Company financials

Labcorp

Health Care Health Care Services Burlington, North Carolina Last filing Feb 24, 2026 · FY2025

                    Revenue
                    FY2025
                
$14.0B
                    3y CAGR +5.6%
                    
                    P53
                    
                    +7.2%
                    
                    Net income
                    FY2025
                
$876.5M
                    Net margin +6.3%
                    
                    P30
                    
                    +17.5%
                    
                    Total assets
                    FY2025
                
$18.4B
                    ROA +4.8%
                    
                    P45
                    
                    +0.1%
                    
                    Operating cash flow
                    FY2025
                
$1.6B
                    FCF margin +8.6%
                    
                    P27
                    
                    +3.4%

19 yrs · FY2007–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

32 accounts · 5 years

Total assets $18.4B

Total liabilities $9.8B

Shareholders equity $8.6B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	2.9%	8.3%	3.2%	1.6%	7.2%
Short Term Investments	0.0%	0.0%	0.0%	0.0%	0.1%
Accounts Receivable	11.4%	10.6%	11.4%	11.0%	11.1%
Inventory	2.9%	2.7%	2.8%	2.3%	2.0%
Prepaid Expenses	3.8%	3.8%	3.9%	3.5%	2.3%
Other Current Assets	4.1%	3.5%	3.2%	2.1%	2.3%
Total Current Assets	21.9%	26.2%	22.5%	22.9%	26.1%
Property,Plant and Equipment	16.8%	16.6%	17.4%	14.7%	13.8%
Goodwill	36.9%	34.7%	36.7%	30.4%	39.0%
Intangible Assets	19.6%	19.0%	20.0%	19.6%	18.3%
Long Term Investments	1.1%	0.1%	0.2%	0.3%	0.3%
Other Noncurrent Assets	4.1%	3.5%	3.2%	2.1%	2.3%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	4.6%	4.8%	4.9%	4.6%	3.0%
Accrued Liabilities	4.6%	4.7%	4.8%	5.3%	6.9%
Deferred Revenue	2.4%	2.1%	2.5%	2.9%	2.7%
Current Portion of Long Term Debt	2.7%	—	6.0%	1.5%	0.0%
Operating Lease Liabilities	1.0%	1.0%	1.0%	0.9%	0.9%
Other Current Liabilities	3.5%	2.8%	2.4%	2.1%	2.0%
Total Current Liabilities	15.4%	18.1%	19.3%	15.3%	13.7%
Long Term Debt	27.6%	29.0%	24.2%	25.0%	26.6%
Operating Lease Liabilities Noncurrent	3.7%	3.7%	3.9%	3.4%	3.2%
Other Noncurrent Liabilities	3.5%	2.8%	2.4%	2.1%	2.0%
Total Liabilities	53.0%	56.1%	52.8%	49.8%	49.5%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	0.0%	0.0%	0.2%	0.0%	0.0%
Retained Earnings	47.0%	45.2%	47.2%	52.5%	51.3%
Treasury Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Accumulated Other Comprehensive Income	-0.2%	-1.4%	-0.4%	-2.4%	-0.9%
Total Stockholders Equity	46.9%	43.8%	47.1%	50.1%	50.4%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

18 accounts · 5 years

Revenue $14.0B

Operating income $1.4B

Net income $876.5M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	75.9%	70.8%	72.7%	58.9%	64.4%
Expenses Cost of Revenue	54.0%	51.1%	52.6%	40.5%	39.9%
Expenses Selling,General and Administrative	12.0%	12.1%	12.1%	8.7%	8.3%
Expenses Depreciation and Amortization	3.7%	3.5%	3.5%	2.7%	2.8%
Expenses Share Based Compensation	0.7%	0.6%	0.8%	0.6%	0.7%
Other Income Expense Gross Profit	21.8%	19.7%	20.1%	18.4%	24.5%
Other Income Expense Operating Income	7.5%	5.9%	4.3%	7.1%	15.0%
Other Income Expense Interest Income	0.1%	0.1%	0.2%	0.0%	0.0%
Other Income Expense Interest Expense	1.2%	1.1%	1.2%	0.9%	1.0%
Other Income Expense Other Income/expense	-0.3%	0.3%	0.1%	-0.2%	0.1%
Other Income Expense Income Before Tax	4.0%	3.4%	3.0%	5.4%	12.0%
Income Tax Income Tax Expense	1.2%	1.2%	1.1%	1.2%	3.4%
net Income net Income	4.8%	4.1%	2.5%	6.3%	11.7%
net Income Comprehensive Income	6.0%	3.0%	3.7%	4.9%	11.5%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.5%	0.5%	0.5%	0.5%	0.5%
Earnings Per Share Weighted Average Shares Diluted	0.5%	0.5%	0.5%	0.5%	0.5%

