HOLX HOLOGIC INC

Overview and Growth

HOLOGIC INC generated $4.10B of revenue in fiscal 2025, with net income of $565.70M and an operating cash inflow of $1.06B. Revenue of $4.10B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 1.7% from $4.03B in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was $2.49, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS decreased by 25.0% from $3.32 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Asset turnover was 0.45x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $2.12B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 51.6% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was $714.30M, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 17.4%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $565.70M for the fiscal year. Measured against reported revenue, net income produced a 13.8% margin after operating costs and the remaining recognized items. The earnings statement records $681.20M of pretax income, the profit base against which the reported tax provision can be assessed. Measured against revenue, pretax income equaled 16.6%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $115.50M, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 17.0% of pretax income, showing the tax burden absorbed by the year’s earnings.

Liquidity and Capital Structure

The company held $9.01B of assets against $3.97B of liabilities and $5.05B of equity, revealing how the asset base was financed. The near-term balance sheet paired $3.67B of current assets with $977.20M of current liabilities at the reporting date. The current ratio was 3.75x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $1.96B, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 200.5%, excluding receivables and other current assets. Total debt was $2.51B, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.5x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 27.8%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 44.0%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 21.7%, comparing reported cash and equivalents with the full positive asset balance.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.06B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 1.87x, showing the relationship between accrual earnings and operating cash. Capital spending was $58.80M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 5.6%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $998.30M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 24.3%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 11.1%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Sep 27, 2025. Analysis generated Sep 24, 2026.