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Side-by-side financial comparison of Azenta, Inc. (AZTA) and REPLIGEN CORP (RGEN). Click either name above to swap in a different company.

REPLIGEN CORP is the larger business by last-quarter revenue ($197.9M vs $148.6M, roughly 1.3× Azenta, Inc.). REPLIGEN CORP runs the higher net margin — 6.7% vs -10.4%, a 17.1% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs 0.8%). REPLIGEN CORP produced more free cash flow last quarter ($17.6M vs $14.7M). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% 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.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

AZTA vs RGEN — Head-to-Head

Bigger by revenue
RGEN
RGEN
1.3× larger
RGEN
$197.9M
$148.6M
AZTA
Growing faster (revenue YoY)
RGEN
RGEN
+12.9% gap
RGEN
13.6%
0.8%
AZTA
Higher net margin
RGEN
RGEN
17.1% more per $
RGEN
6.7%
-10.4%
AZTA
More free cash flow
RGEN
RGEN
$2.9M more FCF
RGEN
$17.6M
$14.7M
AZTA
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
4.4%
AZTA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AZTA
AZTA
RGEN
RGEN
Revenue
$148.6M
$197.9M
Net Profit
$-15.4M
$13.3M
Gross Margin
42.9%
52.5%
Operating Margin
-4.9%
9.0%
Net Margin
-10.4%
6.7%
Revenue YoY
0.8%
13.6%
Net Profit YoY
-15.7%
143.9%
EPS (diluted)
$-0.34
$0.24

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
RGEN
RGEN
Q4 25
$148.6M
$197.9M
Q3 25
$159.2M
$188.8M
Q2 25
$143.9M
$182.4M
Q1 25
$143.3M
$169.2M
Q4 24
$147.4M
$174.1M
Q3 24
$150.6M
$154.9M
Q2 24
$144.3M
$154.1M
Q1 24
$136.4M
$151.3M
Net Profit
AZTA
AZTA
RGEN
RGEN
Q4 25
$-15.4M
$13.3M
Q3 25
$50.9M
$14.9M
Q2 25
$-48.0M
$14.9M
Q1 25
$-47.7M
$5.8M
Q4 24
$-11.0M
$-30.3M
Q3 24
$-6.6M
$-654.0K
Q2 24
$-6.6M
$3.3M
Q1 24
$-137.4M
$2.1M
Gross Margin
AZTA
AZTA
RGEN
RGEN
Q4 25
42.9%
52.5%
Q3 25
45.4%
53.2%
Q2 25
46.2%
50.0%
Q1 25
43.8%
53.6%
Q4 24
46.7%
26.1%
Q3 24
45.5%
50.0%
Q2 24
44.8%
49.8%
Q1 24
43.8%
49.5%
Operating Margin
AZTA
AZTA
RGEN
RGEN
Q4 25
-4.9%
9.0%
Q3 25
1.2%
8.9%
Q2 25
-1.3%
7.6%
Q1 25
-12.7%
3.9%
Q4 24
-5.9%
-17.7%
Q3 24
-3.1%
-5.1%
Q2 24
-4.9%
1.0%
Q1 24
-18.1%
1.3%
Net Margin
AZTA
AZTA
RGEN
RGEN
Q4 25
-10.4%
6.7%
Q3 25
32.0%
7.9%
Q2 25
-33.4%
8.2%
Q1 25
-33.3%
3.4%
Q4 24
-7.5%
-17.4%
Q3 24
-4.4%
-0.4%
Q2 24
-4.5%
2.2%
Q1 24
-100.8%
1.4%
EPS (diluted)
AZTA
AZTA
RGEN
RGEN
Q4 25
$-0.34
$0.24
Q3 25
$1.12
$0.26
Q2 25
$-1.05
$0.26
Q1 25
$-1.04
$0.10
Q4 24
$-0.25
$-0.55
Q3 24
$-0.25
$-0.01
Q2 24
$-0.12
$0.06
Q1 24
$-2.48
$0.04