Cash Flow Statement

Operating, investing, and financing flows

24 accounts · 5 years

Operating cash flow $1.6B

Investing cash flow $-1.2B

Financing cash flow $-1.5B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	4.8%	4.1%	2.5%	6.3%	11.7%
Operating Activities Depreciation and Amortization	3.7%	3.5%	3.5%	2.7%	2.8%
Operating Activities Stock Based Compensation	0.7%	0.6%	0.8%	0.6%	0.7%
Operating Activities Deferred Income Taxes	0.5%	-0.1%	-0.5%	0.1%	-0.2%
Operating Activities Changes In Operating Assets and Liabilities	0.9%	0.9%	1.2%	0.5%	-1.1%
Operating Activities Other Non Cash Items	0.4%	0.3%	0.2%	0.1%	-0.2%
Operating Activities net Cash From Operating Activities	8.9%	8.6%	7.9%	9.7%	15.3%
Investing Activities Capital Expenditures	2.4%	2.7%	2.7%	2.1%	2.1%
Investing Activities Business Acquisitions	3.2%	4.6%	4.0%	5.8%	2.4%
Investing Activities Purchases of Investments	1.0%	0.3%	0.2%	—	—
Investing Activities Other Investing Activities	0.1%	0.0%	0.0%	0.0%	0.0%
Investing Activities net Cash From Investing Activities	-6.5%	-7.4%	-7.0%	-8.2%	-4.3%
Financing Activities Proceeds From Debt	0.0%	10.9%	0.0%	0.0%	4.9%
Financing Activities Repayment of Debt	5.4%	5.4%	1.8%	0.0%	4.9%
Financing Activities Repurchase of Common Stock	2.4%	1.4%	6.0%	5.5%	8.2%
Financing Activities Dividends Paid	1.3%	1.3%	1.5%	1.0%	—
Financing Activities Proceeds From Stock Issuance	0.0%	0.0%	0.0%	0.0%	0.0%
Financing Activities Tax Withholding On Stock Based Compensation	0.2%	0.3%	0.2%	0.3%	—
Financing Activities Other Financing Activities	-0.1%	-0.2%	-0.1%	-0.1%	-0.1%
Financing Activities net Cash From Financing Activities	-7.9%	4.2%	-0.4%	-6.6%	-10.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.1%	0.1%	-0.1%	-0.0%
Cash Reconciliation net Change In Cash	-5.4%	5.3%	0.6%	-5.2%	0.7%
Cash Reconciliation Cash At Beginning of Period	2.9%	8.3%	3.2%	1.6%	7.2%
Cash Reconciliation Cash At End of Period	2.9%	8.3%	3.2%	1.6%	7.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+28.8%	+27.9%	+27.7%	+31.3%	+38.0%
Operating margin	+9.9%	+8.4%	+6.0%	+12.1%	+23.2%
Net margin	+6.3%	+5.7%	+3.4%	+10.8%	+18.1%
FCF margin	+8.6%	+8.4%	+7.2%	+12.9%	+20.5%
Growth
Revenue CAGR (3y)	+5.6%	-0.3%	-4.5%	+0.9%	+5.0%
Returns
ROE	+10.2%	+9.3%	+5.3%	+12.7%	+23.1%
ROA	+4.8%	+4.1%	+2.5%	+6.3%	+11.7%
ROIC	+6.9%	+6.1%	+3.7%	+7.5%	+15.4%
Liquidity
Current ratio	1.42x	1.44x	1.17x	1.50x	1.92x
Quick ratio	0.93x	1.04x	0.76x	0.83x	1.34x
Leverage
D/E	1.13x	1.28x	1.12x	0.99x	0.98x
Interest coverage	6.18x	5.22x	3.64x	7.99x	14.39x
Efficiency
Asset turnover	0.76x	0.71x	0.73x	0.59x	0.64x
Cash conversion cycle	+44d	+40d	+43d	+48d	+53d

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Labcorp

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