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Azenta share price today

Azenta, Inc. · AZTA · Healthcare · Medical Instruments & Supplies · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

Azenta share price: $39.14 at the close on 4 November 2026, +33.3% in a year.

$39.14Price +33.3% in a year
$161 MRevenue (Jun 2026) +12.0% on a year ago
$2.5 MProfit (Jun 2026)
−2.3%Operating margin −1.5 points on a year ago
−3%ROE FY25
−1.8%ROIC against a 12.0% cost of capital: −13.8 points

Azenta, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been between phases. Over the last four quarters, results have been mixed, and −14% of the last 2 years' profit came in as cash. What will decide it: the next one or two quarters of results.

What is the Azenta share price today?

Azenta, Inc.'s share price was $39.14 at the close on 4 November 2026. That is 38.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between $16 and $40, and at that close it sat 96% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 21 weeks in a row.

Nov 2026: $39.14, 38.2% above its 200-day average.

  • Price $39.14
  • 50-day avg $35.13
  • 200-day avg $28.33
Nov 2026: $39.14, 38.2% above its 200-day average.
WeekPrice50-day avg200-day avg
11 Jul 2025$33.47––
18 Jul 2025$31.16––
25 Jul 2025$34.43––
1 Aug 2025$32.34––
8 Aug 2025$29.03––
15 Aug 2025$30.39––
22 Aug 2025$31.55––
29 Aug 2025$30.54––
5 Sep 2025$30.30––
12 Sep 2025$29.66––
19 Sep 2025$31.09$30.96–
26 Sep 2025$28.56$30.70–
3 Oct 2025$32.45$30.47–
10 Oct 2025$29.81$30.23–
17 Oct 2025$30.97$30.36–
24 Oct 2025$32.28$30.57–
31 Oct 2025$30.20$30.62–
7 Nov 2025$29.37$30.57–
14 Nov 2025$29.75$30.60–
21 Nov 2025$34.89$30.69–
28 Nov 2025$35.56$31.18–
5 Dec 2025$35.05$31.67–
12 Dec 2025$35.30$32.30–
19 Dec 2025$34.43$32.58–
26 Dec 2025$34.75$32.89–
2 Jan 2026$33.39$33.08–
9 Jan 2026$37.92$33.60–
16 Jan 2026$40.00$34.50–
23 Jan 2026$40.05$35.32–
30 Jan 2026$38.88$36.25–
6 Feb 2026$28.72$36.22–
13 Feb 2026$28.62$35.56–
20 Feb 2026$29.28$35.09–
27 Feb 2026$26.98$34.26–
6 Mar 2026$24.30$33.30–
13 Mar 2026$21.42$32.08–
20 Mar 2026$20.19$30.65–
27 Mar 2026$19.90$28.93–
2 Apr 2026$22.63$27.44–
10 Apr 2026$22.21$25.66–
17 Apr 2026$25.04$24.49–
24 Apr 2026$25.91$24.15$30.55
1 May 2026$24.91$23.70$30.34
8 May 2026$19.22$22.98$30.05
15 May 2026$16.02$22.14$29.63
22 May 2026$20.18$21.70$29.33
29 May 2026$22.88$21.72$29.19
5 Jun 2026$22.69$21.96$29.00
12 Jun 2026$22.59$22.14$28.80
18 Jun 2026$23.31$22.19$28.66
26 Jun 2026$25.50$22.22$28.51
2 Jul 2026$25.84$22.24$28.42
10 Jul 2026$25.36$22.23$28.28
17 Jul 2026$26.29$22.42$28.21
24 Jul 2026$27.37$23.30$28.11
31 Jul 2026$28.13$24.46$28.04
7 Aug 2026$32.04$25.55$28.03
14 Aug 2026$33.38$26.58$28.07
21 Aug 2026$37.40$27.84$28.19
28 Aug 2026$32.95$28.88$28.27
4 Sep 2026$31.33$29.73$28.31
11 Sep 2026$30.85$30.11$28.30
18 Sep 2026$33.24$30.88$28.22
25 Sep 2026$34.02$31.68$28.19
2 Oct 2026$38.75$32.52$28.17
9 Oct 2026$37.72$33.54$28.27
16 Oct 2026$34.09$34.19$28.32
23 Oct 2026$36.50$34.47$28.34
30 Oct 2026$39.06$34.97$28.37
4 Nov 2026$39.14$35.13$28.33
Weekly closing price ($) with its 50-day and 200-day averages. 1-year window.

