IDEXX LABORATORIES INC (NASDAQ:IDXX) can be considered a quality stock. Here's why.

Quality investors are looking for the best of the best. Companies which are growing steadily and consistently, but are also in excellent financial condition. We will have a look here to see if IDEXX LABORATORIES INC (NASDAQ:IDXX) is suited for quality investing. Investors should of course do their own research, but we spotted IDEXX LABORATORIES INC showing up in our Caviar Cruise quality screen, so it may be worth spending some more time on it.

What matters for quality investors.

• The 5-year revenue growth of IDEXX LABORATORIES INC has been remarkable, with 10.59% increase. This showcases the company's strong performance in driving revenue growth and indicates its competitiveness within the market.
• IDEXX LABORATORIES INC exhibits a strong ROIC excluding cash and goodwill, indicating efficient capital utilization and profitable operations. The 41.34% reflects the company's ability to generate returns on invested capital and underscores its commitment to delivering value to shareholders.
• With a Debt/Free Cash Flow Ratio of 1.23, IDEXX LABORATORIES INC exhibits solid financial health and responsible debt management practices. This ratio indicates the company's ability to generate ample free cash flow to meet its debt obligations and pursue growth opportunities.
• The Profit Quality (5-year) of IDEXX LABORATORIES INC stands at 79.47%, highlighting its ability to consistently generate reliable profits. This metric underscores the company's strong business fundamentals and reinforces its position as a financially stable entity.
• IDEXX LABORATORIES INC has demonstrated consistent growth in EBIT over the past 5 years, with a strong 17.16%. This signifies the company's ability to generate sustainable earnings and reflects its positive financial trajectory.
• With EBIT 5-year growth outpacing its Revenue 5-year growth, IDEXX LABORATORIES INC showcases its effective cost management and enhanced operational performance. This suggests the company's ability to generate higher earnings from its revenue streams.

How does the complete fundamental picture look for NASDAQ:IDXX?

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

Overall IDXX gets a fundamental rating of 6 out of 10. We evaluated IDXX against 199 industry peers in the Health Care Equipment & Supplies industry. IDXX scores excellent on profitability, but there are some minor concerns on its financial health. IDXX has a correct valuation and a medium growth rate.

For an up to date full fundamental analysis you can check the fundamental report of IDXX

More quality stocks can be found in our Caviar Cruise screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.