BIO · NYSE · Medical - Devices

Bio-Rad Laboratories (BIO)

Supplies droplet digital PCR, clinical-laboratory systems, reagents, controls, and recurring consumables.

$378.47
vs last close+1.14 (+0.30%)
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Bio-Rad Laboratories, Inc.BIO
Health Care

Sells instruments, systems, reagents, assays, controls, and consumables through Life Science and Clinical Diagnostics. Revenue leans toward clinical diagnostics, while recurring products connect many instruments to laboratory workflows and Droplet Digital PCR anchors the clearest current platform expansion.

Operates through Life Science and Clinical Diagnostics. Life Science spans molecular biology, PCR and Droplet Digital PCR, protein analysis, chromatography, cell biology, and single-cell workflows; Clinical Diagnostics covers quality controls, blood typing, diabetes and hemoglobin testing, autoimmune and infectious-disease testing, and multiplex immunoassays.

Pairs installed instruments and systems with assays, reagents, media, controls, and other consumables across laboratory workflows. A global research, manufacturing, and sales network serves universities, research institutions, hospitals, biopharmaceutical companies, and clinical laboratories.

Depends on research funding and biopharma demand in Life Science, and on regulatory clearance, quality systems, laboratory adoption, and reimbursement in Clinical Diagnostics. Repeated acquisitions underpin the Droplet Digital PCR platform, while founder-family voting control shapes governance. Fair-value changes in the external Sartorius stake flow through reported earnings without making Sartorius an operating segment.

Company facts

CEONorman D. Schwartz
ListedFeb 27, 1980
ExchangeNYSE
HeadquartersHercules, CA
CountryUnited States
Employees7,400
CIK0000012208
ISINUS0905722072

Market cap$10.16B
EPS (ttm)$8.25
P/E (ttm)45.74
ROE3.2%
P/B1.42
P/S3.92
Dividend yieldDiv yield
Beta0.75vs XLV 0.65

Price target$350.00−7.2%Average of 14 analysts
ConsensusBuy8 of 14 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 7, 2026RBC CapitalReiterate
Rating: Target: $370
Rating: OutperformTarget: $390
Aug 5, 2026RBC CapitalReiterate
Rating: Target: $320
Rating: OutperformTarget: $370
May 25, 2026Wells FargoTarget
Target: $290
Target: $310
May 14, 2026RBC CapitalTarget
Target: $565
Target: $320
May 1, 2026Wells FargoReiterate
Rating: Target: $320
Rating: Equal WeightTarget: $290

Next report
Oct 29, 26
estimated · in 37 days
EPS estimate
$2.23
Revenue estimate
$650.6M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Aug '26Oct '26
Reported$2.90$2.54$2.61$2.26$2.51$1.89$2.62Pending
Estimate$2.86$1.73$1.93$2.30$2.57$1.97$1.75$2.23
Surprise+1.4%+46.8%+35.2%−1.7%−2.3%−4.1%+49.7%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Aug '26Oct '26
Reported$667.5M$585.4M$651.6M$653.0M$693.2M$592.1M$651.0MPending
Estimate$679.8M$573.2M$633.8M$694.6M$688.8M$589.9M$624.0M$650.6M
Surprise−1.8%+2.1%+2.8%−6.0%+0.6%+0.4%+4.3%
Estimate$2.23
ReportedDue Oct 29, 2026
Estimate$650.6M
ReportedDue Oct 29, 2026
View details

Debt to equity16.80%
Current ratio314.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$649.7M$667.5M$585.4M$651.6M$653.0M$693.2M$592.1M$651.0M
Net income$653.2M−$715.8M$64.0M$317.8M−$341.9M$720.0M−$527.1M$371.4M
Net margin100.5%0.0%10.9%48.8%0.0%103.9%0.0%57.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$64.5M$58.3M$23.7M$77.1M$66.4M$61.9M$34.1M$72.6M
YoY growth−29.1%−40.4%−54.4%−24.0%+3.0%+6.1%+43.9%−5.8%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.62B · Total debt $1.20B · Total assets $10.25B · Shareholders' equity $7.17B

Revenue
$651.0M
Operating income
$72.6M
Net income
$371.4M
View details

No dividends on record.

Institutions≥ 73.32%19.60M shares
405 holders · as of Jun 30, 2026
Insiders27.18%7.27M shares
3 holders · as of Oct 30, 2025
Adds to100.50%

26.74M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Institutional filings for BIO-B (19% of the company) are not on file here, so the institutional figure is a floor.

These groups come from separate filings that can overlap, so they add to 100.50%; nothing is left for Other.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Norman D. Schwartz1Insiderdirector, 10 percent owner, officer: Chairman & CEO
12.08%449,019filed Oct 30, 2025
Alice N. Schwartz1Insider10 percent owner, other: Director Emeritus
10.22%437,510filed Jul 18, 2025
First Eagle Investment Management, LLCInstitution
9.75%2.61M Aas of Jun 30, 2026
BlackRock, Inc.Institution
6.35%1.70M Aas of Jun 30, 2026
666 Third Ave. - 9th Floor, New York, New York 10017Insider
4.89%1.31Mfiled Nov 14, 2024
  1. The filed share classes (COMMON) could not be matched to the company's, so no percentage.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 11, 2026Eva Anette Engelhardtofficer: EVP, President, CDG−550$246.54
Nov 6, 2025James Barryofficer: EVP, President, LSG−700$306.18
View details

  • Danaher

    Broad overlap across bioprocessing, life-science tools, and diagnostics

  • Thermo Fisher Scientific

    Extensive overlap in PCR, protein analysis, cell biology, and bioprocessing

  • Waters

    Overlaps in flow cytometry, molecular diagnostics, and clinical workflows

  • Abbott

    Competes in core-lab, molecular, and cardiometabolic diagnostics

  • QIAGEN

    Closest specialist overlap in digital PCR and molecular workflows

  • QuidelOrtho

    Focused overlap in clinical immunoassay, blood typing, and infectious testing

Compare

CompanyPriceChange
Bio-Rad Laboratories$378.47+0.30%$10.16B45.736.73.9−0.1%
Danaher$218.21+1.10%$151.67B38.324.76.0+5.5%
Thermo Fisher Scientific$658.32−0.07%$244.81B35.425.15.3+10.5%
Waters$429.05+1.21%$41.62B105.727.59.0+113.3%
Abbott$104.29+1.27%$178.18B33.118.03.8+13.0%
QIAGEN$44.05−1.63%$9.24B23.017.74.4+0.3%
QuidelOrtho$10.97+1.01%$740.6M13.00.3+2.8%
Median35.421.34.8+8.0%