0 pp
−0.1 pp
+0.3 pp
−0.3 pp
−1.8 pp
−4.8 pp
0.0 pp
+0.3 pp
−4.3 pp
+3.9 pp
−0.1 pp
+0.3 pp
+0.9 pp
+0.5 pp
+0.4 pp

Teledyne Technologies Incorporated · TDY

−0.3 pp
−0.2 pp
−0.4 pp
+0.2 pp
+0.2 pp
−0.3 pp
0.0 pp
+0.1 pp
−0.3 pp
+0.2 pp
+0.2 pp
0.0 pp
+0.7 pp
+0.2 pp
+0.4 pp

Trimble Inc. · TRMB

−0.9 pp
−1.3 pp
−0.6 pp
−0.3 pp
−0.6 pp
−0.6 pp
−0.3 pp
+0.7 pp
+0.5 pp
+0.2 pp
+0.5 pp
+0.6 pp
07 · compare level, then change

Valuation Against Growth & Quality

Sensata Technologies Holding plc has the lowest Guarded PEG among the 19 Scientific & Technical Instruments companies compared here, at 0.3×. Itron, Inc. is next at 0.99×. USBC, Inc. has the lowest P/E at 0.95×, so level and change sit with different companies. 7 of 19 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Sensata Technologies Holding plc has the lowest comparable Guarded PEG at 0.3×, 69.7% below Itron, Inc.. Only 7 of 19 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderSensata Technologies Holding plc · 0.3×
Gap69.7% versus #2 · Itron, Inc.
Persistence0/8 recent comparable periods
Coverage7/19 companies · 70 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Sensata Technologies Holding plc ST0.3
2Itron, Inc. ITRI1.0
3MKS Inc. MKSI1.1
4Keysight Technologies, Inc. KEYS1.4
5Garmin Ltd. GRMN1.4
P/Elowest P/E
1USBC, Inc. USBC · older report1.0
2Vontier Corporation VNT12.5
3Itron, Inc. ITRI14.3
4Ituran Location and Control Ltd. ITRN16.2
5Garmin Ltd. GRMN25.7
Valuation · company comparison
7/19 level · 18/19 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
ESCO Technologies Inc. ESE6.054.2Mar 2026
Cognex Corporation CGNX5.458.5Jun 2026
Badger Meter, Inc. BMI2.734.7Jun 2026
Teledyne Technologies Incorporated TDY2.330.1Jun 2026
Ituran Location and Control Ltd. ITRN1.816.2Mar 2026
Fortive Corporation FTV1.730.2Jun 2026
Garmin Ltd. GRMN1.425.7Mar 2026
Keysight Technologies, Inc. KEYS1.457.6Jun 2026
MKS Inc. MKSI1.148.1Mar 2026
Itron, Inc. ITRI1.014.3Mar 2026
Vontier Corporation VNT0.912.5Jun 2026
Sensata Technologies Holding plc ST0.3113.6Mar 2026
Coherent Corp. COHR114.0Mar 2026
Trimble Inc. TRMB33.1Jun 2026
Novanta Inc. NOVT84.8Jun 2026
Vishay Precision Group, Inc. VPG99.5Jun 2026
Mesa Laboratories, Inc. MLAB73.1Mar 2026
USBC, Inc. USBC1.0Dec 2025
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Badger Meter, Inc. · BMI

