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Idexx Laboratories IDXX Q1 2025 earnings

Reported May 1, 2025 · Before market open

Revenue estimate$997.1M
EPS estimate$2.85

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$1.2B
EPS estimate$3.95

Financials

Q1 2025

Income statement

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Revenue$998.4M+3.6%
Gross profit$623.4M+5.1%
Operating income$316.5M+5.9%
Net income$242.7M+3.0%
EPS (diluted)$2.96+5.3%

Balance sheet

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Cash & equivalents$164.0M-58.7%
Total debt$739.9M-9.7%
Total equity$1.4B-7.7%
Total assets$3.2B-4.2%

Cash flow

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Operating cash flow$238.0M+19.8%
CapEx$30.0M-0.8%
Free cash flow$207.9M+23.5%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$34.03B-24.1%
Enterprise value$34.61B-23.6%
P/E38×-13.7×
P/S8.7×-3.4×

Profitability

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Gross margin61.3%+1.1pp
Operating margin29.1%-0.8pp
Net margin22.8%-0.5pp
FCF margin21.6%+0.2pp

Returns & leverage

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Return on equity59.3%-12.6pp
Debt / equity0.5×0.0×
Current ratio1.2×-0.4×

Segments

By geography

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United States$654.9M
Germany$51.7M
United Kingdom$38.6M
Canada$37.3M
France$31.5M

By product

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IDEXX VetLab consumables$344.8M+8.8%
Reference laboratory diagnostic and consulting services$344.4M0.0%
Rapid assay products$84.0M-2.6%
Recurring revenue$65.8M+10.2%
CAG Diagnostics services and accessories$33.0M+1.5%

By segment

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CAG$919.8M
Water segment revenue$45.3M+5.2%
LPD$28.6M+1.4%

Versus estimates

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Questions, answered.

When did Idexx Laboratories report Q1 2025 earnings?
Idexx Laboratories (IDXX) reported Q1 2025 earnings on May 1, 2025 before market open.
What were Idexx Laboratories's Q1 2025 revenue and EPS?
Idexx Laboratories reported revenue of $998.4M and diluted EPS of $2.96 for Q1 2025.
Did Idexx Laboratories beat estimates in Q1 2025?
Revenue beat the consensus estimate of $997.1M by $1.3M. EPS beat the consensus estimate of $2.85 by $0.11.
How did Idexx Laboratories's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.6% from $964.1M a year earlier and diluted EPS grew 5.3% from $2.81.
Where can I find Idexx Laboratories's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000874716-25-000062) directly on SEC EDGAR. The filing index links above go to sec.gov.