Neogen (NEOG) Research & Development (2010 - 2026)
Neogen's Research & Development came in at $4.9 million for fiscal Q4 2026 (quarter ended May 31, 2026), down 22.2% from $6.3 million a year earlier but up 28.9% from the prior quarter.
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Analysis
Neogen (NEOG) Research & Development (2010 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Neogen's Research & Development was $18.4 million, down 12.8% from FY2025.
- Research & Development has declined in each of the last three fiscal years, though with a five-year compound annual growth rate of 2.5% (FY2021 to FY2026).
- Going back by fiscal year, Research & Development was $21.1 million in FY2025 (-6.2%), $22.5 million in FY2024 (-13.6%), $26.04 million in FY2023 (+52.7%) and $17.05 million in FY2022 (+4.9%).
- The five-year range for quarterly Research & Development is $3.8 million (fiscal Q3 2026) to $7.26 million (fiscal Q3 2023).
- Year-over-year, Research & Development has declined for four consecutive quarters, with an average decline of 8.6% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in fiscal Q4 2023 (growth of 84.1%), and the weakest in fiscal Q3 2024 (a decline of 33.1%).
- Business Quant data shows NEOG's Research & Development at $3.8 million (Q3 2026), $4.56 million (Q2 2026) and $5.13 million (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 278.90 Mn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 258.00 Mn |
| 10 | Neogen | 2.79 Bn | 2.16 Bn | 107.80 Mn | 4.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 4.90 Mn |
| Feb 28, 2026 | 3.80 Mn |
| Nov 30, 2025 | 4.56 Mn |
| Aug 31, 2025 | 5.13 Mn |
| May 31, 2025 | 6.30 Mn |
| Feb 28, 2025 | 4.50 Mn |
| Nov 30, 2024 | 5.11 Mn |
| Aug 31, 2024 | 5.20 Mn |
| May 31, 2024 | 5.17 Mn |
| Feb 29, 2024 | 4.85 Mn |
| Nov 30, 2023 | 5.76 Mn |
| Aug 31, 2023 | 6.72 Mn |
| May 31, 2023 | 7.05 Mn |
| Feb 28, 2023 | 7.26 Mn |
| Nov 30, 2022 | 6.85 Mn |
| Aug 31, 2022 | 4.88 Mn |
| May 31, 2022 | 3.83 Mn |
| Feb 28, 2022 | 4.56 Mn |
| Nov 30, 2021 | 4.33 Mn |
| Aug 31, 2021 | 4.33 Mn |
API Access
Neogen Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=NEOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NEOG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=NEOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();