financial statements

The full income statement, balance sheet, and cash-flow statement for IDEXX Laboratories Inc. (IDXX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

See the live IDXX chart & snapshot →

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	4.30B YoY+10.4%	3.90B YoY+6.5%	3.66B YoY+8.7%	3.37B YoY+4.7%	3.22B YoY+18.8%
	2.66B YoY+11.8%	2.38B YoY+8.6%	2.19B YoY+9.3%	2.00B YoY+6.1%	1.89B YoY+20.3%
Cost of revenue	1.64B YoY+8.3%	1.52B YoY+3.2%	1.47B YoY+7.9%	1.36B YoY+2.8%	1.33B YoY+16.8%
	1.30B YoY+3.9%	1.25B YoY+14.4%	1.09B YoY-1.2%	1.11B	—
Research & development	251M YoY+14.3%	220M YoY+15.1%	191M YoY-25.1%	255M YoY+58.3%	161M YoY+14.0%
Selling, general & administrative	405M YoY-8.5%	442M YoY+31.7%	336M YoY+2.9%	326M YoY+5.4%	310M YoY+2.9%
General & administrative	405M YoY-8.5%	442M YoY+31.7%	336M YoY+2.9%	326M YoY+5.4%	310M YoY+2.9%
Selling & marketing	644M YoY+9.4%	589M YoY+4.0%	566M YoY+7.9%	525M YoY+7.8%	487M YoY+12.0%
Amortization of intangibles	20.2M YoY+18.1%	17.1M YoY+23.9%	13.8M YoY-8.0%	15.0M YoY+24.0%	12.1M YoY+23.5%
Provision for credit losses	8.43M YoY+22.7%	6.87M YoY+23.7%	5.55M YoY-4.8%	5.83M YoY+292.8%	1.48M YoY-70.0%
Operating income	1.36B YoY+20.5%	1.13B YoY+2.8%	1.10B YoY+22.1%	899M YoY-3.6%	932M YoY+34.2%
Interest expense	38.9M YoY+24.5%	31.2M YoY-25.0%	41.6M YoY+4.3%	39.9M YoY+33.7%	29.8M YoY-10.0%
Pre-tax income	1.32B YoY+19.3%	1.11B YoY+4.6%	1.06B YoY+23.4%	860M YoY-4.7%	903M YoY+36.4%
Income tax	265M YoY+19.3%	222M YoY+2.7%	216M YoY+19.5%	181M YoY+14.6%	158M YoY+97.6%
	1.06B YoY+19.3%	888M YoY+5.1%	845M YoY+24.4%	679M YoY-8.8%	745M YoY+28.0%
Net income to non-controlling interest	—	—	0.00	0.00 YoY+100.0%	-1.00K YoY-100.3%
	$13.08 YoY+22.6%	$10.67 YoY+6.1%	$10.06 YoY+25.3%	$8.03 YoY-6.6%	$8.60 YoY+28.2%
EPS (basic)	$13.17 YoY+22.3%	$10.77 YoY+5.9%	$10.17 YoY+25.2%	$8.12 YoY-7.1%	$8.74 YoY+28.2%
Weighted-avg shares (basic)	80.4M YoY-2.5%	82.5M YoY-0.7%	83.1M YoY-0.7%	83.6M YoY-1.9%	85.2M YoY-0.2%
Weighted-avg shares (diluted)	81.0M YoY-2.7%	83.2M YoY-0.9%	84.0M YoY-0.7%	84.6M YoY-2.3%	86.6M YoY-0.2%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.41B YoY+1.0%	1.40B YoY-6.4%	1.50B YoY+35.7%	1.10B YoY+15.3%	956M YoY-10.1%
Cash & equivalents	180M YoY-37.5%	288M YoY-36.5%	454M YoY+303.3%	113M YoY-22.1%	144M YoY-62.4%
Accounts receivable	552M YoY+16.6%	474M YoY+3.5%	457M YoY+14.2%	401M YoY+8.8%	368M YoY+11.1%
Inventory	378M YoY-1.1%	382M YoY+0.4%	380M YoY+3.4%	368M YoY+36.7%	269M YoY+28.2%
Prepaid expenses	57.9M YoY-1.2%	58.6M YoY+21.2%	48.4M YoY+15.9%	41.7M YoY-0.6%	42.0M YoY+21.5%
Other current assets	304M YoY+18.5%	256M YoY+25.8%	204M YoY-7.7%	220M YoY+26.8%	174M YoY+26.4%
	3.35B YoY+1.7%	3.29B YoY+1.0%	3.26B YoY+18.7%	2.75B YoY+12.7%	2.44B YoY+6.2%
Property, plant & equipment	747M YoY+4.8%	713M YoY+1.6%	702M YoY+8.1%	649M YoY+10.5%	588M YoY+5.9%
Operating lease right-of-use	123M YoY+6.1%	116M YoY+0.5%	115M YoY-2.6%	119M YoY+12.9%	105M YoY+15.3%
Goodwill	414M YoY+2.2%	405M YoY+10.7%	366M YoY+1.2%	362M YoY+0.7%	359M YoY+47.7%
Intangible assets	110M YoY-1.6%	112M YoY+32.2%	84.5M YoY-13.5%	97.7M YoY-1.4%	99.0M YoY+88.5%
Deferred tax assets	27.9M YoY-77.8%	126M YoY+17.0%	107M YoY+94.4%	55.2M YoY+122.8%	24.8M YoY-21.4%
Other non-current assets	542M YoY-0.9%	548M YoY+10.3%	497M YoY+18.9%	418M YoY+26.4%	330M YoY+14.1%
Total non-current assets	1.94B YoY+2.3%	1.89B YoY+7.3%	1.76B YoY+7.3%	1.65B YoY+11.1%	1.48B YoY+20.3%
	1.15B YoY+7.6%	1.07B YoY+12.2%	952M YoY-23.0%	1.24B YoY+61.8%	764M YoY+31.0%
Accounts payable	110M YoY-3.3%	114M YoY+3.2%	111M YoY+0.4%	110M YoY-5.1%	116M YoY+55.8%
Accrued liabilities	530M YoY+5.6%	502M YoY+4.9%	479M YoY+10.4%	434M YoY-5.5%	459M YoY+10.4%
Deferred revenue	35.3M YoY+4.3%	33.8M YoY-9.1%	37.2M YoY-2.0%	37.9M YoY-5.2%	40.0M YoY-6.0%
Short-term & current debt	75.0M YoY-55.3%	168M YoY+123.7%	75.0M YoY+0.0%	75.0M YoY-0.0%	75.0M YoY+50.0%
Current lease liability	27.1M YoY+25.7%	21.5M YoY+8.8%	19.8M YoY-3.1%	20.4M YoY+2.5%	19.9M YoY+12.4%
	1.75B YoY+2.8%	1.70B YoY-4.4%	1.78B YoY-17.0%	2.14B YoY+22.4%	1.75B YoY+5.1%
Long-term debt	375M YoY-16.7%	450M YoY-27.8%	623M YoY-10.3%	694M YoY-10.4%	775M YoY-9.7%
Deferred revenue (non-current)	32.2M YoY+19.4%	26.9M YoY-5.6%	28.5M YoY-7.5%	30.9M YoY-25.0%	41.2M YoY-10.8%
Non-current lease liability	101M YoY+3.4%	97.8M YoY-1.8%	99.7M YoY-1.5%	101M YoY+15.9%	87.4M YoY+13.4%
Deferred tax liabilities	31.9M YoY+181.7%	11.3M YoY+56.4%	7.24M YoY-11.2%	8.15M YoY-8.8%	8.94M YoY-23.7%
Other non-current liabilities	56.5M YoY+27.5%	44.3M YoY-32.3%	65.5M YoY-3.0%	67.6M YoY-4.7%	70.9M YoY-17.1%
Total non-current liabilities	597M YoY-5.3%	630M YoY-23.5%	824M YoY-8.7%	902M YoY-8.3%	984M YoY-8.8%
	1.61B YoY+0.6%	1.60B YoY+7.5%	1.48B YoY+143.9%	609M YoY-11.8%	690M YoY+9.2%
Common stock	10.8M YoY+0.5%	10.8M YoY+0.3%	10.8M YoY+0.3%	10.7M YoY+0.3%	10.7M YoY+0.4%
Additional paid-in capital	1.83B YoY+9.1%	1.67B YoY+6.6%	1.57B YoY+7.3%	1.46B YoY+6.2%	1.38B YoY+6.4%
Retained earnings	6.39B YoY+19.9%	5.33B YoY+20.0%	4.44B YoY+23.5%	3.60B YoY+23.3%	2.92B YoY+34.2%
Treasury stock	6.56B YoY+23.0%	5.33B YoY+19.2%	4.47B YoY+1.9%	4.39B YoY+23.0%	3.57B YoY+27.5%
Accumulated other comprehensive income	-68.8M YoY+26.5%	-93.6M YoY-31.5%	-71.2M YoY+8.5%	-77.8M YoY-45.5%	-53.5M YoY+0.2%
Non-controlling interest	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Total equity incl. non-controlling	1.48B YoY+0.0%	1.48B YoY+0.0%	1.48B YoY+143.9%	609M YoY-11.8%	690M YoY+9.0%
Total liabilities & equity	3.35B YoY+1.7%	3.29B YoY+1.0%	3.26B YoY+18.7%	2.75B YoY+12.7%	2.44B YoY+6.2%
