Filing Flows › Mesa Laboratories (MLAB) › Q2 FY27 › vs Q2 FY26
Mesa Laboratories (MLAB) Q2 FY27 vs Q2 FY26 (year over year)
Mesa Laboratories's revenue rose $1.6M (+3%) from $60.7M in Q2 FY26 to $62.3M in Q2 FY27. The biggest changes: Consumables +$2.4M (+7%); Hardware and Software −$1.0M (-6%); Service +$182K (+2%). Gross margin 64.0% against 61.5% (+2.5 pts).
Mesa Laboratories, Q2 FY27: revenue $62.3M (+3% year over year), operating margin 13.5%, net earnings $4.3M, operating cash flow $4.1M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 64.0% | 61.5% | +2.5 pts |
| Operating margin | 13.5% | 7.8% | +5.7 pts |
| Net margin | 7.0% | 4.1% | +2.9 pts |
| Free cash flow margin | 6.0% | 11.7% | -5.8 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Consumables | $35.8M | $33.4M | $2.4M | +7% |
| Hardware and Software | $15.1M | $16.1M | −$1.0M | -6% |
| Service | $11.5M | $11.3M | $182K | +2% |
| Revenue | $62.3M | $60.7M | $1.6M | +3% |
| Gross profit | $39.9M | $37.3M | $2.5M | +7% |
| Cost of revenue | $22.5M | $23.4M | −$948K | -4% |
| Operating profit | $8.4M | $4.7M | $3.7M | +78% |
| Operating expenses | $31.5M | $32.6M | −$1.1M | -3% |
| Pre-tax earnings | $6.0M | $2.0M | $4.0M | +202% |
| Other expense, net | $2.4M | $2.7M | −$371K | -14% |
| Research & development | $5.1M | $5.0M | $3K | +0.1% |
| Sales & marketing | $9.8M | $9.8M | $29K | +0.3% |
| General & admin | $16.6M | $17.8M | −$1.1M | -6% |
| Net earnings | $4.3M | $2.5M | $1.9M | +75% |
| Income tax | $1.7M | −$477K | $2.2M | — |
| Operating cash sources | $13.3M | $12.1M | $1.1M | +9% |
| Depreciation & amortization | $5.6M | $5.8M | −$288K | -5% |
| Share-based compensation | $3.4M | $3.8M | −$435K | -11% |
| Working capital & other | $9.2M | $3.9M | $5.3M | +135% |
| Operating cash flow | $4.1M | $8.2M | −$4.1M | -50% |
| Free cash flow (OCF − capex) | $3.7M | $7.1M | −$3.4M | -48% |
| Capital expenditures | $387K | $1.1M | −$705K | -65% |
Questions
How much did Mesa Laboratories's revenue grow year over year in Q2 FY27?
Mesa Laboratories's revenue rose $1.6M (+3%) from $60.7M in Q2 FY26 to $62.3M in Q2 FY27.
What drove Mesa Laboratories's revenue change in Q2 FY27?
Consumables +$2.4M (+7%); Hardware and Software −$1.0M (-6%); Service +$182K (+2%).