Agilent Technologies, Inc. (A) vs Labcorp Holdings Inc. (LH)

Agilent Technologies, Inc. and Labcorp Holdings Inc. are both Diagnostics & Research companies. Agilent Technologies, Inc. is the larger, with a market value of $48.4B against $29.5B — 1.6× the size. Labcorp Holdings Inc. trades at the lower P/E: 29.5× against 33.8×. Agilent Technologies, Inc. grew revenue faster over the last twelve months: 8.60% against 6.02%. Agilent Technologies, Inc. has the higher net margin (19.5% vs 6.88%) and the higher return on invested capital (11.1% vs 6.76%). Both pay a dividend; Labcorp Holdings Inc. yields more (0.79% vs 0.59%). Across the 23 metrics below, Agilent Technologies, Inc. leads on 13 and Labcorp Holdings Inc. on 10.

Valuation

Metric A LH Diagnostics & Research median
P/E 33.77 29.53 34.52
P/S 6.58 2.01 4.24
P/B 6.58 3.32 3.42
Price to free cash flow 38.20 25.40 33.51
EV/EBITDA 26.37 15.61 23.44
EV/Sales 6.83 2.36 5.18
Earnings yield 2.96% 3.39% (1.50%)
Free cash flow yield 2.62% 3.94% 0.00%

Profitability

Metric A LH Diagnostics & Research median
Gross margin 53.83% 28.96% 48.32%
Operating margin 22.23% 10.29% (5.68%)
Net margin 19.53% 6.88% (4.10%)
Free cash flow margin 17.19% 8.87% 0.00%
Return on equity 20.97% 11.45% 0.00%
Return on assets 11.00% 5.40% (6.05%)
Return on invested capital 11.07% 6.76% 0.00%

Growth

Metric A LH Diagnostics & Research median
Revenue growth (TTM) 8.60% 6.02% 8.99%
EPS growth (last fiscal year) 3.16% 18.33% 20.36%
Revenue growth, 5-year CAGR 5.41% (0.04%) 7.30%
Net income growth, 5-year CAGR 12.63% (10.85%) 0.00%

Health

Metric A LH Diagnostics & Research median
Debt to equity 0.50 0.60 0.01
Current ratio 2.05 1.41 2.27
Net debt to EBITDA 0.71 2.23 0.68

Dividend

Metric A LH Diagnostics & Research median
Dividend yield 0.59% 0.79% 0.67%
Payout ratio 0.20 0.24 0.20

Size

Metric A LH Diagnostics & Research median
Market cap 48.43b 29.50b 2.22b

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