IDEXX Laboratories, Inc. (IDXX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.14B | 1.09B | 1.11B | 1.11B | 998.43M | 954.29M | 975.54M | 1B | 964.1M | 901.6M | 915.53M | 943.63M | 900.2M | 828.57M | 841.66M | 860.55M | 836.55M | 801.09M | 810.42M | 826.14M |
| Revenue Growth % | 14.26% | 14.28% | 13.29% | 10.55% | 3.56% | 5.84% | 6.56% | 6.35% | 7.1% | 8.81% | 8.78% | 9.65% | 7.61% | 3.43% | 3.85% | 4.16% | 7.57% | 11.12% | 12.28% | 29.57% |
| Cost of Goods Sold | 418.08M | 432.46M | 421.88M | 414.73M | 375.05M | 383.63M | 379.5M | 382.7M | 371.02M | 375.43M | 367.55M | 370.78M | 357.22M | 343.64M | 335.04M | 346.51M | 337.8M | 344.67M | 337.5M | 336.83M |
| COGS % of Revenue | 36.65% | 39.65% | 38.17% | 37.38% | 37.56% | 40.2% | 38.9% | 38.13% | 38.48% | 41.64% | 40.15% | 39.29% | 39.68% | 41.47% | 39.81% | 40.27% | 40.38% | 43.03% | 41.64% | 40.77% |
| Gross Profit | 722.74M | 658.11M | 683.35M | 694.73M | 623.38M | 570.66M | 596.04M | 620.88M | 593.07M | 526.17M | 547.98M | 572.85M | 542.97M | 484.93M | 506.63M | 514.03M | 498.75M | 456.42M | 472.92M | 489.31M |
| Gross Margin % | 63.35% | 60.35% | 61.83% | 62.62% | 62.44% | 59.8% | 61.1% | 61.87% | 61.52% | 58.36% | 59.85% | 60.71% | 60.32% | 58.53% | 60.19% | 59.73% | 59.62% | 56.97% | 58.36% | 59.23% |
| Gross Profit Growth % | 15.94% | 15.33% | 14.65% | 11.89% | 5.11% | 8.46% | 8.77% | 8.38% | 9.23% | 8.5% | 8.16% | 11.44% | 8.87% | 6.25% | 7.13% | 5.05% | 5.94% | 11.46% | 11.91% | 28.99% |
| Operating Expenses | 360.15M | 342.51M | 328.51M | 321.69M | 306.85M | 308.97M | 292.15M | 355.36M | 294.11M | 280.87M | 272.7M | 276.71M | 262.57M | 258.4M | 261.8M | 334.97M | 250.41M | 257.23M | 246.96M | 230.06M |
| OpEx % of Revenue | 31.57% | 31.41% | 29.72% | 28.99% | 30.73% | 32.38% | 29.95% | 35.41% | 30.51% | 31.15% | 29.79% | 29.32% | 29.17% | 31.19% | 31.1% | 38.92% | 29.93% | 32.11% | 30.47% | 27.85% |
| Selling, General & Admin | 294.37M | 275.68M | 265.09M | 259.79M | 247.78M | 251.25M | 238.17M | 299.91M | 241.48M | 229.05M | 224.73M | 230.2M | 217.91M | 214.98M | 213.78M | 211.75M | 210.24M | 211.92M | 206.53M | 192.36M |
| SG&A % of Revenue | 25.8% | 25.28% | 23.99% | 23.42% | 24.82% | 26.33% | 24.41% | 29.88% | 25.05% | 25.41% | 24.55% | 24.4% | 24.21% | 25.95% | 25.4% | 24.61% | 25.13% | 26.45% | 25.48% | 23.28% |
| Research & Development | 65.79M | 66.83M | 63.41M | 61.9M | 59.06M | 57.73M | 53.98M | 55.45M | 52.63M | 51.81M | 47.97M | 46.51M | 44.67M | 43.42M | 48.01M | 123.22M | 40.17M | 45.31M | 40.43M | 37.7M |
