IDEXX Laboratories, Inc. develops, manufactures, and distributes products primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets in Africa, the Asia Pacific, Canada, Europe, Latin America, and internationally. The company operates through three segments: Companion Animal Group; Water Quality Products; and Livestock, Poultry and Dairy. It also provides point-of-care veterinary diagnostic products, including instruments, consumables, and rapid assay test kits; veterinary reference laboratory diagnostic and consulting services; practice management and diagnostic imaging systems and services for veterinarians; and health monitoring, biological materials testing, and laboratory diagnostic instruments, and services for biomedical research community. In addition, the company offers diagnostic and health-monitoring products for livestock, poultry, and dairy; products that test water for various microbiological contaminants; point-of-care electrolytes and blood gas analyzers; in-clinic chemistry, blood and urine chemistry, hematology, immunoassay, urinalysis, and coagulation analyzers; and SNAP rapid assays test kits. Further, it provides Colilert, Colilert-18, and Colisure tests, which detect the presence of total coliforms and E. coli in water; Enterolert, Pseudalert, Filta-Max and Filta-Max xpress, Legiolert, and Quanti-Tray products; and veterinary software and services for independent veterinary clinics and corporate groups. Additionally, the company offers human medical point-of-care products and laboratory diagnostics services. The company markets its products through marketing, customer service, sales, and technical service groups, as well as through independent distributors and other resellers. IDEXX Laboratories, Inc. was incorporated in 1983 and is headquartered in Westbrook, Maine.
Market Leadership | IDEXX Laboratories dominates veterinary diagnostics, leveraging innovation and brand recognition to maintain its competitive edge in a shifting landscape |
Navigating Headwinds | Explore how IDEXX is adapting to declining veterinary visits while capitalizing on increased utilization per visit, showcasing resilience in challenging times |
Innovation Pipeline | Delve into IDEXX's product development strategy, including the promising inVue Dx Analyzer and US Catalyst Pancreatic Lipase test, driving future growth |
Financial Outlook | Analysts project double-digit growth for IDEXX, with FY2025 EPS estimates ranging from $11.98 to $12.20, and price targets between $481 and $630 |
Metrics to compare | IDXX | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipIDXXPeersSector | |
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P/E Ratio | 41.3x | −4.2x | −0.6x | |
PEG Ratio | 7.41 | 0.03 | 0.00 | |
Price/Book | 22.1x | 3.3x | 2.6x | |
Price / LTM Sales | 9.3x | 3.0x | 3.2x | |
Upside (Analyst Target) | 8.7% | 44.2% | 40.6% | |
Fair Value Upside | Unlock | 4.9% | 7.1% | Unlock |