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Labcorp Holdings Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Labcorp Holdings holds $19.1B in total assets. Shareholders' equity is $8.7B against $7.2B in total debt. Cash and equivalents total $981.1M. The current ratio is 1.73 and debt-to-equity is 0.830. Based on the Q1 2026 filing.

Total Assets$19.1BTotal Stockholders Equity$8.7BLong Term Debt$5.8BCash And Equivalents$981.1MTotal Current Assets$4.6BTotal Current Liabilities$2.6B
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$21.0B
P/E Ratio22.26
ROE11.05%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$875.8M$717.9M$793.0M$668.5M$840.8M$695.7M
Accrued expenses$871.2M$770.4M$835.8M$878.0M$847.8M$851.9M
Other Commercial Liabilities$871.2M$770.4M$835.8M$878.0M$847.8M$851.9M
Commercial Paper Outstanding—$102.8M$103.3M$103.3M—$107.4M
Accrued Liabilities, Current$871.2M$770.4M$835.8M$878.0M$847.8M$851.9M
Deferred income$392.2M$388.3M$398.0M$391.6M$439.1M$405.2M
Notes Payable Current$400.0K$400.0K$400.0K$400.0K$300.0K$400.0K
Current portion of long-term debt$1.0B$4.8M$4.3M$4.5M$500.1M$500.4M
Deferred revenue$392.2M$388.3M$398.0M$391.6M$439.1M$405.2M
Finance Lease Liability, Current$6.1M$4.8M$4.3M$4.5M$4.6M$4.6M
Notes Payable$400.0K$400.0K$400.0K$400.0K$300.0K$400.0K
Operating lease liabilities, current$184.6M$182.8M$186.1M$186.7M$191.1M$183.2M
Total current liabilities$3.3B$2.1B$2.7B$2.6B$2.8B$2.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1.9B$2.1B$2.1B$2.1B$2.1B$2.3B
Allowance for Doubtful Accounts$44.7M$38.6M$40.1M$36.7M$36.4M$33.0M
Allowance for Doubtful Accounts Receivable (Current)$44.7M$38.6M$40.1M$36.7M$36.4M$33.0M
Cash and cash equivalents$1.5B$369.4M$647.3M$598.1M$532.3M$981.1M
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)$1.5B$369.4M$647.3M$598.1M$532.3M—
Contract assets$152.9M$151.3M$156.1M$156.1M$156.9M$161.9M
Derivative Assets - Not Designated as Hedging Instruments$142.7M$135.7M$291.0M$282.3M$274.0M$268.8M
Inventories$493.2M$488.3M$508.1M$521.5M$534.7M$497.7M
Prepaid expenses and other current assets$697.6M$657.5M$655.1M$694.0M$692.8M$629.5M
Total current assets$4.8B$3.8B$4.1B$4.1B$4.0B$4.6B
Unbilled Revenue$152.9M$151.3M$156.1M$156.1M$156.9M$161.9M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$2.8M$35.8M$1.8M$33.0M$0.0$0.0
Accumulated other comprehensive income (loss)-$261.6M-$191.6M-$34.6M-$42.0M-$27.6M-$63.2M
Common stock7.6M265M265M265M7.5M265M
Convertible Preferred Stock Authorized Shares—30M30M30M—30M
Convertible Preferred Stock Outstanding Shares—00000
Additional paid-in capital$2.8M$35.8M$1.8M$33.0M$0.0$0.0
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$7.6M$7.6M$7.5M$7.5M$7.5M$7.4M
Preferred Stock Par Value Per Share—$0.10$0.10$0.10—$0.10
Retained earnings$8.3B$8.5B$8.5B$8.7B$8.6B$8.8B
Share Repurchase Authorization Limit——$1.1B$1.1B—$732.4M
Share Repurchase Program - Amount Remaining——$1.1B$1.1B—$732.4M
Total liabilities and stockholders' equity$18.4B$17.6B$18.1B$18.3B$18.4B$19.1B
Total stockholders' equity$8.1B$8.3B$8.5B$8.7B$8.6B$8.7B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contingent Consideration Liability (Non-Current)————$50.0M$139.8M
Finance lease liabilities$74.3M$66.5M$65.6M$64.3M$63.0M$62.2M
Long-term debt$5.3B$5.6B$5.1B$5.1B$5.1B$5.8B
Operating lease liabilities, non-current$676.3M$696.4M$713.1M$692.0M$682.6M$656.5M
Other non-current liabilities$517.4M$497.9M$643.2M$639.1M$647.8M$691.8M
Total liabilities$10.3B$9.3B$9.6B$9.5B$9.8B$10.3B
Unrecognized Tax Benefits$383.1M———$454.5M$456.4M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$78.7M$6.1M-$18.3M$88.6M-$174.0M-$2.0M
Deferred Tax Assets and Other Non-Current Assets$652.2M$647.0M$633.0M$648.1M$751.3M$724.9M
Equity method investments$16.3M$168.0M$160.4M$168.2M$153.9M$146.6M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)—$245.8M$247.4M$260.4M—$267.0M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)—$1.7B$1.8B$1.9B—$1.8B
