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 revenue.

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	3.8%	5.6%	7.4%
Accounts Receivable	12.8%	13.2%	13.1%
Inventory	1.7%	1.9%	2.1%
Prepaid Expenses	3.3%	3.6%	3.1%
Total Current Assets	21.5%	24.2%	25.6%
Property,Plant and Equipment	20.0%	21.4%	19.6%
Operating Lease Assets	6.0%	6.6%	6.5%
Goodwill	81.1%	89.7%	83.6%
Intangible Assets	14.8%	17.9%	12.6%
Long Term Investments	1.2%	0.0%	0.0%
Other Noncurrent Assets	2.4%	2.6%	2.1%
Total Assets	147.0%	163.6%	151.6%
Liabilities
Accounts Payable	14.5%	2.9%	4.1%
Accrued Liabilities	0.0%	3.1%	3.1%
Current Portion of Long Term Debt	4.6%	6.1%	3.3%
Operating Lease Liabilities	1.6%	1.8%	1.7%
Other Current Liabilities	8.7%	9.5%	9.5%
Total Current Liabilities	20.6%	22.0%	19.6%
Long Term Debt	0.0%	56.9%	47.7%
Operating Lease Liabilities Noncurrent	4.9%	5.4%	5.4%
Other Noncurrent Liabilities	8.7%	9.5%	9.5%
Total Liabilities	20.6%	22.0%	19.6%
Equity
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	21.6%	23.9%	25.1%
Retained Earnings	90.6%	94.8%	95.4%
Treasury Stock	46.9%	49.2%	52.2%
Accumulated Other Comprehensive Income	-0.2%	-0.9%	-0.2%
Noncontrolling Interest	0.3%	0.4%	0.4%
Total Stockholders Equity	65.0%	68.7%	68.2%
Total Liabilitiesand Equity	147.0%	163.6%	151.6%

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	100.0%	100.0%	100.0%
Expenses Cost of Revenue	66.8%	67.1%	67.0%
Expenses Selling,General and Administrative	17.8%	17.9%	17.7%
Expenses Depreciation and Amortization	5.2%	5.0%	4.7%
Expenses Share Based Compensation	0.8%	0.9%	0.8%
Expenses Operating Expenses	85.9%	86.4%	86.4%
Other Income Expense Operating Income	14.1%	13.6%	13.6%
Other Income Expense Interest Income	0.1%	0.3%	0.1%
Other Income Expense Interest Expense	0.0%	0.0%	1.8%
Other Income Expense Other Income/expense	0.2%	0.3%	0.2%
Other Income Expense Income Before Tax	11.9%	11.9%	12.2%
Income Tax Income Tax Expense	2.8%	2.8%	2.7%
net Income net Income	9.0%	8.8%	9.2%
net Income Comprehensive Income	9.5%	8.1%	9.3%
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	1.0%	1.1%	1.2%
Earnings Per Share Weighted Average Shares Diluted	1.0%	1.1%	1.2%

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	9.0%	8.8%	9.2%
Operating Activities Depreciation and Amortization	5.2%	5.0%	4.7%
Operating Activities Stock Based Compensation	0.8%	0.9%	0.8%
Operating Activities Deferred Income Taxes	1.0%	0.1%	-0.5%
Operating Activities Changes In Operating Assets and Liabilities	1.0%	0.7%	0.2%
Operating Activities net Cash From Operating Activities	17.1%	13.5%	13.7%
Investing Activities Capital Expenditures	4.8%	4.3%	4.4%
Investing Activities Business Acquisitions	0.9%	21.9%	6.6%
Investing Activities Other Investing Activities	0.0%	-0.4%	0.5%
Investing Activities net Cash From Investing Activities	-5.7%	-25.8%	-11.5%
Financing Activities Proceeds From Debt	3.7%	18.7%	28.0%
Financing Activities Repayment of Debt	9.2%	3.1%	19.9%
Financing Activities Repurchase of Common Stock	4.1%	1.5%	3.0%
Financing Activities Dividends Paid	3.2%	3.4%	3.4%
Financing Activities Proceeds From Stock Issuance	0.7%	0.7%	0.8%
Financing Activities Tax Withholding On Stock Based Compensation	0.4%	0.2%	0.3%
Financing Activities Other Financing Activities	0.4%	0.2%	0.2%
Financing Activities net Cash From Financing Activities	-12.6%	11.0%	1.7%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.1%	0.0%
Cash Reconciliation net Change In Cash	-1.2%	-1.4%	4.0%
Cash Reconciliation Cash At Beginning of Period	3.8%	5.6%	7.4%
Cash Reconciliation Cash At End of Period	3.8%	5.6%	7.4%

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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