WallStSmart

ICON PLC (ICLR)vsIDEXX Laboratories Inc (IDXX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

ICON PLC generates 86% more annual revenue ($8.25B vs $4.45B). IDXX leads profitability with a 24.6% profit margin vs 2.8%. ICLR appears more attractively valued with a PEG of 0.48. IDXX earns a higher WallStSmart Score of 63/100 (C+).

ICLR

Buy

57

out of 100

Grade: C

Growth: 4.0Profit: 5.0Value: 7.3Quality: 6.0
Piotroski: 4/9Altman Z: 1.58

IDXX

Buy

63

out of 100

Grade: C+

Growth: 6.7Profit: 9.5Value: 2.7Quality: 7.0
Piotroski: 6/9Altman Z: 5.92
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ICLRUndervalued (+61.9%)

Margin of Safety

+61.9%

Fair Value

$349.56

Current Price

$149.45

$200.11 discount

UndervaluedFair: $349.56Overvalued
IDXXSignificantly Overvalued (-53.1%)

Margin of Safety

-53.1%

Fair Value

$423.77

Current Price

$562.16

$138.39 premium

UndervaluedFair: $423.77Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ICLR2 strengths · Avg: 10.0/10
PEG RatioValuation
0.4810/10

Growing faster than its price suggests

Price/BookValuation
1.2x10/10

Reasonable price relative to book value

IDXX4 strengths · Avg: 9.8/10
Return on EquityProfitability
70.4%10/10

Every $100 of equity generates 70 in profit

Operating MarginProfitability
31.8%10/10

Strong operational efficiency at 31.8%

Altman Z-ScoreHealth
5.9210/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
24.6%9/10

Keeps 25 of every $100 in revenue as profit

Areas to Watch

ICLR4 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.584/10

Distress zone — elevated risk

Return on EquityProfitability
6.4%3/10

ROE of 6.4% — below average capital efficiency

Profit MarginProfitability
2.8%3/10

2.8% margin — thin

P/E RatioValuation
50.6x2/10

Premium valuation, high expectations priced in

IDXX3 concerns · Avg: 2.0/10
PEG RatioValuation
3.592/10

Expensive relative to growth rate

P/E RatioValuation
41.3x2/10

Premium valuation, high expectations priced in

Price/BookValuation
28.6x2/10

Trading at 28.6x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : ICLR

The strongest argument for ICLR centers on PEG Ratio, Price/Book. Revenue growth of 12.4% demonstrates continued momentum. PEG of 0.48 suggests the stock is reasonably priced for its growth.

Bull Case : IDXX

The strongest argument for IDXX centers on Return on Equity, Operating Margin, Altman Z-Score. Profitability is solid with margins at 24.6% and operating margin at 31.8%. Revenue growth of 14.3% demonstrates continued momentum.

Bear Case : ICLR

The primary concerns for ICLR are Altman Z-Score, Return on Equity, Profit Margin. A P/E of 50.6x leaves little room for execution misses. Thin 2.8% margins leave little buffer for downturns.

Bear Case : IDXX

The primary concerns for IDXX are PEG Ratio, P/E Ratio, Price/Book. A P/E of 41.3x leaves little room for execution misses.

Key Dynamics to Monitor

ICLR profiles as a value stock while IDXX is a mature play — different risk/reward profiles.

IDXX carries more volatility with a beta of 1.54 — expect wider price swings.

IDXX is growing revenue faster at 14.3% — sustainability is the question.

ICLR generates stronger free cash flow (623M), providing more financial flexibility.

Bottom Line

IDXX scores higher overall (63/100 vs 57/100), backed by strong 24.6% margins and 14.3% revenue growth. ICLR offers better value entry with a 61.9% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

ICON PLC

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

ICON Public Limited Company, a clinical research organization, provides outsourced marketing and development services in Ireland, the rest of Europe, the United States and internationally. The company is headquartered in Dublin, Ireland.

IDEXX Laboratories Inc

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

IDEXX Laboratories, Inc. is an American multinational corporation engaged in the development, manufacture, and distribution of products and services for the companion animal veterinary, livestock and poultry, water testing, and dairy markets.

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