Neogen (NEOG) Work In Process (2011 - 2026)
Neogen (NEOG) posted Work In Process of $8.0 million for Q2 2026, down 13.98% on a QoQ basis from $9.3 million in Q1 2026, and down 28.57% year-over-year from $11.2 million in Q2 2025.
Analysis
Neogen (NEOG) Work In Process (2011 - 2026) Analysis & Trends
Neogen has reported Work In Process for 13 years, with the latest figure at $8.0 million in Q2 2026.
- On a quarterly basis, Work In Process fell 28.57% year-over-year to $8.0 million in Q2 2026; TTM through May 2026 was $8.0 million, a 28.57% decrease from a year earlier, with the FY2026 full-year figure at $8.0 million, down 28.57% from the prior year.
- Work In Process was $8.0 million for Q2 2026 at Neogen, down from $9.3 million in the prior quarter.
- The five-year high for Work In Process was $14.3 million in Q1 2025, with the low at $5.4 million in Q2 2023.
- Average Work In Process over 5 years is $9.7 million, with a median of $10.7 million recorded in 2025.
- The sharpest annual moves came in 2024 and 2026: Work In Process soared 112.13% in 2024, then plunged 34.99% in 2026.
- Over 5 years, Work In Process stood at $6.4 million in 2022, then rose by 4.02% to $6.6 million in 2023, then jumped by 112.13% to $14.1 million in 2024, then dropped by 24.24% to $10.7 million in 2025, then decreased by 25.09% to $8.0 million in 2026.
- The last three Work In Process figures came in at $8.0 million (Q2 2026), $9.3 million (Q1 2026), and $10.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.54 Bn | 27.44 Bn | 2.18 Bn |
| 2 | Lantheus Holdings | 6.56 Bn | 5.97 Bn | 241.86 Mn |
| 3 | Heartflow | 4.04 Bn | 3.66 Bn | 53.19 Mn |
| 4 | Neogen | 2.59 Bn | 2.41 Bn | 107.80 Mn |
| 5 | Butterfly Network | 1.96 Bn | 1.84 Bn | 23.29 Mn |
| 6 | Ceribell | 928.74 Mn | 799.48 Mn | 25.94 Mn |
| 7 | QuidelOrtho | 866.04 Mn | 742.64 Mn | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn |
| 9 | Prenetics Global | 339.99 Mn | 280.94 Mn | 30.20 Mn |
| 10 | CapsoVision | 318.60 Mn | 309.52 Mn | 1.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 8.00 Mn |
| Feb 28, 2026 | 9.30 Mn |
| Nov 30, 2025 | 10.68 Mn |
| Aug 31, 2025 | 11.64 Mn |
| May 31, 2025 | 11.20 Mn |
| Feb 28, 2025 | 14.31 Mn |
| Nov 30, 2024 | 14.10 Mn |
| Aug 31, 2024 | 12.59 Mn |
| May 31, 2024 | 10.99 Mn |
| Feb 29, 2024 | 11.39 Mn |
| Nov 30, 2023 | 6.65 Mn |
| Aug 31, 2023 | 6.02 Mn |
| May 31, 2023 | 5.37 Mn |
| Feb 28, 2023 | 7.05 Mn |
| May 31, 2022 | 6.39 Mn |
| Nov 30, 2018 | 7.60 Mn |
| Aug 31, 2018 | 6.66 Mn |
| May 31, 2018 | 5.99 Mn |
| Feb 28, 2018 | 6.23 Mn |
| Nov 30, 2017 | 4.96 Mn |