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Quest Diagnostics DGX Inventory turnover

Inventory turnover at other companies

Labcorp Holdings logo
Labcorp HoldingsLH
20.4×+0.7×
Agilent Technologies logo
Agilent TechnologiesA
3.3×+0.2×
Idexx Laboratories logo
Idexx LaboratoriesIDXX
4.3×+0.5×
Danaher logo
DanaherDHR
+0.3×
Guardant Health logo
Guardant HealthGH
4.7×+0.4×
Abbott logo
AbbottABT
2.9×+0.1×

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 inventory turnover?
Quest Diagnostics (DGX) reported inventory turnover of 36.4× in Q1 2026.
How has Quest Diagnostics's inventory turnover changed year-over-year?
Quest Diagnostics's inventory turnover decreased by 1.3% year-over-year, from 36.9× to 36.4×.
What is the long-term trend for Quest Diagnostics's inventory turnover?
Over 4 years (2021 to 2025), Quest Diagnostics's inventory turnover has grown at a 3.3% compound annual growth rate (CAGR), from 134.8× to 153.3×.
What does inventory turnover mean?
How many times a year the company sells through and restocks its inventory.
How do you interpret inventory turnover?
Higher turnover ties up less cash in stock and reduces obsolescence risk, but too high can signal stock-outs and lost sales. Read against peers and the company's own history.
How does inventory turnover compare across companies?
Only meaningful for businesses that carry inventory; automatically null for asset-light and financial firms with no inventory line.