Idexx Laboratories (IDXX)
Health Care · Veterinary diagnostics and software
IDEXX supplies diagnostic instruments, tests, and software to companion animal veterinary practices, plus water quality and livestock/dairy diagnostics.
What Idexx Laboratories does
IDEXX Laboratories operates through three business segments: Companion Animal Group (CAG), which provides diagnostic instruments, consumable tests, reference laboratory services, and practice management software to veterinary clinics; Water, which offers water quality diagnostic products; and Livestock, Poultry and Dairy (LPD), which supplies diagnostics for livestock and poultry health and milk quality testing. The company generates both recurring revenue from consumables and services tied to installed diagnostic instruments, and non-recurring capital revenue from instrument placements.
Themes: ["companion animal health","veterinary diagnostics","recurring revenue models","practice management software","point-of-care testing","water quality","livestock dairy health"]
Fundamentals
- Price$558.60 as of 2026-07-09 close
- Market cap$44.1B as of 2026-07-10
- 1-year return+3.1% as of 2026-07-09 close
- P/E40.27 as of 2026-07-10
- Net margin+24.6% as of 2026-07-10
- Gross margin+62.0% as of 2026-07-10
- ROE+70.9% as of 2026-07-10
- Debt / equity0.63 as of 2026-07-10
- Revenue growth (YoY)+13.1% as of 2026-07-10
- Revenue CAGR (3y)+8.5% SEC XBRL
- Beta1.55 as of 2026-07-10
Key risks (from latest filing)
["Customer concentration on veterinary practices subject to economic cycles and discretionary spending pressures on pet care","Dependence on recurring consumables and service revenue from instrument installed base; slow or weak adoption of new diagnostics affects margins","Competitive pressure from alternative diagnostic modalities and pricing pressure on recurring product margins"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.