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IDEXX Laboratories Inc

IDEXX Laboratories Inc

IDXX · NASDAQ · Healthcare / Diagnostics & Research

704.23USD+6.21 (+0.89%)

Price History

Full chart

Market Stats

Previous Close698.02
Open710.24
Day Range702.53 – 711.23
52-Week Range500.61 – 769.98
Volume392.40K
Market Cap52.91B
P/E (TTM)38.73
Forward P/E33.33
EPS17.34
Dividend Yield0.00%
Beta1.54
50-Day Avg534.27
200-Day Avg572.62

About

IDEXX Laboratories, Inc. develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally. It operates through three segments: Companion Animal Group; Water Quality Products; and Livestock, Poultry and Dairy. The company offers point-of-care diagnostic solutions, blood and urine chemistry, hematology, immunoassay, urinalysis, cytology/morphology, and coagulation analyzers; and SNAP rapid assays test kits. It also provides commercial reference laboratory diagnostic and consulting services to veterinarians; veterinary consultation, telemedicine, and advisory services, including radiology, dental radiography, cardiology, internal medicine, and ultrasound consulting; Colilert, Colilert-18, and Colisure tests, which detect the presence of total coliforms and E. coli in water; Enterolert, Pseudalert, Filta-Max and Filta-Max xpress, Legiolert, Quanti-Tray products, and Tecta system instruments; UV Viewer Plus, a UV light cabinet which aids in the visual interpretation of fluorescent-based water tests; and veterinary software and services for independent veterinary clinics and corporate groups. In addition, the company offers diagnostic tests, services, and related instrumentation to manage the health status of livestock and poultry; human medical diagnostic products and services; and VetConnect PLUS, a cloud-based technology that enables veterinarians to access and analyze patients, as well as operates VetLab Station. It markets its products through marketing, customer service, sales, and technical service groups, as well as through independent distributors and other resellers. IDEXX Laboratories, Inc. was incorporated in 1983 and is headquartered in Westbrook, Maine.

Company Details

  • SectorHealthcare
  • IndustryDiagnostics & Research
  • CEOMr. Michael G. Erickson Ph.D.
  • Employees11.00K
  • HeadquartersOne IDEXX Drive, Westbrook, ME, United States, 04092, USA
  • Websitehttps://www.idexx.com

Leadership

  • Mr. Jonathan J. MazelskyExecutive Chairman · b. 1961
  • Mr. Andrew EmersonExecutive VP, CFO & Treasurer · b. 1983
  • Mr. Michael J. LaneExecutive VP and GM Global Reference Laboratories, Diagnostic Solutions & Information Technology · b. 1968
  • Dr. Martin Smith Ph.D.Executive Vice President of Global Operations and R&D · b. 1968
  • Mr. Michael G. Erickson Ph.D.CEO, President & Director · b. 1974
  • Mr. Bob AsmannSenior Vice President of Global Operations
  • Mr. Amit GuptaSenior VP, Chief Digital & Information Officer
  • Ms. Sharon E. Underberg J.D.Executive VP, General Counsel, & Corporate Secretary · b. 1961
  • Ms. Julie GodonSenior VP & Global Marketing Officer
  • Mr. Michael P. JohnsonExecutive VP & Chief Human Resources Officer · b. 1978

