What is Neogen's cash ratio?

Neogen (NEOG) reported cash ratio of 1.1× in Q4 2025.

How has Neogen's cash ratio changed year-over-year?

Neogen's cash ratio increased by 17.4% year-over-year, from 0.9× to 1.1×.

What is the long-term trend for Neogen's cash ratio?

Over 4 years (2021 to 2025), Neogen's cash ratio has grown at a -14.9% compound annual growth rate (CAGR), from 1.4× to 0.7×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Neogen NEOG Cash ratio

Cash ratio at other companies

Thermo Fisher ScientificTMO

0.2×-0.1×

Idexx LaboratoriesIDXX

0.2×0.0×

ZoetisZTS

0.9×+0.4×

RevvityRVTY

0.7×-1.1×

Agilent TechnologiesA

0.8×+0.1×

Bio-Rad LaboratoriesBIO

0.6×-0.5×

Other financials

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

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Market cap$2B+86.4%

Enterprise value$2.63B+41.6%

P/S2.3×+1.1×

Profitability

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Gross margin45.2%-3.6pp

Operating margin-73.1%+77.7pp

Net margin-69.9%+30.8pp

FCF margin-14%—

Returns & leverage

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Return on equity-25.6%+28.8pp

Debt / equity0.4×0.0×

Current ratio3.9×0.0×

Where this comes from

Calculated from Neogen’s reported figures.

cash and equivalents/total current liabilities=1.1×

Based on the most recent quarter.

The official record: Neogen’s 10-Q, filed April 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Neogen's cash ratio?: Neogen (NEOG) reported cash ratio of 1.1× in Q4 2025.
How has Neogen's cash ratio changed year-over-year?: Neogen's cash ratio increased by 17.4% year-over-year, from 0.9× to 1.1×.
What is the long-term trend for Neogen's cash ratio?: Over 4 years (2021 to 2025), Neogen's cash ratio has grown at a -14.9% compound annual growth rate (CAGR), from 1.4× to 0.7×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.