NASDAQ : NEOG
Neogen Corporation — Financial statements
Healthcare · Medical Devices · United States
Last price 11.82 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.58B
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Financial statements
Neogen Corporation (NEOG) reported revenue of 884.00M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 884.00M | 870.40M | 894.70M | 924.20M | 822.45M | 527.16M |
| Cost of Revenue | 465.00M | 461.90M | 473.30M | 460.30M | 416.49M | 284.15M |
| Gross Profit | 419.00M | 408.50M | 421.40M | 463.90M | 405.95M | 243.01M |
| Selling, General & Admin | 406.50M | 411.70M | 399.90M | 382.80M | 342.40M | 141.76M |
| Research & Development | 19.80M | 18.40M | 21.10M | 22.50M | 26.04M | 17.05M |
| Operating Expenses | 426.30M | 430.10M | 421.00M | 405.30M | 368.44M | 158.81M |
| Operating Income | -7.30M | -21.60M | 400.00K | 58.60M | 37.52M | 84.20M |
| Interest Expense | -55.90M | -57.60M | -68.50M | -67.00M | -55.96M | -72.00K |
| Interest & Investment Income | 3.17M | 1.34M | ||||
| Currency Exchange Gain (Loss) | -6.20M | -5.80M | -3.70M | -5.20M | -5.32M | -40.00K |
| Other Non Operating Income (Expenses) | 2.10M | -400.00K | -2.60M | -700.00K | -1.44M | 362.00K |
| EBT Excluding Unusual Items | -67.30M | -85.40M | -74.40M | -14.30M | -22.04M | 85.79M |
| Merger & Restructuring Charges | -25.58M | |||||
| Impairment of Goodwill | -1.06B | |||||
| Gain (Loss) on Sale of Assets | -400.00K | 76.40M | ||||
| Asset Writedown | -2.10M | |||||
| Other Unusual Items | 2.70M | |||||
| Pretax Income | -67.70M | -9.00M | -1.13B | -14.30M | -22.04M | 60.21M |
| Income Tax Expense | -11.60M | -1.10M | -41.10M | -4.90M | 828.00K | 11.90M |
| Earnings From Continuing Operations | -56.10M | -7.90M | -1.09B | -9.40M | -22.87M | 48.31M |
| Net Income | -56.10M | -7.90M | -1.09B | -9.40M | -22.87M | 48.31M |
| Net Income to Common | -56.10M | -7.90M | -1.09B | -9.40M | -22.87M | 48.31M |
| Shares Outstanding (Basic) | 217.72M | 217.50M | 216.90M | 216.50M | 188.88M | 107.68M |
| Shares Outstanding (Diluted) | 217.72M | 217.50M | 216.90M | 216.50M | 188.88M | 108.02M |
| EPS (Basic) | -0.26 | -0.04 | -5.03 | -0.04 | -0.12 | 0.45 |
| EPS (Diluted) | -0.26 | -0.04 | -5.03 | -0.04 | -0.12 | 0.45 |
| Free Cash Flow | 49.80M | 31.90M | -46.40M | -76.10M | -24.73M | 43.61M |
| Free Cash Flow Per Share | 0.23 | 0.15 | -0.21 | -0.35 | -0.13 | 0.40 |
| Gross Margin | 47.40% | 46.93% | 47.10% | 50.20% | 49.36% | 46.10% |
| Operating Margin | -0.83% | -2.48% | 0.04% | 6.34% | 4.56% | 15.97% |
| Profit Margin | -6.35% | -0.91% | -122.05% | -1.02% | -2.78% | 9.16% |
| Free Cash Flow Margin | 5.63% | 3.67% | -5.19% | -8.23% | -3.01% | 8.27% |
| EBITDA | 109.00M | 94.70M | 119.90M | 175.30M | 125.89M | 107.89M |
| EBITDA Margin | 12.33% | 10.88% | 13.40% | 18.97% | 15.31% | 20.47% |
| D&A For EBITDA | 116.30M | 116.30M | 119.50M | 116.70M | 88.38M | 23.69M |
| EBIT | -7.30M | -21.60M | 400.00K | 58.60M | 37.52M | 84.20M |
