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Neogen NEOG Gross Profit

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Other financials

Income statement

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Revenue$211.2M-4.4%
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$2.46B+138%
Enterprise value$3.1B+70.0%
P/S2.8×+1.7×

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.

The source filing: Neogen’s 10-Q, filed April 9, 2026.

Filed
Apr 9, 2026, 4:03 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-149599
Line itemThree months ended February 28, 2026Three months ended February 28, 2025Nine months ended February 28, 2026Nine months ended February 28, 2025
Cost of product revenues96.095.8296.6293.5
Cost of service revenues16.214.947.847.2
Total Cost of Revenues112.2110.7344.4340.7
Gross Profit99.0110.3300.7328.5
Operating Expenses
Sales and marketing38.244.6125.5136.9
General and administrative60.355.8186.4165.2
Goodwill impairment461.4

Item 1. Interim Condensed Consolidated Financial Statements

FAQ

What is Neogen's gross profit?
Neogen (NEOG) reported gross profit of $99M in Q4 2025.
How has Neogen's gross profit changed year-over-year?
Neogen's gross profit decreased by 10.2% year-over-year, from $110.3M to $99M.
What is the long-term trend for Neogen's gross profit?
Over 3 years (2022 to 2025), Neogen's gross profit has grown at a 20.1% compound annual growth rate (CAGR), from $243.01M to $421.43M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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