Revvity(RVTY)

Leader

Revvity (RVTY) reported ~$2.9B revenue in FY2024. Life science tools and diagnostics company providing instruments, reagents, and software for genomics, newborn screening, and drug discovery. HQ: Waltham, MA.

Life Science Tools & Diagnostics
RVTY
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Updated March 2026

Company Overview

About Revvity

Revvity, Inc. (formerly PerkinElmer) is a global life science tools and diagnostics company, rebranded in 2023 to signal its transformation from a diversified instruments company into a focused provider of solutions for reproductive health, genomics, and applied markets. The company operates in two segments: Life Sciences (analytical instruments, reagents, software for pharmaceutical and academic research) and Diagnostics (immunoassay and molecular diagnostic systems for clinical and screening applications). Revvity is the global leader in newborn screening, processing the tests that check newborns for metabolic and genetic disorders shortly after birth.

Business Model & Competitive Advantage

Revvity reported approximately $2.9 billion in revenue in FY2024, following the divestiture of its Applied, Food, and Enterprise Services segment (sold to New Mountain Capital in 2023 for $2.45 billion) to sharpen focus on higher-growth life science and diagnostics markets. The Diagnostics segment's newborn screening franchise — screening for ~50+ metabolic disorders using Revvity's NeoBase kits and Natus instruments — has near-monopoly characteristics in many countries where national programs are standardized on Revvity platforms. The Life Sciences segment serves pharmaceutical and biotech researchers with automated liquid handling, imaging systems, and genomics tools.

Competitive Landscape 2025–2026

Revvity's strategic priority is integrating its informatics capabilities (Symphony, OneSource laboratory software) with its instrument platforms to create connected lab ecosystems. The company's EUROIMMUN diagnostics business, acquired in 2017 for €1.3 billion, is a leading provider of autoimmune and infectious disease diagnostics in Europe, strengthening its clinical diagnostics presence.

Revenue
$2900M
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Key Differentiators

Market Leader

Revvity is recognized as a market leader in the Healthcare Tech sector, demonstrating strong industry presence and customer trust.

Enterprise Scale

With $2900M in revenue, Revvity operates at enterprise scale with proven market validation.

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