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Neogen NEOG Animal Safety — Operating Income

Other segment segments

Food Safety
$16.3M-15.5%

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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$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

Reported directly by Neogen in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 itemFood SafetyAnimal SafetyCorporate and Eliminations (1)Total
Net Revenue156.754.5211.2
Total Cost of Revenues77.634.6112.2
Operating Expenses62.814.225.3102.3
Operating Income (Loss)$16.3$5.7$(25.3)$(3.3)
Depreciation and Amortization$26.5$2.4$28.9
Interest Expense$14.5$14.5
Total Assets$2,910.1$289.0$159.9$3,359.0
Expenditures for Long-lived Assets$10.1$1.5$11.6

Item 1. Interim Condensed Consolidated Financial Statements

FAQ

What is Neogen's animal safety — operating income?
Neogen (NEOG) reported animal safety — operating income of $5.7M in Q4 2025.
How has Neogen's animal safety — operating income changed year-over-year?
Neogen's animal safety — operating income decreased by 16.2% year-over-year, from $6.8M to $5.7M.
What is the long-term trend for Neogen's animal safety — operating income?
Over 2 years (2022 to 2024), Neogen's animal safety — operating income has grown at a -13.5% compound annual growth rate (CAGR), from $52.55M to $39.32M.
What does animal safety — operating income mean?
Calculated as the segment revenue minus cost of revenue and operating expenses, representing the core profitability of the animal safety business. It indicates the segment's ability to generate sustainable earnings from its primary operations before interest and taxes.

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