Mesa Laboratories has strong cash conversion and a Piotroski F-Score of 8/9, but revenue growth is weak, quarterly earnings are volatile and about 80% of revenue comes from one product line. The analyst target of $106.25 has already been passed (upside of -17.4%), leaving little room.
Thesis pillars
- Product Line Concentration↑Improving
- Weak Revenue Growth→Stable
- Strong Cash Conversion→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Jun 3, 2026
Mesa Laboratories, Inc. (MLAB) Stock Analysis
Range Bound setup
Technology · Scientific & Technical Instruments
Sell if holding. Analyst target reached at $127.81 — A.R:R is negative (-2.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: Clinical Genomics consumables (80.0%).
Mesa Laboratories designs and manufactures life sciences tools and quality control solutions across four segments - Sterilization and Disinfection Control, Biopharmaceutical Development, Calibration Solutions, and Clinical Genomics - serving pharmaceutical, healthcare and... Read more
Sell if holding. Analyst target reached at $127.81 — A.R:R is negative (-2.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: Clinical Genomics consumables (80.0%). Chart setup: RSI 50 mid-range, Bollinger mid-band. Score 5.2/10, high confidence.
Passes 4/7 gates (positive momentum, clean insider activity, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 7d<=7d. Suitability: aggressive.
About Mesa Laboratories, Inc.
About Mesa Laboratories, Inc.
Mesa Laboratories operates four segments - Sterilization and Disinfection Control, Biopharmaceutical Development, Calibration Solutions, and Clinical Genomics - manufacturing life sciences quality-control instruments and consumables at facilities in Colorado, Montana, Germany, Sweden and Arizona. The company generated approximately 8% of fiscal 2026 sales from China and 45% from other non-U.S. countries, primarily Europe, selling through direct sales personnel and independent distributors worldwide.
Mesa earns revenue primarily from consumables - biological, chemical and cleaning indicators, Gyrolab microfluidic discs, MassARRAY chips and panels, and DialyGuard calibration solutions - sold on a routine, repeat-purchase basis alongside higher-ticket, more cyclical hardware such as peptide synthesizers and genetic analysis instruments. Within Clinical Genomics, approximately 80% of revenue comes from consumables, with a single customer representing about 20% of that division's revenue; within Calibration Solutions, the DialyGuard renal-care product line alone accounts for roughly 30% of division revenue and a third of its gross profit. The October 2023 acquisition of GKE GmbH, SAL GmbH and GKE China expanded the Sterilization and Disinfection Control division's chemical-indicator and healthcare-distribution reach across Europe and Asia. The company depends on sole or limited-source suppliers for certain materials in its Biopharmaceutical Development and Calibration Solutions divisions, a dependency it manages by continuously reviewing its supply base.
Show full overview
Mesa's hardware lines carry more cyclical exposure than its consumables franchise: in Biopharmaceutical Development, only about 35% of fiscal 2026 revenue came from routine consumables versus roughly 40% from discretionary hardware purchases, leaving that division more exposed to swings in customers' capital spending budgets than Clinical Genomics or Calibration Solutions, where consumables dominate. A prolonged pullback in biopharmaceutical capital equipment spending - distinct from the steadier, regulation-driven demand for sterilization and calibration consumables - could disproportionately weigh on Biopharmaceutical Development's growth relative to Mesa's other three segments.
See also: Technology · Scientific & Technical Instruments
From Mesa Laboratories, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-11-02Recent Developments — Mesa Laboratories, Inc.
Latest news
- NEWS Earnings Preview: MLAB to Report Financial Results on August 10 - Moomoo — Moomoo neutral
- NEWS Earnings Preview: MLAB to Report Financial Results on August 10 - moomoo.com — moomoo.com neutral
- NEWS Mesa Laboratories Q1 Earnings Call Highlights - Yahoo Finance — Yahoo Finance neutral
- NEWS Lazard Asset Management LLC Buys New Stake in Mesa Laboratories, Inc. $MLAB - MarketBeat — MarketBeat neutral
- NEWS MESA LABORATORIES Q1 2027 Earnings Preview: Recent $MLAB Insider Trading, Hedge Fund Activity, and More - Quiver Quantit — Quiver Quantitative neutral
Generated 2026-11-02T12:03:20Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- HIGHProductClinical Genomics consumables80%10-K Item 1: 'Approximately 80% of our Clinical Genomics revenues are from consumables used on a routine basis'
- MEDIUMProductDialyguard product line30%10-K Item 1A: 'Our Dialyguard product line accounts for approximately 30% of the revenues and one-third of gross profit margin associated with our Calibration Solutions division.'
- MEDIUMGeographicother non-U.S. countries45%10-K Item 1A: 'we generated approximately 8% of our sales from operations in China and 45% of our sales from other non-U.S. countries, primarily in Europe'
- LOWCustomersingle customer (Clinical Genomics division)20%10-K Item 1: 'with a single customer accounting for approximately 20% of the division's revenues in fiscal 2026'
- LOWGeographicChina8.0%10-K Item 1A: 'we generated approximately 8% of our sales from operations in China'
Material Events(8-K, last 90d)
- 2026-06-15Item 5.02LOWMesa Laboratories appointed Lyndsey Crennen, Corporate Controller since 2022, as Chief Accounting Officer effective upon entry into her new employment agreement. Internal promotion; no predecessor departure disclosed.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $127.81 — A.R:R is negative (-2.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: Clinical Genomics consumables (80.0%). Chart setup: RSI 50 mid-range, Bollinger mid-band. Prior stop was $119.01. Score 5.2/10, high confidence.
Analyst target $106.25 reached (−16.9% from $127.81); no take-profit level is published. Prior stop was $119.01. Stop-loss: $119.01.
Concentration risk — Product: Clinical Genomics consumables (80.0%); Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3).
Mesa Laboratories, Inc. trades at a P/E of 150.4 (forward 12.4). TrendMatrix value score: 6.9/10. Verdict: Sell.
8 analysts cover MLAB with a consensus score of 4.1/5. Average price target: $125.
What does Mesa Laboratories, Inc. do?Mesa Laboratories designs and manufactures life sciences tools and quality control solutions across four segments -...
Mesa Laboratories designs and manufactures life sciences tools and quality control solutions across four segments - Sterilization and Disinfection Control, Biopharmaceutical Development, Calibration Solutions, and Clinical Genomics - serving pharmaceutical, healthcare and medical device customers from manufacturing sites in the U.S., Germany and Sweden. No single customer exceeded 10% of consolidated revenue in fiscal 2026, though Clinical Genomics' largest customer represented about 20% of that division's revenue.