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

Running CAGR since the earliest displayed year.

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	-22.5%	+1.0%	-39.6%	-78.2%	—
Short Term Investments	—	—	—	—	—
Accounts Receivable	-1.8%	-4.9%	-8.0%	-1.7%	—
Inventory	+7.4%	+7.1%	+8.7%	+17.2%	—
Prepaid Expenses	+9.7%	+13.4%	+17.1%	+47.9%	—
Other Current Assets	+12.9%	+12.1%	+7.7%	-6.5%	—
Total Current Assets	-6.8%	-3.4%	-16.0%	-13.2%	—
Property,Plant and Equipment	+2.3%	+2.7%	+1.7%	+5.0%	—
Goodwill	-3.9%	-7.2%	-12.1%	-23.1%	—
Intangible Assets	-0.9%	-2.3%	-5.4%	+5.7%	—
Long Term Investments	+34.9%	-35.6%	-33.5%	+7.9%	—
Other Noncurrent Assets	+12.9%	+12.1%	+7.7%	-6.5%	—
Total Assets	-2.5%	-3.4%	-9.4%	-1.1%	—
Liabilities
Accounts Payable	+7.9%	+12.1%	+15.4%	+50.5%	—
Accrued Liabilities	-11.8%	-14.7%	-24.3%	-23.9%	—
Deferred Revenue	-5.8%	-11.1%	-13.1%	+4.2%	—
Current Portion of Long Term Debt	+327.3%	—	+2481.7%	+19986.7%	—
Operating Lease Liabilities	+0.5%	-0.4%	-5.8%	-0.8%	—
Other Current Liabilities	+12.7%	+8.8%	+0.9%	+5.2%	—
Total Current Liabilities	+0.4%	+6.2%	+7.7%	+10.6%	—
Long Term Debt	-1.6%	-0.5%	-13.5%	-7.0%	—
Operating Lease Liabilities Noncurrent	+1.5%	+1.7%	+0.5%	+5.8%	—
Other Noncurrent Liabilities	+12.7%	+8.8%	+0.9%	+5.2%	—
Total Liabilities	-0.8%	+0.7%	-6.4%	-0.5%	—
Equity
Preferred Stock	—	—	—	—	—
Common Stock	-3.1%	-3.7%	-4.8%	-4.7%	—
Additional Paid In Capital	—	—	—	—	—
Retained Earnings	-4.7%	-7.4%	-13.1%	+1.2%	—
Treasury Stock	—	—	—	—	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Total Stockholders Equity	-4.3%	-7.8%	-12.4%	-1.7%	—
Total Liabilitiesand Equity	-2.5%	-3.4%	-9.4%	-1.1%	—

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	+1.5%	-0.3%	-3.8%	-9.7%	—
Expenses Cost of Revenue	+5.1%	+4.8%	+3.9%	+0.1%	—
Expenses Selling,General and Administrative	+7.0%	+9.7%	+9.4%	+4.3%	—
Expenses Depreciation and Amortization	+4.2%	+3.7%	+0.0%	-6.9%	—
Expenses Share Based Compensation	-1.4%	-4.2%	-1.6%	-12.1%	—
Other Income Expense Gross Profit	-5.3%	-10.1%	-17.9%	-25.7%	—
Other Income Expense Operating Income	-17.9%	-29.1%	-51.2%	-52.9%	—
Other Income Expense Interest Income	+14.6%	+36.3%	+80.9%	-14.8%	—
Other Income Expense Interest Expense	+1.4%	-0.6%	-2.9%	-15.1%	—
Other Income Expense Other Income/expense	—	+57.2%	+0.0%	—	—
Other Income Expense Income Before Tax	-26.2%	-36.5%	-54.7%	-55.3%	—
Income Tax Income Tax Expense	-24.0%	-32.5%	-47.7%	-66.1%	—
net Income net Income	-22.1%	-32.0%	-58.1%	-46.2%	—
net Income Comprehensive Income	-17.1%	-38.6%	-48.9%	-58.3%	—
Earnings Per Share Basic Eps	-19.1%	-28.8%	-55.8%	-42.9%	—
Earnings Per Share Diluted Eps	-19.1%	-28.7%	-55.8%	-42.7%	—
Earnings Per Share Weighted Average Shares Basic	-3.7%	-4.6%	-5.1%	-5.8%	—
Earnings Per Share Weighted Average Shares Diluted	-3.7%	-4.7%	-5.2%	-6.1%	—

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	-22.1%	-32.0%	-58.1%	-46.2%	—
Operating Activities Depreciation and Amortization	+4.2%	+3.7%	+0.0%	-6.9%	—
Operating Activities Stock Based Compensation	-1.4%	-4.2%	-1.6%	-12.1%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—
Operating Activities Other Non Cash Items	—	—	—	—	—
Operating Activities net Cash From Operating Activities	-14.8%	-20.1%	-34.7%	-37.1%	—
Investing Activities Capital Expenditures	+0.8%	+5.1%	+3.7%	+1.9%	—
Investing Activities Business Acquisitions	+4.0%	+19.1%	+16.2%	+134.3%	—
Investing Activities Purchases of Investments	—	—	—	—	—
Investing Activities Other Investing Activities	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	—	+26.0%	—	—	—
Financing Activities Repayment of Debt	+0.0%	+0.0%	-45.2%	—	—
Financing Activities Repurchase of Common Stock	-27.9%	-46.9%	-22.6%	-34.1%	—
Financing Activities Dividends Paid	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	-22.1%	-1.5%	-34.7%	+4.4%	—
Financing Activities Tax Withholding On Stock Based Compensation	—	—	—	—	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	+86.3%	-16.1%	—	—
Cash Reconciliation Cash At Beginning of Period	-22.5%	+1.0%	-39.6%	-78.2%	—
Cash Reconciliation Cash At End of Period	-22.5%	+1.0%	-39.6%	-78.2%	—

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

Valuation

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FY2025 fundamentals · no price

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Labcorp

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