Bio-Rad reported year-on-year revenue growth of 0.7% at constant currency, its first quarter of growth this year, and non-GAAP operating margin rose 1 point to 12.8%. Management expects full-year currency-neutral revenue decline around 1.25% and margin in the upper half of its 10%-12% range.
Bio-Rad is a leader in niche areas including quality controls, antigens, and digital PCR, and it has a strong razor-and-blade model in clinical diagnostics.
Bio-Rad’s life science business currently faces a challenging environment due to funding cuts for US life sciences research and the potential for a weakening biotech funding environment.
Metric | BIO | TMO | SRT3 |
|---|---|---|---|
Price/Earnings (Normalized) | 41.65 | 29.05 | 81.61 |
Price/Book Value | 1.37 | 4.86 | 6.84 |
Price/Sales | 4.02 | 5.67 | 5.49 |
Price/Cash Flow | 79.68 | 25.75 | 27.05 |
Metric | BIO | TMO | SRT3 |
|---|---|---|---|
Quick Ratio | 2.15 | 1.23 | 0.43 |
Current Ratio | 3.18 | 1.81 | 1.07 |
Interest Coverage | 26.33 | 5.52 | 4.03 |
Metric | BIO | TMO | SRT3 |
|---|---|---|---|
Return on Assets (Normalized) | 2.55% | 8.32% | 3.58% |
Return on Equity (Normalized) | 3.63% | 17.48% | 12.52% |
Return on Invested Capital (Normalized) | 2.73% | 10.45% | 5.41% |
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