IDEXX Laboratories Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.30B | $3.90B | $3.66B | $3.39B | $3.22B | $2.71B | $2.41B | $2.21B |
| Companion Animal Group | — | — | $3.36B | $3.08B | $2.90B | $2.39B | $2.12B | $1.92B |
| Water | — | — | $171.7M | $157.2M | $141.6M | $127.8M | $127.9M | $120.3M |
| Livestock Poultry and Dairy | — | — | $109.1M | $122.2M | $144.3M | $136.4M | $130.6M | $131.5M |
| Other | — | — | $16.7M | $24.1M | $32.1M | $54.2M | $28.8M | $39.3M |
| Cost of Revenue | $1.64B | $1.52B | $1.47B | $1.36B | $1.33B | $1.14B | $1.04B | $971.7M |
| Gross Profit | $2.66B | $2.38B | $2.19B | $2.00B | $1.89B | $1.57B | $1.37B | $1.24B |
| Gross Margin | 61.8% | 61.0% | 59.8% | 59.2% | 58.8% | 58.0% | 56.7% | 56.1% |
| Operating Expenses | ||||||||
| Research & Development | $251.2M | $219.8M | $191.0M | $254.8M | $161.0M | $141.2M | $133.2M | $117.9M |
| SG&A Expense | $404.8M | $442.3M | $335.8M | $326.2M | $309.7M | $300.8M | $261.3M | $244.9M |
| Operating Income | $1.36B | $1.13B | $1.10B | $898.8M | $932.0M | $694.5M | $552.8M | $491.3M |
| Operating Margin | 31.6% | 29.0% | 30.0% | 26.5% | 29.0% | 25.7% | 23.0% | 22.2% |
| Interest Expense | — | — | $41.6M | $39.9M | $29.8M | $33.1M | $31.1M | $34.7M |
| Pretax Income | $1.32B | $1.11B | $1.06B | $860.0M | $902.7M | $662.0M | $522.2M | $457.7M |
| Income Tax Expense | $264.7M | $222.0M | $216.1M | $180.9M | $157.8M | $79.9M | $94.4M | $80.7M |
| Net Income | $1.06B | $887.9M | $845.0M | $679.1M | $744.8M | $581.8M | $427.7M | $377.0M |
| Net Margin | 24.6% | 22.8% | 23.1% | 20.0% | 23.2% | 21.5% | 17.8% | 17.0% |
| EPS (Basic) | $13.17 | $10.77 | $10.17 | $8.12 | $8.74 | $6.82 | $4.97 | $4.34 |
| EPS (Diluted) | $13.08 | $10.67 | $10.06 | $8.03 | $8.60 | $6.71 | $4.89 | $4.26 |
| Shares Outstanding (Basic) | 80.4M | 82.5M | 83.1M | 83.6M | 85.2M | 85.3M | 86.1M | 86.9M |
| Shares Outstanding (Diluted) | 81.0M | 83.2M | 84.0M | 84.6M | 86.6M | 86.7M | 87.5M | 88.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |