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Stock Comparison

HBIO vs MLAB

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
HBIO
Harvard Bioscience, Inc.

Medical - Instruments & Supplies

HealthcareNASDAQ • US
Market Cap$304M
5Y Perf.-74.3%
MLAB
Mesa Laboratories, Inc.

Hardware, Equipment & Parts

TechnologyNASDAQ • US
Market Cap$586M
5Y Perf.-59.8%

HBIO vs MLAB — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
HBIO logoHBIO
MLAB logoMLAB
IndustryMedical - Instruments & SuppliesHardware, Equipment & Parts
Market Cap$304M$586M
Revenue (TTM)$87M$248M
Net Income (TTM)$-57M$4M
Gross Margin53.0%60.6%
Operating Margin-0.7%7.0%
Forward P/E11.7x
Total Debt$36M$181M
Cash & Equiv.$9M$27M

HBIO vs MLABLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

HBIO
MLAB
StockMay 20May 26Return
Harvard Bioscience,… (HBIO)10025.7-74.3%
Mesa Laboratories, … (MLAB)10040.2-59.8%

Price return only. Dividends and distributions are not included.

Quick Verdict: HBIO vs MLAB

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: MLAB leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Harvard Bioscience, Inc. is the stronger pick specifically for recent price momentum and sentiment. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
HBIO
Harvard Bioscience, Inc.
The Income Pick

HBIO is the clearest fit if your priority is income & stability.

  • Dividend streak 0 yrs, beta 2.03
  • +126.3% vs MLAB's -11.2%
Best for: income & stability
MLAB
Mesa Laboratories, Inc.
The Growth Play

MLAB carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.

  • Rev growth 11.5%, EPS growth 99.2%, 3Y rev CAGR 9.3%
  • 4.5% 10Y total return vs HBIO's -76.2%
  • Lower volatility, beta 1.78, current ratio 0.63x
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthMLAB logoMLAB11.5% revenue growth vs HBIO's -8.1%
ValueMLAB logoMLABBetter valuation composite
Quality / MarginsMLAB logoMLAB1.5% margin vs HBIO's -65.5%
Stability / SafetyMLAB logoMLABBeta 1.78 vs HBIO's 2.03, lower leverage
DividendsMLAB logoMLAB0.6% yield; the other pay no meaningful dividend
Momentum (1Y)HBIO logoHBIO+126.3% vs MLAB's -11.2%
Efficiency (ROA)MLAB logoMLAB0.9% ROA vs HBIO's -71.3%, ROIC 3.7% vs -0.7%

HBIO vs MLAB — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

HBIOHarvard Bioscience, Inc.
FY 2025
Instruments, Equipment, Software, and Accessories
90.4%$78M
Service, Maintenance, and Warranty Contracts
9.6%$8M
MLABMesa Laboratories, Inc.
FY 2025
Product
82.3%$198M
Service
17.7%$43M

HBIO vs MLAB — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLMLABLAGGINGHBIO

Income & Cash Flow (Last 12 Months)

MLAB leads this category, winning 5 of 5 comparable metrics.

MLAB is the larger business by revenue, generating $248M annually — 2.9x HBIO's $87M. MLAB is the more profitable business, keeping 1.5% of every revenue dollar as net income compared to HBIO's -65.5%. On growth, MLAB holds the edge at +3.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricHBIO logoHBIOHarvard Bioscienc…MLAB logoMLABMesa Laboratories…
RevenueTrailing 12 months$87M$248M
EBITDAEarnings before interest/tax$5M$37M
Net IncomeAfter-tax profit-$57M$4M
Free Cash FlowCash after capex$5M$38M
Gross MarginGross profit ÷ Revenue+53.0%+60.6%
Operating MarginEBIT ÷ Revenue-0.7%+7.0%
Net MarginNet income ÷ Revenue-65.5%+1.5%
FCF MarginFCF ÷ Revenue+5.9%+15.2%
Rev. Growth (YoY)Latest quarter vs prior year-3.3%+3.6%
EPS Growth (YoY)Latest quarter vs prior year+3.1%
MLAB leads this category, winning 5 of 5 comparable metrics.

Valuation Metrics

MLAB leads this category, winning 5 of 5 comparable metrics.

On an enterprise value basis, MLAB's 18.1x EV/EBITDA is more attractive than HBIO's 62.2x.

MetricHBIO logoHBIOHarvard Bioscienc…MLAB logoMLABMesa Laboratories…
Market CapShares × price$304M$586M
Enterprise ValueMkt cap + debt − cash$331M$740M
Trailing P/EPrice ÷ TTM EPS-5.30x-294.78x
Forward P/EPrice ÷ next-FY EPS est.11.71x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple62.25x18.12x
Price / SalesMarket cap ÷ Revenue3.51x2.43x
Price / BookPrice ÷ Book value/share21.95x3.60x
Price / FCFMarket cap ÷ FCF54.08x13.86x
MLAB leads this category, winning 5 of 5 comparable metrics.

Profitability & Efficiency

MLAB leads this category, winning 7 of 9 comparable metrics.

MLAB delivers a 2.0% return on equity — every $100 of shareholder capital generates $2 in annual profit, vs $-4 for HBIO. MLAB carries lower financial leverage with a 1.14x debt-to-equity ratio, signaling a more conservative balance sheet compared to HBIO's 2.61x. On the Piotroski fundamental quality scale (0–9), MLAB scores 6/9 vs HBIO's 4/9, reflecting solid financial health.

