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Qiagen N.V. (QGEN) 10-Year Financial Performance & Capital Metrics

QGEN • • Industrial / General
HealthcareDiagnostics & ResearchLife Sciences Instrumentation & ToolsLaboratory Equipment & Consumables
AboutQIAGEN N.V. offers sample to insight solutions that transform biological materials into molecular insights worldwide. The company provides primary sample technology consumables, such as nucleic stabilization and purification kits for primary sample materials, manual and automated processing for genotyping, gene expression, and viral and bacterial analysis, as well as silica membranes and magnetic bead technologies; secondary sample technology consumables, including kits and components for purification of nucleic acids from secondary sample materials; and instruments for nucleic acid purification and accessories. It also provides interferon-gamma release assay for TB testing, and assays for post-transplant testing and viral load monitoring; assays for prenatal testing and detection of sexually transmitted diseases and HPV, as well as assays for analysis of genomic variants, such as mutations, insertions, deletions, and fusions; and sample to insight instruments, including one-step molecular analysis of hard-to-diagnose syndromes, and integrated PCR testing. In addition, it offers PCR consumables, such as quantitative PCR, reverse transcription, and combinations kits for analysis of gene expression, genotyping, and gene regulation instruments and technologies; human ID and forensics assay consumables, including STR assays for human ID, and assays for food contamination; PCR instruments consist of digital PCR solutions; and developed and configured OEM consumables. Further, the company provides predefined and custom NGS gene panels, library prep kits and components, and whole genome amplification; QIAGEN consumables and instruments, as well as bioinformatics solutions; and custom laboratory and genomic services. It serves molecular diagnostics, academia, pharmaceutical, and applied testing customers. It has a strategic alliance agreement with Sysmex Corporation and OncXerna Therapeutics, as well as an agreement with Mirati. The company was founded in 1986 and is headquartered in Venlo, the Netherlands.Show more
  • Revenue $1.98B +0.7%
  • EBITDA $301M -51.1%
  • Net Income $84M -75.5%
  • EPS (Diluted) 0.38 -75.8%
  • Gross Margin 48.9% -22.1%
  • EBITDA Margin 15.21% -51.4%
  • Operating Margin 4.94% -76.3%
  • Net Margin 4.23% -75.7%
  • ROE 2.27% -75.8%
  • ROIC 1.63% -75.4%
  • Debt/Equity 0.40 -1.4%
  • Interest Coverage 2.23 -71.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 25.6% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy 5Y average net margin of 16.7%

✗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

10Y3.94%
5Y5.32%
3Y-4.22%
TTM5.32%

Profit (Net Income) CAGR

10Y-3.25%
5Y-
3Y-45.37%
TTM336.2%

EPS CAGR

10Y-2.71%
5Y-
3Y-44.97%
TTM353.66%

ROCE

10Y Avg5.69%
5Y Avg8.26%
3Y Avg6.84%
Latest1.92%

Peer Comparison

Laboratory Equipment & Consumables
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
QGENQiagen N.V.9.97B48.38127.320.66%19.58%11.11%5.08%0.40
RVTYRevvity, Inc.13.08B115.3347.850.16%8.47%3.23%4.14%0.43
DHRDanaher Corporation169.45B239.8945.35-0.06%14.43%6.86%3.13%0.35
TMOThermo Fisher Scientific Inc.234.69B624.6537.790.05%15.02%12.84%3.1%0.66
WATWaters Corporation23.5B394.5936.840.07%20.89%27.84%2.64%0.93
MTDMettler-Toledo International Inc.30.57B1496.6136.802.22%21.2%2.83%
AAgilent Technologies, Inc.41.06B144.8331.696.73%18.75%19.33%2.81%0.50
TWSTTwist Bioscience Corporation2.53B41.27-31.7520.32%-23.51%-17.81%0.16

