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Illumina ILMN Net margin

Net margin at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
15.2%+1.0pp
Guardant Health logo
Guardant HealthGH
-40.1%-8.1pp
Natera, Inc. logo
Natera, Inc.NTRA
-14.6%+0.6pp
Agilent Technologies logo
Agilent TechnologiesA
19.6%+2.0pp
Danaher logo
DanaherDHR
14.9%-0.9pp
Abbott logo
AbbottABT
13.9%-18.0pp

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%

Returns & leverage

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Return on equity33.8%+23.9pp
Debt / equity0.8×-0.1×
Current ratio1.7×-0.1×

Where this comes from

Calculated from Illumina’s reported figures.

Based on trailing twelve months.

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 net margin?
Illumina (ILMN) reported net margin of 19.4% in Q1 2026.
How has Illumina's net margin changed year-over-year?
Illumina's net margin increased by 187.2% year-over-year, from -22.3% to 19.4%.
What is the long-term trend for Illumina's net margin?
Over 4 years (2021 to 2025), Illumina's net margin has grown at a -13.1% compound annual growth rate (CAGR), from 75.5% to 43%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.