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Idexx Laboratories IDXX Q2 2025 earnings

Reported August 4, 2025 · Before market open

Revenue estimate$1.1B
EPS estimate$3.28

Next report

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

Financials

Q2 2025

Income statement

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Revenue$1.1B+10.6%
Gross profit$694.7M+12.2%
Operating income$373.0M+41.4%
Net income$294.0M+44.6%
EPS (diluted)$3.63+48.8%

Balance sheet

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Cash & equivalents$164.6M-59.0%
Total debt$658.3M-19.5%
Total equity$1.5B-7.7%
Total assets$3.3B-2.5%

Cash flow

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Operating cash flow$185.7M-25.2%
CapEx$34.1M+2.4%
Free cash flow$151.6M-29.5%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$42.66B+5.4%
Enterprise value$43.16B+5.5%
P/E43.3×-4.6×
P/S10.6×-0.1×

Profitability

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Gross margin61.5%+1.1pp
Operating margin31.1%+2.5pp
Net margin24.4%+2.1pp
FCF margin19.4%-2.7pp

Returns & leverage

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Return on equity64.9%+1.6pp
Debt / equity0.5×-0.1×
Current ratio1.1×-0.3×

Segments

By product

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IDEXX VetLab consumables$375.1M+15.3%
Reference laboratory diagnostic and consulting services$367.7M+5.8%
Rapid assay products$100.2M-3.0%
Recurring revenue$69.0M+9.2%
CAG Diagnostics capital - instruments$58.6M+66.0%

By segment

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Water segment revenue$51.0M+9.1%
LPD$31.8M+4.8%

Versus estimates

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Questions, answered.

When did Idexx Laboratories report Q2 2025 earnings?
Idexx Laboratories (IDXX) reported Q2 2025 earnings on August 4, 2025 before market open.
What were Idexx Laboratories's Q2 2025 revenue and EPS?
Idexx Laboratories reported revenue of $1.1B and diluted EPS of $3.63 for Q2 2025.
Did Idexx Laboratories beat estimates in Q2 2025?
Revenue beat the consensus estimate of $1.1B by $47.1M. EPS beat the consensus estimate of $3.28 by $0.35.
How did Idexx Laboratories's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.6% from $1.0B a year earlier and diluted EPS grew 20.2% from $3.02.
Where can I find Idexx Laboratories's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000874716-25-000121) directly on SEC EDGAR. The filing index links above go to sec.gov.