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?

Ahead in 32 of 57 weeks

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
11 Jul 2025no S&P 500 reading
18 Jul 2025no S&P 500 reading
25 Jul 2025no S&P 500 reading
1 Aug 2025no S&P 500 reading
8 Aug 2025no S&P 500 reading
15 Aug 2025no S&P 500 reading
22 Aug 2025no S&P 500 reading
29 Aug 2025no S&P 500 reading
5 Sep 2025no S&P 500 reading
12 Sep 2025no S&P 500 reading
19 Sep 2025no S&P 500 reading
26 Sep 2025no S&P 500 reading
3 Oct 2025no S&P 500 reading
10 Oct 2025−15.6%
17 Oct 2025−6.5%
24 Oct 2025−12.5%
31 Oct 2025−16.3%
7 Nov 2025−4.1%
14 Nov 2025−6.5%
21 Nov 2025+8.5%
28 Nov 2025+10.5%
5 Dec 2025+9.7%
12 Dec 2025+15.3%
19 Dec 2025+8.2%
26 Dec 2025+17.4%
2 Jan 2026+0.8%
9 Jan 2026+20.9%
16 Jan 2026+25.1%
23 Jan 2026+22.3%
30 Jan 2026+27.3%
6 Feb 2026−5.1%
13 Feb 2026−5.3%
20 Feb 2026−20.7%
27 Feb 2026−24.5%
6 Mar 2026−28.7%
13 Mar 2026−36.5%
20 Mar 2026−36.7%
27 Mar 2026−34.6%
2 Apr 2026−28.2%
10 Apr 2026−39.3%
17 Apr 2026−40.1%
24 Apr 2026−38.9%
1 May 2026−40.1%
8 May 2026−39.9%
15 May 2026−52.4%
22 May 2026−39.2%
29 May 2026−25.5%
5 Jun 2026−16.3%
12 Jun 2026−6.5%
18 Jun 2026+0.3%
26 Jun 2026+13.2%
2 Jul 2026+0.6%
10 Jul 2026+3.1%
17 Jul 2026+0.3%
24 Jul 2026+2.1%
31 Jul 2026+9.3%
7 Aug 2026+61.9%
14 Aug 2026+103.3%
21 Aug 2026+82.6%
28 Aug 2026+42.3%
4 Sep 2026+33.7%
11 Sep 2026+33.5%
18 Sep 2026+40.6%
25 Sep 2026+27.6%
2 Oct 2026+46.6%
9 Oct 2026+45.6%
16 Oct 2026+27.0%
23 Oct 2026+30.5%
30 Oct 2026+37.7%
4 Nov 2026+23.0%
Each bar is one week, from 2025 to now (57 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved +17% while the S&P 500 moved +23%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Azenta pay?

Azenta, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is Azenta on?

Azenta is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is Azenta profitable?

Azenta, Inc. earned $2.5 M of net profit in the Jun 2026 quarter. The full FY25 year was a loss of $55.8 M. That is 1.5% of the quarter's revenue. The same quarter a year earlier lost $48.0 M. 9 of the last 11 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

FY25 profit −$55.8 M

  • Net profit −$55.8 M
FY25 profit −$55.8 M
QuarterNet profit
FY21$111 M
FY22$2.1 B
FY23−$14.6 M
FY24−$165 M
FY25−$55.8 M

Growth on a year earlier

  • Growth on a year earlier −100.7%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY221,825.9%
FY23−100.7%
FY24–
FY25–
Top: net profit each year, $ B. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $2.5 M

  • Net profit (quarterly) $2.5 M
Jun 2026: $2.5 M
QuarterNet profit (quarterly)
Sep 2023–
Dec 2023−$15.7 M
Mar 2024−$137 M
Jun 2024−$6.6 M
Sep 2024−$5.7 M
Dec 2024−$11.0 M
Mar 2025−$47.7 M
Jun 2025−$48.0 M
Sep 2025$50.8 M
Dec 2025−$15.4 M
Mar 2026−$161 M
Jun 2026$2.5 M
Net profit each quarter, $ M. Last 12 quarters. A grey bar is lower than the quarter before.

How much revenue does Azenta make, and is it growing?

Azenta, Inc. reported $161 M of revenue in the Jun 2026 quarter, +12.0% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 4 years it has grown 3.7% a year on average. The last full year, FY25, came in at $594 M.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $614 M.

The quarterly figures for FY23 do not add up to the full-year total on file, so those quarters are left out of the charts and sums.

