Quest Diagnostics Incorporated (DGX) vs ICON PLC (ICLR)

Quest Diagnostics Incorporated and ICON PLC are both Diagnostics & Research companies. Quest Diagnostics Incorporated is the larger, with a market value of $26.4B against $13.5B — 2.0× the size. Quest Diagnostics Incorporated trades at the lower P/E: 24.6× against 254×. Quest Diagnostics Incorporated grew revenue faster over the last twelve months: 9.87% against 3.26%. Quest Diagnostics Incorporated has the higher net margin (9.15% vs 0.51%) and the higher return on invested capital (7.94% vs 1.57%). Across the 22 metrics below, Quest Diagnostics Incorporated leads on 15 and ICON PLC on 7.

Valuation

Metric DGX ICLR Diagnostics & Research median
P/E 24.63 254.23 35.56
P/S 2.26 1.58 4.37
P/B 3.34 1.39 3.06
Price to free cash flow 19.34 14.80 35.76
EV/EBITDA 14.07 23.30 24.35
EV/Sales 2.69 1.87 5.51
Earnings yield 4.06% 0.39% (1.89%)
Free cash flow yield 5.17% 6.76% (0.15%)

Profitability

Metric DGX ICLR Diagnostics & Research median
Gross margin 33.11% 23.91% 50.89%
Operating margin 14.10% 3.57% (8.57%)
Net margin 9.15% 0.51% (6.37%)
Free cash flow margin 11.67% 10.66% 0.00%
Return on equity 14.03% 0.45% (2.92%)
Return on assets 6.43% 0.26% (6.71%)
Return on invested capital 7.94% 1.57% 0.00%

Growth

Metric DGX ICLR Diagnostics & Research median
Revenue growth (TTM) 9.87% 3.26% 7.69%
EPS growth (last fiscal year) 13.78% (69.57%) 25.92%
Revenue growth, 5-year CAGR 3.18% 24.15% 7.40%
Net income growth, 5-year CAGR (7.06%) (7.15%) 0.00%

Health

Metric DGX ICLR Diagnostics & Research median
Debt to equity 0.72 0.36 0.11
Current ratio 1.59 0.95 2.02
Net debt to EBITDA 2.47 3.34 0.70

Dividend

Metric DGX ICLR Diagnostics & Research median
Dividend yield 1.44% — 0.66%
Payout ratio 0.36 — 0.20

Size

Metric DGX ICLR Diagnostics & Research median
Market cap 26.40b 13.51b 2.16b

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