| R&D % of Revenue | 5.77% | 6.13% | 5.74% | 5.58% | 5.92% | 6.05% | 5.53% | 5.53% | 5.46% | 5.75% | 5.24% | 4.93% | 4.96% | 5.24% | 5.7% | 14.32% | 4.8% | 5.66% | 4.99% | 4.56% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 362.59M | 315.61M | 354.85M | 373.05M | 316.53M | 261.69M | 303.89M | 263.8M | 298.96M | 245.3M | 275.28M | 296.14M | 280.4M | 226.53M | 244.83M | 179.07M | 248.34M | 199.19M | 225.96M | 259.25M |
| Operating Margin % | 31.78% | 28.94% | 32.11% | 33.62% | 31.7% | 27.42% | 31.15% | 26.29% | 31.01% | 27.21% | 30.07% | 31.38% | 31.15% | 27.34% | 29.09% | 20.81% | 29.69% | 24.87% | 27.88% | 31.38% |
| Operating Income Growth % | 14.55% | 20.6% | 16.77% | 41.41% | 5.88% | 6.68% | 10.39% | -10.92% | 6.62% | 8.29% | 12.44% | 65.38% | 12.91% | 13.72% | 8.35% | -30.93% | 0.29% | 7.62% | 31.48% | 34.16% |
| EBITDA | 362.59M | 354.33M | 391.47M | 408.82M | 350.6M | 295.39M | 338.02M | 295.99M | 328.86M | 275.04M | 304.27M | 324M | 308.73M | 255.25M | 273.38M | 207.19M | 274.86M | 226.89M | 252.43M | 284.63M |
| EBITDA Margin % | 31.78% | 32.49% | 35.42% | 36.85% | 35.11% | 30.95% | 34.65% | 29.49% | 34.11% | 30.51% | 33.23% | 34.34% | 34.3% | 30.81% | 32.48% | 24.08% | 32.86% | 28.32% | 31.15% | 34.45% |
| EBITDA Growth % | 3.42% | 19.95% | 15.81% | 38.12% | 6.61% | 7.4% | 11.09% | -8.64% | 6.52% | 7.75% | 11.3% | 56.38% | 12.32% | 12.5% | 8.3% | -27.21% | 0.8% | 8.22% | 28.46% | 31.27% |
| D&A (Non-Cash Add-back) | 0 | 38.72M | 36.63M | 35.77M | 34.06M | 33.71M | 34.13M | 32.19M | 29.9M | 29.74M | 28.98M | 27.86M | 28.33M | 28.72M | 28.55M | 28.12M | 26.51M | 27.7M | 26.47M | 25.38M |
| EBIT | 362.59M | 317.5M | 355.43M | 373.67M | 317.75M | 264.86M | 306.61M | 267.15M | 303.39M | 248.93M | 276.54M | 296.47M | 280.81M | 226.76M | 245.18M | 179.4M | 248.49M | 199.36M | 226.08M | 259.34M |
| Net Interest Income | -7.14M | -9.93M | -10.07M | -10.69M | -6.45M | -5.3M | -4.98M | -4.75M | -3.48M | -5.63M | -7.39M | -10.21M | -12.71M | -13.31M | -10.64M | -7.98M | -6.85M | -7.31M | -7.01M | -7.52M |
| Interest Income | 0 | 587K | 580K | 627K | 1.22M | 2.2M | 2.71M | 3.35M | 4.43M | 3.63M | 1.25M | 327K | 416K | 235K | 353K | 334K | 143K | 169K | 122K | 91K |
| Interest Expense | 7.14M | 10.52M | 10.65M | 11.32M | 7.67M | 7.5M | 7.7M | 8.1M | 7.91M | 9.27M | 8.65M | 10.54M | 13.13M | 13.55M | 11M | 8.32M | 7M | 7.48M | 7.13M | 7.61M |
| Other Income/Expense | -7.14M | -8.62M | -10.07M | -10.69M | -6.45M | -5.3M | -4.98M | -4.75M | -3.48M | -5.63M | -7.39M | -10.21M | -12.71M | -13.31M | -10.64M | -7.98M | -6.85M | -7.31M | -7.01M | -7.52M |
