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Side-by-side financial comparison of Agilent Technologies (A) and Avantor, Inc. (AVTR). Click either name above to swap in a different company.

Agilent Technologies is the larger business by last-quarter revenue ($1.8B vs $1.7B, roughly 1.1× Avantor, Inc.). Agilent Technologies runs the higher net margin — 17.0% vs 3.1%, a 13.8% gap on every dollar of revenue. On growth, Agilent Technologies posted the faster year-over-year revenue change (7.0% vs -1.4%). Agilent Technologies produced more free cash flow last quarter ($175.0M vs $117.2M). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs -0.5%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

Avantor, Inc. is an American biotechnology, chemicals, and pharmaceutical company headquartered in Radnor, Pennsylvania. Established in 1904 as J.T. Baker, the company changed its name to Avantor in 2010. Avantor went public in 2019 and is now listed on the New York Stock Exchange under the symbol “AVTR”.

A vs AVTR — Head-to-Head

Bigger by revenue
A
A
1.1× larger
A
$1.8B
$1.7B
AVTR
Growing faster (revenue YoY)
A
A
+8.3% gap
A
7.0%
-1.4%
AVTR
Higher net margin
A
A
13.8% more per $
A
17.0%
3.1%
AVTR
More free cash flow
A
A
$57.8M more FCF
A
$175.0M
$117.2M
AVTR
Faster 2-yr revenue CAGR
A
A
Annualised
A
6.9%
-0.5%
AVTR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
A
A
AVTR
AVTR
Revenue
$1.8B
$1.7B
Net Profit
$305.0M
$52.4M
Gross Margin
52.6%
31.5%
Operating Margin
19.6%
7.6%
Net Margin
17.0%
3.1%
Revenue YoY
7.0%
-1.4%
Net Profit YoY
-4.1%
-89.5%
EPS (diluted)
$1.07
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
A
A
AVTR
AVTR
Q1 26
$1.8B
Q4 25
$1.9B
$1.7B
Q3 25
$1.7B
$1.6B
Q2 25
$1.7B
$1.7B
Q1 25
$1.7B
$1.6B
Q4 24
$1.7B
$1.7B
Q3 24
$1.6B
$1.7B
Q2 24
$1.6B
$1.7B
Net Profit
A
A
AVTR
AVTR
Q1 26
$305.0M
Q4 25
$434.0M
$52.4M
Q3 25
$336.0M
$-711.8M
Q2 25
$215.0M
$64.7M
Q1 25
$318.0M
$64.5M
Q4 24
$351.0M
$500.4M
Q3 24
$282.0M
$57.8M
Q2 24
$308.0M
$92.9M
Gross Margin
A
A
AVTR
AVTR
Q1 26
52.6%
Q4 25
53.2%
31.5%
Q3 25
51.1%
32.4%
Q2 25
51.9%
32.9%
Q1 25
53.5%
33.8%
Q4 24
53.9%
33.4%
Q3 24
54.2%
32.9%
Q2 24
54.4%
34.1%
Operating Margin
A
A
AVTR
AVTR
Q1 26
19.6%
Q4 25
23.8%
7.6%
Q3 25
20.7%
-40.0%
Q2 25
18.0%
7.7%
Q1 25
22.4%
9.3%
Q4 24
24.0%
37.8%
Q3 24
21.1%
7.3%
Q2 24
23.1%
10.3%
Net Margin
A
A
AVTR
AVTR
Q1 26
17.0%
Q4 25
23.3%
3.1%
Q3 25
19.3%
-43.8%
Q2 25
12.9%
3.8%
Q1 25
18.9%
4.1%
Q4 24
20.6%
29.7%
Q3 24
17.9%
3.4%
Q2 24
19.6%
5.5%
EPS (diluted)
A
A
AVTR
AVTR
Q1 26
$1.07
Q4 25
$1.53
$0.08
Q3 25
$1.18
$-1.04
Q2 25
$0.75
$0.09
Q1 25
$1.11
$0.09
Q4 24
$1.23
$0.73