| EBIT Margin | -0.83% | -2.48% | 0.04% | 6.34% | 4.56% | 15.97% |
| Effective Tax Rate | 19.77% | |||||
| Revenue as Reported | 884.00M | 870.40M | 894.70M | 924.20M | 822.45M | 527.16M |
| Advertising Expenses | 3.20M | 4.10M | 3.30M | 2.55M | 2.02M |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 172.00M | 185.50M | 129.00M | 170.61M | 163.24M | 44.47M |
| Short-Term Investments | 325.00K | 82.33M | 336.58M | |||
| Trading Asset Securities | 2.22M | 2.09M | ||||
| Cash & Short-Term Investments | 172.00M | 185.50M | 129.00M | 173.16M | 247.66M | 381.05M |
| Receivables | 136.20M | 146.80M | 153.40M | 173.00M | 153.25M | 99.67M |
| Inventory | 146.10M | 144.30M | 190.80M | 189.27M | 133.81M | 122.31M |
| Prepaid Expenses | 57.80M | 60.00M | 53.30M | 53.80M | 51.07M | 23.76M |
| Other Current Assets | 70.40M | 68.00M | 50.40M | 140.00K | ||
| Total Current Assets | 582.50M | 604.60M | 576.90M | 589.23M | 585.93M | 626.80M |
| Property, Plant & Equipment | 348.90M | 346.40M | 356.30M | 291.89M | 210.68M | 113.77M |
| Long-Term Investments | 229.00K | |||||
| Goodwill | 1.05B | 1.05B | 1.06B | 2.14B | 2.14B | 142.70M |
| Other Intangible Assets | 1.30B | 1.32B | 1.41B | 1.51B | 1.61B | 107.50M |
| Long-Term Deferred Tax Assets | 15.90M | 17.80M | 3.79M | 3.35M | ||
| Other Long-Term Assets | 28.40M | 13.90M | 17.40M | 16.41M | 11.87M | 2.16M |
| Total Assets | 3.30B | 3.35B | 3.44B | 4.55B | 4.55B | 992.93M |
| Accounts Payable | 77.60M | 79.10M | 79.60M | 83.06M | 76.67M | 34.61M |
| Accrued Expenses | 25.30M | 37.80M | 25.20M | 30.93M | 36.30M | 34.13M |
| Current Portion of Long-Term Debt | 100.00K | 600.00K | 17.30M | |||
| Current Portion of Leases | 4.70M | 8.00M | 7.55M | 3.28M | 1.44M | |
| Current Income Taxes Payable | 8.70M | 7.20M | 5.60M | 10.45M | 6.95M | 2.13M |
| Current Unearned Revenue | 3.60M | 3.60M | 5.60M | 4.63M | 4.62M | 5.46M |
| Other Current Liabilities | 34.20M | 25.20M | 32.70M | 17.70M | 17.66M | 78.00K |
| Total Current Liabilities | 149.50M | 158.20M | 174.00M | 154.32M | 145.47M | 77.84M |
| Long-Term Debt | 774.20M | 793.70M | 876.10M | 888.39M | 890.21M | |
| Long-Term Leases | 13.60M | 12.90M | 10.30M | 8.81M | 1.79M | |
| Long-Term Deferred Tax Liabilities | 251.40M | 257.60M | 280.90M | 326.72M | 353.43M | 17.01M |
| Other Long-Term Liabilities | 41.70M | 30.00M | 28.70M | 24.96M | 22.30M | 8.91M |
| Total Liabilities | 1.22B | 1.25B | 1.37B | 1.40B | 1.42B | 105.56M |
| Common Stock | 34.90M | 34.80M | 34.70M | 34.66M | 34.60M | 17.25M |
| Additional Paid-In Capital | 2.62B | 2.62B | 2.60B | 2.58B | 2.57B | 309.98M |
| Retained Earnings | -556.20M | -544.30M | -536.40M | 555.62M | 565.04M | 587.91M |
| Comprehensive Income & Other | -12.30M | -13.60M | -28.90M | -30.02M | -33.25M | -27.77M |
| Total Common Equity | 2.09B | 2.09B | 2.07B | 3.14B | 3.13B | 887.37M |
| Shareholders' Equity | 2.09B | 2.09B | 2.07B | 3.14B | 3.13B | 887.37M |
