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Illumina ILMN Current ratio

Current ratio at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
1.5×-0.2×
Guardant Health logo
Guardant HealthGH
4.7×+0.6×
Natera, Inc. logo
Natera, Inc.NTRA
-0.9×
Agilent Technologies logo
Agilent TechnologiesA
2.1×0.0×
Danaher logo
DanaherDHR
1.9×+0.4×
Abbott logo
AbbottABT
1.4×-0.4×

Other financials

Income statement

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Revenue$1.1B+4.8%
Gross profit$721.0M+5.6%
Operating income$209.0M+27.4%
Net income$134.0M+2.3%
EPS (diluted)$0.87+6.1%

Balance sheet

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Cash & equivalents$1.1B-2.2%
Total debt$2.0B-3.0%
Total equity$2.7B+13.0%
Total assets$6.6B+6.1%

Cash flow

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Operating cash flow$289.0M+20.4%
CapEx$38.0M+18.8%
Free cash flow$251.0M+20.7%

Valuation

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Market cap$24.07B+50.0%
Enterprise value$25.03B+46.0%
P/E28.2×
P/S5.5×+1.8×

Profitability

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Gross margin66.2%-0.1pp
Operating margin19.4%
Net margin19.4%+12.7pp

Returns & leverage

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Return on equity33.8%+23.9pp
Debt / equity0.8×-0.1×

Where this comes from

Calculated from Illumina’s reported figures.

Based on the most recent quarter.

The official record: Illumina’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Illumina's current ratio?
Illumina (ILMN) reported current ratio of 1.7× in Q1 2026.
How has Illumina's current ratio changed year-over-year?
Illumina's current ratio decreased by 5.8% year-over-year, from 1.9× to 1.7×.
What is the long-term trend for Illumina's current ratio?
Over 4 years (2021 to 2025), Illumina's current ratio has grown at a -17.8% compound annual growth rate (CAGR), from 15.7× to 7.2×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.