Agilent Technologies, Inc. (A) vs IDEXX Laboratories, Inc. (IDXX)

Agilent Technologies, Inc. and IDEXX Laboratories, Inc. are both Diagnostics & Research companies. Agilent Technologies, Inc. is the larger, with a market value of $49.5B against $43.1B — 1.1× the size. Agilent Technologies, Inc. trades at the lower P/E: 34.0× against 39.1×. IDEXX Laboratories, Inc. grew revenue faster over the last twelve months: 12.8% against 8.60%. IDEXX Laboratories, Inc. has the higher net margin (25.0% vs 19.5%) and the higher return on invested capital (48.9% vs 11.1%). Across the 22 metrics below, IDEXX Laboratories, Inc. leads on 15 and Agilent Technologies, Inc. on 7.

Valuation

Metric A IDXX Diagnostics & Research median
P/E 33.98 39.10 35.56
P/S 6.62 9.72 4.37
P/B 6.62 27.44 3.06
Price to free cash flow 38.44 35.76 35.76
EV/EBITDA 26.52 27.59 24.35
EV/Sales 6.87 9.77 5.51
Earnings yield 2.94% 2.56% (1.89%)
Free cash flow yield 2.60% 2.80% (0.15%)

Profitability

Metric A IDXX Diagnostics & Research median
Gross margin 53.83% 62.45% 50.89%
Operating margin 22.23% 32.03% (8.57%)
Net margin 19.53% 25.03% (6.37%)
Free cash flow margin 17.19% 27.17% 0.00%
Return on equity 20.97% 74.21% (2.92%)
Return on assets 11.00% 33.65% (6.71%)
Return on invested capital 11.07% 48.87% 0.00%

Growth

Metric A IDXX Diagnostics & Research median
Revenue growth (TTM) 8.60% 12.77% 7.69%
EPS growth (last fiscal year) 3.16% 22.59% 25.92%
Revenue growth, 5-year CAGR 5.41% 9.72% 7.40%
Net income growth, 5-year CAGR 12.63% 12.74% 0.00%

Health

Metric A IDXX Diagnostics & Research median
Debt to equity 0.50 0.28 0.11
Current ratio 2.05 1.17 2.02
Net debt to EBITDA 0.71 0.18 0.70

Dividend

Metric A IDXX Diagnostics & Research median
Dividend yield 0.59% — 0.66%
Payout ratio 0.20 — 0.20

Size

Metric A IDXX Diagnostics & Research median
Market cap 49.49b 43.11b 2.16b

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