A Business at a Glance
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NEOGEN CORP
NEOG
$2.0B
Mkt Cap
$9.40
-2.19%
NEOGEN CORP (NEOG) has a 5-year average return on invested capital (ROIC) of -2.1%. This is below average and may indicate limited pricing power.
NEOGEN CORP (NEOG) has a market capitalization of $2.0B. It is classified as a mid-cap stock.
NEOGEN CORP (NEOG) does not currently pay a regular dividend.
NEOGEN CORP (NEOG) operates in the In Vitro & In Vivo Diagnostic Substances industry, within the Healthcare sector.
NEOGEN CORP (NEOG) reported annual revenue of $895 million in its most recent fiscal year, based on SEC EDGAR filings.
NEOGEN CORP (NEOG) has a net profit margin of -122.1%. The company is currently unprofitable.
NEOGEN CORP (NEOG) generated $-46 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Neogen Corporation and its subsidiaries develop, manufacture and market a diverse line of products and services dedicated to food and animal safety. Our Food Safety segment consists primarily of diagnostic test kits and complementary products (e.g., culture media) sold to food and animal feed producers and processors to preserve the safety and quality of food to prevent contamination and foodborne illnesses such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, and ruminant by-products. These products also ensure the general hygiene of the food manufacturing environment. We also have products to determine food quality and nutritional components. The majority of the test kits are consumables, single-use, culture, immunoassay and nucleic acid detection products that rely on proprietary antibodies and RNA and DNA testing methodologies to produce rapid and accurate test results.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 871M | 895M | 924M | 822M | 527M | 468M |
| Net Income | -609M | -1.1B | -9.4M | -23M | 48M | 61M |
| EPS | $-2.81 | $-5.03 | $-0.04 | $-0.12 | $0.23 | $0.14 |
| Free Cash Flow | 6.1M | -46M | -76M | -25M | 44M | 54M |
| ROIC | -14.2% | -31.3% | 1.5% | 1.4% | 7.4% | 10.7% |
| Gross Margin | 45.2% | 47.1% | 50.2% | 49.4% | 46.1% | 45.9% |
| Debt/Equity | 0.76 | 0.43 | 0.28 | 0.57 | 0.00 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -636M | -1.1B | 59M | 38M | 59M | 74M |
| Operating Margin | -73.0% | -118.6% | 6.3% | 4.6% | 11.1% | 15.8% |
| ROE | -29.0% | -41.9% | -0.3% | -1.1% | 5.6% | 7.8% |
| Shares Outstanding | 218M | 217M | 236M | 191M | 215M | 427M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 247M | 283M | 321M | 362M | 398M | 414M | 418M | 468M | 527M | 822M | 924M | 895M | 871M |
| Gross Margin | 49.6% | 49.3% | 47.6% | 46.7% | 46.8% | 46.3% | 46.9% | 45.9% | 46.1% | 49.4% | 50.2% | 47.1% | 45.2% |
| R&D | 8.3M | 9.6M | 9.9M | 10M | 11M | 13M | 15M | 16M | 17M | 26M | 22M | 21M | 20M |
| SG&A | 24M | 25M | 29M | 34M | 38M | 41M | 44M | 51M | 83M | 201M | 200M | 218M | 239M |
