IDEXX Laboratories, Inc.

IDXX Healthcare Diagnostics & Research

IDEXX Laboratories, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.3 billion, up 10.4% from fiscal 2024.

Revenue
+9.86%
EPS
+17.3%
Free cash flow
+17.6%
Total debt
−28.6%

Quarter to September 2026, against a year earlier

669.01 29.54 −4.23%
Market cap
$52.8B
P/E
44.8×
Fwd P/E
37.3×
Dividend yield
—
F-score
8/9
Altman Z
24.09
Beneish M
−2.50
Dividend safety
n/a

IDEXX Laboratories, Inc. (IDXX) Gross margin

Alert me on Gross margin

IDEXX Laboratories, Inc.'s gross margin over the twelve months to 30 September 2026 was 62.7%, up 0.9 percentage points from fiscal 2025 (61.8%). Over the past ten years it has ranged from 54.9% (fiscal 2016) to 61.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Diagnostics & Research industry median of 48.3% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 61.8% 0.76
FY2024 61.0% 1.22
FY2023 59.8% 0.30
FY2022 59.5% 0.76
FY2021 58.8% 0.72
FY2020 58.0% 1.31
FY2019 56.7% 0.63
FY2018 56.1% 0.37
FY2017 55.7% 0.79
FY2016 54.9% (0.64)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 62.9% (1.10)
Jun 2026 64.0% 0.69
Mar 2026 63.4% 3.00
Dec 2025 60.4% (1.48)
43 more quarters

Against its own ten years

Low 54.9% High 61.8%
Ten-year median 58.0%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
ILMN Illumina, Inc. compare 67.9%
IDXX IDEXX Laboratories, Inc. 62.7%
MTD Mettler-Toledo International, Inc. compare 60.3%
A Agilent Technologies, Inc. compare 53.8%
WAT Waters Corporation compare 49.5%
DGX Quest Diagnostics Incorporated compare 33.1%
IQV IQVIA Holdings Inc. compare 33.1%
LH Labcorp Holdings Inc. compare 29.0%
NTRA Natera, Inc. compare 0.00%
Diagnostics & Research industry median 48.3%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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