IDXX

IDEXX Laboratories
D

IDXX

Arincen86/100B

If you had invested in IDEXX Laboratories ago, it would be worth $6,394 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

86/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders3.3

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

IDEXX Laboratories key facts

Style
Growth stock · 5.5/10Growth 5.5 · Value 3.5
Day range
703.08 – 710.67
52-week range
500.61 – 769.98
Market capitalization
55.44B USD
P/E
47.45
PEG ratio
3.47
EPS
14.83
EPS growth forecast (FY2026)
+14.1%
Volume
758
Beta
1.55
ESG score
55.1/100Environment 49 · Social 53 · Governance 64
Sector
Healthcare
Industry
Medical - Diagnostics & Research
CEO
Michael Erickson
Employees
11K
Website
idexx.com
IPO date
21 Jun 1991

IDEXX Laboratories earnings

Next earnings · Q4 FY2026
EPS estimate
3.30 USD
Revenue estimate
1.18B USD
Last quarter · Q3 FY2026
EPS3.96Beat +6.2%Revenue1.21BBeat +1.9%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20274.41——+11.38%1.32B——+8.66%
Q2 FY20274.62——+8.27%1.32B——+8.55%
Q1 FY20273.91——+12.65%1.22B——+6.81%
Q4 FY20263.30——+7.14%1.18B——+8.46%
Q3 FY20263.733.96+6.17%+16.47%1.19B1.21B+1.89%+9.86%
Q2 FY20263.944.27+8.38%+17.63%1.20B1.22B+1.36%+9.66%
Q1 FY20263.413.47+1.76%+17.23%1.12B1.14B+2.00%+14.26%
Q4 FY20252.933.08+5.12%+17.56%1.07B1.09B+1.67%+14.28%
Q3 FY20253.143.40+8.28%+21.43%1.07B1.11B+2.98%+13.29%
Q2 FY20253.283.63+10.67%+20.20%1.06B1.11B+4.43%+10.55%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

IDEXX Laboratories analyst forecast

12-month price target
716.67 USD
+1.84%

Analysts' 1-year price targets range from 700.00 to 740.00, with an average of 716.67.

Past year
1-year forecast
Strong sellStrong buy
Buy
8 ratings
Buy
5
Hold
3
Sell
0

12-month price target

Highest target740.00
Average target716.67
Lowest target700.00
Current price703.69

IDEXX Laboratories valuation

Price to earnings ratio (TTM)
47.45
Forward P/E (FY2026)
47.18
Price to sales (TTM)
11.89
Price to book
29.66
EV / EBITDA (TTM)
33.60

Capital structure

Market capitalization
55.44B USD
+
Total debt
972.96M USD
−
Cash and short-term investments
197.54M USD
=
Enterprise value
56.22B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)36.73————
FY2027 (est.)41.7836.73———
FY2026 (est.)47.1841.78———
Now (TTM)47.4542.4211.8929.6633.60
FY202551.3745.3712.5933.7536.54
FY202438.3931.988.7521.3727.27
FY202354.5853.1112.5931.0638.37
FY202250.2441.3910.1356.0434.96
FY202175.3483.3117.4581.3154.80

IDEXX Laboratories against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Natera, Agilent Technologies, Waters, IQVIA Holdings, Mettler-Toledo International, and Illumina, the US Medical - Diagnostics & Research companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median47.5
    33.674.6
  • Gross marginHighest in 5 years61.8%
    58.8%61.8%
    Against its peers: 3 of 7Peers' median 58.6%
  • Operating marginHighest in 5 years31.6%
    26.7%31.6%
    Against its peers: 1 of 7Peers' median 20.6%
  • Net marginHighest in 5 years24.6%
    20.2%24.6%
    Against its peers: 1 of 7Peers' median 19.2%
  • Return on equityAt its median66.0%
    55.7%111.6%
    Against its peers: 1 of 6Peers' median 20.9%
  • Free cash flow marginHighest in 5 years24.5%
    11.7%24.5%
    Against its peers: 1 of 7Peers' median 16.8%
  • Revenue growthAbove its median10.4%
    4.7%18.8%
    Against its peers: 2 of 7Peers' median 6.3%
  • EPS growthAt its median22.6%
    -6.6%28.2%
    Against its peers: 1 of 5Peers' median 3.5%
  • Debt to EBITDALowest in 5 years0.65×
    0.65×1.45×
    Against its peers: 1 of 6Peers' median 1.83×
  • Current ratioBelow its median1.17
    0.891.57
    Against its peers: 5 of 7Peers' median 1.85

