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Quest Diagnostics DGX Net debt / EBITDA

Net debt / EBITDA at other companies

Labcorp Holdings logo
Labcorp HoldingsLH
2.9×-0.6×
Agilent Technologies logo
Agilent TechnologiesA
0.9×-0.3×
Idexx Laboratories logo
Idexx LaboratoriesIDXX
0.2×-0.2×
Danaher logo
DanaherDHR
1.9×-0.2×
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
3.3×+0.5×
Abbott logo
AbbottABT
2.5×+1.9×

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 the most recent quarter.

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 net debt / EBITDA?
Quest Diagnostics (DGX) reported net debt / EBITDA of 2.8× in Q1 2026.
How has Quest Diagnostics's net debt / EBITDA changed year-over-year?
Quest Diagnostics's net debt / EBITDA decreased by 17.7% year-over-year, from 3.3× to 2.8×.
What is the long-term trend for Quest Diagnostics's net debt / EBITDA?
Over 4 years (2021 to 2025), Quest Diagnostics's net debt / EBITDA has grown at a 23.8% compound annual growth rate (CAGR), from 5.1× to 12×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.