Quest Diagnostics Incorporated (DGX) vs IDEXX Laboratories, Inc. (IDXX)

Quest Diagnostics Incorporated and IDEXX Laboratories, Inc. are both Diagnostics & Research companies. IDEXX Laboratories, Inc. is the larger, with a market value of $40.2B against $26.2B — 1.5× the size. Quest Diagnostics Incorporated trades at the lower P/E: 24.8× against 36.2×. IDEXX Laboratories, Inc. grew revenue faster over the last twelve months: 12.8% against 9.87%. IDEXX Laboratories, Inc. has the higher net margin (25.0% vs 9.15%) and the higher return on invested capital (48.9% vs 7.94%). Across the 22 metrics below, IDEXX Laboratories, Inc. leads on 13 and Quest Diagnostics Incorporated on 9.

Valuation

Metric DGX IDXX Diagnostics & Research median
P/E 24.77 36.24 33.95
P/S 2.27 9.00 4.87
P/B 3.35 25.42 3.12
Price to free cash flow 19.45 33.14 34.02
EV/EBITDA 14.14 25.58 25.20
EV/Sales 2.70 9.06 5.66
Earnings yield 4.04% 2.76% (1.75%)
Free cash flow yield 5.14% 3.02% (0.13%)

Profitability

Metric DGX IDXX Diagnostics & Research median
Gross margin 33.11% 62.45% 50.89%
Operating margin 14.10% 32.03% (8.57%)
Net margin 9.15% 25.03% (6.37%)
Free cash flow margin 11.67% 27.17% 0.00%
Return on equity 14.03% 74.21% (2.92%)
Return on assets 6.43% 33.65% (6.71%)
Return on invested capital 7.94% 48.87% 0.00%

Growth

Metric DGX IDXX Diagnostics & Research median
Revenue growth (TTM) 9.87% 12.77% 7.69%
EPS growth (last fiscal year) 13.78% 22.59% —
Revenue growth, 5-year CAGR 3.18% 9.72% 7.40%
Net income growth, 5-year CAGR (7.06%) 12.74% 0.00%

Health

Metric DGX IDXX Diagnostics & Research median
Debt to equity 0.72 0.28 0.11
Current ratio 1.59 1.17 2.02
Net debt to EBITDA 2.47 0.18 0.78

Dividend

Metric DGX IDXX Diagnostics & Research median
Dividend yield 2.30% — 0.70%
Payout ratio 0.29 0.00 0.00

Size

Metric DGX IDXX Diagnostics & Research median
Market cap 26.19b 40.18b 2.56b

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