Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Advanced Materials. Themes include Advanced Diagnostics, Show more.

Weak multi-year price returns
2Y Excs Rtn is -94%, 3Y Excs Rtn is -123%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 73x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 45x

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.2%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.7%

Key risks
BRKR key risks include [1] a high vulnerability to shifts in academic and government research funding and [2] the continuous innovation pressures and market expansion challenges inherent to its high-end equipment business model.

0 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, Precision Medicine, and Advanced Materials. Themes include Advanced Diagnostics, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -94%, 3Y Excs Rtn is -123%
2 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 73x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 45x
3 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.2%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.7%
5 Key risks
BRKR key risks include [1] a high vulnerability to shifts in academic and government research funding and [2] the continuous innovation pressures and market expansion challenges inherent to its high-end equipment business model.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Bruker (BRKR) stock has lost about 15% since 12/31/2025 because of the following key factors:

1. Bruker's Q4 2025 earnings missed analyst expectations and revealed an organic revenue decline. The company reported non-GAAP earnings per share (EPS) of $0.59 for the fourth quarter of 2025, falling short of analyst estimates of $0.65 by 9.23%. This represented a 22.4% decrease year-over-year. Additionally, despite stable reported revenue, Bruker experienced an organic revenue decline of 5.1% in Q4 2025, which contributed to margin compression. This disappointing earnings report caused the stock to plummet 14.05% in pre-market trading on February 12, 2026.

2. The company issued a conservative financial outlook for fiscal year 2026. At the J.P. Morgan Healthcare Conference in January 2026, Bruker projected 2026 organic revenue growth to be flat to low-single digits, which led to a 6.4% stock decline on January 14, 2026. Following the Q4 2025 earnings, management's non-GAAP EPS guidance for FY2026 of $2.10-$2.15 was significantly below the analyst consensus of approximately $2.69, further contributing to investor skepticism.

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Stock Movement Drivers

Fundamental Drivers

The -15.7% change in BRKR stock from 12/31/2025 to 4/22/2026 was primarily driven by a -15.4% change in the company's P/S Multiple.
(LTM values as of)123120254222026Change
Stock Price ($)47.0439.67-15.7%
Change Contribution By: 
Total Revenues ($ Mil)3,4393,436-0.1%
P/S Multiple2.11.8-15.4%
Shares Outstanding (Mil)152152-0.2%
Cumulative Contribution-15.7%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/22/2026
ReturnCorrelation
BRKR-15.7% 
Market (SPY)-5.4%38.3%
Sector (XLV)-5.4%35.5%

Fundamental Drivers

The 22.4% change in BRKR stock from 9/30/2025 to 4/22/2026 was primarily driven by a 23.0% change in the company's P/S Multiple.
(LTM values as of)93020254222026Change
Stock Price ($)32.4139.6722.4%
Change Contribution By: 
Total Revenues ($ Mil)3,4433,436-0.2%
P/S Multiple1.41.823.0%
Shares Outstanding (Mil)152152-0.3%
Cumulative Contribution22.4%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/22/2026
ReturnCorrelation
BRKR22.4% 
Market (SPY)-2.9%34.7%
Sector (XLV)5.6%45.4%

Fundamental Drivers

The -4.4% change in BRKR stock from 3/31/2025 to 4/22/2026 was primarily driven by a -6.1% change in the company's P/S Multiple.
(LTM values as of)33120254222026Change
Stock Price ($)41.5239.67-4.4%
Change Contribution By: 
Total Revenues ($ Mil)3,3663,4362.1%
P/S Multiple1.91.8-6.1%
Shares Outstanding (Mil)152152-0.3%
Cumulative Contribution-4.4%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/22/2026
ReturnCorrelation
BRKR-4.4% 
Market (SPY)16.3%45.8%
Sector (XLV)1.6%53.6%