Financials

Income Statement

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue30.50M57.70M93.10M126.40M188.60M267.70M263.00M319.90M356.20M367.43M386.08M412.67M475.99M549.18M638.10M739.12M922.55M1.02B1.03B1.10B1.22B1.29B1.38B1.49B1.60B1.78B1.97B2.21B2.41B2.71B3.22B3.37B3.66B3.90B4.30B
Growth (%)-+89.18%+61.35%+35.77%+49.21%+41.94%-1.76%+21.63%+11.35%+3.15%+5.08%+6.89%+15.34%+15.38%+16.19%+15.83%+24.82%+11.00%+0.74%+6.96%+10.45%+6.13%+6.47%+7.90%+7.81%+10.83%+10.91%+12.40%+8.75%+12.45%+18.79%+4.73%+8.72%+6.46%+10.42%
Cost of Revenue11.80M21.70M34.20M48.70M75.20M102.90M119.80M142.20M164.90M170.78M202.75M219.94M245.69M270.16M315.19M359.59M459.03M494.26M505.35M524.77M572.18M594.19M620.94M669.69M711.62M799.99M871.68M971.70M1.04B1.14B1.33B1.36B1.47B1.52B1.64B
Gross Profit18.70M36.00M58.90M77.70M113.40M164.80M143.20M177.70M191.30M196.66M183.33M192.72M230.30M279.02M322.90M379.53M463.52M529.77M526.28M578.62M646.51M699.15M756.12M816.12M890.27M975.44M1.10B1.24B1.37B1.57B1.89B2.00B2.19B2.38B2.66B
Gross Margin61.31%62.39%63.27%61.47%60.13%61.56%54.45%55.55%53.71%53.52%47.49%46.70%48.38%50.81%50.60%51.35%50.24%51.73%51.01%52.44%53.05%54.06%54.91%54.93%55.58%54.94%55.73%56.10%56.73%58.04%58.76%59.52%59.82%61.04%61.80%
Operating Expense16.10M30.90M45.00M54.90M80.50M117.80M147.60M148.60M144.50M143.41M126.78M126.91M149.92M170.98M207.57M251.60M327.34M357.31M350.31M374.74M410.28M436.58M489.36M555.86M590.36M625.20M684.35M750.21M812.70M876.52M957.40M1.11B1.09B1.25B1.30B
Operating Income2.60M5.10M13.90M22.80M32.90M47.00M-4.40M29.10M46.80M53.25M56.55M65.81M80.39M108.03M115.33M127.93M136.18M172.46M175.97M203.88M236.22M262.56M266.76M260.25M299.91M350.24M413.03M491.33M552.85M694.52M932.03M898.76M1.10B1.13B1.36B
Operating Margin8.52%8.84%14.93%18.04%17.44%17.56%-1.67%9.10%13.14%14.49%14.65%15.95%16.89%19.67%18.07%17.31%14.76%16.84%17.06%18.48%19.38%20.30%19.37%17.52%18.72%19.73%20.98%22.20%22.97%25.66%28.99%26.69%29.97%28.95%31.60%
EBITDA3.60M8.60M17.70M27.30M38.60M57.40M10.00M45.10M64.00M72.73M78.78M65.81M80.39M126.46M139.70M157.75M177.28M221.28M225.74M249.84M284.43M314.97M321.36M319.14M370.29M428.46M496.17M574.51M640.86M790.52M1.04B1.01B1.10B1.28B1.51B
EBITDA Margin11.80%14.90%19.01%21.60%20.47%21.44%3.80%14.10%17.97%19.79%20.41%15.95%16.89%23.03%21.89%21.34%19.22%21.61%21.88%22.64%23.34%24.35%23.34%21.48%23.12%24.13%25.20%25.96%26.63%29.21%32.24%30.01%29.97%32.73%35.03%
Net Income3.20M4.90M9.70M13.30M21.50M32.60M-21.10M-15.20M32.60M36.63M37.62M45.39M57.09M78.33M78.25M93.68M94.01M116.17M122.22M141.28M161.79M178.27M187.80M181.91M192.08M222.04M263.14M377.03M427.72M581.78M744.85M679.09M845.04M887.87M1.06B
Net Income Margin10.49%8.49%10.42%10.52%11.40%12.18%-8.02%-4.75%9.15%9.97%9.74%11.00%11.99%14.26%12.26%12.67%10.19%11.34%11.85%12.80%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%
R&D---8.20M10.20M12.20M17.10M21.50M27.30M28.29M28.43M29.33M32.32M35.40M40.95M53.62M67.34M70.55M65.12M68.60M76.04M82.01M88.00M98.26M99.68M101.12M109.18M117.86M133.19M141.25M161.01M254.82M190.95M219.79M251.21M
R&D as % of Total Revenue---6.49%5.41%4.56%6.50%6.72%7.66%7.70%7.36%7.11%6.79%6.45%6.42%7.25%7.30%6.89%6.31%6.22%6.24%6.34%6.39%6.61%6.22%5.70%5.54%5.33%5.53%5.22%5.01%7.57%5.22%5.64%5.84%
Interest Expense000000000000000462.00K4.18M4.59M1.43M1.75M1.80M1.95M3.50M13.70M29.24M28.39M31.97M33.59M30.63M32.54M29.37M38.79M35.95M31.20M38.27M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.45%0.45%0.14%0.16%0.15%0.15%0.25%0.92%1.83%1.60%1.62%1.52%1.27%1.20%0.91%1.15%0.98%0.80%0.89%

