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IDXX

IDEXX Laboratories Inc

$518.39+0.12% ($0.64)
Day's range
$516.02 – $524.02
Day's volume
$149.2M
52-week range
$504.70 – $766.68

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IDXX in numbers

Market cap
$40.8B
P/E
35.83
P/B
25.33
Dividend yield (12m)
0.00%
Net debt/EBITDA
0.16

IDXX trades at 35.83 times its earnings of the last 12 months.

IDXX price history

10/03/202510/02/2026
Compare with

IDXX risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-31.15%+11.29%-14.75%
Volatility (annualized)19.13%30.79%35.20%
Largest drawdown-31.15%-31.15%-50.52%
Positive months2/1215/3626/60

How much did investing in IDXX return?

$1,000.00 invested on 11/01/2021 would be worth $852.52 today.

Value today in IDXX
$852.52
Return over the period
-14.75%
Return per year
-3.19%
In the S&P 500
$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

IDXX fundamentals

Valuation

  • P/E
    35.83
  • P/B
    25.33
  • EV/EBITDA
    25.48
  • EV/EBIT
    28.17
  • EV/Revenue
    9.02
  • P/EBIT
    28.00
  • P/S
    8.97
  • P/OCF
    29.78
  • P/FCF
    32.56
  • Earnings yield
    3.55%
  • PEG ratio
    —
  • Earnings per share
    $14.47
  • Book value per share
    $20.47

Debt

  • Net debt
    $252.9M
  • Net debt/EBITDA
    0.16
  • Net debt/Equity
    0.16
  • Debt/Equity
    0.28
  • Current ratio
    1.17
  • Quick ratio
    0.87
  • Cash ratio
    0.15

Efficiency

  • Gross margin
    62.45%
  • EBITDA margin
    35.42%
  • Operating margin
    32.03%
  • Net margin
    25.03%
  • Asset turnover
    1.32

Profitability

  • ROE
    70.67%
  • ROA
    33.11%
  • ROIC
    62.56%
  • Payout
    0.00%

Growth

  • Revenue CAGR (5 years)
    8.37%
  • Earnings CAGR (5 years)
    9.38%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is IDXX's fair price?

Two classic value formulas, with today's numbers. The current price is $518.39.

Graham's fair price
$81.62
84.25% below the price

√(22.50 × $14.47 × $20.47)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
—
Does not apply to IDXX: it paid no distributions in the last five years.

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

IDXX's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E50.8437.8754.5849.8074.4873.4052.1042.43
P/B33.5521.0831.0755.5680.4067.56125.55-1,681.80
EV/EBITDA35.9726.9838.2534.1154.2054.6835.7228.68
Earnings per share$13.31$10.92$10.17$8.19$8.84$6.81$5.01$4.38
Book value per share$20.16$19.62$17.87$7.34$8.19$7.40$2.08-$0.11
ROE65.99%55.65%56.92%111.56%107.95%92.04%241.01%-3,963.32%
ROIC58.03%46.90%50.55%56.08%55.10%52.80%57.61%86.39%
Gross margin61.80%61.04%59.82%59.52%58.76%58.04%56.73%56.10%
EBITDA margin34.97%32.28%33.11%30.01%32.24%29.21%26.63%25.96%
Net margin24.62%22.78%23.08%20.17%23.17%21.49%17.77%17.04%
Net debt/EBITDA0.180.260.200.650.680.660.950.83

IDXX's financial statements

Line202520242023202220212020
Net revenue$4.3B$3.9B$3.7B$3.4B$3.2B$2.7B
Cost of revenue-$1.6B-$1.5B-$1.5B-$1.4B-$1.3B-$1.1B
Gross profit$2.7B$2.4B$2.2B$2B$1.9B$1.6B
EBITDA$1.5B$1.3B$1.2B$1B$1B$790.5M
EBIT$1.4B$1.1B$1.1B$898.8M$932M$694.5M
Financial result——————
Income before tax$1.3B$1.1B$1.1B$860M$902.7M$662M
Income tax-$264.7M-$222M-$216.1M-$180.9M-$157.8M-$79.9M
Net income$1.1B$887.9M$845M$679.1M$744.8M$581.8M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does IDXX pay dividends?

IDXX has no distributions on record.

About Idexx Laboratories

Sector
Manufacturing

Questions about IDXX

How much is IDXX today?

IDXX is at $518.39 (0.12% on the day), last traded on 10/02/2026.

What are the P/E and P/B of IDXX?

IDXX trades at a P/E of 35.83 and a P/B of 25.33.

How much did IDXX return in 12 months?

IDXX returned -31.15% in 12 months, with annualized volatility of 19.13% and a largest drawdown of -31.15%.