Balance Sheet & Financial Strength

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

Metric
AZTA
AZTA
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$336.6M
$767.6M
Total DebtLower is stronger
$542.2M
Stockholders' EquityBook value
$1.7B
$2.1B
Total Assets
$2.1B
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AZTA
AZTA
RGEN
RGEN
Q4 25
$336.6M
$767.6M
Q3 25
$279.8M
$748.7M
Q2 25
$270.0M
$708.9M
Q1 25
$253.6M
$697.2M
Q4 24
$377.5M
$757.4M
Q3 24
$280.0M
$784.0M
Q2 24
$336.5M
$809.1M
Q1 24
$353.5M
$780.6M
Total Debt
AZTA
AZTA
RGEN
RGEN
Q4 25
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$525.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AZTA
AZTA
RGEN
RGEN
Q4 25
$1.7B
$2.1B
Q3 25
$1.7B
$2.1B
Q2 25
$1.7B
$2.1B
Q1 25
$1.7B
$2.0B
Q4 24
$1.7B
$2.0B
Q3 24
$1.8B
$2.0B
Q2 24
$2.0B
$2.0B
Q1 24
$2.2B
$2.0B
Total Assets
AZTA
AZTA
RGEN
RGEN
Q4 25
$2.1B
$2.9B
Q3 25
$2.1B
$2.9B
Q2 25
$2.0B
$2.9B
Q1 25
$2.0B
$2.9B
Q4 24
$2.0B
$2.8B
Q3 24
$2.1B
$2.8B
Q2 24
$2.3B
$2.9B
Q1 24
$2.6B
$2.8B
Debt / Equity
AZTA
AZTA
RGEN
RGEN
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
0.27×
Q3 24
Q2 24
Q1 24

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
RGEN
RGEN
Operating Cash FlowLast quarter
$20.8M
$25.7M
Free Cash FlowOCF − Capex
$14.7M
$17.6M
FCF MarginFCF / Revenue
9.9%
8.9%
Capex IntensityCapex / Revenue
4.2%
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$30.9M
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AZTA
AZTA
RGEN
RGEN
Q4 25
$20.8M
$25.7M
Q3 25
$2.2M
$48.1M
Q2 25
$25.8M
$28.6M
Q1 25
$14.4M
$15.0M
Q4 24
$29.8M
$39.2M
Q3 24
$17.7M
$49.3M
Q2 24
$9.8M
$42.2M
Q1 24
$8.7M
$44.7M
Free Cash Flow
AZTA
AZTA
RGEN
RGEN
Q4 25
$14.7M
$17.6M
Q3 25
$-5.7M
$43.4M
Q2 25
$15.0M
$21.5M
Q1 25
$7.0M
$11.4M
Q4 24
$22.0M
$33.6M
Q3 24
$8.3M
$42.3M
Q2 24
$1.3M
$37.4M
Q1 24
$428.0K
$36.4M
FCF Margin
AZTA
AZTA
RGEN
RGEN
Q4 25
9.9%
8.9%
Q3 25
-3.6%
23.0%
Q2 25
10.4%
11.8%
Q1 25
4.9%
6.8%
Q4 24
15.0%
19.3%
Q3 24
5.5%
27.3%
Q2 24
0.9%
24.3%
Q1 24
0.3%
24.0%
Capex Intensity
AZTA
AZTA
RGEN
RGEN
Q4 25
4.2%
4.1%
Q3 25
4.9%
2.5%
Q2 25
7.5%
3.9%
Q1 25
5.2%
2.1%
Q4 24
5.3%
3.2%
Q3 24
6.2%
4.5%
Q2 24
5.9%
3.1%
Q1 24
6.1%
5.5%
Cash Conversion
AZTA
AZTA
RGEN
RGEN
Q4 25
1.93×
Q3 25
0.04×
3.23×
Q2 25
1.92×
Q1 25
2.57×
Q4 24
Q3 24
Q2 24
12.70×
Q1 24
21.35×

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%

RGEN
RGEN

Segment breakdown not available.

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