Revenue and gross margin have recovered from the depressed 43.8% reading in 2025Q4 to 57.4% in 2026Q3, though net margin of 8.5% still trails the 13-14% levels seen in 2024.
Revvity, Inc. (RVTY) annual income statement — 30-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 2.94B | 2.86B | 2.76B | 2.75B | 3.31B | 3.83B | 3.78B | 2.88B | 2.78B | 2.26B | 2.12B | 2.1B | 2.24B | 2.17B | 2.12B | 1.92B | 1.7B | 1.55B | 1.96B | 1.79B | 1.55B | 1.47B | 1.43B | 1.54B | 1.5B | 1.33B | 1.7B | 1.36B | 1.41B | 1.46B | 1.43B |
| Revenue Growth % | 4.56% | 3.67% | 0.16% | -16.95% | -13.48% | 1.19% | 31.18% | 3.8% | 23.08% | 6.69% | 0.51% | -5.92% | 3.28% | 2.41% | 10.09% | 12.73% | 9.9% | -20.88% | 9.66% | 15.58% | 4.92% | 3.13% | -6.91% | 2.01% | 13.15% | -21.54% | 24.37% | -3.18% | -3.62% | 2.35% | 0.54% |
| Cost of Goods Sold | 1.38B | 1.34B | 1.43B | 1.43B | 1.55B | 1.55B | 1.79B | 1.59B | 1.53B | 1.23B | 1.14B | 1.17B | 1.27B | 1.23B | 1.19B | 1.1B | 963.91M | 851.78M | 1.12B | 1.07B | 922.89M | 859.29M | 846.33M | 906.27M | 904.1M | 721.73M | 918.43M | 787.3M | 991.3M | 1.04B | 1.01B |
| COGS % of Revenue | - | 46.92% | 51.99% | 51.93% | 46.84% | 40.38% | 47.38% | 55.16% | 54.96% | 54.39% | 54.04% | 55.81% | 56.6% | 56.61% | 56.33% | 57.11% | 56.56% | 54.93% | 57.39% | 59.99% | 59.68% | 58.3% | 59.22% | 59.03% | 60.07% | 54.26% | 54.18% | 57.76% | 70.41% | 71.2% | 70.61% |
| Gross Profit | 1.56B | 1.52B | 1.32B | 1.32B | 1.76B | 2.28B | 1.99B | 1.29B | 1.25B | 1.03B | 972.25M | 930.03M | 971.01M | 939.97M | 923.81M | 823.98M | 740.43M | 698.98M | 835.07M | 715.14M | 623.47M | 614.54M | 582.76M | 628.95M | 600.88M | 608.33M | 776.84M | 575.8M | 416.6M | 420.7M | 419.5M |
| Gross Margin % | 53.07% | 53.08% | 48.01% | 48.07% | 53.16% | 59.62% | 52.62% | 44.84% | 45.04% | 45.61% | 45.96% | 44.19% | 43.4% | 43.39% | 43.67% | 42.89% | 43.44% | 45.07% | 42.61% | 40.01% | 40.32% | 41.7% | 40.78% | 40.97% | 39.93% | 45.74% | 45.82% | 42.24% | 29.59% | 28.8% | 29.39% |
| Gross Profit Growth % | - | 14.62% | 0.04% | -24.91% | -22.84% | 14.64% | 53.94% | 3.34% | 21.56% | 5.87% | 4.54% | -4.22% | 3.3% | 1.75% | 12.12% | 11.28% | 5.93% | -16.3% | 16.77% | 14.7% | 1.45% | 5.45% | -7.34% | 4.67% | -1.22% | -21.69% | 34.91% | 38.21% | -0.97% | 0.29% | 3.07% |
| Operating Expenses | 1.19B | 1.16B | 912.14M | 922.7M | 979.61M | 941.95M | 970.72M | 887.57M | 880.27M | 724.72M | 666.58M | 663.24M | 740.51M | 681.22M | 723.02M | 706.04M | 567.67M | 558.89M | 633.76M | 540.49M | 471.97M | 452.83M | 444.68M | 495.22M | 540.87M | 492.46M | 592.81M | 464.4M | 322.7M | 332.9M | 331.8M |
| OpEx % of Revenue | - | 40.6% | 33.11% | 33.55% | 29.58% | 24.61% | 25.66% | 30.78% | 31.69% | 32.11% | 31.51% | 31.51% | 33.1% | 31.45% | 34.18% | 36.75% | 33.31% | 36.04% | 32.33% | 30.24% | 30.52% | 30.72% | 31.12% | 32.26% | 35.94% | 37.03% | 34.97% | 34.07% | 22.92% | 22.79% | 23.25% |
