Quest 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. In the quarter to June 2026, revenue grew 10.2%, EPS grew 14.7%, free cash flow grew 5.28% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
Follow DGX
Quest Diagnostics Incorporated (DGX) Operating margin
Quest Diagnostics Incorporated's operating margin over the twelve months to 30 June 2026 was 14.1%, down 0.0 percentage points from fiscal 2025 (14.1%). Over the past ten years it has ranged from 13.6% (fiscal 2024) to 22.1% (fiscal 2021); the current reading is higher than 27% of that period. That is above the Diagnostics & Research industry median of −8.57% and above the Healthcare sector median of 0.00%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 14.1% | 0.47 |
| FY2024 | 13.6% | (0.01) |
| FY2023 | 13.6% | (0.81) |
| FY2022 | 14.5% | (7.62) |
| FY2021 | 22.1% | 1.18 |
| FY2020 | 20.9% | 4.96 |
| FY2019 | 15.9% | 1.31 |
| FY2018 | 14.6% | (1.12) |
| FY2017 | 15.7% | (1.96) |
| FY2016 | 17.7% | (0.97) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 15.1% | 1.30 |
| Mar 2026 | 13.8% | 0.02 |
| Dec 2025 | 13.8% | 0.05 |
| Sep 2025 | 13.7% | (2.15) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| IDXX IDEXX Laboratories, Inc. compare | 32.0% |
| MTD Mettler-Toledo International, Inc. compare | 28.4% |
| MEDP Medpace Holdings, Inc. compare | 21.0% |
| ILMN Illumina, Inc. compare | 19.7% |
| DGX Quest Diagnostics Incorporated | 14.1% |
| RVTY Revvity Inc. compare | 12.3% |
| LH Labcorp Holdings Inc. compare | 10.4% |
| WAT Waters Corporation compare | 7.10% |
| GH Guardant Health, Inc. compare | −39.8% |
| Diagnostics & Research industry median | −8.57% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on DGX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement