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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.36
IDXX's Cash to Debt is ranked higher than
55% of the 255 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.73 vs. IDXX: 0.36 )
IDXX' s 10-Year Cash to Debt Range
Min: 0.36   Max: 240.89
Current: 0.36

0.36
240.89
Equity to Asset 0.09
IDXX's Equity to Asset is ranked lower than
51% of the 242 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.62 vs. IDXX: 0.09 )
IDXX' s 10-Year Equity to Asset Range
Min: 0.09   Max: 0.89
Current: 0.09

0.09
0.89
Interest Coverage 16.87
IDXX's Interest Coverage is ranked higher than
59% of the 143 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 257.77 vs. IDXX: 16.87 )
IDXX' s 10-Year Interest Coverage Range
Min: 16.87   Max: 9999.99
Current: 16.87

16.87
9999.99
F-Score: 5
Z-Score: 6.76
M-Score: -2.93
WACC vs ROIC
6.72%
28.35%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 17.52
IDXX's Operating margin (%) is ranked higher than
95% of the 249 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.55 vs. IDXX: 17.52 )
IDXX' s 10-Year Operating margin (%) Range
Min: -1.67   Max: 20.3
Current: 17.52

-1.67
20.3
Net-margin (%) 12.24
IDXX's Net-margin (%) is ranked higher than
94% of the 249 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.38 vs. IDXX: 12.24 )
IDXX' s 10-Year Net-margin (%) Range
Min: -8.02   Max: 14.26
Current: 12.24

-8.02
14.26
ROE (%) 49.70
IDXX's ROE (%) is ranked higher than
99% of the 233 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 3.03 vs. IDXX: 49.70 )
IDXX' s 10-Year ROE (%) Range
Min: -6.75   Max: 57.23
Current: 49.7

-6.75
57.23
ROA (%) 14.10
IDXX's ROA (%) is ranked higher than
97% of the 257 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -0.48 vs. IDXX: 14.10 )
IDXX' s 10-Year ROA (%) Range
Min: -5.62   Max: 17.84
Current: 14.1

-5.62
17.84
ROC (Joel Greenblatt) (%) 56.22
IDXX's ROC (Joel Greenblatt) (%) is ranked higher than
92% of the 256 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 3.08 vs. IDXX: 56.22 )
IDXX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -2.93   Max: 96.66
Current: 56.22

-2.93
96.66
Revenue Growth (3Y)(%) 11.80
IDXX's Revenue Growth (3Y)(%) is ranked higher than
89% of the 190 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 5.40 vs. IDXX: 11.80 )
IDXX' s 10-Year Revenue Growth (3Y)(%) Range
Min: 8.4   Max: 23.1
Current: 11.8

8.4
23.1
EBITDA Growth (3Y)(%) 8.70
IDXX's EBITDA Growth (3Y)(%) is ranked higher than
79% of the 179 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 5.50 vs. IDXX: 8.70 )
IDXX' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 2.4   Max: 98.1
Current: 8.7

2.4
98.1
EPS Growth (3Y)(%) 8.80
IDXX's EPS Growth (3Y)(%) is ranked higher than
79% of the 168 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.60 vs. IDXX: 8.80 )
IDXX' s 10-Year EPS Growth (3Y)(%) Range
Min: -0.8   Max: 26.4
Current: 8.8

-0.8
26.4
» IDXX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

IDXX Guru Trades in Q2 2014

RS Investment Management 168,010 sh (New)
Paul Tudor Jones 1,600 sh (New)
Jim Simons 151,400 sh (+157.05%)
Chris Davis 185,256 sh (+3.16%)
Chuck Royce 1,203,911 sh (unchged)
Ray Dalio Sold Out
Joel Greenblatt Sold Out
Jean-Marie Eveillard Sold Out
Ruane Cunniff 5,238,390 sh (-0.27%)
Ron Baron 3,692,912 sh (-0.99%)
Jeremy Grantham 25,600 sh (-4.12%)
Bill Frels 2,999 sh (-40.01%)
» More
Q3 2014

