IDEXX Laboratories, Inc. (IDXX) vs Illumina, Inc. (ILMN)

IDEXX Laboratories, Inc. and Illumina, Inc. are both Diagnostics & Research companies. IDEXX Laboratories, Inc. is the larger, with a market value of $52.8B against $31.5B — 1.7× the size. Illumina, Inc. trades at the lower P/E: 35.6× against 44.8×. IDEXX Laboratories, Inc. grew revenue faster over the last twelve months: 11.9% against 5.83%. IDEXX Laboratories, Inc. has the higher net margin (25.4% vs 19.7%) and the higher return on invested capital (46.0% vs 16.7%). Across the 22 metrics below, Illumina, Inc. leads on 12 and IDEXX Laboratories, Inc. on 10.

Valuation

Metric IDXX ILMN Diagnostics & Research median
P/E 44.83 35.62 34.52
P/S 11.31 6.98 4.24
P/B 28.21 10.07 3.42
Price to free cash flow 40.57 30.41 33.51
EV/EBITDA 31.80 26.35 23.44
EV/Sales 11.35 7.19 5.18
Earnings yield 2.23% 2.81% (1.50%)
Free cash flow yield 2.47% 3.29% 0.00%

Profitability

Metric IDXX ILMN Diagnostics & Research median
Gross margin 62.72% 67.87% 48.32%
Operating margin 32.30% 21.18% (5.68%)
Net margin 25.36% 19.72% (4.10%)
Free cash flow margin 27.88% 23.29% 0.00%
Return on equity 68.93% 32.39% 0.00%
Return on assets 33.33% 13.78% (6.05%)
Return on invested capital 46.00% 16.70% 0.00%

Growth

Metric IDXX ILMN Diagnostics & Research median
Revenue growth (TTM) 11.87% 5.83% 8.99%
EPS growth (last fiscal year) 22.59% 170.87% 20.36%
Revenue growth, 5-year CAGR 9.72% 6.04% 7.30%
Net income growth, 5-year CAGR 12.74% 5.32% 0.00%

Health

Metric IDXX ILMN Diagnostics & Research median
Debt to equity 0.20 0.57 0.01
Current ratio 1.19 2.63 2.27
Net debt to EBITDA 0.18 (0.13) 0.68

Dividend

Metric IDXX ILMN Diagnostics & Research median
Dividend yield — — 0.67%
Payout ratio — — 0.20

Size

Metric IDXX ILMN Diagnostics & Research median
Market cap 52.84b 31.45b 2.22b

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