MLAB · NASDAQ · Medical - Specialties

Mesa Laboratories (MLAB)

Supplies sterilization, biopharma, calibration, and clinical-genomics tools for regulated health markets.

$134.63
After hours−0.02 (−0.01%)
At close$134.65(+2.11%)
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Mesa Laboratories, Inc.MLAB
Health Care

Sells life-science tools and quality-control solutions across sterilization and disinfection control, biopharmaceutical development, calibration, and clinical genomics. Revenue comes from consumables, instruments, software, services, and lab testing, with sterilization indicators and calibration tools forming the largest current pillars.

Designs and manufactures life-science tools and critical quality-control solutions for regulated pharmaceutical, healthcare, and medical-device customers. The operating structure spans Sterilization and Disinfection Control, Biopharmaceutical Development, Calibration Solutions, and Clinical Genomics.

Sales move through direct teams in North America, Europe, and APAC plus independent distributors globally. The portfolio includes biological and chemical sterilization indicators, lab testing services, automated protein-analysis and peptide-synthesis systems, calibration and monitoring tools, and genetic-analysis products.

Most current weight sits in sterilization indicators and calibration solutions, while Clinical Genomics is exposed to China demand and trade conditions. The business depends on regulated customer workflows where product quality, suitability for use, cost effectiveness, and channel reach matter.

Company facts

CEOSiddhartha Kadia
ListedFeb 29, 1984
ExchangeNASDAQ
HeadquartersLakewood, CO
CountryUnited States
Employees717
CIK0000724004
ISINUS59064R1095

Market cap$737.9M
EPS (ttm)$0.8400
P/E (ttm)156.99
ROE2.6%
P/B3.91
P/S2.95
Dividend yieldDiv yield0.49%
Beta1.29vs XLV 0.98

Price target$110.00−18.9%Average of 8 analysts
ConsensusHold5 of 8 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 14, 2026Wells FargoReiterate
Rating: Target: $94
Rating: Equal WeightTarget: $110
Feb 4, 2026Wells FargoReiterate
Rating: Target: $83
Rating: Equal WeightTarget: $94
Dec 15, 2025Wells FargoReiterate
Rating: Target: $120
Rating: Equal WeightTarget: $83
Aug 8, 2025Wells FargoUpgrade
Rating: Underweight
Rating: Equal Weight

Next report
Nov 5, 26
in 44 days
EPS estimate
$1.59
Revenue estimate
$61.6M
Fiscal quarter
Q2 FY27

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$2.67$2.23$2.32$1.76$3.07$2.76$2.68Pending
Estimate$1.41$2.75$2.46$2.30$1.40$2.09$2.63$1.59
Surprise+89.4%−18.9%−5.7%−23.5%+119.3%+32.1%+1.9%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$62.8M$62.1M$59.5M$60.7M$65.1M$63.7M$60.1MPending
Estimate$61.5M$61.9M$60.4M$60.7M$63.2M$65.2M$60.9M$61.6M
Surprise+2.1%+0.4%−1.4%0.0%+3.0%−2.3%−1.2%
Estimate$1.59
ReportedDue Nov 5, 2026
Estimate$61.6M
ReportedDue Nov 5, 2026
View details

Debt to equity53.70%
Current ratio207.20%

ProfitabilityRevenueNet incomeNet margin

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue$57.8M$62.8M$62.1M$59.5M$60.7M$65.1M$63.7M$60.1M
Net income$3.4M−$1.7M−$7.1M$4.7M$2.5M$3.6M−$4.1M$2.8M
Net margin5.9%0.0%0.0%8.0%4.1%5.6%0.0%4.7%

GrowthOperating income

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Operating income$3.5M$5.8M$1.5M$3.1M$4.7M$8.0M$2.7M$7.0M
YoY growthTurned profitTurned profitTurned profit−45.1%+34.7%+38.0%+87.1%+129.5%

Balance sheet, Jun 30, 2026Cash & short-term investments $30.7M · Total debt $101.4M · Total assets $419.2M · Shareholders' equity $188.8M

Revenue
$60.1M
Operating income
$7.0M
Net income
$2.8M
View details

Dividend yield
0.49%
Next ex-date
Nov 30, 26
estimated · in 69 days
Annual dividend
$0.64
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Dividend$0.16$0.16$0.16$0.16$0.16$0.16$0.16$0.16
Annual yield0.55%0.46%0.64%0.94%0.80%0.66%0.63%0.50%
Ex-dateNov 29Feb 28May 30Aug 29Nov 28Feb 27May 29Aug 31
Payment dateDec 16Mar 17Jun 16Sep 15Dec 15Mar 16Jun 15Sep 15
View details

Institutions≈ 90.80%5.08M shares
161 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders2.90%162.3K shares
11 holders · as of Aug 17, 2026
Other≈ 6.30%352.3K shares
remainder

5.60M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Conestoga Capital AdvisorsInstitution
11.05%618,111filed Jan 10, 2025
Long Path Partners LPInstitution
8.53%477,126as of Jun 30, 2026
BlackRock, Inc.Institution
7.87%440,552as of Jun 30, 2026
Long Path Smaller Companies Fund, LPInstitution
7.25%405,583filed Apr 15, 2026
Boston PartnersInstitution
4.74%265,149as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 13, 2026John James Sullivandirector−7,093$112.80
Aug 13, 2026Siddhartha Kadiaofficer: President and CEO+7,093$112.80
Aug 13, 2026R. Tony Tripenydirector+900$113.69
Jun 22, 2026John Sakysofficer: CFO−2,827$89.50
Jun 22, 2026Brian David Archboldofficer: SVP Operations−2,516$89.50
View details

  • STERIS

    Sterilization-assurance rival with biological indicators and services

  • Solventum

    Attest sterilization monitoring competes with SDC indicator lines

  • Fortive

    Calibration and process-test rival through Fluke Calibration

  • Thermo Fisher Scientific

    Broad life-science tools rival in protein biology and genetic analysis

  • Danaher

    Life-science and diagnostics platform competing across BPD and genomics

  • Bio-Rad Laboratories

    Protein-analysis and digital-PCR rival for research and biopharma labs

  • QIAGEN

    Molecular testing and genomic-profiling rival to Clinical Genomics

CompareAfter hours

CompanyPriceChange
Mesa Laboratories$134.63−0.01%$737.9M157.016.33.0+1.0%
STERIS$208.79+0.02%$20.17B25.318.23.3+7.1%
Solventum$88.75−0.04%$15.38B10.813.11.9+2.2%
Fortive$55.950.00%$16.64B32.417.93.9−27.8%
Thermo Fisher Scientific$658.52−0.03%$244.81B35.425.15.3+10.5%
Danaher$220.87−0.11%$151.67B38.325.06.0+5.5%
Bio-Rad Laboratories$379.57−0.01%$10.16B45.736.83.9−0.1%
QIAGEN$43.690.00%$9.24B23.017.54.4+0.3%
Median32.418.23.9+2.2%