| EBIT | 43M | 53M | 56M | 65M | 70M | 68M | 68M | 74M | 59M | 38M | 59M | -1.1B | -636M |
| Op. Margin | 17.5% | 18.8% | 17.6% | 18.0% | 17.6% | 16.4% | 16.1% | 15.8% | 11.1% | 4.6% | 6.3% | -118.6% | -73.0% |
| Net Income | 28M | 34M | 37M | 44M | 63M | 60M | 59M | 61M | 48M | -23M | -9.4M | -1.1B | -609M |
| Net Margin | 11.4% | 11.8% | 11.4% | 12.1% | 15.9% | 14.5% | 14.2% | 13.0% | 9.2% | -2.8% | -1.0% | -122.1% | -69.9% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 486K | 2.4M | 1.1B | 7.9M |
| Returns on Capital | |||||||||||||
| ROIC | 12.9% | 13.6% | 12.8% | 12.7% | 15.9% | 13.0% | 11.4% | 10.7% | 7.4% | 1.4% | 1.5% | -31.3% | -14.2% |
| ROE | 10.0% | 10.2% | 9.7% | 10.0% | 12.2% | 10.0% | 8.7% | 7.8% | 5.6% | -1.1% | -0.3% | -41.9% | -29.0% |
| ROA | 8.9% | 9.1% | 8.7% | 9.0% | 11.0% | 9.2% | 8.0% | 7.1% | 5.1% | -0.8% | -0.2% | -27.3% | -18.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 22M | 44M | 35M | 60M | 69M | 64M | 86M | 81M | 68M | 41M | 35M | 58M | 70M |
| Free Cash Flow | 10M | 34M | 21M | 46M | 48M | 49M | 62M | 54M | 44M | -25M | -76M | -46M | 6.1M |
| Owner Earnings | 8.8M | 29M | 18M | 40M | 47M | 41M | 61M | 54M | 37M | -58M | -95M | -79M | -62M |
| CapEx | 12M | 9.6M | 14M | 15M | 21M | 15M | 24M | 27M | 24M | 66M | 111M | 105M | 63M |
| Maint. CapEx | 9.2M | 11M | 12M | 15M | 17M | 18M | 18M | 21M | 24M | 88M | 117M | 119M | 117M |
| Growth CapEx | 2.4M | 0 | 2.0M | 0 | 3.9M | 0 | 5.7M | 5.7M | 735K | 0 | 0 | 0 | 0 |
| D&A | 9.2M | 11M | 12M | 15M | 17M | 18M | 18M | 21M | 24M | 88M | 117M | 119M | 117M |
| CapEx/OCF | 53.3% | 22.0% | 40.3% | 24.2% | 30.3% | 23.0% | 28.0% | 32.9% | 35.9% | 160.3% | 316.0% | 179.6% | 91.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 923K | 923K | 0 | 0 | 0 | 3.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.1% | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 3.7M | 4.5M | 5.5M | 5.3M | 4.9M | 5.5M | 6.5M | 6.4M | 7.2M | 10M | 14M | 17M | 15M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100M | 0 | 550M | 550M |
| Balance Sheet | |||||||||||||
| Net Debt | -76M | -114M | -108M | -144M | -196M | -268M | -344M | -381M | -381M | 1.5B | 720M | 765M | 1.4B |
| Cash & Equiv. | 41M | 66M | 55M | 78M | 83M | 42M | 66M | 76M | 44M | 163M | 171M | 129M | 160M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 885M | 888M | 875M | 793M |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.57 | 0.28 | 0.43 | 0.76 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 950.9 | 814.1 | 1.4 | 1.4 | -27.8 | -27.8 |
| Equity | 306M | 351M | 404M | 472M | 560M | 638M | 725M | 840M | 887M | 3.1B | 3.1B | 2.1B | 2.1B |
| Total Assets | 345M | 392M | 450M | 528M | 618M | 696M | 797M | 920M | 993M | 4.6B | 4.5B | 3.4B | 3.4B |
| Total Liabilities | 39M | 41M | 46M | 57M | 58M | 58M | 72M | 80M | 106M | 1.4B | 1.4B | 1.4B | 1.3B |
