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Standard BioTools Inc. (LAB) 10-Year Financial Performance & Capital Metrics

LAB • • Industrial / General
HealthcareMedical DevicesDiagnostic & Imaging EquipmentMedical Imaging Systems
AboutStandard BioTools Inc., together with its subsidiaries, develops, manufactures, and sells a range of instrumentation, consumables, and services to scientists and biomedical researchers to develop therapeutics in the Americas, Europe, the Middle East, Africa, and the Asia pacific. The company operates in two segments, Proteomics and Genomics. Its proteomics and genomics include instruments, consumables, software, and services based upon technologies used in the identification of proteins, as well as genes and their functions. The company provides SomaScan platform that enables researchers to measure proteins simultaneously and provides deep insights into biological processes and disease mechanisms; CyTOF technology platform that uses metal-tagged antibodies and time-of-flight mass spectrometry to eliminate signal interference and expand multiplexing capabilities; Hyperion, a spatial biology platform, which unlocks deeper insights into tissue organization by preserving spatial context while enabling high-dimensional molecular and proteomic analysis; and Biomark X9 system that redefines high-throughput genomics for quantitative polymerase chain reaction applications. The company sells its instruments and consumables for research use only to academic research institutions, translational research and medicine centers, cancer centers, and clinical research laboratories, as well as biopharmaceutical, biotechnology, and plant and animal research companies. It has license agreements with California Institute of Technology, Harvard University, and Caliper Life Sciences, Inc. The company was formerly known as Fluidigm Corporation and changed its name to Standard BioTools Inc. in April 2022. Standard BioTools Inc. was incorporated in 1999 and is headquartered in South San Francisco, California.Show more
  • Revenue $174M +64.0%
  • EBITDA -$158M -157.9%
  • Net Income -$139M -86.0%
  • EPS (Diluted) -0.52 +44.7%
  • Gross Margin 48.31% +1.8%
  • EBITDA Margin -90.79% -57.2%
  • Operating Margin -100.46% -39.5%
  • Net Margin -79.62% -13.4%
  • ROE -85.82%
  • ROIC -111.17%
  • Debt/Equity 0.07
  • Interest Coverage -52.85 -215.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 1.2x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Shares diluted 100.0% in last year
  • ✗Low asset turnover indicates capital-intensive operations

* 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

10Y4.12%
5Y8.27%
3Y10.13%
TTM-8.76%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-2.94%