3.1
2.8
1.8
1.3
1.1
1.1
1.4
1.5
1.4
2.7
2.3
2.7

Cognex Corporation · CGNX

5.0
5.4

ESCO Technologies Inc. · ESE

0.8
1.0
2.2
3.5
2.0
2.9
2.1
1.3
1.3
2.1
1.1
2.9
6.0

Fortive Corporation · FTV

1.1
1.7

Garmin Ltd. · GRMN

2.4
2.4
1.4
1.4

Itron, Inc. · ITRI

0.3
0.5
1.6
0.6
1.0

Ituran Location and Control Ltd. · ITRN

0.7
0.4
0.5
0.4
0.4
0.5
0.7
0.9
1.2
1.5
1.4
2.0
1.8

Keysight Technologies, Inc. · KEYS

1.2
0.9
0.7
1.4

MKS Inc. · MKSI

0.7
1.1

Sensata Technologies Holding plc · ST

1.2
0.3

Teledyne Technologies Incorporated · TDY

0.9
2.0
2.9
3.2
2.2
1.6
2.8
2.3

Vontier Corporation · VNT

0.3
0.6
0.9

P/E · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

49.3
50.4
29.8
34.3
49.6
56.6
46.6
73.1
101.7
77.4
57.8
44.1
44.3
71.6
52.9
58.5

Coherent Corp. · COHR

23.9
31.2
40.1
35.1
89.4
156.1
182.7
114.0

ESCO Technologies Inc. · ESE

31.8
37.8
28.8
24.9
23.2
26.6
28.6
29.4
29.2
32.5
28.1
27.2
32.7
29.9
33.4
41.4
18.3
38.7
54.2

Fortive Corporation · FTV

11.8
25.4
23.0
55.0
24.0
25.0
24.0
22.8
25.6
22.4
27.1
23.9
27.8
28.2
25.0
31.9
30.2

Garmin Ltd. · GRMN

29.5
24.0
21.0
19.1
16.6
18.3
20.2
20.2
19.2
21.0
22.8
22.1
28.7
28.1
25.7
29.6
23.9
25.7

Itron, Inc. · ITRI

1,260.5
84.8
37.2
35.8
26.6
24.4
21.9
21.0
19.1
22.5
22.4
14.3
14.3

Keysight Technologies, Inc. · KEYS

37.7
33.0
25.4
26.9
28.2
28.1
22.1
25.6
20.7
28.1
32.2
26.8
42.5
51.1
34.1
52.2
37.3
39.0
57.6

MKS Inc. · MKSI

16.2
17.6
14.6
10.3
10.8
15.2
34.4
1,187.1
241.6
37.2
23.9
25.2
30.0
36.6
48.1

Novanta Inc. · NOVT

111.1
87.2
67.2
66.0
77.6
86.0
68.3
83.4
90.6
94.3
105.7
86.3
65.9
76.5
68.7
81.0
84.8

Sensata Technologies Holding plc · ST

23.3
27.1
24.5
26.0
18.9
20.3
20.6
17.8
18.6
934.8
33.4
30.0
40.2
72.4
113.6

Teledyne Technologies Incorporated · TDY

43.7
43.5
39.1
26.6
22.9
24.2
28.3
25.6
24.8
23.2
21.1
22.0
27.4
28.3
28.1
33.4
27.4
30.0
30.1

Trimble Inc. · TRMB

38.1
37.7
28.3
27.8
27.7
38.1
40.1
42.3
66.4
9.1
10.3
11.6
8.9
68.0
53.7
43.6
33.1
08 · compare level, then change

Enterprise Value & Book Value

Ituran Location and Control Ltd. has the lowest EV/EBITDA among the 19 Scientific & Technical Instruments companies compared here, at 8.77×. Vontier Corporation is next at 9.25×. Vishay Precision Group, Inc. has the lowest P/BV at 1.78×, so level and change sit with different companies. 18 of 19 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Ituran Location and Control Ltd. leads ev/ebitda at 8.77×; Vishay Precision Group, Inc. leads p/bv at 1.78×.

