{"slug":"idexx-laboratories","name":"아이덱스 래버러토리스","name_en":"IDEXX Laboratories, Inc.","ticker":"IDXX","updated_at":"2026-09-12T00:47:48.740899+00:00","canonical":"https://valuechain.wiki/idexx-laboratories","citable":"밸류체인 그래프 기준 아이덱스 래버러토리스의 직접 연결 기업은 2곳(관계 기준 공급 2·매출 0)이고, 사슬을 2차까지 넓히면 49곳에 닿는다. 링크의 근거 출처는 6건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-09-12 기준).","citable_en":"Per the valuechain.wiki graph, IDEXX Laboratories, Inc. is directly linked to 2 companies (2 supply, 0 revenue relationships) and reaches 49 companies within two hops; the links are backed by 6 dated sources, 2 of them primary filings (as of 2026-09-12).","kicker":"수의진단 통합 플랫폼","kicker_en":"Integrated veterinary diagnostics","lead":"아이덱스 래버러토리스는 동물병원과 수질검사기관에 진단 장비, 반복 소모품, 검사실 서비스와 소프트웨어를 판매해 돈을 번다. 제품 생산에는 단일 공급사의 부품과 검사키트를 쓰고, 클라우드형 진료 소프트웨어에는 AWS 인프라를 사용하며 Greenline Pet 같은 소프트웨어 자산을 인수한다.","lead_en":"IDEXX Laboratories earns revenue by selling diagnostic instruments, recurring consumables, reference-laboratory services, and software to veterinary practices and water-testing organizations. It relies on single-source components and testing kits, uses AWS infrastructure for cloud practice software, and acquires software assets such as Greenline Pet.","categories":[{"key":"life-science-tools-genomics","ko":"생명과학 도구·유전체","en":"Life Science Tools & Genomics","theme":"life-sciences","theme_ko":"바이오·헬스","theme_en":"Biopharma & Life Sciences","theme_kind":"sector","primary":true}],"segments":{"parts":[{"name":"반려동물 그룹(CAG)","note":"원내 진단, 반복 소모품, 외부 검사실, 수의 소프트웨어와 영상 시스템"},{"name":"수질 제품","note":"음용수와 공정수의 미생물 검출 제품과 장비"},{"name":"축산·가금·낙농(LPD)","note":"가축 질병 진단과 우유 안전성 검사 제품 및 서비스"},{"name":"기타","note":"인체용 현장진단 제품과 기술 라이선스"}],"total":"FY2025 총매출 43억370만2천달러","track":"C"},"segments_en":{"parts":[{"name":"Companion Animal Group (CAG)","note":"In-clinic diagnostics, recurring consumables, reference laboratories, veterinary software, and imaging systems"},{"name":"Water","note":"Products and instruments for detecting microorganisms in drinking and process water"},{"name":"Livestock, Poultry and Dairy (LPD)","note":"Livestock disease diagnostics and milk-safety testing products and services"},{"name":"Other","note":"Human point-of-care diagnostics and technology licensing"}],"total":"FY2025 total revenue: $4.303702 billion"},"returns_yearly":{"2021":31.7,"2022":-38,"2023":36.1,"2024":-25.5,"2025":63.6,"2026":-20.9},"return_asof":"2026-09-04","value_chain":{"leading":[],"benefiting":[{"slug":"thermo-fisher-scientific","name":"써모 피셔 사이언티픽","name_en":"Thermo Fisher Scientific","tier":1,"returns_yearly":{"2021":43.5,"2022":-17.3,"2023":-3.4,"2024":-1.7,"2025":11.8,"2026":13.9}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":1,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":12}},{"slug":"sandisk","name":"샌디스크","name_en":"SanDisk","tier":2,"returns_yearly":{"2026":633}},{"slug":"seagate","name":"Seagate","name_en":"Seagate Technology","tier":2,"returns_yearly":{"2021":87.5,"2022":-51.4,"2023":69.1,"2024":4.1,"2025":225.3,"2026":209.1}},{"slug":"marvell","name":"Marvell","name_en":"Marvell","tier":2,"returns_yearly":{"2021":84.6,"2022":-57.5,"2023":63.7,"2024":83.8,"2025":-22.8,"2026":163.4}},{"slug":"astera-labs","name":"Astera Labs","name_en":"Astera