Fundamental Drivers

The -49.1% change in BRKR stock from 3/31/2023 to 4/22/2026 was primarily driven by a -61.2% change in the company's P/S Multiple.
(LTM values as of)33120234222026Change
Stock Price ($)77.9339.67-49.1%
Change Contribution By: 
Total Revenues ($ Mil)2,5313,43635.8%
P/S Multiple4.51.8-61.2%
Shares Outstanding (Mil)147152-3.3%
Cumulative Contribution-49.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/22/2026
ReturnCorrelation
BRKR-49.1% 
Market (SPY)63.3%39.3%
Sector (XLV)18.4%47.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BRKR Return55%-18%8%-20%-19%-15%-25%
Peers Return44%-16%-7%2%1%-10%4%
S&P 500 Return27%-19%24%23%16%3%88%

Monthly Win Rates [3]
BRKR Win Rate92%58%50%50%25%25% 
Peers Win Rate82%42%47%45%47%30% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
BRKR Max Drawdown-2%-42%-19%-34%-50%-30% 
Peers Max Drawdown-6%-31%-29%-8%-25%-20% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TMO, DHR, A, WAT, RVTY. See BRKR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)

How Low Can It Go

Unique KeyEventBRKRS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-46.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven86.8%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven528 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-41.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven71.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven250 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-27.2%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven37.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven50 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-80.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven404.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven696 days1,480 days

Compare to TMO, DHR, A, WAT, RVTY

In The Past

Bruker's stock fell -46.5% during the 2022 Inflation Shock from a high on 9/3/2021. A -46.5% loss requires a 86.8% gain to breakeven.

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About Bruker (BRKR)

Bruker Corporation develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions in the United States and internationally. The company operates through three segments: Bruker Scientific Instruments (BSI) Life Science, BSI NANO, and Bruker Energy & Supercon Technologies. It offers life science tools, and single and multiple modality systems; life science mass spectrometry; MALDI Biotyper rapid pathogen identification platform and related test kits, DNA test strips, and fluorescence-based polymerase chain reaction technology; genotype and fluorotype molecular diagnostics kits; research, analytical, and process analysis instruments and solutions; SARS-CoV 2 testing for the diagnosis of COVID-19 infection; and Fluorotyper-SARS-CoV 2 plus kits. It also provides range of portable analytical and bioanalytical detection systems, and related products; X-ray instruments; analytical tools for electron microscopes, as well as handheld, portable, and mobile X-ray fluorescence spectrometry instruments; atomic force microscopy instrumentation; non-contact nanometer resolution solution topography; and automated X-ray metrology, automated AFM defect-detection, and photomask repair and cleaning equipment. In addition, the company offers advanced optical fluorescence microscopy instruments; products and services to support the multi-omics needs of researchers in translational research, drug, and biomarker discovery; superconducting materials, such as metallic low temperature superconductors; devices and complex tools based on metallic low temperature superconductors; and non-superconducting high technology tools, such as synchrotron and beamline instrumentation. Bruker Corporation has a collaboration with Newomics Inc. on a LC-MS platform for drug discovery. The company was incorporated in 1991 and is headquartered in Billerica, Massachusetts.

AI Analysis | Feedback

Here are 1-3 brief analogies for Bruker:

  • Bruker is like a more specialized Agilent Technologies, providing advanced scientific instruments for life science research, materials analysis, and diagnostics.
  • Consider Bruker the ASML of scientific research; they create the essential, cutting-edge instruments that enable breakthroughs in biology, chemistry, and advanced materials science.

AI Analysis | Feedback

  • Life Science Mass Spectrometry Systems: Instruments for advanced molecular analysis and characterization in various life science applications.
  • MALDI Biotyper Platform & Kits: A rapid system used for microbial identification, especially pathogens, along with accompanying diagnostic test kits.
  • Molecular Diagnostics Kits: Includes DNA test strips, fluorescence-based PCR technology, and genotype/fluorotype kits for molecular diagnosis.
  • SARS-CoV-2 Testing Solutions: Products like Fluorotyper-SARS-CoV-2 Plus kits for the accurate diagnosis of COVID-19 infection.
  • X-ray Instruments: A diverse range of analytical tools, including handheld, portable, and mobile X-ray fluorescence spectrometry instruments.
  • Atomic Force Microscopy (AFM) Instrumentation: Systems designed for high-resolution surface imaging and measurement at the nanometer scale.
  • Automated Metrology & Repair Equipment: Automated systems encompassing X-ray metrology, AFM defect-detection, and photomask repair and cleaning.
  • Advanced Optical Fluorescence Microscopy: High-performance instruments used for sophisticated imaging in biological and materials research.
  • Superconducting Materials & Devices: Manufactures metallic low-temperature superconductors and develops devices and complex tools based on these materials.
  • Synchrotron and Beamline Instrumentation: Non-superconducting high-technology tools primarily used in advanced research facilities.

