MLAB
Mesa Laboratories Inc /co/ Information Technology Industrial Instruments For Measurement, Display, and Control Russell 3000
$127.81Close
$706.1MMarket cap
$70.15 – $142.2352-week range
Nov 9, 2026Next report · after the close
Highlights
Strengths
- Leading the market RS 90 · stronger than 90% of stocks over 12 months
- Volume drying up last 10 days 30% under the 50-day average
Cautions
- Trend not confirmed 7 of 8 conditions · under the 50-day
- Earnings shrinking EPS −42% year on year
- Results soon Nov 9, 2026, in 8 days
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
10%
1wk
down 0.7%
price change
1mo
down 1.6%
price change
12-month return
up 69%
market up 11% ·
its own up 57%
F-score
8 / 9
Exceptional
Altman Z
2.00
Moderate risk
P/E
105.2×
price / earnings
PEG
—
P/E / EPS growth
P/B
3.8×
price / book
Earnings yield
up 2.5%
EBIT / enterprise value
Cheaper than
51%
of the market · around average
Revenue growth
up 3%
year on year
EPS growth
down 42%
latest quarter
Sales growth
up 1%
latest quarter · -2 pts
ROE
up 4%
return on equity
Free cash margin
up 16%
$39.6M FCF
D/E
0.36
long-term debt / equity
Net debt / EBITDA
2.2×
Interest cover
—EBIT / interest
Piotroski tests
- issued more shares
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
- gross margin widened
- assets working harder
Repair signals
- Long-term debt down 5% ($0.1B → $0.1B)
Trade setup
ATR%
3.7%
$4.70 a day · 2×ATR $118.40
RS
90 / 99
vs the universe
Trend
7 / 8
under the 50-day
Relative volume
0.6×
vs 50-day average
Up/down volume
0.87
50 sessions
Implied move
—
no option chain · report Nov 9, 2026
Trend template · 7 of 8
- Price above the 50-day average: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- No restatement or impairment
- Equity positive
- Interest covered
- No material dilution
- Profits tracking cash
- Margins and revenue not shrinking
Last reported
Aug 10, 2026
Results reaction
Aug 10, 2026+9% vs market2 sessions after results
Financials
- Gross 64%
- Net 3%
- Free cash 16%
- Cash
- Long-term debt
| FY2021Mar 31, 2021 | FY2022Mar 31, 2022 | FY2023Mar 31, 2023 | FY2024Mar 31, 2024 | FY2025Mar 31, 2025 | FY2026Mar 31, 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $133.9M | $184.3M | $219.1M | $216.2M | $241.0M | $249.1M |
| Gross margin | 65% | 59% | 61% | 62% | 63% | 64% |
| Operating income | $12.4M | $4.7M | $3.3M | -$272.1M | $16.3M | $18.5M |
| Net income | $3.3M | $1.9M | $930,000 | -$254.2M | -$2.0M | $6.7M |
| Net margin | 2% | 1% | 0% | -118% | -1% | 3% |
| Earnings per share | $0.64 | $0.35 | $0.17 | -$47.20 | -$0.36 | $1.21 |
| Free cash flow | $35.1M | $34.8M | $23.4M | $41.6M | $42.6M | $39.6M |
| Free cash margin | 26% | 19% | 11% | 19% | 18% | 16% |
| Cash | $263.9M | $49.3M | $32.9M | $28.2M | $27.3M | $26.9M |
| Long-term debt | — | — | — | $0 | $71.2M | $67.5M |
| Shareholders' equity | $406.2M | $393.8M | $393.5M | $145.4M | $159.8M | $186.2M |
| Shares outstanding | 5.14m | 5.27m | 5.37m | 5.39m | 5.46m | 5.52m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 10, 2026 | Quarterly ↗ | Jun 30, 2026 | 41d |
| Jun 3, 2026 | Annual ↗ | Mar 31, 2026 | 64d |
| Feb 3, 2026 | Quarterly ↗ | Dec 31, 2025 | 34d |
| Nov 6, 2025 | Quarterly ↗ | Sep 30, 2025 | 37d |
| Aug 5, 2025 | Quarterly ↗ | Jun 30, 2025 | 36d |
| May 28, 2025 | Annual ↗ | Mar 31, 2025 | 58d |
| Feb 4, 2025 | Quarterly ↗ | Dec 31, 2024 | 35d |
| Nov 7, 2024 | Quarterly ↗ | Sep 30, 2024 | 38d |
| Aug 5, 2024 | Quarterly ↗ | Jun 30, 2024 | 36d |
| Jun 28, 2024 | Annual ↗ | Mar 31, 2024 | 89d |
| Feb 5, 2024 | Quarterly ↗ | Dec 31, 2023 | 36d |
| Nov 6, 2023 | Quarterly ↗ | Sep 30, 2023 | 37d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 13, 2026 | Restructuring · Regulation FD ↗ |
| Sep 8, 2026 | Shareholder vote ↗ |
| Aug 10, 2026 | Results ↗ |
| Jul 30, 2026 | Item 5.05 ↗ |
| Jun 15, 2026 | Director or officer change ↗ |
| May 27, 2026 | Results ↗ |
| Mar 23, 2026 | Director or officer change ↗ |
| Mar 9, 2026 | Director or officer change · Regulation FD ↗ |
| Feb 3, 2026 | Results ↗ |
| Nov 6, 2025 | Results ↗ |
| Aug 25, 2025 | Shareholder vote ↗ |
| Aug 18, 2025 | New obligation ↗ |