FY25 revenue was $594 M, +3.6% on the year before.

FY25 revenue $594 M (+3.6% on the year before), 3.7% a year over 4 years

  • Revenue $594 M
FY25 revenue $594 M (+3.6% on the year before), 3.7% a year over 4 years
QuarterRevenue
FY21$514 M
FY22$555 M
FY23$551 M
FY24$573 M
FY25$594 M

Growth on a year earlier

  • Growth on a year earlier 3.6%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY228.1%
FY23−0.7%
FY244%
FY253.6%
Top: revenue each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $161 M (+12.0% on a year earlier), the 4th quarter in a row of growth

  • Revenue (quarterly) $161 M
Jun 2026: $161 M (+12.0% on a year earlier), the 4th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023–
Dec 2023$142 M
Mar 2024$136 M
Jun 2024$144 M
Sep 2024$151 M
Dec 2024$147 M
Mar 2025$143 M
Jun 2025$144 M
Sep 2025$159 M
Dec 2025$149 M
Mar 2026$145 M
Jun 2026$161 M

Growth on a year earlier

  • Growth on a year earlier 12%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023–
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 20244%
Mar 20255.1%
Jun 2025−0.3%
Sep 20255.2%
Dec 20250.8%
Mar 20261%
Jun 202612%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +4.8% on average, against 3.7% a year over the longer run, so this year is growing faster than its own long-run rate.

How much of every $100 of sales does Azenta keep?

Azenta, Inc.'s operating margin was −2.3% in the Jun 2026 quarter, 1.5 percentage points lower than the same quarter a year ago. Across 5 years it has been between −10.3% and −3.6%. The latest quarter is above every full year in that period.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.5 percentage points on the year while gross margin changed −1.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY25: −3.6%, within a range of −10.3% to −3.6% over 5 years

  • Operating margin −3.6%
FY25: −3.6%, within a range of −10.3% to −3.6% over 5 years
QuarterOperating margin
FY21−6%
FY22−4.2%
FY23−10.3%
FY24−6.9%
FY25−3.6%

Change on the year before (points)

  • Change on the year before (points) +3.3 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22+1.8 pts
FY23−6.1 pts
FY24+3.4 pts
FY25+3.3 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Jun 2026: operating margin −2.3% (−1.5 points on a year earlier)

  • Operating margin −2.3%
Jun 2026: operating margin −2.3% (−1.5 points on a year earlier)
QuarterOperating margin
Sep 2023–
Dec 2023−10.9%
Mar 2024−11.6%
Jun 2024−3.8%
Sep 2024−1.8%
Dec 2024−5.6%
Mar 2025−10.2%
Jun 2025−0.8%
Sep 20251.1%
Dec 2025−4.1%
Mar 2026−10.6%
Jun 2026−2.3%

Change on a year earlier (points)

  • Change on a year earlier (points) −1.5 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023–
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024+5.3 pts
Mar 2025+1.4 pts
Jun 2025+3.0 pts
Sep 2025+2.9 pts
Dec 2025+1.5 pts
Mar 2026−0.4 pts
Jun 2026−1.5 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Azenta's profit turning into cash?

Over the last 2 years Azenta, Inc.'s operations used more cash than they brought in, so cash conversion was −14%, a gap worth watching. In FY25 it brought in $72.2 M of operating cash against −$55.8 M of profit. After $33.9 M of spending on assets, $38.3 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash $72.2 M against profit −$55.8 M; −14% of 2 years' profit came in as cash

  • Operating cash $72.2 M
  • Net profit −$55.8 M
  • Free cash $38.3 M
FY25: operating cash $72.2 M against profit −$55.8 M; −14% of 2 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY21$150 M$111 M$97.1 M
FY22−$466 M$2.1 B−$539 M
FY23$5.8 M−$14.6 M−$33.6 M
FY24$49.7 M−$165 M$12.4 M
FY25$72.2 M−$55.8 M$38.3 M
Operating cash flow and net profit each year, $ B. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Jun 2026: operating cash $1.4 M = 59% of the quarter's profit

  • Operating cash (quarterly) $1.4 M
Jun 2026: operating cash $1.4 M = 59% of the quarter's profit
QuarterOperating cash (quarterly)
Sep 2023$29.6 M
Dec 2023$13.8 M
Mar 2024$8.6 M
Jun 2024$9.8 M
Sep 2024$17.6 M
Dec 2024$29.8 M
Mar 2025$14.4 M
Jun 2025$25.8 M
Sep 2025$2.2 M
Dec 2025$20.8 M
Mar 2026$12.2 M
Jun 2026$1.4 M

Operating cash as % of profit

  • Operating cash as % of profit 59%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2023–
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024–
Mar 2025–
Jun 2025–
Sep 20254%
Dec 2025–
Mar 2026–
Jun 202659%
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does Azenta's cash go?