LeaderIturan Location and Control Ltd. · 8.77×
Gap5.2% versus #2 · Vontier Corporation
Persistence0/8 recent comparable periods
Coverage18/19 companies · 315 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Ituran Location and Control Ltd. ITRN8.8
2Vontier Corporation VNT9.3
3Itron, Inc. ITRI13.5
4Fortive Corporation FTV14.6
5Mesa Laboratories, Inc. MLAB14.7
P/BVlowest P/BV
1Vishay Precision Group, Inc. VPG1.8
2Sensata Technologies Holding plc ST1.8
3Itron, Inc. ITRI2.5
4Teledyne Technologies Incorporated TDY2.6
5Mesa Laboratories, Inc. MLAB2.6
Enterprise and book valuation · company comparison
18/19 level · 19/19 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
USBC, Inc. USBC1,637.43.0Dec 2025
Coherent Corp. COHR46.04.4Mar 2026
Keysight Technologies, Inc. KEYS41.29.5Jun 2026
Cognex Corporation CGNX35.25.5Jun 2026
Novanta Inc. NOVT26.83.2Jun 2026
ESCO Technologies Inc. ESE25.04.6Mar 2026
MKS Inc. MKSI21.15.5Mar 2026
Badger Meter, Inc. BMI21.06.3Jun 2026
Trimble Inc. TRMB19.42.7Jun 2026
Teledyne Technologies Incorporated TDY19.42.6Jun 2026
Garmin Ltd. GRMN19.34.8Mar 2026
Vishay Precision Group, Inc. VPG18.41.8Jun 2026
Sensata Technologies Holding plc ST15.21.8Mar 2026
Mesa Laboratories, Inc. MLAB14.72.6Mar 2026
Fortive Corporation FTV14.62.8Jun 2026
Itron, Inc. ITRI13.62.5Mar 2026
Vontier Corporation VNT9.34.0Jun 2026
Ituran Location and Control Ltd. ITRN8.84.7Mar 2026
MicroVision, Inc. MVIS5.2Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

41.3
38.7
22.9
25.1
40.8
46.4
35.7
47.9
62.9
52.0
40.2
30.8
31.2
39.3
29.7
35.2

Coherent Corp. · COHR

11.8
13.4
13.7
9.3
15.6
15.3
14.9
20.9
15.5
18.7
30.8
26.1
24.6
24.2
17.6
23.4
22.6
36.2
46.0

ESCO Technologies Inc. · ESE

17.2
20.1
15.2
13.6
12.4
14.4
15.4
15.7
16.6
17.4
15.3
14.8
17.1
16.6
19.5
24.2
22.5
19.0
25.0

Fortive Corporation · FTV

18.1
15.6
13.8
13.5
14.0
14.4
13.8
17.6
15.6
13.3
14.8
16.4
15.0
15.7
14.5
15.4
14.6

Garmin Ltd. · GRMN

22.0
19.8
17.4
15.9
13.5
14.8
15.4
15.9
9.7
19.3
20.4
19.5
11.3
21.4
19.4
22.3
9.4
19.3

Itron, Inc. · ITRI

25.1
713.9
43.9
71.4
33.6
20.0
19.7
17.4
16.9
16.8
16.0
14.8
17.7
16.2
12.3
13.6

Keysight Technologies, Inc. · KEYS

23.9
21.9
17.3
19.1
19.9
19.8
15.5
17.1
13.3
18.2
19.8
21.0
23.5
28.0
21.9
24.4
28.0
30.9
41.2

MKS Inc. · MKSI

11.2
12.0
10.1
7.0
12.6
11.9
13.7
17.6
15.5
13.1
11.1
12.5
14.1
16.6
21.1

Novanta Inc. · NOVT

58.5
43.3
33.9
33.5
39.0
42.7
33.5
40.3
42.8
41.0
42.7
35.2
28.7
30.9
26.0
26.7
26.8

Sensata Technologies Holding plc · ST

12.2
13.7
12.3
10.8
9.4
9.6
10.8
10.1
10.3
17.5
17.5
17.6
19.5
48.6
51.4
14.7
14.0
15.2

Teledyne Technologies Incorporated · TDY

29.1
24.1
22.9
17.1
15.6
16.9
18.4
16.7
16.2
17.0
15.5
16.9
18.5
19.4
19.2
21.0
17.5
19.3
19.4

Trimble Inc. · TRMB

39.7
33.4
27.2
20.3
28.8
36.0
36.4
23.0
27.0
22.6
25.4
26.0
21.8
27.8
27.1
24.8
19.4

