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Charles River Laboratories International, Inc. (CRL) 10-Year Financial Performance & Capital Metrics

CRL • • Industrial / General
HealthcareDiagnostics & ResearchContract Research & Clinical Trial ServicesResearch Support Services
AboutCharles River Laboratories International, Inc., a non-clinical contract research organization, provides drug discovery, non-clinical development, and safety testing services in the United States, Europe, Canada, the Asia Pacific, and internationally. It operates through three segments: Research Models and Services (RMS), Discovery and Safety Assessment (DSA), and Manufacturing Solutions (Manufacturing). The RMS segment produces and sells rodent research model strains and purpose-bred rats and mice for use by researchers. This segment also provides a range of services to assist its clients in supporting the use of research models in research and screening non-clinical drug candidates, including research models, genetically engineered models and services, insourcing solutions, and research animal diagnostic services. The DSA segment offers early and in vivo discovery services for the identification and validation of novel targets, chemical compounds, and antibodies through delivery of non-clinical drug and therapeutic candidates ready for safety assessment; and safety assessment services, such as toxicology, pathology, safety pharmacology, bioanalysis, drug metabolism, and pharmacokinetics services. The Manufacturing segment provides in vitro methods for conventional and rapid quality control testing of sterile and non-sterile pharmaceuticals and consumer products. This segment also offers specialized testing of biologics that are outsourced by pharmaceutical and biotechnology companies; and avian vaccine services that provide specific-pathogen-free (SPF) fertile chicken eggs, SPF chickens, and diagnostic products used to manufacture vaccines. The company also provides contract vivarium operation services to biopharmaceutical clients. Charles River Laboratories International, Inc. was founded in 1947 and is headquartered in Wilmington, Massachusetts.Show more
  • Revenue $4.05B -1.9%
  • EBITDA $589M -36.8%
  • Net Income $10M -97.8%
  • EPS (Diluted) 0.20 -97.8%
  • Gross Margin 32.88% -9.6%
  • EBITDA Margin 14.55% -35.5%
  • Operating Margin 5.61% -62.4%
  • Net Margin 0.25% -97.8%
  • ROE 0.29% -98.0%
  • ROIC 2.73% -63.6%
  • Debt/Equity 0.78 -7.3%
  • Interest Coverage 1.80 -60.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 86 (top 14%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Profits declining 47.2% over 5 years

* 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

10Y12.05%
5Y9.09%
3Y4.59%
TTM-0.92%

Profit (Net Income) CAGR

10Y-22.2%
5Y-47.25%
3Y-70.25%
TTM-120.21%

EPS CAGR

10Y-22.8%
5Y-47.62%
3Y-70.26%
TTM-119.52%

ROCE

10Y Avg10.13%
5Y Avg8.78%
3Y Avg7.59%
Latest3.33%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CRLCharles River Laboratories International, Inc.11B223.471117.35-1.92%-2.07%-2.42%4.56%0.78
SHCSotera Health Company5.5B19.35120.944.88%4.82%10.07%0.82%5.81
ISPCiSpecimen Inc.4.22M0.42-0.02-6.42%-343.99%-375.34%0.09
NOTVInotiv, Inc.19.59M0.57-0.274.54%-13.38%-50.45%3.01
ACRSAclaris Therapeutics, Inc.289.28M2.67-1.56-40.09%-9%-117.97%

