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Quest Diagnostics

DGX

Quest Diagnostics is a leading provider of diagnostic information services, offering a comprehensive menu of laboratory testing and clinical insights to empower healthcare decisions.

Market cap
$23.05B+16.7%
Revenue$11.3B+11.0%
Net income$1.0B+14.2%
Free cash flow$1.3B+25.6%
EPS (diluted)$9.05+14.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$3.0B
EPS estimate$2.81

Financials

Q1 2026

Income statement

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Revenue$2.9B+9.2%
Gross profit$942.0M+9.2%
Operating income$399.0M+15.3%
Net income$252.0M+14.5%
EPS (diluted)$2.24+15.5%

Balance sheet

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Cash & equivalents$393.0M+109%
Total debt$6.4B-2.5%
Total equity$7.4B+6.3%
Total assets$16.7B+5.5%

Cash flow

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Operating cash flow$278.0M-11.5%
CapEx$114.0M-2.6%
Free cash flow$164.0M-16.8%

Valuation & ratios

Valuation

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Market cap$23.51B+16.7%
Enterprise value$29.52B+12.6%
P/E23×+1.8×
P/S2.1×+0.2×

Profitability

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Gross margin33.2%+0.4pp
Operating margin14.3%+0.6pp
Net margin9.1%+0.2pp
FCF margin11.8%+1.4pp

Returns & leverage

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Return on equity14.3%+0.9pp
Debt / equity0.9×-0.1×
Current ratio1.2×-0.3×

Segments

By segment

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DIS business$2.8B+9.4%
All other operating segments$63.0M0.0%

Competitors

Profile

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.

Competitive position

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

GeographiesUnited States, Canada, Puerto Rico
Customer segmentsHealthcare Providers, Insurance Carriers, Enterprise Employers, Individual Consumers
Business modelFee-for-service, Capitation, Direct-to-consumer, B2B Service
SuppliersLaboratory equipment manufacturers, Reagent and chemical suppliers, IT infrastructure and software licensors, Logistics and fuel providers
CustomersPhysicians and specialists, Hospital systems, Health insurance plans, Government healthcare programs (Medicare/Medicaid), Direct-to-consumer patients, Life insurance underwriters
Listed1996
Employees48.0K
CEOJames E. Davis
FilingsSEC EDGAR

Questions, answered.

What is Quest Diagnostics's market cap?
Quest Diagnostics (DGX) has a market capitalization of $23.0B and trades on NYSE.
What is Quest Diagnostics's revenue and profitability?
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.
Who are Quest Diagnostics's competitors?
Quest Diagnostics's key competitors include Laboratory Corporation of America Holdings, Bio-Rad Laboratories, Inc.Class A, Personalis, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Quest Diagnostics partner with?
Quest Diagnostics's notable partners include Google, Epic, UnitedHealthcare, and others.
What subsidiaries does Quest Diagnostics have?
Quest Diagnostics's subsidiaries include LifeLabs, Haystack Oncology, Spectra Laboratories, and others.
Where is Quest Diagnostics headquartered?
Quest Diagnostics is headquartered in United States of America and employs approximately 48,000 people. It has been publicly traded since 1996.