EPS CAGR

10Y-
5Y-
3Y-
TTM52.03%

ROCE

10Y Avg-26.05%
5Y Avg-32.31%
3Y Avg-38.01%
Latest-46.1%

Peer Comparison

Medical Imaging Systems
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Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+114.71M104.45M101.94M112.96M117.24M138.14M130.58M97.95M106.34M174.43M
Revenue Growth %-0.01%-0.09%-0.02%0.11%0.04%0.18%-0.05%-0.25%0.09%0.64%
Cost of Goods Sold+46.63M46.01M49.95M51.31M52.96M54.82M61.21M60.9M55.89M90.17M
COGS % of Revenue0.41%0.44%0.49%0.45%0.45%0.4%0.47%0.62%0.53%0.52%
Gross Profit+68.08M58.44M51.98M61.65M64.28M83.33M69.37M37.05M50.45M84.26M
Gross Margin %0.59%0.56%0.51%0.55%0.55%0.6%0.53%0.38%0.47%0.48%
Gross Profit Growth %-0.08%-0.14%-0.11%0.19%0.04%0.3%-0.17%-0.47%0.36%0.67%
Operating Expenses+122.22M131.63M110.34M109.81M116.12M134.36M136.83M153.26M127.05M259.5M
OpEx % of Revenue1.07%1.26%1.08%0.97%0.99%0.97%1.05%1.56%1.19%1.49%
Selling, General & Admin82.96M93.21M79.52M79.78M84.48M97.9M98.89M102.28M87.54M156.61M
SG&A % of Revenue0.72%0.89%0.78%0.71%0.72%0.71%0.76%1.04%0.82%0.9%
Research & Development39.26M38.41M30.83M30.03M31.64M36.46M37.94M37.38M25.95M62.41M
R&D % of Revenue0.34%0.37%0.3%0.27%0.27%0.26%0.29%0.38%0.24%0.36%
Other Operating Expenses-1.16M-1.17M385K637K00013.59M13.56M40.48M
Operating Income+-50.16M-73.19M-58.36M-48.16M-51.84M-51.04M-67.46M-116.2M-76.6M-175.24M
Operating Margin %-0.44%-0.7%-0.57%-0.43%-0.44%-0.37%-0.52%-1.19%-0.72%-1%
Operating Income Growth %0.03%-0.46%0.2%0.17%-0.08%0.02%-0.32%-0.72%0.34%-1.29%
EBITDA+-34.04M-55.25M-40.06M-31.66M-36.03M-35.11M-51.89M-101.18M-61.42M-158.38M
EBITDA Margin %-0.3%-0.53%-0.39%-0.28%-0.31%-0.25%-0.4%-1.03%-0.58%-0.91%
EBITDA Growth %0.29%-0.62%0.27%0.21%-0.14%0.03%-0.48%-0.95%0.39%-1.58%
D&A (Non-Cash Add-back)16.11M17.94M18.3M16.5M15.8M15.92M15.57M15.03M15.18M16.86M
EBIT-48.98M-74.36M-57.98M-47.53M-62.43M-50.53M-59.84M-188.6M-69.64M-135M
Net Interest Income+-5.81M-5.82M-5.82M-13.89M-4.28M-3.57M-3.82M-2.1M1M16.88M
Interest Income00000002.23M5.57M20.2M
Interest Expense5.81M5.82M5.82M13.89M4.28M3.57M3.82M4.33M4.57M3.32M
Other Income/Expense-4.63M-6.99M-5.44M-13.26M-14.87M-3.06M3.8M-76.72M2.4M36.92M
Pretax Income+-54.79M-80.18M-63.8M-61.42M-66.7M-54.1M-63.66M-192.93M-74.2M-138.31M
Pretax Margin %-0.48%-0.77%-0.63%-0.54%-0.57%-0.39%-0.49%-1.97%-0.7%-0.79%
Income Tax+-1.48M-4.19M-3.26M-2.41M-1.92M-1.08M-4.42M-2.83M452K573K
Effective Tax Rate %0.97%0.95%0.95%0.96%0.97%0.98%0.93%0.99%1.01%1%
Net Income+-53.31M-75.98M-60.53M-59.01M-64.79M-53.02M-59.24M-190.1M-74.66M-138.88M
Net Margin %-0.46%-0.73%-0.59%-0.52%-0.55%-0.38%-0.45%-1.94%-0.7%-0.8%
Net Income Growth %-0.01%-0.43%0.2%0.03%-0.1%0.18%-0.12%-2.21%0.61%-0.86%
Net Income (Continuing)-53.31M-75.98M-60.53M-59.01M-64.79M-53.02M-59.24M-190.1M-74.66M-138.88M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-1.86-2.62-1.84-1.49-0.97-0.74-0.78-2.43-0.94-0.52