| Selling, General & Admin | 976M | 945.28M | 715.3M | 706.12M | 757.99M | 741.61M | 765.33M | 698.24M | 694.17M | 585.56M | 542.8M | 551.2M | 619.97M | 548.69M | 590.89M | 590.92M | 473.86M | 468.11M | 524.82M | 430.57M | 373.85M | 365.46M | 362.32M | 386.4M | 431.3M | 411.14M | 418.98M | 327.1M | 226.3M | 243.4M | 290.9M |
| SG&A % of Revenue | - | 33.1% | 25.96% | 25.67% | 22.89% | 19.37% | 20.23% | 24.21% | 24.99% | 25.94% | 25.66% | 26.19% | 27.71% | 25.33% | 27.94% | 30.76% | 27.8% | 30.19% | 26.78% | 24.09% | 24.18% | 24.8% | 25.35% | 25.17% | 28.66% | 30.91% | 24.71% | 24% | 16.07% | 16.66% | 20.38% |
| Research & Development | 213.15M | 215.84M | 196.84M | 216.58M | 221.62M | 200.34M | 205.39M | 189.34M | 186.1M | 139.16M | 123.78M | 112.04M | 120.54M | 132.52M | 132.14M | 115.12M | 93.81M | 90.78M | 108.94M | 109.92M | 98.12M | 87.37M | 82.36M | 83.14M | 86.45M | 81.31M | 86.12M | 71.2M | 46M | 44.9M | 0 |
| R&D % of Revenue | - | 7.56% | 7.14% | 7.87% | 6.69% | 5.23% | 5.43% | 6.57% | 6.7% | 6.17% | 5.85% | 5.32% | 5.39% | 6.12% | 6.25% | 5.99% | 5.5% | 5.85% | 5.56% | 6.15% | 6.35% | 5.93% | 5.76% | 5.42% | 5.74% | 6.11% | 5.08% | 5.22% | 3.27% | 3.07% | - |
| Other Operating Expenses | 0 | -1.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.67M | 23.11M | 0 | 87.72M | 66.1M | 50.4M | 44.6M | 40.9M |
| Operating Income | 372.09M | 356.63M | 410.52M | 399.49M | 781.12M | 1.34B | 1.02B | 405.48M | 370.97M | 304.63M | 305.67M | 266.79M | 230.49M | 258.76M | 200.78M | 117.94M | 172.76M | 140.09M | 201.31M | 174.65M | 151.5M | 161.71M | 138.09M | 183.91M | 123.37M | 197.58M | 184.03M | 104.4M | 31.7M | 121.6M | 87.7M |
| Operating Margin % | 12.65% | 12.49% | 14.9% | 14.52% | 23.59% | 35.01% | 26.96% | 14.06% | 13.35% | 13.5% | 14.45% | 12.68% | 10.3% | 11.95% | 9.49% | 6.14% | 10.14% | 9.03% | 10.27% | 9.77% | 9.8% | 10.97% | 9.66% | 11.98% | 8.2% | 14.86% | 10.86% | 7.66% | 2.25% | 8.32% | 6.14% |
| Operating Income Growth % | - | -13.13% | 2.76% | -48.86% | -41.71% | 31.4% | 151.5% | 9.3% | 21.78% | -0.34% | 14.57% | 15.75% | -10.92% | 28.88% | 70.24% | -31.73% | 23.32% | -30.41% | 15.26% | 15.28% | -6.31% | 17.11% | -24.92% | 49.07% | -37.56% | 7.37% | 76.27% | 229.34% | -73.93% | 38.65% | 6.05% |
| EBITDA | 785.18M | 761.98M | 838.37M | 831.26M | 1.21B | 1.65B | 1.22B | 619.51M | 551.56M | 409.63M | 405.64M | 372.16M | 347.23M | 387.23M | 327.65M | 228.86M | 261.92M | 220.86M | 289.92M | 252.65M | 220.69M | 228.71M | 205.68M | 273.69M | 219.48M | 281.84M | 311.28M | 170.5M | 82.1M | 166.2M | 135.9M |
| EBITDA Margin % | 26.69% | 26.68% | 30.43% | 30.22% | 36.48% | 43.14% | 32.29% | 21.48% | 19.85% | 18.15% | 19.17% | 17.68% | 15.52% | 17.88% | 15.49% | 11.91% | 15.37% | 14.24% | 14.79% | 14.14% | 14.27% | 15.52% | 14.39% | 17.83% | 14.58% | 21.19% | 18.36% | 12.51% | 5.83% | 11.38% | 9.52% |
| EBITDA Growth % | 0.09% | -9.11% | 0.86% | -31.19% | -26.84% | 35.2% | 97.16% | 12.32% | 34.65% | 0.98% | 9% | 7.18% | -10.33% | 18.18% | 43.16% | -12.62% | 18.59% | -23.82% | 14.75% | 14.48% | -3.51% | 11.19% | -24.85% | 24.7% | -22.13% | -9.46% | 82.57% | 107.67% | -50.6% | 22.3% | 14.49% |