MetricHBIO logoHBIOHarvard Bioscienc…MLAB logoMLABMesa Laboratories…
ROE (TTM)Return on equity-3.9%+2.0%
ROA (TTM)Return on assets-71.3%+0.9%
ROICReturn on invested capital-0.7%+3.7%
ROCEReturn on capital employed-1.0%+4.9%
Piotroski ScoreFundamental quality 0–946
Debt / EquityFinancial leverage2.61x1.14x
Net DebtTotal debt minus cash$27M$154M
Cash & Equiv.Liquid assets$9M$27M
Total DebtShort + long-term debt$36M$181M
Interest CoverageEBIT ÷ Interest expense-0.13x2.36x
MLAB leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

MLAB leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in MLAB five years ago would be worth $4,350 today (with dividends reinvested), compared to $925 for HBIO. Over the past 12 months, HBIO leads with a +126.3% total return vs MLAB's -11.2%. The 3-year compound annual growth rate (CAGR) favors MLAB at -12.5% vs HBIO's -51.4% — a key indicator of consistent wealth creation.

MetricHBIO logoHBIOHarvard Bioscienc…MLAB logoMLABMesa Laboratories…
YTD ReturnYear-to-date+4.1%+33.8%
1-Year ReturnPast 12 months+126.3%-11.2%
3-Year ReturnCumulative with dividends-88.5%-33.0%
5-Year ReturnCumulative with dividends-90.7%-56.5%
10-Year ReturnCumulative with dividends-76.2%+4.5%
CAGR (3Y)Annualised 3-year return-51.4%-12.5%
MLAB leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

MLAB leads this category, winning 2 of 2 comparable metrics.

MLAB is the less volatile stock with a 1.78 beta — it tends to amplify market swings less than HBIO's 2.03 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MLAB currently trades 80.9% from its 52-week high vs HBIO's 71.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricHBIO logoHBIOHarvard Bioscienc…MLAB logoMLABMesa Laboratories…
Beta (5Y)Sensitivity to S&P 5002.03x1.78x
52-Week HighHighest price in past year$9.46$131.20
52-Week LowLowest price in past year$0.59$55.45
% of 52W HighCurrent price vs 52-week peak+71.8%+80.9%
RSI (14)Momentum oscillator 0–10065.866.1
Avg Volume (50D)Average daily shares traded59K123K
MLAB leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates HBIO as "Buy" and MLAB as "Hold". Consensus price targets imply -11.4% upside for MLAB (target: $94) vs -11.6% for HBIO (target: $6). MLAB is the only dividend payer here at 0.60% yield — a key consideration for income-focused portfolios.

MetricHBIO logoHBIOHarvard Bioscienc…MLAB logoMLABMesa Laboratories…
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$6.00$94.00
# AnalystsCovering analysts58
Dividend YieldAnnual dividend ÷ price+0.6%
Dividend StreakConsecutive years of raises00
Dividend / ShareAnnual DPS$0.64
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

MLAB leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics.

Best OverallMesa Laboratories, Inc. (MLAB)Leads 5 of 6 categories
Loading custom metrics...

HBIO vs MLAB: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is HBIO or MLAB a better buy right now?

For growth investors, Mesa Laboratories, Inc.

(MLAB) is the stronger pick with 11. 5% revenue growth year-over-year, versus -8. 1% for Harvard Bioscience, Inc. (HBIO). Analysts rate Harvard Bioscience, Inc. (HBIO) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — HBIO or MLAB?

Over the past 5 years, Mesa Laboratories, Inc.

(MLAB) delivered a total return of -56. 5%, compared to -90. 7% for Harvard Bioscience, Inc. (HBIO). Over 10 years, the gap is even starker: MLAB returned +4. 5% versus HBIO's -76. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — HBIO or MLAB?

By beta (market sensitivity over 5 years), Mesa Laboratories, Inc.

(MLAB) is the lower-risk stock at 1. 78β versus Harvard Bioscience, Inc. 's 2. 03β — meaning HBIO is approximately 14% more volatile than MLAB relative to the S&P 500. On balance sheet safety, Mesa Laboratories, Inc. (MLAB) carries a lower debt/equity ratio of 114% versus 3% for Harvard Bioscience, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — HBIO or MLAB?

By revenue growth (latest reported year), Mesa Laboratories, Inc.

(MLAB) is pulling ahead at 11. 5% versus -8. 1% for Harvard Bioscience, Inc. (HBIO). On earnings-per-share growth, the picture is similar: Mesa Laboratories, Inc. grew EPS 99. 2% year-over-year, compared to -357. 1% for Harvard Bioscience, Inc.. Over a 3-year CAGR, MLAB leads at 9. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — HBIO or MLAB?

Mesa Laboratories, Inc.

(MLAB) is the more profitable company, earning -0. 8% net margin versus -65. 5% for Harvard Bioscience, Inc. — meaning it keeps -0. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MLAB leads at 6. 8% versus -0. 7% for HBIO. At the gross margin level — before operating expenses — MLAB leads at 62. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Is HBIO or MLAB more undervalued right now?

Analyst consensus price targets imply the most upside for MLAB: -11.

4% to $94. 00.

07

Which pays a better dividend — HBIO or MLAB?

In this comparison, MLAB (0.

6% yield) pays a dividend. HBIO does not pay a meaningful dividend and should not be held primarily for income.

08

Is HBIO or MLAB better for a retirement portfolio?

For long-horizon retirement investors, Mesa Laboratories, Inc.

(MLAB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (0. 6% yield). Harvard Bioscience, Inc. (HBIO) carries a higher beta of 2. 03 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MLAB: +4. 5%, HBIO: -76. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between HBIO and MLAB?

These companies operate in different sectors (HBIO (Healthcare) and MLAB (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

MLAB pays a dividend while HBIO does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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HBIO

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 31%
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MLAB

Stable Dividend Mega-Cap

  • Sector: Technology
  • Market Cap > $100B
  • Gross Margin > 36%
  • Dividend Yield > 0.5%
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Revenue Growth>
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