IDEXX Laboratories, Inc.

IDEXX Laboratories, Inc.

IDXX
IDEXX Laboratories, Inc.US flagNASDAQ Global Select
529.29
USD
-9.70
- -
41.75BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
57.17
Basic EPS, GAAP
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
14.31
Free Cash Flow per Basic Share
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
15.53
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
5.03
1.24
-0.93
-1.23
-0.62
-0.11
2.08
7.4
8.16
7.34
17.88
19.55
20.14
20.44
Tangible Book Value per Share
2.7
-1.39
-3.54
-3.78
-3.42
-3.09
-1.41
3.93
2.74
1.8
12.45
13.22
13.57
13.99
Basic Weighted Avg Shares
106
100
93
90
88
87
86
85
85
84
83
82
80
80
Sales/Revenue/Turnover
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
4,553
Operating Margin (%)
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
32.03
Depreciation Expense
55
59
69
78
83
83
88
96
105
112
115
130
145
154
Net Income, GAAP
188
182
192
222
263
377
428
582
745
679
845
888
1,059
1,140
Effective Tax Rate (%)
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
19.99
Profit Margin (%)
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
25.03
Working Capital
174
-62
-35
-89
-33
-116
-46
480
192
-134
544
332
265
222
LT Debt
150
350
597
593
606
601
766
936
863
796
723
548
476
400
Total Equity
518
118
-84
-108
-54
-9
178
633
690
609
1,485
1,595
1,605
1,613
Return on Invested Capital (%)
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
42.8
Return on Capital (%)
21.33
19.69
20.22
22.38
25.07
36.9
40.47
42.34
45.84
37.4
37.93
35.56
42.24
43.29
Return on Common Equity (%)
32.54
57.23
19.07
50.5
38.56
37.85
30.72
143.73
112.68
104.58
80.74
57.66
66.2
74.21

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
500
707
696
LT Borrowings
375
300
300
LT Finance Leases
101
99
101
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
80
79
79
Market Capitalization
53,928
44,524
41,522

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,414
1,454
1,509
Cash, Cash Equivalents & STI
180
201
197
Accounts Receivable, Net
552
604
627
Inventories
378
382
392
Total Current Liabilities
1,149
1,300
1,288
Payables & Accruals
401
412
397
ST Debt
500
707
696
Deferred Revenue
35
36
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
1,217
- -
- -
- -

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
4.29
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Michael Erickson
Full Time Employees
11,000
Sector
Healthcare
Industry
Medical - Diagnostics & Research
Address
One IDEXX Drive Westbrook ME United States of America 04092
IPO Date
Jun 21, 1991
Website
idexx.com
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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  • IDXX Raises 2026 EPS Outlook as Diagnostic Growth and Margins Improve

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  • IDEXX Laboratories, Inc. (IDXX) Analyst/Investor Day Transcript

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  • IDEXX Laboratories: Worth The Premium

  • Aurora Investment Managers LLC. Makes New Investment in IDEXX Laboratories, Inc. $IDXX

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  • IDEXX Laboratories, Inc. $IDXX Shares Sold by Empowered Funds LLC

  • IDEXX Laboratories Q2 Earnings Call Highlights

  • IDEXX Laboratories Inc (IDXX) (Q2 2026) Earnings Call Highlights: Strong Revenue Growth and Raised Guidance Amidst Persistent Visit Headwinds

  • IDXX Q2 Earnings & Revenues Beat, '26 EPS View Up, Stock Up in Pre-Market