IDXX vs NEOG
Idexx Laboratories Inc. and Neogen Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | IDXX | NEOG |
|---|---|---|
| Revenue | $4.3B | $870.4M |
| Net income | $1.1B | $-7.9M |
| Gross margin | 61.8% | 46.9% |
| Net margin | 24.6% | −0.9% |
| Return on equity | 66.2% | −0.4% |
| Diluted EPS | $13.08 | −$0.04 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $1.1B | $31.9M |
| Equity | $1.6B | $2.1B |
| Net debt / equity | 0.17× | 0.29× |
| Current ratio | 1.23× | 3.82× |
| Revenue CAGR 5y | 9.7% | 13.2% |
| Profit CAGR 5y | 12.7% | · |
IDXX bills 4.9× the revenue of NEOG, and NEOG closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | IDXX | NEOG |
|---|---|---|
| FY2025 | $4.3B | $870.4M |
| FY2024 | $3.9B | $894.7M |
| FY2023 | $3.7B | $924.2M |
| FY2022 | $3.4B | $822.4M |
| FY2021 | $3.2B | $527.2M |
| FY2020 | $2.7B | $468.5M |
| FY2019 | $2.4B | $418.2M |
| FY2018 | $2.2B | $414.2M |
| FY2017 | $2.0B | $397.9M |
| FY2016 | $1.8B | $358.3M |
Bottom line
| Fiscal year | IDXX | NEOG |
|---|---|---|
| FY2025 | $1.1B | $-7.9M |
| FY2024 | $887.9M | $-1.1B |
| FY2023 | $845.0M | $-9.4M |
| FY2022 | $679.1M | $-22.9M |
| FY2021 | $744.8M | $48.3M |
| FY2020 | $581.8M | $60.9M |
| FY2019 | $427.7M | $59.5M |
| FY2018 | $377.0M | $60.2M |
| FY2017 | $263.1M | $63.1M |
| FY2016 | $222.0M | $43.8M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$3,433,302,000 | IDXX |
| FY2024 | +$3,002,804,000 | IDXX |
| FY2023 | +$2,736,753,000 | IDXX |
| FY2022 | +$2,544,877,000 | IDXX |
| FY2021 | +$2,688,201,000 | IDXX |
| FY2020 | +$2,238,196,000 | IDXX |
| FY2019 | +$1,988,738,000 | IDXX |
| FY2018 | +$1,799,056,000 | IDXX |
| FY2017 | +$1,571,128,000 | IDXX |
| FY2016 | +$1,417,146,000 | IDXX |
| FY2015 | +$1,280,617,000 | IDXX |
| FY2014 | +$1,202,733,000 | IDXX |
| FY2013 | +$1,129,653,000 | IDXX |
| FY2012 | +$1,085,810,000 | IDXX |
| FY2011 | +$1,034,643,000 | IDXX |
| FY2010 | +$930,709,000 | IDXX |
| FY2009 | +$891,124,000 | IDXX |
IDXX has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +25.5 pp | IDXX |
| FY2024 | +144.8 pp | IDXX |
| FY2023 | +24.1 pp | IDXX |
| FY2022 | +22.9 pp | IDXX |
| FY2021 | +14.0 pp | IDXX |
| FY2020 | +8.5 pp | IDXX |
| FY2019 | +3.6 pp | IDXX |
| FY2018 | +2.5 pp | IDXX |
| FY2017 | −2.5 pp | NEOG |
| FY2016 | +0.2 pp | IDXX |
| FY2015 | +0.6 pp | IDXX |
| FY2014 | +0.4 pp | IDXX |
| FY2013 | +2.3 pp | IDXX |
| FY2012 | +0.8 pp | IDXX |
| FY2011 | +1.1 pp | IDXX |
| FY2010 | −0.4 pp | NEOG |
| FY2009 | −0.6 pp | NEOG |
The higher net margin has changed hands between IDXX and NEOG over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NEOG's net margin has been more volatile than IDXX's over the 17 comparable fiscal years — 31.6 percentage points of standard deviation against 4.6.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between IDXX and NEOG over these 17 fiscal years — IDXX led in 14 and NEOG in 3.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IDXX's return on equity has been more volatile than NEOG's over the 12 comparable fiscal years — 37.6 percentage points of standard deviation against 14.4.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
IDXX led in return on equity in every one of the 12 comparable fiscal years — a structural lead, not a recent swing.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.