Labs","tier":2,"returns_yearly":{"2025":25.6,"2026":105.7}},{"slug":"wiwynn","name":"Wiwynn","name_en":"Wiwynn","tier":2,"returns_yearly":{"2021":24.7,"2022":-22.3,"2023":206.4,"2024":3.5,"2025":64.4,"2026":92.3}},{"slug":"corning","name":"Corning","name_en":"Corning","tier":2,"returns_yearly":{"2021":5.9,"2022":-11.6,"2023":-1.2,"2024":60.6,"2025":87.8,"2026":77.2}},{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":2,"returns_yearly":{"2025":99,"2026":54}},{"slug":"occidental-petroleum","name":"옥시덴탈 페트롤리엄","name_en":"Occidental Petroleum","tier":2,"returns_yearly":{"2021":67.7,"2022":119.1,"2023":-4.1,"2024":-15.9,"2025":-14.9,"2026":48.2}},{"slug":"arista","name":"Arista Networks","name_en":"Arista Networks","tier":2,"returns_yearly":{"2021":97.9,"2022":-15.6,"2023":94.1,"2024":87.7,"2025":18.5,"2026":47.9}},{"slug":"caterpillar","name":"Caterpillar","name_en":"Caterpillar","tier":2,"returns_yearly":{"2021":16,"2022":18.6,"2023":25.9,"2024":24.7,"2025":60.3,"2026":40.6}},{"slug":"alchip","name":"알칩","name_en":"Alchip Technologies","tier":2,"returns_yearly":{"2021":14.3,"2022":-8.7,"2023":365.1,"2024":-18.9,"2025":0.8,"2026":40.1}},{"slug":"fedex","name":"페덱스","name_en":"FedEx","tier":2,"returns_yearly":{"2021":0.7,"2022":-31.6,"2023":49.1,"2024":13.5,"2025":5.1,"2026":39.6}},{"slug":"ciena","name":"Ciena","name_en":"Ciena","tier":2,"returns_yearly":{"2021":45.6,"2022":-33.8,"2023":-11.7,"2024":88.4,"2025":175.8,"2026":37.3}},{"slug":"globalstar","name":"글로벌스타","name_en":"Globalstar","tier":2,"returns_yearly":{"2021":241.2,"2022":14.7,"2023":45.9,"2024":6.7,"2025":96.6,"2026":37.3}},{"slug":"jabil","name":"자빌","name_en":"Jabil","tier":2,"returns_yearly":{"2021":66.4,"2022":-2.5,"2023":87.4,"2024":13.3,"2025":58.7,"2026":36.3}},{"slug":"eaton","name":"Eaton","name_en":"Eaton","tier":2,"returns_yearly":{"2021":46.7,"2022":-7.2,"2023":56.2,"2024":39.5,"2025":-2.8,"2026":36}},{"slug":"digital-realty","name":"Digital Realty","name_en":"Digital Realty","tier":2,"returns_yearly":{"2021":30.7,"2022":-41,"2023":39.9,"2024":35.9,"2025":-10.1,"2026":23.4}},{"slug":"celestica","name":"Celestica","name_en":"Celestica","tier":2,"returns_yearly":{"2021":37.9,"2022":1.3,"2023":159.8,"2024":215.2,"2025":220.3,"2026":22.5}},{"slug":"quanta","name":"Quanta","name_en":"Quanta Computer","tier":2,"returns_yearly":{"2021":22.2,"2022":-12.8,"2023":254.5,"2024":12.7,"2025":8.9,"2026":21.2}},{"slug":"credo","name":"크레도","name_en":"Credo Technology","tier":2,"returns_yearly":{"2023":46.3,"2024":245.2,"2025":114.1,"2026":18.5}},{"slug":"abb","name":"ABB","name_en":"ABB","tier":2,"returns_yearly":{"2021":23.9,"2022":7.3,"2023":18.9,"2024":39,"2025":36.1,"2026":18.4}},{"slug":"church-dwight","name":"처치 앤 드와이트","name_en":"Church & Dwight Co., Inc.","tier":2,"returns_yearly":{"2021":18.9,"2022":-20.4,"2023":18.7,"2024":12,"2025":-18.9,"2026":18.1}},{"slug":"foxconn","name":"Foxconn","name_en":"Foxconn (Hon Hai)","tier":2,"returns_yearly":{"2021":-5.1,"2022":2.8,"2023":7.8,"2024":80.1,"2025":26.9,"2026":16.3}},{"slug":"solventum","name":"솔벤텀","name_en":"Solventum","tier":2,"returns_yearly":{"2025":20,"2026":15.7}},{"slug":"norfolk-southern","name":"노퍽 서던","name_en":"Norfolk Southern","tier":2,"returns_yearly":{"2021":27.3,"2022":-15.6,"2023":-1.6,"2024":1.6,"2025":25.6,"2026":15.6}},{"slug":"colgate-palmolive","name":"콜게이트파몰리브","name_en":"Colgate-Palmolive