NASDAQ : TECH
Bio-Techne Corporation — Financial statements
Healthcare · Biotechnology · United States
Last price 72.71 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 11.40B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Bio-Techne Corporation (TECH) reported revenue of 1.22B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.22B | 1.22B | 1.22B | 1.16B | 1.14B | 1.11B |
| Cost of Revenue | 410.16M | 410.16M | 408.52M | 385.26M | 366.49M | 347.51M |
| Gross Profit | 804.88M | 804.88M | 811.12M | 773.80M | 770.22M | 758.09M |
| Selling, General & Admin | 435.56M | 435.56M | 488.21M | 428.54M | 396.61M | 391.89M |
| Research & Development | 94.77M | 94.77M | 99.50M | 96.66M | 92.49M | 87.14M |
| Operating Expenses | 530.33M | 530.33M | 587.71M | 525.20M | 489.11M | 479.03M |
| Operating Income | 274.55M | 274.55M | 223.41M | 248.60M | 281.11M | 279.06M |
| Interest Expense | -9.63M | -9.63M | -8.51M | -15.74M | -11.21M | -11.31M |
| Interest & Investment Income | 4.22M | 4.22M | 3.89M | 3.32M | 3.41M | 794.00K |
| Earnings From Equity Investments | 887.00K | 887.00K | 938.00K | -6.84M | -1.14M | |
| Currency Exchange Gain (Loss) | -97.00K | -97.00K | 1.45M | -726.00K | 676.00K | 699.00K |
| Other Non Operating Income (Expenses) | -731.00K | -731.00K | -1.55M | -1.30M | -1.34M | -186.00K |
| EBT Excluding Unusual Items | 269.20M | 269.20M | 219.62M | 227.32M | 271.50M | 269.06M |
| Merger & Restructuring Charges | -28.78M | -28.78M | -40.65M | -19.95M | 5.74M | 15.46M |
| Gain (Loss) on Sale of Investments | -5.86M | -5.86M | 283.00K | 49.33M | 15.19M | |
| Asset Writedown | 6.12M | 6.12M | -80.50M | -21.96M | -18.71M | |
| Other Unusual Items | 12.10M | 20.40M | ||||
| Pretax Income | 240.68M | 240.68M | 98.46M | 185.69M | 338.66M | 301.39M |
| Income Tax Expense | 58.82M | 58.82M | 25.06M | 17.58M | 53.22M | 38.29M |
| Earnings From Continuing Operations | 181.86M | 181.86M | 73.40M | 168.10M | 285.44M | 263.10M |
| Minority Interest in Earnings | -179.00K | 8.95M | ||||
| Net Income | 181.86M | 181.86M | 73.40M | 168.10M | 285.26M | 272.05M |
| Preferred Dividends & Other Adjustments | 22.00K | 22.00K | 37.00K | 33.00K | 70.00K | 121.00K |
| Net Income to Common | 181.84M | 181.84M | 73.36M | 168.07M | 285.19M | 271.93M |
| Shares Outstanding (Basic) | 155.96M | 155.96M | 157.52M | 157.71M | 157.18M | 156.87M |
| Shares Outstanding (Diluted) | 157.01M | 157.01M | 159.72M | 160.77M | 161.85M | 164.11M |
| EPS (Basic) | 1.17 | 1.17 | 0.47 | 1.07 | 1.81 | 1.73 |
| EPS (Diluted) | 1.16 | 1.16 | 0.46 | 1.05 | 1.76 | 1.66 |
