Labcorp Holdings Inc. (LH)

Labcorp Holdings Inc. provides laboratory services. It operates in Diagnostics Laboratories and Biopharma Laboratory Services segments. The company offers various tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, PAP tests, hemoglobin A1C, PSA, tests for sexually transmitted diseases, vitamin D testing, microbiology cultures and procedures, and alcohol and other substance abuse tests. It also provides specialty testing services comprising gene-based and esoteric testing; advanced tests target specific diseases; services related to anatomic pathology/oncology, cardiovascular disease, coagulation, diagnostic genetics, endocrinology, infectious disease, women's health, pharmacogenetics, parentage and donor testing, occupational testing service, medical drug monitoring services, chronic disease programs, and kidney stone prevention tests; and health and wellness services to employers and managed care organizations. In addition, it offers digital pathology solutions, a pathology platforms that support the digitization, centralized review, and sharing of pathology slides; provider and payer digital platforms, an online applications for providers, MCOs, and ACOs; online and mobile applications that enable patients to check offerings, schedule PSC visits, check-in upon PSC arrival, complete documentation, access tests and test results, and manage their accounts; and Generative AI enabled Test Selection, a generative AI enabled tool. It serves clients, third party, medicare/medicaid, patients, pharmaceutical, biotechnology, medical device, diagnostic companies, and CROs. It has a strategic collaboration with the Children's Hospital of Philadelphia to accelerate the discovery, development, and availability of pediatric diagnostics; a strategic alliance with the National Association of Community Health Centers to support current and emerging clinical leaders through the NACHC Leadership Exchange for Chief Medical Officers; and Alliance for Clinical Trials in Oncology to advance national clinical trial for patients diagnosed with colorectal cancer. The company was founded in 1995 and is headquartered in Burlington, North Carolina.

Symbol
LH
Exchange
NYSE
Sector
Healthcare
Industry
Diagnostics & Research
Market cap
$24.96B
52 week range
244.52 - 341.8

Valuation

Share price
$308.49 (close of 2026-10-02)
P/E (TTM)
25.33x
Price to book
2.90x
Price to free cash flow
21.60x
Enterprise value
$31.58B
Book value per share
$106.39

Price performance

PeriodChange
1 day+1.28%
5 days-0.37%
1 month-6.99%
3 months+7.50%
6 months+12.70%
Year to date+22.96%
1 year+10.40%
3 years+54.59%
5 years+28.48%
10 years+161.19%
All time+1148.95%

Members of Congress who disclosed LH trades

April McClain Delaney · Robert Bresnahan · Alan Armstrong · Gilbert Ray Cisneros

Super investors holding LH

John Rogers (Ariel Investments LLC) · Wallace Weitz (Weitz Investment Management) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
10.17%
Return on invested capital
7.90%
Return on assets
4.77%
Return on capital employed
8.89%
Gross margin
28.76%
Net margin
6.28%
EBITDA margin
14.81%
Revenue growth
7.25%
Net income growth
17.49%
Free cash flow growth
10.05%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.63%
Current ratio
1.80x
Net debt to EBITDA
3.07x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$13.95B
Cost of revenue
$9.94B
Gross profit
$4.01B
EBITDA
$2.07B
Net income
$876.50M
Earnings per share
$10.54
Interest expense
$224.10M
Shares outstanding
83.20M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$13.95B$4.01B$876.50M$10.54
2024-12-31$13.01B$3.62B$746.00M$8.89
2023-12-31$12.16B$3.36B$418.00M$4.80
2022-12-31$11.86B$3.71B$1.28B$14.05
2021-12-31$13.14B$4.99B$2.38B$24.60
2020-12-31$13.98B$4.95B$1.56B$15.99
2019-12-31$11.55B$3.25B$823.80M$8.42
2018-12-31$11.33B$3.18B$883.70M$8.71
2017-12-31$10.31B$3.09B$1.23B$11.99
2016-12-31$9.55B$2.85B$711.80M$6.94

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3128.76%6.28%10.17%7.90%
2024-12-3127.86%5.73%9.26%6.33%
2023-12-3127.67%3.44%5.31%4.04%
2022-12-3131.26%10.78%12.67%7.51%
2021-12-3138.01%18.10%23.14%15.58%
2020-12-3135.43%11.13%16.49%11.99%
2019-12-3128.15%7.13%10.78%7.29%
2018-12-3128.03%7.80%12.54%7.42%
2017-12-3129.99%11.90%18.03%9.85%
2016-12-3129.88%7.45%12.90%8.32%

Cash and debt by year

Period endCashDebt
2025-12-31$532.30M$5.08B
2024-12-31$1.52B$5.33B
2023-12-31$536.80M$4.05B
2022-12-31$320.60M$5.04B
2021-12-31$1.47B$5.42B
2020-12-31$1.32B$5.42B
2019-12-31$337.50M$5.79B
2018-12-31$426.80M$5.99B
2017-12-31$316.60M$6.34B
2016-12-31$433.60M$5.30B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$1.21B$125.80M
2024-12-31$1.10B$116.70M
2023-12-31$874.10M$128.70M
2022-12-31$1.53B$116.80M
2021-12-31$2.69B$132.90M
2020-12-31$1.75B$111.70M
2019-12-31$1.04B$107.00M
2018-12-31$925.60M$91.60M
2017-12-31$1.19B$109.70M
2016-12-31$918.20M$109.60M

Dividend history

Most recent payment
2026-08-28
Paid in the last twelve months
$2.88
Payment dateDividend per share
2026-08-28$0.72
2026-05-29$0.72
2026-02-27$0.72
2025-11-26$0.72
2025-08-28$0.72
2025-05-29$0.72
2025-02-27$0.72
2024-11-26$0.72

Investor relations

Next earnings report

Next confirmed report
2026-10-28
Consensus EPS estimate
$4.65

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$4.79
2026-04-30Mar/2026$4.09
2026-02-17Dec/2025$3.95
2025-10-28Sep/2025$4.13
2025-07-24Jun/2025$4.14
2025-04-29Mar/2025$3.73
2025-02-06Dec/2024$3.40
2024-10-24Sep/2024$3.48

Filings and sources

Company website
labcorp.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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