Common shares issued	108M YoY+0.5%	108M YoY+0.3%	108M YoY+0.3%	107M YoY+0.3%	107M YoY+0.4%
Common shares outstanding	79.7M YoY-2.3%	81.6M YoY-1.7%	83.0M YoY+0.2%	82.9M YoY-2.0%	84.6M YoY-1.0%
Shares outstanding (cover)	79.9M YoY-2.5%	81.9M YoY-1.4%	83.1M YoY+0.3%	82.8M YoY-2.3%	84.8M YoY-0.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.18B YoY+27.2%	929M YoY+2.5%	907M YoY+66.9%	543M YoY-28.1%	756M YoY+16.6%
Depreciation & amortization	145M YoY+11.7%	130M YoY+13.1%	115M YoY+2.7%	112M YoY+7.0%	105M YoY+9.0%
Share-based compensation	60.0M YoY-0.5%	60.3M YoY+0.9%	59.7M YoY+20.0%	49.8M YoY+31.8%	37.8M YoY+22.0%
Deferred income taxes	131M YoY+642.3%	-24.2M YoY+49.9%	-48.3M YoY-38.5%	-34.9M YoY-915.2%	-3.44M YoY+90.6%
Change in receivables	68.7M YoY+143.0%	28.3M YoY-47.5%	53.9M YoY+30.1%	41.4M YoY+24.9%	33.1M YoY-45.4%
Change in inventory	789K YoY-97.2%	28.0M YoY-2.3%	28.7M YoY-76.5%	122M YoY+130.0%	52.9M YoY+180.2%
Change in payables	-8.57M YoY-206.0%	8.09M YoY+1551.7%	-557K YoY-116.1%	3.47M	—
Other operating activities	5.03M YoY+242.4%	1.47M YoY-26.7%	2.00M YoY-24.2%	2.65M YoY+1.0%	2.62M YoY+89.9%
	-136M YoY+34.2%	-207M YoY-65.3%	-125M YoY+35.9%	-195M YoY+33.3%	-293M YoY-167.9%
Capital expenditure	125M YoY+3.1%	121M YoY-9.5%	134M YoY-10.2%	149M YoY+24.5%	120M YoY+11.8%
Acquisitions	0.00 YoY-100.0%	76.7M	0.00 YoY-100.0%	11.5M YoY-93.4%	173M YoY+11461.2%
	-1.16B YoY-32.7%	-878M YoY-98.7%	-442M YoY-19.2%	-371M YoY+46.8%	-697M YoY-180.7%
Common stock repurchased	1.22B YoY+45.4%	837M YoY+1063.8%	71.9M YoY-91.2%	820M YoY+9.8%	747M YoY+308.5%
FX effect on cash	11.2M YoY+217.5%	-9.53M YoY-548.4%	2.13M YoY+124.7%	-8.61M YoY-85.5%	-4.64M YoY-239.3%
Net change in cash	-108M YoY+34.7%	-166M YoY-148.5%	341M YoY+1169.9%	-31.9M YoY+86.7%	-239M YoY-181.6%
Interest paid	37.7M YoY+11.5%	33.8M YoY-17.6%	41.0M YoY+1.7%	40.3M YoY+32.1%	30.5M YoY-5.9%
Income taxes paid	167M YoY-45.5%	307M YoY+59.6%	193M YoY-19.7%	240M YoY+48.3%	162M YoY+46.1%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	54.0B YoY+59.6%	33.9B YoY-26.6%	46.1B YoY+36.4%	33.8B YoY-39.5%	55.8B YoY+30.9%
P/E	51.0× YoY+33.7%	38.1× YoY-31.9%	56.0× YoY+10.4%	50.7× YoY-32.3%	75.0× YoY+2.3%
P/S	12.6× YoY+44.5%	8.7× YoY-32.4%	12.8× YoY+26.3%	10.2× YoY-41.4%	17.4× YoY+10.2%
P/B	33.7× YoY+58.6%	21.2× YoY-40.2%	35.5× YoY-50.2%	71.4× YoY-11.8%	80.9× YoY+20.0%
P/FCF	51.1× YoY+22.0%	41.9× YoY-38.2%	67.8× YoY-10.6%	75.8× YoY-13.7%	87.8× YoY+11.4%
Earnings yield	2.0% YoY-25.2%	2.6% YoY+46.9%	1.8% YoY-9.4%	2.0% YoY+47.8%	1.3% YoY-2.2%
FCF yield	2.0% YoY-18.0%	2.4% YoY+61.8%	1.5% YoY+11.8%	1.3% YoY+15.8%	1.1% YoY-10.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: IDXX's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all IDXX filings on SEC EDGAR → Not investment advice.

IDXX▼ financial statements

About this data

financial statements