Quest Diagnostics

Health Care Health Care Services Secaucus, New Jersey Last filing Feb 26, 2026 · FY2025

                    Revenue
                    FY2025
                
$11.0B
                    3y CAGR +3.7%
                    
                    P41
                    
                    +11.8%
                    
                    Net income
                    FY2025
                
$992.0M
                    Net margin +9.0%
                    
                    P43
                    
                    +13.9%
                    
                    Total assets
                    FY2025
                
$16.2B
                    ROA +6.1%
                    
                    P53
                    
                    +0.4%
                    
                    Operating cash flow
                    FY2025
                
$1.9B
                    FCF margin +12.3%
                    
                    P37
                    
                    +41.4%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

30 accounts · 3 years

Total assets $16.2B

Total liabilities $2.3B

Shareholders equity $7.2B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	2.6%	3.4%	4.9%
Accounts Receivable	8.7%	8.1%	8.6%
Inventory	1.2%	1.2%	1.4%
Prepaid Expenses	2.2%	2.2%	2.0%
Total Current Assets	14.7%	14.8%	16.9%
Property,Plant and Equipment	13.6%	13.1%	13.0%
Operating Lease Assets	4.0%	4.0%	4.3%
Goodwill	55.1%	54.8%	55.1%
Intangible Assets	10.1%	10.9%	8.3%
Long Term Investments	0.8%	0.0%	0.0%
Other Noncurrent Assets	1.7%	1.6%	1.4%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	9.9%	1.8%	2.7%
Accrued Liabilities	0.0%	1.9%	2.0%
Current Portion of Long Term Debt	3.1%	3.7%	2.2%
Operating Lease Liabilities	1.1%	1.1%	1.1%
Other Current Liabilities	5.9%	5.8%	6.2%
Total Current Liabilities	14.0%	13.4%	12.9%
Long Term Debt	0.0%	34.8%	31.5%
Operating Lease Liabilities Noncurrent	3.3%	3.3%	3.6%
Other Noncurrent Liabilities	5.9%	5.8%	6.2%
Total Liabilities	14.0%	13.4%	12.9%
Equity
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	14.7%	14.6%	16.5%
Retained Earnings	61.6%	57.9%	62.9%
Treasury Stock	31.9%	30.1%	34.4%
Accumulated Other Comprehensive Income	-0.2%	-0.5%	-0.1%
Noncontrolling Interest	0.2%	0.2%	0.2%
Total Stockholders Equity	44.2%	42.0%	45.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

18 accounts · 3 years

Revenue $11.0B

Operating income $1.6B

Net income $992.0M

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	68.0%	61.1%	66.0%
Expenses Cost of Revenue	45.4%	41.0%	44.2%
Expenses Selling,General and Administrative	12.1%	11.0%	11.7%
Expenses Depreciation and Amortization	3.5%	3.1%	3.1%
Expenses Share Based Compensation	0.5%	0.5%	0.5%
Expenses Operating Expenses	58.4%	52.8%	57.0%
Other Income Expense Operating Income	9.6%	8.3%	9.0%
Other Income Expense Interest Income	0.1%	0.2%	0.1%
Other Income Expense Interest Expense	0.0%	0.0%	1.2%
Other Income Expense Other Income/expense	0.2%	0.2%	0.1%
Other Income Expense Income Before Tax	8.1%	7.3%	8.1%
Income Tax Income Tax Expense	1.9%	1.7%	1.8%
net Income net Income	6.1%	5.4%	6.1%
net Income Comprehensive Income	6.5%	4.9%	6.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.7%	0.7%	0.8%
Earnings Per Share Weighted Average Shares Diluted	0.7%	0.7%	0.8%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 3 years

Operating cash flow $1.9B

Investing cash flow $-631.0M

Financing cash flow $-1.4B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	6.1%	5.4%	6.1%
Operating Activities Depreciation and Amortization	3.5%	3.1%	3.1%
Operating Activities Stock Based Compensation	0.5%	0.5%	0.5%
Operating Activities Deferred Income Taxes	0.6%	0.1%	-0.3%
Operating Activities Changes In Operating Assets and Liabilities	0.7%	0.4%	0.1%
Operating Activities net Cash From Operating Activities	11.6%	8.3%	9.1%
Investing Activities Capital Expenditures	3.2%	2.6%	2.9%
Investing Activities Business Acquisitions	0.6%	13.4%	4.4%
Investing Activities Other Investing Activities	0.0%	-0.3%	0.3%
Investing Activities net Cash From Investing Activities	-3.9%	-15.8%	-7.6%
Financing Activities Proceeds From Debt	2.5%	11.4%	18.5%
Financing Activities Repayment of Debt	6.2%	1.9%	13.2%
Financing Activities Repurchase of Common Stock	2.8%	0.9%	2.0%
Financing Activities Dividends Paid	2.2%	2.0%	2.2%
Financing Activities Proceeds From Stock Issuance	0.5%	0.5%	0.5%
Financing Activities Tax Withholding On Stock Based Compensation	0.3%	0.1%	0.2%
Financing Activities Other Financing Activities	0.2%	0.1%	0.1%
Financing Activities net Cash From Financing Activities	-8.6%	6.7%	1.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.0%	0.0%
Cash Reconciliation net Change In Cash	-0.8%	-0.8%	2.6%
Cash Reconciliation Cash At Beginning of Period	2.6%	3.4%	4.9%
Cash Reconciliation Cash At End of Period	2.6%	3.4%	4.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+33.2%	+32.9%	+33.0%
Operating margin	+14.1%	+13.6%	+13.6%
Net margin	+9.0%	+8.8%	+9.2%
FCF margin	+12.3%	+9.2%	+9.3%
Growth
Revenue CAGR (3y)	+3.7%	-2.9%	-0.7%
Returns
ROE	+13.8%	+12.9%	+13.5%
ROA	+6.1%	+5.4%	+6.1%
ROIC	+16.3%	+8.3%	+9.5%
Liquidity
Current ratio	1.04x	1.10x	1.31x
Quick ratio	0.80x	0.85x	1.04x
Leverage
D/E	0.32x	0.32x	0.29x
Interest coverage	778.00x	1346.00x	7.74x
Efficiency
Asset turnover	0.68x	0.61x	0.66x
Cash conversion cycle	-23d	+43d	+37d

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Quest Diagnostics

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