Balance Sheet

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets38.10M79.70M98.00M121.70M312.50M373.90M377.00M390.50M360.20M335.80M373.11M416.65M521.88M514.24M490.68M559.56M702.18M765.44M808.53M897.14M1.03B1.10B1.23B1.38B1.47B1.53B1.71B1.54B1.83B2.29B2.44B2.75B3.26B3.29B3.35B
Total Liabilities6.60M9.30M14.40M21.90M33.40M51.20M74.30M82.70M75.90M74.05M71.38M75.68M108.58M116.58M121.37M149.70M263.86M327.24M293.95M322.86M491.22M467.35M712.30M1.27B1.56B1.64B1.77B1.55B1.65B1.66B1.75B2.14B1.78B1.70B1.75B
Total Equity31.50M70.40M83.60M99.80M279.10M322.70M302.70M307.80M284.30M261.75M301.73M340.97M413.29M397.66M369.01M409.86M438.32M438.19M514.57M574.24M539.58M636.22M518.19M117.52M-84.13M-108.35M-54.11M-9.51M177.47M632.09M689.99M608.74M1.48B1.60B1.61B
Cash9.30M17.20M18.90M25.20M149.30M127.70M107.00M109.10M58.60M46.01M66.67M113.79M186.72M47.16M67.15M61.67M60.36M78.87M106.73M156.91M183.90M223.99M279.06M322.54M128.99M154.90M187.68M123.79M90.33M383.93M144.45M112.55M453.93M288.27M180.07M
Total Debt----1.70M3.00M4.10M9.40M3.84M8.47M8.38M1.02M1.28M1.81M551.00K7.13M78.68M156.48M123.88M133.28M246.42M214.50M428.39M899.00M1.17B1.20B1.26B1.00B1.07B1.00B1.03B1.47B1.07B265.62M1.08B
Net Debt-9.30M-17.20M-18.90M-25.20M-147.60M-124.70M-102.90M-99.70M-54.73M-37.53M-58.29M-112.77M-95.66M-45.35M-66.60M-54.54M18.32M77.61M17.16M-23.64M62.52M-9.48M149.34M576.46M1.04B1.05B1.07B876.49M980.10M619.32M886.55M1.36B613.42M698.64M897.14M

Cash Flow

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow3.80M-100.00K7.40M14.80M6.80M8.00M13.50M46.10M52.60M28.24M46.36M103.25M117.16M95.38M116.55M109.83M135.12M143.34M173.72M178.83M220.70M230.28M246.00M235.85M216.36M334.57M373.28M400.08M459.16M648.06M755.55M542.98M906.51M929.00M1.18B
Investing Cash Flow-16.10M-20.90M-8.80M-11.40M-42.30M-38.50M-32.70M-48.40M-39.00M24.23M-26.23M-32.80M-42.23M-36.75M12.59M-40.70M-121.13M-91.59M-52.39M-43.19M-97.00M-66.00M-86.06M-80.41M-308.41M-90.79M-138.69M138.60M-205.53M-109.38M-292.97M-195.35M-125.25M-207.06M-136.24M
Financing Cash Flow14.20M29.40M2.40M2.40M159.70M10.00M1.50M3.20M-64.00M-63.35M914.00K-25.34M-5.16M-110.17M-106.98M-76.26M-18.19M-30.79M-95.30M-86.77M-97.66M-125.34M-102.45M-103.44M-95.55M-217.82M-208.02M-597.80M-286.41M-248.42M-697.41M-370.94M-442.00M-878.07M-1.16B
Capital Expenditure9.40M2.30M2.10M4.40M15.90M11.80M35.50M48.10M12.40M15.52M17.38M15.09M16.90M31.70M24.20M71.36M66.24M89.97M57.84M39.30M100.22M69.05M78.64M60.70M82.92M64.79M76.70M122.94M155.22M107.63M119.55M148.84M133.63M130.92M124.68M
Free Cash Flow-5.60M-2.40M5.30M10.40M-9.10M-3.80M-22.00M-2.00M40.20M12.72M28.98M88.17M100.26M63.67M92.35M38.47M68.88M53.37M115.88M139.53M120.48M161.23M167.36M175.15M133.44M269.78M296.57M277.15M303.93M540.44M636.00M394.15M772.88M798.08M1.05B
Dividends Paid-------------------00000000-36.11M51.33M46.56M----
FCF to OCF-147.37%2400.00%71.62%70.27%-133.82%-47.50%-162.96%-4.34%76.43%45.04%62.51%85.39%85.58%66.76%79.24%35.03%50.98%37.23%66.70%78.02%54.59%70.02%68.03%74.26%61.68%80.64%79.45%69.27%66.19%83.39%84.18%72.59%85.26%85.91%89.42%
Dividend Paid to FCF-------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-11.88%9.50%7.32%----