Company","tier":2,"returns_yearly":{"2021":2.1,"2022":-5.4,"2023":3.8,"2024":16.6,"2025":-11,"2026":14.4}},{"slug":"entergy","name":"엔터지","name_en":"Entergy","tier":2,"returns_yearly":{"2021":17.1,"2022":3.6,"2023":-6.1,"2024":56,"2025":25.3,"2026":13.2}},{"slug":"schneider-electric","name":"Schneider Electric","name_en":"Schneider Electric","tier":2,"returns_yearly":{"2021":25.9,"2022":1.6,"2023":25.8,"2024":36.1,"2025":0.5,"2026":11.7}},{"slug":"cummins","name":"Cummins","name_en":"Cummins","tier":2,"returns_yearly":{"2021":-1.7,"2022":14.1,"2023":1.7,"2024":48.9,"2025":49.4,"2026":11}},{"slug":"united-parcel-service","name":"유나이티드 파셀 서비스","name_en":"United Parcel Service, Inc.","tier":2,"returns_yearly":{"2021":30,"2022":-16.2,"2023":-6,"2024":-15.9,"2025":-15.9,"2026":8}},{"slug":"procter-gamble","name":"Procter & Gamble","name_en":"Procter & Gamble","tier":2,"returns_yearly":{"2021":20.5,"2022":-5,"2023":-0.9,"2024":17.3,"2025":-12.3,"2026":4.5}},{"slug":"ameren","name":"아메렌","name_en":"Ameren Corporation","tier":2,"returns_yearly":{"2021":17.1,"2022":2.5,"2023":-16.1,"2024":27.5,"2025":15.3,"2026":4.5}},{"slug":"omnicom-group","name":"옴니콤 그룹","name_en":"Omnicom Group Inc.","tier":2,"returns_yearly":{"2021":21.9,"2022":15.7,"2023":9.6,"2024":2.5,"2025":-2.6,"2026":4.4}},{"slug":"talen-energy","name":"Talen Energy","name_en":"Talen Energy","tier":2,"returns_yearly":{"2024":214.8,"2025":86.1,"2026":1}},{"slug":"est-e-lauder-companies","name":"에스티 로더","name_en":"The Estée Lauder Companies Inc.","tier":2,"returns_yearly":{"2021":40,"2022":-32.3,"2023":-40.1,"2024":-47.6,"2025":42.1,"2026":0.2}},{"slug":"amorepacific","name":"아모레퍼시픽","name_en":"Amorepacific","tier":2,"returns_yearly":{"2021":-30.1,"2022":-5.7,"2023":-18.4,"2024":9.9,"2025":8.2,"2026":-1.2}},{"slug":"exelon","name":"엑셀론","name_en":"Exelon","tier":2,"returns_yearly":{"2021":41.5,"2022":8.3,"2023":-14,"2024":9.2,"2025":20,"2026":-1.5}},{"slug":"vistra","name":"Vistra","name_en":"Vistra","tier":2,"returns_yearly":{"2021":19.6,"2022":5.1,"2023":70.7,"2024":261.5,"2025":17.7,"2026":-7.2}},{"slug":"fabrinet","name":"Fabrinet","name_en":"Fabrinet","tier":2,"returns_yearly":{"2021":52.7,"2022":8.2,"2023":48.4,"2024":15.5,"2025":107.1,"2026":-10.5}},{"slug":"ionq","name":"IonQ","name_en":"IonQ","tier":2,"returns_yearly":{"2022":-79.3,"2023":259.1,"2024":237.1,"2025":7.4,"2026":-11.9}},{"slug":"abbott-laboratories","name":"애보트","name_en":"Abbott Laboratories","tier":2,"returns_yearly":{"2021":30.5,"2022":-20.7,"2023":2.3,"2024":4.8,"2025":12.9,"2026":-19}},{"slug":"qubt","name":"Quantum Computing Inc","name_en":"Quantum Computing Inc","tier":2,"returns_yearly":{"2021":-75.8,"2022":-55.7,"2023":-39.5,"2024":1712.7,"2025":-38,"2026":-27.5}},{"slug":"nike","name":"Nike","name_en":"Nike","tier":2,"returns_yearly":{"2021":18.7,"2022":-29,"2023":-6,"2024":-29.1,"2025":-13.8,"2026":-44.1}},{"slug":"d-wave","name":"D-Wave Quantum","name_en":"D-Wave Quantum","tier":2,"returns_yearly":{"2022":-85.3,"2023":-38.9,"2024":854.5,"2025":211.3,"2026":-44.3}},{"slug":"anthropic","name":"Anthropic","name_en":"Anthropic","tier":2,"returns_yearly":null},{"slug":"cerebras","name":"Cerebras","name_en":"Cerebras Systems","tier":2,"returns_yearly":null},{"slug":"arianegroup","name":"아리안그룹","name_en":"ArianeGroup","tier":2,"returns_yearly":null},{"slug":"samsung-electro-mechanics","name":"삼성전기","name_en":"Samsung