{"id":17030,"date":"2025-11-26T09:01:31","date_gmt":"2025-11-26T07:01:31","guid":{"rendered":"https:\/\/sifterfund.com\/?p=17030"},"modified":"2025-11-28T09:14:39","modified_gmt":"2025-11-28T07:14:39","slug":"why-idexx-laboratories-fits-a-long-term-quality-portfolio","status":"publish","type":"post","link":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/","title":{"rendered":"Why IDEXX Laboratories Fits a Long Term Quality Portfolio"},"content":{"rendered":"\n<p class=\"lead-p\">In the summer of 2025, we finally invested on IDEXX Laboratories. We had followed the company for years, fully convinced of its quality, yet always kept at a distance because the valuation felt too high. This time the setup looked different. <\/p>\n\n\n\n<p>In this article we look at what IDEXX Laboratories does, how it makes money, and why we believe its earnings can grow over the next five years, making it a good fit for Sifter\u2019s long-term quality portfolio.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"IDEXX Laboratories (IDXX): Why We Finally Invested in 2025?\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/9syJrNvssUU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What IDEXX Laboratories Does and How It Makes Money<\/strong><\/h2>\n\n\n\n<p>IDEXX is a global leader in pet diagnostics. The company manufactures <strong>in-clinic diagnostic analyzers<\/strong>, provides laboratory services, and offers a full ecosystem of software and apps that help veterinarians run tests and diagnose pets in-house within minutes.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>When a pet owner brings their dog or cat to a veterinary clinic. The veterinarian draws a small blood sample and places it into an IDEXX analyzer. <\/p>\n<\/blockquote>\n\n\n\n<p>Within minutes the device delivers results that allow the vet to diagnose infections, organ problems, or more serious diseases on the spot. If a more advanced test is needed, the sample is sent to an IDEXX reference laboratory.<\/p>\n\n\n\n<p>IDEXX operates a razor and blade business model where analyzers drive long-term demand for high-margin consumables. Once installed, the devices become part of a clinic\u2019s routine, and every test run or consumable used generates recurring revenue.<\/p>\n\n\n\n<p>This is a highly scalable business model because new tests and upgrades roll out instantly across the global installed base. The more tests clinics run, the more consumables they use, making consumables the key driver of predictable long-term earnings.<\/p>\n\n\n\n<p>IDEXX generates roughly <strong>4 billion dollars <\/strong>in annual revenue. About <strong>60 percent<\/strong> comes from the United States and <strong>40 percent<\/strong> from international markets. The company operates in about <strong>175 countries<\/strong> and serves more than <strong>100,000 <\/strong>veterinary clinics worldwide.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large graafi\"><a href=\"https:\/\/sifterfund.com\/wp-content\/uploads\/four-pillars-of-quality.png\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/sifterfund.com\/wp-content\/uploads\/four-pillars-of-quality-1024x576.png\" alt=\"\" class=\"wp-image-17055\" srcset=\"https:\/\/sifterfund.com\/wp-content\/uploads\/four-pillars-of-quality-1024x576.png 1024w, https:\/\/sifterfund.com\/wp-content\/uploads\/four-pillars-of-quality-500x281.png 500w, https:\/\/sifterfund.com\/wp-content\/uploads\/four-pillars-of-quality-768x432.png 768w, https:\/\/sifterfund.com\/wp-content\/uploads\/four-pillars-of-quality-1536x864.png 1536w, https:\/\/sifterfund.com\/wp-content\/uploads\/four-pillars-of-quality.png 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Let\u2019s evaluate IDEXX through our four quality pillars: predictable growth, a strong moat, solid financials, and an attractive valuation.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. Predictable Growth<\/strong><\/h2>\n\n\n\n<p>At Sifter, predictable growth is the foundation of a long-term compounder. Earnings growth must be visible and supported by clear drivers. IDEXX fits this description well.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Pets live longer today thanks to better health care and a stronger bond between humans and animals. <\/p>\n<\/blockquote>\n\n\n\n<p>Diagnostic testing has become more common as pet owners seek better care for their pets, creating a reinforcing cycle where frequent diagnostics support longer lifespans and those longer lifespans lead to even more testing.