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Friday 6 November 2026 Export LH’s income statement to Excel — free account

Labcorp Holdings Inc.

LH Healthcare Diagnostics & Research

Labcorp Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.0 billion, up 7.25% from fiscal 2024.

Revenue
+6.92%
EPS
+3.18%
Free cash flow
+44.7%
Total debt
+3.21%

Quarter to September 2026, against a year earlier

362.28 5.51 −1.50%
Market cap
$29.5B
P/E
29.5×
Fwd P/E
26.7×
Dividend yield
0.79%
F-score
8/9
Altman Z
3.02
Beneish M
−2.55
Dividend safety
74/100
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Labcorp Holdings Inc. (LH) Gross margin

Alert me on Gross margin

Labcorp Holdings Inc.'s gross margin over the twelve months to 30 September 2026 was 29.0%, up 0.2 percentage points from fiscal 2025 (28.8%). Over the past ten years it has ranged from 27.7% (fiscal 2023) to 38.0% (fiscal 2021); the current reading is higher than 45% of that period. That is below the Diagnostics & Research industry median of 48.3% and below the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 28.8% 0.90
FY2024 27.9% 0.19
FY2023 27.7% (3.59)
FY2022 31.3% (6.75)
FY2021 38.0% 2.58
FY2020 35.4% 7.28
FY2019 28.2% 0.12
FY2018 28.0% (1.96)
FY2017 30.0% 0.11
FY2016 29.9% (3.57)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 29.1% (0.72)
Jun 2026 29.8% 1.14
Mar 2026 28.7% 0.41
Dec 2025 28.3% (0.52)
43 more quarters

Against its own ten years

Low 27.7% High 38.0%
Ten-year median 29.9%
Current reading's percentile 53

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 60.3%
A Agilent Technologies, Inc. compare 53.8%
WAT Waters Corporation compare 49.5%
DGX Quest Diagnostics Incorporated compare 33.1%
IQV IQVIA Holdings Inc. compare 33.1%
LH Labcorp Holdings Inc. 29.0%
Diagnostics & Research industry median 48.3%
Healthcare sector median 53.9%
Market median 45.1%

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

The full definition of Gross margin →

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