EPS Growth %0.02%-0.41%0.3%0.19%0.35%0.24%-0.05%-2.12%0.61%0.45%
EPS (Basic)-1.86-2.62-1.84-1.49-0.97-0.74-0.78-2.43-0.94-0.52
Diluted Shares Outstanding28.71M29.01M32.98M39.65M66.78M72.04M75.79M78.31M79.16M352.67M
Basic Shares Outstanding28.71M29.01M32.98M39.65M66.78M72.04M75.79M78.31M79.16M352.67M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+144.09M96.67M94.8M127.11M96.1M117.66M72.07M208.81M158.22M375.88M
Cash & Short-Term Investments94.97M59.43M63.14M95.4M58.64M68.52M28.45M165.78M114.89M292.87M
Cash Only29.12M35.05M58.06M95.4M21.66M68.52M28.45M81.31M51.7M166.73M
Short-Term Investments65.86M24.39M5.08M036.98M0084.47M63.19M126.15M
Accounts Receivable25.46M14.61M15.05M16.65M18.98M25.42M18.32M17.28M19.66M33.61M
Days Sales Outstanding8151.0653.8953.859.0967.1751.2164.3967.4870.32
Inventory17.92M20.11M15.09M13M13.88M19.69M20.82M21.47M20.53M40.74M
Days Inventory Outstanding140.3159.57110.2492.4995.68131.1124.19128.7134.09164.9
Other Current Assets02.52M1.53M2.05M0016K4.28M3.13M8.66M
Total Non-Current Assets+226.97M209.72M192.55M176.54M168.72M207.09M203.15M181.5M164.85M236.46M
Property, Plant & Equipment15.26M16.52M12.3M8.82M12.92M55.65M65.15M59.53M54.85M71.38M
Fixed Asset Turnover7.52x6.32x8.29x12.80x9.08x2.48x2.00x1.65x1.94x2.44x
Goodwill104.11M104.11M104.11M104.11M104.11M106.56M106.38M106.25M106.32M111.3M
Intangible Assets91.05M79.8M68.6M57.4M49.13M42.22M27.93M12.6M1.4M28.95M
Long-Term Investments6.49M000001M000
Other Non-Current Assets10.06M9.29M7.54M6.21M2.56M2.66M3.69M3.11M2.29M24.83M
Total Assets+371.06M306.39M287.35M303.65M264.81M324.76M275.21M390.31M323.07M612.34M
Asset Turnover0.31x0.34x0.35x0.37x0.44x0.43x0.47x0.25x0.33x0.28x
Asset Growth %-0.09%-0.17%-0.06%0.06%-0.13%0.23%-0.15%0.42%-0.17%0.9%
Total Current Liabilities+30.08M29.5M33.47M37.58M32.82M54.25M49.57M43.44M109.33M65.89M
Accounts Payable6.09M3.97M4.21M4.03M5.15M9.22M10.6M7.91M9.24M12.28M
Days Payables Outstanding47.731.4730.7728.6435.561.3963.2247.4360.3249.72
Short-Term Debt0000006.84M2.08M59.53M0
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities3.55M12.37M10.54M7.62M3.84M11.21M8.67M3.96M12.05M14.71M
Current Ratio4.79x3.28x2.83x3.38x2.93x2.17x1.45x4.81x1.45x5.70x
Quick Ratio4.19x2.60x2.38x3.04x2.50x1.81x1.03x4.31x1.26x5.09x
Cash Conversion Cycle173.6179.15133.36117.65119.27136.88112.17145.66141.26185.51
Total Non-Current Liabilities+226.08M223.66M222.94M193.95M78.38M131.46M131.05M428.33M361.79M74.73M
Long-Term Debt195.68M194.95M195.24M172.06M53.82M54.22M64.21M62.81M3.98M299K
Capital Lease Obligations00004.32M38.18M37.55M34.08M30.37M26.47M
Deferred Tax Liabilities23.59M21.14M16.92M13.71M11.49M8.7M4.33M1.05M841K1.08M
Other Non-Current Liabilities2.4M3.26M5.83M1.85M573K1.33M882K312.21M312.32M6.96M
Total Liabilities256.16M253.16M256.42M231.53M111.2M185.71M180.62M471.78M471.12M140.62M
