Friday 6 November 2026 Export IDXX’s income statement to Excel — free account

IDEXX Laboratories, Inc.

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%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

IDEXX Laboratories, Inc. (IDXX) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
CAG	3,953	91.86%
Water segment revenue	201	4.67%
LPD	132	3.06%
Gross margin		61.80%
Operating margin		31.60%
Pre-tax margin		30.77%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Product revenue	2,539 59.00%	2,248 57.68%	2,090 57.09%	1,929 57.28%	1,875 58.32%	1,587 58.63%	1,423 59.13%	1,323 59.76%	1,176 59.73%	1,071 60.32%
Service revenue	1,764 41.00%	1,649 42.32%	1,571 42.91%	1,439 42.72%	1,340 41.68%	1,120 41.37%	984 40.87%	891 40.24%	793 40.27%	704 39.68%
Revenue	4,304	3,898	3,661	3,367	3,215	2,707	2,407	2,213	1,969	1,775

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Service revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Product revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Reagent rental arrangements	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Reagent Rental Programs	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
CAG	3,953 91.86%	3,574 91.70%	3,352 91.57%	3,059 90.84%	2,890 89.88%	2,386 88.14%	2,119 88.05%	1,935 87.45%	1,703 86.51%	1,523 85.76%	1,356 84.67%	1,223 82.32%	1,140 82.81%	1,072 82.90%	1,000 82.03%	906 82.08%	843 81.74%
Water segment revenue	201 4.67%	185 4.75%	168 4.59%	156 4.62%	147 4.56%	129 4.75%	133 5.52%	125 5.66%	114 5.81%	104 5.83%	97 6.05%	95 6.38%	88 6.39%	85 6.55%	82 6.74%	77 6.93%	73 7.10%
LPD	132 3.06%	122 3.13%	122 3.32%	123 3.64%	136 4.23%	146 5.39%	133 5.51%	131 5.90%	128 6.52%	126 7.12%	127 7.94%	141 9.50%	124 8.98%	111 8.61%	114 9.32%	81 7.36%	77 7.48%
Other segment revenue	—	—	—	—	43 1.34%	46 1.72%	22 0.92%	22 1.00%	23 1.16%	23 1.28%	22 1.35%	27 1.81%	25 1.82%	25 1.94%	23 1.91%	40 3.63%	38 3.67%
Cag Lpd Segment Transition	—	—	—	—	—	—	—	—	—	—	—	14 0.93%	10 0.72%	—	—	—	—
Other, not broken out	—	—	19 0.51%	30 0.90%	—	—	—	—	—	—	—	—	—	—	—	—	—
Eliminations	—	—	—	—	—	—	—	—	—	—	—	(14) (0.93%)	(10) (0.72%)	—	—	—	—
Revenue	4,304	3,898	3,661	3,367	3,215	2,707	2,407	2,213	1,969	1,775	1,602	1,486	1,377	1,293	1,219	1,103	1,032

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
CAG	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Water segment revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
LPD	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other segment revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Unallocated Amounts	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Days sales outstanding	Q3 FY2026	46.70	46.50	+0.43%
Global premium instrument installed base growth	Q3 FY2026	11.0%	—	—
IDEXX inVue Dx placements	Q3 FY2026	1.9K	1.7K	+11.76%
Inventory turns	Q3 FY2026	1.5×	1.5×	0.00%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Days sales outstanding	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Global premium instrument installed base growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
IDEXX inVue Dx placements	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Inventory turns	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.