What is Neogen's debt-to-equity?

Neogen (NEOG) reported debt-to-equity of 0.4× in Q4 2025.

How has Neogen's debt-to-equity changed year-over-year?

Neogen's debt-to-equity increased by 12.4% year-over-year, from 0.3× to 0.4×.

What is the long-term trend for Neogen's debt-to-equity?

Over 4 years (2021 to 2025), Neogen's debt-to-equity has grown at a 248.4% compound annual growth rate (CAGR), from 0× to 0.4×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Neogen NEOG Debt-to-equity

Debt-to-equity at other companies

Thermo Fisher ScientificTMO

0.8×+0.1×

Idexx LaboratoriesIDXX

0.4×-0.1×

ZoetisZTS

3.1×+1.6×

RevvityRVTY

0.5×+0.1×

TEC

Bio-TechneTECH

0.1×-0.1×

Agilent TechnologiesA

0.5×-0.1×

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$1.92B+12.0%

Enterprise value$2.56B+4.4%

P/S2.2×+0.3×

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

Current ratio3.9×0.0×

Where this comes from

Calculated from Neogen’s reported figures.

total debt/total stockholders equity=0.4×

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 debt-to-equity?: Neogen (NEOG) reported debt-to-equity of 0.4× in Q4 2025.
How has Neogen's debt-to-equity changed year-over-year?: Neogen's debt-to-equity increased by 12.4% year-over-year, from 0.3× to 0.4×.
What is the long-term trend for Neogen's debt-to-equity?: Over 4 years (2021 to 2025), Neogen's debt-to-equity has grown at a 248.4% compound annual growth rate (CAGR), from 0× to 0.4×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.