Bio-Techne Corporation (TECH) AI Stock Analysis

NASDAQ: TECHAI research summary: business, growth, valuation, analysts, bull and bear case.

TECH AI stock analysis summary

AI Research

Bio-Techne Corporation develops and manufactures life science reagents, instruments, and diagnostic products. In FY2026, the company generated $1.22B in revenue and net income of $181.9M, while free cash flow reached $263.2M. With a trailing P/E of 62.6x and net debt of $24.4M, the company maintains low financial leverage alongside moderated top-line growth.

Market cap
$11.38B
Revenue (TTM)
$1.22B
P/E
62.6x
fwd 34.6x
1Y return
18.6%
S&P 500 16.8%
Avg. target
$70.50
-2.9% vs last close

Bull case

  • Bio-Techne produced $263.2M in free cash flow in FY2026, backed by $292.1M in operating cash flow.
  • Quarterly earnings increased 128.6% year-over-year in the latest quarter ended June 30, 2026.
  • The balance sheet remains lightly leveraged, with net debt of $24.4M and a current ratio of 4.55.

Bear case

  • Full-year revenue growth slowed to -0.4% in FY2026, generating $1.22B.
  • The trailing P/E ratio of 62.6x sits well above the median of its S&P 500 Healthcare peers of 27.2x.
  • Over a 5-year span, the stock's return of -40.1% lagged the S&P 500 return of 83.0%.

What Bio-Techne does

Bio-Techne Corporation specializes in the development, manufacturing, and global distribution of life science reagents, instruments, and services for research and clinical diagnostic markets. Operating through Protein Sciences and Diagnostics and Genomics, the company supplies critical inputs for scientific discoveries and medical diagnostics. Protein Sciences provides biological reagents such as cytokines, growth factors, antibodies, small molecules, tissue culture sera, and cell selection technologies, as well as proteomic analytical tools for automated western blot and multiplexed ELISA workflows. Diagnostics and Genomics develops diagnostic controls, calibrators, exosome-based assays, spatial genomic tissue-based assays, and genetic and oncology kits.

Growth and profitability

Bio-Techne grew revenue at a 5-year CAGR of 5.5% from FY2021 to FY2026, expanding from $1.11B in FY2022 to $1.22B in FY2026. Annual revenue growth was 18.7% in FY2022, 2.8% in FY2023, 2.0% in FY2024, and 5.2% in FY2025, before contracting 0.4% in FY2026. Operating margin was 20.7% in FY2026, up from 8.4% in FY2025, while gross margin stood at 65.8%. Net income recovered to $181.9M in FY2026 from $73.4M in FY2025, resulting in diluted EPS of $1.84 compared to $1.98 in FY2022. In the latest quarter ended June 30, 2026, quarterly revenue grew 1.3% year-over-year and quarterly earnings grew 128.6%.

TECH income statement →

Balance sheet and cash flow

As of June 30, 2026, Bio-Techne held $264.7M in cash and short-term investments against total debt of $289.1M, resulting in net debt of $24.4M. Its current ratio was 4.55 and debt-to-equity was 0.14 against $2.11B in shareholders' equity. For FY2026, operating cash flow reached $292.1M and capital expenditures were $28.9M, producing free cash flow of $263.2M. Capital deployment during the year included $41.7M in share buybacks and $49.9M in dividends paid, contributing to a 5-year share count reduction of 4.7%.

TECH balance sheet →

Valuation and performance

At a last close of $72.57, Bio-Techne carries a market capitalization of $11.38B. The stock trades at a trailing P/E of 62.6x and a forward P/E of 34.6x, compared to the median of its S&P 500 Healthcare peers at 27.2x and 16.5x, respectively. Its EV/EBITDA of 32.8x is also higher than the peer median of 15.0x. Over the past year, TECH delivered a return of 18.6%, outperforming the S&P 500 (SPY) return of 16.8%. However, its 5-year return of -40.1% lagged the S&P 500 return of 83.0%.

TECH key metrics →

TECH dividend

Bio-Techne pays a forward annual dividend of $0.32 per share, representing a dividend yield of 0.44% and a payout ratio of 17.4%. The dividend is distributed quarterly and has been paid for 19 consecutive years, with a 5-year annualized dividend growth rate of 0.0%. The company's last ex-dividend date was August 24, 2026.

TECH dividend history →

What analysts expect

Wall Street analyst ratings comprise 1 Strong Buy and 12 Hold recommendations, with zero Buy, Sell, or Strong Sell ratings. The mean price target is $70.50, which sits 2.9% below the last close of $72.57. For the fiscal year ending June 30, 2027, consensus estimates project revenue of $1.27B and EPS of $2.04. Over the last four quarters, Bio-Techne delivered 2 EPS beats. The company is scheduled to report its next earnings on November 4, 2026.

TECH forecast and price target →

Key risks and what to watch

  • Top-line growth has decelerated from 18.7% in FY2022 to -0.4% in FY2026.
  • A rich valuation multiple of 32.8x EV/EBITDA leaves shares sensitive to shifts relative to the peer median of 15.0x.
  • Wall Street sentiment reflects caution, with a mean price target of $70.50 indicating a 2.9% discount to the last close of $72.57.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this TECH AI stock analysis

This page is an AI-written research summary of Bio-Techne Corporation (TECH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: TECH income statement, TECH balance sheet, TECH key metrics, TECH analyst forecast, TECH chart. See the TECH stock overview for the latest quote and news.

TECH AI stock analysis FAQ

What is Bio-Techne's ticker symbol and stock exchange?

Bio-Techne trades under the ticker symbol TECH on the NASDAQ and is a member of the S&P 500.

Does Bio-Techne pay a dividend?

Yes, Bio-Techne pays a forward annual dividend of $0.32 per share, offering a dividend yield of 0.44% with a payout ratio of 17.4%.

How does Bio-Techne's valuation compare to its sector peers?

Bio-Techne trades at a trailing P/E of 62.6x and an EV/EBITDA of 32.8x, compared to the median of its S&P 500 Healthcare peers at 27.2x and 15.0x, respectively.

What are analysts forecasting for Bio-Techne's revenue and earnings?

For the fiscal year ending June 30, 2027, analysts estimate revenue of $1.27B and EPS of $2.04, reflecting an estimated EPS growth of 5.5%.

When is Bio-Techne's next earnings report date?

Bio-Techne is scheduled to report its next financial results on November 4, 2026.

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