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Idexx Laboratories vs Trinity Biotech: revenue, profit, margins and growth compared

Idexx Laboratories brought in $4.3B of revenue in fiscal 2025, Trinity Biotech $61.6M in fiscal 2024. Revenue changed by +10.4% at Idexx Laboratories and +8.3% at Trinity Biotech on the year before, so Idexx Laboratories grew faster. Idexx Laboratories kept 24.6% of its revenue as net profit, Trinity Biotech -51.6%. Free cash flow was $1.1B at Idexx Laboratories and -$4.6M at Trinity Biotech.

Side by side, latest fiscal year

IDXXTRIB
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$4.3B$61.6M
Revenue growth+10.4%+8.3%
Net income$1.1B-$31.8M
Net margin24.6%-51.6%
Free cash flow$1.1B-$4.6M
Free cash flow margin24.6%-7.5%
Earnings per share (diluted)$13.08n/a
Cash$180.1M$5.2M
Debt$450Mn/a
Price to earnings39.7n/a
Market value$40.9B$5.5M
Dividend yieldn/an/a
Rank by revenue in sector#68 of 646 · Health care#358 of 646 · Health care

Over the years

Revenue
IDXX FY2018: $2.2BIDXX FY2019: $2.4BIDXX FY2020: $2.7BIDXX FY2021: $3.2BIDXX FY2022: $3.4BIDXX FY2023: $3.7BIDXX FY2024: $3.9BIDXX FY2025: $4.3BTRIB FY2017: $99.1MTRIB FY2018: $97MTRIB FY2019: $90.4MTRIB FY2020: $102MTRIB FY2021: $81.1MTRIB FY2022: $62.5MTRIB FY2023: $56.8MTRIB FY2024: $61.6MFY17FY18FY19FY20FY21FY22FY23FY24FY25
IDXX $4.3BTRIB $61.6M
Net income
IDXX FY2018: $377MIDXX FY2019: $427.7MIDXX FY2020: $581.8MIDXX FY2021: $744.8MIDXX FY2022: $679.1MIDXX FY2023: $845MIDXX FY2024: $887.9MIDXX FY2025: $1.1BTRIB FY2017: -$40.3MTRIB FY2018: -$22.1MTRIB FY2019: -$28.9MTRIB FY2020: -$6.4MTRIB FY2021: $875KTRIB FY2022: -$41MTRIB FY2023: -$24MTRIB FY2024: -$31.8MFY17FY18FY19FY20FY21FY22FY23FY24FY25
IDXX $1.1BTRIB -$31.8M
Net margin
IDXX FY2018: 17.0%IDXX FY2019: 17.8%IDXX FY2020: 21.5%IDXX FY2021: 23.2%IDXX FY2022: 20.2%IDXX FY2023: 23.1%IDXX FY2024: 22.8%IDXX FY2025: 24.6%TRIB FY2017: -40.6%TRIB FY2018: -22.8%TRIB FY2019: -32.0%TRIB FY2020: -6.3%TRIB FY2021: 1.1%TRIB FY2022: -65.6%TRIB FY2023: -42.3%TRIB FY2024: -51.6%FY17FY18FY19FY20FY21FY22FY23FY24FY25
IDXX 24.6%TRIB -51.6%
Revenue growth
IDXX FY2019: +8.8%IDXX FY2020: +12.5%IDXX FY2021: +18.8%IDXX FY2022: +4.7%IDXX FY2023: +8.7%IDXX FY2024: +6.5%IDXX FY2025: +10.4%TRIB FY2018: -2.1%TRIB FY2019: -6.8%TRIB FY2020: +12.8%TRIB FY2021: -20.4%TRIB FY2022: -23.0%TRIB FY2023: -9.1%TRIB FY2024: +8.3%FY18FY19FY20FY21FY22FY23FY24FY25
IDXX +10.4%TRIB +8.3%
Free cash flow
IDXX FY2018: $284.3MIDXX FY2019: $304.2MIDXX FY2020: $541.1MIDXX FY2021: $636MIDXX FY2022: $394.1MIDXX FY2023: $772.9MIDXX FY2024: $808.1MIDXX FY2025: $1.1BTRIB FY2017: $4.4MTRIB FY2018: -$299KTRIB FY2019: $3.3MTRIB FY2020: $20.6MTRIB FY2021: $11.4MTRIB FY2022: -$2MTRIB FY2023: -$12.4MTRIB FY2024: -$4.6MFY17FY18FY19FY20FY21FY22FY23FY24FY25
IDXX $1.1BTRIB -$4.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Idexx Laboratories and Trinity Biotech

Which is bigger by revenue, Idexx Laboratories or Trinity Biotech?

Idexx Laboratories is bigger by revenue: $4.3B in fiscal 2025, against $61.6M for Trinity Biotech in fiscal 2024.

Which keeps more of its revenue as profit, Idexx Laboratories or Trinity Biotech?

Idexx Laboratories had a net margin of 24.6% in fiscal 2025; Trinity Biotech had -51.6% in fiscal 2024.

Which grew revenue faster, Idexx Laboratories or Trinity Biotech?

In their latest fiscal years revenue changed by +10.4% at Idexx Laboratories and +8.3% at Trinity Biotech.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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