Azenta, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $111 M on assets over the last 3 years. Averaged over those years that is 6.2% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $111 M over the last 3 years.

FY25: capex $33.9 M, steady spending

  • Capex $33.9 M
FY25: capex $33.9 M, steady spending
QuarterCapex
FY21$52.8 M
FY22$73.4 M
FY23$39.4 M
FY24$37.4 M
FY25$33.9 M
Capital spending each year, $ M.

Jun 2026: capex $6.6 M in the quarter

  • Capex (quarterly) $6.6 M
Jun 2026: capex $6.6 M in the quarter
QuarterCapex (quarterly)
Sep 2023$10.2 M
Dec 2023$11.3 M
Mar 2024$8.3 M
Jun 2024$8.5 M
Sep 2024$9.4 M
Dec 2024$7.8 M
Mar 2025$7.4 M
Jun 2025$10.8 M
Sep 2025$7.9 M
Dec 2025$6.2 M
Mar 2026$7.4 M
Jun 2026$6.6 M

Free cash

  • Free cash −$5.2 M
Free cash
QuarterFree cash
Sep 2023$19.4 M
Dec 2023$2.5 M
Mar 2024$0.4 M
Jun 2024$1.3 M
Sep 2024$8.2 M
Dec 2024$22.0 M
Mar 2025$7.0 M
Jun 2025$15.0 M
Sep 2025−$5.7 M
Dec 2025$14.7 M
Mar 2026$4.8 M
Jun 2026−$5.2 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Azenta's P/E ratio, and how does it compare with its own history?

Azenta, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Azenta, Inc. at 2.9× its FY25 revenue of $594 M. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

PEG 3.35 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 3.35×
  • PEG = 1.0 1.00×
PEG 3.35 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Sep 20213.35×1.00×
Dec 20213.35×1.00×
Mar 20223.35×1.00×
Jun 20223.35×1.00×
Sep 20223.35×1.00×
Dec 20223.35×1.00×
Mar 20233.35×1.00×
Jun 20233.35×1.00×
Sep 20233.35×1.00×
Dec 20233.35×1.00×
Mar 20243.35×1.00×
Jun 20243.35×1.00×
Sep 20243.35×1.00×
Dec 20243.35×1.00×
Mar 20253.35×1.00×
Jun 20253.35×1.00×
Sep 20253.35×1.00×
Dec 20253.35×1.00×
Mar 20263.35×1.00×
Jun 20263.35×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 20 quarters.
—P/E · earnings negative
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

Is the Azenta business getting better or worse?

Azenta, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 7 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +3.6% in FY25

  • Revenue growth 3.6%
Growth year by year: revenue +3.6% in FY25
QuarterRevenue growth
FY21–
FY228.1%
FY23−0.7%
FY244%
FY253.6%

Profit growth, EPS growth

  • Profit growth −100.7%
  • EPS growth −100.8%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY21––
FY22300%300%
FY23−100.7%−100.8%
FY24––
FY25––
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn. Turnaround-year jumps are drawn at the edge (▲).

Three growth lines over twelve quarters

  • Revenue 12%
Three growth lines over twelve quarters
QuarterRevenue
Sep 2023–
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 20244%
Mar 20255.1%
Jun 2025−0.3%
Sep 20255.2%
Dec 20250.8%
Mar 20261%
Jun 202612%
Growth on a year earlier, % at each quarter end. Top: revenue. Each is measured over the last 12 months. Where the 12-month history is short, the line uses single-quarter growth instead, which is noisier; extreme jumps from a tiny base are evened out before reading. A gap means there is no reading for that quarter.

ROE: the return line, yearly figures

  • ROE −3.2%
ROE: the return line, yearly figures
QuarterROE
FY2263.4%
FY23−0.6%
FY24−9.3%
FY25−3.2%
Yearly figures: the quarterly balance-sheet figures this line needs are not available for this stock, so it changes once a year and counts for less in the reading.
Stuck lowROE · latest −3.2%, range −9.3% to 63.4%

Why it matters: with too little history, we say so rather than guess a direction.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+3.6%+2.2%——
Stock price+33.3%———
+12.0%Revenue growth (Jun 2026) · latest quarter against a year ago
3.7%Revenue, 4 years · yearly growth over the long run

How much does Azenta earn on its capital?