Electro-Mechanics","tier":3,"returns_yearly":{"2021":-11.8,"2022":-18.5,"2023":-1.4,"2024":-2.5,"2025":110,"2026":402.2}},{"slug":"arm","name":"Arm Holdings","name_en":"Arm Holdings","tier":3,"returns_yearly":{"2024":64.2,"2025":-11.4,"2026":143.6}},{"slug":"murata","name":"Murata","name_en":"Murata Manufacturing","tier":3,"returns_yearly":{"2021":-14,"2022":-11.7,"2023":24.7,"2024":-16.5,"2025":29.9,"2026":131.5}},{"slug":"lam-research","name":"램리서치","name_en":"Lam Research","tier":3,"returns_yearly":{"2021":53.7,"2022":-40.7,"2023":88.6,"2024":-6.8,"2025":139.2,"2026":86.8}},{"slug":"sk-hynix","name":"SK하이닉스","name_en":"SK hynix","tier":3,"returns_yearly":{"2021":-0.4,"2022":-25.6,"2023":53.9,"2024":48.6,"2025":361.1,"2026":85.3}},{"slug":"illumina","name":"Illumina","name_en":"Illumina","tier":3,"returns_yearly":{"2021":2.8,"2022":-46.9,"2023":-31.1,"2024":-1.3,"2025":-1.8,"2026":66.4}},{"slug":"samsung-electronics","name":"삼성전자","name_en":"Samsung Electronics","tier":3,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":63.8}},{"slug":"delta-electronics","name":"Delta Electronics","name_en":"Delta Electronics","tier":3,"returns_yearly":{"2021":-3.4,"2022":10.4,"2023":-0.3,"2024":59.2,"2025":183.8,"2026":61.9}},{"slug":"asml","name":"ASML","name_en":"ASML","tier":3,"returns_yearly":{"2021":64.1,"2022":-30.5,"2023":39.9,"2024":-7.7,"2025":55.8,"2026":61.1}},{"slug":"tokyo-electron","name":"도쿄일렉트론","name_en":"Tokyo Electron (TEL)","tier":3,"returns_yearly":{"2021":40.4,"2022":-14.5,"2023":89.8,"2024":-4.4,"2025":61.6,"2026":57.4}},{"slug":"nucor","name":"뉴코","name_en":"Nucor Corporation","tier":3,"returns_yearly":{"2021":118.4,"2022":17.4,"2023":33.8,"2024":-32,"2025":42,"2026":54.7}},{"slug":"mda-space","name":"MDA 스페이스","name_en":"MDA Space","tier":3,"returns_yearly":{"2022":-32.6,"2023":80,"2024":156.3,"2025":-9.8,"2026":50.8}},{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":3,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":50.3}},{"slug":"sumitomo-electric","name":"Sumitomo Electric","name_en":"Sumitomo Electric","tier":3,"returns_yearly":{"2021":11.4,"2022":6.3,"2023":30.8,"2024":52.9,"2025":139,"2026":43.2}},{"slug":"wabtec","name":"웹텍","name_en":"Wabtec Corporation","tier":3,"returns_yearly":{"2021":26.5,"2022":9.1,"2023":28,"2024":50.1,"2025":13.2,"2026":34.2}},{"slug":"united-rentals","name":"유나이티드 렌탈스","name_en":"United Rentals","tier":3,"returns_yearly":{"2021":43.3,"2022":7,"2023":63.6,"2024":24,"2025":15.9,"2026":31.3}},{"slug":"amphenol","name":"Amphenol","name_en":"Amphenol","tier":3,"returns_yearly":{"2021":34.9,"2022":-12,"2023":31.5,"2024":41.3,"2025":96.1,"2026":29.8}},{"slug":"international-flavors-fragrances","name":"인터내셔널 플레이버스 앤 프래그런스","name_en":"International Flavors & Fragrances","tier":3,"returns_yearly":{"2021":41.5,"2022":-28.3,"2023":-19.5,"2024":6.3,"2025":-18.4,"2026":27.5}},{"slug":"dow","name":"다우","name_en":"Dow Inc.","tier":3,"returns_yearly":{"2021":6.8,"2022":-6.6,"2023":14.7,"2024":-22.8,"2025":-37.4,"2026":25.7}},{"slug":"williams","name":"Williams","name_en":"Williams Companies","tier":3,"returns_yearly":{"2021":38.4,"2022":32.8,"2023":11.9,"2024":62.3,"2025":14.9,"2026":25.2}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":3,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":23.2}},{"slug":"union-pacific","name":"유니언 퍼시픽","name_en":"Union