QGEN QIAGEN N.V.

Overview and Growth

Fiscal 2025 results for QIAGEN N.V. combined $2.09B of revenue with net income of $424.88M and an operating cash inflow of $654.33M. At $2.09B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 5.7% above fiscal 2024 revenue of $1.98B, marking a year-over-year increase. Diluted earnings per share were $1.94, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $0.37 in fiscal 2024, the current result was 424.3% higher. Asset turnover was 0.33x, 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 $1.30B as gross profit before recognizing operating expenses and other items. Gross profit represented 62.2% of revenue, showing how much of the top line remained after direct costs. Operations produced $465.85M of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 22.3%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $424.88M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 20.3% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $490.26M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 23.5%, adding a pre-tax profitability layer between revenue and net income. The company recognized $65.39M of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 13.3% of pretax income, showing the tax burden absorbed by the year’s earnings.

Liquidity and Capital Structure

Total assets were $6.28B, supported by $2.50B of liabilities and $3.78B of shareholder equity. At period end, current assets of $2.00B compared with current liabilities of $512.14M, defining the company’s short-term resource position. The current ratio was 3.9x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $839.00M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 163.8%, excluding receivables and other current assets. Borrowings totaled $1.65B, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 0.44x, showing how much debt the company carried for each unit of book equity. Debt represented 26.3% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 39.9%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 13.4% of total assets, showing the liquid cash component within the company’s broader resource base.

Cash Flow and Earnings Quality

The company reported $654.33M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.54x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $201.05M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 30.7%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $453.28M of positive free cash flow for the period. Free cash flow represented 21.7% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 7.2% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.