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Neogen NEOG Food Safety — Cost Of Revenue

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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$2.5B+125%
Enterprise value$3.13B+65.3%
P/S2.9×+1.6×

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:CostOfRevenue.

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
Total Revenues$160.5$56.3$216.8
Intersegment Revenue(3.8)(1.8)(5.6)
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

Item 1. Interim Condensed Consolidated Financial Statements

FAQ

What is Neogen's food safety — cost of revenue?
Neogen (NEOG) reported food safety — cost of revenue of $77.6M in Q4 2025.
How has Neogen's food safety — cost of revenue changed year-over-year?
Neogen's food safety — cost of revenue increased by 17.6% year-over-year, from $66M to $77.6M.
What is the long-term trend for Neogen's food safety — cost of revenue?
Over 2 years (2023 to 2025), Neogen's food safety — cost of revenue has grown at a 9.5% compound annual growth rate (CAGR), from $257.66M to $308.75M.
What does food safety — cost of revenue mean?
This metric represents the direct costs associated with producing and delivering the food safety products and services sold by the segment. It includes expenses such as raw materials, direct labor, and manufacturing overhead directly attributable to the food safety business. Monitoring this cost is essential for assessing the segment's gross margin efficiency and production cost management.

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