Quality Investor

Azenta, Inc.

Rank #415Startup

AZTA · Nasdaq · Healthcare

Azenta, Inc. (AZTA) — Rank #415 by gross profitability (GP/assets 0.14) · ROE -3.7% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0000933974 · all metrics point-in-time as of the filing date.

About

Azenta, Inc. provides biological and chemical compound sample exploration and management solutions for the life sciences industry in the United States, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally.

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It operates through Sample Management Solutions and Multiomics segments. The Sample Management Solutions segment provides sample management products and services, including automated stores, cryogenic systems, automated sample tubes, consumables and instruments, and controlled rate thawing devices, as well as sample repository services. This segment also offers consultation services to clients throughout their experimental design and implementation processes. The Multiomics segment provides genomic and other sample analysis services comprising gene sequencing, gene synthesis, and related services. The company has a strategic partnership with Frontier Space Ltd to conduct scientific experiments in space. The company was formerly known as Brooks Automation, Inc. and changed its name to Azenta, Inc. in December 2021. Azenta, Inc.

was founded in 1978 and is headquartered in Burlington, Massachusetts.

Industry
Medical Instruments & Supplies
Sector
Healthcare
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
September 30
Website
azenta.com

Price History

AZTA-63.9% · -18.5% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens for pre-profit companies.

Market Cap

$1.45B

P/E (annual)

P/S (annual)

2.4

P/B

1.0

P/OCF (annual)

20.1

Shareholder Yield

13.7%

Employees

2,900

Industry

Medical Instruments & Supplies

Exchange

Nasdaq

Signal Flags

2 green
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak

Quality Profile

Profitability

1/1 pass
GP / assets
0.14
Return on equity
-3.7%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.24
Current ratio
2.50×
Net cash
$325.80M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
3.5%

Growth

2/2 pass
Revenue growth
3.6%
Piotroski F-Score
N/A
Share dilution
-13.7%

Terry Smith quality gate

Passes 0/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

17.1%

fairly valued

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Buyback tailwind: -13.7% — per-share value needs a total required return of 3.4% once share-count change is priced in.

vs. own 6-year median revenue growth: 11.5%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

12.2%

r = 10% (base)

17.1%

r = 12%

21.3%

Net debt / market cap: -21.4%

Base FCF: $38.3M3Y mean FCF: $9.8M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

N/A
2.0xmed 37.7x77.6x

P / S

Price / revenue per share

2.7xCheap
2.6xmed 5.3x16.8x

P / B

Price / book value per share

0.9xCheap
0.9xmed 2.3x6.5x

P / GP

Price / gross profit per share

6.0xCheap
6.0xmed 13.3x35.3x

P / FCF

Price / free cash flow per share

42.0xCheap
36.7xmed 48.7x194.2x

Burn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.

Profitability

Gross profitability (GP / assets)

0.14

Primary signal (Novy-Marx).

6th pctl of 36 SIC 35 peers

Return on equity

-3.7%

Gross margin

45.5%

71st pctl of 36 SIC 35 peers

Revenue growth (YoY)

3.6%

RPO growth (YoY)

-45.0%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

2.2%

Revenue CAGR (5Y)

8.9%

Earnings CAGR (3Y)

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.24

100th pctl of 36 SIC 35 peers (best = lowest)

Current ratio

2.50×

71st pctl of 36 SIC 35 peers

Quick ratio

1.72×

Net cash

$325.80M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$38.32M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

1.69

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

3.5%

Stock-based comp intensity.

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20202025
Capital Return
Hypergrowth
Startup