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ILLUMINA, INC. ILMN

Nasdaq · stock · Laboratory Analytical Instruments · website · IPO 2000-06-28 · LEI

ILLUMINA, INC. statistics & valuation

Market cap$26.7B
P / E31.4×
P / S6.2×
P / B9.8×
P / FCF28.7×
Net margin19.6%
Return on equity31.2%
FCF margin21.4%
Return on capital16%
Graham number -76%$46.26

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($46.26); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
19.30% 26.40% 24.80% 28.30% 20.30% 16.80% -96.10% -25.80% -28.00% 19.60% 2017201720182019202120222023202320242025
Gross margin (%)
69.50% 66.40% 69.00% 69.60% 68.00% 69.70% 64.80% 60.90% 65.40% 66.10% 2017201720182019202120222023202320242025
Operating margin (%)
24.50% 22.00% 26.50% 27.80% 17.90% -2.70% -91.20% -23.70% -19.10% 18.60% 2017201720182019202120222023202320242025
Return on equity (%)
20.40% 26.40% 21.50% 21.70% 14.00% 7.10% -66.70% -20.20% -51.50% 31.20% 2017201720182019202120222023202320242025
Shares outstanding
148.0M 148.0M 149.0M 149.0M 148.0M 157.0M 158.0M 159.0M 159.0M 156.0M 2017201720182019202120222023202320242025
Net debt ($)
$321.0M -$43.0M -$254.0M $1.14B $673.0M 2017201720182019202120222023202320242025
Share buybacks ($)
2017201720182019202120222023202320242025
Return on assets (%)
10.80% 13.80% 11.90% 13.70% 8.60% 5.00% -35.90% -11.50% -19.40% 12.80% 2017201720182019202120222023202320242025
Free cash flow margin (%)
21.60% 20.50% 25.40% 23.80% 27.50% 7.40% 2.30% 6.30% 16.20% 21.40% 2017201720182019202120222023202320242025
Debt / equity (×)
0.47× 0.43× 0.23× 0.25× 0.14× 2017201720182019202120222023202320242025
EPS ($)
$3.07 $4.92 $5.56 $6.74 $4.45 $5.04 -$28.00 -$7.34 -$7.69 $5.45 2017201720182019202120222023202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ILLUMINA, INC. trades at about 35.4× earnings — below its 10-year norm (10-year range 26.6×–164.3×, median 50.7×).

26.6× 164.3×

Shaded band = 10-year range (26.6×–164.3×); dot = today's 35.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2023FY2022FY2021FY2019FY2018FY2017FY2017
Gross margin66.1%65.4%60.9%64.8%69.7%68.0%69.6%69.0%66.4%69.5%
Operating margin18.6%-19.1%-23.7%-91.2%-2.7%17.9%27.8%26.5%22.0%24.5%
Net margin19.6%-28.0%-25.8%-96.1%16.8%20.3%28.3%24.8%26.4%19.3%
FCF margin21.4%16.2%6.3%2.3%7.4%27.5%23.8%25.4%20.5%21.6%
Return on assets12.8%-19.4%-11.5%-35.9%5.0%8.6%13.7%11.9%13.8%10.8%
Return on equity31.2%-51.5%-20.2%-66.7%7.1%14.0%21.7%21.5%26.4%20.4%
Debt / equity—————0.14×0.25×0.23×0.43×0.47×
Current ratio2.081.781.661.282.483.606.692.493.993.29

Computed from company filings · US · as of 2025-12-28. Facts plus Stocktoria's own computed scores — not investment advice.