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

364.18 0.88 +0.24%
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

Labcorp Holdings Inc. (LH) Net margin

Alert me on Net margin

Labcorp Holdings Inc.'s net margin over the twelve months to 30 September 2026 was 6.88%, up 0.6 percentage points from fiscal 2025 (6.28%). Over the past ten years it has ranged from 3.44% (fiscal 2023) to 18.1% (fiscal 2021); the current reading is higher than 36% of that period. That is above the Diagnostics & Research industry median of −4.10% and above the Healthcare sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 6.28% 0.55
FY2024 5.73% 2.29
FY2023 3.44% (7.34)
FY2022 10.8% (7.32)
FY2021 18.1% 6.97
FY2020 11.1% 4.00
FY2019 7.13% (0.67)
FY2018 7.80% (4.10)
FY2017 11.9% 4.45
FY2016 7.45% 2.41

Quarterly newest first

Period Net margin Change (points)
Sep 2026 6.90% (1.11)
Jun 2026 8.01% 0.16
Mar 2026 7.85% 3.17
Dec 2025 4.68% (2.65)
43 more quarters

Against its own ten years

Low 3.44% High 18.1%
Ten-year median 7.45%
Current reading's percentile 42

Net margin against peers

Company Net margin
MTD Mettler-Toledo International, Inc. compare 21.9%
ILMN Illumina, Inc. compare 19.7%
A Agilent Technologies, Inc. compare 19.5%
MEDP Medpace Holdings, Inc. compare 18.2%
DGX Quest Diagnostics Incorporated compare 9.50%
IQV IQVIA Holdings Inc. compare 8.05%
LH Labcorp Holdings Inc. 6.88%
WAT Waters Corporation compare 1.76%
GH Guardant Health, Inc. compare −37.9%
Diagnostics & Research industry median −4.10%
Healthcare sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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