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

Labcorp Holdings Inc. (LH) Operating margin

Alert me on Operating margin

Labcorp Holdings Inc.'s operating margin over the twelve months to 30 September 2026 was 10.3%, up 0.4 percentage points from fiscal 2025 (9.92%). Over the past ten years it has ranged from 5.97% (fiscal 2023) to 23.2% (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 9.92% 1.57
FY2024 8.35% 2.38
FY2023 5.97% (6.14)
FY2022 12.1% (11.10)
FY2021 23.2% 5.72
FY2020 17.5% 5.98
FY2019 11.5% (0.19)
FY2018 11.7% (0.96)
FY2017 12.7% (0.64)
FY2016 13.3% 1.82

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 10.6% (1.55)
Jun 2026 12.1% 1.34
Mar 2026 10.8% 3.15
Dec 2025 7.61% (3.52)
43 more quarters

Against its own ten years

Low 5.97% High 23.2%
Ten-year median 11.7%
Current reading's percentile 37

Operating margin against peers

Company Operating margin
MTD Mettler-Toledo International, Inc. compare 28.4%
A Agilent Technologies, Inc. compare 22.2%
MEDP Medpace Holdings, Inc. compare 21.4%
ILMN Illumina, Inc. compare 21.2%
DGX Quest Diagnostics Incorporated compare 14.6%
IQV IQVIA Holdings Inc. compare 12.8%
LH Labcorp Holdings Inc. 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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