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Mesa Laboratories (MLAB)
NASDAQ:MLAB

Mesa Laboratories (MLAB) AI Stock Analysis

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MLAB

Mesa Laboratories

(NASDAQ:MLAB)

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Neutral 58 (OpenAI - 5.2)
Rating:58Neutral
Price Target:
$98.00
▲(5.57% Upside)
Action:ReiteratedDate:03/12/26
The score is driven primarily by improving but still volatile fundamentals: strong free cash flow and healthy margins are offset by thin/unstable bottom-line results and weak returns. Technicals add near-term risk with a bearish trend despite oversold readings, while valuation (P/E ~29.9 with a low yield) provides limited support. The CEO change is a modest positive but not enough to outweigh the earnings stability and momentum concerns.
Positive Factors
Strong free cash flow
Consistent, multi-year free cash flow near $38M provides durable internal funding for capex, working capital and debt paydown. Strong FCF cushions the business against earnings swings, supports reinvestment in product lines and preserves strategic optionality over 2–6 months.
Negative Factors
Earnings volatility
Sharp swings from loss to near-breakeven undermine predictability of earnings and make budgeting and capital allocation harder. Volatile net income can limit consistent reinvestment or dividend policies and raises execution and forecasting risk for the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
Consistent, multi-year free cash flow near $38M provides durable internal funding for capex, working capital and debt paydown. Strong FCF cushions the business against earnings swings, supports reinvestment in product lines and preserves strategic optionality over 2–6 months.
Read all positive factors

Mesa Laboratories (MLAB) vs. SPDR S&P 500 ETF (SPY)

Mesa Laboratories Business Overview & Revenue Model

Company Description
Mesa Laboratories, Inc. develops, manufactures, and sells life sciences tools and quality control products and services in the United States, Europe, the Asia Pacific, and internationally. The company's Sterilization and Disinfection Control segme...
How the Company Makes Money
Mesa Laboratories makes money primarily by selling products and solutions that support customers’ ongoing compliance, validation, and monitoring needs. Its revenue is generated through multiple product lines, including: (1) Sterilization and Disin...

Mesa Laboratories Financial Statement Overview

Summary
Solid cash generation (TTM operating cash flow ~$41.5M; free cash flow ~$37.7M) and healthy gross margin (~60%) support the profile, and leverage has improved (TTM debt-to-equity ~0.62). The main constraint is earnings quality and stability: profitability is still thin/near breakeven with recent losses and sharp swings, and returns remain weak (TTM ROE slightly negative).
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
74
Positive
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue247.54M240.98M216.19M219.08M184.34M133.94M
Gross Profit150.03M150.87M133.25M133.69M109.09M87.01M
EBITDA44.33M42.35M-238.38M37.52M32.53M27.99M
Net Income3.73M-1.97M-254.25M930.00K1.87M3.27M
Balance Sheet
Total Assets434.85M433.35M446.80M661.83M707.37M601.48M
Cash, Cash Equivalents and Short-Term Investments28.98M27.32M28.21M32.91M49.35M263.87M
Total Debt103.41M181.47M231.30M186.14M221.13M146.70M
Total Liabilities248.16M273.52M301.40M268.35M313.57M195.25M
Stockholders Equity186.69M159.83M145.39M393.48M393.80M406.23M
Cash Flow
Free Cash Flow37.69M42.31M41.57M23.44M34.79M35.08M
Operating Cash Flow41.53M46.81M44.13M27.98M39.22M37.07M
Investing Cash Flow-3.84M-4.50M-81.31M-9.49M-305.23M-1.99M
Financing Cash Flow-42.29M-44.51M32.84M-33.33M52.58M146.23M

Mesa Laboratories Technical Analysis

Technical Analysis Sentiment
Positive
Last Price92.83
Price Trends
50DMA
87.32
Positive
100DMA
83.59
Positive
200DMA
78.62
Positive
Market Momentum
MACD
2.01
Negative
RSI
60.75
Neutral
STOCH
77.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MLAB, the sentiment is Positive. The current price of 92.83 is above the 20-day moving average (MA) of 84.92, above the 50-day MA of 87.32, and above the 200-day MA of 78.62, indicating a bullish trend. The MACD of 2.01 indicates Negative momentum. The RSI at 60.75 is Neutral, neither overbought nor oversold. The STOCH value of 77.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MLAB.

Mesa Laboratories Risk Analysis

Mesa Laboratories disclosed 47 risk factors in its most recent earnings report. Mesa Laboratories reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Mesa Laboratories Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$596.20M22.2210.90%1.07%22.35%2.59%
66
Neutral
$960.65M93.639.64%-6.13%-76.92%
66
Neutral
$206.56M42.820.51%2.25%6.17%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
58
Neutral
$512.87M29.912.14%0.79%7.39%99.34%
55
Neutral
$654.63M96.461.59%-7.46%-39.98%
53
Neutral
$701.74M-13.49-70.17%36.85%-77.93%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
MLAB
Mesa Laboratories
92.83
-16.20
-14.86%
DAKT
Daktronics
19.89
7.72
63.43%
LPTH
Lightpath Technologies
12.16
10.40
590.91%
LYTS
Lsi Industries
19.15
3.34
21.16%
RELL
Richardson Electronics
14.43
6.51
82.10%
VPG
Vishay Precision Group
49.23
29.13
144.93%

Mesa Laboratories Corporate Events

Executive/Board Changes
Mesa Laboratories CEO Gary Owens Announces Planned Departure
Neutral
Mar 23, 2026
Mesa Laboratories, Inc. announced on March 9, 2026, that President and Chief Executive Officer Gary Owens will depart the company effective on or about April 13, 2026, and subsequently entered into a Transition Agreement on March 20, 2026, under w...
Business Operations and StrategyExecutive/Board Changes
Mesa Laboratories Names New CEO for Next Phase
Positive
Mar 9, 2026
On March 9, 2026, Mesa Laboratories announced that long‑time President and CEO Gary Owens, who has led the company since 2017 through significant growth and market expansion, will step down on April 12, 2026. The board emphasized that his de...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 12, 2026