Bio-Techne Corporation (TECH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 311.42M | 295.88M | 286.56M | 316.96M | 316.18M | 297.03M | 289.46M | 306.1M | 303.43M | 272.6M | 276.94M | 301.32M | 294.15M | 271.58M | 269.65M | 288.23M | 290.38M | 269.28M | 257.72M | 259.03M |
| Revenue Growth % | -1.51% | -0.39% | -1% | 3.55% | 4.2% | 8.96% | 4.52% | 1.59% | 3.16% | 0.37% | 2.7% | 4.54% | 1.3% | 0.86% | 4.63% | 11.27% | 19.23% | 20.08% | 26.21% | 47.31% |
| Cost of Goods Sold | 103.13M | 104.6M | 98.44M | 118.15M | 101.63M | 103.14M | 106.44M | 102.75M | 98.83M | 96.01M | 91.74M | 96.62M | 91.98M | 88.22M | 90.06M | 87.88M | 88.92M | 85.58M | 86.72M | 83.08M |
| COGS % of Revenue | 33.12% | 35.35% | 34.35% | 37.28% | 32.14% | 34.73% | 36.77% | 33.57% | 32.57% | 35.22% | 33.13% | 32.07% | 31.27% | 32.48% | 33.4% | 30.49% | 30.62% | 31.78% | 33.65% | 32.08% |
| Gross Profit | 208.29M | 191.28M | 188.11M | 198.81M | 214.56M | 193.89M | 183.02M | 203.35M | 204.6M | 176.59M | 185.19M | 204.7M | 202.16M | 183.36M | 179.59M | 200.35M | 201.46M | 183.69M | 171M | 175.94M |
| Gross Margin % | 66.88% | 64.65% | 65.65% | 62.72% | 67.86% | 65.27% | 63.23% | 66.43% | 67.43% | 64.78% | 66.87% | 67.93% | 68.73% | 67.52% | 66.6% | 69.51% | 69.38% | 68.22% | 66.35% | 67.92% |
| Gross Profit Growth % | -2.92% | -1.35% | 2.78% | -2.23% | 4.87% | 9.8% | -1.17% | -0.66% | 1.21% | -3.69% | 3.12% | 2.17% | 0.35% | -0.18% | 5.03% | 13.87% | 19.72% | 21.73% | 24.15% | 55.27% |
| Operating Expenses | 132.79M | 136.82M | 140.45M | 222.67M | 175.85M | 146.47M | 143.03M | 157.53M | 137.6M | 138.58M | 129.33M | 110.17M | 121.95M | 115.47M | 123.28M | 119.78M | 111.01M | 121.34M | 107.78M | 107.36M |
| OpEx % of Revenue | 42.64% | 46.24% | 49.01% | 70.25% | 55.62% | 49.31% | 49.41% | 51.46% | 45.35% | 50.84% | 46.7% | 36.56% | 41.46% | 42.52% | 45.72% | 41.56% | 38.23% | 45.06% | 41.82% | 41.45% |
| Selling, General & Admin | 109.34M | 113.69M | 116.21M | 23.22M | 151.27M | 121.45M | 119.16M | 60.48M | 111.84M | 115.67M | 105.33M | 60.81M | 99.24M | 93.01M | 99.38M | 62.86M | 89.27M | 100.69M | 86.17M | 51.61M |
| SG&A % of Revenue | 35.11% | 38.43% | 40.56% | 7.32% | 47.84% | 40.89% | 41.17% | 19.76% | 36.86% | 42.43% | 38.03% | 20.18% | 33.74% | 34.25% | 36.85% | 21.81% | 30.74% | 37.39% | 33.44% | 19.93% |
| Research & Development | 23.45M | 23.13M | 24.24M | 26.03M | 24.58M | 25.02M | 23.87M | 23.99M | 25.76M | 22.92M | 24M | 23.42M | 22.71M | 22.46M | 23.9M | 23.15M | 21.74M | 20.65M | 21.6M | 20.72M |
| R&D % of Revenue | 7.53% | 7.82% | 8.46% | 8.21% | 7.77% | 8.42% | 8.25% | 7.84% | 8.49% | 8.41% | 8.67% | 7.77% | 7.72% | 8.27% | 8.86% | 8.03% | 7.49% | 7.67% | 8.38% | 8% |