Total Debt+195.68M194.95M195.24M172.06M59.98M95.38M111.65M102.66M98.21M33M
Net Debt166.57M159.91M137.18M76.66M38.32M26.86M83.2M21.35M46.51M-133.73M
Debt / Equity1.70x3.66x6.31x2.39x0.39x0.69x1.18x--0.07x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-8.64x-12.58x-10.02x-3.47x-12.11x-14.29x-17.65x-26.83x-16.77x-52.85x
Total Equity+114.9M53.23M30.93M72.12M153.61M139.05M94.6M-81.47M-148.05M471.72M
Equity Growth %-0.24%-0.54%-0.42%1.33%1.13%-0.09%-0.32%-1.86%-0.82%4.19%
Book Value per Share4.001.840.941.822.301.931.25-1.04-1.871.34
Total Shareholders' Equity114.9M53.23M30.93M72.12M153.61M139.05M94.6M-81.47M-148.05M471.72M
Common Stock29K29K39K49K70K75K77K80K83K396K
Retained Earnings-363.49M-439.48M-500.2M-558.85M-623.64M-676.76M-736M-926.1M-1B-1.19B
Treasury Stock0000000-563K-5.98M-46.47M
Accumulated OCI-1.14M-760K-574K-687K-582K112K-907K-1.9M-2.22M1.23M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-34.7M-39.1M-24.1M-25.2M-35.21M-15.42M-44.06M-89.37M-43.29M-143.45M
Operating CF Margin %-0.3%-0.37%-0.24%-0.22%-0.3%-0.11%-0.34%-0.91%-0.41%-0.82%
Operating CF Growth %-0.53%-0.13%0.38%-0.05%-0.4%0.56%-1.86%-1.03%0.52%-2.31%
Net Income-53.31M-75.98M-60.53M-59.01M-64.79M-53.02M-59.24M-190.1M-74.66M-138.88M
Depreciation & Amortization16.11M17.94M18.61M16.57M17.74M15.92M16.2M15.03M15.18M16.86M
Stock-Based Compensation16.83M13.86M9.09M11.02M11.39M14.45M16.1M14.88M13.12M31.73M
Deferred Taxes-2.33M00141K0212K0000
Other Non-Cash Items-3.76M339K-468K8.55M16.96M4.6M886K83.17M1.28M-41.08M
Working Capital Changes-8.23M4.75M9.2M-2.48M-16.51M2.41M-18.01M-12.35M1.79M-12.08M
Change in Receivables-2.76M10.52M-554K-1.79M-2.08M-7.63M6.73M1.06M-2.99M8.97M
Change in Inventory-3.74M-3.39M4.6M1.49M-3.05M-8.64M-4.78M-8.47M-4.91M-9.88M
Change in Payables769K-2.27M585K-294K03.36M001.62M0
Cash from Investing+25.74M45.1M17.66M4.72M-39.3M39.98M-11.95M-88.13M20.24M363.17M
Capital Expenditures-10.65M-5.07M-1.62M-372K-2.53M-12.72M-13.26M-3.83M-2.83M-8.36M
CapEx % of Revenue0.09%0.05%0.02%0%0.02%0.09%0.1%0.04%0.03%0.05%
Acquisitions----------
Investments----------
Other Investing2.33M50.17M-50K5.09M-36.77M21.04M1.32M-84.3M092.88M
Cash from Financing+5.3M76K29M57.66M2.79M20.86M15.96M230.76M-6.81M-102.62M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing5.3M187K204K-1.81M245K631K8.25M213.37M827K1.52M
Net Change in Cash----------
Free Cash Flow+-45.35M-44.16M-25.71M-25.57M-37.74M-28.13M-57.33M-93.19M-46.12M-151.81M
FCF Margin %-0.4%-0.42%-0.25%-0.23%-0.32%-0.2%-0.44%-0.95%-0.43%-0.87%
FCF Growth %-0.51%0.03%0.42%0.01%-0.48%0.25%-1.04%-0.63%0.51%-2.29%
FCF per Share-1.58-1.52-0.78-0.64-0.57-0.39-0.76-1.19-0.58-0.43
FCF Conversion (FCF/Net Income)0.65x0.51x0.40x0.43x0.54x0.29x0.74x0.47x0.58x1.03x
Interest Paid5.54M5.53M5.53M5.53M3.54M3.09M3.15M3.49M3.82M3.09M
Taxes Paid189K355K245K321K0521K00801K0

