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ValueScreener company report

Bio-Techne Corporation (TECH)

NASDAQ / Healthcare / Biotechnology

Share price

72.52 USD Market dataClose of Oct 15, 2026

Market capitalisation

11.37B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Aug 24, 2026
Ratios computed
Oct 15, 2026
Filed years
17, FY2009 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

8.9% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

61.98x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

2.3% Computed

FY2026 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2017 Revenue: 563.0M USDFY2017 Net income: 76.1M USDFY2018 Revenue: 643.0M USDFY2018 Net income: 126.2M USDFY2019 Revenue: 714.0M USDFY2019 Net income: 96.1M USDFY2020 Revenue: 738.7M USDFY2020 Net income: 229.3M USDFY2021 Revenue: 931.0M USDFY2021 Net income: 140.4M USDFY2022 Revenue: 1.11B USDFY2022 Net income: 272.1M USDFY2023 Revenue: 1.14B USDFY2023 Net income: 285.3M USDFY2024 Revenue: 1.16B USDFY2024 Net income: 168.1M USDFY2025 Revenue: 1.22B USDFY2025 Net income: 73.4M USDFY2026 Revenue: 1.22B USDFY2026 Net income: 181.9M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
3 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 61.98x at the close of 2026-10-15 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits above the highest.

Today, against the Biotechnology industry (53 companies), 61.98x sits at the 86th percentile; the middle half of that group runs from 4.71x to 41.19x.

Is it good

Return on invested capital was 8.9% in FY2026, in the band labelled "Around the cost of capital" (8.0% to 12.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Biotechnology industry (78 companies), 8.9% sits at the 83rd percentile; the middle half of that group runs from -124.0% to -4.0%.

Is it safe

Interest coverage was 26.16x in FY2026, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether Bio-Techne Corporation's return on invested capital stayed above the median of the Biotechnology industry, year by year. (FY2019 to FY2025, 7 fiscal years of Bio-Techne Corporation with a comparable figure)
The direction
Which way Bio-Techne Corporation's return on equity has moved, and how steadily. (FY2017 to FY2026, 10 filed years of Bio-Techne Corporation)
What could explain it
What in Bio-Techne Corporation's filed statements could explain the movements. (8 readings drawn from the statement lines Bio-Techne Corporation filed)
What to check next
What to check next on Bio-Techne Corporation, and where in its filings. (4 questions for Bio-Techne Corporation)
In one paragraph
One paragraph on Bio-Techne Corporation's returns, cash, balance sheet and price. (16 of sixteen figures read for Bio-Techne Corporation)

These are TECH’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research TECHPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Aug 24, 2026, accession 0001104659-26-100322.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Bio-Techne Corporation: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax8.9% ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Return on equity8.6% ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Return on capital employed, pre-tax10.4% ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Return on assets7.0% ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Gross margin65.8% ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Operating margin20.7% ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Net margin15.0% ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
TECH 15.0%
HALO 22.7%BMRN 10.8%MDGL -30.1%CORT 13.1%INCY 25.0%
-30.1%25.0%
Net margin: TECH against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Bio-Techne Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.14 ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Current ratio4.55 ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Quick ratio3.35 ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Interest coverage26.16x ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Altman Z-score15.96 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Net debt24.4M ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Total assets 2.59BTotal liabilities 478.5MShareholders' equity 2.11BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Bio-Techne Corporation owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Aug 24, 2026, 0001104659-26-100322).

Bio-Techne Corporation: balance sheet position
Total assets2.59B FiledFY2026 10-K, filed Aug 24, 2026
Total liabilities478.5M FiledFY2026 10-K, filed Aug 24, 2026
Shareholders' equity2.11B FiledFY2026 10-K, filed Aug 24, 2026
Cash264.7M FiledFY2026 10-K, filed Aug 24, 2026
Total debt289.1M FiledFY2026 10-K, filed Aug 24, 2026
Net debt24.4M
Current ratio4.55
Debt to equity0.14

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Bio-Techne Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings61.98x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
P/E on trailing twelve months62.55x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book5.40x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Price to sales9.37x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Enterprise value to EBIT45.30x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Enterprise value to EBITDA32.67x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Price to earnings over growth12.02 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Diluted earnings per share1.16 USD FiledFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Graham number18.80 USD ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322