Q3 24
$0.97
$0.08
Q2 24
$1.05
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
A
A
AVTR
AVTR
Cash + ST InvestmentsLiquidity on hand
$1.8B
$365.4M
Total DebtLower is stronger
$3.0B
$3.9B
Stockholders' EquityBook value
$6.9B
$5.6B
Total Assets
$12.8B
$11.8B
Debt / EquityLower = less leverage
0.44×
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
AVTR
AVTR
Q1 26
$1.8B
Q4 25
$1.8B
$365.4M
Q3 25
$1.5B
$251.9M
Q2 25
$1.5B
$449.4M
Q1 25
$1.5B
$315.7M
Q4 24
$1.3B
$261.9M
Q3 24
$1.8B
$285.3M
Q2 24
$1.7B
$272.6M
Total Debt
A
A
AVTR
AVTR
Q1 26
$3.0B
Q4 25
$3.0B
$3.9B
Q3 25
$3.4B
$3.9B
Q2 25
$3.3B
$4.2B
Q1 25
$3.3B
$4.1B
Q4 24
$3.3B
$4.1B
Q3 24
$2.1B
$4.9B
Q2 24
$2.1B
$5.1B
Stockholders' Equity
A
A
AVTR
AVTR
Q1 26
$6.9B
Q4 25
$6.7B
$5.6B
Q3 25
$6.4B
$5.6B
Q2 25
$6.1B
$6.3B
Q1 25
$6.0B
$6.1B
Q4 24
$5.9B
$6.0B
Q3 24
$5.9B
$5.6B
Q2 24
$6.2B
$5.4B
Total Assets
A
A
AVTR
AVTR
Q1 26
$12.8B
Q4 25
$12.7B
$11.8B
Q3 25
$12.2B
$11.7B
Q2 25
$12.2B
$12.8B
Q1 25
$11.9B
$12.3B
Q4 24
$11.8B
$12.1B
Q3 24
$11.0B
$12.8B
Q2 24
$10.9B
$12.7B
Debt / Equity
A
A
AVTR
AVTR
Q1 26
0.44×
Q4 25
0.45×
0.71×
Q3 25
0.53×
0.69×
Q2 25
0.55×
0.67×
Q1 25
0.56×
0.67×
Q4 24
0.57×
0.68×
Q3 24
0.36×
0.89×
Q2 24
0.34×
0.94×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
A
A
AVTR
AVTR
Operating Cash FlowLast quarter
$268.0M
$152.7M
Free Cash FlowOCF − Capex
$175.0M
$117.2M
FCF MarginFCF / Revenue
9.7%
7.0%
Capex IntensityCapex / Revenue
5.2%
2.1%
Cash ConversionOCF / Net Profit
0.88×
2.91×
TTM Free Cash FlowTrailing 4 quarters
$993.0M
$495.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
AVTR
AVTR
Q1 26
$268.0M
Q4 25
$545.0M
$152.7M
Q3 25
$362.0M
$207.4M
Q2 25
$221.0M
$154.4M
Q1 25
$431.0M
$109.3M
Q4 24
$481.0M
$173.3M
Q3 24
$452.0M
$244.8M
Q2 24
$333.0M
$281.1M
Free Cash Flow
A
A
AVTR
AVTR
Q1 26
$175.0M
Q4 25
$452.0M
$117.2M
Q3 25
$259.0M
$171.7M
Q2 25
$107.0M
$124.8M
Q1 25
$334.0M
$81.3M
Q4 24
$388.0M
$145.8M
Q3 24
$360.0M
$204.0M
Q2 24
$230.0M
$235.3M
FCF Margin
A
A
AVTR
AVTR
Q1 26
9.7%
Q4 25
24.3%
7.0%
Q3 25
14.9%
10.6%
Q2 25
6.4%
7.4%
Q1 25
19.9%
5.1%
Q4 24
22.8%
8.6%
Q3 24
22.8%
11.9%
Q2 24
14.6%
13.8%
Capex Intensity
A
A
AVTR
AVTR
Q1 26
5.2%
Q4 25
5.0%
2.1%
Q3 25
5.9%
2.2%
Q2 25
6.8%
1.8%
Q1 25
5.8%
1.8%
Q4 24
5.5%
1.6%
Q3 24
5.8%
2.4%
Q2 24
6.5%
2.7%
Cash Conversion
A
A
AVTR
AVTR
Q1 26
0.88×
Q4 25
1.26×
2.91×
Q3 25
1.08×
Q2 25
1.03×
2.39×
Q1 25
1.36×
1.69×
Q4 24
1.37×
0.35×
Q3 24
1.60×
4.24×
Q2 24
1.08×
3.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

AVTR
AVTR

Laboratory Solutions Segment$1.1B67%
Bioscience Production Segment$547.5M33%

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