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.36B1.68B1.86B2.27B2.62B2.92B3.54B3.98B4.13B4.05B
Revenue Growth %0.05%0.23%0.1%0.22%0.16%0.12%0.21%0.12%0.04%-0.02%
Cost of Goods Sold+832.21M1.04B1.16B1.43B1.66B1.85B2.21B2.51B2.63B2.72B
COGS % of Revenue0.61%0.62%0.62%0.63%0.63%0.63%0.62%0.63%0.64%0.67%
Gross Profit+531.09M643.96M700.92M840.07M958.31M1.07B1.33B1.46B1.5B1.33B
Gross Margin %0.39%0.38%0.38%0.37%0.37%0.37%0.38%0.37%0.36%0.33%
Gross Profit Growth %0.12%0.21%0.09%0.2%0.14%0.12%0.24%0.1%0.03%-0.11%
Operating Expenses+324.64M406.41M412.64M508.68M607.16M640.81M744.78M811.68M885.29M1.1B
OpEx % of Revenue0.24%0.24%0.22%0.22%0.23%0.22%0.21%0.2%0.21%0.27%
Selling, General & Admin300.41M364.71M371.27M443.85M517.62M528.93M619.92M665.1M747.86M751M
SG&A % of Revenue0.22%0.22%0.2%0.2%0.2%0.18%0.18%0.17%0.18%0.19%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses24.23M41.7M41.37M64.83M89.54M111.88M124.86M146.58M137.44M353.47M
Operating Income+206.45M237.55M288.28M331.38M351.15M432.73M589.86M650.98M617.26M227.35M
Operating Margin %0.15%0.14%0.16%0.15%0.13%0.15%0.17%0.16%0.15%0.06%
Operating Income Growth %0.16%0.15%0.21%0.15%0.06%0.23%0.36%0.1%-0.05%-0.63%
EBITDA+301.33M364.21M419.44M493.16M549.25M667.65M855.4M954.85M931.38M589.09M
EBITDA Margin %0.22%0.22%0.23%0.22%0.21%0.23%0.24%0.24%0.23%0.15%
EBITDA Growth %0.1%0.21%0.15%0.18%0.11%0.22%0.28%0.12%-0.02%-0.37%
D&A (Non-Cash Add-back)94.88M126.66M131.16M161.78M198.09M234.92M265.54M303.87M314.12M361.74M
EBIT210.5M250.63M326.73M345.45M364.97M533.55M554.62M682.28M717.99M219.4M
Net Interest Income+-14.03M-26.39M-29.09M-62.96M-59.36M-85.6M-73.26M-58.51M-131.51M-117.71M
Interest Income1.04M1.31M690K812K1.52M834K652K780K5.2M8.57M
Interest Expense15.07M27.71M29.78M63.77M60.88M86.43M73.91M59.29M136.71M126.29M
Other Income/Expense-11.02M-14.63M8.67M-49.7M-47.07M14.38M-109.15M-27.99M-35.98M-134.23M
Pretax Income+195.43M222.92M296.95M281.68M304.08M447.11M480.71M622.99M581.28M93.11M
Pretax Margin %0.14%0.13%0.16%0.12%0.12%0.15%0.14%0.16%0.14%0.02%
Income Tax+43.39M66.83M171.37M54.46M50.02M81.81M81.87M130.38M100.91M67.82M
Effective Tax Rate %0.76%0.69%0.42%0.8%0.83%0.81%0.81%0.78%0.82%0.11%
Net Income+149.31M154.76M123.36M226.37M252.02M364.3M390.98M486.23M474.62M10.3M
Net Margin %0.11%0.09%0.07%0.1%0.1%0.12%0.11%0.12%0.11%0%
Net Income Growth %0.18%0.04%-0.2%0.84%0.11%0.45%0.07%0.24%-0.02%-0.98%
Net Income (Continuing)152.04M156.09M125.59M227.22M254.06M365.31M398.84M492.61M480.37M25.29M
Discontinued Operations0280K01.51M000000
Minority Interest32.5M17.02M18.94M20.97M31.89M29.07M57.17M47.21M62.12M46.58M
EPS (Diluted)+3.133.232.544.625.077.207.609.489.220.20
EPS Growth %0.18%0.03%-0.21%0.82%0.1%0.42%0.06%0.25%-0.03%-0.98%
EPS (Basic)3.213.292.604.725.177.357.779.579.270.20
Diluted Shares Outstanding47.63M47.96M48.56M49.02M49.69M50.61M51.42M51.3M51.45M51.63M
Basic Shares Outstanding46.5M47.01M47.48M47.95M48.73M49.55M50.29M50.81M51.23M51.38M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+559.23M656.83M826.63M897.84M1.02B1.2B1.27B1.44B1.61B1.4B
