Azenta vs Repligen
Repligen is the larger business, with $738m of revenue in fiscal 2025 against $594m for Azenta (1.2 times as much). Repligen grew faster (16.4% against 3.6%). Repligen kept more of each dollar of sales as profit: a net margin of 6.6% against -9.4%. Azenta carries less debt relative to equity (0.0% against 25.7%).
| Latest fiscal year | AzentaAZTA, 2025 | RepligenRGEN, 2025 |
|---|---|---|
| Revenue | $594m | $738m |
| Revenue growth | 3.6% | 16.4% |
| Net income | −$55.8m | $48.9m |
| Operating margin | -4.5% | 7.5% |
| Net margin | -9.4% | 6.6% |
| Return on equity | -3.2% | 2.4% |
| Free cash flow | $38.3m | $93.9m |
| Cash | $280m | $566m |
| Total debt | $0 | $542m |
| Debt to equity | 0.0% | 25.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | $0 |
| Employees | 3,000 | 2,000 |
| Market value | $1.63bn | $10.13bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 46 (Moderate) | 39 (Weak) |
| Insider trades, 12 months | 2 buys, 0 sales | 0 buys, 25 sales |