Company Analysis

Neogen Corporation (NEOG)

Nasdaq: NEOG · In Vitro & In Vivo Diagnostic Substances · Lansing, MI · filing with the SEC since 1995
Grade5.5
◀ Past 6.3● Present 5.8▶ Future 4.3

The grade of Neogen Corporation

Nine metrics read from its own filings, by tense
Headline grade
5.5/10
◀ Past6.330% of the headline
● Present5.840% of the headline
▶ Future4.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.3/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.8/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2025-01-10.

weight 33% of this tense · 58th percentile among 18 sector filers · read for itself

From the record

Neogen Corporation's filings since 2017 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2025-01-10) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.4/10

What has it actually done, year after year?

+10.4% a year over 10 filed years; profitable in 6 of 10.

weight 45% of this tense · 74th percentile among 17 sector filers · read for its customers

From the record

Neogen Corporation's 10 filed years say what it did: revenue went from $358 million in fiscal 2017 to $870 million in fiscal 2026, up 10.4% a year; it rose in 7 of 9 years; the deepest fall was 6% from fiscal 2024 to fiscal 2026; net income was positive in 6 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span10.4%top 41% of its family
  • the share of years revenue rosetop 29% of its family
  • the share of filed years with a profittop 21% of its family
  • the deepest fall from a revenue peak5.8%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.0/10

How has it treated the people who own it?

Share count grew 4.8% a year. 0% of cash flow returned. Insiders: 1 sales, 6 purchases.

weight 22% of this tense · 50th percentile among 5 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-05-31, Neogen Corporation's diluted share count grew about 4.8% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 6 purchases of their own stock on the open market in the year to 2026-11-04, buying about $12 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 19% of its family
  • cash returned against operating cash flowbottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.8/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
6.5/10

Is it financially healthy right now?

ROE 0%: lost 0¢ per shareholder dollar. Leverage 37%: owes 37¢ per asset dollar.

weight 45% of this tense · 65th percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-05-31, Neogen Corporation lost about 0 cents for every dollar of shareholders' money, and gross profitability: its products earned about 12 cents per dollar of everything the company owns. Leverage: it owed about 37 cents per dollar of assets, and net share issuance: its share count grew 0.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 42% of its family
  • return on equitytop 23% of its family
  • gross profit against assetsbottom 38% of its family
  • the share count against the year beforetop 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.9/10

How strong is its position in its industry?

top 31% of 17 in its family; net margin -0.9%.

weight 33% of this tense · 69th percentile among 17 sector filers · read for its customers

From the record

Neogen Corporation's standing among 17 graded names in its industry family: revenue of $870 million in fiscal 2026 ranks in the top 21% by size; a net margin of -0.9% ranks in the top 21%; revenue growth of 1.9% a year over the last 3 filed years ranks in the bottom 47% (its annual reports).

What it rests on

  • revenue against the family$870Mtop 21% of its family
  • net margin-0.9%top 21% of its family
  • three-year revenue growth1.9%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.8/10

What are the people in charge doing?

bottom 28% of 15 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 28th percentile among 15 sector filers · read for its shareholders

From the record

Neogen Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Nassif, Mikheal (CEO, as filed), filing under that title since 2025-08-19, 1.2 years (bottom 29% of its family); the 23 officers and directors filing in the last fifteen months have been on the record a median of 3.9 years (bottom 32%); 16 officer or director changes were reported on Form 8-K since 2023-11-13, against the 23 people in charge now (bottom 23%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge16 in three years among 23 peoplebottom 23% of its family
  • the median years the people in charge have filed3.9 yearsbottom 32% of its family
  • the chief executive's years on the record1.2 yearsbottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.5/10

How much room does it have to grow?

bottom 35% of 16 in its family for room to expand.

weight 45% of this tense · 35th percentile among 16 sector filers · read for itself

From the record

Neogen Corporation's room to grow, from the newest filed statements (fiscal 2026): cash of $186 million against debt of $794 million leaves -18.2% of its assets as net cash, bottom 14% of its family; cash from operations less capital spending is 3.7% of revenue (top 22%); a gross margin of 46.9% (bottom 46%); research spending of 2.1% of revenue (bottom 3%) (its annual report).

What it rests on

  • cash less debt against assets-18.2%bottom 14% of its family
  • cash from operations less capital spending against revenue3.7%top 22% of its family
  • gross margin46.9%bottom 46% of its family
  • research spending against revenue2.1%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.6/10

What could actually drive growth from here?

bottom 36% of 17 in its family for growth drivers.

weight 33% of this tense · 36th percentile among 17 sector filers · read for its customers

From the record

Neogen Corporation's growth drivers, from the filed years to fiscal 2026: revenue grew 1.9% a year over the last three filed years against 10.4% over all 10, slowing (bottom 10% of its family); the newest year grew -2.7% (bottom 32%); research spending grew -10.9% a year (bottom 38%); capital spending grew -7.9% a year (top 37%) (its annual reports). Neogen Corporation reported 2 lines of business in fiscal 2026: Food Safety at $641 million (74%), Animal Safety at $229 million (26%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-8.5 points a yearbottom 10% of its family
  • the newest year's revenue growth-2.7%bottom 32% of its family
  • three-year growth of research spending-10.9%bottom 38% of its family
  • three-year growth of capital spending-7.9%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.1/10

Did its newest year beat what its own record pointed to?

top 29% of 16 in its family for expectations against reality.

weight 22% of this tense · 71st percentile among 16 sector filers · read for its shareholders

From the record

Neogen Corporation's newest year against its own record: revenue of $870 million in fiscal 2026 came in 6.7% below the $933 million its prior three years' pace pointed to (top 50% of its family); net income of $8 million against a prior three-year average of $375 million (top 3%); a net margin of -0.9% against -41.9% before (top 34%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-6.7%top 50% of its family
  • net income against the prior three years' average+98%top 3% of its family
  • net margin against its prior average+41.0 pointstop 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NEOG · research, not advice