Azenta, Inc. earned a ROE of −3% in FY25. That is up from a low of −9% in FY24. Its return on capital used (ROIC) is 13.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

It comes from a −9.4% net margin and 0.29× asset turnover (sales divided by assets).

Why the return is what it is (FY25): a −9.4% net margin × 0.29× asset turnover × 1.19× leverage (assets divided by equity) ≈ −3.2% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: −1.8% − 12.0% = −13.8 percentage points. The 12.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

FY25: ROE −3%, the climb back from FY24's −9%

  • ROE −3.2%
  • ROIC (annual) −1.5%
  • Cost of capital 12%
FY25: ROE −3%, the climb back from FY24's −9%
QuarterROEROIC (annual)Cost of capital
FY218.4%−2.7%12%
FY2263.4%−1.5%12%
FY23−0.6%−3.3%12%
FY24−9.3%−2.6%12%
FY25−3.2%−1.5%12%
Return on equity each year, % (line); ROIC each year, % (line). 5-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Jun 2026: ROIC −1.5% (last 12 months) against a 12.0% cost of capital

  • ROIC (12 months) −1.5%
  • ROE (12 months) −27.6%
  • Cost of capital 12.0%
Jun 2026: ROIC −1.5% (last 12 months) against a 12.0% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Sep 2023−4.3%−2.7%12%
Dec 2023−4.2%−1.7%12%
Mar 2024−3.8%−1.5%12%
Jun 2024−3.5%−4%12%
Sep 2024−2.6%−3.6%12%
Dec 2024−1.9%−4.2%12%
Mar 2025−1.5%−4.6%12%
Jun 2025−1.5%−6.4%12%
Sep 2025−1.6%−6.5%12%
Dec 2025−1.6%5.8%12%
Mar 2026−1.4%6.2%12%
Jun 2026−1.5%−27.6%12%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Azenta have too much debt?

Azenta, Inc. has total debt of $54.0 M against shareholder equity of $1.5 B as of Jun 2026, so its debt is 0.04× its equity, which is very little. Year by year, that ratio went from 0.08 in FY21 to 0.03 in FY25. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $59.9 M, 0.03× equity

  • Total debt $59.9 M
FY25: debt $59.9 M, 0.03× equity
QuarterTotal debt
FY21$100 M
FY22$56.3 M
FY23$72.0 M
FY24$66.3 M
FY25$59.9 M

Debt-to-equity

  • Debt-to-equity 0.03×
Debt-to-equity
QuarterDebt-to-equity
FY210.08×
FY220.02×
FY230.03×
FY240.04×
FY250.03×
Top: total debt each year, $ M. Below: debt-to-equity, ×. 5-year window.

Jun 2026: debt $54.0 M, debt-to-equity 0.04

  • Total debt (quarterly) $54.0 M
Jun 2026: debt $54.0 M, debt-to-equity 0.04
QuarterTotal debt (quarterly)
Sep 2023$72.0 M
Dec 2023$66.5 M
Mar 2024$74.2 M
Jun 2024$71.4 M
Sep 2024$66.3 M
Dec 2024$54.3 M
Mar 2025$53.7 M
Jun 2025$52.6 M
Sep 2025$59.9 M
Dec 2025$54.5 M
Mar 2026$55.7 M
Jun 2026$54.0 M

Debt-to-equity

  • Debt-to-equity 0.04×
Debt-to-equity
QuarterDebt-to-equity
Sep 20230.03×
Dec 20230.03×
Mar 20240.03×
Jun 20240.04×
Sep 20240.04×
Dec 20240.03×
Mar 20250.03×
Jun 20250.03×
Sep 20250.03×
Dec 20250.03×
Mar 20260.04×
Jun 20260.04×
Top: total debt each quarter, $ M. Below: debt-to-equity, ×. Last 12 quarters.

What is the Azenta shareholding pattern?

13.8% of Azenta, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 4.4 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

13.8%Short interest · of the tradable float
4.4Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is Azenta from balance-sheet trouble?

For Azenta, Inc., the Z-score is 3.66. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 3.66 is well clear of the danger zone, so the balance sheet is not the risk here.

How does Azenta rank in its industry?

