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Hologic, Inc. (HOLX) 10-Year Financial Performance & Capital Metrics

HOLX • • Industrial / General
HealthcareMedical InstrumentsDiagnostic & Monitoring EquipmentDiagnostic Testing & Monitoring
AboutHologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment in the United States, Europe, the Asia-Pacific, and internationally. It operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health. The company provides Aptima molecular diagnostic assays to detect the infectious microorganisms; Aptima viral load tests for HIV, Hepatitis C, and Hepatitis B; Aptima SARS-CoV-2 and Panther Fusion SARS-CoV-2 assays for the detection of SARS-CoV-2; ThinPrep System for use in cytology applications; Rapid Fetal Fibronectin Test that assists physicians in assessing the risk of pre-term birth; and various diagnostic tests for the detection of Group B Streptococcus. It also offers breast imaging and analytics, such as 2D and 3D digital mammography systems and reading workstations, minimally invasive breast biopsy guidance systems and devices, breast biopsy site markers and localization, specimen radiology, and ultrasound and connectivity solutions; and breast conserving surgery products. In addition, the company provides NovaSure Endometrial Ablation System for the treatment of abnormal uterine bleeding; MyoSure Hysteroscopic Tissue Removal System for the removal of fibroids, polyps, and other pathology within the uterus; and Fluent Fluid Management System that provides liquid distention during diagnostic and operative hysteroscopic procedures. Further, it offers Horizon DXA, a dual energy X-ray system; and the Fluoroscan Insight FD mini C-arm to perform minimally invasive orthopedic surgical procedures. The company sells its products through direct sales and service forces, and independent distributors and sales representatives. Hologic, Inc. was incorporated in 1985 and is headquartered in Marlborough, Massachusetts.Show more
  • Revenue $4.03B
  • EBITDA $1.19B +20.1%
  • Net Income $790M +73.1%
  • EPS (Diluted) 3.32 +81.4%
  • Gross Margin 55.28% +7.5%
  • EBITDA Margin 29.57% +20.1%
  • Operating Margin 21.9% +32.0%
  • Net Margin 19.59% +73.1%
  • ROE 15.56% +68.8%
  • ROIC 12.23% +30.0%
  • Debt/Equity 0.52 -10.5%
  • Interest Coverage 7.23 +20.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 28.4% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Good 3Y average ROE of 17.8%
  • ✓Share count reduced 4.5% through buybacks
  • ✓Healthy 5Y average net margin of 24.1%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.76%
5Y3.66%
3Y-10.56%
TTM1.29%

Profit (Net Income) CAGR

10Y46.53%
5Y-
3Y-25%
TTM-20.58%

EPS CAGR

10Y49.38%
5Y-
3Y-22.78%
TTM-18.03%

ROCE

10Y Avg13.09%
5Y Avg19.2%
3Y Avg13.39%
Latest11%

Peer Comparison

Diagnostic Testing & Monitoring
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NNNNAnbio Biotechnology Class A Ordinary Shares1.52B34.59617.6821.95%31.03%29.08%0.14%
DXRDaxor Corporation69.03M13.70124.55-93.84%401.5%9.78%0.04%0.02
BDXBecton, Dickinson and Company59.36B208.3535.748.23%7.68%6.61%4.5%0.76
HOLXHologic, Inc.16.73B75.0222.60-0%13.79%11.5%6.84%0.52
GCTKGlucoTrack, Inc.3.62M3.980.07-389.1%
QDELQuidelOrtho Corporation2.4B35.38-1.16-7.17%-43.43%-57.92%0.90
KMTSKESTRA MEDICAL TECHNOLOGIES, LTD.1.34B22.98-4.48115.05%-177.99%-80.55%0.22
OSUROraSure Technologies, Inc.196.55M2.74-10.54-54.17%-47.92%-16.64%12%0.04

