What is Neogen's free cash flow margin?

Neogen (NEOG) reported free cash flow margin of -14% in Q2 2024.

What is the long-term trend for Neogen's free cash flow margin?

Over 2 years (2021 to 2024), Neogen's free cash flow margin has grown at a -14.4% compound annual growth rate (CAGR), from 11.6% to -8.5%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Neogen NEOG Free cash flow margin

Free cash flow margin at other companies

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15.7%-2.1pp

Idexx LaboratoriesIDXX

24.4%+2.8pp

ZoetisZTS

23.5%0.0pp

RevvityRVTY

17%-1.9pp

TEC

Bio-TechneTECH

22.3%+4.0pp

Agilent TechnologiesA

15%-2.9pp

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

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.

free cash flow/total revenue=-14%

Based on trailing twelve months.

The official record: Neogen’s 10-Q, filed October 10, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Neogen's free cash flow margin?: Neogen (NEOG) reported free cash flow margin of -14% in Q2 2024.
What is the long-term trend for Neogen's free cash flow margin?: Over 2 years (2021 to 2024), Neogen's free cash flow margin has grown at a -14.4% compound annual growth rate (CAGR), from 11.6% to -8.5%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.