Idexx Laboratories, Inc.

Idexx Laboratories, Inc.

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Market Cap$46.28B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Idexx Laboratories, Inc.Idexx Laboratories, Inc.41.2-71%10.10.6

Earnings Call Q2 2026

August 4, 2026 - AI Summary

Q2 results were strong; CAG Diagnostics led growth - Revenue ~10% reported / 9% organic in Q2, driven by ~9% CAG growth, Water +13%, and LPD +9% (all organic). - CAG Diagnostics recurring revenue +10.3% organic (net of ~50 bps headwind from calendar/equivalent days and ~4% global net price improvement). - U.S. same-store clinical visits -1.3% in the quarter (wellness down is the main drag), but diagnostics/utilization and recurring revenue still grew—implying improving visit quality vs visit count.
InVue Dx momentum + consumables opportunity (FNA rollout on track) - Premium instrument placements: 5,265 units in Q2; ~1,602 IDEXX inVue Dx units. - Company is on pace for full-year inVue Dx placement goal: 5,500. - FNA (fine needle aspirate) on inVue Dx: progressing through a controlled launch; broadened into Q3 with full availability targeted by end of year. - Early indications from FNA: more masses evaluated (management expects this to translate into upside in consumables over time). - Management said overall inVue consumables performance is comfortably within prior guidance range (mentioned target range: $3,500 to $5,500 per instrument).
Profitability improved; strong cash generation; aggressive buybacks - Comparable operating profit +12%, and reported operating margin 35% in Q2; gross margin 64% (about +120 bps comparable). - EPS $4.27 (+18% reported / +15% comparable). - Free cash flow: $323M in Q2; $557M in 1H 2026; 110% trailing net income→FCF conversion. - Capital returns: share repurchases $332M in Q2 / $693M YTD, reducing diluted shares by about ~2% YoY in Q2. - Balance sheet remains strong: leverage ratios 0.6x gross / 0.5x net of cash. - Company raised full-year FCF conversion target to 90%–100% of net income, with ~$180M capital spending.

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$630.00

Target Price by Analysts

11.1% upsideIdexx Laboratories Target Price DetailsTarget Price
$156.84

Current Fair Value

72.3% downside

Overvalued by 72.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$46.28 Billion
Enterprise Value$47.09 Billion
Dividend Yield$- (-)
Earnings per Share$13.17
Beta1.55
Outstanding Shares80,096,000

Return

Return on Equity70.67%ROE
Return on Assets33.11%
Return on Invested Capital67.81%

Valuation & Multiples

P/E Ratio41.2P/E Ratio
PEG272.65PEG
Price to Sales10.12Price to Sales
Price to Book Ratio28.35Price to Book Ratio
Enterprise Value to Revenue10.34
Enterprise Value to EBIT32.23
Enterprise Value to Net Income41
Total Debt to Enterprise0.02
Debt to Equity0.62Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 4, 2026
EPS Estimate
$3.94
Average shareholder expectation
Revenue Estimate
$1.20 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 2, 2026
EPS Estimate
$3.71
Average shareholder expectation
Revenue Estimate
$1.19 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 60.22%
Total Calls- 100.00%
Total Puts2,037 97.25%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %30.49% 58.88%
Total Invested$12.75B 68.31%
Investors Holding721 616.00%

ESG Score

No data

About Idexx Laboratories, Inc.

CEO: Jonathan Jay Mazelsky