Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Idexx Laboratories

IDXX stock analysis · Health Care · Health Care Equipment

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$526.44HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$41.5B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$203.57

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -61.3% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

29.5%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-35.2%

14 industry peers · median 25.4×

How this is calculated ↗
Valuation

Historical multiples

60.7×

7 annual observations · snapshot P/E 39.2× · -35.5% versus history

How this is calculated ↗
Valuation

Free cash flow yield

2.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

56.5%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

15/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

1.7%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

2.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-3.7%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

5.6%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.2B2020-12-31: cfo $648,063,000.002020-12-31: capex $106,958,000.0020202021-12-31: cfo $755,546,000.002021-12-31: capex $119,549,000.0020212022-12-31: cfo $542,984,000.002022-12-31: capex $148,838,000.0020222023-12-31: cfo $906,510,000.002023-12-31: capex $133,631,000.0020232024-12-31: cfo $929,001,000.002024-12-31: capex $120,922,000.0020242025-12-31: cfo $1,181,805,000.002025-12-31: capex $124,676,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$255.33$278.59$303.60
10.0%$187.11$203.57$221.25
12.0%$147.61$160.17$173.64

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-314.3B1.1B1.2B124.7M3.4B
2024-12-313.9B887.9M929M120.9M3.3B
2023-12-313.7B845M906.5M133.6M3.3B
2022-12-313.4B679.1M543M148.8M2.7B
2021-12-313.2B744.8M755.5M119.5M2.4B
2020-12-312.7B582.1M648.1M107M2.3B
2019-12-312.4B427.8M459.2M155M1.8B
2018-12-312.2B377M400.1M115.8M1.5B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue4.3BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-20
netIncome1.1BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-20
Parent/common earnings proxy1.1BNetIncomeLoss2026-02-20
cfo1.2BNetCashProvidedByUsedInOperatingActivities2026-02-20
capex124.7MPaymentsToAcquirePropertyPlantAndEquipment2026-02-20
operatingIncome1.4BOperatingIncomeLoss2026-02-20
assets3.4BAssets2026-02-20
equity1.6BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-20
Parent book equity proxy1.6BStockholdersEquity2026-02-20
debt450MLongTermDebt2026-02-20
shortDebtNot reported under a supported tag
cash180.1MCashAndCashEquivalentsAtCarryingValue2026-02-20
shares81MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-20
dividends0Reviewed manual correction
This issuer explicitly confirms in its annual filing that it has never declared or paid cash dividends on its common/capital stock. Reviewed cash-dividend zero, bounded to fiscal period ending 2025-12-31. The exact statement and source filing are retained in the evidence record. This is explicit filing evidence, not an assumption from an absent cash-flow line. Surrounding source passage reviewed as the registrant’s own common-stock policy, not a subsidiary or predecessor statement.
2026-02-20
buybacks1.2BPaymentsForRepurchaseOfCommonStock2026-02-20
issuance93.4MReviewed manual correction
Bounded FY2025-12-31 consolidated financing-statement extraction. Proceeds from exercises of stock options and employee stock purchase plans: 93362000 USD [us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions]. All 9 financing lines reconcile exactly to reported financing cash flow -1164964000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: issuance follows the separately reported common cash-inflow lines; it is not an independent verification of every gross equity transaction.
2026-02-20