46.7 out of 100, rank 16 of 30 in Medical Instruments & Supplies, with 64% of the evidence available.

Azenta, Inc. scores 46.7 out of 100 against the 30 companies it is compared with in Medical Instruments & Supplies, ranking 16. Relative strength against the index is 23.6%, and revenue and profit growth are weak.

The four parts add up to the total exactly: 12.4 + 5 + 11.1 + 18.2 = 46.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Azenta compared with?

Azenta ranks 16 of 30 Medical Instruments & Supplies companies on the 4-Factor Sector Score, with 46.7 out of 100.

  1. 1West Pharmaceutical Services, Inc.WST · breaking out · Most evidence points up · 81% evidence67.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 23.5/35 · Revenue 12.4% · Profit 15.8% · Operating margin change 1.6 points · 83% evidenceCapital efficiency 20.6/25 · ROCE 21.2% · Operating margin 22.5% · 76% evidenceValuation 7.0/20 · P/E 44.9× · PEG 2.65 · 65% evidenceRelative strength 16.5/20 · Lead over its industry 10.3% · Lead over S&P 500 25.3% · 1 year 50.8% · 100% evidence · 5 of 12 weeks aheadExact sum: 23.5 + 20.6 + 7 + 16.5 = 67.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2LeMaitre Vascular, Inc.LMAT · turning · Evidence leans up · 81% evidence63.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.7/35 · Revenue 11.5% · Profit 40.4% · Operating margin change 3.9 points · 83% evidenceCapital efficiency 17.3/25 · ROCE 11.9% · Operating margin 29% · 76% evidenceValuation 14.0/20 · P/E 33.4× · PEG 0.86 · 65% evidenceRelative strength 5.6/20 · Lead over its industry -22.3% · Lead over S&P 500 -11.1% · 1 year 1.3% · 100% evidence · 1 of 12 weeks aheadExact sum: 26.7 + 17.3 + 14 + 5.6 = 63.6 · What this means: Earnings are strong; relative strength in its sector is -22.3% and the one-year return is 1.3%.
  3. 3Intuitive Surgical, Inc.ISRG · breaking out · Evidence leans up · 85% evidence61.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.8/35 · Revenue 20.4% · Profit 7.7% · Operating margin change 3 points · 95% evidenceCapital efficiency 21.4/25 · ROCE 22% · Operating margin 33.3% · 76% evidenceValuation 4.5/20 · P/E 48.6× · PEG 5.33 · 65% evidenceRelative strength 9.1/20 · Lead over its industry -13.6% · Lead over S&P 500 -1.7% · 1 year -13.8% · 100% evidence · 4 of 12 weeks aheadExact sum: 26.8 + 21.4 + 4.5 + 9.1 = 61.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value.
  4. 4AtriCure, Inc.ATRC · leader · Evidence leans up · 64% evidence58.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.2/35 · Revenue 14% · Profit — · Operating margin change 10.8 points · 62% evidenceCapital efficiency 6.1/25 · ROCE 2.2% · Operating margin 6.3% · 76% evidenceValuation 8.9/20 · P/E 134.3× · PEG — · 15% evidenceRelative strength 19.6/20 · Lead over its industry 41.7% · Lead over S&P 500 59.4% · 1 year 104.5% · 100% evidence · 12 of 12 weeks aheadExact sum: 24.2 + 6.1 + 8.9 + 19.6 = 58.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5ResMed Inc.RMD · breaking out · Evidence leans up · 81% evidence58.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.8/35 · Revenue 9.8% · Profit 8.8% · Operating margin change -3 points · 83% evidenceCapital efficiency 21.5/25 · ROCE 25.4% · Operating margin 30.9% · 76% evidenceValuation 10.2/20 · P/E 18.5× · PEG 1.91 · 65% evidenceRelative strength 8.5/20 · Lead over its industry -13.6% · Lead over S&P 500 -1.9% · 1 year -4.4% · 100% evidence · 11 of 12 weeks aheadExact sum: 17.8 + 21.5 + 10.2 + 8.5 = 58 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Merit Medical Systems, Inc.MMSI · losing its lead · Evidence leans up · 81% evidence57.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.0/35 · Revenue 10.3% · Profit 22.7% · Operating margin change 2.2 points · 83% evidenceCapital efficiency 14.3/25 · ROCE 8.1% · Operating margin 14.5% · 76% evidenceValuation 12.7/20 · P/E 28.4× · PEG 1.22 · 65% evidenceRelative strength 8.1/20 · Lead over its industry -4.7% · Lead over S&P 500 7.8% · 1 year 3.5% · 100% evidence · 10 of 12 weeks aheadExact sum: 22 + 14.3 + 12.7 + 8.1 = 57.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Bausch + Lomb CorporationBLCO · turning · Evidence leans up · 64% evidence56.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.4/35 · Revenue 8.8% · Profit — · Operating margin change 6.8 points · 62% evidenceCapital efficiency 7.2/25 · ROCE 3.4% · Operating margin 7.7% · 76% evidenceValuation 11.5/20 · P/E -18.5× · PEG — · 15% evidenceRelative strength 15.9/20 · Lead over its industry 1.5% · Lead over S&P 500 15.3% · 1 year 32.5% · 100% evidence · 8 of 12 weeks aheadExact sum: 21.4 + 7.2 + 11.5 + 15.9 = 56 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8Kestra Medical Technologies, Ltd.KMTS · breaking out · Evidence leans up · 64% evidence54.