Bio-Techne TECH

Nasdaq · Biological Products, (No Diagnostic Substances) · $11.4B
$72.66−0.10%Nov 5 close · Databento
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TECH Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $72.661D −0.10%3M +0.75%SMA20 $72.60SMA50 $72.48RSI(14) 55.7
72.66
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 55.7

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

The numbers

fiscal 2026, as filed with the SEC · 66-metric EOD snapshot via Databento
Market cap$11.4B
EV / True FCF50.2x
Revenue$1.2B −0.4%
True FCF (ex-SBC)$221.9M +2.6%
Rule of 4021.3%
ROIC10.3%
True FCF Yield1.9%
EPS, diluted$1.16 +152.2%
Modern Valuation (EOD)
Market Cap$11.4B
Enterprise Value$11.1B
EV / True FCF50.19
EV / FCF42.30
EV / Gross Profit13.93
EV / EBIT44.21
EV / Sales9.16
P / E (GAAP)62.61
P / FCF43.26
P / Oper. CF38.99
P / Book5.40
Owner & Cash Yields
True FCF Yield1.9%
FCF Yield2.3%
Owner Earn. Yield1.8%
Earnings Yield1.6%
Shareholder Yield+0.4%
Buyback Yield0.4%
Dividend Yield0.44%
Dividend / sh$0.32
Payout Ratio27%
FCF / sh$1.68
EPS (diluted)$1.16
Compounder & Returns
Rule of 4021.3%
ROIC10.3%
Cash ROIC (CROIC)14.2%
GP / Assets30.9%
ROE8.6%
ROA7.0%
Gross Margin65.8%
Oper. Margin20.7%
Net Margin15.0%
FCF Margin21.7%
True FCF Margin18.3%
Quality & Dilution
Cash Conversion145%
Accrual Ratio−4.3%
SBC % of FCF15.7%
SBC % of Rev3.4%
Reinvest. Rate10%
Sales Growth Y/Y−0.4%
Sales 3Y CAGR+2.2%
EPS Growth Y/Y+152.2%
FCF Growth Y/Y+2.6%
FCF 3Y CAGR+6.8%
Share Change Y/Y−1.7%
Balance Sheet & Scale
Revenue (FY)$1.2B
Gross Profit (FY)$799.1M
Oper. Income (FY)$251.9M
GAAP Net Income$181.9M
True FCF (ex-SBC)$221.9M
Cash & Equiv$264.7M
Total Debt$12.5M
Net Cash (Debt)$252.2M
Net Cash % MCap+2.2%
Debt / FCF (yrs)0.1y
Current Ratio4.55157.06M sh
Price & Technicals (EOD)
Perf Week−0.07%
Perf Month+0.18%
Perf Quarter+0.51%
Perf Half Y+42.72%
Perf YTD+19.94%
SMA 20 Dist+0.08%$72.60
SMA 50 Dist+0.25%$72.48
SMA 100 Dist+2.05%$71.20
Window High−0.10%$72.73
Window Low+67.81%$43.30
RSI (14) · Vol55.72%v
Income Distribution & Cash Flow ConversionHow every dollar of TECH revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
REVENUE · 100%$1.2BGROSS PROFIT · 65.8%$799.1MCOST OF REV · 34.2%$416.0MOPER. INCOME · 20.7%$251.9MOPEX · 45.0%$547.2M · SG&A $452.4MNET INCOME · 15.0%$181.9MTAX & OTHER · 5.8%$70.0M
Where Every $100 of Revenue Goes (FY2026)
Cost of Revenue (COGS)$416.0M ($34.2 / $100)
SG&A & Other OpEx$547.2M ($45.0 / $100)
Tax & Non-Operating$70.0M ($5.8 / $100)
Net Profit Kept$181.9M ($15.0 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2026)
GAAP Net Income$181.9M (15.0% margin)
Operating Cash Flow (OCF)$292.1M(24.0% of rev)
Less: Capital Expenditures−$28.9M(2.4% of rev)
Standard Free Cash Flow (FCF)$263.2M(21.7% margin)
Less: Stock-Based Comp (SBC)−$41.4M(15.7% of FCF)
True FCF (Owner Cash ex-SBC)$221.9M(18.3% of rev)

Operating leverage — margins

GrossOperatingNet
0%40%80%66%21%15%FY22FY23FY24FY25FY26
Unlocked SEC EDGAR Accounting Statements (USD)All 3 statements · Common-size (% of Revenue / Assets) · YoY growth · Tap any core row to explain
Line Item (USD)FY2022FY2023FY2024FY2025FY2026YoY Δ4Y CAGRTrend
Income Statement
Cost of Revenue (COGS)$349.1M$366.9M$389.3M$429.4M$416.0M−3.1%+4.5%
Selling, General & Admin (SG&A)$372.8M$378.4M$466.4M$588.5M$452.4M−23.1%+5.0%
Total Operating Expenses$459.9M$470.9M$563.0M$688.0M$547.2M−20.5%+4.4%
Interest Expense$11.3M$11.2M$15.7M$8.5M$9.6M+13.2%−3.9%
Income Tax Expense$38.3M$53.2M$17.6M$25.1M$58.8M+134.7%+11.3%
Diluted Shares164.1M161.9M160.8M159.7M157.0M−1.7%−1.1%
Balance Sheet
Cash & Equivalents$172.6M$180.6M$151.8M$162.2M$264.7M+63.2%+11.3%
Inventory$141.1M$171.6M$179.7M$189.4M$195.7M+3.3%+8.5%
Total Current Assets$605.6M$621.5M$617.4M$608.3M$744.4M+22.4%+5.3%
Total Assets$2.3B$2.6B$2.7B$2.6B$2.6B+1.1%+3.0%
Total Current Liabilities$176.0M$128.5M$159.4M$175.8M$163.7M−6.9%−1.8%
Total Debt (Short + Long Term)$12.5M$12.5M$12.5M$12.5M$12.5M+0.0%+0.0%
Stockholders' Equity$1.7B$2.0B$2.1B$1.9B$2.1B+9.9%+5.5%
Net Cash / (Net Debt)$160.1M$168.1M$139.3M$149.7M$252.2M+68.5%+12.0%
Invested Capital$1.5B$1.8B$1.9B$1.8B$1.9B+4.9%+4.8%
Cash Flow & Capital Allocation
Depreciation & Amortization (D&A)$101.1M$107.2M$111.7M$109.9M$97.4M−11.4%−0.9%
Stock-Based Compensation (SBC)$42.2M$39.2M$38.0M$40.8M$41.4M+1.3%−0.5%
Capital Expenditures (CapEx)$44.9M$38.2M$62.9M$31.0M$28.9M−7.0%−10.5%
True FCF (ex-SBC Owner Cash)$238.2M$176.9M$198.1M$215.7M$221.9M+2.8%−1.8%
Share Repurchases (Buybacks)$160.9M$19.6M$80.0M$275.7M$41.7M−84.9%−28.7%
Dividends Paid$50.2M$50.3M$50.4M$50.4M$49.9M−0.9%−0.1%

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

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