Neogen Corporation (NEOG)

Gross profit margin

		Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 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
Gross profit (ttm)	US$ in thousands	442,003	448,621	452,065	463,900	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
Revenue (ttm)	US$ in thousands	905,996	913,828	912,199	924,222	929,238	918,681	919,085	822,447	720,730	630,719	531,203	527,159	514,491	502,956	487,439	468,459	450,108	433,268	426,071	418,170
Gross profit margin		48.79%	49.09%	49.56%	50.19%	50.97%	50.58%	50.10%	49.36%	48.25%	47.12%	46.17%	46.10%	45.81%	46.16%	46.11%	45.91%	46.45%	46.29%	46.56%	46.94%

February 28, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $442,003K ÷ $905,996K
= 48.79%

Neogen Corporation's gross profit margin has shown fluctuations over the specified time period. It started at 46.94% as of May 31, 2020, and witnessed a gradual decline, reaching its lowest point at 45.81% by February 28, 2022. However, the trend reversed thereafter, with the gross profit margin increasing consistently. By February 28, 2025, the gross profit margin stood at 48.79%.

The overall analysis indicates that Neogen Corporation experienced a period of fluctuation and eventual improvement in its gross profit margin performance. This suggests potential shifts in the company's cost structure, pricing strategy, or operational efficiency during the period under review. Further investigation into the specific factors driving these changes could provide valuable insights into Neogen Corporation's financial performance and operational dynamics.