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.28B1.34B1.42B1.5B1.53B1.87B2.25B2.14B1.97B1.98B
Revenue Growth %-0.05%0.04%0.06%0.06%0.02%0.23%0.2%-0.05%-0.08%0.01%
Cost of Goods Sold+454.33M493.34M494.98M500.89M521.16M637.63M800.84M756.96M731.62M1.01B
COGS % of Revenue0.35%0.37%0.35%0.33%0.34%0.34%0.36%0.35%0.37%0.51%
Gross Profit+826.66M844.65M922.56M1B1.01B1.23B1.45B1.38B1.23B967.35M
Gross Margin %0.65%0.63%0.65%0.67%0.66%0.66%0.64%0.65%0.63%0.49%
Gross Profit Growth %-0.04%0.02%0.09%0.08%0%0.23%0.18%-0.05%-0.11%-0.22%
Operating Expenses+647.16M745.83M769.14M734.38M1.03B846.28M820.74M853.1M823.75M869.64M
OpEx % of Revenue0.51%0.56%0.54%0.49%0.68%0.45%0.36%0.4%0.42%0.44%
Selling, General & Admin464.84M530.6M575.66M533.5M504.17M525.36M584.47M603.95M579.17M564.36M
SG&A % of Revenue0.36%0.4%0.41%0.36%0.33%0.28%0.26%0.28%0.29%0.29%
Research & Development147.18M176.13M154.08M161.85M157.45M149.07M189.96M189.86M198.51M193.49M
R&D % of Revenue0.11%0.13%0.11%0.11%0.1%0.08%0.08%0.09%0.1%0.1%
Other Operating Expenses38.67M39.09M137.42M75.68M369.78M171.85M46.3M59.3M46.07M111.78M
Operating Income+179.5M98.83M153.42M266.58M-26.14M386.43M630.08M531.46M409.94M97.71M
Operating Margin %0.14%0.07%0.11%0.18%-0.02%0.21%0.28%0.25%0.21%0.05%
Operating Income Growth %0.11%-0.45%0.55%0.74%-1.1%15.79%0.63%-0.16%-0.23%-0.76%
EBITDA+370.97M311.88M369.87M473.02M205.32M591.45M845.01M739.86M615.27M300.98M
EBITDA Margin %0.29%0.23%0.26%0.31%0.13%0.32%0.38%0.35%0.31%0.15%
EBITDA Growth %0.87%-0.16%0.19%0.28%-0.57%1.88%0.43%-0.12%-0.17%-0.51%
D&A (Non-Cash Add-back)191.47M213.06M216.45M206.44M231.46M205.01M214.93M208.4M205.34M203.27M
EBIT173.7M95.93M164.06M293.03M-3.59M510.79M680.31M570.96M483.22M164.99M
Net Interest Income+-32.64M-32.25M-39.04M-46.44M-52.07M-61.28M-44.92M-25.6M25.58M24.18M
Interest Income4.75M6.78M10.64M20.85M22.11M10.03M9.55M32.76M78.99M68.02M
Interest Expense37.4M39.02M49.69M67.29M74.19M71.32M54.48M58.36M53.41M43.84M
Other Income/Expense-43.2M-41.92M-39.04M-40.84M-51.64M53.04M-4.25M-18.86M19.87M23.44M
Pretax Income+136.3M56.91M114.38M225.74M-77.78M439.47M625.83M512.6M429.81M121.15M
Pretax Margin %0.11%0.04%0.08%0.15%-0.05%0.23%0.28%0.24%0.22%0.06%
Income Tax+6.4M-23.39M73.98M35.36M-36.32M80.28M113.23M89.39M88.51M37.56M
Effective Tax Rate %0.95%1.41%0.35%0.84%0.53%0.82%0.82%0.83%0.79%0.69%
Net Income+130.15M80.4M40.39M190.38M-41.45M359.19M512.6M423.21M341.3M83.59M
Net Margin %0.1%0.06%0.03%0.13%-0.03%0.19%0.23%0.2%0.17%0.04%
Net Income Growth %0.12%-0.38%-0.5%3.71%-1.22%9.66%0.43%-0.17%-0.19%-0.76%
Net Income (Continuing)126.86M80.3M40.39M190.38M-41.45M359.19M512.6M423.21M341.3M83.59M
Discontinued Operations0000000000
Minority Interest2.03M000000000
EPS (Diluted)+0.560.350.170.82-0.190.322.281.901.570.38
EPS Growth %0.12%-0.38%-0.51%3.82%-1.23%2.68%6.13%-0.17%-0.17%-0.76%
EPS (Basic)0.570.360.180.84-0.190.332.321.921.540.39
Diluted Shares Outstanding228.37M230.14M233.01M233.46M219.97M227.19M225.07M223.23M217.49M218.47M
Basic Shares Outstanding224.38M225.87M228.07M225.51M219.97M221.57M221.14M220.75M217.49M216.44M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+961.61M1.04B1.65B2.16B1.57B1.62B2.11B2.39B2.15B1.96B
