Company financials

Agilent Technologies

Health Care Life Sciences Tools & Services Santa Clara, California Last filing Dec 22, 2025 · FY2025

                    Revenue
                    FY2025
                
$6.9B
                    3y CAGR +0.5%
                    
                    P17
                    
                    +6.7%
                    
                    Net income
                    FY2025
                
$1.3B
                    Net margin +18.8%
                    
                    P77
                    
                    +1.1%
                    
                    Total assets
                    FY2025
                
$12.7B
                    ROA +10.2%
                    
                    P72
                    
                    +7.4%
                    
                    Operating cash flow
                    FY2025
                
$1.6B
                    FCF margin +16.6%
                    
                    P55
                    
                    -11.0%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

31 accounts · 5 years

Total assets $12.7B

Total liabilities $6.0B

Shareholders equity $6.7B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$1.8B 34.6%	$1.3B -16.4%	$1.6B 51.0%	$1.1B -29.0%	$1.5B
Short Term Investments	$0	$0	$0	—	—
Accounts Receivable	$1.5B 12.3%	$1.3B 2.6%	$1.3B -8.1%	$1.4B 19.9%	$1.2B
Inventory	$1.0B 5.5%	$972.0M -5.7%	$1.0B	—	—
Prepaid Expenses	$293.0M -12.3%	$334.0M 21.9%	$274.0M	—	—
Other Current Assets	$293.0M -12.3%	$334.0M 21.9%	$274.0M	—	—
Total Current Assets	$4.6B 16.0%	$4.0B -5.4%	$4.2B 10.8%	$3.8B -0.6%	$3.8B
Property,Plant and Equipment	$2.0B 13.8%	$1.8B 40.0%	$1.3B 15.5%	$1.1B 16.4%	$945.0M
Operating Lease Assets	$183.0M 3.4%	$177.0M 14.9%	$154.0M 2.7%	$150.0M -15.7%	$178.0M
Goodwill	$4.5B -0.1%	$4.5B 13.1%	$4.0B 0.2%	$4.0B -0.6%	$4.0B
Intangible Assets	$445.0M -18.6%	$547.0M 15.2%	$475.0M	—	—
Long Term Investments	$133.0M -24.0%	$175.0M 6.7%	$164.0M -15.9%	$195.0M 5.4%	$185.0M
Other Noncurrent Assets	$1.1B 16.4%	$910.0M 28.5%	$708.0M 3.2%	$686.0M -16.3%	$820.0M
Total Assets	$12.7B 7.4%	$11.8B 10.1%	$10.8B 2.2%	$10.5B -1.6%	$10.7B
Liabilities
Accounts Payable	$570.0M 5.6%	$540.0M 29.2%	$418.0M -27.9%	$580.0M 30.0%	$446.0M
Accrued Liabilities	$443.0M -14.8%	$520.0M 17.1%	$444.0M -29.4%	$629.0M -6.0%	$669.0M
Deferred Revenue	$624.0M 14.7%	$544.0M 7.7%	$505.0M	—	—
Current Portion of Long Term Debt	$304.0M 575.6%	$45.0M	$0	—	—
Total Current Liabilities	$2.3B 23.9%	$1.9B 18.2%	$1.6B -13.9%	$1.9B 9.0%	$1.7B
Long Term Debt	$3.0B -8.8%	$3.3B 22.3%	$2.7B 0.1%	$2.7B 0.1%	$2.7B
Deferred Revenue Noncurrent	$624.0M 14.7%	$544.0M 7.7%	$505.0M	—	—
Other Noncurrent Liabilities	$463.0M -19.9%	$578.0M 21.2%	$477.0M -11.0%	$536.0M -18.7%	$659.0M
Total Liabilities	$6.0B 0.6%	$5.9B 20.9%	$4.9B -5.9%	$5.2B -1.7%	$5.3B
Equity
Preferred Stock	$0	$0	$0	$0	$0
Common Stock	$3.0M 0.0%	$3.0M 0.0%	$3.0M 0.0%	$3.0M 0.0%	$3.0M
Additional Paid In Capital	$5.6B 2.3%	$5.5B 1.2%	$5.4B 1.2%	$5.3B 0.1%	$5.3B
Retained Earnings	$1.4B 85.2%	$750.0M -4.1%	$782.0M	—	—
Treasury Stock	$0	$0	$0	—	—
Accumulated Other Comprehensive Income	$-226.0M 25.9%	$-305.0M 6.7%	$-327.0M	—	—
Total Stockholders Equity	$6.7B 14.3%	$5.9B 0.9%	$5.8B 10.2%	$5.3B -1.6%	$5.4B
Total Liabilitiesand Equity	$12.7B 7.4%	$11.8B 10.1%	$10.8B 2.2%	$10.5B -1.6%	$10.7B

