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Illumina ILMN Price / book

Price / book at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
3.5×-0.3×
Guardant Health logo
Guardant HealthGH
36.8×
Natera, Inc. logo
Natera, Inc.NTRA
16×+0.6×
Agilent Technologies logo
Agilent TechnologiesA
4.6×-0.4×
Danaher logo
DanaherDHR
2.5×-0.4×
Abbott logo
AbbottABT
3.4×-1.3×

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×
Current ratio1.7×-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 price / book?
Illumina (ILMN) reported price / book of 7× in Q1 2026.
How has Illumina's price / book changed year-over-year?
Illumina's price / book increased by 32.7% year-over-year, from 5.3× to 7×.
What is the long-term trend for Illumina's price / book?
Over 4 years (2021 to 2025), Illumina's price / book has grown at a -9.7% compound annual growth rate (CAGR), from 38× to 25.2×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.