AI Analysis | Feedback

Bruker (BRKR) sells primarily to other companies and institutions, not individuals. Based on the company description, its major customers can be categorized as follows:

  1. Life Science & Clinical Diagnostics Institutions: This category includes academic research institutions, universities, pharmaceutical companies, biotechnology companies (for drug and biomarker discovery), hospitals, clinical diagnostic laboratories, and public health organizations that utilize Bruker's life science tools, mass spectrometry platforms, pathogen identification systems, and molecular diagnostics kits.
  2. Materials Science & Industrial R&D: Customers in this segment include research and development departments in various industries (e.g., semiconductor, advanced materials), academic materials science departments, and industrial quality control laboratories that require advanced microscopy, X-ray instruments, and metrology solutions.
  3. Energy, Superconductivity & Advanced Physics Research: This group comprises specialized research laboratories, government labs, and industrial partners involved in the development and application of superconducting materials, as well as those using advanced physics research tools such as synchrotron and beamline instrumentation.

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Frank H. Laukien, Ph. D. Chairman, President and Chief Executive Officer

Dr. Frank H. Laukien has served as Bruker's Chairman, President, and Chief Executive Officer since February 1991 and is the company's largest stockholder. He is the son of Günther Laukien, who founded Bruker in 1960. Frank Laukien took Bruker public in 2000. He holds a Bachelor of Science degree in physics from MIT and a Ph.D. in chemical physics from Harvard University. Dr. Laukien is also an angel investor in biotherapeutics and space exploration startups, and the executive chairman of Gauss Fusion GmbH, a nuclear fusion startup.

Gerald N. Herman Executive Vice President & Chief Financial Officer

Mr. Gerald N. Herman serves as the Executive Vice President & Chief Financial Officer of Bruker Corporation.

Mark R. Munch, Ph. D. President of Bruker Nano Group and Corporate Executive Vice President

Dr. Mark R. Munch has been President of Bruker Nano, Inc. since October 2010. In March 2021, he also took on the role of Chief Executive Officer of Acuity Spatial Genomics, a Bruker majority investment. Prior to joining Bruker Nano, Inc., Dr. Munch was Executive Vice President of Veeco Instruments Inc. from February 2008 to October 2010. He also served as a Senior Vice President of Coherent, Inc. from February 2006 to January 2008 and as President and Chief Executive Officer of Cooligy, Inc., a subsidiary of Emerson Electric, from 2004 to 2006.

Juergen Srega President, Bruker CALID Group and Bruker Daltonics Division

Mr. Juergen Srega has served as President of the Bruker CALID Group since January 2013, overseeing its global operations.

Falko Busse, Ph. D. President, Bruker BioSpin Group

Dr. Falko Busse has been President of the Bruker BioSpin Group since May 2018, responsible for the management of its global operations. He previously held positions within the Bruker BioSpin Group as Deputy President and Executive Vice President of Research and Development, Operations and Marketing. Dr. Busse holds a B.A. and a Ph.D. in Physics.

