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Mesa Laboratories
(NASDAQ:MLAB)
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Rating:61Neutral
Price Target:
$134.00
▲(5.22% Upside)
Action:Reiterated
Date:08/11/26
MLAB scores as moderate overall, led by strong cash generation and improving leverage, supported by a mildly positive technical setup. The biggest constraints are still-thin and historically volatile profitability plus a very high P/E valuation, and the earnings call highlighted ongoing execution risk in SDC alongside deferred full-year guidance.
Positive Factors
Recurring demand from regulated quality-control markets
Mesa serves regulated healthcare, pharmaceutical and laboratory workflows where testing, documentation and recalibration are mandatory. This supports repeat consumables and service revenue, creating a durable base that is less dependent on discretionary customer spending.
Negative Factors
Thin and historically volatile profitability
Despite strong gross margins and positive operating profitability, limited bottom-line earnings leave less protection against cost, currency or demand shocks. Historical losses and modest returns also show that converting the company’s revenue base into durable shareholder returns remains unfinished.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring demand from regulated quality-control markets
Mesa serves regulated healthcare, pharmaceutical and laboratory workflows where testing, documentation and recalibration are mandatory. This supports repeat consumables and service revenue, creating a durable base that is less dependent on discretionary customer spending.
Read all positive factors
Mesa Laboratories Key Performance Indicators (KPIs)
Mesa Laboratories (MLAB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$712.63M
Dividend Yield0.5%
Average Volume (3M)148.03K
Price to Earnings (P/E)147.8
Beta (1Y)1.14
Revenue Growth3.04%
EPS GrowthN/A
CountryUS
Employees717
SectorTechnology
Sector Strength88
IndustryMedical - Specialties
Share Statistics
EPS (TTM)0.86
Shares Outstanding5,595,869
10 Day Avg. Volume101,777
30 Day Avg. Volume148,032
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)2.62
Price to Sales (P/S)1.96
P/FCF Ratio12.32
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)10.19
Revenue Forecast (FY)$255.37M
Mesa Laboratories Business Overview & Revenue Model
Company Description
Mesa Laboratories, Inc. develops, designs, manufactures, sells, and services life sciences tools and quality control products and services in North America, Europe, the Asia Pacific, and internationally. The Sterilization and Disinfection Control ...
How the Company Makes Money
Mesa Laboratories makes money by selling specialized consumable products, instruments, and services used to validate, monitor, and document critical processes in regulated environments.
Key revenue streams include:
1) Sterilization & Disinfection...
Mesa Laboratories Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call balanced clear operational progress and improving financial metrics (modest revenue growth, margin expansion, AOI improvement, strong cash flow and debt reduction) with material execution challenges in SDC (quarterly revenue decline, delivery reliability and backlog volatility) and some non-operating volatility from currency impacts. Management presented a concrete remediation plan (operations focus, R&D reprioritization for Gyrolab, new commercial leadership in BPD) and committed to delivering full-year guidance in November, suggesting confidence in a fixable path forward.Positive Updates
Modest Revenue Growth in Q1
Total revenues of $60.1M in Q1, up 1% YoY; non-GAAP organic revenue growth 1%, core organic growth 0.4% (excluding a 60 bp currency tailwind).
Negative Updates
SDC Quarterly Revenue Decline and Delivery Reliability
Sterilization & Disinfection Controls (SDC) reported organic revenue down 3.6% YoY in the quarter due to delivery reliability issues (missed promised ship dates) rather than demand; SDC represented 41% of revenues this quarter.
Read all updates
Q1-2027 Updates
Positive
Negative
Modest Revenue Growth in Q1
Total revenues of $60.1M in Q1, up 1% YoY; non-GAAP organic revenue growth 1%, core organic growth 0.4% (excluding a 60 bp currency tailwind).
