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Side-by-side financial comparison of Azenta, Inc. (AZTA) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

Azenta, Inc. is the larger business by last-quarter revenue ($148.6M vs $75.5M, roughly 2.0× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 0.8%). Azenta, Inc. produced more free cash flow last quarter ($14.7M vs $14.4M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 4.4%).

Azenta, was founded in 1978, and is based in Chelmsford, Massachusetts, United States. The company is a provider of life sciences services including genomics, cryogenic storage, automation, and informatics.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

AZTA vs PBYI — Head-to-Head

Bigger by revenue
AZTA
AZTA
2.0× larger
AZTA
$148.6M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+27.0% gap
PBYI
27.7%
0.8%
AZTA
More free cash flow
AZTA
AZTA
$272.0K more FCF
AZTA
$14.7M
$14.4M
PBYI
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
4.4%
AZTA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AZTA
AZTA
PBYI
PBYI
Revenue
$148.6M
$75.5M
Net Profit
$-15.4M
Gross Margin
42.9%
69.3%
Operating Margin
-4.9%
22.7%
Net Margin
-10.4%
Revenue YoY
0.8%
27.7%
Net Profit YoY
-15.7%
EPS (diluted)
$-0.34
$0.26

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
AZTA
AZTA
PBYI
PBYI
Q4 25
$148.6M
$75.5M
Q3 25
$159.2M
$54.5M
Q2 25
$143.9M
$52.4M
Q1 25
$143.3M
$46.0M
Q4 24
$147.4M
$59.1M
Q3 24
$150.6M
$80.5M
Q2 24
$144.3M
$47.1M
Q1 24
$136.4M
$43.8M
Net Profit
AZTA
AZTA
PBYI
PBYI
Q4 25
$-15.4M
Q3 25
$50.9M
$8.8M
Q2 25
$-48.0M
$5.9M
Q1 25
$-47.7M
$3.0M
Q4 24
$-11.0M
Q3 24
$-6.6M
$20.3M
Q2 24
$-6.6M
$-4.5M
Q1 24
$-137.4M
$-4.8M
Gross Margin
AZTA
AZTA
PBYI
PBYI
Q4 25
42.9%
69.3%
Q3 25
45.4%
77.7%
Q2 25
46.2%
76.5%
Q1 25
43.8%
77.1%
Q4 24
46.7%
76.4%
Q3 24
45.5%
63.9%
Q2 24
44.8%
77.4%
Q1 24
43.8%
75.5%
Operating Margin
AZTA
AZTA
PBYI
PBYI
Q4 25
-4.9%
22.7%
Q3 25
1.2%
17.6%
Q2 25
-1.3%
12.7%
Q1 25
-12.7%
8.7%
Q4 24
-5.9%
22.6%
Q3 24
-3.1%
27.4%
Q2 24
-4.9%
-4.6%
Q1 24
-18.1%
-5.3%
Net Margin
AZTA
AZTA
PBYI
PBYI
Q4 25
-10.4%
Q3 25
32.0%
16.2%
Q2 25
-33.4%
11.2%
Q1 25
-33.3%
6.5%
Q4 24
-7.5%
Q3 24
-4.4%
25.2%
Q2 24
-4.5%
-9.6%
Q1 24
-100.8%
-11.0%
EPS (diluted)
AZTA
AZTA
PBYI
PBYI
Q4 25
$-0.34
$0.26
Q3 25
$1.12
$0.17
Q2 25
$-1.05
$0.12
Q1 25
$-1.04
$0.06
Q4 24
$-0.25
$0.40
Q3 24
$-0.25
$0.41
Q2 24
$-0.12
$-0.09
Q1 24
$-2.48
$-0.10

Balance Sheet & Financial Strength

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

Metric
AZTA
AZTA
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$336.6M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$1.7B
$130.3M
Total Assets
$2.1B
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AZTA
AZTA
PBYI
PBYI
Q4 25
$336.6M
$97.5M
Q3 25
$279.8M
$94.4M
Q2 25
$270.0M
$96.0M
Q1 25
$253.6M
$93.2M
Q4 24
$377.5M
$101.0M
Q3 24
$280.0M
$96.7M
Q2 24
$336.5M
$96.8M
Q1 24
$353.5M
$107.2M
Total Debt
AZTA
AZTA
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
AZTA
AZTA
PBYI
PBYI
Q4 25
$1.7B
$130.3M
Q3 25
$1.7B
$115.3M
Q2 25
$1.7B
$104.7M
Q1 25
$1.7B
$97.1M
Q4 24
$1.7B
$92.1M
Q3 24
$1.8B
$71.1M
Q2 24
$2.0B
$48.5M
Q1 24
$2.2B
$51.0M
Total Assets
AZTA
AZTA
PBYI
PBYI
Q4 25
$2.1B
$216.3M
Q3 25
$2.1B
$202.9M
Q2 25
$2.0B
$194.9M
Q1 25
$2.0B
$196.2M
Q4 24
$2.0B
$213.3M
Q3 24
$2.1B
$220.7M
Q2 24
$2.3B
$205.0M
Q1 24
$2.6B
$214.1M
Debt / Equity
AZTA
AZTA
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

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

Metric
AZTA
AZTA
PBYI
PBYI
Operating Cash FlowLast quarter
$20.8M
$14.4M
Free Cash FlowOCF − Capex
$14.7M
$14.4M
FCF MarginFCF / Revenue
9.9%
19.1%
Capex IntensityCapex / Revenue
4.2%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$30.9M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AZTA
AZTA
PBYI
PBYI
Q4 25
$20.8M
$14.4M
Q3 25
$2.2M
$9.7M
Q2 25
$25.8M
$14.1M
Q1 25
$14.4M
$3.6M
Q4 24
$29.8M
$15.6M
Q3 24
$17.7M
$11.0M
Q2 24
$9.8M
$1.0M
Q1 24
$8.7M
$11.2M
Free Cash Flow
AZTA
AZTA
PBYI
PBYI
Q4 25
$14.7M
$14.4M
Q3 25
$-5.7M
$9.7M
Q2 25
$15.0M
$14.1M
Q1 25
$7.0M
$3.6M
Q4 24
$22.0M
$15.6M
Q3 24
$8.3M
$11.0M
Q2 24
$1.3M
$1.0M
Q1 24
$428.0K
FCF Margin
AZTA
AZTA
PBYI
PBYI
Q4 25
9.9%
19.1%
Q3 25
-3.6%
17.7%
Q2 25
10.4%
26.8%
Q1 25
4.9%
7.7%
Q4 24
15.0%
26.4%
Q3 24
5.5%
13.7%
Q2 24
0.9%
2.1%
Q1 24
0.3%
Capex Intensity
AZTA
AZTA
PBYI
PBYI
Q4 25
4.2%
0.0%
Q3 25
4.9%
0.0%
Q2 25
7.5%
0.0%
Q1 25
5.2%
0.1%
Q4 24
5.3%
0.0%
Q3 24
6.2%
0.0%
Q2 24
5.9%
0.0%
Q1 24
6.1%
0.0%
Cash Conversion
AZTA
AZTA
PBYI
PBYI
Q4 25
Q3 25
0.04×
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AZTA
AZTA

Multiomics$67.2M45%
Core Products$47.6M32%
Sample Repository Solutions$33.8M23%

PBYI
PBYI

Segment breakdown not available.

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