| D&A (Non-Cash Add-back) | 413.09M | 405.34M | 427.85M | 431.77M | 427M | 311.44M | 201.65M | 214.03M | 180.59M | 105M | 99.97M | 105.36M | 116.74M | 128.47M | 126.86M | 110.92M | 89.16M | 80.76M | 88.61M | 78M | 69.18M | 67M | 67.6M | 89.78M | 96.11M | 84.26M | 127.25M | 66.1M | 50.4M | 44.6M | 48.2M |
| EBIT | 374.8M | 360.46M | 412.4M | 281.79M | 755.79M | 1.31B | 956.08M | 300.77M | 324.66M | 340.66M | 285.6M | 246.8M | 205.87M | 203.26M | 96.37M | 89.14M | 177.88M | 120.14M | 174.03M | 166.61M | 159.89M | 93.95M | 135.55M | 133.73M | 60.02M | 115.87M | 184.03M | 111.4M | 53.7M | 55.3M | 87.7M |
| Net Interest Income | -71.17M | -61.08M | -23.09M | -26.68M | -100.37M | -99.89M | -48.7M | -62.13M | -65.83M | -41.37M | -40.83M | -37.32M | -35.6M | -49.27M | -45.04M | -22.9M | -15.06M | -14.97M | -21.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 20.86M | 31.1M | 73.19M | 72.13M | 3.59M | 2.24M | 1.01M | 1.5M | 1.14M | 2.57M | 702K | 673K | 667K | 650K | 747K | 1.88M | 832K | 1.03M | 4.02M | 4.69M | 9.39M | 3.32M | 2.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 92.03M | 92.19M | 96.28M | 98.81M | 103.95M | 102.13M | 49.71M | 63.63M | 66.98M | 43.94M | 41.53M | 38M | 36.27M | 49.92M | 45.79M | 24.78M | 15.89M | 17.16M | 82.14M | 41.7M | 0 | 0 | 47.71M | 105.08M | 279.72M | 128.31M | 74.63M | 7M | 0 | 64.6M | 8.9M |
| Other Income/Expense | -89.33M | -88.36M | -94.39M | -216.51M | -129.28M | -136.42M | -113.43M | -168.34M | -113.28M | -7.92M | -61.6M | -57.98M | -60.89M | -105.42M | -150.19M | -53.59M | -10.78M | -33.96M | -52.5M | -23.36M | -767K | -95.05M | -38.74M | -56.39M | -32.87M | -163.43M | -39.54M | -66.5M | 124.3M | -35.8M | -7.3M |
| Pretax Income | 282.77M | 268.28M | 316.13M | 182.98M | 651.84M | 1.2B | 906.36M | 237.14M | 257.68M | 296.72M | 244.07M | 208.81M | 169.6M | 153.33M | 50.59M | 64.35M | 161.98M | 106.14M | 148.81M | 151.29M | 150.74M | 66.66M | 99.34M | 80.88M | -8.55M | 34.15M | 144.49M | 44.9M | 156M | 54M | 80.4M |
| Pretax Margin % | 9.61% | 9.39% | 11.47% | 6.65% | 19.68% | 31.44% | 23.96% | 8.22% | 9.28% | 13.15% | 11.54% | 9.92% | 7.58% | 7.08% | 2.39% | 3.35% | 9.5% | 6.84% | 7.59% | 8.46% | 9.75% | 4.52% | 6.95% | 5.27% | -0.57% | 2.57% | 8.52% | 3.29% | 11.08% | 3.7% | 5.63% |
| Income Tax | 27.41M | 25.8M | 33.05M | 3.47M | 139.16M | 314.15M | 178.27M | 9.39M | 20.21M | 139.83M | 28.36M | 20.02M | 8.44M | -14.59M | -17.85M | 63.18M | 26.06M | 31.8M | 21.04M | 17.45M | 32.41M | 128K | 23.46M | 25.87M | -4.42M | 34.77M | 58.42M | 16.5M | 54M | 23.4M | 25.9M |
| Effective Tax Rate % | 9.69% | 9.62% | 10.46% | 1.9% | 21.35% | 26.1% | 19.67% | 3.96% | 7.84% | 47.12% | 11.62% | 9.59% | 4.97% | -9.52% | -35.29% | 98.18% | 16.09% | 29.96% | 14.14% | 11.54% | 21.5% | 0.19% | 23.62% | 31.99% | 51.64% | 101.82% | 40.43% | 36.75% | 34.62% | 43.33% | 32.21% |
| Net Income | 253.2M | 241.68M | 295.83M | -118.38M | 569.18M | 943.16M | 728.1M | 227.56M | 238.79M | 113.02M | 233.68M | 212.45M | 158.04M | 167.92M | 68.44M | 1.17M | 383.92M | 85.6M | 128.41M | 132.92M | 117.15M | 81.75M | 75.88M | 52.96M | -4.13M | -620K | 90.52M | 28.4M | 102M | 33.7M | 60.2M |