AI Analysis | Feedback

Here are the key risks to Bruker Corporation's business:

  1. Rapid Technological Change and Intense Competition: Bruker operates in highly specialized and technologically advanced markets for scientific instruments and diagnostic solutions. The company faces a constant threat from rapid technological obsolescence and intense competition from rivals, some of whom may possess greater financial and operational resources. Failure to continuously innovate and keep pace with emerging technologies or intense pricing pressures could lead to a loss of market share and impact profitability.
  2. Dependence on Research Funding and Capital Expenditure Cycles: A substantial portion of Bruker's revenue is derived from sales to academic institutions, government entities, and biopharma companies. These customers' budgets for capital-intensive scientific instruments are highly susceptible to fluctuations in government research funding, grants, and corporate research and development (R&D) spending. Reduced funding, economic downturns, or geopolitical uncertainties (such as those affecting U.S. and Chinese research funding) can significantly impact demand for Bruker's products and services.
  3. Supply Chain Vulnerabilities: Bruker is exposed to significant supply chain challenges, including reliance on a limited number of, and sometimes sole, suppliers for critical components, as well as broader global supply chain disruptions. These vulnerabilities can result in manufacturing inefficiencies, increased costs, production delays, and potential revenue losses if the company is unable to secure adequate supplies of required materials or components.

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Bruker (symbol: BRKR) operates in several significant addressable markets for its main products and services globally.

  • Mass Spectrometry: The global mass spectrometry market size was estimated at USD 6.6 billion in 2024 and is projected to reach USD 10.65 billion by 2030.
  • Molecular Diagnostics: The global molecular diagnostics market size was estimated at USD 18.85 billion in 2025 and is projected to reach USD 25.59 billion by 2033. This market is particularly relevant to Bruker's rapid pathogen identification platforms, DNA test strips, PCR technology, and molecular diagnostics kits.
  • Clinical Microbiology: The global clinical microbiology market size is calculated at USD 4.99 billion in 2025 and is predicted to increase to approximately USD 10.45 billion by 2035.
  • Microscopy: The global microscopy market size was estimated at USD 13.52 billion in 2024 and is expected to surpass around USD 27.58 billion by 2034. This includes atomic force microscopy and advanced optical fluorescence microscopy instruments offered by Bruker.
  • Industrial X-Ray Instrumentation: The global industrial X-ray market was valued at USD 3.37 billion in 2024 and is expected to reach USD 5.84 billion by 2032. Additionally, the Analytical X-Ray Instrumentation Market in North America alone was valued at USD 0.85 billion in 2024 and is projected to rise to USD 1.25 billion by 2035.
  • Superconducting Materials: The global superconducting materials market size was valued at USD 1.41 billion in 2024 and is projected to reach USD 4.49 billion by 2033. Low-temperature superconducting materials, a focus for Bruker, accounted for approximately 83% of this market in 2024.
  • Multi-omics: The global multiomics market size is calculated at USD 3.24 billion in 2025 and is predicted to increase to approximately USD 13.22 billion by 2035. This market is key for researchers in translational research, drug, and biomarker discovery.

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Bruker (BRKR) is expected to drive future revenue growth over the next two to three years through a combination of strategic acquisitions, continuous innovation in high-growth scientific fields, and expansion into new geographic markets, alongside a projected recovery in key end markets.

  • Strategic Acquisitions and Portfolio Expansion: Bruker has strategically acquired companies such as PhenomeX (single-cell analysis), Chemspeed (lab automation), ELITechGroup (molecular diagnostics), NanoString (spatial biology), and TOFWERK AG (mass spectrometry) in 2023-2024. These acquisitions are instrumental in reshaping Bruker's platform to target high-growth areas like proteomics, spatial biology, and automated research and development workflows, facilitating cross-selling and accelerated product development.

  • Product Innovation and Launches in High-Growth Scientific Fields: The company is deepening its leadership in proteomics and spatial biology with new instruments like the timsTOF Ultra/HT/SCP and timsTOF fleX MALDI imaging, which are crucial for single-cell and spatial-omics adoption in pharmaceutical and translational pathology. Bruker is also investing in advanced structural and materials platforms, including 1.2 GHz NMR, next-generation X-ray, and atomic force microscopy (AFM) for structural biology and battery materials research. Additionally, new product launches in microbiology and molecular diagnostics are contributing to enhanced high-value offerings.

  • Geographic Market Expansion: Bruker is actively pursuing growth in international markets by establishing localized content and application laboratories in China, expanding demonstration capabilities in Europe and North America, and focusing on growth in India. These efforts aim to support regional biopharmaceutical and materials research priorities.