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.1/35 · Revenue 63.6% · Profit — · Operating margin change 27.5 points · 71% evidenceCapital efficiency 3.4/25 · ROCE -48% · Operating margin -121.6% · 76% evidenceValuation 10.0/20 · P/E — · PEG — · 0% evidenceRelative strength 16.4/20 · Lead over its industry 4.3% · Lead over S&P 500 18.1% · 1 year 16.3% · 100% evidence · 9 of 12 weeks aheadExact sum: 25.1 + 3.4 + 10 + 16.4 = 54.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Becton, Dickinson and CompanyBDX · leader · Evidence leans up · 71% evidence51.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 14.2/35 · Revenue 5.8% · Profit -40.6% · Operating margin change -1.4 points · 83% evidenceCapital efficiency 13.6/25 · ROCE 7.6% · Operating margin 15.7% · 76% evidenceValuation 9.6/20 · P/E 44.3× · PEG — · 15% evidenceRelative strength 13.7/20 · Lead over its industry -1.6% · Lead over S&P 500 11.4% · 1 year 17.5% · 100% evidence · 12 of 12 weeks aheadExact sum: 14.2 + 13.6 + 9.6 + 13.7 = 51.1 · What this means: Relative strength against the index is 11.4%, and revenue and profit growth are weak.
  10. 10STAAR Surgical CompanySTAA · turning · Too little evidence to rank firmly · 58% evidence50.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 18.2/35 · Revenue — · Profit — · Operating margin change -15 points · 45% evidenceCapital efficiency 12.8/25 · ROCE 10.3% · Operating margin 10.9% · 76% evidenceValuation 8.6/20 · P/E 360.4× · PEG — · 15% evidenceRelative strength 10.6/20 · Lead over its industry -6.6% · Lead over S&P 500 6.8% · 1 year 2.3% · 100% evidence · 1 of 12 weeks aheadExact sum: 18.2 + 12.8 + 8.6 + 10.6 = 50.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  11. 11Baxter International Inc.BAX · quiet · Evidence leans down · 64% evidence49.9out of 100GrowthCapitalValuationRelative
  12. 12The Cooper Companies, Inc.COO · basing · Evidence leans down · 85% evidence49.3out of 100GrowthCapitalValuationRelative
  13. 13Solventum CorporationSOLV · turning · Evidence leans down · 71% evidence48.5out of 100GrowthCapitalValuationRelative
  14. 14Avantor, Inc.AVTR · leader · Evidence leans down · 71% evidence48.3out of 100GrowthCapitalValuationRelative
  15. 15Repligen CorporationRGEN · leader · Evidence leans down · 74% evidence46.8out of 100GrowthCapitalValuationRelative
  16. 16Azenta, Inc. this pageAZTA · leader · Evidence leans down · 64% evidence46.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 12.4/35 · Revenue 5% · Profit — · Operating margin change -1.5 points · 62% evidenceCapital efficiency 5.0/25 · ROCE -1.5% · Operating margin -2.3% · 76% evidenceValuation 11.1/20 · P/E -9.6× · PEG — · 15% evidenceRelative strength 18.2/20 · Lead over its industry 9.7% · Lead over S&P 500 23.6% · 1 year 33.3% · 100% evidence · 12 of 12 weeks aheadExact sum: 12.4 + 5 + 11.1 + 18.2 = 46.7 · What this means: Relative strength against the index is 23.6%, and revenue and profit growth are weak.
  17. 17Alcon Inc.ALC · turning · Evidence leans down · 61% evidence45.1out of 100GrowthCapitalValuationRelative
  18. 18Align Technology, Inc.ALGN · quiet · Evidence leans down · 81% evidence44.4out of 100GrowthCapitalValuationRelative
  19. 19AptarGroup, Inc.ATR · turning · Evidence leans down · 81% evidence44.4out of 100GrowthCapitalValuationRelative
  20. 20Envista Holdings CorporationNVST · quiet · Too little evidence to rank firmly · 58% evidence44.4out of 100GrowthCapitalValuationRelative
  21. 21Teleflex IncorporatedTFX · turning · Evidence leans down · 71% evidence43.8out of 100GrowthCapitalValuationRelative
  22. 22Stevanato Group S.p.A.STVN · quiet · Evidence leans down · 81% evidence43.7out of 100GrowthCapitalValuationRelative
  23. 23ICU Medical, Inc.ICUI · quiet · Evidence leans down · 64% evidence38.7out of 100GrowthCapitalValuationRelative
  24. 24Medline Inc.MDLN · turning · Too little evidence to rank firmly · 51% evidence37.3out of 100GrowthCapitalValuationRelative
  25. 25DENTSPLY SIRONA Inc.XRAY · basing · Most evidence points down · 64% evidence31.7out of 100GrowthCapitalValuationRelative
  26. 26Warby Parker Inc.WRBY · quiet · Most evidence points down · 64% evidence28.7out of 100GrowthCapitalValuationRelative
  27. 27BioLife Solutions, Inc.BLFS · Too little evidence to rank firmly · 44% evidence48.0out of 100GrowthCapitalValuationRelative
  28. 28Pulse Biosciences, Inc.PLSE · leader · Too little evidence to rank firmly · 41% evidence44.5out of 100GrowthCapitalValuationRelative
  29. 29MiniMed Group, Inc.MMED · quiet · Too little evidence to rank firmly · 41% evidence39.1out of 100GrowthCapitalValuationRelative
  30. 30Alamar Biosciences, Inc.ALMR · quiet · Too little evidence to rank firmly · 28% evidence38.8out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Medical Instruments & Supplies, all 30 compared on one page.

