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IDXX vs. MDT: IDEXX Laboratories vs. Medtronic Stock Comparison

How do IDEXX Laboratories (IDXX) and Medtronic (MDT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

IDEXX Laboratories (IDXX) and Medtronic (MDT) are both classified in the Health Care Equipment sub-industry within the broader Health Care Equipment & Supplies industry, placing them in the closest GICS peer bucket.

Company profile comparison for IDEXX Laboratories (IDXX) and Medtronic (MDT)
Profile ItemIDXXMDT
NameIDEXX Laboratories, Inc.Medtronic plc
Country/RegionUnited StatesIreland
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & SuppliesHealth Care Equipment & Supplies
GICS Sub-IndustryHealth Care EquipmentHealth Care Equipment
Market Capitalization53.26 billion USD130.22 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJune 21, 1991May 2, 1973
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

IDXX
MDT
GSPC
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT), with S&P 500 (GSPC) for reference: 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 Medtronic (MDT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for IDEXX Laboratories (IDXX) and Medtronic (MDT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for IDEXX Laboratories (IDXX) and Medtronic (MDT)
MetricIDXXMDT
Total Return (1Y)-1.84%15.72%
Total Return (3Y, Annualized)18.42%17.58%
Total Return (5Y, Annualized)2.02%-0.18%

Risk Profile

Drawdown History

IDXX
MDT
GSPC
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT), with S&P 500 (GSPC) for reference: 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 Medtronic (MDT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

IDEXX Laboratories (IDXX) has an aggressive beta of 1.44, indicating higher sensitivity to broad-market moves, while Medtronic (MDT) is defensive at 0.53 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Medtronic (MDT) is heavily traded at around 16.48M shares per day, whereas IDEXX Laboratories (IDXX) sees a more moderate 564.80K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for IDEXX Laboratories (IDXX) and Medtronic (MDT)
MetricIDXXMDT
Volatility (1Y, Annualized)37.02%25.84%
Beta (5Y)1.440.53
Max Drawdown (5Y)-50.91%-39.67%
Avg. Volume (3M)564.80K16.48M

Risk-Adjusted Performance

Risk-Return Positioning

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IDXX and MDT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for IDEXX Laboratories (IDXX) and Medtronic (MDT)
MetricIDXXMDT
Sharpe Ratio (1Y)-0.170.44
Sortino Ratio (1Y)-0.280.71

Profitability

ROE (TTM)

IDEXX Laboratories (IDXX) at 68.93% clears its industry range for ROE, a sharper capital-efficiency signal than Medtronic (MDT) at 10.65%, which is closer to a typical peer reading.

IDXX

Health Care Equipment & Services industry group

68.93%

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

MDT

Health Care Equipment & Services industry group

10.65%

Max
47.61%
Q3
14.36%
MDT
10.65%
Median
5.45%
Q1
-10.67%
Min
-47.01%
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both IDEXX Laboratories (IDXX) at 25.36% and Medtronic (MDT) at 13.93% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

IDXX

Health Care Equipment & Services industry group

25.36%

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

MDT

Health Care Equipment & Services industry group

13.93%

Max
29.35%
MDT
13.93%
Q3
9.33%
Median
2.18%
Q1
-6.29%
Min
-28.46%
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both IDEXX Laboratories (IDXX) at 33.14% and Medtronic (MDT) at 19.33% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

IDXX

Health Care Equipment & Services industry group

33.14%

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

MDT

Health Care Equipment & Services industry group

19.33%

Max
35.43%
MDT
19.33%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for IDEXX Laboratories (IDXX) and Medtronic (MDT)
MetricIDXXMDT
ROE (TTM)68.93%10.65%
ROA (TTM)26.70%5.12%
Net Margin (TTM)25.36%13.93%
Operating Margin (TTM)33.14%19.33%
Gross Margin (TTM)62.72%65.27%

