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Idexx Laboratories IDXX Q4 2024 Annual earnings

Reported February 3, 2025 · Before market open

Revenue estimate$935.1M
EPS estimate$2.39

Next report

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

Financials

Q4 2024

Income statement

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Revenue$954.3M+5.8%
Gross profit$570.7M+8.5%
Operating income$261.7M+6.7%
Net income$216.1M+11.1%
EPS (diluted)$2.62+13.4%

Balance sheet

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Cash & equivalents$288.3M-36.5%
Total debt$736.9M-9.8%
Total equity$1.6B+7.5%
Total assets$3.3B+1.0%

Cash flow

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Operating cash flow$262.0M+4.9%
CapEx$29.3M-10.1%
Free cash flow$232.8M+7.1%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$33.85B-26.6%
Enterprise value$34.3B-26.2%
P/E38.1×-16.4×
P/S8.7×-3.9×

Profitability

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Gross margin61%+1.2pp
Operating margin29%-1.0pp
Net margin22.8%-0.3pp
FCF margin20.7%-0.4pp

Returns & leverage

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Return on equity57.7%-23.1pp
Debt / equity0.5×-0.1×
Current ratio1.3×-0.3×

Segments

By geography

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United States$604.0M
Germany$43.4M
Canada$38.3M
United Kingdom$33.7M
France$27.7M

By product

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IDEXX VetLab consumables$331.8M+11.6%
Reference laboratory diagnostic and consulting services$316.0M+3.6%
Rapid assay products$77.4M-0.2%
Recurring revenue$62.9M+15.3%
CAG Diagnostics capital - instruments$33.0M-13.5%

By segment

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CAG$870.5M+6.0%
Water segment revenue$45.2M+8.1%
LPD$34.6M+5.4%

Versus estimates

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Questions, answered.

When did Idexx Laboratories report Q4 2024 earnings?
Idexx Laboratories (IDXX) reported Q4 2024 earnings on February 3, 2025 before market open.
What were Idexx Laboratories's Q4 2024 revenue and EPS?
Idexx Laboratories reported revenue of $954.3M and diluted EPS of $2.62 for Q4 2024.
Did Idexx Laboratories beat estimates in Q4 2024?
Revenue beat the consensus estimate of $935.1M by $19.1M. EPS beat the consensus estimate of $2.39 by $0.23.
Where can I find Idexx Laboratories's Q4 2024 SEC filings?
You can read the 10-K periodic report (0000874716-25-000037) directly on SEC EDGAR. The filing index links above go to sec.gov.