# Agilent Technologies (A) Forecast Calculator

Interactive five-year financial forecast and DCF for Agilent Technologies. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/agilent-technologies/forecast
- Industry: Healthcare
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 5163000000 | 866000000 | 1179000000 | 1071000000 |
| 2022 | 5339000000 | 802000000 | 1154000000 | 719000000 |
| 2023 | 6319000000 | 1297000000 | 1668000000 | 1210000000 |
| 2024 | 6848000000 | 1021000000 | 1935000000 | 1254000000 |
| 2025 | 6833000000 | 1474000000 | 1621000000 | 1240000000 |

## Frequently asked questions

### What is Agilent Technologies' core business model?

Agilent Technologies operates a "razor-and-blade" business model, where sales of high-value analytical instruments drive a recurring stream of high-margin consumables and services revenue. The company provides application-focused solutions, including instruments, software, services, and consumables, for the entire laboratory workflow in life sciences, diagnostics, and applied chemical markets.

### How does Agilent Technologies generate its revenue across its segments?

Agilent Technologies generates revenue primarily through its Life Sciences and Diagnostics Markets Group (LDG) and Agilent CrossLab Group (ACG), each contributing approximately 40% of total revenue. The remaining 20% comes from the Applied Markets Group (AMG), with significant contributions from the Americas, Europe, and Asia-Pacific regions.

### What are the key assumptions for revenue growth and margins in the Agilent Technologies financial model?

The financial model for Agilent Technologies assumes a revenue growth rate of approximately 7.26% for the forecast horizon. Key margin assumptions include COGS as a percentage of revenue at about 46.71%, R&D as a percentage of revenue at 7.59%, and SGA as a percentage of revenue at 25.95%.

### What is Agilent Technologies' typical capital expenditure as a percentage of revenue?

Agilent Technologies' capital expenditure typically ranges from 5.0% to 6.5% of revenue, with FY25 capex being approximately $450 million. This investment is roughly 40% for maintenance and 60% for growth, supporting initiatives like digital lab platforms and manufacturing capacity expansion.

### What is Agilent Technologies' working capital profile?

Agilent Technologies maintains a positive working capital profile, requiring investment to fund growth, particularly in inventory. The company typically has Days Sales Outstanding (DSO) of 55-65 days, Days Inventory Outstanding (DIO) of 90-105 days, and Days Payable Outstanding (DPO) of 40-50 days.

### Is an Excel financial model for Agilent Technologies available for download?

Yes, an Excel financial model for Agilent Technologies is available for download, providing a comprehensive three-statement forecast and discounted cash flow valuation. This model helps equity research analysts determine the intrinsic equity value based on the company's core revenue growth and margin expansion trajectory.