| Pretax Income | 355.44M | 306.98M | 344.77M | 362.35M | 310.08M | 256.39M | 298.91M | 259.06M | 295.48M | 239.67M | 267.89M | 285.93M | 267.69M | 213.22M | 234.18M | 171.08M | 241.49M | 191.88M | 218.95M | 251.73M |
| Pretax Margin % | 31.16% | 28.15% | 31.19% | 32.66% | 31.06% | 26.87% | 30.64% | 25.81% | 30.65% | 26.58% | 29.26% | 30.3% | 29.74% | 25.73% | 27.82% | 19.88% | 28.87% | 23.95% | 27.02% | 30.47% |
| Income Tax | 77M | 58.79M | 70.16M | 68.36M | 67.41M | 40.24M | 66.07M | 55.76M | 59.9M | 45.15M | 55.66M | 61.69M | 53.63M | 41.01M | 53.24M | 39.1M | 47.53M | 29.11M | 43.77M | 49.13M |
| Effective Tax Rate % | 21.66% | 19.15% | 20.35% | 18.87% | 21.74% | 15.69% | 22.1% | 21.52% | 20.27% | 18.84% | 20.78% | 21.58% | 20.04% | 19.23% | 22.74% | 22.86% | 19.68% | 15.17% | 19.99% | 19.51% |
| Net Income | 278.45M | 248.19M | 274.61M | 293.99M | 242.68M | 216.15M | 232.84M | 203.3M | 235.58M | 194.52M | 212.23M | 224.24M | 214.05M | 172.21M | 180.94M | 131.98M | 193.97M | 162.77M | 175.24M | 202.58M |
| Net Margin % | 24.41% | 22.76% | 24.85% | 26.5% | 24.31% | 22.65% | 23.87% | 20.26% | 24.44% | 21.58% | 23.18% | 23.76% | 23.78% | 20.78% | 21.5% | 15.34% | 23.19% | 20.32% | 21.62% | 24.52% |
| Net Income Growth % | 14.74% | 14.82% | 17.94% | 44.61% | 3.01% | 11.12% | 9.71% | -9.34% | 10.06% | 12.96% | 17.29% | 69.9% | 10.36% | 5.8% | 3.25% | -34.85% | -5.04% | -6.88% | 19.84% | 36.02% |
| Net Income (Continuing) | 278.45M | 248.19M | 274.61M | 293.99M | 242.68M | 216.15M | 232.84M | 203.3M | 235.58M | 194.52M | 212.23M | 224.24M | 214.05M | 172.21M | 180.94M | 131.98M | 193.97M | 162.77M | 175.18M | 202.61M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 706K | 763K |
| EPS (Diluted) | 3.45 | 3.08 | 3.40 | 3.63 | 2.96 | 2.62 | 2.80 | 2.44 | 2.81 | 2.32 | 2.53 | 2.67 | 2.55 | 2.05 | 2.15 | 1.56 | 2.27 | 1.89 | 2.03 | 2.34 |
| EPS Growth % | 16.55% | 17.56% | 21.43% | 48.77% | 5.34% | 12.93% | 10.67% | -8.61% | 10.2% | 13.17% | 17.67% | 71.15% | 12.33% | 8.47% | 5.91% | -33.33% | -3.4% | -5.97% | 20.12% | 36.05% |
| EPS (Basic) | 3.48 | 3.10 | 3.43 | 3.66 | 2.98 | 2.63 | 2.83 | 2.46 | 2.84 | 2.34 | 2.55 | 2.70 | 2.58 | 2.08 | 2.17 | 1.57 | 2.30 | 1.92 | 2.06 | 2.37 |
| Diluted Shares Outstanding | 80.67M | 80.67M | 80.67M | 80.99M | 81.92M | 82.54M | 83.06M | 83.39M | 83.96M | 83.93M | 83.99M | 83.98M | 83.96M | 83.81M | 84.11M | 84.86M | 85.56M | 86.14M | 86.51M | 86.65M |
| Basic Shares Outstanding | 80.1M | 80.1M | 80.1M | 80.41M | 81.32M | 81.85M | 82.3M | 82.63M | 83.1M | 83.09M | 83.1M | 83.09M | 82.99M | 82.93M | 83.25M | 83.92M | 84.41M | 84.83M | 85.12M | 85.33M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |