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. In the quarter to June 2026, revenue grew 9.66%, EPS grew 17.2%, free cash flow grew 111.4% and total debt fell 14.3%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three.
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IDEXX Laboratories, Inc. (IDXX) Operating margin
IDEXX Laboratories, Inc.'s operating margin over the twelve months to 30 June 2026 was 32.0%, up 0.4 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 −8.57% 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) |
|---|---|---|
| Jun 2026 | 35.0% | 3.20 |
| Mar 2026 | 31.8% | 2.84 |
| Dec 2025 | 28.9% | (3.17) |
| Sep 2025 | 32.1% | (1.51) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| IDXX IDEXX Laboratories, Inc. | 32.0% |
| MTD Mettler-Toledo International, Inc. compare | 28.4% |
| A Agilent Technologies, Inc. compare | 22.2% |
| ILMN Illumina, Inc. compare | 19.7% |
| DGX Quest Diagnostics Incorporated compare | 14.1% |
| IQV IQVIA Holdings Inc. compare | 13.0% |
| LH Labcorp Holdings Inc. compare | 10.4% |
| WAT Waters Corporation compare | 7.10% |
| NTRA Natera, Inc. compare | −10.7% |
| Diagnostics & Research industry median | −8.57% |
| 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
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