IDXX Guru Trades in Q3 2014

Joel Greenblatt 155,323 sh (New)
Ray Dalio 7,113 sh (New)
Paul Tudor Jones 10,541 sh (+558.81%)
Jeremy Grantham 50,406 sh (+96.90%)
Jim Simons 292,052 sh (+92.90%)
Chris Davis 323,495 sh (+74.62%)
RS Investment Management 192,520 sh (+14.59%)
Bill Frels 3,199 sh (+6.67%)
Ron Baron 3,670,909 sh (-0.60%)
Ruane Cunniff 5,197,081 sh (-0.79%)
Chuck Royce 1,147,031 sh (-4.72%)
» More
Q4 2014

IDXX Guru Trades in Q4 2014

John Hussman 36,300 sh (New)
Jim Simons 318,752 sh (+9.14%)
Chris Davis 351,787 sh (+8.75%)
RS Investment Management 201,600 sh (+4.72%)
Ruane Cunniff 4,448,407 sh (unchged)
Ruane Cunniff 4,639,121 sh (unchged)
Ruane Cunniff 4,639,121 sh (unchged)
Ray Dalio Sold Out
Joel Greenblatt Sold Out
Ron Baron 3,623,004 sh (-1.30%)
Chuck Royce 994,811 sh (-13.27%)
Ruane Cunniff 4,448,407 sh (-14.41%)
Jeremy Grantham 41,800 sh (-17.07%)
Bill Frels 2,199 sh (-31.26%)
Paul Tudor Jones 2,200 sh (-79.13%)
» More
2015

IDXX Guru Trades in 2015

Ron Baron 3,623,004 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with IDXX

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)



No Guru Trades Found!
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Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on IDEXX Laboratories Inc

Baron Funds Comments on IDEXX Laboratories Inc - Mar 23, 2015

Shares of IDEXX Laboratories, Inc. (IDXX), a leader in veterinary diagnostics, rose in the fourth quarter on better-than-expected earnings and progress on moving to a direct distribution model in the U.S. IDEXX’s fundamentals continue to improve, with organic growth in its core business reaching 12% in the most recently reported quarter. We believe organic revenue growth at current levels is sustainable due to recent innovations in IDEXX’s portfolio of diagnostic products, instruments, data management tools, and geographic expansion. (Rebecca Ellin)

From Ron Baron (Trades, Portfolio)'s Baron Partners Fund Fourth Quarter 2014 Commentary.

Check out Ron Baron latest stock trades

Baron Funds Comments on IDEXX Laboratories - May 02, 2014

Shares of IDEXX Laboratories, Inc. (IDXX), a leader in veterinary diagnostics, rose on evidence of improving organic growth and excitement around its launch of CatalystOne, a new diagnostic platform. During its most recent quarter, IDEXX's organic revenue growth improved from mid-single digits to 11%, helped by strong instrument sales and accelerating volumes for the associated consumables. We believe that recent innovations in its diagnostic products, data management capabilities, and its go-to-market strategy have positioned IDEXX to continue recent market share gains and to significantly accelerate its revenue growth.



From Baron Funds' first quarter 2014 commentary.





Check out Ron Baron latest stock trades

Top Ranked Articles about IDEXX Laboratories Inc

Baron Funds Comments on IDEXX Laboratories Inc
Shares of IDEXX Laboratories, Inc. (IDXX), a leader in veterinary diagnostics, rose in the fourth quarter on better-than-expected earnings and progress on moving to a direct distribution model in the U.S. IDEXX’s fundamentals continue to improve, with organic growth in its core business reaching 12% in the most recently reported quarter. We believe organic revenue growth at current levels is sustainable due to recent innovations in IDEXX’s portfolio of diagnostic products, instruments, data management tools, and geographic expansion. (Rebecca Ellin) Read more...
Ruane Cunniff Sells Portions of Five of its Top 10 Stakes
In contrast to its activity in the third quarter, when nearly half of its transactions involved buying stocks in companies that were new to its portfolio, the majority of Ruane Cunniff (Trades, Portfolio)’s fourth-quarter activity involved selling – including portions of five of its 10 largest existing stakes. Read more...
Baron Funds Comments on IDEXX Laboratories
Shares of IDEXX Laboratories, Inc. (IDXX), a leader in veterinary diagnostics, rose on evidence of improving organic growth and excitement around its launch of CatalystOne, a new diagnostic platform. During its most recent quarter, IDEXX's organic revenue growth improved from mid-single digits to 11%, helped by strong instrument sales and accelerating volumes for the associated consumables. We believe that recent innovations in its diagnostic products, data management capabilities, and its go-to-market strategy have positioned IDEXX to continue recent market share gains and to significantly accelerate its revenue growth. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 42.80
IDXX's P/E(ttm) is ranked higher than
83% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 42.80 )
IDXX' s 10-Year P/E(ttm) Range
Min: 15.21   Max: 46.98
Current: 42.8

15.21
46.98
Forward P/E 31.25
IDXX's Forward P/E is ranked higher than
85% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 31.25 )
N/A
PE(NRI) 43.00
IDXX's PE(NRI) is ranked higher than
83% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 43.00 )
IDXX' s 10-Year PE(NRI) Range
Min: 15.18   Max: 46.93
Current: 43

15.18
46.93
P/B 61.70
IDXX's P/B is ranked lower than
51% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 4.82 vs. IDXX: 61.70 )
IDXX' s 10-Year P/B Range
Min: 3.73   Max: 67.91
Current: 61.7

3.73
67.91
P/S 5.20
IDXX's P/S is ranked higher than
66% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 4.63 vs. IDXX: 5.20 )
IDXX' s 10-Year P/S Range
Min: 1.75   Max: 5.7
Current: 5.2

1.75
5.7
PFCF 44.30
IDXX's PFCF is ranked higher than
82% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 44.30 )
IDXX' s 10-Year PFCF Range
Min: 12.97   Max: 240
Current: 44.3

12.97
240
POCF 33.08
IDXX's POCF is ranked higher than
79% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 431.57 vs. IDXX: 33.08 )
IDXX' s 10-Year POCF Range
Min: 11.37   Max: 36.08
Current: 33.08

11.37
36.08
EV-to-EBIT 29.95
IDXX's EV-to-EBIT is ranked higher than
81% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 29.95 )
IDXX' s 10-Year EV-to-EBIT Range
Min: 10.7   Max: 33.3
Current: 29.95

10.7
33.3
PEG 3.71
IDXX's PEG is ranked higher than
90% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 3.71 )
IDXX' s 10-Year PEG Range
Min: 0.77   Max: 3.84
Current: 3.71

0.77
3.84
Shiller P/E 50.80
IDXX's Shiller P/E is ranked higher than
86% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 50.80 )
IDXX' s 10-Year Shiller P/E Range
Min: 20.68   Max: 61.56
Current: 50.8

20.68
61.56
Current Ratio 0.93
IDXX's Current Ratio is ranked higher than
50% of the 254 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.64 vs. IDXX: 0.93 )
IDXX' s 10-Year Current Ratio Range
Min: 0.93   Max: 7.84
Current: 0.93

0.93
7.84
Quick Ratio 0.73
IDXX's Quick Ratio is ranked higher than
50% of the 254 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.21 vs. IDXX: 0.73 )
IDXX' s 10-Year Quick Ratio Range
Min: 0.73   Max: 7
Current: 0.73

0.73
7
Days Inventory 80.26
IDXX's Days Inventory is ranked higher than
78% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 131.99 vs. IDXX: 80.26 )
IDXX' s 10-Year Days Inventory Range
Min: 77.45   Max: 165.44
Current: 80.26

77.45
165.44
Days Sales Outstanding 37.43
IDXX's Days Sales Outstanding is ranked higher than
90% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 74.31 vs. IDXX: 37.43 )
IDXX' s 10-Year Days Sales Outstanding Range
Min: 37.43   Max: 91.54
Current: 37.43

37.43
91.54

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 3.20
IDXX's Price/DCF (Projected) is ranked higher than
84% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 3.20 )
IDXX' s 10-Year Price/DCF (Projected) Range
Min: 1.74   Max: 3.11
Current: 3.2

1.74
3.11
Price/Median PS Value 1.40
IDXX's Price/Median PS Value is ranked higher than
67% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.30 vs. IDXX: 1.40 )
IDXX' s 10-Year Price/Median PS Value Range
Min: 0.47   Max: 2.27
Current: 1.4