| Intangibles | 25M | 24M | 49M | 55M | 55M | 52M | 51M | 77M | 92M | 1.6B | 1.5B | 1.4B | 1.3B |
| Retained Earnings | 182M | 216M | 252M | 296M | 359M | 419M | 479M | 540M | 588M | 565M | 556M | -536M | -533M |
| Working Capital | 164M | 206M | 220M | 257M | 337M | 411M | 489M | 538M | 549M | 440M | 435M | 403M | 439M |
| Current Assets | 189M | 231M | 248M | 293M | 376M | 450M | 537M | 591M | 627M | 586M | 589M | 577M | 590M |
| Current Liabilities | 25M | 25M | 29M | 36M | 39M | 38M | 48M | 54M | 78M | 145M | 154M | 174M | 151M |
| Per Share Data | |||||||||||||
| EPS | 0.19 | 0.23 | 0.18 | 0.22 | 0.30 | 0.14 | 0.14 | 0.14 | 0.23 | -0.12 | -0.04 | -5.03 | -2.81 |
| Owner EPS | 0.06 | 0.19 | 0.09 | 0.20 | 0.23 | 0.10 | 0.14 | 0.13 | 0.17 | -0.30 | -0.40 | -0.36 | -0.29 |
| Book Value | 2.07 | 2.36 | 1.99 | 2.32 | 2.68 | 1.51 | 1.71 | 1.97 | 4.13 | 16.45 | 13.35 | 9.54 | 9.66 |
| Cash Flow/Share | 0.15 | 0.29 | 0.17 | 0.30 | 0.33 | 0.15 | 0.20 | 0.19 | 0.32 | 0.22 | 0.15 | 0.27 | -2.26 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 148.2M | 149.0M | 203.1M | 203.7M | 208.7M | 422.3M | 424.8M | 427.2M | 214.7M | 190.6M | 235.5M | 217.1M | 217.7M |
| Valuation | |||||||||||||
| P/E Ratio | 49.7 | 51.6 | 50.6 | 54.9 | 60.6 | 49.8 | 62.7 | 81.0 | 59.3 | N/A | N/A | N/A | -3.3 |
| P/FCF | 207.2 | 76.0 | 177.2 | 105.3 | 158.9 | 245.9 | 241.3 | 362.6 | 131.4 | N/A | N/A | N/A | 335.1 |
| EV/EBIT | 30.5 | 30.5 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 104.0 | 66.6 | N/A | N/A |
| Price/Book | 4.6 | 4.9 | 4.6 | 5.1 | 6.8 | 4.7 | 5.1 | 5.9 | 6.5 | 1.0 | 1.0 | 0.6 | 1.0 |
| Price/Sales | 55.9 | 42.2 | 40.6 | 6.3 | 7.7 | 8.7 | 8.4 | 9.1 | 16.1 | 4.2 | 4.5 | 3.1 | 2.4 |
| FCF Yield | 0.7% | 2.0% | 1.1% | 1.9% | 1.3% | 1.6% | 1.7% | 1.1% | 0.8% | -0.8% | -2.4% | -3.5% | 0.3% |
| Market Cap | 1.4B | 1.7B | 1.9B | 2.4B | 3.8B | 3.0B | 3.7B | 4.9B | 5.8B | 3.3B | 3.2B | 1.3B | 2.0B |
| Avg. Price | 15.65 | 16.63 | 19.28 | 22.50 | 29.39 | 34.37 | 32.94 | 40.01 | 39.23 | 18.21 | 17.72 | 12.66 | 9.40 |
| Year-End Price | 14.16 | 17.42 | 18.42 | 23.63 | 36.68 | 28.64 | 35.12 | 46.15 | 26.68 | 17.11 | 13.52 | 6.11 | 9.40 |
NEOGEN CORP passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 47.7%. At current prices, the estimated annualized return to fair value is -37.9%.
NEOGEN CORP (NEOG) has a debt-to-equity ratio of 0.43. This indicates a conservatively financed balance sheet.
NEOGEN CORP (NEOG) reported earnings per share (EPS) of $-5.03 in its most recent fiscal year.
NEOGEN CORP (NEOG) has a return on equity (ROE) of -41.9%. A negative ROE may indicate losses or negative equity.
NEOGEN CORP (NEOG) has a 5-year average gross margin of 47.7%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for NEOGEN CORP (NEOG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NEOGEN CORP (NEOG) has a book value per share of $9.54, based on its most recent annual SEC filing.
No recent press releases.