Fundamental analysis · SEC EDGAR · TTM through 29/03/2026

Fundamental analysis of Illumina, Inc.

ILMN · Nasdaq · Laboratory Analytical Instruments

Fundamental quality

REASONABLE

70

out of 100

Breakdown by area

I.GrowthRevenue growth: -1.3%
25
II.ProfitabilityNet margin: 19.4% · ROE: 31.9%
89
III.Financial healthNet debt/EBITDA: 0.03x · FCF: 22.2%
95

Source: SEC EDGAR · TTM through 29/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • High gross margin (66.2%), pointing to pricing power.
  • Strong return on equity (ROE of 31.9%).
  • Strong free-cash-flow generation (FCF margin of 22.2%).
  • Low leverage (net debt of 0.03× EBITDA).

Risks and weaknesses

  • Declining revenue (-1.3% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2022$4,526M$762M$337M
2023$4,584M-$4,404M$106M
2023$4,504M-$1,161M$283M
2024$4,372M-$1,223M$709M
2025$4,343M$850M$931M

Between 2022 and 2025, revenue went from $4,526M to $4,343M (-4%) and net income went from $762M to $850M (+12%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Illumina, Inc. a profitable company?

Yes. Illumina, Inc. shows a net margin of 19.4% and an ROE of 31.9%, a sign of a profitable business.

Does Illumina, Inc. have a lot of debt?

Not particularly. Its net debt is 0.03 times its EBITDA, a low level.

Is Illumina, Inc. growing?

Its revenue has fallen 1.3% annualized in recent years.

Does Illumina, Inc. generate cash?

Yes. It converts about 22.2% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Illumina, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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