P/BV · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Cognex Corporation · CGNX

9.6
10.0
5.4
5.2
5.9
6.5
4.9
4.9
5.3
4.4
4.0
3.5
3.5
5.2
4.0
5.5

Coherent Corp. · COHR

1.8
2.1
2.1
1.5
1.0
0.9
1.0
0.7
1.0
1.2
1.7
2.1
2.5
2.8
1.9
2.5
1.4
4.1
4.4

ESCO Technologies Inc. · ESE

2.0
2.3
1.8
1.7
1.8
2.1
2.3
2.4
2.4
2.6
2.4
2.3
2.7
2.8
3.2
3.7
3.5
3.2
4.6

Fortive Corporation · FTV

2.1
1.7
1.6
1.8
1.8
2.0
2.0
1.9
2.2
1.9
2.0
1.9
1.8
1.8
2.4
2.7
2.8

Garmin Ltd. · GRMN

5.7
4.2
3.6
3.3
2.7
3.0
3.3
3.5
4.0
4.5
4.5
5.1
5.0
4.9
5.5
4.4
4.8

Itron, Inc. · ITRI

2.9
2.8
2.1
2.0
1.7
2.0
2.2
2.7
2.2
2.6
3.1
3.6
3.6
3.5
3.2
3.7
3.4
2.4
2.5

Keysight Technologies, Inc. · KEYS

8.7
8.1
6.7
7.4
7.5
7.3
5.5
5.8
4.6
5.6
5.3
4.6
5.0
5.9
4.6
5.0
5.3
6.0
9.5

MKS Inc. · MKSI

3.1
3.4
2.8
1.8
1.3
1.3
1.3
2.9
2.3
2.8
3.7
3.9
3.1
3.0
2.3
2.6
3.2
4.0
5.5

Novanta Inc. · NOVT

10.9
9.4
8.0
8.4
9.5
10.5
8.0
9.0
9.2
8.3
8.5
7.4
6.0
5.8
4.5
3.2
3.2

Sensata Technologies Holding plc · ST

2.9
3.0
2.6
2.1
1.9
2.0
2.4
2.1
1.8
1.9
1.9
1.9
1.8
1.4
1.2
1.5
1.6
1.7
1.8

Teledyne Technologies Incorporated · TDY

2.8
2.7
2.8
2.3
2.1
2.3
2.5
2.3
2.2
2.2
2.0
2.1
2.3
2.3
2.3
2.6
2.3
2.6

Trimble Inc. · TRMB

5.4
4.6
3.7
3.1
3.1
3.0
3.1
2.9
3.6
2.4
2.6
3.0
2.5
3.3
3.3
3.2
2.7
09 · let price answer last

Market action

Vishay Precision Group, Inc. has the strongest one-year price move in Scientific & Technical Instruments at +256.1%. It also leads on Mansfield relative strength against the S&P 500 at +51.7%. 13 of 19 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Scientific & Technical Instruments comparison names 5 specific ways its own evidence can mislead, all listed below. 1 of the 19 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
10 · the complete set

Which companies are included?

