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Quest Diagnostics

DGXNYSEStock Fundamentals

Quest Diagnostics is a leading provider of diagnostic information services, offering a comprehensive menu of laboratory testing and clinical insights to empower healthcare decisions. The company leverages one of the world's largest databases of clinical lab results to serve approximately half of the physicians and hospitals in the United States. Its core value proposition centers on improving health outcomes through innovative, convenient, and affordable diagnostic services across the healthcare ecosystem.

Market Cap$21.0B
Revenue TTM$11.3B
Net Income TTM$1.0B
P/E Ratio20.52
Net Margin9.08%
EPS TTM$9.05
Free Cash Flow TTM$1.3B
Employees48.0K
CEOJames E. Davis
CountryUnited States of America
Healthcare
Medical - Diagnostics & Research
SegmentsDiagnostics & Research, Healthcare Information Technology, Laboratory Services
Business ModelsFee-for-service, Capitation, Direct-to-consumer, B2B Service
Most Recent EarningsApr 21, 2026 · 29 days agoQ1 2026
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Next EarningsJul 28, 2026 · in 2 monthsBefore Market Open · Q2 2026

Financials

Based on Q1 2026 filing

Gross Margin33.2%
Op. Margin14.27%
ROE14.33%
D/E86.97%
Current Ratio1.18
Total Debt$6.4B
Cash$393.0M
CapEx TTM$524.0M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Diagnostic Information Services

primary

The primary business unit focused on developing and delivering diagnostic insights from laboratory testing. It provides routine, non-routine, and advanced clinical testing, including anatomic pathology and molecular genomics.

Products

Advanced Diagnostics™, MyQuest®, QuestHealth.com, Quest AD-Detect®, Haystack Oncology MRD test, Autoimmune ANAlyzeR™, Quest® Lab Stewardship™, Quest Clinical Trials Connect™, Blueprint for Wellness®

Customers

Physicians, Hospitals, Patients, Health Plans, Employers, Pharmaceutical Companies

Diagnostic Solutions

minor

A specialized group offering risk assessment services for the life insurance industry and healthcare information technology solutions for providers and payers.

Products

ExamOne®, Quanum® Enterprise Content Solutions™, Quanum®

Customers

Life Insurance Companies, Hospitals, Physician Practices

Segment Financials

DIS business — Percentage of net revenues

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DIS business — Net revenues

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DS revenues — Total net revenues, percent

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DIS business — Segment, Expenditure, Addition to Long-Lived Assets

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Business Overview

Competitive Position

A leading national provider of diagnostic information services with significant scale, serving approximately one-third of the U.S. adult population annually.

Geographies

United States, Canada, Puerto Rico

Customer Segments

Healthcare Providers, Insurance Carriers, Enterprise Employers, Individual Consumers

Upstream Dependencies

Laboratory equipment manufacturers, Reagent and chemical suppliers, IT infrastructure and software licensors, Logistics and fuel providers

Downstream Customers

Physicians and specialists, Hospital systems, Health insurance plans, Government healthcare programs (Medicare/Medicaid), Direct-to-consumer patients, Life insurance underwriters

Competitors & Partners

Subsidiaries

L

LifeLabs

Canadian laboratory diagnostic information provider acquired in 2024.

H

Haystack Oncology

Cancer testing company specializing in minimal residual disease detection.

S

Spectra Laboratories

Renal-specific laboratory testing assets acquired from Fresenius Medical Care.

A

AmeriPath

Anatomic pathology and specialized diagnostic brand.

D

Dermpath Diagnostics

Dermatopathology specialized laboratory brand.

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Quest Diagnostics FAQ

Common questions about Quest Diagnostics

Quest Diagnostics is a leading provider of diagnostic information services, offering a comprehensive menu of laboratory testing and clinical insights to empower healthcare decisions. The company leverages one of the world's largest databases of clinical lab results to serve approximately half of the physicians and hospitals in the United States. Its core value proposition centers on improving health outcomes through innovative, convenient, and affordable diagnostic services across the healthcare ecosystem.

Quest Diagnostics (DGX) has a market capitalization of $21.0B and trades on NYSE.

Quest Diagnostics generated $11.3B in trailing twelve-month revenue with net income of $1.0B, representing a net margin of 9.1%. Gross margin stands at 33.2%, with free cash flow of $1.3B. These figures are based on the Q1 2026 filing.

Quest Diagnostics's key competitors include Laboratory Corporation of America Holdings, Natera, Inc. Common Stock, Agilent Technologies Inc., and others. These companies compete in similar markets and product categories.

Quest Diagnostics has approximately 48,000 employees.