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Financials · NEOG

Neogen Corporation (NEOG) financials

For the twelve months ended Aug 31, 2026, Neogen Corporation reported $883.99M of revenue and -$56.10M of net income.

Revenue, TTM
$883.99M
Revenue growth, YoY
-0.3%
Net income, TTM
-$56.10M
Net margin
-6.3%
Free cash flow, TTM
$49.80M
EPS, diluted, TTM
-$0.26
Cash
$172.00M
Total debt
$774.20M
P/S
2.90
Market cap
$2.57B
Annual revenue$870.40M
FY2017FY2026
Annual net income-$7.90M
FY2017FY2026
Annual free cash flow$31.90M
FY2017FY2026

NEOG revenue and earnings growth

NEOG revenueQ1 2027$222.80M

Quarter YoY
+6.5%
QoQ
-1.1%
FY YoY
-2.7%
5Y CAGR
+13.2%
10Y CAGR
+10.5%

NEOG revenue was $222.80M in fiscal Q1 2027 (ended Aug 31, 2026), up 6.5% from a year earlier and down 1.1% from the prior quarter. For the full fiscal 2026 it was $870.40M, down 2.7% from fiscal 2025. Compound annual growth was +13.2% over 5 years and +10.5% over 10 years. It rose in 8 of the last 10 fiscal years.

NEOG net incomeQ1 2027-$11.90M

NEOG net income was -$11.90M in fiscal Q1 2027 (ended Aug 31, 2026), compared with $36.30M a year earlier. For the full fiscal 2026 it was -$7.90M, compared with -$1.09B in fiscal 2025.

NEOG EPSQ1 2027-$0.05

NEOG diluted EPS was -$0.05 in fiscal Q1 2027 (ended Aug 31, 2026), compared with $0.17 a year earlier. For the full fiscal 2026 it was -$0.04, compared with -$5.03 in fiscal 2025.

NEOG free cash flowQ1 2027$4.70M

QoQ
-82.1%
5Y CAGR
-10.1%
10Y CAGR
+4.2%

NEOG free cash flow was $4.70M in fiscal Q1 2027 (ended Aug 31, 2026), compared with -$13.20M a year earlier and down 82.1% from the prior quarter. For the full fiscal 2026 it was $31.90M, compared with -$46.40M in fiscal 2025. Compound annual growth was -10.1% over 5 years and +4.2% over 10 years.

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Income statement

Income statement
Line item
FY2026
May 31, 2026
FY2025
May 31, 2025
FY2024
May 31, 2024
FY2023
May 31, 2023
FY2022
May 31, 2022
FY2021
May 31, 2021
FY2020
May 31, 2020
FY2019
May 31, 2019
FY2018
May 31, 2018
FY2017
May 31, 2017
Revenue$870.40M$894.70M$924.20M$822.45M$527.16M$468.46M$418.17M$414.19M$397.93M$358.28M
Cost of revenue$461.90M$473.30M$460.30M$416.49M$284.15M$253.40M$221.89M$222.27M$211.66M$189.35M
Gross profit$408.50M$421.40M$463.90M$405.95M$243.01M$215.06M$196.28M$191.92M$186.27M$168.92M
Research and development$18.40M$21.10M$22.50M$26.04M$17.05M$16.25M$14.75M$12.80M$10.86M$10.38M
Selling, general and admin$245.10M$218.20M$199.90M$201.18M$82.74M$51.20M$44.33M$40.79M$38.29M$34.21M
Operating income-$21.60M-$1.06B$58.60M$37.52M$58.62M$74.17M$67.52M$68.09M$70.19M$64.94M
Interest expense$24.10M$38.10M$42.15M$27.25M------
Pre-tax income-$9.00M-$1.13B-$14.30M-$22.04M$60.21M$75.27M$72.31M$72.96M$73.47M$66.67M
Income tax-$1.10M-$41.10M-$4.90M$828.0K$11.90M$14.39M$12.83M$12.78M$10.25M$22.70M
Net income-$7.90M-$1.09B-$9.40M-$22.87M$48.31M$60.88M$59.48M$60.18M$63.15M$43.79M
EPS, basic-$0.04-$5.03-$0.04-$0.12$0.45$0.57$0.57$0.58$0.61$0.43
EPS, diluted-$0.04-$5.03-$0.04-$0.12$0.45$0.57$0.56$0.57$0.60$0.43
Diluted shares217.5M216.9M216.5M188.9M108.0M107.1M105.7M104.8M104.3M102.3M

