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Quest Diagnostics DGX Free cash flow margin

Free cash flow margin at other companies

Labcorp Holdings logo
Labcorp HoldingsLH
9.8%+1.0pp
Natera, Inc. logo
Natera, Inc.NTRA
4.2%-0.5pp
Agilent Technologies logo
Agilent TechnologiesA
15%-2.9pp
Idexx Laboratories logo
Idexx LaboratoriesIDXX
24.4%+2.8pp
Danaher logo
DanaherDHR
21.4%+0.8pp
Guardant Health logo
Guardant HealthGH
-22%-6.7pp

Other financials

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+5.6%

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

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Market cap$21.89B+14.7%
Enterprise value$27.9B+9.5%
P/E21.4×+0.1×
P/S1.9×+0.1×

Profitability

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

Returns & leverage

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

Where this comes from

Calculated from Quest Diagnostics’s reported figures.

Based on trailing twelve months.

The official record: Quest Diagnostics’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Quest Diagnostics's free cash flow margin?
Quest Diagnostics (DGX) reported free cash flow margin of 11.8% in Q1 2026.
How has Quest Diagnostics's free cash flow margin changed year-over-year?
Quest Diagnostics's free cash flow margin increased by 13.1% year-over-year, from 10.4% to 11.8%.
What is the long-term trend for Quest Diagnostics's free cash flow margin?
Over 4 years (2021 to 2025), Quest Diagnostics's free cash flow margin has grown at a -10.5% compound annual growth rate (CAGR), from 73.6% to 47.2%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.