All 19 companies in the canonical Scientific & Technical Instruments membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Keysight Technologies, Inc. KEYS20/26 WEEKS$52.2B$3052026-07-28Jun 2026
Garmin Ltd. GRMN$48.9B$2542026-07-28Mar 2026
Coherent Corp. COHR22/26 WEEKS$47.6B$2432026-07-28Mar 2026
Teledyne Technologies Incorporated TDY$30.1B$6502026-07-28Jun 2026
Fortive Corporation FTV$19.4B$64.12026-07-28Jun 2026
MKS Inc. MKSIAHEAD26/26 WEEKS$19.3B$2852026-07-28Mar 2026
Trimble Inc. TRMB$13.6B$58.42026-07-28Jun 2026
Cognex Corporation CGNXAHEAD26/26 WEEKS$10.0B$60.42026-07-28Jun 2026
ESCO Technologies Inc. ESE19/26 WEEKS$8.2B$3162026-07-28Mar 2026
Sensata Technologies Holding plc STAHEAD26/26 WEEKS$6.8B$46.72026-07-28Mar 2026
Novanta Inc. NOVTAHEAD20/26 WEEKS$5.3B$1422026-07-28Jun 2026
Itron, Inc. ITRI$4.7B$1072026-07-28Mar 2026
Vontier Corporation VNT$4.6B$32.82026-07-28Jun 2026
Badger Meter, Inc. BMI$3.9B$1352026-07-28Jun 2026
Vishay Precision Group, Inc. VPGAHEAD26/26 WEEKS$1.2B$91.92026-07-28Jun 2026
Ituran Location and Control Ltd. ITRN21/26 WEEKS$1.1B$54.72026-07-28Mar 2026
Mesa Laboratories, Inc. MLAB20/26 WEEKS$566M$1012026-07-28Mar 2026
USBC, Inc. USBC$123M$0.32026-07-28Dec 2025
MicroVision, Inc. MVIS$95M$0.32026-07-24Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 19 Scientific & Technical Instruments companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Scientific & Technical Instruments company comparison FAQs

These 18 answers restate the Scientific & Technical Instruments comparison above in question form. Every one is computed from the same 19 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Scientific & Technical Instruments company is the biggest?

Garmin Ltd. is the largest, with trailing-twelve-month revenue of $7,464 million, ahead of Coherent Corp. at $6,602 million. That covers 11 of 19 companies with comparable reporting through Mar 2026.

Which Scientific & Technical Instruments company is growing fastest?

ESCO Technologies Inc. has the fastest revenue growth at 30.7% year on year, across 10 of 19 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Scientific & Technical Instruments company has the best profit margins?

Garmin Ltd. has the highest operating margin at 24.6%, from 17 of 19 comparable companies. Keysight Technologies, Inc. shows the biggest recent improvement, at +7.9 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Scientific & Technical Instruments company makes the most profit?

Garmin Ltd. earns the most, at $1,737 million of trailing-twelve-month net profit, from 11 of 19 comparable companies. Coherent Corp. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Scientific & Technical Instruments company earns the highest return on capital?

Ituran Location and Control Ltd. leads on return on capital employed at 8.6%, across 18 of 19 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Scientific & Technical Instruments stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Sensata Technologies Holding plc screens cheapest at 0.3×. Only 7 of 19 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Scientific & Technical Instruments company has the strongest balance sheet?

Badger Meter, Inc. carries the lowest comparable gross debt at $0 million, from 19 of 19 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Scientific & Technical Instruments company is investing most in new capacity?

Coherent Corp. reports the largest capital spending at $290 million, across 19 of 19 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Scientific & Technical Instruments sector beating the market?

Scientific & Technical Instruments has outperformed S&P 500 by 5.8% over the last 52 weeks and 1.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 13 of 19 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Scientific & Technical Instruments stock has the strongest price momentum?

Vishay Precision Group, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Scientific & Technical Instruments company scores highest for research priority?

Keysight Technologies, Inc. scores 67.8 out of 100 with 86.2% evidence confidence, from 30.7 points on growth and earnings, 14.3 on capital efficiency, 10.6 on valuation and 12.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Scientific & Technical Instruments companies does this comparison cover, and over what period?

It compares 19 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Scientific & Technical Instruments sector?

The 19 Scientific & Technical Instruments companies on this page carry $277,782 million of combined market value. Keysight Technologies, Inc. is the largest at $52,152 million, about 19% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Scientific & Technical Instruments sector's P/E ratio?

The median price-to-earnings ratio across the 19 Scientific & Technical Instruments companies on this page is 48.1×, measured on the 18 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Scientific & Technical Instruments sector performing?

13 of the 19 covered Scientific & Technical Instruments companies are beating S&P 500 on Mansfield relative strength. The sector itself is 5.8% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Scientific & Technical Instruments stocks are listed in the US?

This comparison covers 19 listed Scientific & Technical Instruments companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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