IDEXX Laboratories, Inc.

IDEXX Laboratories, Inc.

IDXX
IDEXX Laboratories, Inc.US flagNASDAQ Global Select
541.31
USD
-4.42
- -
42.70BMarket Cap
IDEXX Laboratories, Inc.
IDXX
(NASDAQ Global Select)

Recent

price

541.31

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
9.56
10.73
11.76
12.95
14.84
17.3
19.79
22.43
25.48
27.95
31.72
37.74
40.27
44.07
47.26
53.51
55.57
Revenue per Share
1.22
1.42
1.62
1.77
1.82
2.07
2.47
3
4.34
4.97
6.82
8.74
8.12
10.17
10.77
13.17
13.69
Basic EPS, GAAP
1.21
1.47
1.49
1.57
1.75
1.5
3.06
3.38
3.19
3.53
6.33
7.46
4.59
9.3
9.68
12.98
13.52
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
8.45
10.01
11.96
14.14
16.84
3.55
6.14
9.27
13.57
18.65
25.62
34.4
43.17
53.64
64.79
79.61
83.5
Book Value per Share
3.2
2.62
3.62
2.62
-1.32
-3.44
-3.71
-3.39
-3.06
-1.4
3.95
2.72
1.79
12.45
13.08
13.45
12.99
Tangible Book Value per Share
115
114
110
106
100
93
90
88
87
86
85
85
84
83
82
80
80
Basic Weighted Avg Shares
1,103
1,219
1,293
1,377
1,486
1,602
1,775
1,969
2,213
2,407
2,707
3,215
3,367
3,661
3,898
4,304
4,446
Sales/Revenue/Turnover
18.48
19.38
20.3
19.37
17.52
19.24
19.73
20.98
22.2
22.97
25.66
28.99
26.69
29.97
28.95
31.6
31.63
Operating Margin (%)
46
48
52
55
59
69
78
83
83
88
96
105
112
115
130
145
149
Depreciation Expense
141
162
178
188
182
192
222
263
377
428
582
745
679
845
888
1,059
1,095
Net Income, GAAP
30.08
31
31.59
28.67
26.2
29.66
31.01
30.91
17.63
18.08
12.06
17.48
21.03
20.37
20
19.99
20.03
Effective Tax Rate (%)
12.8
13.28
13.78
13.64
12.24
11.99
12.51
13.36
17.04
17.77
21.49
23.17
20.17
23.08
22.78
24.62
24.63
Profit Margin (%)
175
87
163
174
-62
-35
-89
-33
-116
-46
480
192
-134
544
332
265
154
Working Capital
3
3
1
150
350
597
593
606
601
766
936
863
796
723
548
476
399
LT Debt
574
540
636
518
118
-84
-108
-54
-9
178
633
690
609
1,485
1,595
1,605
1,556
Total Equity
21.07
21.66
21.6
20.88
19.2
20.25
21.82
24.31
36.05
39.57
41.44
44.85
36.61
36.8
34.32
41.13
43.07
Return on Invested Capital (%)
13.83
13.18
12.42
11.07
8.56
10.41
15.01
15.08
19.07
18.66
20.81
21.52
15.72
16.56
15.4
15.91
15.61
Return on Capital (%)
15.62
15.32
14.54
13.32
11.41
19.07
50.5
38.56
37.85
30.72
30.68
29.11
20.76
20.95
18.12
18.04
17.86
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
632
500
707
LT Borrowings
375
375
300
LT Finance Leases
106
101
99
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
80
80
79
Market Capitalization
51,698
54,414
44,959

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,477
1,414
1,454
Cash, Cash Equivalents & STI
208
180
201
Accounts Receivable, Net
567
552
604
Inventories
392
378
382
Total Current Liabilities
1,252
1,149
1,300
Payables & Accruals
392
401
412
ST Debt
632
500
707
Deferred Revenue
36
35
36

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-172.52%
29.84%
0.63%
Free Cash Flow
29.98%
22.67%
30.76%
Net Income, GAAP
19.49%
13.61%
19.33%
Sales/Revenue/Turnover
10.45%
9.82%
10.42%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
964
1,004
976
954
3,898
2025
998
1,109
1,105
1,091
4,304
2026
1,141
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.84
2.46
2.83
2.64
10.77
2025
2.98
3.66
3.43
3.11
13.17
2026
3.5
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
IDEXX Laboratories, Inc. (IDXX) develops, manufactures, and distributes diagnostic products, equipment, and services primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing industries. The company offers an extensive portfolio of in-clinic analyzers including the Catalyst One Chemistry Analyzer, ProCyte Dx Hematology Analyzer, SediVue Dx Urine Sediment Analyzer, and SNAP point-of-care tests; reference laboratory services for advanced diagnostics; veterinary software solutions such as IDEXX Neo and Cornerstone practice management software, VetLab Station laboratory information management system, and client communication tools; diagnostic imaging systems like ImageVue DR50 and EliteVision; and specialized tests for ruminants (e.g., BVDV, IBR/BHV-1, Johne's Disease), poultry (e.g., IBV, IBD), swine (e.g., PRRS, PEDV), equine health (e.g., EHV-1/4 RealPCR, EPM tests), and water quality microbiological detection serving over 2.5 billion people. IDEXX also provides OPTI Medical Systems for human point-of-care and laboratory diagnostics. Founded in 1983 and headquartered in Westbrook, Maine, the company operates in over 175 countries through its three main segments: Companion Animal Group (CAG), Water, and Livestock, Poultry, and Dairy (LPD), with additional EMEA headquarters in Hoofddorp, Netherlands, and approximately 10,000 employees worldwide. Recent developments include the strong adoption of the inVue Dx Cellular Analyzer with over 2,400 units installed in Q2 2025, surpassing expectations and prompting a full-year installation forecast increase to 5,500 units; the June 2025 launch of the Catalyst Cortisol Test, the third Catalyst platform expansion that year, enhancing point-of-care diagnostics for endocrine disorders like Addison's and Cushing's disease in dogs; the North American rollout of IDEXX Cancer Dx; upward revisions to 2025 revenue guidance to $4.27 billion-$4.30 billion and EPS to $12.81-$13.01 amid 11% Q2 revenue growth and 13% Q3 growth driven by recurring CAG diagnostics; and sustained R&D investment at about 5.75% of revenue to support platform expansions, AI-driven solutions, molecular tests, international commercial footprint growth in three countries by 2026, and software enhancements.

Company News

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