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Agilent Technologies key statistics and ratios

In fiscal 2025, Agilent Technologies had return on equity of 20.6%, an operating margin of 21.3%, debt equal to 49.8% of equity and a current ratio of 1.96. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Oct 20092010Oct 20102011Oct 20112012Oct 20122013Oct 20132014Oct 20142015Oct 20152016Oct 20162017Oct 20172018Oct 20182019Oct 20192020Oct 20202021Oct 20212022Oct 20222023Oct 20232024Oct 20242025Oct 2025LTMJul 2026
Gross margin51.1%53.8%53.3%52.6%49.0%48.8%50.5%52.3%53.9%54.5%54.3%53.1%53.9%54.4%50.7%54.3%52.4%53.8%
Operating margin1.0%10.4%16.2%16.3%9.9%10.4%12.9%14.6%18.0%18.4%18.2%15.8%21.3%23.6%19.8%22.9%21.3%22.2%
Net margin−0.7%12.6%15.3%16.8%18.8%13.6%9.9%11.0%15.3%6.4%20.7%13.5%19.1%18.3%18.1%19.8%18.8%19.5%
Free-cash-flow margin6.2%11.0%16.2%15.1%24.6%13.0%10.3%15.6%15.9%18.5%16.8%15.0%20.5%14.9%21.6%21.1%16.6%17.2%
Return on equity−1.2%23.9%26.9%24.3%14.0%10.4%8.5%11.0%15.1%6.7%22.9%14.9%23.6%23.5%22.2%22.0%20.6%20.4%
Return on assets−0.4%7.9%10.8%11.8%6.9%5.1%4.4%6.0%8.4%3.7%11.9%7.5%11.9%11.8%11.6%11.4%10.6%10.8%
Asset turnover0.590.630.710.700.370.380.440.550.550.580.570.560.620.640.640.580.570.55
Current ratio3.532.003.032.453.113.263.783.853.303.331.532.332.222.032.612.091.962.05
Debt to equity115.9%114.3%50.7%45.6%51.1%31.4%39.7%44.9%41.6%39.2%50.7%48.4%50.6%52.2%46.8%57.5%49.8%53.6%
Interest cover (operating income ÷ interest)0.5x5.9x12.5x11.1x3.6x3.8x7.9x8.5x10.2x12.1x12.7x10.8x16.6x19.3x14.2x15.5x13.2x15.5x
Effective tax rate—0.9%1.5%−7.9%9.3%−0.4%5.5%9.5%12.2%66.6%−16.5%14.6%11.0%16.6%7.4%15.3%9.2%13.1%
R&D as % of revenue14.3%11.2%9.8%9.7%8.7%8.8%8.2%7.8%7.6%7.9%7.8%9.3%7.0%6.8%7.0%7.4%6.5%6.6%
SG&A as % of revenue35.8%32.2%27.3%26.5%30.4%29.6%29.4%29.8%28.0%28.3%28.3%28.0%25.6%23.9%23.9%24.1%24.6%25.0%
Capital spending as % of revenue2.9%2.2%2.8%2.8%5.0%5.1%2.4%3.3%3.9%3.6%3.0%2.2%3.0%4.2%4.4%5.8%5.9%4.6%
Free cash flow ÷ net income—87.3%105.9%89.7%130.4%95.8%103.2%141.6%104.2%288.0%80.9%111.5%107.2%81.4%118.9%106.5%88.4%88.0%
Dividends ÷ net income—0.0%0.0%9.0%21.3%32.1%33.2%32.5%24.9%60.4%19.2%30.9%19.5%19.9%21.4%21.3%21.6%19.9%
Dividends and buybacks ÷ free cash flow56.1%68.8%46.4%26.7%110.3%71.5%96.6%89.3%51.1%67.4%107.3%86.2%79.0%136.0%57.0%103.7%61.4%52.6%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 7 checks passed · July 31, 2026
What it owns · $14.0bn
Short-term assets $4.7bnLonger-term assets $9.3bn
What it owes, and who funded it · $14.0bn
Short-term liabilities $2.3bnLonger-term liabilities $4.3bnShareholders' equity $7.4bn
  • Short-term assets cover short-term liabilities $4.7bn of assets due within a year against $2.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.7bn short-term assets against $4.3bn of longer-dated liabilities.
  • More cash than debt $1.8bn of cash against $3.9bn of debt.
  • Debt below 40% of shareholders' equity Debt is 54% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 53% to 54% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.6bn of operating cash flow against $3.9bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.6bn against $106m of interest.

From Agilent Technologies's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

87 /100

Strong moat

How hard Agilent Technologies's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 14.7% of total assets over 10 years.

  • Pricing power 18 / 20

    Gross margin has been a median 53.7%, moving by 1.0 percentage points (standard deviation) across 10 years.

  • Durability 16 / 20

    Operating margin has been a median 20.3%; its worst year was 15.3%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 10 of 10 years, at a median 17.0% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 8.1% over five years; stock-based pay has been a median 1.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (92 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: A vs AVTRA vs ICLRA vs WAT

More: Life Sciences Tools & Services stocks compared, Health Care sector, rankings of US companies

Figures from Agilent Technologies's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Agilent Technologies.