How Is IDEXX Laboratories’ Stock Performance Compared to Other Health Care Stocks?

Westbrook, Maine-based IDEXX Laboratories, Inc. (IDXX) is a global leader in veterinary diagnostics and animal-health technology, providing diagnostic instruments, rapid tests, laboratory services, and software primarily for companion animals, along with water-quality and livestock/dairy testing. Headquartered in Westbrook, Maine, and founded in 1983, the company operates in more than 170 countries and serves veterinarians, food-production facilities, and public health organizations. 

Companies worth $10 billion or more are typically classified as “large-cap stocks,” and IDXX fits the label perfectly. Its position as the global leader in veterinary diagnostics is supported by a highly diversified and integrated product ecosystem that includes in-clinic analyzers, rapid tests, reference lab services, imaging tools, and practice-management software, creating high switching costs and strong customer loyalty.