Agilent Technologies vs Illumina
Agilent Technologies reported revenue of $6.9 billion in fiscal 2025, 1.6 times Illumina's $4.3 billion in fiscal 2025. Agilent Technologies' revenue grew 6.7% in its latest year, and Illumina's fell 0.7%. Agilent Technologies had an operating margin of 21.3%, against 18.6% at Illumina. Free cash flow was $1.2 billion at Agilent Technologies and $931 million at Illumina. Their fiscal years end in different months (October 31 and December 28), so the periods don't line up exactly.
Side by side
| Agilent Technologies | Illumina | |
|---|---|---|
| Latest fiscal year | FY2025, Oct 31, 2025 | FY2025, Dec 28, 2025 |
| Revenue | $6.9B | $4.3B |
| Revenue growth | 6.7% | −0.7% |
| Revenue growth a year, last 5 years | 5.4% | 6.0% |
| Gross margin | 52.4% | 66.1% |
| Operating margin | 21.3% | 18.6% |
| Net margin | 18.8% | 19.6% |
| Free cash flow | $1.2B | $931M |
| Free cash flow margin | 16.6% | 21.4% |
| Return on capital | 16.5% | 20.3% |
| Net debt to EBITDA | 0.9x | 0.3x |
| Dividends and buybacks | $707M | $742M |
| Change in diluted share count | −2.1% | −1.9% |
| Last close | $175.96 | $271.04 |
| P/E at the last close | 34.7× | 50.6× |
| Insider trades, last 12 months | sold $3.2 million | bought $84,627, sold $592.9 million |
| Piotroski F-score | 5 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Agilent TechnologiesIllumina
Operating margin
Percent of revenue
Agilent TechnologiesIllumina
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Agilent TechnologiesIllumina
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Agilent Technologies and Illumina pages.