Illumina, Inc.

ILMN · Healthcare · $28.4B mkt cap · FY2025 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power99

Median gross margin 67.2% over 10y, very stable.

Returns on capital86

Median ROIC 20.6%, above the 9% hurdle in 60% of years.

Balance-sheet safety42

Net debt/EBITDA n/ax, interest coverage 8x.

Capital discipline58

Owner earnings +8.6%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $185.62
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell ILMN. See the disclaimer.