Cash & Short-Term Investments117.95M117.63M163.79M195.44M238.96M229.45M246.3M233.91M276.77M194.61M
Cash Only117.95M117.63M163.79M195.44M238.01M228.42M245.24M233.91M276.77M194.61M
Short-Term Investments0000941K1.02M0000
Accounts Receivable270.07M364.05M430.02M472.25M514.03M617.74M650.38M752.39M780.38M720.91M
Days Sales Outstanding72.3179.0384.4976.0671.5877.1167.0669.0768.9864.97
Inventory93.73M95.83M114.96M127.89M160.66M185.69M199.15M255.81M380.26M278.54M
Days Inventory Outstanding41.1133.7236.2832.7335.2636.6332.9637.1552.8437.4
Other Current Assets149K00300K731K3.07M0107.58M83.38M105.8M
Total Non-Current Assets+1.51B2.05B2.1B2.96B3.67B4.29B5.75B6.16B6.59B6.13B
Property, Plant & Equipment677.96M755.83M781.97M932.88M1.18B1.3B1.58B1.86B2.03B2.02B
Fixed Asset Turnover2.01x2.22x2.38x2.43x2.21x2.24x2.23x2.14x2.03x2.01x
Goodwill438.83M787.52M804.91M1.25B1.54B1.81B2.71B2.85B3.1B2.85B
Intangible Assets280.8M394.45M369.76M610.89M689.41M787.6M1.06B955.27M864.05M723.4M
Long-Term Investments32.73M45.33M71.1M88.59M122.98M221.8M201.35M311.6M243.81M218.35M
Other Non-Current Assets38.91M43.1M52.9M55.17M89.64M130.82M151.54M148.28M309.38M278.23M
Total Assets+2.07B2.71B2.93B3.86B4.69B5.49B7.02B7.6B8.2B7.53B
Asset Turnover0.66x0.62x0.63x0.59x0.56x0.53x0.50x0.52x0.50x0.54x
Asset Growth %0.1%0.31%0.08%0.32%0.22%0.17%0.28%0.08%0.08%-0.08%
Total Current Liabilities+311.76M429.59M463.5M558.22M710.18M839.75M1.03B1.09B1.06B994.1M
Accounts Payable36.67M68.48M77.84M66.25M111.5M122.47M198.13M205.91M168.94M140.34M
Days Payables Outstanding16.0924.0924.5616.9624.4724.1632.7929.923.4718.84
Short-Term Debt17.03M27.31M31M31.42M35.55M47.2M101K000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities91.71M86.97M92.81M181.18M169.71M217.5M307.01M401.65M431.04M373.43M
Current Ratio1.79x1.53x1.78x1.61x1.44x1.43x1.23x1.32x1.52x1.41x
Quick Ratio1.49x1.31x1.54x1.38x1.21x1.21x1.04x1.08x1.16x1.13x
Cash Conversion Cycle97.3388.6596.2191.8482.3789.5867.2276.3198.3483.53
Total Non-Current Liabilities+991.17M1.43B1.4B1.96B2.32B2.51B3.4B3.49B3.48B3.03B
Long-Term Debt846M1.21B1.11B1.64B1.82B1.9B2.92B2.71B2.65B2.24B
Capital Lease Obligations31.76M27.2M27.88M26.05M143.78M184.64M252.97M389.75M419.23M483.79M
Deferred Tax Liabilities48.22M55.72M89.54M143.63M167.28M217.03M239.72M215.58M191.35M106.96M
Other Non-Current Liabilities65.19M137.81M166.93M118.65M161.95M185.74M-30.69M174.82M223.19M195.21M
Total Liabilities1.3B1.86B1.87B2.52B3.03B3.35B4.43B4.58B4.54B4.02B
Total Debt+863.03M1.24B1.15B1.7B2.02B2.16B3.21B3.1B3.07B2.72B
Net Debt745.08M1.12B981.31M1.5B1.79B1.93B2.96B2.86B2.79B2.53B
Debt / Equity1.13x1.45x1.08x1.27x1.22x1.01x1.24x1.02x0.84x0.78x
Debt / EBITDA2.86x3.39x2.73x3.44x3.69x3.24x3.75x3.24x3.29x4.62x
Net Debt / EBITDA2.47x3.07x2.34x3.05x3.25x2.89x3.47x3.00x3.00x4.29x
Interest Coverage13.70x8.57x9.68x5.20x5.77x5.01x7.98x10.98x4.52x1.80x
Total Equity+765.56M853.78M1.06B1.34B1.67B2.14B2.59B3.02B3.66B3.51B
Equity Growth %0.09%0.12%0.25%0.26%0.25%0.29%0.21%0.17%0.21%-0.04%
Book Value per Share16.0717.8021.9127.3033.5442.3650.4058.9471.1267.95
Total Shareholders' Equity733.07M836.77M1.05B1.32B1.63B2.11B2.53B2.98B3.6B3.46B
