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) Operating margin

Alert me on Operating margin

IDEXX Laboratories, Inc.'s operating margin over the twelve months to 30 September 2026 was 32.3%, up 0.7 percentage points from fiscal 2025 (31.6%). Over the past ten years it has ranged from 18.7% (fiscal 2015) to 31.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Diagnostics & Research industry median of −5.68% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 31.6% 2.65
FY2024 29.0% (1.02)
FY2023 30.0% 3.28
FY2022 26.7% (2.30)
FY2021 29.0% 3.33
FY2020 25.7% 2.69
FY2019 23.0% 0.77
FY2018 22.2% 1.22
FY2017 21.0% 1.25
FY2016 19.7% 1.01

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 33.1% (1.84)
Jun 2026 35.0% 3.20
Mar 2026 31.8% 2.84
Dec 2025 28.9% (3.17)
43 more quarters

Against its own ten years

Low 18.7% High 31.6%
Ten-year median 25.7%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
IDXX IDEXX Laboratories, Inc. 32.3%
MTD Mettler-Toledo International, Inc. compare 28.4%
A Agilent Technologies, Inc. compare 22.2%
ILMN Illumina, Inc. compare 21.2%
DGX Quest Diagnostics Incorporated compare 14.6%
IQV IQVIA Holdings Inc. compare 12.8%
LH Labcorp Holdings Inc. compare 10.3%
WAT Waters Corporation compare 4.73%
NTRA Natera, Inc. compare −8.95%
Diagnostics & Research industry median −5.68%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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