Pacific Corporation","tier":3,"returns_yearly":{"2021":23.3,"2022":-15.9,"2023":21.6,"2024":-5.1,"2025":3.9,"2026":22.1}},{"slug":"sk-telecom","name":"SK텔레콤","name_en":"SK Telecom","tier":3,"returns_yearly":{"2021":7.9,"2022":-12,"2023":15.8,"2024":15.5,"2025":37.5,"2026":18}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":3,"returns_yearly":{"2026":14.6}},{"slug":"cadence","name":"Cadence Design Systems","name_en":"Cadence Design Systems","tier":3,"returns_yearly":{"2021":36.6,"2022":-13.8,"2023":69.6,"2024":10.3,"2025":4,"2026":12.9}},{"slug":"synopsys","name":"Synopsys","name_en":"Synopsys","tier":3,"returns_yearly":{"2021":42.1,"2022":-13.4,"2023":61.3,"2024":-5.7,"2025":-3.2,"2026":8.6}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":3,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":8.3}},{"slug":"nextera-energy","name":"NextEra Energy","name_en":"NextEra Energy","tier":3,"returns_yearly":{"2021":23.4,"2022":-8.5,"2023":-25.3,"2024":21.5,"2025":15.5,"2026":6.2}},{"slug":"broadcom","name":"Broadcom","name_en":"Broadcom","tier":3,"returns_yearly":{"2021":56.5,"2022":-13.3,"2023":104.2,"2024":110.5,"2025":50.6,"2026":5}},{"slug":"airbus","name":"에어버스","name_en":"Airbus","tier":3,"returns_yearly":{"2021":34.8,"2022":3.9,"2023":30.5,"2024":15,"2025":18.3,"2026":4.8}},{"slug":"blackrock","name":"BlackRock","name_en":"BlackRock","tier":3,"returns_yearly":{"2021":29.4,"2022":-20.4,"2023":17.9,"2024":29.3,"2025":6.6,"2026":2.8}},{"slug":"centerpoint-energy","name":"센터포인트 에너지","name_en":"CenterPoint Energy","tier":3,"returns_yearly":{"2021":32.4,"2022":10,"2023":-2.1,"2024":14.3,"2025":23.7,"2026":2.4}},{"slug":"siemens-energy","name":"Siemens Energy","name_en":"Siemens Energy","tier":3,"returns_yearly":{"2021":-35.4,"2022":-2.7,"2023":-27,"2024":314.2,"2025":149.9,"2026":1.8}},{"slug":"spacex","name":"스페이스X","name_en":"SpaceX","tier":3,"returns_yearly":{"2026":0.7}},{"slug":"boeing","name":"보잉","name_en":"Boeing","tier":3,"returns_yearly":{"2021":-6,"2022":-5.4,"2023":36.8,"2024":-32.1,"2025":22.7,"2026":-2.2}},{"slug":"hoya","name":"호야","name_en":"Hoya Corporation","tier":3,"returns_yearly":{"2021":10.8,"2022":-3,"2023":34.4,"2024":11.3,"2025":24.9,"2026":-2.5}},{"slug":"te-connectivity","name":"TE Connectivity","name_en":"TE Connectivity","tier":3,"returns_yearly":{"2021":35.1,"2022":-27.7,"2023":24.6,"2024":3.5,"2025":61.1,"2026":-3}},{"slug":"cameco","name":"Cameco","name_en":"Cameco","tier":3,"returns_yearly":{"2021":63.2,"2022":4.3,"2023":90.5,"2024":19.5,"2025":78.4,"2026":-3.7}},{"slug":"fanuc","name":"FANUC","name_en":"FANUC","tier":3,"returns_yearly":{"2021":-16.5,"2022":4.4,"2023":-8.1,"2024":15.6,"2025":37.7,"2026":-4.5}},{"slug":"meta","name":"메타 플랫폼스","name_en":"Meta Platforms","tier":3,"returns_yearly":{"2021":23.1,"2022":-64.2,"2023":194.1,"2024":66,"2025":13.1,"2026":-6.4}},{"slug":"workday","name":"워크데이","name_en":"Workday, Inc.","tier":3,"returns_yearly":{"2021":14,"2022":-38.7,"2023":65,"2024":-6.5,"2025":-16.8,"2026":-8.8}},{"slug":"textron","name":"텍스트론","name_en":"Textron","tier":3,"returns_yearly":{"2021":59.9,"2022":-8.2,"2023":13.7,"2024":-4.8,"2025":14.1,"2026":-9.3}},{"slug":"shopify","name":"Shopify","name_en":"Shopify","tier":3,"returns_yearly":{"2021":21.7,"2022":-74.8,"2023":124.4,"2024":36.5,"2025":51.4,"2026":-9.9}},{"slug":"phison","name":"Phison","name_en":"Phison