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Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Mesa Laboratories's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 0.95. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Mesa Laboratories's Degree of Operating Leverage or its related term are showing as below:
MLAB's Degree of Operating Leverage is ranked better than 51.44% of 2430
companies
in the Hardware industry
Industry Median: 1.095
vs MLAB: 0.95
Mesa Laboratories (NAS:MLAB) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Mesa Laboratories Degree of Operating Leverage Related Terms
Mesa Laboratories Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for Mesa Laboratories's Degree of Operating Leverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mesa Laboratories Degree of Operating Leverage Chart
MLAB vs VPG, ITRN, AERG: Degree of Operating Leverage Comparison
For the Scientific & Technical Instruments subindustry, Mesa Laboratories's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mesa Laboratories Degree of Operating Leverage vs Hardware Industry
For the Hardware industry and Technology sector, Mesa Laboratories's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Mesa Laboratories's Degree of Operating Leverage falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 0.95 mean?
Mesa Laboratories (MLAB) has a Degree of Operating Leverage of 0.95 as of Jun. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Mesa Laboratories and its competitors. According to the industry distribution chart, Mesa Laboratories ranks #1180 out of 2430 companies in the Hardware industry, placing it in the top 48.6%.
Is Mesa Laboratories' Degree of Operating Leverage too high?
Mesa Laboratories' current Degree of Operating Leverage is 0.95. The Hardware industry median Degree of Operating Leverage is 1.10. Mesa Laboratories' value of 0.95 is 13.2% below this industry median. Based on the distribution chart, Mesa Laboratories ranks #1180 out of 2430 companies in the Hardware industry, which is above the industry midpoint. Overall, Mesa Laboratories has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mesa Laboratories' Degree of Operating Leverage compare to VPG and ITRN?
According to the Hardware industry distribution chart, Mesa Laboratories ranks #1180 out of 2430 companies for Degree of Operating Leverage. This puts Mesa Laboratories in the upper half of its industry. The industry median Degree of Operating Leverage is 1.10. Mesa Laboratories' value of 0.95 is 13.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Hardware company?
The median Degree of Operating Leverage among Hardware companies is 1.10, based on 2,430 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mesa Laboratories's current Degree of Operating Leverage of 0.95 is 13.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Mesa Laboratories and its competitors. For the Hardware industry, the median Degree of Operating Leverage is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesa Laboratories's current Degree of Operating Leverage is 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mesa Laboratories stock overvalued right now?
Based on GuruFocus' analysis, Mesa Laboratories (MLAB) is currently considered Modestly Overvalued. The stock's GF Value™ is $106.24, compared to a current price of $128.06 — trading 20.5% above its estimated fair value. The current Degree of Operating Leverage is 0.95 and 13.2% below the Hardware industry median of 1.10. Mesa Laboratories' overall GF Score™ is 75/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Mesa Laboratories (MLAB), the current Degree of Operating Leverage is 0.95 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mesa Laboratories (MLAB) Overvalued in 2026?
Based on GuruFocus' analysis, Mesa Laboratories stock appears to be overvalued.
The current stock price of $128.06 is trading 20.5% above its estimated GF Value™ of $106.24.
GuruFocus considers Mesa Laboratories to be Modestly Overvalued.
Key valuation signals for MLAB:
Degree of Operating Leverage: 0.95
GF Value™: $106.24 vs. price of $128.06 (20.5% above fair value)
Industry Position: 13.2% below the Hardware median (#1180 of 2430)
No single metric tells the full story. See the MLAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mesa Laboratories Inc manufactures life sciences tools and critical quality control solutions. It operates in four divisions: i) Sterilization and Disinfection Control, which manufactures and sells biological, chemical, and cleaning indicators used to assess the effectiveness of sterilization, decontamination, disinfection, and cleaning processes. ii) Clinical Genomics division develops, manufactures, and sells sensitive, low-cost, high-throughput genetic analysis tools and related consumables. iii) The Biopharmaceutical Development division develops, manufactures, and sells automated systems for protein analysis (immunoassays) and peptide synthesis solutions. iv) The Calibration Solutions division develops, manufactures, sells, and services quality control products.
75GF Score
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