We publish no fair value or price target of our own. Value TECH on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Bio-Techne Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Bio-Techne Corporation: valuation
Share price72.52 USD
Market capitalisation11.37B USD
Enterprise value to EBITDA32.67x
Graham number18.80 USD
Diluted earnings per share, FY20261.16 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 30.02x, median 60.42x, high 154.85x, latest 62.55x. 2,520 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Bio-Techne Corporation

  1. Halozyme Therapeutics, Inc. (HALO)Market cap 13.79B USD
  2. BioMarin Pharmaceutical Inc. (BMRN)Market cap 10.85B USD
  3. Madrigal Pharmaceuticals, Inc. (MDGL)Market cap 10.62B USD
  4. Corcept Therapeutics Incorporated (CORT)Market cap 12.26B USD
  5. Incyte Corporation (INCY)Market cap 22.96B USD

Same industry (Biotechnology) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Bio-Techne Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield2.3% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Free cash flow263.2M USD ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Free cash flow margin21.7% ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Dividend yield0.4% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Payout ratio27.4% ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
FY2017 Free cash flow: 128.5M USDFY2017 Net income: 76.1M USDFY2018 Free cash flow: 149.4M USDFY2018 Net income: 126.2M USDFY2019 Free cash flow: 156.2M USDFY2019 Net income: 96.1M USDFY2020 Free cash flow: 153.5M USDFY2020 Net income: 229.3M USDFY2021 Free cash flow: 307.9M USDFY2021 Net income: 140.4M USDFY2022 Free cash flow: 280.4M USDFY2022 Net income: 272.1M USDFY2023 Free cash flow: 216.1M USDFY2023 Net income: 285.3M USDFY2024 Free cash flow: 236.1M USDFY2024 Net income: 168.1M USDFY2025 Free cash flow: 256.6M USDFY2025 Net income: 73.4M USDFY2026 Free cash flow: 263.2M USDFY2026 Net income: 181.9M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Bio-Techne Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
61.98xFY2026Oct 15, 2026
5.40xFY2026Oct 15, 2026
45.30xFY2026Oct 15, 2026
2.3%FY2026Oct 15, 2026
8.9%FY2026Aug 24, 2026
0.4%FY2026Oct 15, 2026
0.14FY2026Aug 24, 2026
4.55FY2026Aug 24, 2026
9.37xFY2026Oct 15, 2026
12.02FY2026Oct 15, 2026
15.96FY2026Oct 15, 2026
-2.42FY2026Aug 24, 2026
8/9FY2026Aug 24, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 17 filed fiscal years on record, FY2009 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2017 to FY2026, read from the annual reports Bio-Techne Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Bio-Techne Corporation: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20261.22B251.9M181.9M1.16263.2M20.7%8.6%10-K, Aug 24, 20260001104659-26-100322
FY20251.22B102.3M73.4M0.46256.6M8.4%3.8%10-K, Aug 22, 20250001558370-25-011716
FY20241.16B206.7M168.1M1.05236.1M17.8%8.1%10-K, Aug 22, 20240001558370-24-012430
FY20231.14B298.9M285.3M1.76216.1M26.3%14.5%10-K, Aug 23, 20230001558370-23-015226
FY20221.11B296.6M272.1M1.66280.4M26.8%16.0%10-K, Aug 24, 20220001558370-22-013935
FY2021931.0M237.3M140.4M0.87307.9M25.5%9.0%10-K, Aug 25, 20210001437749-21-020980
FY2020738.7M157.4M229.3M1.46153.5M21.3%16.6%10-K, Aug 26, 20200001437749-20-018754
FY2019714.0M146.7M96.1M0.62156.2M20.6%8.2%10-K, Aug 28, 20190001437749-19-017565
FY2018643.0M136.2M126.2M0.83149.4M21.2%11.7%10-K, Aug 27, 20180001437749-18-016190
FY2017563.0M120.6M76.1M0.51128.5M21.4%8.0%10-K, Sep 7, 20170001437749-17-015711
  • Revenue, compound annual growth FY2017 to FY2026: 8.9%
  • Earnings, compound annual growth FY2017 to FY2026: 10.2%
  • Earnings per share, compound annual growth FY2017 to FY2026: 9.6%
  • Free cash flow, compound annual growth FY2017 to FY2026: 8.3%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Bio-Techne Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.42 ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Piotroski F-score8/9 ComputedFY2026 10-K, filed Aug 24, 2026, 0001104659-26-100322
Named tests met3 of 30 Computed
Beta0.77 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 3 met, 27 not met, 0 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Three forensic scores; Z-score and coverage (Edward Altman); Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; ROIC at or above WACC; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.