What is Neogen's inventory turnover?

Neogen (NEOG) reported inventory turnover of 2.4× in Q4 2025.

How has Neogen's inventory turnover changed year-over-year?

Neogen's inventory turnover increased by 3.9% year-over-year, from 2.3× to 2.4×.

What is the long-term trend for Neogen's inventory turnover?

Over 4 years (2021 to 2025), Neogen's inventory turnover has grown at a -2.8% compound annual growth rate (CAGR), from 2.6× to 2.3×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Neogen NEOG Inventory turnover

Inventory turnover at other companies

Idexx LaboratoriesIDXX

4.3×+0.5×

ZoetisZTS

1.1×0.0×

Agilent TechnologiesA

3.3×+0.2×

Bio-Rad LaboratoriesBIO

1.6×+0.1×

NeoGenomicsNEO

14.2×-0.7×

Merck & Co.MRK

3.2×-0.6×

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.

total cost of revenue/inventories=2.4×

Based on trailing twelve months.

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 inventory turnover?: Neogen (NEOG) reported inventory turnover of 2.4× in Q4 2025.
How has Neogen's inventory turnover changed year-over-year?: Neogen's inventory turnover increased by 3.9% year-over-year, from 2.3× to 2.4×.
What is the long-term trend for Neogen's inventory turnover?: Over 4 years (2021 to 2025), Neogen's inventory turnover has grown at a -2.8% compound annual growth rate (CAGR), from 2.6× to 2.3×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.