Overview Financials News + Filings IR Vault Key Docs Charts Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-25-21 | Dec-26-20 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Dec-26-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Discovery and Safety Assessment | 2,447.3 | 2,107.2 | 1,837.4 | 1,619.0 | 1,316.9 | 980.0 | | 612.2 |
| Research Models and Services | 739.2 | 690.4 | 571.2 | 537.1 | 519.7 | 493.6 | | 470.4 |
| Manufacturing | 789.6 | 742.5 | 515.4 | 465.1 | 429.6 | 384.0 | | 280.7 |
| Total revenues [+] | 3,976.1 | 3,540.2 | 2,923.9 | 2,621.2 | 2,266.1 | 1,857.6 | 1,681.4 | 1,363.3 |
| Products | | | | | | | | 505.1 |
| Services | | | | | | | | 858.2 |
| Revenue growth [+] | 12.3% | 21.1% | 11.5% | 15.7% | 22.0% | 10.5% | 23.3% | 5.1% |
| Discovery and Safety Assessment | 16.1% | 14.7% | 13.5% | 22.9% | 34.4% | | | 13.7% |
| Research Models and Services | 7.1% | 20.9% | 6.3% | 3.3% | 5.3% | | | -6.6% |
| Manufacturing | 6.3% | 44.1% | 10.8% | 8.3% | 11.9% | | | 9.7% |
| Cost of goods sold [+] | 2,513.4 | 2,205.5 | 1,850.4 | 1,650.2 | 1,417.3 | 1,152.4 | 1,024.4 | 832.2 |
| Cost of product sales | | | | | | | | 264.0 |
| Cost of services | | | | | | | | 568.2 |
| Gross profit | 1,462.7 | 1,334.6 | 1,073.5 | 971.0 | 848.7 | 705.2 | 657.0 | 531.1 |
| Gross margin | 36.8% | 37.7% | 36.7% | 37.0% | 37.5% | 38.0% | 39.1% | 39.0% |
| Selling, general and administrative | 665.1 | 619.9 | 528.9 | 517.6 | 443.9 | 371.3 | 364.7 | 300.4 |
| Equity in earnings | | | | | | | | |
| Other operating expenses | 146.6 | 124.9 | 111.9 | 89.5 | 64.8 | 41.4 | 41.7 | 18.1 |
| EBITDA [+] | 954.8 | 855.4 | 667.7 | 561.9 | 501.8 | 423.7 | 377.3 | 307.5 |
| EBITDA growth | 11.6% | 28.1% | 18.8% | 12.0% | 18.4% | 12.3% | 22.7% | 12.2% |
| EBITDA margin | 24.0% | 24.2% | 22.8% | 21.4% | 22.1% | 22.8% | 22.4% | 22.6% |
| Depreciation and amortization | 157.3 | 140.7 | 123.0 | 108.6 | 96.9 | 89.8 | 85.0 | 70.7 |
| EBITA | 797.6 | 714.7 | 544.6 | 453.4 | 404.9 | 333.9 | 292.3 | 236.9 |
| EBITA margin | 20.1% | 20.2% | 18.6% | 17.3% | 17.9% | 18.0% | 17.4% | 17.4% |
| Amortization of intangibles | 146.6 | 124.9 | 111.9 | 89.5 | 64.8 | 41.4 | 41.7 | 24.2 |
| EBIT [+] | 651.0 | 589.9 | 432.7 | 363.8 | 340.1 | 292.6 | 250.6 | 212.6 |
| EBIT growth | 10.4% | 36.3% | 18.9% | 7.0% | 16.2% | 16.7% | 17.9% | 19.7% |
| EBIT margin | 16.4% | 16.7% | 14.8% | 13.9% | 15.0% | 15.7% | 14.9% | 15.6% |
| Non-recurring items | | | | 12.7 | 8.7 | 4.3 | 13.1 | 6.2 |
| Interest expense, net [+] | 58.5 | 73.3 | 85.6 | 59.4 | 63.0 | 29.1 | 26.4 | 14.0 |
| Interest expense | 59.3 | 73.9 | 86.4 | 60.9 | 63.8 | 29.8 | 27.7 | 15.1 |
| Interest income | 0.8 | 0.7 | 0.8 | 1.5 | 0.8 | 0.7 | 1.3 | 1.0 |
| Other income (expense), net | 30.5 | -35.9 | 100.0 | 12.3 | 13.3 | 37.8 | 11.8 | 3.0 |
| Pre-tax income | 623.0 | 480.7 | 447.1 | 304.1 | 281.7 | 297.0 | 222.9 | 195.4 |
| Income taxes | 130.4 | 81.9 | 81.8 | 50.0 | 54.5 | 171.4 | 66.8 | 43.4 |
| Tax rate | 20.9% | 17.0% | 18.3% | 16.5% | 19.3% | 57.7% | 30.0% | 22.2% |
| Minority interest | 6.4 | 7.9 | 1.0 | 2.0 | 2.4 | 2.1 | 1.6 | 1.8 |
| Earnings from continuing ops | 486.2 | 391.0 | 364.3 | 252.0 | 224.9 | 249.1 | 154.5 | 302.3 |
| Earnings from discontinued ops | | | | | 1.5 | -0.1 | 0.3 | -1.0 |
| Net income | 486.2 | 391.0 | 364.3 | 252.0 | 226.4 | 248.9 | 154.8 | 301.4 |
| Net margin | 12.2% | 11.0% | 12.5% | 9.6% | 10.0% | 13.4% | 9.2% | 22.1% |
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| Basic EPS [+] | $9.57 | $7.77 | $7.35 | $5.17 | $4.69 | $5.25 | $3.29 | $6.50 |
| Growth | 23.1% | 5.7% | 42.2% | 10.3% | -10.6% | 59.6% | -49.5% | 17.3% |
| Diluted EPS [+] | $9.48 | $7.60 | $7.20 | $5.07 | $4.59 | $5.13 | $3.22 | $6.35 |
| Growth | 24.7% | 5.6% | 41.9% | 10.6% | -10.6% | 59.2% | -49.2% | 16.8% |
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| Shares outstanding (basic) [+] | 50.8 | 50.3 | 49.6 | 48.7 | 47.9 | 47.5 | 47.0 | 46.5 |
| Growth | 1.0% | 1.5% | 1.7% | 1.6% | 1.0% | 1.0% | 1.1% | -0.3% |
| Shares outstanding (diluted) [+] | 51.3 | 51.4 | 50.6 | 49.7 | 49.0 | 48.6 | 48.0 | 47.6 |
| Growth | -0.2% | 1.6% | 1.8% | 1.4% | 0.9% | 1.3% | 0.7% | 0.2% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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