Neogen Corp
NASDAQ:NEOG

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Neogen Corp
NASDAQ:NEOG
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Price: 13.07 USD 0.69% Market Closed
Market Cap: 2.8B USD
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Gross Margin
Neogen Corp

49.6%
Current
48%
Average
47.1%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
49.6%
=
Gross Profit
452.1m
/
Revenue
912.2m

Gross Margin Across Competitors

Country US
Market Cap 2.8B USD
Gross Margin
50%
Country JP
Market Cap 7.1T JPY
Gross Margin
86%
Country CH
Market Cap 37.7B CHF
Gross Margin
55%
Country DK
Market Cap 177.1B DKK
Gross Margin
68%
Country US
Market Cap 16.1B USD
Gross Margin
70%
Country KR
Market Cap 10.5T KRW
Gross Margin
15%
Country CN
Market Cap 51.1B CNY
Gross Margin
72%
Country US
Market Cap 6.5B USD
Gross Margin
65%
Country CA
Market Cap 6.4B USD
Gross Margin
61%
Country UK
Market Cap 4.6B GBP
Gross Margin
56%
Country US
Market Cap 5.6B USD
Gross Margin
47%
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Neogen Corp
Glance View

Market Cap
2.8B USD
Industry
Health Care

Founded in 1982, Neogen Corp. has steadily carved out its niche at the intersection of food safety and animal health, positioning itself as a vital player in agricultural diagnostics. The company's journey began in Lansing, Michigan, where it initially focused on innovative solutions to meet the growing demands of food safety and quality testing. By developing rapid tests for detecting foodborne bacteria and allergens, Neogen tapped into a critical market, addressing the increasing concerns about food safety amidst a complex global supply chain. This foundation in diagnostics set the stage for the growth Neogen would see over the ensuing decades. As Neogen expanded, it strategically diversified its offerings, moving beyond food safety into the broader realm of animal health. This expansion was not merely about developing products; it was about advancing the means by which farms and food producers monitor and ensure the health of their livestock and crops. The company's profits flow from the sale of its diagnostic products, which help minimize risks associated with food contamination and animal diseases. By providing a suite of solutions, from DNA testing for genetic traits and diseases in cattle to disinfectants and rodenticides that maintain farm hygiene, Neogen creates value for its clients by increasing their operational efficiency and safeguarding public health. This strategic blend of food safety and animal health products places Neogen at the heart of modern agricultural and food production systems, where safety and efficiency are paramount.

NEOG Intrinsic Value
14.76 USD
Undervaluation 11%
Intrinsic Value
Price
What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
49.6%
=
Gross Profit
452.1m
/
Revenue
912.2m
What is the Gross Margin of Neogen Corp?

Based on Neogen Corp's most recent financial statements, the company has Gross Margin of 49.6%.