Profit & Loss

Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Sales/Revenue+2.71B2.83B3.06B3.22B3.37B3.78B5.63B4.86B4.03B4.03B
Revenue Growth %0.07%0.05%0.08%0.05%0.05%0.12%0.49%-0.14%-0.17%-0%
Cost of Goods Sold+1.27B1.27B1.44B1.52B2.06B1.55B1.84B1.87B1.96B1.8B
COGS % of Revenue0.47%0.45%0.47%0.47%0.61%0.41%0.33%0.38%0.49%0.45%
Gross Profit+1.43B1.56B1.62B1.7B1.31B2.23B3.8B3B2.07B2.23B
Gross Margin %0.53%0.55%0.53%0.53%0.39%0.59%0.67%0.62%0.51%0.55%
Gross Profit Growth %0.15%0.09%0.04%0.05%-0.23%0.7%0.7%-0.21%-0.31%0.08%
Operating Expenses+949.1M1B1.14B1.19B1.18B1.12B1.32B1.36B1.4B1.35B
OpEx % of Revenue0.35%0.35%0.37%0.37%0.35%0.3%0.23%0.28%0.35%0.33%
Selling, General & Admin624M682.4M841.9M910.7M897.2M840.3M994.4M1.04B987.6M994.8M
SG&A % of Revenue0.23%0.24%0.28%0.28%0.27%0.22%0.18%0.21%0.25%0.25%
Research & Development214.9M232.1M232.8M218.7M232.2M222.5M276.3M283.4M294.3M272.8M
R&D % of Revenue0.08%0.08%0.08%0.07%0.07%0.06%0.05%0.06%0.07%0.07%
Other Operating Expenses-11M26.6M12.9M7.6M52M59.7M44.8M35.8M121.2M77.6M
Operating Income+455.1M548.6M1.37B-237.9M134.4M1.1B2.48B1.64B668.4M882.6M
Operating Margin %0.17%0.19%0.45%-0.07%0.04%0.29%0.44%0.34%0.17%0.22%
Operating Income Growth %0.63%0.21%1.5%-1.17%1.56%7.22%1.24%-0.34%-0.59%0.32%
EBITDA+946.5M1.01B1.82B242.4M597.4M1.48B2.89B2.07B991.8M1.19B
EBITDA Margin %0.35%0.36%0.59%0.08%0.18%0.39%0.51%0.43%0.25%0.3%
EBITDA Growth %1.41%0.07%0.79%-0.87%1.46%1.48%0.95%-0.28%-0.52%0.2%
D&A (Non-Cash Add-back)491.4M465.4M449.2M480.3M463M376M406.9M430.1M323.4M309M
EBIT382.7M570.6M1.38B-269.9M-116.9M1.12B2.45B1.68B787.2M987.2M
Net Interest Income+-204.2M-154.6M-149.4M-142.4M-136.2M-112.2M-92.2M-82.2M9.4M-13.4M
Interest Income1.3M700K3.8M6.3M4.6M4.3M1.4M12.9M120.5M108.7M
Interest Expense205.5M155.3M153.2M148.7M140.8M116.5M93.6M95.1M111.1M122.1M
Other Income/Expense-277.9M-133.3M-139.7M-180.7M-296.3M-103.1M-119.2M-52M7.7M-17.5M
Pretax Income+177.2M415.3M1.23B-418.6M-95.3M1B2.36B1.59B676.1M865.1M
Pretax Margin %0.07%0.15%0.4%-0.13%-0.03%0.27%0.42%0.33%0.17%0.21%
Income Tax+45.6M84.5M475M-307.3M-55.1M-108.6M491.4M286.2M220.1M75.6M
Effective Tax Rate %0.74%0.8%0.61%0.27%0.42%1.11%0.79%0.82%0.67%0.91%
Net Income+131.6M330.8M755.5M-111.3M-40.2M1.12B1.87B1.3B456M789.5M
Net Margin %0.05%0.12%0.25%-0.03%-0.01%0.3%0.33%0.27%0.11%0.2%
Net Income Growth %6.61%1.51%1.28%-1.15%0.64%28.74%0.68%-0.3%-0.65%0.73%
Net Income (Continuing)131.6M330.8M755.5M-111.3M-203.6M1.11B1.87B1.3B456M789.5M
Discontinued Operations0000000000
Minority Interest000002.1M0000
EPS (Diluted)+0.451.162.64-0.40-0.154.217.215.131.833.32
EPS Growth %6.5%1.58%1.28%-1.15%0.63%29.07%0.71%-0.29%-0.64%0.81%
EPS (Basic)0.471.182.70-0.40-0.154.247.285.181.853.35
Diluted Shares Outstanding289.54M286.16M285.65M275.11M269.41M264.61M259.71M253.84M248.83M237.55M
Basic Shares Outstanding280.57M280.21M279.81M275.11M269.41M262.73M257.05M251.53M246.77M235.72M
Dividend Payout Ratio----------

