Forensic Analysis · General / Diversified · as of Jun 27, 2026
BRUKER CORP (BRKR)
A forensic read on BRUKER CORP built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
3.0
Altman Z-score
Clean
Earnings quality
5
Forensic signals
-0.5%
ROE
$9.4B
Market cap
0.35%
Dividend yield
BRUKER CORP earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 3.0, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
1%Return on invested capital.Return on invested capital is 1% and slipping from 15% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
+33868775.2%/yrShare-count dilution.Diluted share count changed +101606326% over the last 3 years to FY2025 (+33868775.2%/yr). The count is GROWING — existing holders are being diluted. That's ~33868775.2% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~101606326%.
1% of revStock-based comp load.Stock-based compensation ran 1% of revenue and 47% of free cash flow in FY2025 — about $0.13 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
$109MGoodwill impairments.Took $109M of goodwill writedowns across 5 year(s) (FY2021 ($3M), FY2022 ($3M), FY2025 ($96M)) — about 7% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
-25%Dividend — cut.The payout was CUT ~25% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-0.3%
Debt / Equity0.76x
Free Cash Flow$43.3M
Latest Revenue$3.44B
Return on Equity-0.4%
Revenue Growth YoY+2.1%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on BRUKER CORP:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about BRKR's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown