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IDXX
IDEXX Laboratories, Inc.
+519%
+20.0% per year

Past performance does not guarantee future results. The data presented is indicative and may not be updated in real-time.

Country US
Exchange NASDAQ
Industry Medical - Diagnostics & Research
Sector Healthcare
Market Cap $35.14B
CEO Mr. Jonathan J. Mazelsky

IDEXX Laboratories, Inc. is a company that creates and sells products to help take care of animals and keep our water safe. They provide tools for veterinarians to test pets' health, like quick test kits and lab services. They also make products to check the health of farm animals and test water for harmful germs. Overall, IDEXX helps ensure that animals stay healthy and that our water is clean.

Streams of revenue

Product: 58%
Service: 42%

Geographic Distribution

UNITED STATES: 65%
EMEA: 20%
Asia Pacific: 8%
CANADA: 4%
Latin America: 2%

Core Products

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SNAP Tests Rapid tests
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Water Testing Water quality tests
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VetLab Station Lab diagnostics
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Cornerstone Software Practice management
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Livestock Diagnostics Animal health tests

Business Type

B2B Business to Business

Competitive Advantages

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High Switching Costs The integration of IDEXX's products into veterinary practices creates high switching costs for customers, making them less likely to change suppliers.
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Strong Brand Recognition IDEXX has established a strong brand presence in the veterinary and diagnostics markets, leading to customer loyalty and trust.
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Robust Distribution Network IDEXX's extensive distribution channels ensure efficient product reach and customer service, enhancing overall market penetration.
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Innovative Product Portfolio The company offers a wide range of advanced diagnostic products and services, enabling it to stay ahead of competitors through continuous innovation.
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Regulatory Compliance Expertise IDEXX's deep understanding of regulatory requirements in diagnostics gives it an edge in maintaining compliance and trust in its products.

Key Business Risks

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Economic Downturn Economic challenges may reduce spending on veterinary services and diagnostics, impacting revenue.
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Market Competition Intense competition in the veterinary diagnostics and healthcare sectors may pressure pricing and market share.
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Regulatory Compliance Changes in regulations or compliance requirements can impact product approval and market access.
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Supply Chain Disruptions Dependence on suppliers for raw materials could lead to production delays and increased costs due to disruptions.
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Technological Advancements Rapid technological changes may require continuous investment in R&D to stay competitive and relevant.

Meeting Expectations

10 /10

Higher values indicate better execution and credibility

Recent Results

Beat earnings 2025-02-03
Beat earnings 2024-10-31
Beat earnings 2024-08-06
Beat earnings 2024-05-01
Beat earnings 2024-02-05
Beat earnings 2023-11-01
Beat earnings 2023-08-01
Beat earnings 2023-05-02
Beat earnings 2023-02-06
Beat earnings 2022-11-01

Takeaways

IDEXX Laboratories exhibits strong market positioning with a diverse product portfolio and established competitive advantages, particularly in veterinary diagnostics. Its robust financial health and consistent growth prospects in the healthcare sector further enhance its attractiveness.

Historical data shows an impressive CAGR compared with the USA stock market average, reflecting a strong market position.

Yearly Return 10Y annualized return is excellent at 20.0% per year
Earnings Expectations IDXX has met or exceeded earnings expectations in all recent quarters (10/10)

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