Balance sheet

Balance sheet
Line item
FY2026
May 31, 2026
FY2025
May 31, 2025
FY2024
May 31, 2024
FY2023
May 31, 2023
FY2022
May 31, 2022
FY2021
May 31, 2021
FY2020
May 31, 2020
FY2019
May 31, 2019
FY2018
May 31, 2018
FY2017
May 31, 2017
Cash and equivalents$185.50M$129.00M$170.60M$163.20M$44.47M$75.60M$66.27M$41.69M$83.07M$77.57M
Short-term investments-$0$325.0K$82.33M$336.58M$305.49M$277.40M$225.84M$127.74M$66.07M
Receivables$146.80M$153.40M$173.00M$153.25M$99.67M$91.82M$84.68M$82.58M$79.09M$68.58M
Inventory$144.30M$190.80M$189.27M$133.81M$122.31M$100.70M$95.05M$85.99M$76.00M$73.14M
Current assets$604.60M$576.90M$589.23M$585.93M$626.80M$591.45M$537.41M$449.53M$375.79M$292.96M
Goodwill$1.05B$1.06B$2.14B$2.14B$142.70M$131.48M$110.34M$103.62M$99.56M$104.76M
Total assets$3.35B$3.44B$4.55B$4.55B$992.93M$920.19M$797.18M$695.74M$618.01M$528.41M
Current liabilities$158.20M$174.00M$154.32M$145.47M$77.84M$53.60M$48.49M$38.25M$38.69M$36.00M
Short-term debt$0$19.30M$2.45M-------
Long-term debt$793.70M$874.80M$888.39M$885.44M$0-----
Total debt$793.70M$894.10M$890.84M$885.44M$0-----
Total liabilities$1.25B$1.37B$1.40B$1.42B$105.56M$79.81M$72.00M$57.84M$57.83M$56.65M
Shareholders' equity$2.09B$2.07B$3.14B$3.13B$887.37M$840.38M$725.18M$637.90M$560.17M$471.76M

Cash flow

Cash flow
Line item
FY2026
May 31, 2026
FY2025
May 31, 2025
FY2024
May 31, 2024
FY2023
May 31, 2023
FY2022
May 31, 2022
FY2021
May 31, 2021
FY2020
May 31, 2020
FY2019
May 31, 2019
FY2018
May 31, 2018
FY2017
May 31, 2017
Operating cash flow$83.20M$58.20M$35.30M$41.03M$68.04M$81.09M$85.88M$63.84M$69.13M$60.27M
Capital expenditures$51.30M$104.60M$111.40M$65.76M$24.43M$26.71M$24.05M$14.66M$20.95M$14.58M
Free cash flow$31.90M-$46.40M-$76.10M-$24.73M$43.61M$54.38M$61.83M$49.18M$48.19M$45.70M
Investing cash flow$70.50M-$99.20M-$29.30M$201.04M-$97.23M-$105.56M-$88.78M-$119.15M-$83.08M-$62.14M
Financing cash flow-$99.40M-$1.60M$1.90M-$118.08M$6.81M$33.54M$29.41M$13.90M$22.84M$25.07M
Share repurchases-------$3.13M--
Stock-based compensation$13.40M$17.30M$13.80M$10.18M$7.15M$6.44M$6.47M$5.54M$4.91M$5.26M
Depreciation and amortization$116.30M$119.50M$116.70M$88.38M$23.69M$21.04M$18.40M$17.62M$17.06M$14.69M

