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Side-by-side financial comparison of Agilent Technologies (A) and Idexx Laboratories (IDXX). Click either name above to swap in a different company.

Agilent Technologies is the larger business by last-quarter revenue ($1.8B vs $1.1B, roughly 1.6× Idexx Laboratories). Idexx Laboratories runs the higher net margin — 22.8% vs 17.0%, a 5.8% gap on every dollar of revenue. On growth, Idexx Laboratories posted the faster year-over-year revenue change (14.3% vs 7.0%). Idexx Laboratories produced more free cash flow last quarter ($326.3M vs $175.0M). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs 6.4%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

IDEXX Laboratories, Inc. is an American multinational corporation engaged in the development, manufacture, and distribution of products and services for the companion animal veterinary, livestock and poultry, water testing, and dairy markets. Incorporated in 1983 by David Evans Shaw, the company is headquartered in Westbrook, Maine, and in Hoofddorp, Netherlands for its EMEA divisions.

A vs IDXX — Head-to-Head

Bigger by revenue
A
A
1.6× larger
A
$1.8B
$1.1B
IDXX
Growing faster (revenue YoY)
IDXX
IDXX
+7.3% gap
IDXX
14.3%
7.0%
A
Higher net margin
IDXX
IDXX
5.8% more per $
IDXX
22.8%
17.0%
A
More free cash flow
IDXX
IDXX
$151.3M more FCF
IDXX
$326.3M
$175.0M
A
Faster 2-yr revenue CAGR
A
A
Annualised
A
6.9%
6.4%
IDXX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
A
A
IDXX
IDXX
Revenue
$1.8B
$1.1B
Net Profit
$305.0M
$248.2M
Gross Margin
52.6%
60.3%
Operating Margin
19.6%
28.9%
Net Margin
17.0%
22.8%
Revenue YoY
7.0%
14.3%
Net Profit YoY
-4.1%
14.8%
EPS (diluted)
$1.07
$3.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
A
A
IDXX
IDXX
Q1 26
$1.8B
Q4 25
$1.9B
$1.1B
Q3 25
$1.7B
$1.1B
Q2 25
$1.7B
$1.1B
Q1 25
$1.7B
$998.4M
Q4 24
$1.7B
$954.3M
Q3 24
$1.6B
$975.5M
Q2 24
$1.6B
$1.0B
Net Profit
A
A
IDXX
IDXX
Q1 26
$305.0M
Q4 25
$434.0M
$248.2M
Q3 25
$336.0M
$274.6M
Q2 25
$215.0M
$294.0M
Q1 25
$318.0M
$242.7M
Q4 24
$351.0M
$216.1M
Q3 24
$282.0M
$232.8M
Q2 24
$308.0M
$203.3M
Gross Margin
A
A
IDXX
IDXX
Q1 26
52.6%
Q4 25
53.2%
60.3%
Q3 25
51.1%
61.8%
Q2 25
51.9%
62.6%
Q1 25
53.5%
62.4%
Q4 24
53.9%
59.8%
Q3 24
54.2%
61.1%
Q2 24
54.4%
61.7%
Operating Margin
A
A
IDXX
IDXX
Q1 26
19.6%
Q4 25
23.8%
28.9%
Q3 25
20.7%
32.1%
Q2 25
18.0%
33.6%
Q1 25
22.4%
31.7%
Q4 24
24.0%
27.4%
Q3 24
21.1%
31.2%
Q2 24
23.1%
26.3%
Net Margin
A
A
IDXX
IDXX
Q1 26
17.0%
Q4 25
23.3%
22.8%
Q3 25
19.3%
24.8%
Q2 25
12.9%
26.5%
Q1 25
18.9%
24.3%
Q4 24
20.6%
22.7%
Q3 24
17.9%
23.9%
Q2 24
19.6%
20.3%
EPS (diluted)
A
A
IDXX
IDXX
Q1 26
$1.07
Q4 25
$1.53
$3.09
Q3 25
$1.18
$3.40
Q2 25
$0.75
$3.63
Q1 25
$1.11
$2.96
Q4 24
$1.23
$2.62
Q3 24
$0.97
$2.80
Q2 24
$1.05
$2.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
A
A
IDXX
IDXX