| Net Margin % | 8.61% | 8.46% | 10.74% | -4.3% | 17.19% | 24.64% | 19.25% | 7.89% | 8.6% | 5.01% | 11.05% | 10.09% | 7.06% | 7.75% | 3.24% | 0.06% | 22.53% | 5.52% | 6.55% | 7.44% | 7.58% | 5.55% | 5.31% | 3.45% | -0.27% | -0.05% | 5.34% | 2.08% | 7.24% | 2.31% | 4.22% |
| Net Income Growth % | 5.88% | -18.31% | 349.91% | -120.8% | -39.65% | 29.54% | 219.96% | -4.7% | 111.28% | -51.64% | 9.99% | 34.43% | -5.89% | 145.36% | 5739.68% | -99.69% | 348.51% | -33.34% | -3.39% | 13.46% | 43.31% | 7.73% | 43.28% | 1380.75% | -566.94% | -100.68% | 218.73% | -72.16% | 202.67% | -44.02% | 10.87% |
| Net Income (Continuing) | 255.36M | 242.48M | 283.07M | 179.5M | 512.68M | 889.44M | 728.1M | 227.75M | 237.47M | 156.89M | 215.71M | 188.78M | 161.17M | 167.92M | 68.44M | 1.17M | 135.92M | 74.33M | 127.77M | 133.83M | 118.32M | 66.53M | 75.88M | 55.01M | -4.13M | -620K | 86.07M | 28.4M | 79M | 9.6M | 54.5M |
| Discontinued Operations | -1.5M | -975K | 12.76M | -297.88M | 56.5M | 53.72M | 0 | -195K | 1.31M | -43.87M | 17.97M | 23.67M | -3.13M | 0 | 0 | 0 | 248M | 11.26M | 633K | -916K | -1.17M | 15.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.26 | 2.08 | 2.41 | -0.95 | 4.50 | 8.08 | 6.49 | 2.04 | 2.14 | 1.02 | 2.12 | 1.87 | 1.39 | 1.48 | 0.60 | 0.01 | 3.25 | 0.73 | 1.06 | 1.10 | 0.93 | 0.62 | 0.58 | 0.41 | -0.03 | -0.01 | 0.89 | 0.31 | 1.11 | 0.37 | 0.64 |
| EPS Growth % | 13.31% | -13.69% | 353.87% | -121.09% | -44.31% | 24.47% | 218.23% | -4.67% | 110% | -51.87% | 12.98% | 34.93% | -6.08% | 148.28% | 5685.44% | -99.68% | 345.21% | -31.13% | -3.82% | 19.02% | 48.54% | 7.48% | 41.46% | 1346.2% | - | -100.64% | 187.1% | -72.07% | 200% | -42.19% | 25.49% |
| EPS (Basic) | - | 2.08 | 2.41 | -0.95 | 4.51 | 8.12 | 6.53 | 2.05 | 2.16 | 1.03 | 2.13 | 1.89 | 1.40 | 1.50 | 0.60 | 0.01 | 3.28 | 0.74 | 1.07 | 1.12 | 0.94 | 0.63 | 0.60 | 0.42 | -0.03 | -0.01 | 0.92 | 0.31 | 1.13 | 0.37 | 0.64 |
| Diluted Shares Outstanding | 111.83M | 113.21M | 122.82M | 124.81M | 126.43M | 116.67M | 112.08M | 111.5M | 111.53M | 110.86M | 110.31M | 113.31M | 113.74M | 113.5M | 114.86M | 113.86M | 117.98M | 116.59M | 118.69M | 120.81M | 125.88M | 131.43M | 129.79M | 129.17M | 125.57M | 107.83M | 101.71M | 91.3M | 91.89M | 91.08M | 94.8M |
| Basic Shares Outstanding | 111.6M | 113.21M | 122.76M | 124.7M | 126.16M | 116.17M | 111.51M | 110.83M | 110.56M | 109.86M | 109.48M | 112.51M | 112.59M | 112.25M | 113.73M | 112.98M | 117.11M | 116.25M | 117.66M | 118.92M | 125.2M | 129.27M | 127.34M | 126.09M | 125.57M | 104.56M | 98.39M | 91.3M | 90.27M | 91.08M | 94.8M |
| Dividend Payout Ratio | - | 13.57% | 11.65% | - | 6.21% | 3.43% | 4.29% | 13.65% | 12.99% | 27.25% | 13.18% | 14.86% | 20.01% | 18.82% | 46.61% | 2715.78% | 8.59% | 38.2% | 25.76% | 25.36% | 30.26% | 44.4% | 47.16% | 66.86% | - | - | 30.42% | 89.79% | 24.9% | 76.26% | 44.19% |
Quick answers to the most common questions about buying RVTY stock.
