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← CockpitCompetitor Analysis › CTKB Cytek Biosciences, Inc.Open in the cockpit ↗

Cytek Biosciences, Inc.CTKBCompetitor analysis, valuation and peers

United States · USD·Health Care›Medical Specialties
Momentum leader 90
Mkt cap
$758M
US dollars, full cap
Free float
92%
of shares outstanding
$/day
$6.95M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-47.5 pp
WACC 10.4%
Hurdle
n/a
no reverse DCF
Next earnings
118 days
4 Mar 2027
Close · USD$5.83
1D+8.0%
1W-4.9%
1M+8.8%
3M+25.1%
6M+26.5%
YTD+15.4%
1Y+45.4%
ATR %5.8%
Beta0.95
52w lowhigh8.0% off high

What Cytek Biosciences does

Employees: 700

Cytek Biosciences at a glance

Size Cytek Biosciences (CTKB) is a United States Health Care company (Medical Specialties) with a market value of $758M, the 2430th largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.83 on 6 Nov 2026.

Performance Over six months the shares gained 26.5%, against -10.0% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 5.4% over the last twelve months (peer median +14.1%); the operating margin is -21.6% (peer median 11.5%).

Valuation It trades at 2.6× enterprise value to sales against a peer median of 3.1× (9th cheapest of 21).

Capital Return on invested capital runs 47.5 points below its cost of capital (10.4% WACC).

Backlog Backlog (remaining performance obligations) was $49.0M at 30 Sep 2026, up 9% on a year earlier — 0.2 years of trailing revenue. Backlog detail →

Short interest Short interest is 3.4% of the free float (15 Oct 2026).

Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).

Relative performance

10012515011 May 202611 Aug 20266 Nov 2026CTKB 142Peer median 90
Six months, rebased to 100: Cytek Biosciences against the median of its 20 peers (local-currency closes).

Cytek Biosciences financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$207M$201M$200M$193M$164M
Revenue growth—+1%+4%+18%—
Gross profit$110M$104M$111M$109M$102M
EBITDA-$32.7M-$28.4M-$12.6M-$17.1M$4.50M
Net income-$80.6M-$66.5M-$6.02M-$12.1M$2.58M
Free cash flow-$12.1M-$8.77M$21.9M$633,000-$22.0M
Capital expenditure$6.13M$4.19M$3.73M$4.83M$9.87M
Total debt$35.2M$33.0M$27.8M$33.2M$35.9M

Quarterly statements and history in the cockpit →

Cytek Biosciences competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%+150%-20%0%300622301234688389INMD300453301367QDELVREX1501688410SETL1187002950MLABSNT688179300463PACBCTKB6-month return →1-month return →
Up and to the right = strong over both horizons. Cytek Biosciences is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%5×10×300622301234688389INMD300453301367QDELVREX1501002876688410SETL1187002950MLABSNT688179491000PACBCTKBRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Cytek Biosciences is the large dot.

Cytek Biosciences competitors and peer comparison

How Cytek Biosciences compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Cytek Biosciences against its 20 peers (data as of 6 Nov 2026)
MeasureCTKBPeer medianRank in peer set
1-month return+8.8%-3.6%4th highest of 21
6-month return+26.5%-10.0%4th highest of 21
Distance from 52-week high-8.0%-30.4%highest of 21
Revenue growth (TTM)+5.4%+14.1%8th lowest of 21
Operating margin-21.6%11.5%3rd lowest of 21
EV / Sales2.6×3.1×9th cheapest of 21
ROIC minus cost of capital-47.5 pp+2.4 pplowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Cytek Biosciences CTKBUnited States$758M+26%+5%-22%2.6×n/an/a
Doctorglasses Chain 300622.SZChina$757M-10%+6%14%3.3×-2.4%+15.7%
Anhui Hongyu Wuzhou Medical Manufacturer 301234.SZChina$750M+177%-14%3%11.1×33.5%-0.6%
Shenzhen Lifotronic Technology 688389.SSChina$749M-11%+14%13%3.3×13.5%+13.3%
InMode INMDUnited States$767M-5%-7%18%0.7×-10.5%+12.4%
Jiang Xi Sanxin Medtec 300453.SZChina$741M-5%+12%18%2.8×-2.1%+11.8%
BMC Medical 301367.SZChina$780M-13%+37%17%2.0×0.1%+15.6%
QuidelOrtho QDELUnited States$734M-1%-5%-2%1.4×n/an/a
Varex Imaging VREXUnited States$783M-10%+5%8%1.2×n/an/a
Shanghai INT Medical Instruments 1501.HKHong Kong$784M-25%+35%21%4.1×-2.1%+23.5%
Shenzhen Sunnypol Optoelectornics 002876.SZChina$728M-8%+29%5%1.6×11.1%+14.2%
SWS Hemodialysis Care 688410.SSChina$723M-12%+31%19%3.7×16.7%+25.9%
Standard Engineering Technology SETL.NSIndia$796M+164%+26%13%8.9×n/an/a
Cofoe Medical Technology 1187.HKHong Kong$798M-27%+40%10%0.9×-8.0%+6.6%
Allmed Medical Products 002950.SZChina$798M-39%+14%8%1.6×n/an/a
Mesa Laboratories MLABUnited States$718M+23%+3%9%3.4×21.1%+13.2%
Synektik SNT.WAPoland$713M+16%+50%24%3.0×0.1%+40.3%
Shanghai Aladdin Biochemical Technology 688179.SSChina$806M-25%+39%26%6.8×21.1%+24.2%
Livsmed 491000.KSSouth Korea$706M-47%+89%-59%17.2×n/an/a
Maccura Biotechnology 300463.SZChina$814M-14%-1%-4%2.5×9.2%-10.2%
Pacific Biosciences of California PACBUnited States$701M+60%+2%-102%7.6×n/an/a

Cytek Biosciences backlog

Cytek Biosciences reported $49.0M of remaining performance obligations at 30 Sep 2026, up 9% from a year earlier and up 4% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.

Questions

Which companies are Cytek Biosciences's closest peers?
The cockpit's peer set: Doctorglasses Chain (300622.SZ), Anhui Hongyu Wuzhou Medical Manufacturer (301234.SZ), Shenzhen Lifotronic Technology (688389.SS), InMode (INMD), Jiang Xi Sanxin Medtec (300453.SZ), BMC Medical (301367.SZ), QuidelOrtho (QDEL), Varex Imaging (VREX).
Is Cytek Biosciences expensive compared with its peers?
On ev / sales it trades at 2.6× against a peer median of 3.1×, 9th cheapest of 21 in its peer set.
How has Cytek Biosciences stock performed?
Over six months to 6 Nov 2026 the shares returned +26.5% against -10.0% for the median peer; over one year +45.4%.
What is Cytek Biosciences's backlog?
Cytek Biosciences's remaining performance obligations (contracted revenue not yet recognised) were $49.0M at 30 Sep 2026, +9% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.