Electronics","tier":3,"returns_yearly":{"2021":26.8,"2022":-10.7,"2023":45.1,"2024":-6.7,"2025":418.3,"2026":-12.8}},{"slug":"avio","name":"아비오","name_en":"Avio","tier":3,"returns_yearly":{"2021":-9.9,"2022":-4.7,"2023":-17.1,"2024":98.4,"2025":117,"2026":-18.3}},{"slug":"hd-hyundai-electric","name":"HD Hyundai Electric","name_en":"HD Hyundai Electric","tier":3,"returns_yearly":{"2021":4.2,"2022":132.5,"2023":159.4,"2024":300.5,"2025":120.2,"2026":-31.3}},{"slug":"rigetti","name":"Rigetti Computing","name_en":"Rigetti Computing","tier":3,"returns_yearly":{"2022":-92.9,"2023":35.1,"2024":1449.2,"2025":45.2,"2026":-31.4}},{"slug":"ubtech","name":"UBTech","name_en":"UBTech Robotics","tier":3,"returns_yearly":{"2024":-21.6,"2025":95.4,"2026":-38.8}},{"slug":"siemens-eda","name":"Siemens EDA","name_en":"Siemens EDA","tier":3,"returns_yearly":null}],"analysis":"수의진단 통합 플랫폼. 2025년 +63.6% 뒤 2026년 -20.9%로 조정됐다. 공급단(평균 +9.1%)이 본주(-20.9%)보다 앞서 있다. 지출이 아래로 번지며 공급사 쪽 탄력이 먼저 나타나는 구도다. 연결 노드 중 가장 앞선 곳은 아마존(+12%), 가장 처진 곳은 써모 피셔 사이언티픽(+6.1%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"IDEXX Laboratories, Inc. operates across Integrated veterinary diagnostics. After +63.6% in 2025, it corrected -20.9% in 2026. The supply side (avg +9.1%) leads the stock (-20.9%), with spending rippling down to suppliers first. Among connected nodes the furthest ahead is Amazon (+12%) and the furthest behind is Thermo Fisher Scientific (+6.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It relies on single-source components and testing kits, uses AWS infrastructure for cloud practice software, and acquires software assets such as Greenline Pet.","analysis_asof":"2026-09-04"},"edges":[{"direction":"revenue","counterparty":"동물병원·수의사 및 동물의학 연구기관","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-20","basis":"동물병원·수의사 및 동물의학 연구기관을 대상으로 한 CAG 부문 매출","value":3953285000,"period":"FY2025","basis_en":"CAG segment revenue from the veterinary-practice, veterinarian, and biomedical-research customer market","qualifier":null},"note":"반려동물 그룹은 동물병원과 수의사, 동물의학 연구기관에 원내 진단 장비와 소모품, 외부 검사실 서비스, 소프트웨어를 판매한다. 이 고객군을 대상으로 한 CAG 매출은 FY2025 39억5,328만5천달러였다.","note_en":"The Companion Animal Group sells in-clinic instruments and consumables, reference-laboratory services, and software to veterinary practices, veterinarians, and biomedical research organizations. CAG revenue from this customer market was $3.953285 billion in FY2025.","sources":[{"stance":"mentions","publisher":"매일경제","publisher_en":"Maeil Business Newspaper","kind":"news","lang":"ko","published_at":"2026-08-04","url":"https://www.mk.co.kr/news/stock/12116673","title":"아이덱스 래버러토리, 2분기 매출 12억1700만 달러, 전년비 10% 증가","title_en":"IDEXX Laboratories Q2 Revenue Rises 10% to $1.217 Billion","excerpt":"CAG 진단 반복 매출은 전년 대비 11% 증가했다.","excerpt_en":"CAG diagnostic recurring revenue increased 11% year over year."},{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-20","url":"https://www.sec.gov/Archives/edgar/data/874716/000087471626000038/idxx-20251231.htm","title":"아이덱스 래버러토리스 FY2025 Form 10-K","title_en":"IDEXX Laboratories, Inc. FY2025 Form 10-K","excerpt":"CAG 부문 FY2025 매출은 39억5,328만5천달러였다.","excerpt_en":"CAG segment revenue: $3,953,285 thousand."