Neogen (NEOG) Gross Margin (2010 - 2026)
Neogen (NEOG) posted Gross Margin of 47.85% for Q2 2026, up 2.07% on a QoQ basis from 46.88% in Q1 2026, and up 665.0% year-over-year from 6.25% in Q2 2025.
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Neogen (NEOG) Gross Margin (2010 - 2026) Analysis & Trends
Neogen has reported Gross Margin for 17 years, with the latest figure at 47.85% in Q2 2026.
- On a quarterly basis, Gross Margin rose 665.0% year-over-year to 47.85% in Q2 2026; TTM through May 2026 was 46.93%, a 18.0% decrease from a year earlier, with the FY2026 full-year figure at 46.93%, down 17.0% from the prior year.
- Gross Margin was 47.85% for Q2 2026 at Neogen, up from 46.88% in the prior quarter.
- The five-year high for Gross Margin was 51.08% in Q1 2024, with the low at 41.2% in Q2 2025.
- Average Gross Margin over 5 years is 48.03%, with a median of 48.14% recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Gross Margin slumped 673 bps in 2025, then jumped 665 bps in 2026.
- Over 5 years, Gross Margin stood at 48.92% in 2022, then rose by 4 bps to 50.85% in 2023, then declined by 4 bps to 49.01% in 2024, then retreated by 3 bps to 47.48% in 2025, then grew by 1 bps to 47.85% in 2026.
- The last three Gross Margin figures came in at 47.85% (Q2 2026), 46.88% (Q1 2026), and 47.48% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.21 Bn | 27.10 Bn | 2.18 Bn | 41.17% |
| 2 | Lantheus Holdings | 6.56 Bn | 5.96 Bn | 241.86 Mn | 62.30% |
| 3 | Heartflow | 4.02 Bn | 3.64 Bn | 53.19 Mn | 83.00% |
| 4 | Neogen | 2.55 Bn | 2.36 Bn | 107.80 Mn | 47.85% |
| 5 | Butterfly Network | 1.88 Bn | 1.75 Bn | 23.29 Mn | 71.41% |
| 6 | Ceribell | 888.62 Mn | 759.36 Mn | 25.94 Mn | 92.32% |
| 7 | QuidelOrtho | 840.09 Mn | 716.69 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 36.44% |
| 9 | Prenetics Global | 345.96 Mn | 286.91 Mn | 30.20 Mn | 64.97% |
| 10 | CapsoVision | 334.08 Mn | 325.01 Mn | 1.87 Mn | 51.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 47.85% |
| Feb 28, 2026 | 46.88% |
| Nov 30, 2025 | 47.48% |
| Aug 31, 2025 | 45.40% |
| May 31, 2025 | 41.20% |
| Feb 28, 2025 | 49.91% |
| Nov 30, 2024 | 49.01% |
| Aug 31, 2024 | 48.36% |
| May 31, 2024 | 47.93% |
| 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% |