Balance Sheet

Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Total Current Assets+1.27B1.33B1.48B1.72B1.79B2.22B3.17B3.86B4.18B3.82B
Cash & Short-Term Investments492.7M548.4M540.6M666.7M601.8M701M1.17B2.34B2.72B2.33B
Cash Only492.7M548.4M540.6M666.7M601.8M701M1.17B2.34B2.72B2.16B
Short-Term Investments000000000173.4M
Accounts Receivable416.1M447M533.5M579.2M648.7M1.03B942.7M617.6M625.6M600.4M
Days Sales Outstanding56.1557.663.6665.770.3299.4561.0946.3656.6654.37
Inventory283.1M274.7M331.6M384.1M444.9M395.1M501.2M623.7M617.6M679.8M
Days Inventory Outstanding81.2278.9984.1892.1678.8693.1199.61122.04115.08137.66
Other Current Assets53.6M39.6M50.5M61.5M62.8M58.5M528.8M232.2M187.2M156.2M
Total Non-Current Assets+6.4B5.99B6.5B5.51B4.82B4.97B5.75B5.21B4.95B5.33B
Property, Plant & Equipment457.1M460.2M472.8M478.2M470.9M572.2M648.3M550.5M579.7M630M
Fixed Asset Turnover5.92x6.16x6.47x6.73x7.15x6.60x8.69x8.83x6.95x6.40x
Goodwill2.81B2.8B3.17B2.53B2.56B2.66B3.28B3.24B3.28B3.44B
Intangible Assets3.02B2.64B2.75B2.4B1.46B1.31B1.66B1.28B888.6M844.6M
Long-Term Investments25M3.5M3M8.8M54.1M11.4M9.5M5.5M15.5M150.7M
Other Non-Current Assets63.2M60.9M72.6M76M83.3M409M130.7M119.9M133.1M135.5M
Total Assets+7.67B7.32B7.98B7.23B6.61B7.2B8.92B9.07B9.14B9.16B
Asset Turnover0.35x0.39x0.38x0.45x0.51x0.52x0.63x0.54x0.44x0.44x
Asset Growth %-0.09%-0.05%0.09%-0.09%-0.09%0.09%0.24%0.02%0.01%0%
Total Current Liabilities+944M901.9M1.87B1.4B1.07B1.24B1.33B937.7M1.21B1.04B
Accounts Payable117M156.9M166.6M192.2M186.5M178.8M215.9M197.7M175.2M203.8M
Days Payables Outstanding33.5745.1142.2946.1233.0642.1342.9138.6832.6441.27
Short-Term Debt391.2M296M1.15B599.7M271.4M324.9M313M15M287M37.5M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities173.2M176.4M176.7M196M223.4M262.7M313.5M292.2M288.3M289M
Current Ratio1.34x1.47x0.79x1.23x1.68x1.79x2.39x4.12x3.47x3.69x
Quick Ratio1.04x1.17x0.61x0.95x1.26x1.47x2.01x3.45x2.95x3.03x
Cash Conversion Cycle103.891.47105.55111.74116.12150.42117.79129.71139.09150.76
Total Non-Current Liabilities+4.65B4.27B3.33B3.4B3.26B3.25B3.37B3.26B2.92B2.99B
Long-Term Debt3.22B3.05B2.17B2.7B2.78B2.71B2.71B2.81B2.53B2.5B
Capital Lease Obligations34M34.8M56.8M56.4M52.9M83M88.9M71.8M62.4M96.1M
Deferred Tax Liabilities1.18B982.6M973.6M498.2M275.3M305.5M460.5M342.4M294.5M371.2M
Other Non-Current Liabilities166.9M189.7M106.1M122.1M128.7M133.9M92.6M25.3M13.2M10.6M
Total Liabilities5.59B5.17B5.19B4.8B4.33B4.49B4.7B4.2B4.12B4.03B
Total Debt+3.65B3.38B3.38B3.36B3.11B3.15B3.14B2.92B2.9B2.66B
Net Debt3.15B2.83B2.84B2.7B2.51B2.45B1.97B582.1M181.6M497.8M
Debt / Equity1.75x1.58x1.21x1.38x1.36x1.16x0.75x0.60x0.58x0.52x
Debt / EBITDA3.85x3.33x1.86x13.87x5.21x2.13x1.09x1.41x2.93x2.23x
Net Debt / EBITDA3.33x2.79x1.56x11.12x4.20x1.65x0.68x0.28x0.18x0.42x
Interest Coverage2.21x3.53x8.94x-1.60x0.95x9.48x26.50x17.25x6.02x7.23x
Total Equity+2.08B2.14B2.78B2.43B2.28B2.71B4.22B4.88B5.02B5.13B
Equity Growth %0.01%0.03%0.3%-0.13%-0.06%0.19%0.56%0.16%0.03%0.02%
Book Value per Share7.187.499.758.838.4610.2316.2419.2120.1621.60
Total Shareholders' Equity2.08B2.14B2.78B2.43B2.28B2.71B4.22B4.88B5.02B5.13B
Common Stock2.8M2.9M2.9M2.9M2.9M2.9M3M3M3M3M
Retained Earnings-3.47B-3.14B-2.38B-2.49B-2.69B-1.57B298.3M1.6B2.06B2.85B
Treasury Stock0-250M-450.1M-725.9M-926M-1.58B-1.99B-2.53B-3.04B-3.85B
Accumulated OCI-14.5M-32.3M-16.2M-25.5M-42.3M-49.7M-59.1M-238.2M-147.6M-111.5M
Minority Interest000002.1M0000

