Agilent Technologies (A) financial statements
Agilent Technologies reported revenue of $6.9B in fiscal 2025, up 5.7% a year over 9 years.
Net income was $1.3B and the operating margin 21.3%, against 14.6% in 2016.
Free cash flow was $1.2B, and the company returned $282M in dividends and $425M in net buybacks.
The diluted share count fell 13% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Agilent Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2B | $4.5B | $4.9B | $5.2B | $5.3B | $6.3B | $6.8B | $6.8B | $6.5B | $6.9B |
| Cost of revenue | $2.0B | $2.1B | $2.2B | $2.4B | $2.5B | $2.9B | $3.1B | $3.4B | $3.0B | $3.3B |
| Gross profit | $2.2B | $2.4B | $2.7B | $2.8B | $2.8B | $3.4B | $3.7B | $3.5B | $3.5B | $3.6B |
| Research and development | $329M | $341M | $387M | $404M | $495M | $441M | $467M | $481M | $479M | $455M |
| Selling, general and admin | $1.3B | $1.3B | $1.4B | $1.5B | $1.5B | $1.6B | $1.6B | $1.6B | $1.6B | $1.7B |
| Operating income | $615M | $807M | $904M | $941M | $846M | $1.3B | $1.6B | $1.4B | $1.5B | $1.5B |
| Interest expense | $72M | $79M | $75M | $74M | $78M | $81M | $84M | $95M | $96M | $112M |
| Pre-tax income | $544M | $803M | $946M | $919M | $842M | $1.4B | $1.5B | $1.3B | $1.5B | $1.4B |
| Income tax | $82M | $119M | $630M | -$152M | $123M | $150M | $250M | $99M | $232M | $132M |
| Net income | $462M | $684M | $316M | $1.1B | $719M | $1.2B | $1.3B | $1.2B | $1.3B | $1.3B |
| EPS (diluted) | $1.40 | $2.10 | $0.97 | $3.37 | $2.30 | $3.94 | $4.18 | $4.19 | $4.43 | $4.57 |
| Diluted shares | 329M | 326M | 325M | 318M | 312M | 307M | 300M | 296M | 291M | 285M |
| Gross margin | 52.3% | 53.9% | 54.5% | 54.3% | 53.1% | 53.9% | 54.4% | 50.7% | 54.3% | 52.4% |
| Operating margin | 14.6% | 18.0% | 18.4% | 18.2% | 15.8% | 21.3% | 23.6% | 19.8% | 22.9% | 21.3% |
| Net margin | 11.0% | 15.3% | 6.4% | 20.7% | 13.5% | 19.1% | 18.3% | 18.1% | 19.8% | 18.8% |
Balance sheet
Fiscal years, from Agilent Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.3B | $2.7B | $2.2B | $1.4B | $1.4B | $1.5B | $1.1B | $1.6B | $1.3B | $1.8B |
| Receivables | $631M | $724M | $776M | $930M | $1.0B | $1.2B | $1.4B | $1.3B | $1.3B | $1.5B |
| Inventory | $533M | $575M | $638M | $679M | $720M | $830M | $1.0B | $1.0B | $972M | $1.0B |
| Total current assets | $3.6B | $4.2B | $3.8B | $3.2B | $3.4B | $3.8B | $3.8B | $4.2B | $4.0B | $4.6B |
| Property, plant and equipment | $639M | $757M | $822M | $850M | $845M | $945M | $1.1B | $1.3B | $1.8B | $2.0B |
| Goodwill | $2.5B | $2.6B | $3.0B | $3.6B | $3.6B | $4.0B | $4.0B | $4.0B | $4.5B | $4.5B |
| Total assets | $7.8B | $8.4B | $8.5B | $9.5B | $9.6B | $10.7B | $10.5B | $10.8B | $11.8B | $12.7B |
| Total current liabilities | $945M | $1.3B | $1.2B | $2.1B | $1.5B | $1.7B | $1.9B | $1.6B | $1.9B | $2.3B |
| Long-term debt | $1.9B | $1.8B | $1.8B | $1.8B | $2.3B | $2.7B | — | — | — | — |
| Total liabilities | $3.5B | $3.6B | $4.0B | $4.7B | $4.8B | $5.3B | $5.2B | $4.9B | $5.9B | $6.0B |
| Shareholders' equity | $4.2B | $4.8B | $4.6B | $4.7B | $4.9B | $5.4B | $5.3B | $5.8B | $5.9B | $6.7B |
| Net debt | -$385M | -$877M | -$448M | $409M | $843M | $1.2B | -$1.1B | -$1.6B | -$1.3B | -$1.8B |
Cash flow
Fiscal years, from Agilent Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $793M | $889M | $1.1B | $1.0B | $921M | $1.5B | $1.3B | $1.8B | $1.8B | $1.6B |
| Capital spending | $139M | $176M | $177M | $155M | $119M | $188M | $291M | $298M | $378M | $407M |
| Free cash flow | $654M | $713M | $910M | $866M | $802M | $1.3B | $1.0B | $1.5B | $1.4B | $1.2B |
| Stock-based compensation | $58M | $60M | $70M | $72M | $83M | $110M | $125M | $111M | $129M | $128M |
| Dividends paid | $150M | $170M | $191M | $206M | $222M | $236M | $250M | $265M | $274M | $282M |
| Share buybacks (net) | -$434M | -$194M | -$422M | -$723M | -$469M | -$788M | -$1.1B | -$575M | -$1.1B | -$425M |
| Net borrowing | — | — | — | — | — | $356M | $26M | -$35M | $637M | -$41M |
| Free cash flow margin | 15.6% | 15.9% | 18.5% | 16.8% | 15.0% | 20.5% | 14.9% | 21.6% | 21.1% | 16.6% |
| Dividends per share | $0.46 | $0.52 | $0.59 | $0.65 | $0.71 | $0.77 | $0.83 | $0.90 | $0.94 | $0.99 |
Questions
What was Agilent Technologies's revenue in 2025?
$6.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Agilent Technologies generate?
$1.2B in fiscal 2025 (operating cash flow minus capital spending).
From Agilent Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.