Cash + ST InvestmentsLiquidity on hand
$1.8B
$180.1M
Total DebtLower is stronger
$3.0B
$450.0M
Stockholders' EquityBook value
$6.9B
$1.6B
Total Assets
$12.8B
$3.4B
Debt / EquityLower = less leverage
0.44×
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
IDXX
IDXX
Q1 26
$1.8B
Q4 25
$1.8B
$180.1M
Q3 25
$1.5B
$208.2M
Q2 25
$1.5B
$164.6M
Q1 25
$1.5B
$164.0M
Q4 24
$1.3B
$288.3M
Q3 24
$1.8B
$308.6M
Q2 24
$1.7B
$401.6M
Total Debt
A
A
IDXX
IDXX
Q1 26
$3.0B
Q4 25
$3.0B
$450.0M
Q3 25
$3.4B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
$617.8M
Q3 24
$2.1B
Q2 24
$2.1B
Stockholders' Equity
A
A
IDXX
IDXX
Q1 26
$6.9B
Q4 25
$6.7B
$1.6B
Q3 25
$6.4B
$1.6B
Q2 25
$6.1B
$1.5B
Q1 25
$6.0B
$1.4B
Q4 24
$5.9B
$1.6B
Q3 24
$5.9B
$1.6B
Q2 24
$6.2B
$1.6B
Total Assets
A
A
IDXX
IDXX
Q1 26
$12.8B
Q4 25
$12.7B
$3.4B
Q3 25
$12.2B
$3.4B
Q2 25
$12.2B
$3.3B
Q1 25
$11.9B
$3.2B
Q4 24
$11.8B
$3.3B
Q3 24
$11.0B
$3.4B
Q2 24
$10.9B
$3.4B
Debt / Equity
A
A
IDXX
IDXX
Q1 26
0.44×
Q4 25
0.45×
0.28×
Q3 25
0.53×
Q2 25
0.55×
Q1 25
0.56×
Q4 24
0.57×
0.39×
Q3 24
0.36×
Q2 24
0.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
A
A
IDXX
IDXX
Operating Cash FlowLast quarter
$268.0M
$355.8M
Free Cash FlowOCF − Capex
$175.0M
$326.3M
FCF MarginFCF / Revenue
9.7%
29.9%
Capex IntensityCapex / Revenue
5.2%
2.7%
Cash ConversionOCF / Net Profit
0.88×
1.43×
TTM Free Cash FlowTrailing 4 quarters
$993.0M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
IDXX
IDXX
Q1 26
$268.0M
Q4 25
$545.0M
$355.8M
Q3 25
$362.0M
$402.3M
Q2 25
$221.0M
$185.7M
Q1 25
$431.0M
$238.0M
Q4 24
$481.0M
$262.0M
Q3 24
$452.0M
$220.1M
Q2 24
$333.0M
$248.3M
Free Cash Flow
A
A
IDXX
IDXX
Q1 26
$175.0M
Q4 25
$452.0M
$326.3M
Q3 25
$259.0M
$371.2M
Q2 25
$107.0M
$151.6M
Q1 25
$334.0M
$207.9M
Q4 24
$388.0M
$232.8M
Q3 24
$360.0M
$192.0M
Q2 24
$230.0M
$215.0M
FCF Margin
A
A
IDXX
IDXX
Q1 26
9.7%
Q4 25
24.3%
29.9%
Q3 25
14.9%
33.6%
Q2 25
6.4%
13.7%
Q1 25
19.9%
20.8%
Q4 24
22.8%
24.4%
Q3 24
22.8%
19.7%
Q2 24
14.6%
21.4%
Capex Intensity
A
A
IDXX
IDXX
Q1 26
5.2%
Q4 25
5.0%
2.7%
Q3 25
5.9%
2.8%
Q2 25
6.8%
3.1%
Q1 25
5.8%
3.0%
Q4 24
5.5%
3.1%
Q3 24
5.8%
2.9%
Q2 24
6.5%
3.3%
Cash Conversion
A
A
IDXX
IDXX
Q1 26
0.88×
Q4 25
1.26×
1.43×
Q3 25
1.08×
1.47×
Q2 25
1.03×
0.63×
Q1 25
1.36×
0.98×
Q4 24
1.37×
1.21×
Q3 24
1.60×
0.95×
Q2 24
1.08×
1.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

IDXX
IDXX

Vet Lab Consumables$389.0M36%
Reference Laboratory Diagnostic And Consulting Services$349.2M32%
Rapid Assay Products$76.0M7%
Recurring Revenue$70.6M6%
CAG Diagnostic Capital Instruments$58.1M5%
Water Segment$50.5M5%
Livestock And Poultry Diagnostics Segment$37.5M3%
CAG Diagnostics Service And Accessories$35.3M3%
Systems And Hardware$20.1M2%
Rebate And Up Front Considerations Arrangements$2.4M0%
Extended Warranties And Post Contract Support Revenue$1.0M0%

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