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 revenue.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 10 years

Total assets $18.4B

Total liabilities $9.8B

Shareholders equity $8.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	3.8%	11.7%	4.4%	2.7%	11.2%	9.4%	2.9%	3.8%	3.1%	4.5%
Short Term Investments	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%	0.1%	0.0%	0.0%	0.0%
Accounts Receivable	15.1%	14.9%	15.7%	18.7%	17.2%	17.7%	13.4%	13.0%	14.4%	13.9%
Inventory	3.8%	3.8%	3.9%	4.0%	3.1%	3.0%	2.1%	2.1%	2.2%	2.1%
Prepaid Expenses	5.0%	5.4%	5.4%	6.0%	3.6%	2.6%	3.2%	2.7%	4.1%	3.4%
Other Current Assets	5.4%	5.0%	4.4%	3.6%	3.5%	2.9%	3.8%	2.0%	2.0%	1.7%
Total Current Assets	28.8%	36.9%	31.0%	39.0%	40.6%	36.7%	25.8%	25.0%	26.0%	25.9%
Property,Plant and Equipment	22.1%	23.4%	23.9%	24.9%	21.4%	19.5%	22.8%	15.7%	17.0%	18.0%
Goodwill	48.7%	49.0%	50.5%	51.6%	60.6%	55.5%	68.1%	64.9%	71.8%	67.3%
Intangible Assets	25.8%	26.8%	27.5%	33.3%	28.4%	28.3%	34.9%	34.5%	42.1%	35.6%
Long Term Investments	1.4%	0.1%	0.2%	0.6%	0.5%	0.5%	0.7%	0.5%	0.6%	0.6%
Other Noncurrent Assets	5.4%	5.0%	4.4%	3.6%	3.5%	2.9%	3.8%	2.0%	2.0%	1.7%
Total Assets	131.8%	141.3%	137.5%	169.9%	155.2%	143.6%	156.2%	142.8%	160.7%	149.1%
Liabilities
Accounts Payable	6.0%	6.7%	6.8%	7.9%	4.7%	4.6%	5.5%	5.6%	6.4%	5.3%
Accrued Liabilities	6.1%	6.7%	6.6%	9.0%	10.7%	9.7%	8.2%	7.7%	6.1%	6.2%
Deferred Revenue	3.1%	3.0%	3.5%	4.9%	4.3%	3.6%	3.9%	3.1%	3.2%	1.8%
Current Portion of Long Term Debt	3.6%	—	8.2%	2.5%	0.0%	2.7%	3.6%	0.2%	4.1%	5.8%
Operating Lease Liabilities	1.4%	1.4%	1.4%	1.6%	1.4%	0.0%	1.8%	—	—	—
Other Current Liabilities	4.6%	4.0%	3.4%	3.6%	3.1%	3.8%	3.3%	2.9%	3.7%	4.1%
Total Current Liabilities	20.2%	25.6%	26.5%	25.9%	21.2%	22.0%	23.0%	16.6%	19.8%	19.1%
Long Term Debt	36.4%	41.0%	33.3%	42.5%	41.2%	38.8%	50.1%	53.3%	61.6%	55.5%
Operating Lease Liabilities Noncurrent	4.9%	5.2%	5.3%	5.7%	4.9%	0.6%	5.2%	—	—	—
Other Noncurrent Liabilities	4.6%	4.0%	3.4%	3.6%	3.1%	3.8%	3.3%	2.9%	3.7%	4.1%
Total Liabilities	69.9%	79.3%	72.6%	84.6%	76.8%	76.5%	90.5%	81.1%	94.3%	91.3%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
Additional Paid In Capital	0.0%	0.0%	0.3%	0.0%	0.0%	0.8%	0.2%	12.8%	19.3%	22.3%
Retained Earnings	61.9%	63.8%	64.9%	89.2%	79.6%	67.8%	68.4%	62.5%	60.1%	51.9%
Treasury Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	9.8%	10.3%	10.6%
Accumulated Other Comprehensive Income	-0.2%	-2.0%	-0.5%	-4.2%	-1.5%	-1.2%	-3.2%	-4.1%	-3.2%	-6.1%
Total Stockholders Equity	61.8%	61.9%	64.8%	85.1%	78.2%	67.5%	66.2%	61.5%	66.0%	57.8%
Total Liabilitiesand Equity	131.8%	141.3%	137.5%	169.9%	155.2%	143.6%	156.2%	142.8%	160.7%	149.1%

