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Idexx Laboratories IDXX Return on invested capital

Return on invested capital at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
8.5%+0.5pp
Agilent Technologies logo
Agilent TechnologiesA
16.2%+0.7pp
Danaher logo
DanaherDHR
6%-0.1pp
Quest Diagnostics logo
Quest DiagnosticsDGX
9.2%+0.4pp
Labcorp Holdings logo
Labcorp HoldingsLH
9.8%+1.5pp
Abbott logo
AbbottABT
8.8%-5.1pp

Other financials

Income statement

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Revenue$1.1B+14.3%
Gross profit$722.7M+15.9%
Operating income$362.6M+14.5%
Net income$278.4M+14.7%
EPS (diluted)$3.47+17.2%

Balance sheet

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Cash & equivalents$200.5M+22.3%
Total debt$575.5M-22.2%
Total equity$1.6B+7.5%
Total assets$3.4B+5.4%

Cash flow

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Operating cash flow$266.2M+11.9%
CapEx$32.0M+6.5%
Free cash flow$234.3M+12.7%

Valuation

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Market cap$43.08B+31.1%
Enterprise value$43.45B+30.0%
P/E39.3×+2.6×
P/S9.7×+1.3×

Profitability

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Gross margin62.1%+0.8pp
Operating margin31.6%+2.5pp
Net margin24.6%+1.9pp

Returns & leverage

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Return on equity72.9%+13.6pp
Debt / equity0.4×-0.1×
Current ratio1.1×0.0×

Where this comes from

Calculated from Idexx Laboratories’s reported figures.

Based on trailing twelve months.

The official record: Idexx Laboratories’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Idexx Laboratories's return on invested capital?
Idexx Laboratories (IDXX) reported return on invested capital of 56.9% in Q1 2026.
How has Idexx Laboratories's return on invested capital changed year-over-year?
Idexx Laboratories's return on invested capital increased by 25.1% year-over-year, from 45.4% to 56.9%.
What is the long-term trend for Idexx Laboratories's return on invested capital?
Over 4 years (2021 to 2025), Idexx Laboratories's return on invested capital has grown at a -3.5% compound annual growth rate (CAGR), from 232.7% to 202%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.