  • Recovery and Strengthening Demand in Key End Markets: The company anticipates a partial market recovery in 2026, particularly in advanced life science research and drug discovery tools. The biopharma end markets have already shown mid-single-digit growth, with expectations for continued strengthening demand. Furthermore, the Bruker Energy & Supercon Technologies (BEST) segment, which faced headwinds in 2025, is projected to become a tailwind in 2026, following major multiyear agreements. Growth in semiconductor metrology applications is also identified as a key driver.

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Share Repurchases

  • In May 2021, Bruker announced a new two-year share repurchase authorization for the purchase of up to $500 million of its common stock.
  • The company's capital allocation strategy prioritizes profitable growth investments, complemented by acquisitions and share repurchases.
  • Future share repurchases could be funded by net proceeds if underwriters exercise their option to purchase additional Mandatory Convertible Preferred Stock from a September 2025 offering.

Share Issuance

  • As of February 20, 2026, Bruker had 152,219,250 common shares and 2,760,000 Series A mandatory convertible preferred shares outstanding as of June 30, 2025.
  • In September 2025, Bruker priced a public offering of $600.0 million of 6.375% Mandatory Convertible Preferred Stock, Series A, with net proceeds estimated at approximately $582.0 million (or $669.5 million if an additional option is fully exercised), intended primarily for debt repayment.
  • On May 29, 2025, Bruker Corporation's stockholders approved the 2026 Incentive Compensation Plan, authorizing up to 12 million shares for future grants.

Outbound Investments

  • In 2024, Bruker expanded into adjacent markets through strategic acquisitions, most notably ELITech (molecular diagnostics), Chemspeed (lab automation), and NanoString (spatial transcriptomics), which added 10% inorganic revenue growth.
  • In early October 2023, Bruker completed the acquisition of PhenomeX, subsequently renamed Bruker Cellular Analysis (BCA), a functional cell biology business.
  • Early in 2023, Bruker acquired a majority stake in Biognosys, a proteomics CRO services and software provider.

Capital Expenditures

  • Bruker's capital expenditures were approximately $120 million in 2021, $120 million in 2022, $120 million in 2023, $110 million in 2024, and $130 million in 2025.
  • For the full year 2025, capital expenditures were forecast between $80 million and $90 million.
  • In Q4 2025, Bruker Corp invested $22.6 million in capital expenditures, and its free cash flow margin was low due to capital expenditures of $90.8 million absorbing a large share of operating cash flow.

Better Bets vs. Bruker (BRKR)

Latest Trefis Analyses

Trade Ideas

Select ideas related to BRKR.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PGNY_3312026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03312026PGNYProgynyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
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CNC_3272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03272026CNCCenteneDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
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OSCR_3272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03272026OSCROscar HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.0%3.0%-2.6%
WAT_3202026_Monopoly_xInd_xCD_Getting_Cheaper03202026WATWatersMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
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GILD_3202026_Quality_Momentum_RoomToRun_10%03202026GILDGilead SciencesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
1.6%1.6%-2.2%
BRKR_10312024_Dip_Buyer_ValueBuy10312024BRKRBrukerDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-30.4%-30.9%-48.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BRKRTMODHRAWATRVTYMedian
NameBruker Thermo F.Danaher Agilent .Waters Revvity  
Mkt Price39.67513.98184.04120.47334.3894.28152.25
Mkt Cap6.0192.2130.334.119.910.727.0
Rev LTM3,43644,55524,7787,0653,1652,8565,251
Op Inc LTM2398,1094,7601,4568033551,129
FCF LTM146,2935,291993540509766
FCF 3Y Avg1316,8295,2471,318534354926
CFO LTM1347,8186,4391,3966535831,024
CFO 3Y Avg2458,2976,5481,6856724341,179