<\/p>\n\n\n\n<p>IDEXX supports this trend by continually developing new diagnostic tests and educating veterinarians on modern diagnostics. One recent example is the <strong>fine needle aspiration<\/strong> capability in its latest analyzer, which allows vets to diagnose certain cancers within minutes instead of sending samples to a lab.<\/p>\n\n\n\n<p><br>The industry has grown about <strong>9 percent<\/strong> annually in the last decade, and is expected to continue experiencing strong growth. IDEXX holds roughly <strong>50 percent <\/strong>of the global veterinary diagnostics market. The company targets <strong>8.5 to 11 <\/strong>percent long-term organic growth. <\/p>\n\n\n\n<p>With recurring revenue streams, multi-year contracts, and consumables making up a large share of sales, we view IDEXX as a business with a highly predictable growth trajectory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Strong Moat<\/strong><\/h2>\n\n\n\n<p>A quality company must have structural advantages that protect it from competition, and in IDEXX\u2019s case there are three factors that together create a moat that is very hard for competitors to break.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Fragmented and demaning customer base<\/h3>\n\n\n\n<p>Veterinary clinics are a fragmented customer group, yet they require a broad range of diagnostic tools. IDEXX offers a fully integrated solution that includes analyzers, lab services, software, and education. This ecosystem saves vets time and produces reliable results, making it hard for competitors to break in.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Strong investment in product development<\/h3>\n\n\n\n<p>IDEXX invests heavily in product development, roughly 7 to 8 percent of revenue per year, which rivals what some competitors generate in total revenue. New tests and product improvements scale instantly across the global installed base of analyzers, reinforcing IDEXX\u2019s market leadership.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. High switching costs<\/h3>\n\n\n\n<p>Clinics are typically locked into multi-year contracts and rely on IDEXX\u2019s systems in their daily workflow. Once the equipment, software, and lab processes are fully integrated, switching becomes costly and disruptive. These high switching costs create a powerful lock-in effect.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Solid Financials<\/strong><\/h2>\n\n\n\n<p>Financial figures are what separate good companies from great ones. Strong growth and a durable moat tend to show up clearly in the financials, and IDEXX is a good example of how quality becomes visible in the numbers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large graafi\"><a href=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-gross-margin-2014-2024-estimates-2025-2029.png\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-gross-margin-2014-2024-estimates-2025-2029-1024x576.png\" alt=\"IDEXX Laboratories\u2019 gross margin is above 60 percent and has increased steadily over time.\" class=\"wp-image-17033\" srcset=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-gross-margin-2014-2024-estimates-2025-2029-1024x576.png 1024w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-gross-margin-2014-2024-estimates-2025-2029-500x281.png 500w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-gross-margin-2014-2024-estimates-2025-2029-768x432.png 768w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-gross-margin-2014-2024-estimates-2025-2029-1536x864.png 1536w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-gross-margin-2014-2024-estimates-2025-2029.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">IDEXX Laboratories\u2019 gross margin is above 60 percent and has increased steadily over time.<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large graafi\"><a href=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-operating-margin-2014-2024-estimates-2025-2029-1.png\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-operating-margin-2014-2024-estimates-2025-2029-1-1024x576.png\" alt=\"\" class=\"wp-image-17057\" srcset=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-operating-margin-2014-2024-estimates-2025-2029-1-1024x576.png 1024w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-operating-margin-2014-2024-estimates-2025-2029-1-500x281.png 500w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-operating-margin-2014-2024-estimates-2025-2029-1-768x432.png 768w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-operating-margin-2014-2024-estimates-2025-2029-1-1536x864.png 1536w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-operating-margin-2014-2024-estimates-2025-2029-1.png 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">IDEXX Laboratories\u2019 operating margin stands around 30 percent, which is unusually strong for a business that sells physical products supported by recurring consumables.