Cash & Short-Term Investments423.33M532.18M1.04B1.42B753.23M715.23M1.07B1.42B1.06B1.15B
Cash Only292.51M439.18M679.62M1.18B623.65M597.98M880.52M730.67M668.08M663.55M
Short-Term Investments130.82M93M359.2M234.61M129.59M117.25M184.78M687.6M389.7M489.44M
Accounts Receivable325.89M327.92M386.1M397.68M484.61M486.61M469.66M434.07M515.64M458.98M
Days Sales Outstanding92.8689.4699.4296.65115.8894.9676.1373.9895.7784.69
Inventory136.59M136.55M155.93M162.91M170.7M291.18M327.52M357.96M398.38M279.26M
Days Inventory Outstanding109.73101.03114.98118.71119.55166.68149.28172.61198.75100.83
Other Current Assets36.83M5.39M7.48M102.75M116.29M70.23M186.48M132.7M130.9M26.85M
Total Non-Current Assets+3.23B3.27B3.39B3.59B3.67B4.25B4.04B3.89B3.97B3.73B
Property, Plant & Equipment442.94M436.65M494.32M511.66M455.24M559.37M638.18M662.17M765.04M753.61M
Fixed Asset Turnover2.89x3.06x2.87x2.94x3.35x3.34x3.53x3.23x2.57x2.62x
Goodwill1.88B1.93B2.01B2.11B2.14B2.36B2.35B2.35B2.48B2.43B
Intangible Assets636.42M557.16M499.32M475.04M632.43M726.19M627.44M544.8M526.82M303.81M
Long-Term Investments187.15M55.63M276.46M369.69M000000
Other Non-Current Assets83.82M227.28M68.18M85.45M380.65M540.74M348.07M334.25M200.04M246.93M
Total Assets+4.19B4.31B5.04B5.75B5.24B5.87B6.15B6.29B6.12B5.69B
Asset Turnover0.31x0.31x0.28x0.26x0.29x0.32x0.37x0.34x0.32x0.35x
Asset Growth %-0.06%0.03%0.17%0.14%-0.09%0.12%0.05%0.02%-0.03%-0.07%
Total Current Liabilities+268.35M308.43M324.79M972.19M951.35M572.17M1.52B974.52M1.08B543.63M
Accounts Payable52.31M51.22M59.2M69.42M84.77M118.15M101.22M98.73M84.16M83.27M
Days Payables Outstanding42.0237.8943.6650.5859.3767.6346.1447.6141.9830.07
Short-Term Debt922K4.92M10.39M503.18M285.24M42.54M847.63M389.55M587.97M53.48M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities89.3M125.98M120.84M257.32M158.82M119.31M257.65M192.19M118.03M113.21M
Current Ratio3.58x3.36x5.07x2.22x1.65x2.84x1.39x2.46x1.99x3.61x
Quick Ratio3.07x2.92x4.59x2.05x1.47x2.33x1.17x2.09x1.62x3.09x
Cash Conversion Cycle160.57152.59170.74164.78176.07194.01179.28198.98252.53155.45
Total Non-Current Liabilities+1.36B1.39B2.17B2.14B1.75B2.5B1.53B1.85B1.23B1.58B
Long-Term Debt1.06B1.07B1.76B1.67B1.42B1.88B1.09B1.47B921.82M1.34B
Capital Lease Obligations0000000000
Deferred Tax Liabilities75.73M40.62M76.73M63.41M23.44M39.22M37.59M000
Other Non-Current Liabilities224.06M279.06M337.74M406.67M303.13M580.18M401.2M374.7M306.31M240.59M
Total Liabilities1.63B1.7B2.5B3.11B2.7B3.07B3.05B2.82B2.31B2.12B
Total Debt+1.06B1.08B1.77B2.17B1.73B1.95B1.96B1.88B1.53B1.42B
Net Debt768M638.73M1.09B989.82M1.1B1.35B1.08B1.15B863.98M752.33M
Debt / Equity0.41x0.41x0.70x0.83x0.68x0.70x0.63x0.54x0.40x0.40x
Debt / EBITDA2.86x3.46x4.78x4.60x8.40x3.29x2.32x2.55x2.49x4.70x
Net Debt / EBITDA2.07x2.05x2.94x2.09x5.36x2.28x1.28x1.56x1.40x2.50x
Interest Coverage4.80x2.53x3.09x3.96x-0.35x5.42x11.57x9.11x7.68x2.23x
Total Equity+2.56B2.61B2.54B2.63B2.54B2.8B3.1B3.47B3.81B3.57B
Equity Growth %-0.01%0.02%-0.03%0.04%-0.04%0.1%0.11%0.12%0.1%-0.06%
Book Value per Share11.2211.3310.9111.2911.5312.3213.7615.5317.5116.33
