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 $49.0B against $40.2B — 1.2× the size. Agilent Technologies, Inc. trades at the lower P/E: 33.9× against 36.2×. 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 16 and Agilent Technologies, Inc. on 6.

Valuation

Metric A IDXX Diagnostics & Research median
P/E 33.95 36.24 33.95
P/S 6.61 9.00 4.87
P/B 6.62 25.42 3.12
Price to free cash flow 38.40 33.14 34.02
EV/EBITDA 26.50 25.58 25.20
EV/Sales 6.87 9.06 5.66
Earnings yield 2.95% 2.76% (1.75%)
Free cash flow yield 2.60% 3.02% (0.13%)

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% —
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 0.78

Dividend

Metric A IDXX Diagnostics & Research median
Dividend yield 0.70% — 0.70%
Payout ratio 0.23 0.00 0.00

Size

Metric A IDXX Diagnostics & Research median
Market cap 49.02b 40.18b 2.56b

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