Growth

Revenue Growth

Both IDEXX Laboratories (IDXX) at 10.42% and Medtronic (MDT) at 8.43% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both IDEXX Laboratories (IDXX) at 22.59% and Medtronic (MDT) at 3.32% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for IDEXX Laboratories (IDXX) and Medtronic (MDT)
MetricIDXXMDT
Revenue Growth (YoY)10.42%8.43%
Revenue Growth (3Y CAGR)8.52%5.21%
EPS Growth (YoY)22.59%3.32%
EPS Growth (3Y CAGR)17.66%9.77%

Financial Strength

Current Ratio (MRQ)

Medtronic (MDT) at 2.07 keeps current ratio within its industry’s typical mid-range, while IDEXX Laboratories (IDXX) at 1.19 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for IDXX.

IDXX

Health Care Equipment & Services industry group

1.19

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

MDT

Health Care Equipment & Services industry group

2.07

Max
7.59
Q3
4.00
MDT
2.07
Median
1.98
Q1
1.37
Min
0.30
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both IDEXX Laboratories (IDXX) at 0.52 and Medtronic (MDT) at 0.55 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

IDXX

Health Care Equipment & Services industry group

0.52

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

MDT

Health Care Equipment & Services industry group

0.55

Max
1.88
Q3
0.91
Median
0.58
MDT
0.55
Q1
0.16
Min
0.00
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for IDEXX Laboratories (IDXX) and Medtronic (MDT)
MetricIDXXMDT
Current Ratio (MRQ)1.192.07
Debt / Equity (MRQ)0.520.55
Net Debt / EBITDA0.461.86

Dividends

Dividend Yield (TTM)

IDEXX Laboratories (IDXX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Medtronic (MDT) reports a yield of 2.72%, ranking against industry peers normally.

IDXX

Health Care Equipment & Services industry group

0.00%

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

MDT

Health Care Equipment & Services industry group

2.72%

MDT
2.72%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

IDEXX Laboratories (IDXX) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Medtronic (MDT) reports a payout of 70.02%, ranking against industry peers normally.

IDXX

Health Care Equipment & Services industry group

0.00%

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

MDT

Health Care Equipment & Services industry group

70.02%

MDT
70.02%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for IDEXX Laboratories (IDXX) and Medtronic (MDT)
MetricIDXXMDT
Dividend Yield (TTM)0.00%2.72%
Dividend Payout Ratio (TTM)0.00%70.02%

Valuation

P/E Ratio (TTM)

Both IDEXX Laboratories (IDXX) at 45.56 and Medtronic (MDT) at 25.01 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

IDXX

Health Care Equipment & Services industry group

45.56

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

MDT

Health Care Equipment & Services industry group

25.01

Max
80.41
Q3
47.62
Median
29.93
MDT
25.01
Q1
21.19
Min
4.21
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Medtronic (MDT) at 3.47 prices around its industry’s typical P/S ratio, while IDEXX Laboratories (IDXX) at 11.42 clears its benchmark range — IDXX looks notably rich on sales.

IDXX

Health Care Equipment & Services industry group

11.42

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

MDT

Health Care Equipment & Services industry group

3.47

Max
8.80
Q3
4.32
MDT
3.47
Median
2.13
Q1
1.10
Min
0.03
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Medtronic (MDT) at 2.59 sits near its industry’s typical P/B ratio, while IDEXX Laboratories (IDXX) at 28.50 prices above its benchmark range — IDXX looks rich relative to book.

IDXX

Health Care Equipment & Services industry group

28.50

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

MDT

Health Care Equipment & Services industry group

2.59

Max
11.68
Q3
6.12
Median
3.00
MDT
2.59
Q1
1.73
Min
-1.31
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IDEXX Laboratories (IDXX) vs. Medtronic (MDT): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for IDEXX Laboratories (IDXX) and Medtronic (MDT)
MetricIDXXMDT
P/E Ratio (TTM)45.5625.01
P/S Ratio (TTM)11.423.47
P/B Ratio (MRQ)28.502.59
Free Cash Flow Yield (TTM)2.00%4.16%