Earnings

Report DateApr 19, 1996Jul 19, 1996Oct 18, 1996Feb 14, 1997Apr 18, 1997Jul 18, 1997Oct 17, 1997Feb 12, 1998Apr 17, 1998Jul 17, 1998Oct 16, 1998Feb 5, 1999Apr 16, 1999Jul 16, 1999Oct 15, 1999Jan 28, 2000Apr 14, 2000Jul 18, 2000Oct 13, 2000Jan 25, 2001Apr 12, 2001Jul 17, 2001Oct 15, 2001Jan 25, 2002Apr 12, 2002Jul 15, 2002Oct 21, 2002Jan 27, 2003Apr 21, 2003Jul 21, 2003Oct 20, 2003Jan 26, 2004Apr 19, 2004Jul 23, 2004Oct 22, 2004Jan 28, 2005Apr 29, 2005Jul 29, 2005Oct 28, 2005Jan 27, 2006Apr 28, 2006Jul 28, 2006Oct 27, 2006Jan 26, 2007Apr 27, 2007Jul 27, 2007Oct 26, 2007Jan 25, 2008Apr 25, 2008Jul 25, 2008Oct 24, 2008Jan 30, 2009Apr 24, 2009Jul 24, 2009Oct 23, 2009Jan 29, 2010Apr 23, 2010Jul 23, 2010Oct 22, 2010Jan 28, 2011Apr 21, 2011Jul 22, 2011Oct 21, 2011Jan 27, 2012Apr 20, 2012Jul 20, 2012Oct 19, 2012Jan 29, 2013Apr 23, 2013Jul 23, 2013Oct 22, 2013Feb 4, 2014Apr 25, 2014Jul 25, 2014Oct 24, 2014Jan 30, 2015Apr 28, 2015Jul 30, 2015Oct 28, 2015Jan 29, 2016Apr 29, 2016Aug 2, 2016Nov 1, 2016Feb 2, 2017Apr 28, 2017Aug 1, 2017Oct 31, 2017Feb 1, 2018May 4, 2018Aug 1, 2018Nov 1, 2018Feb 1, 2019May 1, 2019Aug 1, 2019Oct 31, 2019Jan 31, 2020Apr 30, 2020Jul 31, 2020Oct 29, 2020Feb 2, 2021May 4, 2021Jul 30, 2021Nov 2, 2021Feb 2, 2022May 4, 2022Aug 2, 2022Nov 1, 2022Feb 6, 2023May 2, 2023Aug 1, 2023Nov 1, 2023Feb 5, 2024May 1, 2024Aug 6, 2024Oct 31, 2024Feb 3, 2025May 1, 2025Aug 4, 2025Nov 3, 2025Feb 2, 2026May 5, 2026Aug 4, 2026Nov 2, 2026
EPS Estimate0.050.050.050.060.01-0.010.010.020.030.040.040.040.050.050.050.060.050.070.070.070.060.070.070.070.060.080.090.090.080.110.100.100.120.130.120.120.120.140.150.150.140.160.170.150.150.210.200.200.200.280.200.210.190.270.220.220.250.300.270.270.300.360.320.310.350.450.360.350.410.480.410.400.440.530.430.380.490.570.530.440.470.620.600.510.600.850.740.730.921.170.970.911.061.371.140.901.201.171.441.391.722.041.911.722.251.632.041.922.432.472.372.122.672.872.692.402.843.303.152.943.413.953.71
EPS Actual0.050.050.060.060.01-0.010.020.020.030.030.040.040.050.050.050.060.060.070.070.070.060.070.080.070.050.090.090.090.090.120.110.100.120.140.140.120.130.150.150.160.140.190.190.160.170.220.200.200.210.320.210.220.220.280.260.260.280.310.300.310.310.420.330.340.360.460.380.370.410.500.430.460.450.550.530.480.490.600.540.480.510.740.620.580.770.950.790.771.011.231.050.981.171.431.241.041.291.721.691.762.352.342.031.892.271.562.152.052.552.672.532.322.813.022.802.622.963.633.403.083.474.273.98
Surprise0.00%0.00%20.00%0.00%0.00%0.00%100.00%0.00%0.00%-25.00%0.00%0.00%0.00%0.00%0.00%0.00%20.00%0.00%0.00%0.00%0.00%0.00%14.29%0.00%-16.67%12.50%0.00%0.00%12.50%9.09%10.00%0.00%0.00%7.69%16.67%0.00%8.33%7.14%0.00%6.67%0.00%18.75%11.76%6.67%13.33%4.76%0.00%0.00%5.00%14.29%5.00%4.76%15.79%3.70%18.18%18.18%12.00%3.33%11.11%14.81%3.33%16.67%3.13%9.68%2.86%2.22%5.56%5.71%0.00%4.17%4.88%15.00%2.27%3.77%23.26%26.32%0.00%5.26%1.89%9.09%8.51%19.35%3.33%13.73%28.33%11.76%6.76%5.48%9.78%5.13%8.25%7.69%10.38%4.38%8.77%15.56%7.50%47.01%17.36%26.62%36.63%14.71%6.28%9.88%0.89%-4.29%5.39%6.77%4.94%8.10%6.75%9.43%5.24%5.23%4.09%9.17%4.23%10.00%7.94%4.76%1.76%8.10%7.28%
Timing----Pre-marketPre-marketPre-marketPre-marketPre-market---------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap52.91B
Enterprise Value44.32B
Trailing P/E38.73
Forward P/E33.33
PEG Ratio3.02
Price / Sales11.64
Price / Book26.93
EPS17.34
Book Value20.14
Revenue (TTM)4.55B
Gross Profit (TTM)2.84B
EBITDA1.62B
Profit Margin25.03%
Operating Margin34.98%
Return on Equity74.21%
Return on Assets27.09%
Shares Outstanding78.78M
Shares Float78.50M
Beta1.54
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 14 analystsTarget 694.83
  • Strong Buy
    5
  • Buy
    4
  • Hold
    4
  • Sell
    1