Key ratios

Key ratios
Line item
FY2026
May 31, 2026
FY2025
May 31, 2025
FY2024
May 31, 2024
FY2023
May 31, 2023
FY2022
May 31, 2022
FY2021
May 31, 2021
FY2020
May 31, 2020
FY2019
May 31, 2019
FY2018
May 31, 2018
FY2017
May 31, 2017
Revenue growth, YoY-2.7%-3.2%12.4%56.0%12.5%12.0%1.0%4.1%11.1%11.5%
Net income growth, YoY-----20.7%2.4%-1.2%-4.7%44.2%19.8%
EPS growth, YoY-----21.1%1.8%-1.8%-5.8%40.7%19.4%
Gross margin46.9%47.1%50.2%49.4%46.1%45.9%46.9%46.3%46.8%47.1%
Operating margin-2.5%-118.6%6.3%4.6%11.1%15.8%16.1%16.4%17.6%18.1%
Net margin-0.9%-122.1%-1.0%-2.8%9.2%13.0%14.2%14.5%15.9%12.2%
Free cash flow margin3.7%-5.2%-8.2%-3.0%8.3%11.6%14.8%11.9%12.1%12.8%
Return on equity-0.4%-52.7%-0.3%-0.7%5.4%7.2%8.2%9.4%11.3%9.3%
Return on assets-0.2%-31.7%-0.2%-0.5%4.9%6.6%7.5%8.6%10.2%8.3%
Current ratio3.823.323.824.038.0511.0311.0811.759.718.14
Debt to equity0.380.430.280.280.00-----

Source: XBRL data Neogen Corporation files with the SEC, latest filing dated Oct 7, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 3-for-2, first reported Jan 9, 2014; 4-for-3, first reported Jan 5, 2018; 2-for-1, first reported Jul 30, 2021.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NEOG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NEOG$883.99M-0.3%-$56.10M-6.3%$2.57B
IDXX$4.66B+11.9%$1.18B25.4%$53.26B
ORKA---$132.89M-$6.81B
LNTH$1.56B+2.4%$269.90M17.3%$6.57B
CLDX$158.0K-93.9%-$309.06M-195608.9%$2.35B
NTLA$52.89M-8.1%-$426.14M-805.7%$1.59B
QDEL$2.59B-4.5%-$369.20M-14.2%$733.5M
ACHV---$114.04M-$691.0M
MYGN$803.60M-2.6%-$129.10M-16.1%$565.8M

NEOG FAQ

9 questions
  • What is NEOG revenue?
    Neogen Corporation (NEOG) reported $883.99M of revenue for the twelve months ended Aug 31, 2026. That is down 0.3% from the year before. Revenue for fiscal 2026 was $870.40M.
  • Is NEOG profitable?
    No. Neogen Corporation reported a net loss of $56.10M for the twelve months ended Aug 31, 2026.
  • How much cash and debt does NEOG have?
    Neogen Corporation reported $172.00M in cash and cash equivalents and $774.20M of debt on its most recent balance sheet in SEC filings.
  • How fast is NEOG revenue growing?
    Neogen Corporation's revenue changed -2.7% in fiscal 2026, to $870.40M. Its compound annual growth rate was +13.2% over 5 years and +10.5% over 10 years.
  • What is NEOG gross margin?
    Neogen Corporation's gross profit was $418.98M on $883.99M of revenue for the twelve months ended Aug 31, 2026, a gross margin of 47.4%.
  • What is NEOG free cash flow?
    Neogen Corporation generated $49.80M of free cash flow for the twelve months ended Aug 31, 2026, which is operating cash flow of $85.30M less capital expenditures.
  • What is NEOG earnings per share?
    Diluted earnings per share were -$0.26 for the twelve months ended Aug 31, 2026, from SEC filings, restated for any stock split those filings show.
  • When did NEOG last report financial results?
    The latest statements here come from Neogen Corporation's 10-Q filed on Oct 7, 2026, covering the period ended Aug 31, 2026.
  • Where does this NEOG financial data come from?
    Quantisnow builds these statements from the structured XBRL data Neogen Corporation files with the SEC. It is provided for information only and is not investment advice.