Mesa Laboratories, Inc.

MLABNASDAQTechnology● Active

$108.46

+$4.57(+4.40%)

Market Cap$599233908

P/E Ratio—

52W High$111.29

52W Low$55.45

Avg Volume141K

Open$104.94

Beta0.93

Free Cash Flow Financials Revenue

Mesa Laboratories, Inc. (MLAB) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MLAB · free cash flow · updated Jun 8, 2026

Core FCF metrics

MLAB · FCF · TTM · margin & CAGR

Free cash flow was $39.6M for FY2026 (fiscal year ending 2026-03-31), down 6.4% year-over-year The FCF margin was 15.9%. Five-year CAGR stands at +2.4%.

FY2026 Free Cash Flow$39.6M▼ -6.4% YoY

Trailing 12M (TTM)$42.8Mtrailing 4 quarters sum

FCF Margin15.9%$39.6M ÷ revenue

3-Year CAGR+19.1%FY2023 → FY2026

5-Year CAGR+2.4%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MLAB · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$42.8M(3M)$39.6M▼ 6.4%15.9%

FY2025$46.8M(4M)$42.3M▲ +1.8%17.6%

FY2024$44.1M(3M)$41.6M▲ +77.3%19.2%

FY2023$28.0M(5M)$23.4M▼ 32.6%10.7%

FY2022$39.2M(4M)$34.8M▼ 0.8%18.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MLAB · P/FCF · FCF yield · FCF per share

Mesa Laboratories, Inc. (MLAB) trades at a FCF yield of 7.15% and a price-to-free-cash-flow ratio of 14.0x. FCF per share stands at $7.77, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.15%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$7.77

TTM FCF ÷ Shares Outstanding

Price / FCF

x14.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x15.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-03-31

Cash flow statement summary

MLAB · cash flow statement · operating / investing / financing

For FY2026, Mesa Laboratories, Inc. generated $42.8M in operating cash flow and spent 3M in capital expenditures, yielding $39.6M in free cash flow.

Operating Activities

+$42.8M

Cash from core business operations

2026-03-31

Investing Activities

−$3.3M

CapEx, acquisitions & investments

2026-03-31

Financing Activities

−$41.9M

Buybacks, dividends & debt

2026-03-31

FCF FormulaOperating CF ($42.8M) − |CapEx| (3M) = FCF ($39.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

MLAB vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Mesa Laboratories, Inc.YOU

MLAB

$39.6M-6.4%15.9%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Mesa Laboratories, Inc. (MLAB) reported free cash flow of $39.6M for FY2026 (fiscal year ending 2026-03-31), down 6.4% year-over-year. The FCF margin was 15.9%.

Based on available data, Mesa Laboratories, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $42.3M in FY2025. The 5-year CAGR stands at +2.4%.

Mesa Laboratories, Inc.'s FCF yield is 7.15% and price-to-FCF ratio is 14.0x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MLAB free cash flow · 8 questions

Mesa Laboratories, Inc. free cash flow was $39.6M for FY2026, down 6.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $42.8M.

MLAB free cash flowMLAB FCFMLAB FCF 2026MLAB free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Mesa Laboratories, Inc. · Mesa Laboratories, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026