},{"stance":"mentions","publisher":"페어라이트 자산운용","publisher_en":"Fairlight Asset Management","kind":"analysis","lang":"en","published_at":"2025-03-11","url":"https://www.fairlightam.com.au/insights/idexx-laboratories","title":"아이덱스 래버러토리스","title_en":"IDEXX Laboratories","excerpt":"미국 동물병원 반려동물 진단 시장에서 아이덱스의 강한 점유율을 분석했다.","excerpt_en":"IDEXX dominates the US market for veterinary clinics."}]},{"direction":"revenue","counterparty":"수도사업자·정부 및 민간 수질검사기관","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-20","basis":"수도사업자·정부 및 민간 수질검사기관을 대상으로 한 수질 부문 매출","value":201149000,"period":"FY2025","basis_en":"Water segment revenue from water utilities, government laboratories, and private certified laboratories","qualifier":null},"note":"수도사업자와 정부 및 민간 인증 검사기관은 음용수와 공정수의 미생물 오염을 검사하기 위해 아이덱스 제품을 산다. 이 고객군에 대응하는 수질 부문 매출은 FY2025 2억114만9천달러였다.","note_en":"Water utilities, government laboratories, and private certified laboratories buy IDEXX products to test drinking and process water for microbial contamination. Revenue from the Water segment serving this customer group was $201.149 million in FY2025.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-20","url":"https://www.sec.gov/Archives/edgar/data/874716/000087471626000038/idxx-20251231.htm","title":"아이덱스 래버러토리스 FY2025 Form 10-K","title_en":"IDEXX Laboratories, Inc. FY2025 Form 10-K","excerpt":"수질 부문 FY2025 매출은 2억114만9천달러였다.","excerpt_en":"Water segment revenue: $201,149 thousand."}]},{"direction":"investment","counterparty":"Greenline Pet","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-02-21","basis":"Greenline Pet 소프트웨어 및 데이터 플랫폼 자산 인수대가, 조건부 지급액 포함","value":81100000,"period":"Acquisition completed Q1 2024","basis_en":"Consideration for Greenline Pet software and data-platform assets, including contingent consideration","qualifier":"approximate"},"note":"아이덱스는 2024년 1분기 동물병원의 쿠폰과 리베이트 업무를 지원하는 Greenline Pet 자산을 인수했다. SEC 공시는 피인수사명을 밝히지 않았지만 같은 분기 경영진 자료가 Greenline Pet을 특정했으며, 공시된 인수대가는 조건부 지급액을 포함해 약 8,110만달러다.","note_en":"IDEXX acquired Greenline Pet, a platform for veterinary-practice coupon and rebate workflows, in the first quarter of 2024. The SEC filing did not name the target, but management's same-quarter materials identified Greenline Pet; disclosed consideration was approximately $81.1 million including contingent consideration.","sources":[{"stance":"confirms","publisher":"아이덱스 투자자관계·SEC EDGAR","publisher_en":"IDEXX Investor Relations and SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-02-21","url":"https://ir.idexx.com/sec-filings/all-sec-filings/content/0000874716-25-000037/idxx-20241231.htm","title":"아이덱스 래버러토리스 FY2024 Form 10-K","title_en":"IDEXX Laboratories, Inc. FY2024 Form 10-K","excerpt":"2024년 1분기 소프트웨어·데이터 플랫폼 자산 인수대가는 약 8,110만달러였다.","excerpt_en":"for approximately $81.1 million"},{"stance":"confirms","publisher":"아이덱스 래버러토리스","publisher_en":"IDEXX Laboratories","kind":"ir","lang":"en","published_at":"2024-05-01","url":"https://www.idexx.com/files/2024-q1-prepared-remarks.pdf","title":"아이덱스 래버러토리스 2024년 1분기 실적발표 준비발언","title_en":"IDEXX Laboratories Q1 Fiscal Year 2024 Earnings Call Prepared Remarks","excerpt":"경영진은 1분기에 Greenline Pet 인수를 완료했다고 밝혔다.","excerpt_en":"The acquisition of Greenline Pet was completed in the first quarter."}]},{"direction":"cost","counterparty":"Ortho","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-20","basis":"Ortho에서 구매한 제품, 부품 및 원재료 금액","value":null,"period":"FY2025","basis_en":"Purchases of products, components, and materials from Ortho","qualifier":"confirmed_no_disclosed_value"},"note":"아이덱스는 Ortho를 제품, 부품, 원재료의 단일 공급사 사례로 두 해 연속 공시했다. 