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

IDEXX Laboratories growth and profitability

Revenue (TTM)
4.66B USD
Net income (TTM)
1.18B USD
Gross margin
62.72%
Operating margin
32.30%
Net margin
25.36%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20254.30B+10.42%1.06B+19.33%61.80%31.60%24.62%1.51B+18.17%
FY20243.90B+6.46%887.87M+5.07%61.04%28.95%22.78%1.28B+4.78%
FY20233.66B+8.72%845.04M+24.44%59.82%29.97%23.08%1.22B+20.02%
FY20223.37B+4.73%679.09M-8.83%59.52%26.69%20.17%1.01B-2.44%
FY20213.22B+18.79%744.85M+28.03%58.76%28.99%23.17%1.04B+31.00%

IDEXX Laboratories revenue breakdown

By product

FY2025
Product: 59.0%Service: 41.0%59.0%Product41.0%Service
SegmentRevenueShare of revenueChange on the year
Product2.54B59.0%+12.9%
Service1.76B41.0%+7.0%

By region

FY2025
United States: 60.7%EMEA: 20.7%Asia Pacific: 7.9%Europe, the Middle East, and Africa, Other: 5.1%Canada: 3.7%Latin America: 2.0%60.7%United States20.7%EMEA7.9%Asia Pacific5.1%Europe, the Middle East, and Africa, Other3.7%Canada2.0%Latin America
RegionRevenueShare of revenueChange on the year
United States2.75B60.7%+8.7%
EMEA937.25M20.7%+16.2%
Asia Pacific355.93M7.9%+10.9%
Europe, the Middle East, and Africa, Other230.03M5.1%—
Canada167.33M3.7%+9.4%
Latin America90.41M2.0%+8.0%

How IDEXX Laboratories makes its money

Product2.54B 59.0%
Service1.76B 41.0%
Revenue4.30B 100.0%
Cost of revenue1.64B 38.2%
Gross profit2.66B 61.8%
Research and development251.21M 5.8%
Selling and administration1.05B 24.4%
Operating income1.36B 31.6%
Tax264.73M 6.2%
Other expense35.84M 0.8%
Net income1.06B 24.6%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

IDEXX Laboratories financial health

Cash and short-term investments
197.54M USD
Total debt
972.96M USD
Net cash
-775.43M USD
Free cash flow (TTM)
1.30B USD
Current ratio
1.19
Debt to equity
0.52
Piotroski score
9 / 9
Altman Z-score
22.84

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025180.07M976.06M1.05B
FY2024288.27M986.95M798.08M
FY2023453.93M1.07B772.88M
FY2022112.55M1.47B394.15M
FY2021144.45M1.03B636.00M

IDEXX Laboratories ownership

Institutions
93.73%
Institutional holders
1,330 (-14)
Free float
99.62%

Who owns the shares

Institutions 93.7% Others 6.3%
As of 30 Jun 2026

Shares free to trade

Free float 78.49M shares ·99.6% Closely held 298.56K shares ·0.4%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202602134.09K73.27K
Q3 2026012.52K4.76K
Q2 2026009.13K2.04K
Q1 2026031142.77K109.19K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY202580.10M80.68M-3.09%
FY202482.47M83.25M-0.87%
FY202383.07M83.98M-0.74%
FY202283.62M84.60M-2.28%
FY202185.20M86.57M-0.17%

Source: Financial Modeling Prep

Related Instruments

Title: IDEXX Laboratories

Sector: Healthcare
Industry: Medical - Diagnostics & Research
Idexx Laboratories primarily develops, manufactures, and distributes diagnostic products, equipment, and services for pets and livestock. Its key product lines include single-use canine and feline test kits that veterinarians can employ inthe office, benchtop chemistry and hematology analyzers for test-panel analysis on-site, reference lab services, and tests to detect and manage disease in livestock. The firm also offers vet practice management software and consulting services to animal hospitals. Idexx derives roughly 35% of its revenue from outside the United States.

Common questions about IDEXX Laboratories stock