Income Statement

Revenue, expense, and profitability

20 accounts · 5 years

Revenue $6.9B

Operating income $1.5B

Net income $1.3B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$6.9B 6.7%	$6.5B -4.7%	$6.8B	—	—
Expenses Cost of Revenue	$3.3B 11.1%	$3.0B -11.7%	$3.4B	—	—
Expenses Research and Development	$455.0M -5.0%	$479.0M -0.4%	$481.0M	—	—
Expenses Selling,General and Administrative	$1.7B 9.0%	$1.6B -4.0%	$1.6B	—	—
Expenses Depreciation and Amortization	$288.0M 12.1%	$257.0M -5.2%	$271.0M	—	—
Expenses Share Based Compensation	$128.0M -0.8%	$129.0M 16.2%	$111.0M	—	—
Expenses Restructuring and Asset Impairment	$82.0M 7.9%	$76.0M 65.2%	$46.0M	—	—
Expenses Operating Expenses	$5.5B 8.9%	$5.0B -8.4%	$5.5B	—	—
Other Income Expense Operating Income	$1.5B -0.6%	$1.5B 10.2%	$1.4B	—	—
Other Income Expense Interest Income	$62.0M -22.5%	$80.0M 56.9%	$51.0M 466.7%	$9.0M 350.0%	$2.0M
Other Income Expense Interest Expense	$112.0M 16.7%	$96.0M 1.1%	$95.0M 13.1%	$84.0M 3.7%	$81.0M
Other Income Expense Other Income/expense	$6.0M -87.8%	$49.0M 48.5%	$33.0M	—	—
Other Income Expense Income Before Tax	$1.4B -5.7%	$1.5B 13.6%	$1.3B	—	—
Income Tax Income Tax Expense	$132.0M -43.1%	$232.0M 134.3%	$99.0M	—	—
net Income net Income	$1.3B 1.1%	$1.3B 4.0%	$1.2B	—	—
net Income Comprehensive Income	$1.4B 5.4%	$1.3B 4.0%	$1.3B	—	—
Earnings Per Share Basic Eps	$5 3.4%	$4 5.2%	$4	—	—
Earnings Per Share Diluted Eps	$5 3.2%	$4 5.7%	$4	—	—
Earnings Per Share Weighted Average Shares Basic	$284.0M -2.1%	$290.0M -1.4%	$294.0M	—	—
Earnings Per Share Weighted Average Shares Diluted	$285.0M -2.1%	$291.0M -1.7%	$296.0M	—	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Operating cash flow $1.6B