Total Shareholders' Equity2.56B2.61B2.54B2.63B2.54B2.8B3.1B3.47B3.81B3.57B
Common Stock2.81M2.81M2.7M2.7M2.7M2.7M2.7M2.7M2.7M2.6M
Retained Earnings1.23B1.26B1.25B1.38B1.18B1.32B1.79B2.16B2.46B2.45B
Treasury Stock-152.41M-120.01M-118.99M-178.9M-111.97M-118.3M-189.73M-160.19M-133.02M-74.92M
Accumulated OCI-259.16M-333.84M-220.76M-310.64M-309.62M-243.82M-326.67M-404.09M-433.83M-474.54M
Minority Interest2.03M000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+317.5M341.6M286.78M359.5M330.84M492.27M639M715.26M459.45M673.55M
Operating CF Margin %0.25%0.26%0.2%0.24%0.22%0.26%0.28%0.33%0.23%0.34%
Operating CF Growth %0.1%0.08%-0.16%0.25%-0.08%0.49%0.3%0.12%-0.36%0.47%
Net Income126.86M80.3M40.39M190.38M-41.45M73.64M512.6M423.21M341.3M83.59M
Depreciation & Amortization191.47M213.06M216.45M206.44M231.46M209.97M214.93M208.4M205.34M203.27M
Stock-Based Compensation27.57M28.29M34.44M40.11M65.89M40.94M38.39M49.51M47.1M43.63M
Deferred Taxes-37.19M-65.97M39.55M-23.27M-55.36M-14.26M-5.29M-9.6M10.73M-23.04M
Other Non-Cash Items89.91M75.64M23.18M41M174.63M165.18M8.38M75.63M41.94M230.65M
Working Capital Changes-81.11M10.29M-67.23M-95.16M-44.32M16.8M-130.01M-31.88M-186.96M135.45M
Change in Receivables-24.76M-12.24M-34.16M-41.81M-39.58M-14.71M-7.4M15.45M-55.12M12.22M
Change in Inventory-33.19M-20.35M-21.63M-36.92M-30.03M-107.57M-81.8M-61.95M-44.79M87.75M
Change in Payables7.73M-1.47M4.32M6.99M9.25M8.44M-5.97M-1.76M-22.42M1.45M
Cash from Investing+-146.2M-179.06M-464.26M-211.36M-222.28M-453.29M-202.43M-726.76M-87.66M-249.23M
Capital Expenditures-117.48M-93.92M-124.41M-150.76M-274.88M-304.24M-206.53M-149.34M-162.8M-167.17M
CapEx % of Revenue0.09%0.07%0.09%0.1%0.18%0.16%0.09%0.07%0.08%0.08%
Acquisitions----------
Investments----------
Other Investing-5.88M-8.74M-22.98M-2.13M22.7M-66.57M61.47M-9.77M-66.55M21.35M
Cash from Financing+-258.61M-10.6M387.19M360.41M-639.08M-74.32M-150.37M-125.8M-433.83M-422.9M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing4.84M-8.81M-30.76M-28.48M-61.28M39.07M-16.95M-17.37M2.77M-23.47M
Net Change in Cash----------
Free Cash Flow+200.02M247.68M162.37M208.73M55.96M188.03M432.47M565.93M296.65M506.38M
FCF Margin %0.16%0.19%0.11%0.14%0.04%0.1%0.19%0.26%0.15%0.26%
FCF Growth %0.05%0.24%-0.34%0.29%-0.73%2.36%1.3%0.31%-0.48%0.71%
FCF per Share0.881.080.700.890.250.831.922.541.362.32
FCF Conversion (FCF/Net Income)2.44x4.25x7.10x1.89x-7.98x1.37x1.25x1.69x1.35x8.06x
Interest Paid20.8M18.23M20.25M25.9M29.72M25.35M21.59M23.21M20.35M24.18M
Taxes Paid34.44M22.67M40.5M29.32M41.47M42.57M102.08M120.48M82.41M15.68M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)5.05%3.11%1.57%7.36%-1.6%13.47%17.39%12.9%9.38%2.27%
Return on Invested Capital (ROIC)3.96%2.25%3.35%5.51%-0.54%7.45%11.35%9.06%6.62%1.63%
Gross Margin64.53%63.13%65.08%66.65%65.86%65.91%64.43%64.65%62.77%48.9%
Net Margin10.16%6.01%2.85%12.68%-2.72%19.2%22.77%19.76%17.37%4.23%
Debt / Equity0.41x0.41x0.70x0.83x0.68x0.70x0.63x0.54x0.40x0.40x
Interest Coverage4.80x2.53x3.09x3.96x-0.35x5.42x11.57x9.11x7.68x2.23x
FCF Conversion2.44x4.25x7.10x1.89x-7.98x1.37x1.25x1.69x1.35x8.06x
Revenue Growth-4.74%4.45%5.95%5.95%1.64%22.53%20.39%-4.89%-8.23%0.66%

