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.

Revenue
+9.98%
EPS
+29.4%
Free cash flow
+6.21%
Total debt
−2.20%

Quarter to September 2026, against a year earlier

256.72 1.98 +0.78%
Market cap
$28.0B
P/E
25.0×
Fwd P/E
24.4×
Dividend yield
1.33%
F-score
8/9
Altman Z
3.15
Beneish M
−2.65
Dividend safety
85/100

Quest Diagnostics Incorporated (DGX) Operating margin

Alert me on Operating margin

Quest Diagnostics Incorporated's operating margin over the twelve months to 30 September 2026 was 14.6%, up 0.4 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 −5.68% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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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)
Sep 2026 15.5% 0.39
Jun 2026 15.1% 1.30
Mar 2026 13.8% 0.02
Dec 2025 13.8% 0.05
43 more quarters

Against its own ten years

Low 13.6% High 22.1%
Ten-year median 15.7%
Current reading's percentile 44

Operating margin against peers

Company Operating margin
MTD Mettler-Toledo International, Inc. compare 28.4%
MEDP Medpace Holdings, Inc. compare 21.4%
ILMN Illumina, Inc. compare 21.2%
DGX Quest Diagnostics Incorporated 14.6%
IQV IQVIA Holdings Inc. compare 12.8%
RVTY Revvity Inc. compare 12.7%
LH Labcorp Holdings Inc. compare 10.3%
WAT Waters Corporation compare 4.73%
GH Guardant Health, Inc. compare −39.4%
Diagnostics & Research industry median −5.68%
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

The full definition of Operating margin →

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