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Neogen vs Trinity Biotech: revenue, profit, margins and growth compared

Neogen brought in $870.4M of revenue in fiscal 2026, Trinity Biotech $61.6M in fiscal 2024. Revenue changed by -2.7% at Neogen and +8.3% at Trinity Biotech on the year before, so Trinity Biotech grew faster. Neogen kept -0.9% of its revenue as net profit, Trinity Biotech -51.6%. Free cash flow was $31.9M at Neogen and -$4.6M at Trinity Biotech.

Side by side, latest fiscal year

NEOGTRIB
Fiscal year endedFY2026 (May 31, 2026)FY2024 (December 31, 2024)
Revenue$870.4M$61.6M
Revenue growth-2.7%+8.3%
Net income-$7.9M-$31.8M
Net margin-0.9%-51.6%
Free cash flow$31.9M-$4.6M
Free cash flow margin3.7%-7.5%
Earnings per share (diluted)-$0.04n/a
Cash$185.5M$5.2M
Debt$793.7Mn/a
Price to earningsn/an/a
Market value$3B$5.5M
Dividend yieldn/an/a
Rank by revenue in sector#157 of 646 · Health care#358 of 646 · Health care

Over the years

Revenue
NEOG FY2019: $414.2MNEOG FY2020: $418.2MNEOG FY2021: $468.5MNEOG FY2022: $527.2MNEOG FY2023: $822.4MNEOG FY2024: $924.2MNEOG FY2025: $894.7MNEOG FY2026: $870.4MTRIB FY2017: $99.1MTRIB FY2018: $97MTRIB FY2019: $90.4MTRIB FY2020: $102MTRIB FY2021: $81.1MTRIB FY2022: $62.5MTRIB FY2023: $56.8MTRIB FY2024: $61.6MFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
NEOG $870.4MTRIB $61.6M
Net income
NEOG FY2019: $60.2MNEOG FY2020: $59.5MNEOG FY2021: $60.9MNEOG FY2022: $48.3MNEOG FY2023: -$22.9MNEOG FY2024: -$9.4MNEOG FY2025: -$1.1BNEOG FY2026: -$7.9MTRIB FY2017: -$40.3MTRIB FY2018: -$22.1MTRIB FY2019: -$28.9MTRIB FY2020: -$6.4MTRIB FY2021: $875KTRIB FY2022: -$41MTRIB FY2023: -$24MTRIB FY2024: -$31.8MFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
NEOG -$7.9MTRIB -$31.8M
Net margin
NEOG FY2019: 14.5%NEOG FY2020: 14.2%NEOG FY2021: 13.0%NEOG FY2022: 9.2%NEOG FY2023: -2.8%NEOG FY2024: -1.0%NEOG FY2025: -122.1%NEOG FY2026: -0.9%TRIB FY2017: -40.6%TRIB FY2018: -22.8%TRIB FY2019: -32.0%TRIB FY2020: -6.3%TRIB FY2021: 1.1%TRIB FY2022: -65.6%TRIB FY2023: -42.3%TRIB FY2024: -51.6%FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
NEOG -0.9%TRIB -51.6%
Revenue growth
NEOG FY2020: +1.0%NEOG FY2021: +12.0%NEOG FY2022: +12.5%NEOG FY2023: +56.0%NEOG FY2024: +12.4%NEOG FY2025: -3.2%NEOG FY2026: -2.7%TRIB FY2018: -2.1%TRIB FY2019: -6.8%TRIB FY2020: +12.8%TRIB FY2021: -20.4%TRIB FY2022: -23.0%TRIB FY2023: -9.1%TRIB FY2024: +8.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
NEOG -2.7%TRIB +8.3%
Free cash flow
NEOG FY2019: $49.2MNEOG FY2020: $61.8MNEOG FY2021: $54.4MNEOG FY2022: $43.6MNEOG FY2023: -$24.7MNEOG FY2024: -$76.1MNEOG FY2025: -$46.4MNEOG FY2026: $31.9MTRIB FY2017: $4.4MTRIB FY2018: -$299KTRIB FY2019: $3.3MTRIB FY2020: $20.6MTRIB FY2021: $11.4MTRIB FY2022: -$2MTRIB FY2023: -$12.4MTRIB FY2024: -$4.6MFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
NEOG $31.9MTRIB -$4.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Neogen and Trinity Biotech

Which is bigger by revenue, Neogen or Trinity Biotech?

Neogen is bigger by revenue: $870.4M in fiscal 2026, against $61.6M for Trinity Biotech in fiscal 2024.

Which keeps more of its revenue as profit, Neogen or Trinity Biotech?

Neogen had a net margin of -0.9% in fiscal 2026; Trinity Biotech had -51.6% in fiscal 2024.

Which grew revenue faster, Neogen or Trinity Biotech?

In their latest fiscal years revenue changed by -2.7% at Neogen and +8.3% at Trinity Biotech.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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