Common Stock855K863K875K482K489K498K505K509K513K511K
Retained Earnings10.54M165.3M288.66M42.1M280.33M625.41M980.75M1.43B1.89B1.81B
Treasury Stock-1.54B-1.55B-1.66B-55K000000
Accumulated OCI-135.55M-253.76M-144.73M-172.7M-178.02M-138.87M-164.74M-262.06M-196.43M-317.35M
Minority Interest32.5M17.02M18.94M20.97M31.89M29.07M57.17M47.21M62.12M46.58M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+286.36M298.32M316.26M441.14M480.94M546.58M760.8M619.64M683.9M734.58M
Operating CF Margin %0.21%0.18%0.17%0.19%0.18%0.19%0.21%0.16%0.17%0.18%
Operating CF Growth %0.14%0.04%0.06%0.39%0.09%0.14%0.39%-0.19%0.1%0.07%
Net Income152.04M156.09M125.59M227.22M254.06M365.31M398.84M492.61M480.37M25.29M
Depreciation & Amortization94.88M126.66M131.16M161.78M198.09M234.92M265.54M303.87M314.12M361.74M
Stock-Based Compensation40.12M43.64M44M47.35M57.27M56.34M71.47M73.62M72.05M69.89M
Deferred Taxes2.69M1.95M28.25M-9.7M-21.89M-133K-24.01M-35.88M-50.9M-67.43M
Other Non-Cash Items-12.99M6K-18.68M-315K-12.78M-83.59M6.01M-62.02M-29.36M375.41M
Working Capital Changes9.62M-30.02M5.94M14.81M6.18M-26.27M42.94M-152.55M-102.38M-30.33M
Change in Receivables-16.96M-52.78M-48.28M-21.2M-8.32M-85.63M-26.63M-150.57M-33.43M21.61M
Change in Inventory3.36M-4.02M-17.84M-13.34M-21.4M-18.38M-25.16M-78.52M-62.3M16.8M
Change in Payables1.17M22.08M34K-12.73M29.77M748K44.9M-2.65M-20.43M-14.27M
Cash from Investing+-320.29M-686.37M-72.59M-955M-681.5M-601.54M-1.44B-607.92M-563.15M-245.09M
Capital Expenditures-63.25M-55.29M-82.43M-140.05M-140.51M-166.56M-228.77M-324.73M-318.53M-232.97M
CapEx % of Revenue0.05%0.03%0.04%0.06%0.05%0.06%0.06%0.08%0.08%0.06%
Acquisitions----------
Investments----------
Other Investing-2.22M3.69M-516K-805K-3.89M-1.06M264K-9.35M-2.29M4.55M
Cash from Financing+4.55M390.73M-208.48M558.06M231.94M47.25M672.6M-42.4M-85.52M-550.93M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing7.48M-8.23M34.01M17.88M16.15M40.64M43.32M-23.54M13.96M-19.56M
Net Change in Cash----------
Free Cash Flow+223.11M243.03M233.83M301.09M340.42M380.01M532.03M294.91M365.37M501.61M
FCF Margin %0.16%0.14%0.13%0.13%0.13%0.13%0.15%0.07%0.09%0.12%
FCF Growth %0.15%0.09%-0.04%0.29%0.13%0.12%0.4%-0.45%0.24%0.37%
FCF per Share4.685.074.816.146.857.5110.355.757.109.72
FCF Conversion (FCF/Net Income)1.92x1.93x2.56x1.95x1.91x1.50x1.95x1.27x1.44x71.34x
Interest Paid11.1M22.76M27.42M47.54M67.81M72.46M70.78M100.75M132.1M123.45M
Taxes Paid24.44M42.87M60.38M67.6M54.06M60.06M75.44M75.91M90.37M126.06M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)20.32%19.11%12.86%18.85%16.77%19.12%16.51%17.32%14.21%0.29%
Return on Invested Capital (ROIC)10.93%10.23%10.77%10.17%8.37%8.62%9.19%8.54%7.51%2.73%
Gross Margin38.96%38.3%37.73%37.07%36.56%36.72%37.7%36.79%36.39%32.88%
Net Margin10.95%9.2%6.64%9.99%9.61%12.46%11.04%12.23%11.49%0.25%
Debt / Equity1.13x1.45x1.08x1.27x1.22x1.01x1.24x1.02x0.84x0.78x
Interest Coverage13.70x8.57x9.68x5.20x5.77x5.01x7.98x10.98x4.52x1.80x
FCF Conversion1.92x1.93x2.56x1.95x1.91x1.50x1.95x1.27x1.44x71.34x
Revenue Growth5.06%23.34%10.48%21.99%15.67%11.55%21.08%12.31%3.86%-1.92%