<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large graafi\"><a href=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-roic-2014-2024-1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-roic-2014-2024-1-1024x576.png\" alt=\"\" class=\"wp-image-17059\" srcset=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-roic-2014-2024-1-1024x576.png 1024w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-roic-2014-2024-1-500x281.png 500w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-roic-2014-2024-1-768x432.png 768w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-roic-2014-2024-1-1536x864.png 1536w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-roic-2014-2024-1.png 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">IDEXX Laboratories\u2019 returns on invested capital have been around 40 percent.<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large graafi\"><a href=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-free-cash-flow-2014-2024-1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-free-cash-flow-2014-2024-1-1024x576.png\" alt=\"\" class=\"wp-image-17061\" srcset=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-free-cash-flow-2014-2024-1-1024x576.png 1024w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-free-cash-flow-2014-2024-1-500x281.png 500w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-free-cash-flow-2014-2024-1-768x432.png 768w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-free-cash-flow-2014-2024-1-1536x864.png 1536w, https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-free-cash-flow-2014-2024-1.png 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">IDEXX Laboratories\u2019 free cash flow remains robust thanks to the company\u2019s asset-light model and recurring revenue mix.<\/figcaption><\/figure>\n\n\n\n<p>Investment needs are low outside of <strong>R&amp;D<\/strong>. The balance sheet is strong, with low net debt and high cash generation. These characteristics give IDEXX the flexibility to reinvest in innovation, buy back shares, and pursue new growth opportunities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Attractive Valuation<\/strong><\/h2>\n\n\n\n<p>Quality companies rarely trade at bargain prices, and IDEXX is no exception. The question is whether the quality, growth potential, and durability justify the price.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Historically, we viewed IDEXX as too expensive. Pandemic-era expectations drove valuations to unsustainable levels. <\/p>\n<\/blockquote>\n\n\n\n<p>By June 2025, those expectations had normalized, and the valuation had fallen to a level we considered reasonable. We initiated a position of about 2.5 percent of portfolio assets, which is typical for a new investment.<\/p>\n\n\n\n<p>Since then, growth in consumables has reaccelerated faster than expected. While this has supported the share price, valuation must always be monitored. <\/p>\n\n\n\n<p>As long-term quality investors, we continuously evaluate each company in the portfolio. If expectations rise too far or valuation becomes detached from fundamentals, we are ready to trim or exit. For now, IDEXX behaves as a company that fits our investment hypothesis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary<\/h2>\n\n\n\n<p>IDEXX is a global leader in pet diagnostics with predictable growth, strong moat, solid financials, and a valuation we considered fair at the time of investment.<\/p>\n\n\n\n<p>The company benefits from rising pet-care demand, holds a leading position in global diagnostics, and generates high recurring revenue from consumables and lab services. <\/p>\n\n\n\n<p>With strong margins, excellent returns on invested capital, and low capital intensity, IDEXX has the qualities we look for in a long-term compounder.<\/p>\n\n\n\n<p><strong>Karl Lidsle<\/strong><br>Portfolio Manager<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With strong margins, excellent returns on invested capital, and low capital intensity, IDEXX has the qualities we look for in a long-term compounder.<\/p>\n","protected":false},"author":13,"featured_media":17042,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-17030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why IDEXX Laboratories Fits a Long Term Quality Portfolio - Sifter Fund<\/title>\n<meta name=\"description\" content=\"IDEXX Laboratories is a global leader in pet diagnostics with strong quality characteristics. How IDEXX makes money?