Finite Lived Intangible Assets - Gross$4.9B$5.0B$5.1B$5.2B$5.3B$5.4B
Goodwill$6.4B$6.4B$6.6B$6.7B$6.8B$7.0B
Intangible Assets Gross (Excluding Goodwill)$5.4B$5.5B$5.6B$5.8B$5.9B$6.0B
Intangible assets, net$3.5B$2.9B$2.9B$3.0B$3.0B$3.1B
Long-term investments————$201.9M$201.6M
Intangible assets — net$2.9B$2.9B$2.9B$3.0B$3.0B$3.1B
Other intangible assets—net$3.5B$3.5B$3.5B$3.6B$3.6B$3.6B
Investments————$201.9M$201.6M
Investments$16.3M$168.0M$160.4M$168.2M$153.9M$146.6M
Other non-current assets$652.2M$647.0M$633.0M$648.1M$751.3M$724.9M
Other non-current assets$652.2M$647.0M$633.0M$648.1M$751.3M$724.9M
Accumulated depreciation$1.9B$2.0B$2.1B$2.2B$2.3B$2.3B
Property and equipment, net$3.0B$3.1B$3.1B$3.1B$3.1B$3.1B
Software and Technology Licenses, Net$652.2M$647.0M$633.0M$648.1M$751.3M$724.9M
Total assets$18.4B$17.6B$18.1B$18.3B$18.4B$19.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Line of Credit Maximum Borrowing Capacity—$300.0M$300.0M$300.0M——
2.70% senior notes due 2031$423.2M$435.0M$442.7M$446.6M$447.3M$446.2M
3.60% senior notes due 2027$600.0M$600.0M$600.0M$600.0M$600.0M$600.0M
4.70% senior notes due 2045$900.0M$900.0M$900.0M$900.0M$900.0M$900.0M
Accounts Receivable, Allowance for Credit Loss$44.7M$38.6M$40.1M$36.7M$36.4M$33.0M
Allowance for Credit Loss$52.3M$46.1M$46.0M$43.4M$43.5M$37.3M
Business Combination, Contingent Consideration, Liability————$50.0M$139.8M
Cash and cash equivalents, end of period$1.5B$369.4M$647.3M$598.1M$532.3M—
Insurance contracts$102.1M$101.3M$101.4M$107.9M$99.6M$102.3M
Common stock, shares authorized (in shares)—$265.0M$265.0M$265.0M—$265.0M
Common Stock, Shares, Outstanding$83.4M$83.8M$82.9M$83.0M$82.2M$82.3M
Credit Facility, Maximum Swing Line Borrowings—$100.0M$100.0M$100.0M—$100.0M
Credit Facility Option to Increase—$500.0M$500.0M$500.0M—$500.0M
Deferred compensation plan assets$35.7M——$50.4M—$56.5M
Deferred Income Taxes and Other Tax Liabilities, Noncurrent$383.1M———$454.5M$456.4M
Derivative, Interest Rate Swap—$500.0M$500.0M$500.0M—$500.0M
Fair Value Hedges At Fair Value Net$76.8M$65.0M$57.3M$53.4M$52.7M$53.8M
Noncontrolling interest put$14.3M$14.3M$16.7M$16.1M$16.9M$16.9M
Deferred compensation liability$132.5M$134.0M$138.6M$146.8M$150.5M$153.5M
Current maturities of long-term debt$6.1M$4.8M$4.3M$4.5M$4.6M$4.6M
Finite-Lived Intangible Assets, Accumulated Amortization$1.9B$2.0B$2.1B$2.2B$2.3B$2.3B
2028—$266.4M$268.0M$281.2M—$287.8M
2030—$245.8M$247.4M$260.4M—$267.0M
2031—$232.1M$234.7M$247.2M—$258.7M
2027—$208.4M$142.2M$76.3M—$223.0M
2029—$253.5M$255.1M$268.1M—$280.2M
Finite Lived Intangible Assets Amortization Expense After Year Five—$1.7B$1.8B$1.9B—$1.8B
Gross Carrying Amount$4.9B$5.0B$5.1B$5.2B$5.3B$5.4B
Goodwill Impairment, Cumulative$648.5M$648.5M$648.5M$648.5M$648.5M$648.5M
Indefinite- lived intangible impairment$5.4B$5.5B$5.6B$5.8B$5.9B$6.0B
Letters of Credit Outstanding, Amount—$102.8M$103.3M$103.3M—$107.4M
Line Of Credit Facility Current Borrowing Capacity—$300.0M$300.0M$300.0M——
Committed Revolving Credit Facilities—$700.0M$700.0M$700.0M——
Long term debt issuance costs$42.3M$41.5M$40.5M$39.1M$37.7M$37.5M
Noncontrolling interest$14.3M$14.3M$16.7M$16.1M$16.9M$16.9M
Preferred Stock, Par or Stated Value Per Share—$0.1$0.1$0.1—$0.1
Preferred Stock, Shares Authorized—$30.0M$30.0M$30.0M—$30.0M
Preferred Stock, Shares Outstanding—$0.0$0.0$0.0$0.0$0.0
Fair market value of senior notes$5.8B$4.8B$4.9B$5.0B$5.0B$4.9B
Short term debt issuance costs$100.0K$0.0$800.0K$500.0K$200.0K$0.0
Share Repurchase Program, Remaining Authorized, Amount——$1.1B$1.1B—$732.4M
2026 Term Loan————$0.0$750.0M
Unbilled balances$152.9M$151.3M$156.1M$156.1M$156.9M$161.9M
Unbilled Services, Allowance for Credit Loss$7.6M$7.5M$5.9M$6.7M$7.1M$4.3M
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two—————$20.5M
Unrecorded Unconditional Purchase Obligation—————$122.3M
Purchase commitments, Due in 2027—————$27.8M
Unrecorded Unconditional Purchase Obligation—————$27.8M