| Total Liabilities & Equity | 3.30B | 3.35B | 3.44B | 4.55B | 4.55B | 992.93M |
| Total Debt | 774.30M | 812.60M | 914.30M | 906.24M | 902.30M | 3.23M |
| Net Cash (Debt) | -602.30M | -627.10M | -785.30M | -733.08M | -654.64M | 377.82M |
| Net Cash Per Share | -2.77 | -2.88 | -3.62 | -3.39 | -3.47 | 3.50 |
| Filing Date Shares Outstanding | 218.31M | 218.06M | 217.21M | 216.69M | 216.31M | 107.84M |
| Total Common Shares Outstanding | 218.31M | 217.70M | 217.04M | 216.61M | 216.25M | 107.80M |
| Working Capital | 433.00M | 446.40M | 402.90M | 434.91M | 440.46M | 548.95M |
| Book Value Per Share | 9.56 | 9.61 | 9.54 | 14.51 | 14.49 | 8.23 |
| Tangible Book Value | -257.00M | -272.30M | -404.20M | -503.14M | -608.38M | 637.17M |
| Tangible Book Value Per Share | -1.18 | -1.25 | -1.86 | -2.32 | -2.81 | 5.91 |
| Land | 10.70M | 10.80M | 10.50M | 10.21M | 9.48M | |
| Buildings | 234.20M | 108.70M | 108.30M | 96.79M | 79.51M | |
| Machinery | 165.70M | 188.80M | 184.63M | 159.63M | 120.49M | |
| Construction In Progress | 69.80M | 186.20M | 113.97M | 52.24M | 5.97M |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -56.10M | -7.90M | -1.09B | -9.40M | -22.87M | 48.31M |
| Depreciation & Amortization | 121.80M | 121.90M | 125.70M | 121.20M | 90.47M | 24.13M |
| Other Amortization | 2.00M | 2.00M | 3.20M | 3.40M | 2.72M | |
| Loss (Gain) From Sale of Assets | 1.00M | -75.20M | 1.10M | 2.62M | ||
| Asset Writedown & Restructuring Costs | 1.07B | 600.00K | ||||
| Loss (Gain) From Sale of Investments | 2.02M | |||||
| Stock-Based Compensation | 11.50M | 13.40M | 17.30M | 13.80M | 10.18M | 7.15M |
| Other Operating Activities | -21.90M | -23.10M | -58.70M | -22.70M | -19.91M | -7.13M |
| Change in Accounts Receivable | -400.00K | 6.80M | 11.60M | -20.10M | -53.88M | -7.80M |
| Change in Inventory | 36.40M | 38.20M | -16.10M | -55.90M | 9.96M | -21.07M |
| Change in Accounts Payable | 4.40M | 19.80M | -400.00K | 13.80M | 18.64M | 20.24M |
| Change in Other Net Operating Assets | -13.40M | -12.70M | -1.10M | -10.50M | 1.08M | 4.21M |
| Operating Cash Flow | 85.30M | 83.20M | 58.20M | 35.30M | 41.03M | 68.04M |
| Capital Expenditures | -35.50M | -51.30M | -104.60M | -111.40M | -65.76M | -24.43M |
| Sale of Property, Plant & Equipment | 100.00K | 100.00K | 5.10M | 100.00K | 826.00K | |
| Cash Acquisitions | 11.72M | -38.74M | ||||
| Divestitures | 121.70M | |||||
| Investment in Securities | 300.00K | 82.00M | 254.25M | -34.05M | ||
| Investing Cash Flow | -35.40M | 70.50M | -99.20M | -29.30M | 201.04M | -97.23M |
| Long-Term Debt Issued | 550.00M | |||||
| Long-Term Debt Repaid | -100.10M | -550.30M | -400.00K | -100.00M | ||
| Net Debt Issued (Repaid) | -20.00M | -100.10M | -300.00K | -400.00K | -100.00M | |
| Issuance of Common Stock | 2.90M | 1.60M | 2.20M | 2.40M | 1.20M | 7.93M |
| Repurchase of Common Stock | -1.90M | -900.00K | -1.50M | -100.00K | ||
| Other Financing Activities | -2.00M | -19.28M | -1.12M | |||