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why IDEXX Laboratories Fits a Long Term Quality Portfolio - Sifter Fund\" \/>\n<meta property=\"og:description\" content=\"IDEXX Laboratories is a global leader in pet diagnostics with strong quality characteristics. How IDEXX makes money?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Sifter Fund\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/sifterfund\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-26T07:01:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-28T07:14:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-sifter-fund-quality-business.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"840\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Karl-Johan Lidsle\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Karl-Johan Lidsle\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/\"},\"author\":{\"name\":\"Karl-Johan Lidsle\",\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/#\\\/schema\\\/person\\\/b7cee739ab51883d4c231fd90b4f4a23\"},\"headline\":\"Why IDEXX Laboratories Fits a Long Term Quality Portfolio\",\"datePublished\":\"2025-11-26T07:01:31+00:00\",\"dateModified\":\"2025-11-28T07:14:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/\"},\"wordCount\":1057,\"publisher\":{\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sifterfund.com\\\/wp-content\\\/uploads\\\/idexx-laboratories-sifter-fund-quality-business.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/\",\"url\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/\",\"name\":\"Why IDEXX Laboratories Fits a Long Term Quality Portfolio - Sifter Fund\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sifterfund.com\\\/wp-content\\\/uploads\\\/idexx-laboratories-sifter-fund-quality-business.jpg\",\"datePublished\":\"2025-11-26T07:01:31+00:00\",\"dateModified\":\"2025-11-28T07:14:39+00:00\",\"description\":\"IDEXX Laboratories is a global leader in pet diagnostics with strong quality characteristics. How IDEXX makes money?\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/#primaryimage\",\"url\":\"https:\\\/\\\/sifterfund.com\\\/wp-content\\\/uploads\\\/idexx-laboratories-sifter-fund-quality-business.jpg\",\"contentUrl\":\"https:\\\/\\\/sifterfund.com\\\/wp-content\\\/uploads\\\/idexx-laboratories-sifter-fund-quality-business.jpg\",\"width\":1600,\"height\":840,\"caption\":\"IDEXX Laboratories: The Global Market Leader in Pet Diagnostics\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why IDEXX Laboratories Fits a Long Term Quality Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/\",\"name\":\"Sifter Fund\",\"description\":\"Aktiivinen osakerahasto\",\"publisher\":{\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/#organization\",\"name\":\"Sifter Capital Oy\",\"alternateName\":\"Sifter Fund\",\"url\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/sifterfund.com\\\/wp-content\\\/uploads\\\/2019\\\/09\\\/sifter-logo-green.png\",\"contentUrl\":\"https:\\\/\\\/sifterfund.com\\\/wp-content\\\/uploads\\\/2019\\\/09\\\/sifter-logo-green.png\",\"width\":900,\"height\":260,\"caption\":\"Sifter Capital Oy\"},\"image\":{\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/sifterfund\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/siftercapital\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@sifterfund\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/sifterfund.com\\\/en\\\/#\\\/schema\\\/person\\\/b7cee739ab51883d4c231fd90b4f4a23\",\"name\":\"Karl-Johan Lidsle\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/82693913bdc2917c66cc8caf6fc7d2a2dd4e040e495147718fbbdb8376c64c6d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/82693913bdc2917c66cc8caf6fc7d2a2dd4e040e495147718fbbdb8376c64c6d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/82693913bdc2917c66cc8caf6fc7d2a2dd4e040e495147718fbbdb8376c64c6d?s=96&d=mm&r=g\",\"caption\":\"Karl-Johan Lidsle\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why IDEXX Laboratories Fits a Long Term Quality Portfolio - Sifter Fund","description":"IDEXX Laboratories is a global leader in pet diagnostics with strong quality characteristics. How IDEXX makes money?