Income Statement

Revenue, expense, and profitability

18 accounts · 10 years

Revenue $14.0B

Operating income $1.4B

Net income $876.5M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	71.2%	72.1%	72.3%	68.7%	62.0%	64.6%	71.9%	72.0%	65.4%	65.5%
Expenses Selling,General and Administrative	15.9%	17.1%	16.6%	14.9%	12.9%	12.4%	14.1%	13.9%	14.5%	14.1%
Expenses Depreciation and Amortization	4.9%	4.9%	4.7%	4.5%	4.4%	4.5%	5.0%	4.9%	5.2%	5.2%
Expenses Share Based Compensation	0.9%	0.9%	1.1%	1.0%	1.0%	0.8%	0.9%	0.8%	1.1%	1.1%
Other Income Expense Gross Profit	28.8%	27.9%	27.7%	31.3%	38.0%	35.4%	28.1%	28.0%	30.0%	29.9%
Other Income Expense Operating Income	9.9%	8.4%	6.0%	12.1%	23.2%	17.5%	11.5%	11.7%	12.7%	13.3%
Other Income Expense Interest Income	0.1%	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.0%	0.0%
Other Income Expense Interest Expense	1.6%	1.6%	1.6%	1.5%	1.6%	1.5%	2.1%	2.2%	2.3%	2.3%
Other Income Expense Other Income/expense	-0.4%	0.5%	0.1%	-0.3%	0.1%	-0.2%	-0.0%	1.5%	-0.1%	0.1%
Other Income Expense Income Before Tax	5.2%	4.8%	4.1%	9.3%	18.7%	13.2%	6.8%	8.3%	8.1%	9.3%
Income Tax Income Tax Expense	1.6%	1.6%	1.5%	2.0%	5.3%	4.7%	2.4%	3.4%	-1.5%	3.8%
net Income net Income	6.3%	5.7%	3.4%	10.8%	18.1%	11.1%	7.1%	7.8%	11.9%	7.5%
net Income Comprehensive Income	8.0%	4.2%	5.0%	8.2%	17.9%	12.6%	7.9%	6.7%	14.3%	4.4%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	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%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.6%	0.6%	0.7%	0.8%	0.7%	0.7%	0.8%	0.9%	1.0%	1.1%
Earnings Per Share Weighted Average Shares Diluted	0.6%	0.6%	0.7%	0.8%	0.7%	0.7%	0.9%	0.9%	1.0%	1.1%