Growth & Margins

BRKRTMODHRAWATRVTYMedian
NameBruker Thermo F.Danaher Agilent .Waters Revvity  
Rev Chg LTM2.1%3.9%4.0%8.1%7.0%3.7%4.0%
Rev Chg 3Y Avg10.9%-0.2%-0.1%0.8%2.2%-4.4%0.3%
Rev Chg Q-0.2%7.2%3.7%7.0%6.8%5.9%6.3%
QoQ Delta Rev Chg LTM-0.1%1.9%0.9%1.7%1.9%1.5%1.6%
Op Inc Chg LTM-37.3%5.1%-1.3%-1.6%-4.2%2.9%-1.5%
Op Inc Chg 3Y Avg-17.9%-1.1%-10.7%-3.4%-3.1%-14.2%-7.0%
Op Mgn LTM6.9%18.2%19.2%20.6%25.4%12.4%18.7%
Op Mgn 3Y Avg11.6%17.8%20.2%20.9%27.1%12.0%19.0%
QoQ Delta Op Mgn LTM-1.0%-0.2%0.1%-0.7%-1.2%-0.4%-0.6%
CFO/Rev LTM3.9%17.5%26.0%19.8%20.6%20.4%20.1%
CFO/Rev 3Y Avg7.7%19.1%27.2%25.0%22.3%15.5%20.7%
FCF/Rev LTM0.4%14.1%21.4%14.1%17.1%17.8%15.6%
FCF/Rev 3Y Avg4.2%15.7%21.8%19.5%17.7%12.6%16.7%

Valuation

BRKRTMODHRAWATRVTYMedian
NameBruker Thermo F.Danaher Agilent .Waters Revvity  
Mkt Cap6.0192.2130.334.119.910.727.0
P/S1.84.35.34.86.33.74.6
P/Op Inc25.323.727.423.424.830.025.0
P/EBIT73.322.028.422.124.229.626.3
P/E-701.628.735.326.431.044.229.8
P/CFO45.024.620.224.430.518.324.5
Total Yield0.2%3.5%2.8%4.6%3.2%2.4%3.0%
Dividend Yield0.4%0.0%0.0%0.8%0.0%0.2%0.1%
FCF Yield 3Y Avg1.3%3.3%3.4%3.4%2.5%2.9%3.1%
D/E0.30.20.10.10.10.30.2
Net D/E0.30.20.10.00.00.20.1

Returns

BRKRTMODHRAWATRVTYMedian
NameBruker Thermo F.Danaher Agilent .Waters Revvity  
1M Rtn13.8%7.5%-3.1%7.8%10.8%8.3%8.0%
3M Rtn-23.5%-19.1%-23.8%-13.6%-15.7%-19.0%-19.1%
6M Rtn2.1%-9.2%-15.3%-17.1%-4.1%-1.3%-6.7%
12M Rtn7.9%18.7%-3.5%18.1%1.1%2.4%5.2%
3Y Rtn-50.7%-9.3%-16.7%-11.0%9.0%-28.5%-13.9%
1M Excs Rtn5.3%-1.0%-11.6%-0.7%2.3%-0.2%-0.4%
3M Excs Rtn-27.3%-23.0%-27.6%-17.4%-19.5%-22.8%-22.9%
6M Excs Rtn-1.6%-11.3%-17.4%-21.4%-8.5%-6.9%-9.9%
12M Excs Rtn-27.5%-16.1%-38.2%-17.2%-32.6%-33.1%-30.1%
3Y Excs Rtn-123.3%-83.8%-89.6%-84.0%-63.9%-102.0%-86.8%

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Bruker Scientific Instruments (BSI) BioSpin, Bruker Scientific Instruments (BSI) Chemicals, Applied5,6484,1113,508  
Bruker Energy & Supercon Technologies (BEST)2001861119889
Eliminations and other-42-47   
Corporate, eliminations and other  -8-8-4
Bruker Scientific Instruments Life Science, Bruker Scientific Instrument(BSI) NANO &Corporate   3,5602,964
Total5,8074,2503,6123,6503,049