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Why IDEXX Laboratories Fits a Long Term Quality Portfolio - Sifter Fund","og_description":"IDEXX Laboratories is a global leader in pet diagnostics with strong quality characteristics. How IDEXX makes money?","og_url":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/","og_site_name":"Sifter Fund","article_publisher":"https:\/\/www.facebook.com\/sifterfund\/","article_published_time":"2025-11-26T07:01:31+00:00","article_modified_time":"2025-11-28T07:14:39+00:00","og_image":[{"width":1600,"height":840,"url":"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-sifter-fund-quality-business.jpg","type":"image\/jpeg"}],"author":"Karl-Johan Lidsle","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Karl-Johan Lidsle","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/#article","isPartOf":{"@id":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/"},"author":{"name":"Karl-Johan Lidsle","@id":"https:\/\/sifterfund.com\/en\/#\/schema\/person\/b7cee739ab51883d4c231fd90b4f4a23"},"headline":"Why IDEXX Laboratories Fits a Long Term Quality Portfolio","datePublished":"2025-11-26T07:01:31+00:00","dateModified":"2025-11-28T07:14:39+00:00","mainEntityOfPage":{"@id":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/"},"wordCount":1057,"publisher":{"@id":"https:\/\/sifterfund.com\/en\/#organization"},"image":{"@id":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-sifter-fund-quality-business.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/","url":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/","name":"Why IDEXX Laboratories Fits a Long Term Quality Portfolio - Sifter Fund","isPartOf":{"@id":"https:\/\/sifterfund.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-sifter-fund-quality-business.jpg","datePublished":"2025-11-26T07:01:31+00:00","dateModified":"2025-11-28T07:14:39+00:00","description":"IDEXX Laboratories is a global leader in pet diagnostics with strong quality characteristics. How IDEXX makes money?","breadcrumb":{"@id":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/#primaryimage","url":"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-sifter-fund-quality-business.jpg","contentUrl":"https:\/\/sifterfund.com\/wp-content\/uploads\/idexx-laboratories-sifter-fund-quality-business.jpg","width":1600,"height":840,"caption":"IDEXX Laboratories: The Global Market Leader in Pet Diagnostics"},{"@type":"BreadcrumbList","@id":"https:\/\/sifterfund.com\/en\/why-idexx-laboratories-fits-a-long-term-quality-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sifterfund.com\/en\/"},{"@type":"ListItem","position":2,"name":"Why IDEXX Laboratories Fits a Long Term Quality Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/sifterfund.com\/en\/#website","url":"https:\/\/sifterfund.com\/en\/","name":"Sifter Fund","description":"Aktiivinen osakerahasto","publisher":{"@id":"https:\/\/sifterfund.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sifterfund.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/sifterfund.com\/en\/#organization","name":"Sifter Capital Oy","alternateName":"Sifter Fund","url":"https:\/\/sifterfund.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sifterfund.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/sifterfund.com\/wp-content\/uploads\/2019\/09\/sifter-logo-green.png","contentUrl":"https:\/\/sifterfund.com\/wp-content\/uploads\/2019\/09\/sifter-logo-green.png","width":900,"height":260,"caption":"Sifter Capital Oy"},"image":{"@id":"https:\/\/sifterfund.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/sifterfund\/","https:\/\/www.linkedin.com\/company\/siftercapital\/","https:\/\/www.youtube.com\/@sifterfund"]},{"@type":"Person","@id":"https:\/\/sifterfund.com\/en\/#\/schema\/person\/b7cee739ab51883d4c231fd90b4f4a23","name":"Karl-Johan Lidsle","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/82693913bdc2917c66cc8caf6fc7d2a2dd4e040e495147718fbbdb8376c64c6d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/82693913bdc2917c66cc8caf6fc7d2a2dd4e040e495147718fbbdb8376c64c6d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/82693913bdc2917c66cc8caf6fc7d2a2dd4e040e495147718fbbdb8376c64c6d?s=96&d=mm&r=g","caption":"Karl-Johan Lidsle"}}]}},"_links":{"self":[{"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/posts\/17030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/comments?post=17030"}],"version-history":[{"count":13,"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/posts\/17030\/revisions"}],"predecessor-version":[{"id":17077,"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/posts\/17030\/revisions\/17077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/media\/17042"}],"wp:attachment":[{"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/media?parent=17030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/categories?post=17030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sifterfund.com\/en\/wp-json\/wp\/v2\/tags?post=17030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}