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IDEXX LABORATORIES INC /DE

CIK: 874716 SIC: 2835
$4.30B
Revenue
$1.06B
Net Income
61.80%
Gross Margin
31.60%
Op. Margin
$1.62B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 16 annual reports available (2010 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
+ Total Revenue $4.30B $4.30B $3.90B $3.66B $3.37B $3.22B $2.71B $2.41B $2.21B $1.97B $1.78B
Revenue Growth % 0.0% 10.4% 6.5% 8.7% 4.7% 18.8% 12.5% 8.8% 12.4% 10.9% nan%
Cost of Revenue $1.64B $1.64B $1.52B $1.47B $1.36B $1.33B $1.14B $1.04B $971.70M $871.68M $799.99M
+ Gross Profit $2.66B $2.66B $2.38B $2.19B $2.00B $1.89B $1.57B $1.37B $1.24B $1.10B $975.44M
Gross Margin % 61.8% 61.8% 61.0% 59.8% 59.5% 58.8% 58.0% 56.7% 56.1% 55.7% 54.9%
Operating Expenses $1.30B $1.30B $1.25B $1.09B $1.11B - - - - - -
Research & Development $251.21M $251.21M $219.79M $190.95M $254.82M $161.01M $141.25M $133.19M $117.86M $109.18M $101.12M
+ Operating Income $1.36B $1.36B $1.13B $1.10B $898.76M $932.03M $694.52M $552.85M $491.33M $413.03M $350.24M
Operating Margin % 31.6% 31.6% 29.0% 30.0% 26.7% 29.0% 25.7% 23.0% 22.2% 21.0% 19.7%
Interest Expense $37.70M $37.70M $33.80M $41.58M $39.86M $29.81M $33.12M $31.05M $34.74M $37.23M $32.05M
Income Before Tax $1.32B $1.32B $1.11B $1.06B $859.97M $902.65M $661.99M $522.22M $457.74M $381.06M $321.85M
Income Tax Expense $264.73M $264.73M $221.96M $216.13M $180.88M $157.81M $79.85M $94.43M $80.69M $117.79M $99.79M
+ Net Income $1.06B $1.06B $887.87M $845.04M $679.09M $744.85M $581.78M $427.72M $377.03M $263.14M $222.04M
Net Margin % 24.6% 24.6% 22.8% 23.1% 20.2% 23.2% 21.5% 17.8% 17.0% 13.4% 12.5%
Basic EPS nan 13.17 10.77 10.17 8.12 8.74 6.82 4.97 4.34 3.00 2.47
Diluted EPS nan 13.08 10.67 10.06 8.03 8.60 6.71 4.89 4.26 2.94 2.44
Basic Shares Outstanding -178K 80.4M 82.5M 83.1M 83.6M 85.2M 85.3M 86.1M 86.9M 87.8M 89.7M
Diluted Shares Outstanding -182K 81.0M 83.2M 84.0M 84.6M 86.6M 86.7M 87.5M 88.5M 89.6M 90.9M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Cash Equivalents $180.07M $288.27M $453.93M $112.55M $144.45M $383.93M $90.33M $123.79M $187.68M $154.90M
Accounts Receivable $552.38M $473.57M $457.44M $400.62M $368.35M $331.43M $269.31M $248.85M $234.60M $204.49M
Inventory $377.76M $381.88M $380.28M $367.82M $269.03M $209.87M $195.02M $173.30M $164.32M $158.03M
Other Current Assets $303.62M $256.18M $203.59M $220.49M $173.82M $137.51M $124.98M $108.22M $101.14M $91.21M
Total Current Assets $1.41B $1.40B $1.50B $1.10B $955.65M $1.06B $679.64M $654.17M $971.99M $845.58M
Property Plant & Equipment $747.38M $713.12M $702.18M $649.47M $587.67M $555.17M $533.85M $437.27M $379.10M $357.42M
Goodwill $414.00M $405.10M $365.96M $361.80M $359.35M $243.35M $239.72M $214.49M $199.87M $178.23M
Intangible Assets $109.84M $111.68M $84.50M $97.67M $99.03M $52.54M $58.47M $41.83M $43.85M $46.16M
Other Non-current Assets $542.48M $547.52M $496.53M $417.73M $330.40M $289.60M $240.19M $189.59M $118.62M $103.31M
Total Assets $3.35B $3.29B $3.26B $2.75B $2.44B $2.29B $1.83B $1.54B $1.71B $1.53B
Accounts Payable $110.41M $114.21M $110.64M $110.22M $116.14M $74.56M $72.17M $69.53M $66.97M $60.06M
Accrued Liabilities $530.15M $502.12M $478.71M $433.66M $458.91M $415.65M $322.94M $260.68M $253.42M $236.13M
Deferred Revenue $35.26M $33.80M $37.20M $37.94M $40.03M $42.57M $41.46M $41.29M $29.18M $27.38M
Total Current Liabilities $1.15B $1.07B $951.55M $1.24B $763.58M $582.76M $725.34M $770.44M $1.00B $934.57M
Long-term Debt $450.00M $449.79M $622.88M $694.39M $775.21M $858.49M $698.91M - - -
Deferred Tax Liabilities $31.86M $11.31M $7.24M $8.15M $8.94M $11.71M $33.02M $29.27M $25.35M -
Other Non-current Liabilities $56.53M $44.34M $65.53M $67.59M $70.94M $85.60M $81.16M $84.83M $95.72M $38.94M
Total Liabilities $1.75B $1.70B $1.78B $2.14B $1.75B $1.66B $1.65B $1.55B $1.77B $1.64B
Common Stock $10.84M $10.78M $10.75M $10.72M $10.69M $10.65M $10.57M $10.51M $10.43M $10.33M
