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 $49.5B against $26.4B — 1.9× the size. Labcorp Holdings Inc. trades at the lower P/E: 26.2× against 34.0×. Agilent Technologies, Inc. grew revenue faster over the last twelve months: 8.60% against 6.41%. Agilent Technologies, Inc. has the higher net margin (19.5% vs 6.99%) and the higher return on invested capital (11.1% vs 6.50%). Both pay a dividend; Labcorp Holdings Inc. yields more (0.90% 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 33.98 26.18 35.56
P/S 6.62 1.81 4.37
P/B 6.62 3.02 3.06
Price to free cash flow 38.44 25.22 35.76
EV/EBITDA 26.52 14.51 24.35
EV/Sales 6.87 2.22 5.51
Earnings yield 2.94% 3.82% (1.89%)
Free cash flow yield 2.60% 3.97% (0.15%)

Profitability

Metric A LH Diagnostics & Research median
Gross margin 53.83% 28.88% 50.89%
Operating margin 22.23% 10.43% (8.57%)
Net margin 19.53% 6.99% (6.37%)
Free cash flow margin 17.19% 8.16% 0.00%
Return on equity 20.97% 11.74% (2.92%)
Return on assets 11.00% 5.48% (6.71%)
Return on invested capital 11.07% 6.50% 0.00%

Growth

Metric A LH Diagnostics & Research median
Revenue growth (TTM) 8.60% 6.41% 7.69%
EPS growth (last fiscal year) 3.16% 18.33% 25.92%
Revenue growth, 5-year CAGR 5.41% (0.04%) 7.40%
Net income growth, 5-year CAGR 12.63% (10.85%) 0.00%

Health

Metric A LH Diagnostics & Research median
Debt to equity 0.50 0.69 0.11
Current ratio 2.05 1.80 2.02
Net debt to EBITDA 0.71 2.23 0.70

Dividend

Metric A LH Diagnostics & Research median
Dividend yield 0.59% 0.90% 0.66%
Payout ratio 0.20 0.24 0.20

Size

Metric A LH Diagnostics & Research median
Market cap 49.49b 26.36b 2.16b

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