Revvity, Inc. (RVTY) Stock

Revvity, Inc. (RVTY) is a Technology stock trading at $140.17 (as of 2026-09-15), with a market capitalization of $15.64B and a trailing P/E of 65.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Revvity, Inc. develops products and services for diagnostics and life sciences, including instruments, reagents, assay platforms, and related software and informatics for research, analytical testing, and early detection of genetic and infectious disease. It operates through Discovery & Analytical Solutions and Diagnostics segments, serving customers worldwide across laboratory, research, and applied analysis markets.

Understand Revvity, Inc.: how it makes money

Revvity sells laboratory instruments, reagents, software, and contract testing to life sciences researchers and diagnostic labs, collecting one-time instrument revenue plus recurring consumable and service fees. Revenue splits roughly 50/50 between Discovery and Analytical Solutions and Diagnostics, with the latter driven by reproductive health and infectious disease testing for public health customers.

Each instrument sale seeds a recurring reagent and software annuity on the installed base, while Diagnostics adds public health contract revenue, but the roughly 12% operating margin (against 57% gross) means the profit model stays exposed to pharma and biotech R&D spending cycles.

Revenue by segment (latest quarter)
Life Sciences$0.4B
Diagnostics$0.3B

Business quality (Mixed): Mixed. The 117% FCF conversion and recurring revenue mix are strong, but the 12% operating margin and one-time tariff benefit in Q2 EPS signal the profitability base is narrower than the top line suggests.

Valuation: At 77× earnings, RVTY trades 48% above the Measuring & Control Equipment average (52×).

Bull case

  • Diagnostics momentum accelerating: Management reported 11% organic growth in Diagnostics in Q2, the fastest-growing segment, which anchors the recurring public health revenue line and provides a stable base even if Life Sciences cools.
  • Cash conversion well above norm: Free cash flow conversion reached 117% of adjusted net income in Q2 (latest_call), meaning the balance sheet is generating more cash than reported earnings suggest, a positive signal for a name trading at a 77x multiple.
  • High-content screening pipeline: High-content screening posted double-digit order and organic growth in Q2 with capacity investment planned (latest_call), pointing to a future revenue uplift in the Life Sciences segment as new instruments cycle through.

Bear case

  • Signals line in sharp decline: Signals revenue fell approximately 20% year over year in Q2 (latest_call), a material drag on the Life Sciences segment and a warning that legacy product demand is eroding faster than new-line growth can replace it.
  • EPS boost was one-time: Management noted that approximately half of Q2 EPS upside came from tariff refunds (latest_call), a non-recurring item that flatters the current quarter and makes organic earnings momentum look weaker than the headline.
  • Premium valuation on modest growth: The stock trades at a P/E of 77.4x versus a 52x industry average, a 48% premium, while quarterly revenue grew only about 1% year over year, leaving little margin for error if Diagnostics or Life Sciences growth decelerates.
Valuation — source: SEC EDGAR (first-party)
Price$140.17
Market Cap$15.64B
P/E Ratio65.8
EV / EBITDA23.3
Price / Book2.16
Price / Sales5.37
Dividend Yield0.2%
FCF Yield3.6%
DCF Value (model)$48.41
DCF Upside vs Price-65.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.86B
Net Margin8.4%
Return on Equity3.3%
Debt / Equity0.44
Current Ratio1.80
Revenue Growth (YoY)1.3%
EPS Growth (YoY)2.2%
FCF Growth (YoY)56.7%
Financial Health — source: SEC EDGAR
Altman Z-Score3.03 (safe)
Valuation vs Sector & Industry
Stock P/E65.8
Sector P/E (Technology)30.8
Industry P/E (Measuring & Control Equipment)43.9
vs Sector113.6%
vs Industry50.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderT. Rowe Price Investment Management, Inc. ($2.03B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryMeasuring & Control Equipment
CEOPrahlad R. Singh
Employees11,000
CountryUS
IPO Date1965-07-06

Revvity, Inc. earnings call transcripts

  • RVTY Q2 FY26 earnings call transcript (reported 2026-08-04) · analysis
  • RVTY Q1 FY26 earnings call transcript (reported 2026-05-05) · analysis
  • RVTY Q4 FY25 earnings call transcript (reported 2026-02-02) · analysis
  • RVTY Q2 FY25 earnings call transcript (reported 2025-07-28) · analysis

All RVTY earnings calls

Related Companies (Measuring & Control Equipment; 8 comparable companies)

  • QuidelOrtho Corporation (QDEL)
  • Bio-Rad Laboratories, Inc. (BIO)
  • Agilent Technologies, Inc. (A)
  • Bruker Corporation (BRKR)
  • Bio-Techne Corp (TECH)
  • Mettler-Toledo International, Inc. (MTD)
  • Illumina, Inc. (ILMN)
  • Repligen Corporation (RGEN)
RVTY earnings history · RVTY institutional & insider holders · RVTY KPIs & operating metrics · RVTY financials · RVTY filings, presentations & press releases · RVTY investor presentations & press releases · RVTY SEC filings · RVTY peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.