Neogen (NEOG) Gross Margin (2010 - 2026)
Neogen (NEOG) recorded quarterly Gross Margin of 46.88% in Q1 2026, down 1.27% quarter-over-quarter from 47.48% in Q4 2025, and down 303.0% on a YoY basis from 23.09% in Q1 2025.
Neogen (NEOG) Gross Margin (2010 - 2026) Analysis & Trends
Neogen's Gross Margin history runs 17 years deep, the most recent figure standing at 46.88% for Q1 2026.
- In Q1 2026, Gross Margin fell 303.0% year-over-year to 46.88%; the TTM figure through Feb 2026 stood at 45.21% (down 358.0% YoY), while the FY2025 annual figure was 47.1%, down 309.0% from the prior year.
- Gross Margin was 46.88% for Q1 2026 at Neogen, down from 47.48% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 51.08% in Q1 2024 to a low of 41.19% in Q2 2025.
- Historically, Gross Margin has averaged 48.04% across 5 years, with a median of 48.36% in 2024.
- The sharpest annual moves came in 2023 and 2025: Gross Margin jumped 470 bps in 2023, then tumbled 673 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 48.92% in 2022, then increased by 4 bps to 50.85% in 2023, then dropped by 4 bps to 49.01% in 2024, then fell by 3 bps to 47.48% in 2025, then declined by 1 bps to 46.88% in 2026.
- The last three Gross Margin figures came in at 46.88% (Q1 2026), 47.48% (Q4 2025), and 45.4% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 43.89% |
| 10 | Neogen | 2.03 Bn | 1.87 Bn | 99.00 Mn | 46.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 46.88% |
| Nov 30, 2025 | 47.48% |
| Aug 31, 2025 | 45.40% |
| May 31, 2025 | 41.19% |
| Feb 28, 2025 | 49.91% |
| Nov 30, 2024 | 49.01% |
| Aug 31, 2024 | 48.36% |
| May 31, 2024 | 47.92% |
| Feb 29, 2024 | 51.08% |
| Nov 30, 2023 | 50.85% |
| Aug 31, 2023 | 50.99% |
| May 31, 2023 | 50.94% |
| Feb 28, 2023 | 49.47% |
| Nov 30, 2022 | 48.92% |
| Aug 31, 2022 | 47.05% |
| May 31, 2022 | 46.40% |
| Feb 28, 2022 | 44.77% |
| Nov 30, 2021 | 46.43% |
| Aug 31, 2021 | 46.77% |
| May 31, 2021 | 45.27% |