BIO-TECHNE Corp
TECH · Biological Products, (No Diagnostic Substances) · 156.6M shares · +43%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$20M (gross $20M, SBC $39M)
Reference price $48.28 · est. market cap ~$7.6B — last insider sale, 2026-05-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B76Life-science reagents/tools franchise — profitable with strong free cash flow.
Strengths
- Strong free cash flow — FCF $257M (94th), FCF margin 21%, OCF margin 24%
- Solid profitability — operating margin 8% (87th)
- Clean balance sheet — current ratio 3.5
Risks
- Tools/biopharma-funding demand softness — per 10-K
- Acquisition-integration history — per 10-K
- Thin quick liquidity — 2.4 (34th)
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~44% of revenue from one customer/distributor — We engage in business globally, with approximately 44% of our sales revenue in fiscal 2025 coming from outside the U
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +43%/yr over 4y (dilution)
- Strong balance sheetStrong balance sheet — $162M cash & investments
- New fund positionNotable fund(s) opened this quarter: Bridgewater Associates, LP
- Insider sellingInsider selling — 2 open-market sale(s) by 1 insider(s) (~$437,178, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): FMR LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
64.8%
Operating margin
8.4%
Net margin
6.0%
Return on assets
2.9%
Revenue growth (QoQ)
5.3%
Net-income growth
-56.3%
Current ratio
3.5×
Free cash flow
$257M
EBITDA
$212M
Cash & investments
$162M
Stock comp / revenue
3.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-02 | Crouse Steven C. | Option exercise | 600 | — |
| 2026-06-02 | Crouse Steven C. | Tax withheld | 216 | $49.77 |
| 2026-05-08 | Herr Amy E. | Option exercise | 6.6K | $47.60 |
| 2026-05-08 | Herr Amy E. | Sell | 6.6K | $48.28 |
| 2026-05-05 | Hippel James | Option exercise | 62K | $47.60 |
| 2026-05-05 | Hippel James | Tax withheld | 57K | $56.68 |
| 2026-05-05 | Bohnen Shane | Option exercise | 8.4K | $47.60 |
| 2026-05-05 | Bohnen Shane | Tax withheld | 7.1K | $56.68 |
| 2026-05-05 | Kelderman Kim | Option exercise | 27K | $47.60 |
| 2026-05-05 | Kelderman Kim | Tax withheld | 24K | $56.68 |
| 2026-05-01 | Crouse Steven C. | Option exercise | 794 | — |
| 2026-05-01 | Crouse Steven C. | Tax withheld | 311 | $55.02 |
| 2026-04-22 | Kelderman Kim | Option exercise | 11K | — |
| 2026-04-22 | Kelderman Kim | Tax withheld | 1.4K | $58.58 |
| 2026-04-22 | Hippel James | Option exercise | 62K | — |
| 2026-04-22 | Hippel James | Tax withheld | 56K | $58.58 |
| 2026-04-14 | Kelderman Kim | Option exercise | 36K | — |
| 2026-04-14 | Kelderman Kim | Tax withheld | 32K | $58.66 |
| 2026-04-03 | Bohnen Shane | Option exercise | 2.3K | — |
| 2026-04-03 | Bohnen Shane | Tax withheld | 740 | $53.13 |
| 2026-02-17 | Herr Amy E. | Sell | 2.0K | $59.10 |
| 2026-02-03 | Herr Amy E. | Option exercise | 38 | — |
| 2026-02-03 | Herr Amy E. | Tax withheld | 16 | $64.63 |
| 2026-02-01 | McManus Matthew | Option exercise | 4.6K | — |
| 2026-02-01 | McManus Matthew | Tax withheld | 1.7K | $64.09 |
| 2025-11-03 | Kelderman Kim | Tax withheld | 2.3K | $62.57 |
| 2025-11-03 | Hippel James | Option exercise | 13K | — |
| 2025-11-03 | Hippel James | Option exercise | 12K | — |
| 2025-11-03 | Hippel James | Tax withheld | 12K | $62.57 |
| 2025-11-03 | Geist William | Option exercise | 9.9K | — |
| 2025-11-03 | Geist William | Tax withheld | 4.5K | $62.57 |
| 2025-10-30 | Bushman Julie L | Grant | 1.6K | — |
| 2025-10-30 | KEEGAN JOSEPH D | Grant | 1.6K | — |
| 2025-10-30 | HIGGINS JOHN L | Grant | 1.6K | — |
| 2025-10-30 | Seth Alpna | Grant | 1.6K | — |
| 2025-10-30 | Herr Amy E. | Grant | 1.6K | — |