Ownership Breakdown

Institutions
96.77%
Insiders
0.22%
Retail / Other
3.01%

Top Institutional Holders

  • BlackRock Inc
    8.17M10.37%
  • Vanguard Capital Management, LLC
    5.15M6.54%
  • Vanguard Portfolio Management, LLC
    3.90M4.95%
  • State Street Corp
    3.75M4.76%
  • Amvescap Plc.
    3.61M4.58%
  • Geode Capital Management, LLC
    2.56M3.25%
  • BAMCO Inc
    1.98M2.51%
  • Morgan Stanley - Brokerage Accounts
    1.36M1.72%
  • Bank of New York Mellon Corp
    1.19M1.51%
  • Arrowstreet Capital Limited Partnership
    1.07M1.35%
  • Fundsmith LLP
    1.02M1.29%
  • Blair William & Co
    918.56K1.17%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    2.50M3.17%
  • Vanguard 500 Index Investor
    2.07M2.63%
  • Vanguard MStar Mid Cap Index Instl
    1.69M2.14%
  • Invesco QQQ Trust
    1.64M2.08%
  • iShares Core S&P 500 ETF
    1.05M1.33%
  • Fidelity 500 Index
    1.02M1.30%
  • Vanguard MStar Growth Index Investor
    1.00M1.27%
  • State Street® SPDR® S&P 500® ETF
    966.93K1.23%

Stock Splits

  • Jun 16, 20152:1
  • Nov 27, 20072:1
  • Jun 6, 19952:1
  • Oct 4, 19932:1