Seek Returns

IDXX vs. SOLV: IDEXX Laboratories vs. Solventum Stock Comparison

How do IDEXX Laboratories (IDXX) and Solventum (SOLV) 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 Solventum (SOLV) both belong to the Health Care Equipment & Supplies industry, though IDXX is classified under Health Care Equipment while SOLV falls under Health Care Supplies.

IDEXX Laboratories (IDXX) carries decades of public-market history since June 21, 1991, while Solventum (SOLV) listed on March 26, 2024 — long-window comparisons have far more historical data on the IDXX side.

Company profile comparison for IDEXX Laboratories (IDXX) and Solventum (SOLV)
Profile ItemIDXXSOLV
NameIDEXX Laboratories, Inc.Solventum Corporation
Country/RegionUnited StatesUnited States
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 Supplies
Market Capitalization53.26 billion USD15.36 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJune 21, 1991March 26, 2024
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

IDXX
SOLV
GSPC
Loading price history…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV), 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

Loading price history…
Trailing total returns for IDEXX Laboratories (IDXX) and Solventum (SOLV). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for IDEXX Laboratories (IDXX) and Solventum (SOLV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for IDEXX Laboratories (IDXX) and Solventum (SOLV)
MetricIDXXSOLV
Total Return (1Y)-1.84%25.89%
Total Return (3Y, Annualized)18.42%--
Total Return (5Y, Annualized)2.02%--

Risk Profile

Drawdown History

IDXX
SOLV
GSPC
Loading price history…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV), 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

Loading price history…
Distribution of monthly total returns for IDEXX Laboratories (IDXX) and Solventum (SOLV). 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 Solventum (SOLV) is defensive at 0.62 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for IDEXX Laboratories (IDXX) and Solventum (SOLV)
MetricIDXXSOLV
Volatility (1Y, Annualized)37.02%30.06%
Beta (5Y)1.440.62
Max Drawdown (5Y)-50.91%-39.98%
Avg. Volume (3M)564.80K1.05M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
IDXX and SOLV 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 Solventum (SOLV)
MetricIDXXSOLV
Sharpe Ratio (1Y)-0.170.72
Sortino Ratio (1Y)-0.281.08

Profitability

ROE (TTM)

IDEXX Laboratories (IDXX) at 68.93% clears its industry range for ROE, a sharper capital-efficiency signal than Solventum (SOLV) at 3.19%, 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%

SOLV

Health Care Equipment & Services industry group

3.19%

Max
47.61%
Q3
14.36%
Median
5.45%
SOLV
3.19%
Q1
-10.67%
Min
-47.01%
Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

IDEXX Laboratories (IDXX) at 25.36% retains a top-quartile share of revenue as profit, ahead of Solventum (SOLV) at 1.91%, which keeps about the industry-typical share.

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%

SOLV

Health Care Equipment & Services industry group

1.91%

Max
29.35%
Q3
9.33%
Median
2.18%
SOLV
1.91%
Q1
-6.29%
Min
-28.46%
Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

IDEXX Laboratories (IDXX) at 33.14% operates in the top operating margin quartile, ahead of Solventum (SOLV) at 6.82%, which runs around its industry’s norm.

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%

SOLV

Health Care Equipment & Services industry group

6.82%

Max
35.43%
Q3
14.14%
SOLV
6.82%
Median
6.81%
Q1
-0.28%
Min
-16.29%
Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for IDEXX Laboratories (IDXX) and Solventum (SOLV)
MetricIDXXSOLV
ROE (TTM)68.93%3.19%
ROA (TTM)26.70%2.29%
Net Margin (TTM)25.36%1.91%
Operating Margin (TTM)33.14%6.82%
Gross Margin (TTM)62.72%55.13%

Growth

Revenue Growth

IDEXX Laboratories (IDXX) at 10.42% is around its peer norm for revenue growth, while Solventum (SOLV) at 0.86% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Solventum (SOLV) at 221.74% clears its industry range for EPS growth, a much stronger earnings trajectory than IDEXX Laboratories (IDXX) at 22.59%, which is closer to a typical peer reading.

Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for IDEXX Laboratories (IDXX) and Solventum (SOLV)
MetricIDXXSOLV
Revenue Growth (YoY)10.42%0.86%
Revenue Growth (3Y CAGR)8.52%0.79%
EPS Growth (YoY)22.59%221.74%
EPS Growth (3Y CAGR)17.66%4.51%

Financial Strength

Current Ratio (MRQ)

Both IDEXX Laboratories (IDXX) at 1.19 and Solventum (SOLV) at 1.03 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

SOLV

Health Care Equipment & Services industry group

1.03

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
SOLV
1.03
Min
0.30
Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

IDEXX Laboratories (IDXX) at 0.52 carries an industry-typical debt-to-equity mix, while Solventum (SOLV) at 1.10 uses more debt funding than most peers.

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

SOLV

Health Care Equipment & Services industry group

1.10

Max
1.88
SOLV
1.10
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): 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 Solventum (SOLV)
MetricIDXXSOLV
Current Ratio (MRQ)1.191.03
Debt / Equity (MRQ)0.521.10
Net Debt / EBITDA0.464.66

Dividends

Dividend Yield (TTM)

Neither IDEXX Laboratories (IDXX) nor Solventum (SOLV) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither IDEXX Laboratories (IDXX) nor Solventum (SOLV) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for IDEXX Laboratories (IDXX) and Solventum (SOLV)
MetricIDXXSOLV
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

IDEXX Laboratories (IDXX) at 45.56 is near its industry’s usual P/E ratio, while Solventum (SOLV) at 101.55 sits above its peer range — an unusually expensive price for SOLV’s trailing earnings.

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

SOLV

Health Care Equipment & Services industry group

101.55

SOLV
101.55
Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
Min
4.21
Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Solventum (SOLV) at 1.88 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

SOLV

Health Care Equipment & Services industry group

1.88

Max
8.80
Q3
4.32
Median
2.13
SOLV
1.88
Q1
1.10
Min
0.03
Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Solventum (SOLV) at 3.20 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

SOLV

Health Care Equipment & Services industry group

3.20

Max
11.68
Q3
6.12
SOLV
3.20
Median
3.00
Q1
1.73
Min
-1.31
Loading chart…
IDEXX Laboratories (IDXX) vs. Solventum (SOLV): 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 Solventum (SOLV)
MetricIDXXSOLV
P/E Ratio (TTM)45.56101.55
P/S Ratio (TTM)11.421.88
P/B Ratio (MRQ)28.503.20
Free Cash Flow Yield (TTM)2.00%1.31%