IDEXX Laboratories Inc
NASDAQ: IDXX · HEALTHCARE · DIAGNOSTICS & RESEARCH
Updated 2026-06-05
IDEXX Laboratories Inc (IDXX) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $739.12M | $93.68M | 51.35% | 17.31% | 12.67% |
| 2007 | $922.55M | $94.01M | 50.24% | 14.76% | 10.19% |
| 2008 | $1.02B | $116.17M | 51.73% | 16.84% | 11.34% |
| 2009 | $1.03B | $122.22M | 51.01% | 17.06% | 11.85% |
| 2010 | $1.10B | $141.28M | 52.44% | 18.48% | 12.80% |
| 2011 | $1.22B | $161.79M | 53.05% | 19.38% | 13.28% |
| 2012 | $1.29B | $178.27M | 54.06% | 20.30% | 13.78% |
| 2013 | $1.38B | $187.80M | 54.91% | 19.37% | 13.64% |
| 2014 | $1.49B | $181.91M | 54.93% | 17.52% | 12.24% |
| 2015 | $1.60B | $192.08M | 55.58% | 18.72% | 11.99% |
| 2016 | $1.78B | $222.04M | 54.94% | 19.73% | 12.51% |
| 2017 | $1.97B | $263.14M | 55.73% | 20.98% | 13.36% |
| 2018 | $2.21B | $377.03M | 56.10% | 22.20% | 17.04% |
| 2019 | $2.41B | $427.72M | 56.73% | 22.97% | 17.77% |
| 2020 | $2.71B | $581.78M | 58.04% | 25.66% | 21.49% |
| 2021 | $3.22B | $744.85M | 58.76% | 28.99% | 23.17% |
| 2022 | $3.37B | $679.09M | 59.52% | 26.69% | 20.17% |
| 2023 | $3.66B | $845.04M | 59.82% | 29.97% | 23.08% |
| 2024 | $3.90B | $887.87M | 61.04% | 28.95% | 22.78% |
| 2025 | $4.30B | $1.06B | 61.80% | 31.60% | 24.62% |
Frequently asked questions
What is IDEXX Laboratories Inc's revenue?
IDEXX Laboratories Inc's trailing twelve-month revenue is $4.45B, and consensus projects about $6.50B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is IDXX?
In its most recent fiscal year, IDXX ran a gross margin of 61.80%, an operating margin of 31.60%, and a net margin of 24.62%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does IDXX generate?
IDXX produced $1.05B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is IDXX's balance sheet healthy?
IDXX holds $180.07M in cash and equivalents against $374.84M in long-term debt, on $1.61B of shareholder equity. That debt is best read against the cash flow the business throws off each year.