| Free Cash Flow | 263.22M | 263.22M | 256.55M | 236.10M | 216.15M | 280.36M |
| Free Cash Flow Per Share | 1.68 | 1.68 | 1.61 | 1.47 | 1.33 | 1.71 |
| Dividend Per Share | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |
| Gross Margin | 66.24% | 66.24% | 66.51% | 66.76% | 67.76% | 68.57% |
| Operating Margin | 22.60% | 22.60% | 18.32% | 21.45% | 24.73% | 25.24% |
| Profit Margin | 14.97% | 14.97% | 6.02% | 14.50% | 25.09% | 24.60% |
| Free Cash Flow Margin | 21.66% | 21.66% | 21.04% | 20.37% | 19.02% | 25.36% |
| EBITDA | 334.11M | 334.11M | 289.31M | 313.71M | 344.05M | 339.53M |
| EBITDA Margin | 27.50% | 27.50% | 23.72% | 27.07% | 30.27% | 30.71% |
| D&A For EBITDA | 59.56M | 59.56M | 65.90M | 65.11M | 62.94M | 60.47M |
| EBIT | 274.55M | 274.55M | 223.41M | 248.60M | 281.11M | 279.06M |
| EBIT Margin | 22.60% | 22.60% | 18.32% | 21.45% | 24.73% | 25.24% |
| Effective Tax Rate | 24.44% | 24.44% | 25.45% | 9.47% | 15.71% | 12.70% |
| Advertising Expenses | 3.00M | 3.00M | 3.20M | 4.10M | 4.80M | 4.60M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 264.71M | 264.71M | 162.19M | 151.79M | 180.57M | 172.57M |
| Short-Term Investments | 767.00K | 767.00K | 1.07M | 23.74M | 74.46M | |
| Cash & Short-Term Investments | 265.48M | 265.48M | 162.19M | 152.86M | 204.31M | 247.03M |
| Receivables | 216.59M | 216.59M | 206.88M | 241.39M | 218.47M | 194.55M |
| Inventory | 195.74M | 195.74M | 189.45M | 179.73M | 171.64M | 141.12M |
| Other Current Assets | 66.59M | 66.59M | 49.79M | 43.43M | 27.07M | 22.86M |
| Total Current Assets | 744.40M | 744.40M | 608.30M | 617.42M | 621.48M | 605.56M |
| Property, Plant & Equipment | 299.17M | 299.17M | 319.12M | 342.44M | 324.53M | 288.80M |
| Long-Term Investments | 245.83M | 245.83M | 250.98M | 252.15M | 272.71M | 36.03M |
| Goodwill | 975.36M | 975.36M | 980.93M | 972.66M | 872.74M | 822.10M |
| Other Intangible Assets | 303.46M | 303.46M | 365.60M | 507.08M | 534.64M | 531.52M |
| Other Long-Term Assets | 18.51M | 18.51M | 32.93M | 12.12M | 12.59M | 10.80M |
| Total Assets | 2.59B | 2.59B | 2.56B | 2.70B | 2.64B | 2.29B |
| Accounts Payable | 26.70M | 26.70M | 25.31M | 37.97M | 25.68M | 33.87M |
| Accrued Expenses | 77.19M | 77.19M | 90.35M | 74.70M | 51.63M | 79.84M |
| Current Portion of Long-Term Debt | 12.98M | |||||
| Current Portion of Leases | 14.94M | 14.94M | 14.10M | 12.92M | 11.20M | 11.93M |
| Current Income Taxes Payable | 3.59M | 3.59M | 10.77M | 3.71M | 12.02M | 13.24M |
| Current Unearned Revenue | 36.07M | 36.07M | 32.57M | 27.93M | 23.07M | 23.41M |
| Other Current Liabilities | 5.21M | 5.21M | 2.75M | 2.15M | 4.91M | 767.00K |
