Idexx Laboratories

Health Care Health Care Equipment Westbrook, Maine Last filing Feb 20, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.3B
                    3y CAGR +8.5%
                    
                    P68
                    
                    +10.4%
                    
                    Net income
                    FY2025
                
$1.1B
                    Net margin +24.6%
                    
                    P83
                    
                    +19.3%
                    
                    Total assets
                    FY2025
                
$3.4B
                    ROA +31.6%
                    
                    P100
                    
                    +1.7%
                    
                    Operating cash flow
                    FY2025
                
$1.2B
                    FCF margin +24.6%
                    
                    P90
                    
                    +27.2%

19 yrs · FY2006–FY2025 1 gap (2007) 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

34 accounts · 3 years

Total assets $3.4B

Total liabilities $1.7B

Shareholders equity $1.6B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	-37.5%	-36.5%	—
Accounts Receivable	+16.6%	+3.5%	—
Inventory	-1.1%	+0.4%	—
Prepaid Expenses	-1.2%	+21.2%	—
Other Current Assets	+18.5%	+25.8%	—
Total Current Assets	+1.0%	-6.4%	—
Property,Plant and Equipment	+4.8%	+1.6%	—
Operating Lease Assets	+6.1%	+0.5%	—
Goodwill	+2.2%	+10.7%	—
Intangible Assets	-1.6%	+32.2%	—
Deferred Tax Assets	-77.8%	+17.0%	—
Other Noncurrent Assets	-0.9%	+10.3%	—
Total Assets	+1.7%	+1.0%	—
Liabilities
Accounts Payable	-3.3%	+3.2%	—
Accrued Liabilities	+5.6%	+4.9%	—
Deferred Revenue	+4.3%	-9.1%	—
Current Portion of Long Term Debt	-55.3%	+123.7%	—
Operating Lease Liabilities	+25.7%	+8.8%	—
Other Current Liabilities	+27.5%	-32.3%	—
Total Current Liabilities	+7.6%	+12.2%	—
Long Term Debt	-16.7%	-27.8%	—
Deferred Revenue Noncurrent	+19.4%	-5.6%	—
Operating Lease Liabilities Noncurrent	+3.4%	-1.8%	—
Deferred Tax Liabilities	+181.7%	+56.4%	—
Other Noncurrent Liabilities	+27.5%	-32.3%	—
Total Liabilities	+2.8%	-4.4%	—
Equity
Preferred Stock	—	—	—
Common Stock	+0.5%	+0.3%	—
Additional Paid In Capital	+9.1%	+6.6%	—
Retained Earnings	+19.9%	+20.0%	—
Treasury Stock	+23.0%	+19.2%	—
Accumulated Other Comprehensive Income	+26.5%	-31.5%	—
Total Stockholders Equity	+0.6%	+7.5%	—
Total Liabilitiesand Equity	+1.7%	+1.0%	—

Income Statement

Revenue, expense, and profitability

18 accounts · 3 years

Revenue $4.3B

Operating income $1.4B

Net income $1.1B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	+10.4%	+6.5%	—
Expenses Cost of Revenue	+8.3%	+3.2%	—
Expenses Research and Development	+14.3%	+15.1%	—
Expenses Selling,General and Administrative	-8.5%	+31.7%	—
Expenses Depreciation and Amortization	+11.7%	+13.1%	—
Expenses Share Based Compensation	-0.5%	+0.9%	—
Expenses Operating Expenses	+3.9%	+14.4%	—
Other Income Expense Gross Profit	+11.8%	+8.6%	—
Other Income Expense Operating Income	+20.5%	+2.8%	—
Other Income Expense Interest Expense	+24.5%	-25.0%	—
Other Income Expense Income Before Tax	+19.3%	+4.6%	—
Income Tax Income Tax Expense	+19.3%	+2.7%	—
net Income net Income	+19.3%	+5.1%	—
net Income Comprehensive Income	+25.3%	+1.6%	—
Earnings Per Share Basic Eps	+22.3%	+5.9%	—
Earnings Per Share Diluted Eps	+22.6%	+6.1%	—
Earnings Per Share Weighted Average Shares Basic	-2.5%	-0.7%	—
Earnings Per Share Weighted Average Shares Diluted	-2.7%	-0.9%	—

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $1.2B

Investing cash flow $-136.2M

Financing cash flow $-1.2B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	+19.3%	+5.1%	—
Operating Activities Depreciation and Amortization	+18.1%	+23.9%	—
Operating Activities Stock Based Compensation	-0.5%	+0.9%	—
Operating Activities Deferred Income Taxes	+642.3%	+49.9%	—
Operating Activities Changes In Operating Assets and Liabilities	+13.1%	-24.0%	—
Operating Activities Other Non Cash Items	+242.4%	-26.7%	—
Operating Activities net Cash From Operating Activities	+27.2%	+2.5%	—
Investing Activities Capital Expenditures	+3.1%	-9.5%	—
Investing Activities Business Acquisitions	-100.0%	—	—
Investing Activities Other Investing Activities	+76.1%	-81.4%	—
Investing Activities net Cash From Investing Activities	+34.2%	-65.3%	—
Financing Activities Repayment of Debt	+137.8%	+0.0%	—
Financing Activities Repurchase of Common Stock	+45.4%	+1063.8%	—
Financing Activities Proceeds From Stock Issuance	+109.8%	-5.4%	—
Financing Activities Tax Withholding On Stock Based Compensation	-31.3%	+5.6%	—
Financing Activities net Cash From Financing Activities	-32.7%	-98.7%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+217.5%	-548.4%	—
Cash Reconciliation net Change In Cash	+34.7%	-148.5%	—
Cash Reconciliation Cash At Beginning of Period	-37.5%	-36.5%	—
Cash Reconciliation Cash At End of Period	-37.5%	-36.5%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+61.8%	+61.0%	+59.8%
Operating margin	+31.6%	+29.0%	+30.0%
Net margin	+24.6%	+22.8%	+23.1%
FCF margin	+24.6%	+20.7%	+21.1%
Growth
Revenue CAGR (3y)	+8.5%	+6.6%	+10.6%
Returns
ROE	+66.0%	+55.7%	+56.9%
ROA	+31.6%	+27.0%	+25.9%
ROIC	+58.0%	+46.9%	+50.5%
Liquidity
Current ratio	1.23x	1.31x	1.57x
Quick ratio	0.64x	0.71x	0.96x
Leverage
D/E	1.09x	1.06x	1.20x
Interest coverage	35.01x	36.16x	26.39x
Efficiency
Asset turnover	1.28x	1.18x	1.12x
Cash conversion cycle	+106d	+109d	+113d

Valuation

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FY2025 fundamentals · no price

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Idexx Laboratories

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