Price Behavior

Price Behavior
Market Price$39.67 
Market Cap ($ Bil)6.0 
First Trading Date08/04/2000 
Distance from 52W High-27.0% 
   50 Days200 Days
DMA Price$37.53$39.65
DMA Trendindeterminatedown
Distance from DMA5.7%0.0%
 3M1YR
Volatility46.9%50.8%
Downside Capture0.650.79
Upside Capture11.20131.52
Correlation (SPY)38.3%33.6%
BRKR Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta1.191.581.461.301.311.12
Up Beta0.360.601.881.571.351.19
Down Beta1.222.430.600.701.061.07
Up Capture70%95%125%208%139%59%
Bmk +ve Days7162765139424
Stock +ve Days8182763126362
Down Capture144%170%201%124%135%107%
Bmk -ve Days12233358110323
Stock -ve Days13233562125386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BRKR
BRKR10.9%50.7%0.38-
Sector ETF (XLV)12.0%15.9%0.5250.0%
Equity (SPY)26.7%12.5%1.7734.7%
Gold (GLD)38.9%27.4%1.190.6%
Commodities (DBC)23.5%16.2%1.32-2.2%
Real Estate (VNQ)15.6%13.6%0.8227.1%
Bitcoin (BTCUSD)-12.8%42.6%-0.2114.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BRKR
BRKR-9.9%39.7%-0.15-
Sector ETF (XLV)5.6%14.6%0.2051.8%
Equity (SPY)10.5%17.1%0.4847.3%
Gold (GLD)21.5%17.8%0.998.8%
Commodities (DBC)10.7%18.8%0.474.3%
Real Estate (VNQ)3.6%18.8%0.0938.1%
Bitcoin (BTCUSD)3.8%56.4%0.2918.7%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BRKR
BRKR3.6%36.8%0.21-
Sector ETF (XLV)9.5%16.5%0.4656.7%
Equity (SPY)13.8%17.9%0.6655.2%
Gold (GLD)13.9%15.9%0.736.7%
Commodities (DBC)8.1%17.6%0.3813.8%
Real Estate (VNQ)5.4%20.7%0.2341.8%
Bitcoin (BTCUSD)68.1%66.9%1.0715.0%

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Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity12.5 Mil
Short Interest: % Change Since 315202617.5%
Average Daily Volume2.1 Mil
Days-to-Cover Short Interest5.9 days
Basic Shares Quantity152.1 Mil
Short % of Basic Shares8.2%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/12/2026-11.6%-8.6%-20.5%
11/3/2025-0.6%2.5%22.9%
7/21/2025-12.1%3.4%-15.6%
5/7/20253.3%-1.8%-4.5%
2/13/2025-1.0%2.5%-11.0%
11/5/20243.4%-4.5%0.3%
8/6/2024-2.2%-4.9%1.4%
5/2/2024-11.3%-6.7%-17.1%
...
SUMMARY STATS   
# Positive111213
# Negative131211
Median Positive3.4%3.0%7.7%
Median Negative-3.2%-5.0%-11.0%
Max Positive8.8%14.9%31.2%
Max Negative-12.1%-9.2%-20.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/27/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202403/03/202510-K
09/30/202411/07/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202302/29/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/01/202310-K
09/30/202211/04/202210-Q
06/30/202208/05/202210-Q
03/31/202205/06/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue3.57 Bil3.58 Bil3.60 Bil4.7% Higher NewActual: 3.42 Bil for 2025
2026 Revenue Growth4.0%4.5%5.0%200.0%3.0%Higher NewActual: 1.5% for 2025
2026 Organic Revenue Growth1.0%1.5%2.0%-133.3%6.0%Higher NewActual: -4.5% for 2025
2026 Non-GAAP EPS2.12.122.1513.3% Higher NewActual: 1.88 for 2025
2026 Non-GAAP EPS Growth15.0%16.0%17.0%  Higher New

Prior: Q3 2025 Earnings Reported 11/3/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Revenue3.41 Bil3.42 Bil3.44 Bil-1.2% LoweredGuidance: 3.46 Bil for 2025
2025 Non-GAAP EPS1.851.881.9-6.2% LoweredGuidance: 2 for 2025
2025 Reported Revenue Growth1.0%1.5%2.0%   
2025 Organic Revenue Growth-5.0%-4.5%-4.0%