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Quest Diagnostics DGX Hospital lab services — Total net revenues, percent

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Other financials

Income statement

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Revenue$3.0B+10.2%
Gross profit$1.0B+8.9%
Operating income$459.0M+4.8%
Net income$320.0M+13.5%
EPS (diluted)$2.84+15.0%

Balance sheet

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Cash & equivalents$626.0M+96.2%
Total debt$6.4B0.0%
Total equity$7.5B+4.0%
Total assets$16.9B+6.1%

Cash flow

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Operating cash flow$597.0M+9.7%
CapEx$138.0M+27.8%
Free cash flow$459.0M+5.3%

Valuation

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Market cap$26.03B+34.6%
Enterprise value$31.79B+25.1%
P/E24.5×+4.1×
P/S2.3×+0.4×

Profitability

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Gross margin33.1%+0.1pp
Operating margin14.1%+0.1pp
Net margin9.2%+0.2pp
FCF margin11.7%0.0pp

Returns & leverage

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Return on equity14.4%+0.7pp
Debt / equity0.8×0.0×
Current ratio1.6×+0.5×

Where this comes from

Reported directly by Quest Diagnostics in its filing.

Tagged under the XBRL concept dgx:RevenueFromContractWithCustomerExcludingAssessedTaxPercent.

The source filing: Quest Diagnostics’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 4:38 PM EST
Fiscal year
FY2025
Accession
0001022079-26-000015
Line item202520242023
Routine clinical testing and other services54%51%51%
COVID-19 testing services12
Gene-based and esoteric (including advanced diagnostics) testing services383938
Anatomic pathology testing services666
All other233
Net revenues100%100%100%

Item 16. Form 10-K Summary

FAQ

What is Quest Diagnostics's hospital lab services — total net revenues, percent?
Quest Diagnostics (DGX) reported hospital lab services — total net revenues, percent of 4.5% in Q4 2025.
How has Quest Diagnostics's hospital lab services — total net revenues, percent changed year-over-year?
Quest Diagnostics's hospital lab services — total net revenues, percent decreased by 10.0% year-over-year, from 5% to 4.5%.
What is the long-term trend for Quest Diagnostics's hospital lab services — total net revenues, percent?
Over 4 years (2021 to 2025), Quest Diagnostics's hospital lab services — total net revenues, percent has grown at a 1.4% compound annual growth rate (CAGR), from 17% to 18%.
What does hospital lab services — total net revenues, percent mean?
This metric represents the proportion of total consolidated net revenue generated specifically from laboratory testing services provided to hospital systems. It reflects the company's strategic focus on hospital partnerships and the degree to which the business model relies on institutional health system contracts versus direct-to-consumer or physician-office channels. Monitoring this percentage helps investors understand the company's exposure to hospital-based healthcare spending and the success of its outreach and laboratory management service offerings.

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