IDEXX LABORATORIES INC /DE (IDXX) closed fiscal year 2025 with a gross margin of 61.8 % and a net margin of 24.6 %.
IDEXX LABORATORIES INC /DE (IDXX) closed fiscal year 2025 with a gross margin of 61.8 % and a net margin of 24.6 %. The same year shows an EBITDA margin of 35.0 % and an EBIT margin of 31.6 %. The free cash flow margin was 24.6 %. Against the previous year the gross margin moved +0.8 pp and the net margin +1.8 pp. Across the period the gross margin ranges between 51.0 % in 2009 and 61.8 % in 2025. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 51.73 % | 51.01 % | 52.44 % | 53.05 % | 54.06 % | 54.91 % | 54.93 % | 55.58 % | 54.94 % | 55.73 % | 56.10 % | 56.73 % | 58.04 % | 58.76 % | 59.52 % | 59.82 % | 61.04 % | 61.80 % |
| EBITDA margin (%) | 21.53 % | 21.88 % | 22.64 % | 23.34 % | 24.35 % | 23.34 % | 21.48 % | 23.03 % | 24.13 % | 25.20 % | 25.96 % | 26.63 % | 29.21 % | 32.24 % | 30.01 % | 33.11 % | 32.28 % | 34.97 % |
| EBIT margin (%) | 16.84 % | 17.06 % | 18.48 % | 19.38 % | 20.30 % | 19.37 % | 17.52 % | 18.72 % | 19.73 % | 20.98 % | 22.20 % | 22.97 % | 25.66 % | 28.99 % | 26.69 % | 29.97 % | 28.95 % | 31.60 % |
| Net margin (%) | 11.34 % | 11.85 % | 12.80 % | 13.28 % | 13.78 % | 13.64 % | 12.24 % | 11.99 % | 12.51 % | 13.36 % | 17.04 % | 17.77 % | 21.49 % | 23.17 % | 20.17 % | 23.08 % | 22.78 % | 24.62 % |
| FCF margin (%) | 5.21 % | 12.05 % | 12.68 % | 13.80 % | 12.74 % | 12.23 % | 11.80 % | 8.67 % | 15.44 % | 15.18 % | 12.85 % | 12.64 % | 19.99 % | 19.78 % | 11.71 % | 21.11 % | 20.73 % | 24.56 % |
