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Neogen

NEOG

Neogen Corp is a global leader in food and animal safety, providing a comprehensive suite of diagnostic products, services, and genomics testing.

Market cap
$2.58B+149%
Revenue$870.5M-3.9%
Net income-$608.8M-25.5%
Free cash flow-$71.9M+8.6%
EPS (diluted)-$2.80-25.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 8, 2026 (in 2 months)
Revenue estimate$207.9M
EPS estimate$0.05

Financials

Q3 2026

Income statement

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Revenue$211.2M-4.4%
Gross profit$99.0M-10.2%
Operating income-$3.3M-161%
Net income-$17.0M-56.0%
EPS (diluted)-$0.08-60.0%

Balance sheet

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Cash & equivalents$159.9M+25.2%
Total debt$793.3M-11.2%
Total equity$2.1B-21.0%
Total assets$3.4B-16.8%

Cash flow

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Operating cash flow$22.7M+16.7%
CapEx$11.6M-64.7%
Free cash flow$11.1M+182%

Valuation & ratios

Valuation

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Market cap$2.58B+149%
Enterprise value$3.21B+78.0%
P/S+1.8×

Profitability

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Gross margin45.2%-3.6pp
Operating margin-73.1%+77.7pp
Net margin-69.9%+30.8pp

Returns & leverage

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Return on equity-25.6%+28.8pp
Debt / equity0.4×0.0×
Current ratio3.9×0.0×

Segments

By product

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Indicator Testing And Culture Media$83.0M
Bacterial And General Sanitation$42.1M+5.5%
Genomics Services$22.8M+0.4%
Biosecurity Products$18.9M-46.9%
Natural Toxins And Allergens$17.9M+1.7%

By segment

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Food Safety$156.7M+2.6%
Animal Safety$54.5M-20.1%

By geography

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Non Us$108.9M+3.1%

Competitors

Profile

Neogen Corp is a global leader in food and animal safety, providing a comprehensive suite of diagnostic products, services, and genomics testing. The company's core value proposition lies in ensuring global food security by helping producers and processors detect contaminants, manage biosecurity, and optimize animal genetics. Their business model is heavily driven by the sale of proprietary consumables and diagnostic kits used across the entire agricultural and food production value chain.

Competitive position

Neogen maintains a leading position by offering a uniquely broad integrated line of both food and animal safety products, which differentiates it from competitors who typically specialize in only one niche.

GeographiesUnited States, United Kingdom, Brazil, China, Australia, Canada, Mexico
Customer segmentsAgricultural producers, Food manufacturers, Veterinary clinics, Retailers
Business modelManufacturing, Consumables, Service-as-a-Product, Subscription SaaS
SuppliersRaw material suppliers for culture media, Third-party instrument manufacturers, Technology licensors, Specialty chemical suppliers
CustomersGlobal food and beverage processors, Livestock and grain producers, Veterinary distributors, Farm and ranch retailers, Government food safety agencies
Listed1989
Employees2.6K
CEOMikhael Nassif
Websiteneogen.com
FilingsSEC EDGAR

FAQ

What is Neogen's market cap?
Neogen (NEOG) has a market capitalization of $2.6B and trades on NASDAQ.
What is Neogen's revenue and profitability?
Neogen generated $870.5M in trailing twelve-month revenue with a net loss of $608.8M, representing a net margin of -69.9%. Gross margin stands at 45.2%, with free cash flow of -$71.9M. These figures are based on the Q1 2026 filing.
Who are Neogen's competitors?
Neogen's key competitors include Zoetis, IDEXX Laboratories, Thermo Fisher Scientific, and others. These companies compete in similar markets and product categories.
Who does Neogen partner with?
Neogen's notable partners include 3M Company.
What subsidiaries does Neogen have?
Neogen's subsidiaries include Megazyme, Ltd., Genetic Veterinary Sciences, Inc., Quat Chem, Ltd., and others.
Where is Neogen headquartered?
Neogen is headquartered in United States of America and employs approximately 2,640 people. It has been publicly traded since 1989.