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.
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Quest Diagnostics Incorporated (DGX) Price to free cash flow
As of 16 October 2026, Quest Diagnostics Incorporated (DGX) trades at a price to free cash flow of 19.3×. Over the past ten years it has ranged from 7.6× (June 2021) to 26.5× (December 2023); the current reading is higher than 92% of that period. That is below the Diagnostics & Research industry median of 35.8× and in line with the Healthcare sector median of 20.2×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 14.2× | (23.06%) |
| FY2024 | 18.4× | 0.92% |
| FY2023 | 18.3× | 32.75% |
| FY2022 | 13.8× | 16.36% |
| FY2021 | 11.8× | 17.45% |
| FY2020 | 10.1× | (40.72%) |
| FY2019 | 17.0× | 22.46% |
| FY2018 | 13.9× | (5.57%) |
| FY2017 | 14.7× | (6.66%) |
| FY2016 | 15.7× | (14.34%) |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 17.4× | 7.27% |
| Mar 2026 | 16.3× | 14.71% |
| Dec 2025 | 14.2× | (7.50%) |
| Sep 2025 | 15.3× | (6.78%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| GH Guardant Health, Inc. compare | n/m |
| DGX Quest Diagnostics Incorporated | 19.3× |
| MEDP Medpace Holdings, Inc. compare | 24.7× |
| LH Labcorp Holdings Inc. compare | 25.2× |
| RVTY Revvity Inc. compare | 30.1× |
| IDXX IDEXX Laboratories, Inc. compare | 35.8× |
| MTD Mettler-Toledo International, Inc. compare | 37.8× |
| ILMN Illumina, Inc. compare | 43.2× |
| WAT Waters Corporation compare | 117× |
| Diagnostics & Research industry median | 35.8× |
| Healthcare sector median | 20.2× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on DGX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- 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