For fiscal year 2025, Revvity, Inc. (RVTY) reported total revenue of $2.86B. This represents a 100.1% increase compared to $1.43B in 1996.
Revvity, Inc. (RVTY) is profitable, generating $241.7M in net income for the fiscal year ending 2025 with a net profit margin of 8.5%.
Revvity, Inc. (RVTY) reported an operating income of $356.6M, resulting in an operating profit margin of 12.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Revvity, Inc. (RVTY) generated $1.52B in gross profit for the year, representing a gross profit margin of 53.1%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Tariff and China exposure
Metrics are mathematically derived from official filings.
Revenue Re-Accelerating After Divestiture Reset
Based on Revvity's reported figures, quarterly revenue rose from $664.8M in 2025Q1 to $728.9M in 2026Q3, a 4.3% year-over-year gain that suggests the post-divestiture base is now growing again.
The revenue series shows a pattern of modest but steady expansion, with year-over-year growth of 7.0% in 2026Q1 moderating to 4.3% in 2026Q3. This deceleration may reflect tougher comparisons against the strong 2025Q4 quarter rather than a loss of demand. Investors should monitor whether organic growth is distinguishable from transition service agreement income and FX effects before treating the trend as durable.
Gross Margin Recovering Toward Structural Levels
As reported in the financial statements, gross margin moved from a depressed 43.8% in 2025Q4 back to 57.4% in 2026Q3, suggesting mix and cost normalization after the divestiture.
The sharp 2025Q4 compression to 43.8% appears inconsistent with the otherwise stable 53-57% range, which may indicate one-time inventory or cost items rather than structural pressure. The recovery to 57.4% is consistent with a higher-margin reagent and informatics mix. Sustaining this level depends on continued reagent pull-through and avoiding renewed input cost inflation.
Operating Leverage Visible but Uneven
According to recent SEC filings, operating margin improved from 10.7% in 2026Q1 to 13.1% in 2026Q3, with SG&A holding near $275M, indicating some operating leverage on flat-to-rising revenue.
Because gross profit grew faster than operating expenses over the most recent quarters, incremental revenue appears to be converting into operating income at a higher rate. However, operating income remained volatile across the ten-quarter window, with 2025Q4 and 2024Q4 showing unusually high margins that appear driven by lower SG&A rather than sustained efficiency. Investors should treat the latest margin as encouraging but not yet a proven steady state.
EPS Beat Partly Reflects Operating Momentum
Based on Revvity's reported figures, diluted EPS of $0.56 in 2026Q3 rose 40% year over year, but net margin of 8.5% remains well below the 13-14% peaks seen in 2024.
The EPS growth rate is amplified by a low prior-year base, so the 40% figure overstates the underlying improvement. Net income has grown more slowly than operating income in recent quarters, which may point to higher interest, tax, or non-operating drag. Stock-based compensation of roughly $10M per quarter is modest but warrants watching alongside the reported EPS trajectory.
Structural Growth Ceiling Risks
Based on reported quarterly data, Revvity's revenue has grown only 0.5% to 7% year over year in recent periods, which may leave limited room for error if tariff or China-related headwinds intensify.
Newborn screening volumes tied to declining birth rates could cap organic growth in the Diagnostics segment, a core profit contributor. Peer data shows Waters and Mettler-Toledo sustaining higher operating margins near 28%, suggesting Revvity's 13% operating margin still has room to lag if pricing power weakens. Investors should monitor whether the recent guidance raise reflects durable demand or temporary timing benefits.