관련 품목은 진단 장비와 소모품, 축산·낙농·수질 검사 제품에 쓰이지만 공급사별 구매액은 공개되지 않았다.","note_en":"IDEXX identified Ortho in two consecutive annual filings as a sole or single-source supplier of products, components, and materials. These inputs support instruments, consumables, and livestock, dairy, and water-testing products, but vendor-specific spend was not disclosed.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-20","url":"https://www.sec.gov/Archives/edgar/data/874716/000087471626000038/idxx-20251231.htm","title":"아이덱스 래버러토리스 FY2025 Form 10-K","title_en":"IDEXX Laboratories, Inc. FY2025 Form 10-K","excerpt":"Ortho를 단일 공급사 사례로 명시했다.","excerpt_en":"single sources, such as Ortho"},{"stance":"confirms","publisher":"아이덱스 투자자관계·SEC EDGAR","publisher_en":"IDEXX Investor Relations and SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-02-21","url":"https://ir.idexx.com/sec-filings/all-sec-filings/content/0000874716-25-000037/idxx-20241231.htm","title":"아이덱스 래버러토리스 FY2024 Form 10-K","title_en":"IDEXX Laboratories, Inc. FY2024 Form 10-K","excerpt":"전년도 공시도 Ortho를 단일 공급사 사례로 들었다.","excerpt_en":"single sources, such as Ortho"}]},{"direction":"cost","counterparty":"써모 피셔 사이언티픽","counterparty_slug":"thermo-fisher-scientific","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-20","basis":"써모 피셔 사이언티픽 제조 수질검사 키트 구매액","value":null,"period":"FY2025","basis_en":"Purchases of Thermo Fisher Scientific-manufactured water-testing kits","qualifier":"confirmed_no_disclosed_value"},"note":"아이덱스는 크립토스포리디움과 지아르디아 검사 제품을 보완하기 위해 써모 피셔 사이언티픽이 제조한 일부 수질검사 키트를 유통한다. 공급사별 구매액은 공개되지 않았다.","note_en":"IDEXX distributes certain water-testing kits manufactured by Thermo Fisher Scientific to complement its Cryptosporidium and Giardia products. Vendor-specific purchasing value was not disclosed.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-20","url":"https://www.sec.gov/Archives/edgar/data/874716/000087471626000038/idxx-20251231.htm","title":"아이덱스 래버러토리스 FY2025 Form 10-K","title_en":"IDEXX Laboratories, Inc. FY2025 Form 10-K","excerpt":"써모 피셔 사이언티픽이 제조한 수질검사 키트를 유통한다고 공시했다.","excerpt_en":"water testing kits manufactured by Thermo Fisher Scientific"}]},{"direction":"cost","counterparty":"아마존","counterparty_slug":"amazon","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2025-10-22","basis":"아마존웹서비스에 지급한 클라우드 인프라 및 호스팅 비용","value":null,"period":"Subprocessor list revised 2025-10-22","basis_en":"Cloud infrastructure and hosting expense paid to Amazon Web Services","qualifier":"confirmed_no_disclosed_value"},"note":"아이덱스는 Animana, ezyVet, VetConnect Plus 등 여러 수의 소프트웨어 서비스의 클라우드 인프라와 호스팅에 아마존웹서비스를 사용한다. AWS별 지출액은 공개되지 않았다.","note_en":"IDEXX uses Amazon Web Services for cloud infrastructure and hosting across veterinary software services including Animana, ezyVet, and VetConnect Plus. AWS-specific spending was not disclosed.","sources":[{"stance":"confirms","publisher":"아이덱스 래버러토리스","publisher_en":"IDEXX Laboratories","kind":"ir","lang":"en","published_at":"2025-10-22","url":"https://www.idexx.com/en/about-idexx/terms-of-sale/dpa-subprocessors/","title":"IDEXX 데이터처리계약 하위처리자 목록","title_en":"IDEXX DPA Subprocessors","excerpt":"AWS를 클라우드 인프라와 호스팅 하위처리자로 열거했다.","excerpt_en":"AWS | Cloud infrastructure"}]}]}