Cash Flow

Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Cash from Operations+786.1M787.2M8.3M732.9M649.5M896.6M2.33B2.13B1.05B1.29B
Operating CF Margin %0.29%0.28%0%0.23%0.19%0.24%0.41%0.44%0.26%0.32%
Operating CF Growth %0.55%0%-0.99%87.3%-0.11%0.38%1.6%-0.09%-0.51%0.22%
Net Income131.6M330.8M755.5M-111.3M-40.2M1.11B1.87B1.3B456M789.5M
Depreciation & Amortization491.4M465.4M449.2M480.3M463.1M376M406.9M430.1M323.4M309M
Stock-Based Compensation59.3M65.4M68.2M65M62M83.3M65M66.7M79.6M82.3M
Deferred Taxes-148.8M-155.8M-357.2M-477.3M-231.7M-94.4M0-166.2M0-72.1M
Other Non-Cash Items154.1M25M-804.2M802.4M557.6M57.5M21.4M38.9M189.2M92.4M
Working Capital Changes98.5M56.4M-103.2M-26.2M-161.3M-636.3M-34.4M454.2M3M84.1M
Change in Receivables-30.3M-31.8M-41.5M-38.2M-76.5M-427.1M110.9M272.3M-1.5M41M
Change in Inventory43.9M7.6M-11.6M-50.6M-63M-25.3M-84.1M-136.6M-4.9M-47.4M
Change in Payables25.5M40.1M-10.6M23.9M-5.5M-4.9M0-14.4M022.2M
Cash from Investing+-86.1M-68.4M285.8M-195.2M-280.7M-141.6M-1.33B-206.3M-152.1M-781M
Capital Expenditures-89.4M-98.5M-107.6M-105.6M-113.6M-156.4M-177.7M-127.2M-150.2M-72.4M
CapEx % of Revenue0.03%0.03%0.04%0.03%0.03%0.04%0.03%0.03%0.04%0.02%
Acquisitions----------
Investments----------
Other Investing-300K3M-600K-7.2M-30.8M-2.7M12.8M79.5M3.1M-143.6M
Cash from Financing+-936.7M-659.7M-309.2M-404.8M-431.5M-659.9M-529.8M-756M-483.2M-1.11B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing57.1M233.1M29.3M16.5M29M25.2M39.4M-1.6M34.6M-20M
Net Change in Cash----------
Free Cash Flow+696.7M688.7M-99.3M627.3M535.9M740.2M2.15B2B901M1.15B
FCF Margin %0.26%0.24%-0.03%0.19%0.16%0.2%0.38%0.41%0.22%0.28%
FCF Growth %0.63%-0.01%-1.14%7.32%-0.15%0.38%1.91%-0.07%-0.55%0.27%
FCF per Share2.412.41-0.352.281.992.808.297.873.624.82
FCF Conversion (FCF/Net Income)5.97x2.38x0.01x-6.58x-16.16x0.80x1.25x1.63x2.31x1.63x
Interest Paid143M104M102.4M122.1M132.5M109.5M93.2M99.7M105.4M0
Taxes Paid168.7M184.8M867.8M178.2M180.6M265.9M036.2M0137.9M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)6.35%15.67%30.67%-4.27%-1.71%44.73%54.04%28.63%9.22%15.56%
Return on Invested Capital (ROIC)6.29%8.06%19.39%-3.32%2.03%16.67%32.79%21.12%9.41%12.23%
Gross Margin52.96%55.19%52.99%52.73%38.85%58.98%67.39%61.64%51.4%55.28%
Net Margin4.87%11.68%24.7%-3.46%-1.19%29.53%33.23%26.77%11.31%19.59%
Debt / Equity1.75x1.58x1.21x1.38x1.36x1.16x0.75x0.60x0.58x0.52x
Interest Coverage2.21x3.53x8.94x-1.60x0.95x9.48x26.50x17.25x6.02x7.23x
FCF Conversion5.97x2.38x0.01x-6.58x-16.16x0.80x1.25x1.63x2.31x1.63x
Revenue Growth6.89%4.72%7.98%5.2%4.64%12.15%49.14%-13.66%-17.12%-0%