| Total Current Liabilities | 163.70M | 163.70M | 175.85M | 159.38M | 128.51M | 176.02M |
| Long-Term Debt | 200.00M | 200.00M | 346.00M | 319.00M | 350.00M | 243.41M |
| Long-Term Leases | 74.15M | 74.15M | 83.96M | 87.62M | 93.77M | 58.13M |
| Long-Term Unearned Revenue | 2.33M | 2.33M | 2.73M | 2.27M | 1.53M | 2.09M |
| Long-Term Deferred Tax Liabilities | 19.31M | 19.31M | 6.17M | 55.86M | 88.98M | 98.99M |
| Other Long-Term Liabilities | 19.02M | 19.02M | 24.35M | 10.89M | 9.39M | 15.14M |
| Total Liabilities | 478.50M | 478.50M | 639.06M | 635.02M | 672.18M | 593.79M |
| Common Stock | 1.56M | 1.56M | 1.55M | 1.58M | 1.58M | 1.57M |
| Additional Paid-In Capital | 1.03B | 1.03B | 911.09M | 820.34M | 721.54M | 652.47M |
| Retained Earnings | 1.14B | 1.14B | 1.07B | 1.33B | 1.31B | 1.12B |
| Comprehensive Income & Other | -70.58M | -70.58M | -59.88M | -78.32M | -66.06M | -75.20M |
| Total Common Equity | 2.11B | 2.11B | 1.92B | 2.07B | 1.97B | 1.70B |
| Minority Interest | -759.00K | |||||
| Shareholders' Equity | 2.11B | 2.11B | 1.92B | 2.07B | 1.97B | 1.70B |
| Total Liabilities & Equity | 2.59B | 2.59B | 2.56B | 2.70B | 2.64B | 2.29B |
| Total Debt | 289.09M | 289.09M | 444.06M | 419.54M | 454.96M | 326.45M |
| Net Cash (Debt) | -23.61M | -23.61M | -281.87M | -266.68M | -250.66M | -79.42M |
| Net Cash Per Share | -0.15 | -0.15 | -1.76 | -1.66 | -1.55 | -0.48 |
| Filing Date Shares Outstanding | 156.82M | 156.82M | 155.55M | 158.60M | 158.17M | 156.85M |
| Total Common Shares Outstanding | 156.10M | 156.10M | 154.97M | 158.22M | 157.64M | 156.64M |
| Working Capital | 580.70M | 580.70M | 432.45M | 458.04M | 492.97M | 429.54M |
| Book Value Per Share | 13.51 | 13.51 | 12.38 | 13.08 | 12.47 | 10.86 |
| Tangible Book Value | 829.40M | 829.40M | 572.27M | 589.11M | 559.13M | 348.15M |
| Tangible Book Value Per Share | 5.31 | 5.31 | 3.69 | 3.72 | 3.55 | 2.22 |
| Land | 8.11M | 8.11M | 8.15M | 8.15M | 9.10M | 8.57M |
| Buildings | 259.69M | 259.69M | 254.35M | 243.86M | 245.30M | 229.55M |
| Machinery | 254.84M | 254.84M | 245.92M | 215.95M | 190.02M | 174.81M |
| Construction In Progress | 17.45M | 17.45M | 23.42M | 39.75M | 15.49M | 21.73M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 181.86M | 181.86M | 73.40M | 168.10M | 285.44M | 272.05M |
| Depreciation & Amortization | 59.56M | 59.56M | 65.90M | 65.11M | 62.94M | 60.47M |
| Other Amortization | 37.80M | 37.80M | 44.00M | 46.60M | 44.30M | 40.60M |
| Loss (Gain) From Sale of Assets | -6.79M | -6.79M | 80.50M | 21.96M | -11.68M | |
| Asset Writedown & Restructuring Costs | 3.91M | 3.91M | 21.31M | 2.63M | 19.26M | |
