IDEXX Laboratories (IDXX) Stock Analysis

November 11, 2026

This is a peer-relative look at IDEXX Laboratories (IDXX): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for IDEXX Laboratories (IDXX)
Profile Item	IDXX
Name	IDEXX Laboratories, Inc.
Country/Region	United States
GICS Sector	Health Care
GICS Industry Group	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Equipment
Market Capitalization	53.26 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 21, 1991
Security Type	Common Stock

Price Performance

Cumulative Growth

IDXX

GSPC

IDEXX Laboratories (IDXX) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for IDEXX Laboratories (IDXX) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for IDEXX Laboratories (IDXX) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

IDEXX Laboratories (IDXX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: IDXX	Industry group median
Total Return (1Y)	-1.84%	21.53%
Total Return (3Y, Annualized)	18.42%	9.81%
Total Return (5Y, Annualized)	2.02%	-2.76%

Risk Profile

Drawdown History

IDXX

GSPC

IDEXX Laboratories (IDXX) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for IDEXX Laboratories (IDXX) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

IDEXX Laboratories (IDXX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: IDXX	Industry group median
Volatility (1Y, Annualized)	37.02%	50.93%
Beta (5Y)	1.44	0.85
Max Drawdown (5Y)	-50.91%	-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. IDXX is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

IDEXX Laboratories (IDXX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: IDXX	Industry group median
Sharpe Ratio (1Y)	-0.17	0.34
Sortino Ratio (1Y)	-0.28	0.54

Profitability

ROE (TTM)

IDEXX Laboratories (IDXX) posts ROE of 68.93%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.

IDXX

Health Care Equipment & Services industry group

68.93%

Group distribution

IDXX: 68.93%
Max: 47.61%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Largest peers

IDXX: 68.93%
ISRG: 17.93%
SYK: 16.02%
UNH: 15.77%
MDT: 10.65%
ABT: 9.14%
MCK: --

Where IDEXX Laboratories (IDXX) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

IDEXX Laboratories (IDXX) keeps 25.36% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

IDXX

Health Care Equipment & Services industry group

25.36%

Group distribution

Max: 29.35%
IDXX: 25.36%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Largest peers

ISRG: 25.54%
IDXX: 25.36%
MDT: 13.93%
SYK: 13.78%
ABT: 9.75%
UNH: 3.53%
MCK: 1.12%

Where IDEXX Laboratories (IDXX) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

IDEXX Laboratories (IDXX) turns 33.14% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

IDXX

Health Care Equipment & Services industry group

33.14%

Group distribution

Max: 35.43%
IDXX: 33.14%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Largest peers

ISRG: 33.29%
IDXX: 33.14%
SYK: 22.96%
MDT: 19.33%
ABT: 11.66%
UNH: 5.82%
MCK: 1.48%

Where IDEXX Laboratories (IDXX) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

IDEXX Laboratories (IDXX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: IDXX	Industry group median
ROE (TTM)	68.93%	5.45%
ROA (TTM)	26.70%	3.17%
Net Margin (TTM)	25.36%	2.18%
Operating Margin (TTM)	33.14%	6.81%
Gross Margin (TTM)	62.72%	55.21%

Growth

Revenue Growth

IDEXX Laboratories (IDXX) grew revenue 10.42%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

IDEXX Laboratories (IDXX): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

IDEXX Laboratories (IDXX) grew earnings per share 22.59%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

IDEXX Laboratories (IDXX): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

IDEXX Laboratories (IDXX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: IDXX	Industry group median
Revenue Growth (YoY)	10.42%	11.55%
Revenue Growth (3Y CAGR)	8.52%	10.83%
EPS Growth (YoY)	22.59%	4.88%
EPS Growth (3Y CAGR)	17.66%	14.59%

Financial Strength

Current Ratio (MRQ)

IDEXX Laboratories (IDXX) has current ratio of 1.19, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

IDXX

Health Care Equipment & Services industry group

1.19

Group distribution

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
IDXX: 1.19
Min: 0.30

Largest peers

ISRG: 3.33
SYK: 2.18
MDT: 2.07
ABT: 1.46
IDXX: 1.19
MCK: 0.90
UNH: 0.74

Where IDEXX Laboratories (IDXX) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

IDEXX Laboratories (IDXX) has debt-to-equity ratio of 0.52, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

IDXX

Health Care Equipment & Services industry group

0.52

Group distribution

Max: 1.88
Q3: 0.91
Median: 0.58
IDXX: 0.52
Q1: 0.16
Min: 0.00

Largest peers

UNH: 0.70
SYK: 0.66
ABT: 0.61
MDT: 0.55
IDXX: 0.52
ISRG: --
MCK: --

Where IDEXX Laboratories (IDXX) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

IDEXX Laboratories (IDXX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: IDXX	Industry group median
Current Ratio (MRQ)	1.19	1.98
Debt / Equity (MRQ)	0.52	0.58
Net Debt / EBITDA	0.46	2.04

Dividends

Dividend Yield (TTM)

IDEXX Laboratories (IDXX) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

IDXX

Health Care Equipment & Services industry group

0.00%

Group distribution

IDXX: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MDT: 2.72%
UNH: 2.29%
ABT: 2.22%
SYK: 1.05%
MCK: 0.32%
IDXX: 0.00%
ISRG: 0.00%

Where IDEXX Laboratories (IDXX) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

IDEXX Laboratories (IDXX) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

IDXX

Health Care Equipment & Services industry group

0.00%

Group distribution

IDXX: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

ABT: 92.54%
MDT: 70.02%
UNH: 51.71%
SYK: 37.49%
MCK: 8.77%
IDXX: 0.00%
ISRG: 0.00%

Where IDEXX Laboratories (IDXX) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

IDEXX Laboratories (IDXX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: IDXX	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

IDEXX Laboratories (IDXX) trades at P/E ratio of 45.56, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

IDXX

Health Care Equipment & Services industry group

45.56

Group distribution

Max: 80.41
Q3: 47.62
IDXX: 45.56
Median: 29.93
Q1: 21.19
Min: 4.21

Largest peers

ISRG: 54.75
IDXX: 45.56
ABT: 41.02
SYK: 34.70
MCK: 27.36
MDT: 25.01
UNH: 22.50

Where IDEXX Laboratories (IDXX) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

IDEXX Laboratories (IDXX) trades at 11.42 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

IDXX

Health Care Equipment & Services industry group

11.42

Group distribution

IDXX: 11.42
Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

Largest peers

ISRG: 13.82
IDXX: 11.42
SYK: 4.72
ABT: 3.95
MDT: 3.47
UNH: 0.78
MCK: 0.29

Where IDEXX Laboratories (IDXX) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

IDEXX Laboratories (IDXX) trades at 28.50 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

IDXX

Health Care Equipment & Services industry group

28.50

Group distribution

IDXX: 28.50
Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

Largest peers

IDXX: 28.50
ISRG: 9.82
SYK: 5.29
ABT: 3.73
UNH: 3.60
MDT: 2.59
MCK: -30.85

Where IDEXX Laboratories (IDXX) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

IDEXX Laboratories (IDXX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: IDXX	Industry group median
P/E Ratio (TTM)	45.56	29.93
P/S Ratio (TTM)	11.42	2.13
P/B Ratio (MRQ)	28.50	3.00
Free Cash Flow Yield (TTM)	2.00%	3.50%