Revenue by Segment

2015201620172018201920202021202220232024
Diagnostics1.21B1.24B1.2B1.15B-2.1B3.69B3.02B-1.78B
Diagnostics Growth-2.07%-3.22%-4.15%--75.78%-18.31%--
Breast Health1.06B1.11B1.14B1.22B-1.15B1.35B1.23B-1.52B
Breast Health Growth-4.65%2.29%7.02%--17.40%-9.21%--
Gyn Surgical335.8M393.1M427.1M422M-376.1M488.1M522.9M-641.3M
Gyn Surgical Growth-17.06%8.65%-1.19%--29.78%7.13%--
Skeletal Health94M89.9M88.8M91.2M-81M96.9M93.6M-84.1M
Skeletal Health Growth--4.36%-1.22%2.70%--19.63%-3.41%--
Consumables----1.79B---2.54B-
Consumables Growth----------
Capital Equipment, Components and Software--------740.5M-
Capital Equipment, Components and Software Growth----------
Service--------730.5M-
Service Growth----------
Other Type of Revenue--------20M-
Other Type of Revenue Growth----------
Medical Aesthetics [Domain]-----65.3M----
Medical Aesthetics [Domain] Growth----------
Medical Aesthetics--207.5M339.1M------
Medical Aesthetics Growth---63.42%------

Revenue by Geography

2015201620172018201920202021202220232024
United States------3.9B3.47B3.06B3.02B
United States Growth--------11.13%-11.82%-1.11%
Europe----396M569.8M1.2B888.5M520.3M532.7M
Europe Growth-----43.89%110.92%-26.07%-41.44%2.38%
Asia-Pacific------365M359.7M255.7M259.6M
Asia-Pacific Growth--------1.45%-28.91%1.53%
World------163.2M146.7M196.4M213.9M
World Growth--------10.11%33.88%8.91%
Asia Pacific----286M226.8M----
Asia Pacific Growth------20.70%----
Gyn Surgical335.8M393.1M427.1M422M------
Gyn Surgical Growth-17.06%8.65%-1.19%------

Frequently Asked Questions

Valuation & Price

Hologic, Inc. (HOLX) has a price-to-earnings (P/E) ratio of 22.6x. This is roughly in line with market averages.

Growth & Financials

Hologic, Inc. (HOLX) reported $4.04B in revenue for fiscal year 2024. This represents a 126% increase from $1.79B in 2011.

Hologic, Inc. (HOLX) saw revenue decline by 0.0% over the past year.

Yes, Hologic, Inc. (HOLX) is profitable, generating $557.1M in net income for fiscal year 2024 (19.6% net margin).

Dividend & Returns

Hologic, Inc. (HOLX) has a return on equity (ROE) of 15.6%. This is reasonable for most industries.

Hologic, Inc. (HOLX) generated $938.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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