| Other Operating Expenses | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 1000K |
| Operating Income | 75.5M | 54.46M | 47.66M | -23.86M | 38.71M | 47.42M | 39.99M | 45.82M | 67M | 38M | 55.86M | 94.53M | 80.21M | 67.89M | 56.32M | 80.57M | 90.45M | 62.35M | 63.22M | 68.58M |
| Operating Margin % | 24.24% | 18.41% | 16.63% | -7.53% | 12.24% | 15.96% | 13.81% | 14.97% | 22.08% | 13.94% | 20.17% | 31.37% | 27.27% | 25% | 20.88% | 27.95% | 31.15% | 23.15% | 24.53% | 26.48% |
| Operating Income Growth % | 95.04% | 14.85% | 19.18% | -152.07% | -42.23% | 24.77% | -28.42% | -51.52% | -16.47% | -44.02% | -0.81% | 17.32% | -11.32% | 8.89% | -10.92% | 17.48% | 31.8% | 22.26% | 28.78% | 74.46% |
| EBITDA | 99.66M | 79.17M | 72M | 3.25M | 66.28M | 74.5M | 68.12M | 73.88M | 94.31M | 65.81M | 84.4M | 121.45M | 107.18M | 94.59M | 82.96M | 106.44M | 115.81M | 87.45M | 87.96M | 93.25M |
| EBITDA Margin % | 32% | 26.76% | 25.13% | 1.03% | 20.96% | 25.08% | 23.54% | 24.14% | 31.08% | 24.14% | 30.48% | 40.31% | 36.44% | 34.83% | 30.76% | 36.93% | 39.88% | 32.48% | 34.13% | 36% |
| EBITDA Growth % | 50.37% | 6.26% | 5.69% | -95.6% | -29.72% | 13.21% | -19.29% | -39.17% | -12.01% | -30.43% | 1.74% | 14.1% | -7.45% | 8.17% | -5.68% | 14.14% | 29.07% | 21.66% | 25.33% | 54.65% |
| D&A (Non-Cash Add-back) | 24.17M | 24.71M | 24.34M | 27.11M | 27.57M | 27.08M | 28.14M | 28.06M | 27.31M | 27.8M | 28.54M | 26.92M | 26.97M | 26.7M | 26.64M | 25.87M | 25.37M | 25.1M | 24.73M | 24.67M |
| EBIT | 75.5M | 52.95M | 50.92M | -20.68M | 40.28M | 45.02M | 42.35M | 44.17M | 65.09M | 37.72M | 54.45M | 92.02M | 81.56M | 76.3M | 107.51M | 81.56M | 71.27M | 89.08M | 70.79M | 10.4M |
| Net Interest Income | -2.24M | -1.27M | -1.96M | -1.59M | -981K | -800K | -1.25M | -1.6M | -3.29M | -3.51M | -4M | -2.67M | -393K | -1.39M | -3.36M | -2.32M | -2.33M | -2.66M | -3.22M | -3.12M |
| Interest Income | 981K | 897K | 971K | 585K | 1.03M | 1.35M | 926K | 905K | 712K | 816K | 890K | 1.03M | 974K | 968K | 433K | 188K | 168K | 245K | 193K | 167K |
| Interest Expense | 3.22M | 2.17M | 2.93M | 2.18M | 2.01M | 2.15M | 2.18M | 2.51M | 4M | 4.33M | 4.89M | 3.7M | 1.37M | 2.36M | 3.79M | 2.5M | 2.49M | 2.9M | 3.41M | 3.29M |
| Other Income/Expense | -4.27M | -3.68M | 333K | 1M | -434K | -4.54M | 184K | -4.16M | -5.91M | -4.62M | -6.3M | -6.21M | -15K | -1.46M | 47.4M | -1.52M | -21.68M | 23.83M | 4.16M | -61.47M |
| Pretax Income | 71.22M | 50.78M | 47.99M | -22.86M | 38.27M | 42.88M | 40.17M | 41.66M | 61.08M | 33.39M | 49.56M | 88.32M | 80.2M | 66.43M | 103.72M | 79.05M | 68.77M | 86.18M | 67.38M | 7.11M |