Revenue by Segment

2015201620172018201920202021202220232024
Diagnostic Solutions-----460.76M638.76M660.88M697.63M748.89M
Diagnostic Solutions Growth------38.63%3.46%5.56%7.35%
Sample Technologies-----803.87M850.64M796.93M662.99M642.03M
Sample Technologies Growth------5.82%-6.31%-16.81%-3.16%
PCR / Nucleic Acid Amplification-----363.55M433.97M390.8M300.2M300.47M
PCR / Nucleic Acid Amplification Growth------19.37%-9.95%-23.18%0.09%
Genomics / NGS-----165.57M245.07M224.8M238.91M233.61M
Genomics / NGS Growth------48.01%-8.27%6.28%-2.22%
Product and Service, Other-----76.6M83.22M68.11M65.58M53.22M
Product and Service, Other Growth------8.65%-18.17%-3.71%-18.84%
Consumables and Related---2.63B2.04B-----
Consumables and Related Growth-----22.37%-----
Instruments---372.78M445.56M-----
Instruments Growth----19.53%-----
Consumables and Related Revenues1.11B1.17B1.24B-------
Consumables and Related Revenues Growth-4.63%6.57%-------
Instrumentation166.41M171.86M174.82M-------
Instrumentation Growth-3.28%1.72%-------

Revenue by Geography

2015201620172018201920202021202220232024
Total Americas605.11M627.47M653.38M693.02M721.99M825.46M1.01B997.75M1.02B1.03B
Total Americas Growth-3.70%4.13%6.07%4.18%14.33%22.04%-0.96%2.24%1.13%
EMEA409.95M428.06M462.98M490.3M487.48M682.29M814.42M733.47M624.57M648.49M
EMEA Growth-4.42%8.16%5.90%-0.58%39.96%19.37%-9.94%-14.85%3.83%
Asia Pacific and World265.92M282.46M301.17M318.53M316.96M362.6M429.86M410.29M320.68M298.15M
Asia Pacific and World Growth-6.22%6.62%5.76%-0.49%14.40%18.55%-4.55%-21.84%-7.03%

Frequently Asked Questions

Valuation & Price

Qiagen N.V. (QGEN) has a price-to-earnings (P/E) ratio of 127.3x. This suggests investors expect higher future growth.

Growth & Financials

Qiagen N.V. (QGEN) reported $2.07B in revenue for fiscal year 2024. This represents a 77% increase from $1.17B in 2011.

Qiagen N.V. (QGEN) grew revenue by 0.7% over the past year. Growth has been modest.

Yes, Qiagen N.V. (QGEN) is profitable, generating $405.4M in net income for fiscal year 2024 (4.2% net margin).

Dividend & Returns

Qiagen N.V. (QGEN) has a return on equity (ROE) of 2.3%. This is below average, suggesting room for improvement.

Qiagen N.V. (QGEN) generated $477.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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