Read all positive updates
Company Guidance
Mesa deferred full‑year fiscal 2027 guidance to its November earnings call alongside first‑half results, saying Q1 trends are consistent with its internal plan and that the company returned to organic growth in Q1 (total revenues $60.1M, organic growth 1%, core organic ex‑currency 0.4%). Management will continue deleveraging — Q1 saw an $8.7M debt paydown that brought net leverage to 1.85x with a target range of 1.5–1.75x by year‑end — while maintaining liquidity ($30.7M cash) and strong operating cash flow ($14.7M in Q1, up $12.8M YoY). They plan to redeploy a portion of operating leverage into higher‑return businesses rather than pursue large M&A, noting trailing 12‑month adjusted operating income (ex‑unusual items) of ~ $66M (up ~$2.5M) and Q1 adjusted operating income of $15M (25.6% of revenues, $2.61/diluted share; $15.4M excluding a $382k legal settlement); full‑year revenue and market assumptions will be provided in November.Mesa Laboratories Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
58
Neutral
Cash Flow
76
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 249.72M | 249.13M | 240.98M | 216.19M | 219.08M | 184.34M |
| Gross Profit | 164.79M | 158.27M | 150.87M | 133.25M | 133.69M | 109.09M |
| EBITDA | 40.58M | 35.28M | 42.35M | -238.38M | 37.52M | 32.53M |
| Net Income | 4.80M | 6.71M | -1.97M | -254.25M | 930.00K | 1.87M |
Balance Sheet | ||||||
| Total Assets | 419.22M | 427.75M | 433.35M | 446.80M | 661.83M | 707.37M |
| Cash, Cash Equivalents and Short-Term Investments | 30.70M | 26.93M | 27.32M | 28.21M | 32.91M | 49.35M |
| Total Debt | 101.36M | 168.83M | 181.47M | 231.30M | 186.14M | 221.13M |
| Total Liabilities | 230.46M | 241.50M | 273.52M | 301.40M | 268.35M | 313.57M |
| Stockholders Equity | 188.76M | 186.25M | 159.83M | 145.39M | 393.48M | 393.80M |
Cash Flow | ||||||
| Free Cash Flow | 56.12M | 39.58M | 42.31M | 41.57M | 23.44M | 34.79M |
| Operating Cash Flow | 55.67M | 42.83M | 46.81M | 44.13M | 27.98M | 39.22M |
| Investing Cash Flow | -2.80M | -3.25M | -4.50M | -81.31M | -9.49M | -305.23M |
| Financing Cash Flow | -43.92M | -41.85M | -44.51M | 32.84M | -33.33M | 52.58M |
Mesa Laboratories Technical Analysis
Positive
127.35
Price Trends
102.96
Positive
102.34
Positive
92.61
Positive
Market Momentum
6.63
Negative
72.81
Negative
94.59
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MLAB, the sentiment is Positive. The current price of 127.35 is above the 20-day moving average (MA) of 110.83, above the 50-day MA of 102.96, and above the 200-day MA of 92.61, indicating a bullish trend. The MACD of 6.63 indicates Negative momentum. The RSI at 72.81 is Negative, neither overbought nor oversold. The STOCH value of 94.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MLAB.
Mesa Laboratories Risk Analysis
Mesa Laboratories disclosed 47 risk factors in its most recent earnings report. Mesa Laboratories reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mesa Laboratories Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $758.11M | 29.24 | 7.51% | 0.86% | 20.23% | -15.15% | |
65 Neutral | $923.12M | 20.93 | 15.49% | ― | 10.87% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $712.63M | 147.85 | 2.59% | 0.66% | 3.04% | ― | |
60 Neutral | $244.43M | 39.31 | 3.98% | 1.30% | 9.41% | ― | |
54 Neutral | $915.12M | -26.53 | -41.18% | ― | 86.66% | -97.48% | |
54 Neutral | $858.50M | 213.53 | 1.08% | ― | 11.28% | ― |
* Technology Sector Average
MLAB
Mesa Laboratories
128.65
61.76
92.33%
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Mesa Laboratories Corporate Events
Executive/Board Changes
Mesa Laboratories Promotes Lyndsey Crennen to Chief Accounting Officer
Positive
Jun 15, 2026
On June 11, 2026, Mesa Laboratories, Inc.’s board appointed longtime company executive Lyndsey Crennen as Chief Accounting Officer, elevating her from her current role as Corporate Controller. Crennen, a Certified Public Accountant with more...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.