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-40.19%-90.39%-143.84%-114.53%-57.41%-36.23%-50.71%-2895.85%--85.82%
Return on Invested Capital (ROIC)-12.67%-22.2%-22.96%-22.8%-22.82%-21.39%-29.44%-148.13%--111.17%
Gross Margin59.35%55.95%50.99%54.57%54.83%60.32%53.13%37.83%47.44%48.31%
Net Margin-46.48%-72.75%-59.38%-52.24%-55.26%-38.38%-45.36%-194.08%-70.2%-79.62%
Debt / Equity1.70x3.66x6.31x2.39x0.39x0.69x1.18x--0.07x
Interest Coverage-8.64x-12.58x-10.02x-3.47x-12.11x-14.29x-17.65x-26.83x-16.77x-52.85x
FCF Conversion0.65x0.51x0.40x0.43x0.54x0.29x0.74x0.47x0.58x1.03x
Revenue Growth-1.5%-8.95%-2.4%10.82%3.79%17.83%-5.47%-24.99%8.57%64.03%

Revenue by Segment

2015201620172018201920202021202220232024
Product And Service-------96.17M105.18M169.7M
Product And Service Growth--------9.37%61.35%
Product---93.65M95.42M99.94M100.38M72.45M79.2M88.57M
Product Growth----1.89%4.75%0.43%-27.82%9.31%11.83%
Service---19.31M21.28M22.58M25.92M23.71M25.98M81.13M
Service Growth----10.16%6.12%14.78%-8.51%9.56%212.29%
Consumables---48.16M45.41M-57.88M46.79M41.74M60.06M
Consumables Growth-----5.70%---19.16%-10.80%43.90%
Instruments---45.49M50M-42.5M25.66M37.46M28.5M
Instruments Growth----9.92%---39.61%45.96%-23.91%
Collaboration and Other Revenue---------4.73M
Collaboration and Other Revenue Growth----------
Product and Service, Other-----6.76M1.73M964K1.16M-
Product and Service, Other Growth-------74.41%-44.25%20.54%-
License------147K964K--
License Growth-------555.78%--
Collaboration Revenue------2.56M818K--
Collaboration Revenue Growth--------68.03%--
Grant------1.58M---
Grant Growth----------
Grant Revenue----550K-----
Grant Revenue Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
Americas---51.17M47.02M74.59M63.88M43.98M46.2M93.46M
Americas Growth-----8.12%58.64%-14.36%-31.15%5.03%102.32%
EMEA---36.62M40.02M37.78M42.72M33.14M36.2M52.32M
EMEA Growth----9.30%-5.62%13.09%-22.44%9.25%44.52%
Asia Pacific10.93M18.48M20M25.18M30.2M25.78M23.98M20.83M23.94M28.65M
Asia Pacific Growth-69.14%8.26%25.84%19.97%-14.64%-6.98%-13.14%14.94%19.66%
UNITED STATES55.15M52.64M45.82M-------
UNITED STATES Growth--4.55%-12.95%-------
Europe36.77M29.74M32.64M-------
Europe Growth--19.13%9.76%-------
CHINA-11.1M11.1M-------
CHINA Growth--0.00%-------
JAPAN6.04M---------
JAPAN Growth----------
Other Geographical Countries5.57M---------
Other Geographical Countries Growth----------

Frequently Asked Questions

Growth & Financials

Standard BioTools Inc. (LAB) reported $128.8M in revenue for fiscal year 2024. This represents a 201% increase from $42.9M in 2011.

Standard BioTools Inc. (LAB) grew revenue by 64.0% over the past year. This is strong growth.

Standard BioTools Inc. (LAB) reported a net loss of $128.3M for fiscal year 2024.

Dividend & Returns

Standard BioTools Inc. (LAB) has a return on equity (ROE) of -85.8%. Negative ROE indicates the company is unprofitable.

Standard BioTools Inc. (LAB) had negative free cash flow of $98.4M in fiscal year 2024, likely due to heavy capital investments.

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