| 2025-10-30 | Klimovsky Judith V. | Grant | 1.6K | — |
| 2025-10-30 | Vessey Rupert | Grant | 1.6K | — |
| 2025-10-30 | BAUMGARTNER ROBERT V | Grant | 1.6K | — |
| 2025-08-25 | Nusse Roeland | Option exercise | 17K | $21.84 |
| 2025-08-25 | Nusse Roeland | Sell | 17K | $56.36 |
| 2025-08-25 | BAUMGARTNER ROBERT V | Option exercise | 17K | $21.84 |
| 2025-08-25 | BAUMGARTNER ROBERT V | Sell | 17K | $56.21 |
| 2025-08-15 | Hippel James | Option exercise | 4.0K | — |
| 2025-08-15 | Hippel James | Tax withheld | 1.9K | $53.60 |
| 2025-08-15 | Herr Amy E. | Option exercise | 279 | — |
| 2025-08-15 | Herr Amy E. | Tax withheld | 101 | $53.60 |
| 2025-08-15 | Kelderman Kim | Option exercise | 8.5K | — |
| 2025-08-15 | Kelderman Kim | Tax withheld | 4.3K | $53.60 |
| 2025-08-15 | Bohnen Shane | Option exercise | 1.7K | — |
| 2025-08-15 | Bohnen Shane | Tax withheld | 527 | $53.60 |
| 2025-08-15 | McManus Matthew | Option exercise | 2.6K | — |
| 2025-08-15 | McManus Matthew | Tax withheld | 880 | $53.60 |
| 2025-08-15 | Geist William | Option exercise | 2.6K | — |
| 2025-08-15 | Geist William | Tax withheld | 803 | $53.60 |
| 2025-08-07 | HIGGINS JOHN L | Option exercise | 5.0K | $21.84 |
| 2025-07-29 | Hippel James | Option exercise | 169K | $44.33 |
| 2025-07-29 | Hippel James | Tax withheld | 147K | $58.55 |
| 2025-07-22 | Kelderman Kim | Option exercise | 48K | $44.33 |
| 2025-07-22 | Kelderman Kim | Tax withheld | 44K | $53.12 |
| 2025-07-15 | Kelderman Kim | Option exercise | 36K | $44.33 |
| 2025-07-15 | Kelderman Kim | Tax withheld | 33K | $51.42 |
| 2025-06-09 | Herr Amy E. | Option exercise | 1.3K | $44.33 |
| 2025-06-09 | Herr Amy E. | Sell | 1.3K | $49.77 |
| 2025-05-01 | HIGGINS JOHN L | Option exercise | 12K | $21.84 |
| 2025-04-03 | Bohnen Shane | Option exercise | 2.3K | — |
| 2025-04-03 | Bohnen Shane | Tax withheld | 747 | $54.86 |
| 2025-02-14 | Herr Amy E. | Option exercise | 2.0K | $44.33 |
| 2025-02-14 | Herr Amy E. | Sell | 1.9K | $65.96 |
| 2025-02-03 | Herr Amy E. | Grant | 1.0K | — |
| 2025-02-01 | McManus Matthew | Option exercise | 4.6K | — |
| 2025-02-01 | McManus Matthew | Tax withheld | 1.6K | $73.55 |
| 2025-02-01 | Geist William | Option exercise | 3.3K | — |
| 2025-02-01 | Geist William | Tax withheld | 1.1K | $73.55 |
| 2025-01-27 | Kelderman Kim | Option exercise | 13K | $37.70 |
| 2025-01-27 | Kelderman Kim | Sell | 12K | $77.19 |
| 2025-01-27 | Kelderman Kim | Sell | 1.7K | $77.95 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Material agreementExec/director changeExhibits | filing ↗ |
| 2026-06-25 | Reg FDExhibits | filing ↗ |
| 2026-05-06 | ResultsOtherExhibits | filing ↗ |
| 2026-02-11 | Exec/director changeOtherExhibits | filing ↗ |
| 2026-02-04 | ResultsOtherExhibits | filing ↗ |
| 2025-11-05 | ResultsShareholder voteOtherExhibits | filing ↗ |
| 2025-08-06 | ResultsOtherExhibits | filing ↗ |
| 2025-05-07 | ResultsOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-23 | 0001999371-26-013527 ↗ |
| 8-K | 2026-06-25 | 2026-06-25 | 0001999371-26-013429 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001104659-26-056302 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001104659-26-055887 ↗ |
| 8-K | 2026-02-11 | 2026-02-09 | 0001104659-26-013412 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001104659-26-009994 ↗ |
| 10-Q | 2026-02-04 | 2025-12-31 | 0001104659-26-010335 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001104659-25-107053 ↗ |
| 8-K | 2025-11-05 | 2025-10-30 | 0001104659-25-106631 ↗ |
| 10-K | 2025-08-22 | 2025-06-30 | 0001558370-25-011716 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001558370-25-010393 ↗ |
| 10-Q | 2025-05-08 | 2025-03-31 | 0001558370-25-006990 ↗ |