Which companies are close to Azenta in size?

Azenta is the 29th largest of 38 Medical Instruments & Supplies companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Alamar Biosciences, Inc., BioLife Solutions, Inc. and Kestra Medical Technologies. Just below it: STAAR Surgical Company, Anteris Technologies Global Corp. and AngioDynamics, Inc.

Medical Instruments & Supplies companies close in size

  1. Alamar Biosciences, Inc. $1.9 billion
  2. BioLife Solutions, Inc. $1.9 billion
  3. Kestra Medical Technologies, Ltd. $1.8 billion
  4. Azenta, Inc. $1.7 billion
  5. STAAR Surgical Company $1.4 billion
  6. Anteris Technologies Global Corp. $597 million
  7. AngioDynamics, Inc. $515 million

All 38 Medical Instruments & Supplies companies, largest first

Companies close in size in other industries

  1. TriCo Bancshares $1.7 billion · Banks - Regional
  2. Hope Bancorp, Inc. $1.7 billion · Banks - Regional
  3. Azenta, Inc. $1.7 billion
  4. American Assets Trust, Inc. $1.7 billion · REIT - Diversified
  5. ATS Corporation $1.7 billion · Specialty Industrial Machinery

What else do people ask about Azenta?

What were Azenta's latest quarterly results?

Azenta, Inc. reported revenue of $161 M and net profit of $2.5 M for the Jun 2026 quarter. Earnings per share were $0.05. The operating margin was −2.3%, 1.5 percentage points lower than a year earlier (as of 4 November 2026).

What is Azenta's market cap?

Azenta, Inc.'s market capitalisation is $1.7 B at a stock price of $39.14. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Azenta performing?

Azenta, Inc.'s latest readings are below. Over the past 13 weeks it has done better than the S&P 500, for 21 weeks running. This describes what the data did, not a rating (as of 4 November 2026).

Will Azenta's stock price go up?

This page does not forecast Azenta, Inc.'s stock price. What it shows instead: the stock price is $39.14. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).

Where is Azenta in its business cycle?

Azenta, Inc.'s FY25 operating margin was −3.6%, against a 5-year range of −10.3% to −3.6%: the middle of its own range, neither a peak nor a low. The latest quarter was −2.3%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Azenta story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Azenta a stock worth studying right now?

What the numbers show: Azenta, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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