| Loss (Gain) From Sale of Investments | 5.86M | 5.86M | -37.18M | -15.00M | ||
| Loss (Gain) on Equity Investments | -887.00K | -887.00K | -938.00K | 6.84M | 1.14M | |
| Stock-Based Compensation | 41.37M | 41.37M | 40.83M | 38.04M | 39.23M | 42.18M |
| Other Operating Activities | 10.69M | 10.69M | -49.00M | -40.21M | -39.23M | -24.77M |
| Change in Accounts Receivable | -10.79M | -10.79M | 34.13M | -20.53M | -20.87M | -57.60M |
| Change in Inventory | -8.23M | -8.23M | -18.14M | -14.21M | -30.17M | -32.01M |
| Change in Accounts Payable | 3.18M | 3.18M | -13.95M | 25.77M | -7.91M | 12.74M |
| Change in Income Taxes | -23.05M | -23.05M | 8.47M | -10.60M | -2.49M | 2.67M |
| Change in Other Net Operating Assets | -2.41M | -2.41M | 1.04M | 9.47M | -29.14M | 4.68M |
| Operating Cash Flow | 292.07M | 292.07M | 287.56M | 298.98M | 254.39M | 325.27M |
| Capital Expenditures | -28.85M | -28.85M | -31.01M | -62.88M | -38.24M | -44.91M |
| Sale of Property, Plant & Equipment | 4.62M | 4.62M | 2.45M | |||
| Cash Acquisitions | -169.71M | -101.18M | ||||
| Divestitures | 17.82M | |||||
| Investment in Securities | 6.04M | 6.04M | -6.62M | 29.55M | -144.04M | -26.94M |
| Other Investing Activities | -25.00M | |||||
| Investing Cash Flow | -18.19M | -18.19M | -35.18M | -203.03M | -265.65M | -96.85M |
| Long-Term Debt Issued | 104.00M | 225.00M | 619.66M | 90.00M | ||
| Long-Term Debt Repaid | -146.00M | -146.00M | -77.00M | -256.00M | -525.66M | -175.50M |
| Net Debt Issued (Repaid) | -146.00M | -146.00M | 27.00M | -31.00M | 94.00M | -85.50M |
| Issuance of Common Stock | 80.62M | 80.62M | 51.74M | 60.94M | 29.81M | 77.16M |
| Repurchase of Common Stock | -53.82M | -53.82M | -282.25M | -101.91M | -48.45M | -184.41M |
| Common Dividends Paid | -49.92M | -49.92M | -50.39M | -50.42M | -50.28M | -50.19M |
| Other Financing Activities | -2.46M | 88.00K | ||||
| Financing Cash Flow | -169.11M | -169.11M | -253.91M | -122.40M | 22.62M | -242.85M |
| Foreign Exchange Rate Adjustments | -2.24M | -2.24M | 11.93M | -2.33M | -3.36M | -12.09M |
| Net Cash Flow | 102.53M | 102.53M | 10.39M | -28.78M | 8.00M | -26.52M |
| Free Cash Flow | 263.22M | 263.22M | 256.55M | 236.10M | 216.15M | 280.36M |
| Free Cash Flow Margin | 21.66% | 21.66% | 21.04% | 20.37% | 19.02% | 25.36% |
| Free Cash Flow Per Share | 1.68 | 1.68 | 1.61 | 1.47 | 1.33 | 1.71 |
| Levered Free Cash Flow | 229.65M | 229.65M | 287.81M | 215.59M | 184.46M | 214.22M |
| Unlevered Free Cash Flow | 235.67M | 235.67M | 293.12M | 225.43M | 191.47M | 221.29M |