| Pretax Margin % | 22.87% | 17.16% | 16.75% | -7.21% | 12.11% | 14.43% | 13.88% | 13.61% | 20.13% | 12.25% | 17.9% | 29.31% | 27.26% | 24.46% | 38.46% | 27.43% | 23.68% | 32% | 26.15% | 2.75% |
| Income Tax | 20.18M | 12.78M | 9.81M | -5.18M | 15.69M | 7.99M | 6.57M | 1.07M | 12.03M | 5.92M | -1.44M | 12.83M | 9.98M | 16.42M | 13.98M | 17.14M | 8.63M | 14.12M | -1.6M | -7.53M |
| Effective Tax Rate % | 28.33% | 25.16% | 20.43% | 22.67% | 40.98% | 18.63% | 16.36% | 2.58% | 19.69% | 17.74% | -2.9% | 14.53% | 12.44% | 24.72% | 13.48% | 21.68% | 12.55% | 16.38% | -2.37% | -105.88% |
| Net Income | 51.06M | 38.01M | 38.19M | -17.68M | 22.59M | 34.89M | 33.6M | 40.59M | 49.06M | 27.46M | 50.99M | 75.48M | 70.22M | 50.01M | 89.56M | 61.52M | 60.74M | 80.17M | 69.61M | 14.96M |
| Net Margin % | 16.4% | 12.85% | 13.33% | -5.58% | 7.14% | 11.75% | 11.61% | 13.26% | 16.17% | 10.08% | 18.41% | 25.05% | 23.87% | 18.41% | 33.21% | 21.35% | 20.92% | 29.77% | 27.01% | 5.78% |
| Net Income Growth % | 126.04% | 8.94% | 13.65% | -143.55% | -53.96% | 27.03% | -34.11% | -46.23% | -30.13% | -45.08% | -43.06% | 22.69% | 15.61% | -37.63% | 28.64% | 311.26% | 32.67% | 73.26% | 108.46% | -74.58% |
| Net Income (Continuing) | 51.05M | 38.01M | 38.19M | -17.68M | 22.59M | 34.89M | 33.6M | 40.59M | 49.06M | 27.46M | 50.99M | 75.48M | 70.22M | 50.01M | 89.73M | 61.91M | 60.14M | 72.06M | 68.98M | 14.64M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -759K | -1.05M | -458K | 7.59M | 8.26M |
| EPS (Diluted) | 0.32 | 0.24 | 0.24 | -0.11 | 0.14 | 0.22 | 0.21 | 0.25 | 0.31 | 0.17 | 0.31 | 0.47 | 0.43 | 0.31 | 0.55 | 0.38 | 0.37 | 0.49 | 0.42 | 0.09 |
| EPS Growth % | 128.57% | 9.09% | 14.29% | -144% | -54.84% | 29.41% | -32.26% | -46.81% | -27.91% | -45.16% | -43.64% | 23.68% | 16.22% | -36.73% | 30.95% | 316.21% | 32.14% | 68.97% | 100% | -75.32% |
| EPS (Basic) | 0.33 | 0.24 | 0.25 | -0.11 | 0.14 | 0.22 | 0.21 | 0.26 | 0.31 | 0.17 | 0.32 | 0.48 | 0.45 | 0.32 | 0.57 | 0.39 | 0.39 | 0.51 | 0.45 | 0.10 |
| Diluted Shares Outstanding | 156.94M | 157M | 156.36M | 155.76M | 158.94M | 160.63M | 161.12M | 160.65M | 160.5M | 160.06M | 161.94M | 161.92M | 161.62M | 161.75M | 162.17M | 163.59M | 163.88M | 164.83M | 164.63M | 163.8M |
| Basic Shares Outstanding | 155.89M | 155.84M | 155.46M | 154.91M | 157.37M | 158.43M | 158.53M | 157.87M | 157.31M | 157.53M | 158.13M | 157.5M | 157.31M | 157.01M | 156.93M | 156.81M | 157.09M | 157.24M | 156.38M | 155.63M |
| Dividend Payout Ratio | 24.52% | 32.81% | 32.59% | - | 55.69% | 36.5% | 37.76% | 31.11% | 25.64% | 45.73% | 24.82% | 16.69% | 17.92% | 25.12% | 14.01% | 20.38% | 20.71% | 15.69% | 17.95% | 83.21% |