Revenue by Segment

2015201620172018201920202021202220232024
Discovery and Safety Assessment612.17M836.59M980.02M1.32B1.62B1.84B2.11B2.45B2.62B2.45B
Discovery and Safety Assessment Growth-36.66%17.14%34.37%22.94%13.49%14.68%16.14%6.88%-6.28%
Research Models and Services473.23M494.04M493.62M519.68M537.09M571.15M690.44M739.17M792.34M829.38M
Research Models and Services Growth-4.40%-0.09%5.28%3.35%6.34%20.88%7.06%7.19%4.67%
Manufacturing Support277.9M350.8M383.96M429.56M465.14M515.35M742.49M789.57M721.44M769.33M
Manufacturing Support Growth-26.23%9.45%11.88%8.28%10.79%44.07%6.34%-8.63%6.64%

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES659.47M850.42M959.26M1.27B1.47B1.63B1.93B2.34B2.35B2.24B
UNITED STATES Growth-28.96%12.80%32.15%16.05%10.61%18.88%21.08%0.23%-4.58%
Europe435.49M520.94M569.81M643.96M726.42M829.31M1.04B1.03B1.08B1.08B
Europe Growth-19.62%9.38%13.01%12.81%14.16%24.98%-0.42%4.34%0.11%
CANADA172.35M194.21M200.34M206.38M271.99M306.26M339.1M398.98M487.31M482.09M
CANADA Growth-12.68%3.16%3.01%31.79%12.60%10.72%17.66%22.14%-1.07%
Asia Pacific------222.9M192.84M200.83M196.95M
Asia Pacific Growth--------13.49%4.15%-1.93%
JAPAN40.52M46.83M126.46M142.5M146.22M155.09M----
JAPAN Growth-15.57%170.05%12.68%2.61%6.06%----
Other Non U.S.-69.03M--------
Other Non U.S. Growth----------
Asia55.48M---------
Asia Growth----------

Frequently Asked Questions

Growth & Financials

Charles River Laboratories International, Inc. (CRL) reported $4.02B in revenue for fiscal year 2024. This represents a 252% increase from $1.14B in 2011.

Charles River Laboratories International, Inc. (CRL) saw revenue decline by 1.9% over the past year.

Charles River Laboratories International, Inc. (CRL) reported a net loss of $83.5M for fiscal year 2024.

Dividend & Returns

Charles River Laboratories International, Inc. (CRL) has a return on equity (ROE) of 0.3%. This is below average, suggesting room for improvement.

Charles River Laboratories International, Inc. (CRL) generated $543.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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