Protein Sciences segment
“10-K Item 1: 'The Protein Sciences segment is the larger of our two segments, representing approximately 72% of our net sales in fiscal 2026.'”
Updated
The most significant concentration Bio-Techne discloses is Protein Sciences segment at 72%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Bio-Techne’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'The Protein Sciences segment is the larger of our two segments, representing approximately 72% of our net sales in fiscal 2026.'”
“10-K Item 1A: 'approximately 48% of our sales revenue in fiscal 2026 coming from outside the U.S.'”
Bio-Techne's concentration is mainly one of mix. The Protein Sciences segment represented approximately 72% of net sales in fiscal 2026, a high-share exposure that is structural: it reflects the shape of the business rather than a dependency on any single customer or supplier. The company's fortunes therefore track the demand cycle, pricing and competitive position of that one segment more than anything else in the portfolio. The geographic exposure is smaller and more diffuse. Approximately 48% of sales revenue in fiscal 2026 came from outside the U.S., a medium-share exposure, also structural. It brings currency, regulatory and regional-demand sensitivity, but it is spread across many markets rather than tied to a named counterparty. Netting the two, the segment concentration is the one that could move the verdict, because a slowdown in that segment cannot be offset elsewhere in the company. The international share is more of a standing condition that adds variability around the edges. Neither source points to an idiosyncratic single-name risk, and both are clearly disclosed in the filing.
For the engine’s reasoning on TECH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ACAD | ACADIA Pharmaceuticals Inc. | 2 | 0 | 0 | 2 |
| ABUS | Arbutus Biopharma Corporation | 1 | 1 | 0 | 2 |
| TECH● | Bio-Techne Corp | 1 | 1 | 0 | 2 |
| ABSI | Absci Corporation | 1 | 0 | 0 | 1 |
| ABCL | AbCellera Biologics Inc. | 0 | 0 | 0 | 0 |
| ACHV | Achieve Life Sciences, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.