What is NeoGenomics's inventory turnover?

NeoGenomics (NEO) reported inventory turnover of 14.2× in Q1 2026.

How has NeoGenomics's inventory turnover changed year-over-year?

NeoGenomics's inventory turnover decreased by 4.8% year-over-year, from 15× to 14.2×.

What is the long-term trend for NeoGenomics's inventory turnover?

Over 5 years (2020 to 2025), NeoGenomics's inventory turnover has grown at a 4.9% compound annual growth rate (CAGR), from 11.8× to 14.9×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

NeoGenomics NEO Inventory turnover

Inventory turnover at other companies

Labcorp HoldingsLH

20.4×+0.7×

Quest DiagnosticsDGX

36.4×-0.5×

Guardant HealthGH

4.7×+0.4×

GeneDx HoldingsWGS

10.8×+1.4×

Opko HealthOPK

5.8×-1.8×

Agilent TechnologiesA

3.3×+0.2×

Other financials

Income statement

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Revenue$186.7M+11.1%

Gross profit$80.9M+10.4%

Operating income-$18.2M+34.4%

Net income-$17.1M+34.0%

EPS (diluted)-$0.13+35.0%

Balance sheet

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Cash & equivalents$146.1M-57.8%

Total debt$66.3M+5.3%

Total equity$828.8M-6.7%

Total assets$1.3B-15.9%

Cash flow

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Operating cash flow-$8.1M+67.9%

CapEx$5.0M+11.1%

Free cash flow-$13.1M+56.0%

Valuation

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Market cap$1.68B+86.5%

Enterprise value$1.6B+159%

P/S2.3×+0.9×

Profitability

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Gross margin43.2%-1.1pp

Operating margin-14.2%+1.1pp

Net margin-13.3%+2.4pp

FCF margin-4.9%—

Returns & leverage

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Return on equity-11.6%+6.2pp

Debt / equity0.1×0.0×

Current ratio4.4×+2.4×

Where this comes from

Calculated from NeoGenomics’s reported figures.

total cost of revenue/inventories=14.2×

Based on trailing twelve months.

The official record: NeoGenomics’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NeoGenomics's inventory turnover?: NeoGenomics (NEO) reported inventory turnover of 14.2× in Q1 2026.
How has NeoGenomics's inventory turnover changed year-over-year?: NeoGenomics's inventory turnover decreased by 4.8% year-over-year, from 15× to 14.2×.
What is the long-term trend for NeoGenomics's inventory turnover?: Over 5 years (2020 to 2025), NeoGenomics's inventory turnover has grown at a 4.9% compound annual growth rate (CAGR), from 11.8× to 14.9×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.