0.47
2.27
Price/Peter Lynch Fair Value 3.50
IDXX's Price/Peter Lynch Fair Value is ranked higher than
91% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 3.50 )
IDXX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.99   Max: 3.41
Current: 3.5

0.99
3.41
Earnings Yield (Greenblatt) 3.40
IDXX's Earnings Yield (Greenblatt) is ranked higher than
80% of the 256 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.10 vs. IDXX: 3.40 )
IDXX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3   Max: 9.4
Current: 3.4

3
9.4
Forward Rate of Return (Yacktman) 14.13
IDXX's Forward Rate of Return (Yacktman) is ranked higher than
80% of the 109 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 10.73 vs. IDXX: 14.13 )
IDXX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 14   Max: 22.6
Current: 14.13

14
22.6

Business Description

Industry: Medical Diagnostics & Research » Diagnostics & Research
Compare:LH, ALR, DGX, LIFE, ENZ » details
Traded in other countries:IX1.Germany,
Idexx Laboratories, a Delaware corporation, was incorporated in 1983. The Company develops, manufactures and distributes products and provide services for the companion animal veterinary, livestock and poultry, water testing and dairy markets. The Company also sells a line of portable electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market. Its product and services includes: Point-of-care veterinary diagnostic products, comprising instruments and consumables, and rapid assays; Veterinary reference laboratory diagnostic and consulting services used by veterinarians; Practice management systems and services and digital radiography systems used by veterinarians; Biological materials testing and laboratory diagnostic instruments and services used by the biomedical research community; Diagnostic and health-monitoring products for livestock and poultry; Products that test water for certain microbiological contaminants; Products that test milk for antibiotic residues and other contaminants; and Point-of-care electrolytes and blood gas analyzers used in the human point-of-care medical diagnostics market. Its operations are segmented into three namely - CAG, Water, LPD, and Other. CAG develops, designs, manufactures, and distributes products and performs services for veterinarians and the bioresearch market, primarily related to diagnostics and information management. Water segment develops, designs, manufactures and distributes a range of products used in the detection of various microbiological parameters in water. LPD segment develops, designs, manufactures and distributes diagnostic tests and related instrumentation that are used to detect a wide range of diseases and to monitor health status in livestock and poultry, as well as products that ensure the quality and safety of milk and food. The other smaller operating segments are comprised of Dairy and OPTI Medical operating segments and a product line and out-licensing arrangements remaining from pharmaceutical business. Dairy segment develops, designs, manufactures and distributes products to detect contaminants in milk. OPTI Medical develops, designs, manufactures, and distributes point-of-care electrolyte and blood gas analyzers and related consumable products for the human medical diagnostics market. Further, OPTI Medical manufactures VetStat Electrolyte and Blood Gas Analyzer and electrolyte consumables used with its Catalyst Dx analyzer. The Company competes with many companies ranging from large human pharmaceutical and medical diagnostics companies to small businesses focused on animal health. Its companion animal veterinary diagnostic products and services compete with both reference laboratory service and in-clinic product providers. Its trademarks include: 4Dx, Catalyst Dx, Catalyst One, Coag Dx, Colilert, Colisure, Cornerstone, DVMAX, Enterolert, EquiView, EquiView PACS, Feline Triple, Filta-Max, Filta-Max xpress, IDEXX I-Vision CR, IDE
» More Articles for IDXX

Headlines

Articles On GuruFocus.com
Baron Funds Comments on IDEXX Laboratories Inc Mar 23 2015 
Ron Baron's Baron Partners Fund Fourth Quarter 2014 Commentary Mar 20 2015 
Baron Asset Fund Commentary on IDEX Corp Mar 19 2015 
Ruane Cunniff Sells Portions of Five of its Top 10 Stakes Mar 13 2015 
Baron Funds Comments on IDEXX Laboratories May 02 2014 
IDEXX Laboratories, Inc. - Value Alert May 23 2013 
Weekly Top Insider Sells Feb 11 2013 
Weekly CFO Sells Highlight: FB, FSL, IVZ, IDXX, PFMT, CTXS Feb 11 2013 
Baron Funds Comments on IDEXX Laboratories Feb 06 2013 
Baron Funds Comments on IDEXX Laboratories Aug 23 2012 

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