Neogen Corporation (NEOG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NEOG Revenue Growth
Revenue Breakdown (FY 2025)
NEOG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NEOG Revenue Analysis (2014–2025)
As of May 8, 2026, Neogen Corporation (NEOG) generated trailing twelve-month (TTM) revenue of $880.3 million, reflecting slight decline in growth of -2.8% year-over-year. The most recent quarter (Q2 2026) recorded $224.7 million in revenue, up 7.4% sequentially.
Looking at the longer-term picture, NEOG's 5-year compound annual growth rate (CAGR) stands at +16.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $924.2 million in 2024.
Revenue diversification analysis shows NEOG's business is primarily driven by Product (89%), and Service (11%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including IDXX (+13.1% YoY), BCAL, and QDEL (-3.9% YoY), NEOG has underperformed the peer group in terms of revenue growth. Compare NEOG vs IDXX →
NEOG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NEOGCurrent | $880M | -2.8% | +16.4% | 1.1% | |
 IDXX | $4.3B | +13.1% | +9.7% | 31.6% | |
 BCAL | $233M | - | - | 37.8% | |
 QDEL | $2.7B | -3.9% | +10.4% | -33.7% | |
 NVAX | $1.1B | -52.5% | +118.8% | 50.1% | |
 BIO | $2.6B | +1.9% | +0.3% | 10.5% |
NEOG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $894.7M | -3.2% | $421.4M | 47.1% | $9.4M | 1.1% |
| 2024 | $924.2M | +12.4% | $462.6M | 50.1% | $77.4M | 8.4% |
| 2023 | $822.4M | +56.0% | $406.0M | 49.4% | $37.5M | 4.6% |
| 2022 | $527.2M | +12.5% | $243.0M | 46.1% | $58.6M | 11.1% |
| 2021 | $468.5M | +12.0% | $215.1M | 45.9% | $74.2M | 15.8% |
| 2020 | $418.2M | +1.0% | $196.3M | 46.9% | $67.5M | 16.1% |
| 2019 | $414.2M | +4.1% | $191.9M | 46.3% | $68.1M | 16.4% |
| 2018 | $397.9M | +10.0% | $186.3M | 46.8% | $70.2M | 17.6% |
| 2017 | $361.6M | +12.5% | $172.0M | 47.6% | $64.9M | 18.0% |
| 2016 | $321.3M | +13.5% | $153.1M | 47.6% | $56.4M | 17.6% |
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Start ComparisonNEOG — Frequently Asked Questions
Quick answers to the most common questions about buying NEOG stock.
Is NEOG's revenue growth accelerating or slowing?
NEOG revenue growth slowed to -2.8%, below the 5-year CAGR of +16.4%. TTM revenue is $880M. The deceleration marks a shift from historical growth rates.
What is NEOG's long-term revenue growth rate?
Neogen Corporation's 5-year revenue CAGR of +16.4% reflects the variable expansion pattern. Current YoY growth of -2.8% is near this long-term average.
How is NEOG's revenue distributed by segment?
NEOG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.