IDEXX Laboratories Inc (IDXX)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,128,340 | 1,097,130 | 898,765 | 932,028 | 694,524 |
| Revenue | US$ in thousands | 3,897,500 | 3,660,950 | 3,367,320 | 3,215,360 | 2,706,660 |
| Operating profit margin | 28.95% | 29.97% | 26.69% | 28.99% | 25.66% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,128,340K ÷ $3,897,500K
= 28.95%
To analyze IDEXX Laboratories Inc's operating profit margin over the period from December 31, 2020, to December 31, 2024:
- The operating profit margin increased from 25.66% in December 2020 to 29.97% in December 2023, reflecting consistent improvement in profitability over this period.
- However, in December 2024, the operating profit margin slightly decreased to 28.95% from the previous year's peak.
- Overall, IDEXX Laboratories Inc's operating profit margin displays a positive trend with fluctuations, indicating the company's ability to generate higher profits from its operations while also facing some variability in profitability levels.
Peer comparison
Dec 31, 2024