Quality Investor

Qiagen N.V.

Rank #327Capital ReturnWatchlistCompare with other stocks

QGEN · NYSE · Healthcare

Qiagen N.V. (QGEN) — Rank #327 by gross profitability (GP/assets 0.21) · ROE 11.2% · Piotroski F-Score 7 / 9.

As-of 2026-10-30 · CIK 0001015820 · all metrics point-in-time as of the filing date.

About

Qiagen N.V. provides sample to insight solutions that transform biological samples into molecular insights worldwide.

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The company offers sample technology consumables, such as nucleic acid stabilization and purification kits for sample materials, manual and automated processing for genotyping, gene expression, and viral and bacterial analysis, as well as silica membranes and magnetic bead technologies; secondary sample technology consumables, including kits and components for purification of nucleic acids; and instruments for nucleic acid purification, quality control, and accessories. It also provides Immune response consumables, such as interferon-gamma release assay for TB testing, and assays for post-transplant testing and viral load monitoring; oncology and sexual and reproductive health consumables, inclsuing assays for prenatal testing and detection of sexually transmitted diseases and HPV; assays for analysis of genomic variants; and sample to insight instruments, including one-step molecular analysis of hard-to-diagnose syndromes, and integrated PCR testing. The company offers research PCR consumables, such as quantitative PCR, reverse transcription, and combinations kits for analysis of gene expression, genotyping and gene regulation, and running on QIAGEN instruments and technologies; human ID/forensics assay consumables comprising short tandem repeat assays for human ID, and assays for food contamination; PCR instruments, including digital PCR and qPCR solutions; and developed and configured enzymes and PCR solutions. It offers NGS gene panels, library prep kits and components, and whole genome amplification; DNA methylation analysis; QIAGEN consumables and instruments; bioinformatics solutions; and sequence-based assays forensic genetic genealog services. it provides software-as-a-service. It serves molecular diagnostics and life sciences sectors.

The company was founded in 1984 and is headquartered in Venlo, the Netherlands.

Industry
Diagnostics & Research
Sector
Healthcare
State
P7
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
qiagen.com

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

5,500

Industry

Diagnostics & Research

Exchange

NYSE

12/12

Flags passed

QGEN passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Deferred revenue growing

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.21
Return on equity
11.2%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.66
Current ratio
3.90×
Net cash
-$555.51M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
2.4%

Growth

2/2 pass
Revenue growth
5.7%
Piotroski F-Score
7 / 9
Share dilution
-2.6%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 0.21

Gross profitability (GP / assets)

0.21

Primary signal (Novy-Marx).

4th of 5 SIC 2836 peers

Return on equity

11.2%

Gross margin

62.2%

4th of 5 SIC 2836 peers

Revenue growth (YoY)

5.7%

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)

-0.8%

Revenue CAGR (5Y)

2.2%

Earnings CAGR (3Y)

0.1%

FCF CAGR (3Y)

-8.2%

Cash Flow Health

Is the cash real?

No warning flags · FCF 7% above net income

Free cash flow

$453.28M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

6.7%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

2.4%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $555.51M, F-Score 7/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.66

Current ratio

3.90×

4th of 5 SIC 2836 peers

Quick ratio

2.93×

Net cash

-$555.51M

Cash & equivalents minus total debt.

Piotroski F-Score

7 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

3.2 / 5

Good
Payout ratio
12.8%5/5 Strong
FCF coverage
8.36×5/5 Strong
Dividend growth streak
1 yr1/5 Weak
Balance-sheet health
D/E 0.66 · IC N/A2/5 Fair

Capital allocation quality

Composite score

2.0 / 5

Fair
Share count trend(net buybacks)
-2.6%4/5 Strong
Buyback timing
N/AN/A
Dividend growth consistency
1 yr1/5 Weak
Net debt trajectory
-5.0%1/5 Weak

Lifecycle Phase History

20202025
Hypergrowth
Value
Decline
Capital Return

Price History

QGEN-17.7% · -3.8% CAGRSPY+82.9% · +12.8% CAGR