| Cash Interest Paid | 14.39M | 14.39M | 18.95M | 14.50M | 8.37M | 11.03M |
| Cash Income Tax Paid | 64.15M | 64.15M | 74.36M | 65.25M | 88.43M | 30.34M |
| Change in Working Capital | -41.30M | -41.30M | 11.54M | -10.11M | -90.58M | -69.52M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.40B | 11.01B | 8.07B | 11.29B | 12.85B | 13.60B |
| Enterprise Value | 11.42B | 11.09B | 8.35B | 11.64B | 13.17B | 13.70B |
| Last Close Price | 72.66 | 70.57 | 51.08 | 70.79 | 80.29 | 84.90 |
| PE Ratio | 62.66 | 60.54 | 109.94 | 67.18 | 45.06 | 50.01 |
| Forward PE | 35.70 | 35.26 | 25.74 | 36.72 | 36.57 | 39.55 |
| PS Ratio | 9.38 | 9.06 | 6.61 | 9.74 | 11.31 | 12.30 |
| PB Ratio | 5.38 | 5.22 | 4.20 | 5.46 | 6.54 | 8.00 |
| P/TBV Ratio | 13.74 | 13.27 | 14.09 | 19.17 | 22.98 | 39.06 |
| P/FCF Ratio | 43.29 | 41.83 | 31.44 | 47.82 | 59.46 | 48.51 |
| P/OCF Ratio | 39.01 | 37.69 | 28.05 | 37.77 | 50.52 | 41.81 |
| PEG Ratio | 7.40 | 2.39 | 6.48 | 3.10 | 2.47 | |
| EV/Sales Ratio | 9.40 | 9.12 | 6.84 | 10.04 | 11.59 | 12.39 |
| EV/EBITDA Ratio | 34.17 | 33.18 | 28.86 | 37.10 | 38.27 | 40.34 |
| EV/EBIT Ratio | 41.59 | 40.38 | 37.37 | 46.82 | 46.84 | 49.08 |
| EV/FCF Ratio | 43.38 | 42.11 | 32.54 | 49.30 | 60.92 | 48.85 |
| Debt / Equity Ratio | 0.14 | 0.14 | 0.23 | 0.20 | 0.23 | 0.19 |
| Debt / EBITDA Ratio | 0.81 | 0.81 | 1.42 | 1.25 | 1.25 | 0.91 |
| Debt / FCF Ratio | 1.10 | 1.10 | 1.73 | 1.78 | 2.10 | 1.16 |
| Net Debt / Equity Ratio | 0.01 | 0.01 | 0.15 | 0.13 | 0.13 | 0.05 |
| Net Debt / EBITDA Ratio | 0.07 | 0.07 | 0.97 | 0.85 | 0.73 | 0.23 |
| Net Debt / FCF Ratio | 0.09 | 0.09 | 1.10 | 1.13 | 1.16 | 0.28 |
| Asset Turnover | 0.47 | 0.47 | 0.46 | 0.43 | 0.46 | 0.48 |
| Inventory Turnover | 2.13 | 2.13 | 2.21 | 2.19 | 2.34 | 2.69 |
| Quick Ratio | 2.94 | 2.94 | 2.10 | 2.47 | 3.29 | 2.51 |
| Current Ratio | 4.55 | 4.55 | 3.46 | 3.87 | 4.84 | 3.44 |
| Return on Equity (ROE) | 9.03% | 9.03% | 3.68% | 8.33% | 15.57% | 16.08% |
| Return on Assets (ROA) | 6.67% | 6.67% | 5.31% | 5.82% | 7.12% | 7.65% |
| Return on Invested Capital (ROIC) | 9.66% | 9.58% | 7.34% | 9.89% | 11.85% | 13.73% |
| Return on Capital Employed (ROCE) | 11.30% | 11.30% | 9.40% | 9.80% | 11.20% | 13.20% |
| Earnings Yield | 1.60% | 1.65% | 0.91% | 1.49% | 2.22% | 2.00% |
| FCF Yield | 2.31% | 2.39% | 3.18% | 2.09% | 1.68% | 2.06% |
| Dividend Yield | 0.44% | 0.45% | 0.61% | 0.45% | 0.39% | 0.37% |
| Payout Ratio | 27.59% | 27.45% | 68.65% | 29.99% | 17.63% | 18.45% |
| Buyback Yield / Dilution | 1.70% | 1.70% | 0.66% | 0.67% | 1.38% | -1.35% |
| Total Shareholder Return | 2.14% | 2.15% | 1.27% | 1.12% | 1.77% | -0.98% |