Neogen Corporation (NEOG)
Gross profit margin
| Nov 30, 2024 | Aug 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 451,913 | 455,344 | 473,600 | 464,681 | 460,446 | 405,955 | 347,772 | 297,220 | 245,275 | 243,013 | 235,705 | 232,142 | 224,762 | 215,056 | 209,094 | 200,575 | 198,387 | 196,279 | 195,080 | 194,378 |
| Revenue (ttm) | US$ in thousands | 1,792,485 | 1,780,298 | 1,817,638 | 1,800,899 | 1,778,001 | 1,592,370 | 1,401,365 | 1,227,465 | 1,062,406 | 1,054,318 | 901,557 | 761,778 | 730,744 | 692,784 | 674,433 | 757,462 | 743,068 | 727,266 | 727,954 | 723,616 |
| Gross profit margin | 25.21% | 25.58% | 26.06% | 25.80% | 25.90% | 25.49% | 24.82% | 24.21% | 23.09% | 23.05% | 26.14% | 30.47% | 30.76% | 31.04% | 31.00% | 26.48% | 26.70% | 26.99% | 26.80% | 26.86% |
November 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $451,913K ÷ $1,792,485K
= 25.21%
Neogen Corporation's gross profit margin has shown some variation over the past few years. It ranged from a low of 23.05% in May 2022 to a high of 31.04% in May 2021. The company experienced an increase in gross profit margin from the end of fiscal year 2021 to the first quarter of fiscal year 2022, where it reached 31.00% and 31.04%, respectively. However, the gross profit margin declined in successive quarters, dropping to 25.21% by the end of November 2024. Overall, despite the fluctuations, Neogen Corporation has generally maintained a gross profit margin in the range of mid-20s percentage, indicating its ability to generate profit after accounting for the cost of goods sold.
Peer comparison
Nov 30, 2024