Danaher Corporation (DHR) vs IDEXX Laboratories, Inc. (IDXX)

Danaher Corporation and IDEXX Laboratories, Inc. are both Diagnostics & Research companies. Danaher Corporation is the larger, with a market value of $162.7B against $43.1B — 3.8× the size. IDEXX Laboratories, Inc. trades at the lower P/E: 39.1× against 40.5×. IDEXX Laboratories, Inc. grew revenue faster over the last twelve months: 12.8% against 4.56%. IDEXX Laboratories, Inc. has the higher net margin (25.0% vs 16.0%) and the higher return on invested capital (48.9% vs 4.37%). Across the 22 metrics below, IDEXX Laboratories, Inc. leads on 15 and Danaher Corporation on 7.

Valuation

Metric DHR IDXX Diagnostics & Research median
P/E 40.53 39.10 35.56
P/S 6.43 9.72 4.37
P/B 3.07 27.44 3.06
Price to free cash flow 29.42 35.76 35.76
EV/EBITDA 23.66 27.59 24.35
EV/Sales 7.26 9.77 5.51
Earnings yield 2.47% 2.56% (1.89%)
Free cash flow yield 3.40% 2.80% (0.15%)

Profitability

Metric DHR IDXX Diagnostics & Research median
Gross margin 58.51% 62.45% 50.89%
Operating margin 20.42% 32.03% (8.57%)
Net margin 15.95% 25.03% (6.37%)
Free cash flow margin 21.86% 27.17% 0.00%
Return on equity 7.63% 74.21% (2.92%)
Return on assets 4.60% 33.65% (6.71%)
Return on invested capital 4.37% 48.87% 0.00%

Growth

Metric DHR IDXX Diagnostics & Research median
Revenue growth (TTM) 4.56% 12.77% 7.69%
EPS growth (last fiscal year) (4.54%) 22.59% 25.92%
Revenue growth, 5-year CAGR 1.97% 9.72% 7.40%
Net income growth, 5-year CAGR 0.59% 12.74% 0.00%

Health

Metric DHR IDXX Diagnostics & Research median
Debt to equity 0.48 0.28 0.11
Current ratio 1.65 1.17 2.02
Net debt to EBITDA 1.93 0.18 0.70

Dividend

Metric DHR IDXX Diagnostics & Research median
Dividend yield 0.66% — 0.66%
Payout ratio 0.27 — 0.20

Size

Metric DHR IDXX Diagnostics & Research median
Market cap 162.74b 43.11b 2.16b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack