Scientific and control equipment is a massive industry that serves as a backbone for many industries, including pharma, food manufacturing, networking, diagnostics and more.
The industry has been rearranging its operations after the coronavirus pandemic, and the growth in research & development is expected to drive the industry's growth going forward.
However, the rising compliance issues could hamper the growth of the industry. Let’s take a look at the ten biggest scientific and control equipment companies.
Ten Biggest Scientific And Control Equipment Companies
We have referred to the latest available revenue figures to rank the ten biggest scientific and control equipment companies. We have only considered Fortune 1000 companies for our list of the ten biggest scientific and control equipment companies. Here they are, in reverse order.
10. Mettler-Toledo International (>$3 billion)
Founded in 1991 and headquartered in Columbus, Ohio, this company offers precision instruments and services for use in industrial, packaging, logistics, laboratory and food retailing applications.
Mettler-Toledo International (NYSE:MTD) shares are down almost 27% YTD and over 1% in the last one year. The company reported a net income of more than $750 million in 2021 and over $600 million in 2020.
9. PRA Health Sciences (>$3 billion)
PRA Health Sciences offers outsourced development and commercialization services to biotechnology, medical devices and pharmaceutical industries. The private company, founded 1976 and headquartered in Raleigh, N.C., reported a net income of over $190 million in the last fiscal year.
8. Trimble (>$3.2 billion)
Sunnyvale, Calif., is where Trimble (NASDAQ:TRMB) is headquartered. Founded in 1978 the company offers positioning technology solutions.
TRMB shares are down over 24% YTD and over 13% in the last one year; presently trading around $66, while it has a 52-week range of $59.89 and $96.49.
The company reported a net income of more than $490 million in 2021 and over $380 million in 2020.
7. Illumina (>$3.5 billion)
Founded in 1998 and headquartered in San Diego, this company offers life science tools and integrated systems for large-scale analysis of genetic variation and function.
Illumina's (NASDAQ:ILMN) shares are down almost 39% YTD and over 38% in the last one year. Its stock is presently trading around $232 and has a 52-week range of $208.35 and $526.00. The company reported a net income of more than $750 million in 2021 and over $650 million in 2020.
6. Keysight Technologies (>$4 billion)
Keysight Technologies (NYSE:KEYS) of Santa Rosa, Calif., offers electronic design and test solutions to electronics systems, communications, networking and electronics industries.
KEYS are down almost 34% YTD and over 2% in the last one year. Its shares are presently trading around $136, while it has a 52-week range of $127.93 and $209.08. The company, founded in 1937, reported a net income of more than $890 million in 2021 and over $600 million in 2020.
5. Ametek (>$5 billion)
Founded in 1930 and headquartered in Berwyn, Pa., Ametek (NYSE:AME) shares are down almost 18% YTD and almost 10% in the last one year. The Berwyn, Pa. headquartered company makes electronic instruments and electromechanical devices.
Its shares are presently trading around $121, while it has a 52-week range of $118.28 and $148.07. The company reported a net income of more than $950 million in 2021 and over $850 million in 2020.
4. Agilent Technologies (>$5 billion)
Founded in 1999 and headquartered in Santa Clara, Calif., Agilent Technologies (NYSE:A) offers application focused solutions for life sciences, diagnostics, and applied chemical companies. Shares of Agilent Technologies are down over 25% YTD and over 8% in the last one year.
The stock is presently trading around $118, with a 52-week range of $112.64 and $179.57. The company reported a net income of more than $1.20 billion in 2021 and over $700 million in 2020.
3. Roper Technologies (>$5 billion)
Founded in 1981 and headquartered in Sarasota, Fla., this company offers engineered products and solutions for the global niche markets. Roper Technologies (NYSE:ROP) shares are down almost 13% YTD and almost 1% in the last one year. Its shares are presently trading around $430 while it has a 52-week range of $417.54 and $505.
The company reported a net income of more than $980 million in 2021 and over $800 million in 2020.
2. Avantor (>$6 billion)
Avantor (NYSE:AVTR), which was founded in 1904 and is headquartered in Radnor, Pa., offers materials, equipment, instrumentation, and specialty procurement to companies in biopharma, healthcare, education, and applied materials industries.
AVTR Shares are down almost 29% YTD and almost 3% in the last one year. The company reported a net income of more than $570 million in 2021 and over $110 million in 2020.
1. Thermo Fisher Scientific (>$25 billion)
Founded in 1960 and headquartered in Waltham, Mass., this company offers analytical instruments, equipment, software and services for supporting research, analysis, discovery, and diagnostics.
Thermo Fisher Scientific (TMO) shares are down almost 19% YTD but are up over 19% in the last one year. The company reported a net income of more than $7.70 billion in 2021 and over $6.30 billion in 2020.