Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 25, 2026
Azenta, Inc. (AZTA)
A forensic read on Azenta, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
8.4
Distress distance
Clean
Earnings quality
3
Forensic signals
-12.1
P / E (ttm)
-3.2%
ROE
$1.5B
Market cap
0.00%
Dividend yield
3.6%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Azenta, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 8.4, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-1.4%
FY2025
Return on invested capital.Return on invested capital is -1.4% in the latest fiscal year and steady across FY2023–FY2025, inside a 1.2-point range. After-tax operating profit was ($48M) in FY2023 and ($21M) in FY2025, with operating income at -11.1% of revenue in FY2023, -8.9% in FY2024 and -4.5% in FY2025. The capital base behind it came down -24% across FY2023–FY2025, from $2.0B to $1.5B, so this is a return struck on a smaller base rather than a record of money put to work. FY2023's operating profit carried a $5M restructuring charge that took about 0.2 points off that year's return, and FY2025's carried a $5M restructuring charge that took about 0.3 points off the latest; so, net of each other, the two charges take about 0.1 points off the +1.0-point change across FY2023–FY2025. FY2024's operating profit carried a $111M goodwill write-off and a $7M restructuring charge that alone took about 6.0 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it.
stopped
FY2024→FY2025
Shareholder returns — halted.Capital returns have STOPPED — $662M of buybacks + dividends in FY2024, but ~$0 in FY2025. A halt usually means the company is conserving cash.
$111M
FY2024–FY2024
Goodwill impairments.Took $111M of goodwill writedowns across 1 year (FY2024 ($111M)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$593.8M
Revenue Growth YoY+3.6%
Revenue CAGR (2yr)+3.8%
Net Margin-9.4%
Free Cash Flow$38.3M
Return on Equity-3.2%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Azenta, Inc.'s actual 10-K/10-Q/8-K filings?