Cash Flow Statement

Operating, investing, and financing flows

24 accounts · 10 years

Operating cash flow $1.6B

Investing cash flow $-1.2B

Financing cash flow $-1.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	6.3%	5.7%	3.4%	10.8%	18.1%	11.1%	7.1%	7.8%	11.9%	7.5%
Operating Activities Depreciation and Amortization	4.9%	4.9%	4.7%	4.5%	4.4%	4.5%	5.0%	4.9%	5.2%	5.2%
Operating Activities Stock Based Compensation	0.9%	0.9%	1.1%	1.0%	1.0%	0.8%	0.9%	0.8%	1.1%	1.1%
Operating Activities Deferred Income Taxes	0.7%	-0.2%	-0.6%	0.2%	-0.3%	-0.3%	0.3%	0.3%	-5.3%	0.6%
Operating Activities Changes In Operating Assets and Liabilities	1.2%	1.3%	1.6%	0.9%	-1.8%	8.3%	1.3%	0.3%	2.3%	1.4%
Operating Activities Other Non Cash Items	0.5%	0.5%	0.3%	0.2%	-0.3%	0.6%	-0.1%	0.1%	0.3%	—
Operating Activities net Cash From Operating Activities	11.8%	12.2%	10.9%	16.5%	23.7%	15.3%	12.5%	11.5%	14.5%	12.5%
Investing Activities Capital Expenditures	3.1%	3.8%	3.7%	3.6%	3.2%	2.7%	3.5%	3.4%	3.0%	2.9%
Investing Activities Business Acquisitions	4.2%	6.4%	5.5%	9.8%	3.8%	1.9%	7.6%	1.0%	18.3%	5.7%
Investing Activities Purchases of Investments	1.4%	0.4%	0.2%	—	—	—	—	—	—	—
Investing Activities Other Investing Activities	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	0.0%	0.0%
Investing Activities net Cash From Investing Activities	-8.6%	-10.5%	-9.6%	-13.9%	-6.7%	-4.6%	-11.1%	1.8%	-21.6%	-8.3%
Financing Activities Proceeds From Debt	0.0%	15.4%	0.0%	0.0%	7.6%	0.0%	9.1%	0.0%	11.6%	0.0%
Financing Activities Repayment of Debt	7.2%	7.7%	2.5%	0.0%	7.6%	2.9%	6.0%	3.5%	4.9%	4.8%
Financing Activities Repurchase of Common Stock	3.2%	1.9%	8.2%	9.3%	12.7%	0.7%	3.9%	6.2%	3.3%	0.5%
Financing Activities Dividends Paid	1.7%	1.9%	2.1%	1.6%	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%	0.2%	0.3%	0.4%	—
Financing Activities Tax Withholding On Stock Based Compensation	0.2%	0.4%	0.3%	0.4%	—	—	—	—	—	—
Financing Activities Other Financing Activities	-0.1%	-0.3%	-0.2%	-0.2%	-0.2%	-0.2%	-0.3%	—	—	—
Financing Activities net Cash From Financing Activities	-10.4%	6.0%	-0.5%	-11.1%	-15.7%	-3.7%	-2.2%	-12.3%	5.8%	-7.0%
Cash Reconciliation Effect of Exchange Rate On Cash	0.2%	-0.1%	0.1%	-0.2%	-0.1%	0.1%	0.0%	-0.1%	0.2%	-0.1%
Cash Reconciliation net Change In Cash	-7.1%	7.5%	0.9%	-8.8%	1.2%	7.0%	-0.8%	1.0%	-1.1%	-3.0%
Cash Reconciliation Cash At Beginning of Period	3.8%	11.7%	4.4%	2.7%	11.2%	9.4%	2.9%	3.8%	3.1%	4.5%
Cash Reconciliation Cash At End of Period	3.8%	11.7%	4.4%	2.7%	11.2%	9.4%	2.9%	3.8%	3.1%	4.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+28.8%	+27.9%	+27.7%	+31.3%	+38.0%	+35.4%	+28.1%	+28.0%	+34.6%	+34.5%
Operating margin	+9.9%	+8.4%	+6.0%	+12.1%	+23.2%	+17.5%	+11.5%	+11.7%	+12.7%	+13.3%
Net margin	+6.3%	+5.7%	+3.4%	+10.8%	+18.1%	+11.1%	+7.1%	+7.8%	+11.9%	+7.5%
FCF margin	+8.6%	+8.4%	+7.2%	+12.9%	+20.5%	+12.5%	+9.0%	+8.2%	+11.5%	+9.6%
Growth
Revenue CAGR (3y)	+5.6%	-0.3%	-4.5%	+0.9%	+5.0%	+10.7%	+6.5%	+9.3%	+19.7%	+18.0%
Returns
ROE	+10.2%	+9.3%	+5.3%	+12.7%	+23.1%	+16.5%	+10.8%	+12.7%	+18.0%	+12.9%
ROA	+4.8%	+4.1%	+2.5%	+6.3%	+11.7%	+7.8%	+4.6%	+5.5%	+7.4%	+5.0%
ROIC	+6.9%	+6.1%	+3.7%	+7.5%	+15.4%	+11.3%	+6.3%	+6.2%	+9.9%	+6.9%
Liquidity
Current ratio	1.42x	1.44x	1.17x	1.50x	1.92x	1.66x	1.12x	1.51x	1.31x	1.36x
Quick ratio	0.93x	1.04x	0.76x	0.83x	1.34x	1.23x	0.71x	1.01x	0.88x	0.96x
Leverage
D/E	1.13x	1.28x	1.12x	0.99x	0.98x	1.13x	1.37x	1.32x	1.43x	1.58x
Interest coverage	6.18x	5.22x	3.64x	7.99x	14.39x	11.79x	5.53x	5.43x	5.55x	5.80x
Efficiency
Asset turnover	0.76x	0.71x	0.73x	0.59x	0.64x	0.70x	0.64x	0.70x	0.62x	0.67x
Cash conversion cycle	+44d	+40d	+43d	+48d	+53d	+56d	+32d	+29d	+29d	+33d

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Labcorp

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