Investing cash flow $-394.0M

Financing cash flow $-715.0M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$1.3B 1.1%	$1.3B 4.0%	$1.2B	—	—
Operating Activities Depreciation and Amortization	$288.0M 12.1%	$257.0M -5.2%	$271.0M -14.5%	$317.0M -1.2%	$321.0M
Operating Activities Stock Based Compensation	$128.0M -0.8%	$129.0M 16.2%	$111.0M	—	—
Operating Activities Deferred Income Taxes	$-130.0M -103.1%	$-64.0M -14.3%	$-56.0M -800.0%	$8.0M -42.9%	$14.0M
Operating Activities Changes In Operating Assets and Liabilities	$833.0M 59.6%	$522.0M 174.7%	$190.0M 2275.0%	$8.0M -42.9%	$14.0M
Operating Activities net Cash From Operating Activities	$1.6B -11.0%	$1.8B -1.2%	$1.8B 35.1%	$1.3B -11.6%	$1.5B
Investing Activities Capital Expenditures	$407.0M 7.7%	$378.0M 26.8%	$298.0M	—	—
Investing Activities Business Acquisitions	$-4.0M -100.5%	$862.0M 1590.2%	$51.0M	—	—
Investing Activities Purchases of Investments	$0 -100.0%	$5.0M -37.5%	$8.0M	—	—
Investing Activities net Cash From Investing Activities	$-394.0M 68.7%	$-1.3B -305.8%	$-310.0M 8.3%	$-338.0M 54.9%	$-749.0M
Financing Activities Proceeds From Debt	$4.0M -99.7%	$1.2B	$0	—	—
Financing Activities Repayment of Debt	$3.0M -99.5%	$600.0M	$0	—	—
Financing Activities Repurchase of Common Stock	$425.0M -63.0%	$1.1B 100.0%	$575.0M	—	—
Financing Activities Dividends Paid	$282.0M 2.9%	$274.0M 3.4%	$265.0M	—	—
Financing Activities Proceeds From Stock Issuance	$72.0M -6.5%	$77.0M 14.9%	$67.0M	—	—
Financing Activities Tax Withholding On Stock Based Compensation	$29.0M -3.3%	$30.0M -44.4%	$54.0M	—	—
Financing Activities Other Financing Activities	$0	$0	$0	—	—
Financing Activities net Cash From Financing Activities	$-715.0M 4.9%	$-752.0M 19.1%	$-930.0M 32.2%	$-1.4B -97.1%	$-696.0M
Cash Reconciliation Effect of Exchange Rate On Cash	$9.0M 550.0%	$-2.0M -140.0%	$5.0M	—	—
Cash Reconciliation net Change In Cash	$459.0M 275.9%	$-261.0M -148.6%	$537.0M	—	—
Cash Reconciliation Cash At Beginning of Period	$1.8B 34.5%	$1.3B -16.4%	$1.6B	—	—
Cash Reconciliation Cash At End of Period	$1.8B 34.5%	$1.3B -16.4%	$1.6B	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+52.4%	+54.3%	+50.7%	+54.4%	+53.9%
Operating margin	+21.3%	+22.9%	+19.8%	+23.6%	+21.3%
Net margin	+18.8%	+19.8%	+18.1%	—	+19.1%
FCF margin	+16.6%	+21.1%	+21.6%	+14.9%	+20.5%
Growth
Revenue CAGR (3y)	+0.5%	+1.0%	+8.6%	+9.9%	+8.7%
Returns
ROE	+19.3%	+21.9%	+21.2%	—	+22.5%
ROA	+10.2%	+10.9%	+11.5%	—	+11.3%
ROIC	+16.2%	+15.8%	+17.9%	+23.0%	+20.3%
Liquidity
Current ratio	1.96x	2.09x	2.61x	2.03x	2.22x
Quick ratio	1.40x	1.40x	1.80x	1.32x	1.56x
Leverage
D/E	0.89x	1.01x	0.84x	0.99x	0.99x
Interest coverage	13.21x	15.50x	14.21x	19.26x	16.63x
Efficiency
Asset turnover	0.55x	0.55x	0.63x	0.65x	0.59x
Cash conversion cycle	+128d	+127d	+135d	+128d	+116d

Valuation

Price against fundamentals

A $115 · 2026-04-02 · 166d old · FY2025

Market cap $32.9B

P/E 25.26x

P/S 4.74x

P/B 4.88x

EV $34.5B

EV/EBITDA 19.51x

FCF yield +3.5%

Dividend yield +0.9%

Notes

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