Is IDEXX Laboratories Stock Outperforming the Dow?

With a market cap of $42.3 billion, IDEXX Laboratories, Inc. (IDXX) is a global leader in veterinary diagnostics and software. Founded in 1983, the Westbrook, Maine-based company has grown into a key player in the animal healthcare industry, serving over 50,000 veterinary practices across more than 175 countries.

Companies valued at $10 billion or more are generally described as “large-cap stocks,” and IDEXX Laboratories definitely fits that description. The company's innovative, recurring revenue-driven business model has enabled it to perform in the life sciences space consistently.