Is the business good?
How good a business is A?
Agilent Technologies earns 14% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
14%
Return on invested capital · cost of capital 9.0% · 5.2 points above what the capital costs: growth creates value
- Operating margin
- 22%
Operating margin · Diagnostics & Research median 7.1% · 12 months to Q2 2026
- Cash conversion
- 0.77×
Cash conversion · 1.02× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −0.70%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 16% |
| FY2021 | 21% |
| FY2022 | 24% |
| FY2023 | 20% |
| FY2024 | 23% |
| FY2025 | 21% |
Details›
- Gross margin12 months to Q2 2026
- 53%
- Operating margin12 months to Q2 2026
- 22%
- Net margin12 months to Q2 2026
- 20%
- Free cash flow margin
- 15%
- R&D as % of revenue
- 6.5%
- Revenue, trailing twelve months
- $7.23B
- Free cash flow, trailing twelve months
- $1.09B
- Net income, trailing twelve months
- $1.41B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 14%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Diagnostics & Research
Ranks #16 of 29 by Smart Score