stockrowQuest Diagnostics Incorporated
DGX Healthcare Diagnostics & Research
Quest Diagnostics Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $11.0 billion, up 11.8% from fiscal 2024.
- Revenue
- +9.98%
- EPS
- +29.4%
- Free cash flow
- +6.21%
- Total debt
- −2.20%
Quarter to September 2026, against a year earlier
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Quest Diagnostics Incorporated (DGX) Gross margin
Quest Diagnostics Incorporated's gross margin over the twelve months to 30 September 2026 was 33.1%, down 0.1 percentage points from fiscal 2025 (33.2%). Over the past ten years it has ranged from 32.9% (fiscal 2024) to 39.0% (fiscal 2021); the current reading is higher than 27% of that period. That is below the Diagnostics & Research industry median of 48.3% and below the Healthcare sector median of 54.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 33.2% | 0.35 |
| FY2024 | 32.9% | (0.14) |
| FY2023 | 33.0% | (1.74) |
| FY2022 | 34.7% | (4.28) |
| FY2021 | 39.0% | 0.52 |
| FY2020 | 38.5% | 3.70 |
| FY2019 | 34.8% | 0.21 |
| FY2018 | 34.6% | (1.66) |
| FY2017 | 36.3% | 0.24 |
| FY2016 | 36.0% | (1.84) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 33.7% | (0.10) |
| Jun 2026 | 33.8% | 1.21 |
| Mar 2026 | 32.5% | 0.11 |
| Dec 2025 | 32.4% | (1.27) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| MEDP Medpace Holdings, Inc. compare | 72.2% |
| ILMN Illumina, Inc. compare | 67.9% |
| GH Guardant Health, Inc. compare | 65.2% |
| MTD Mettler-Toledo International, Inc. compare | 60.4% |
| RVTY Revvity Inc. compare | 55.9% |
| WAT Waters Corporation compare | 49.5% |
| DGX Quest Diagnostics Incorporated | 33.1% |
| IQV IQVIA Holdings Inc. compare | 33.1% |
| LH Labcorp Holdings Inc. compare | 29.0% |
| Diagnostics & Research industry median | 48.3% |
| Healthcare sector median | 54.5% |
| Market median | 46.0% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Free cash flow margin
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- Price to free cash flow
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