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Harvard Bioscience vs Mdxhealth SA

Mdxhealth SA is the larger business, with $108m of revenue in fiscal 2025 against $86.5m for Harvard Bioscience (1.2 times as much). Mdxhealth SA grew faster (19.8% against -8.1%). Mdxhealth SA kept more of each dollar of sales as profit: a net margin of -31.1% against -65.5%.

Latest fiscal yearHarvard BioscienceHBIO, 2025Mdxhealth SAMDXH, 2025
Revenue $86.5m $108m
Revenue growth -8.1% 19.8%
Net income −$56.7m −$33.5m
Operating margin -56.1% -13.4%
Net margin -65.5% -31.1%
Return on equity -147.1% —
Free cash flow $5.5m −$3.3m
Cash $8.6m $29.0m
Total debt $40.0m $76.2m
Debt to equity 291.2% —
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 339 —
Market value $40.1m $7.9m
Price vs our value range — —
Moat score 56 (Moderate) —
Insider trades, 12 months 5 buys, 0 sales 1 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.