| Financing Cash Flow | -19.00M | -99.40M | -1.60M | 1.90M | -118.08M | 6.81M |
| Foreign Exchange Rate Adjustments | 2.30M | 2.20M | 1.00M | -500.00K | -5.22M | -8.75M |
| Net Cash Flow | 33.20M | 56.50M | -41.60M | 7.40M | 118.77M | -31.13M |
| Free Cash Flow | 49.80M | 31.90M | -46.40M | -76.10M | -24.73M | 43.61M |
| Free Cash Flow Margin | 5.63% | 3.67% | -5.19% | -8.23% | -3.01% | 8.27% |
| Free Cash Flow Per Share | 0.23 | 0.15 | -0.21 | -0.35 | -0.13 | 0.40 |
| Levered Free Cash Flow | 38.94M | 69.50M | -30.86M | -51.47M | -651.75K | 48.14M |
| Unlevered Free Cash Flow | 71.87M | 103.50M | 8.75M | -12.99M | 31.60M | 48.19M |
| Cash Interest Paid | 56.50M | 58.30M | 68.10M | 73.20M | 42.62M | 72.00K |
| Cash Income Tax Paid | 15.50M | 17.70M | 26.50M | 22.30M | 15.47M | 17.24M |
| Change in Working Capital | 27.00M | 52.10M | -6.00M | -72.70M | -24.20M | -4.42M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.59B | 1.95B | 1.27B | 2.85B | 3.78B | 2.85B |
| Enterprise Value | 3.19B | 2.59B | 2.04B | 3.58B | 4.49B | 2.48B |
| Last Close Price | 11.82 | 8.97 | 5.86 | 13.15 | 17.49 | 26.46 |
| PE Ratio | 59.05 | |||||
| Forward PE | 35.12 | 35.41 | 13.47 | 25.78 | 94.54 | 40.09 |
| PS Ratio | 2.92 | 2.24 | 1.42 | 3.08 | 4.60 | 5.41 |
| PB Ratio | 1.24 | 0.93 | 0.61 | 0.91 | 1.21 | 3.21 |
| P/TBV Ratio | 4.48 | |||||
| P/FCF Ratio | 51.81 | 61.21 | 65.41 | |||
| P/OCF Ratio | 30.25 | 23.47 | 21.85 | 80.69 | 92.17 | 41.92 |
| PEG Ratio | 3.48 | 3.54 | 6.85 | 6.85 | 6.85 | 6.85 |
| EV/Sales Ratio | 3.60 | 2.97 | 2.28 | 3.88 | 5.46 | 4.70 |
| EV/EBITDA Ratio | 29.20 | 27.33 | 17.00 | 20.45 | 35.65 | 22.95 |
| EV/EBIT Ratio | 5,096.50 | 61.18 | 119.62 | 29.41 | ||
| EV/FCF Ratio | 63.91 | 81.12 | 56.79 | |||
| Debt / Equity Ratio | 0.37 | 0.39 | 0.44 | 0.29 | 0.29 | 0.00 |
| Debt / EBITDA Ratio | 6.73 | 8.05 | 7.21 | 5.02 | 7.02 | 0.03 |
| Debt / FCF Ratio | 15.55 | 25.47 | 0.07 | |||
| Net Debt / Equity Ratio | 0.29 | 0.30 | 0.38 | 0.23 | 0.21 | -0.43 |
| Net Debt / EBITDA Ratio | 5.53 | 6.62 | 6.55 | 4.18 | 5.20 | -3.50 |
| Net Debt / FCF Ratio | 12.09 | 19.66 | -16.93 | -9.63 | -26.47 | -8.66 |
| Asset Turnover | 0.27 | 0.26 | 0.22 | 0.20 | 0.30 | 0.55 |
| Inventory Turnover | 2.74 | 2.76 | 2.49 | 2.85 | 3.25 | 2.55 |
| Quick Ratio | 2.06 | 2.10 | 1.62 | 2.24 | 2.76 | 6.17 |
| Current Ratio | 3.90 | 3.82 | 3.32 | 3.82 | 4.03 | 8.05 |
| Return on Equity (ROE) | -2.67% | -0.38% | -41.88% | -0.30% | -1.14% | 5.59% |
| Return on Assets (ROA) | -0.14% | -0.40% | 0.01% | 0.80% | 0.84% | 5.50% |
| Return on Invested Capital (ROIC) | -0.27% | -0.78% | 0.01% | 1.53% | 1.75% | 13.91% |
| Return on Capital Employed (ROCE) | -0.20% | -0.70% | 0.00% | 1.30% | 0.90% | 9.20% |
| Earnings Yield | -2.19% | -0.40% | -85.86% | -0.33% | -0.60% | 1.69% |
| FCF Yield | 1.93% | 1.63% | -3.65% | -2.67% | -0.65% | 1.53% |
| Buyback Yield / Dilution | -0.32% | -0.28% | -0.18% | -14.62% | -74.86% | -0.84% |