Retained Earnings $6.39B $5.33B $4.44B $3.60B $2.92B $2.18B $1.60B $1.17B $803.54M $540.40M
Treasury Stock - - - - $3.57B $2.80B $2.60B $2.29B $1.91B $1.63B
Total Stockholders Equity $1.61B $1.60B $1.48B $608.74M $689.99M $632.09M $177.47M $-9.51M $-54.11M $-108.35M
Total Liabilities & Equity $3.35B $3.29B $3.26B $2.75B $2.44B $2.29B $1.83B $1.54B $1.71B $1.53B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $1.06B $1.06B $887.87M $845.04M $679.09M $744.85M $581.78M $427.72M $377.03M $263.14M $222.04M
Depreciation & Amortization $249.08M $145.18M $129.94M $114.91M $111.90M $104.60M $96.00M $88.01M $83.18M $83.14M $78.22M
Stock-based Compensation $104.10M $60.01M $60.30M $59.74M $49.77M $37.76M $30.95M $39.28M $25.16M $23.52M $19.89M
Deferred Income Tax - $131.20M $-24.19M $-48.31M - - - - - $-7.92M $20.88M
Change in Receivables $188.85M $68.72M $28.28M $53.87M $41.40M $33.14M $60.72M $22.47M $18.40M $24.92M $22.55M
Change in Inventory $2.71M $789.00K $28.00M $28.65M $121.73M $52.92M $18.89M $37.31M $25.62M $19.06M $-7.65M
Change in Payables $-28.81M $-8.57M $8.09M $-557.00K $3.47M - - - - - -
Operating Cash Flow $1.84B $1.18B $929.00M $906.51M $542.98M $755.55M $648.06M $459.16M $400.08M $373.28M -
Capital Expenditure $218.83M $124.68M $120.92M $133.63M $148.84M $119.55M $106.96M $154.97M $115.75M $74.38M $64.79M
Acquisitions - - $76.69M - $11.51M $173.42M $1.50M $50.30M $22.50M $14.58M $1.96M
Investing Cash Flow $-229.09M $-136.24M $-207.06M $-125.25M $-195.35M $-292.97M $-109.38M $-205.53M $138.60M $-138.69M -
Stock Repurchased $2.36B $1.22B $837.03M $71.92M $819.71M $746.78M $182.81M $301.66M $369.32M $282.56M $304.09M
Financing Cash Flow $-1.99B $-1.16B $-878.07M $-442.00M $-370.94M $-697.41M $-248.42M $-286.41M $-597.80M $-208.02M -
Net Change in Cash $-356.16M $-108.20M $-165.67M $341.39M $-31.91M $-239.47M $293.60M $-33.47M $-63.88M $32.77M $25.91M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $1.11B - $3.21B -
Cost of Revenue $421.88M - $1.21B -
Gross Profit $683.35M - $2.00B -
Operating Expenses $328.51M - $957.04M -
Research & Development $63.41M - $184.37M -
Operating Income $354.85M - $1.04B -
Interest Expense $10.65M - $29.64M -
Income Before Tax $344.77M - $1.02B -
Income Tax Expense $70.16M - $205.93M -
Net Income $274.61M $203.30M $811.28M -
Basic EPS 3.43 - 10.06 -
Diluted EPS 3.40 - 9.99 -
Basic Shares Outstanding $80.10M - $80.61M -
Diluted Shares Outstanding $80.67M - $81.21M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $208.17M $288.27M
Accounts Receivable $566.88M $473.57M
Inventory $391.56M $381.88M
Other Current Assets $310.44M $256.18M
Total Current Assets $1.48B $1.40B
Property Plant & Equipment $739.44M $713.12M
Goodwill $413.65M $405.10M
Intangible Assets $114.79M $111.68M
Other Non-current Assets $513.57M $547.52M
Total Assets $3.39B $3.29B
Accounts Payable $122.27M $114.21M
Accrued Liabilities $488.86M $502.12M
Deferred Revenue $35.69M $33.80M
Total Current Liabilities $1.25B $1.07B
Long-term Debt $374.82M $449.79M
Deferred Tax Liabilities $3.72M $11.31M
Other Non-current Liabilities $57.62M $44.34M
Total Liabilities $1.83B $1.70B
Common Stock $10.83M $10.78M
Retained Earnings $6.14B $5.33B
Total Stockholders Equity $1.56B $1.60B
Total Liabilities & Equity $3.39B $3.29B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $274.61M $203.30M $811.28M -
Depreciation & Amortization - - $106.46M -
Stock-based Compensation - - $43.90M -
Change in Receivables - - $82.59M -
Change in Inventory - - $2.20M -
Change in Payables - - $-4.98M -
Operating Cash Flow - - $826.04M -
Capital Expenditure - - $95.24M -
Acquisitions - - - -
Investing Cash Flow - - $-108.11M -
Stock Repurchased - - $979.19M -
Financing Cash Flow - - $-809.26M -
Net Change in Cash - - $-80.10M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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