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Quest Diagnostics DGX Operating margin

Operating margin at other companies

Labcorp Holdings logo
Labcorp HoldingsLH
10.2%+1.9pp
Natera, Inc. logo
Natera, Inc.NTRA
-13%+0.6pp
Agilent Technologies logo
Agilent TechnologiesA
21.5%+0.1pp
Idexx Laboratories logo
Idexx LaboratoriesIDXX
31.6%+2.5pp
Danaher logo
DanaherDHR
19.2%-1.0pp
Guardant Health logo
Guardant HealthGH
-41.4%-9.4pp

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
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 operating margin?
Quest Diagnostics (DGX) reported operating margin of 14.3% in Q1 2026.
How has Quest Diagnostics's operating margin changed year-over-year?
Quest Diagnostics's operating margin increased by 4.1% year-over-year, from 13.7% to 14.3%.
What is the long-term trend for Quest Diagnostics's operating margin?
Over 4 years (2021 to 2025), Quest Diagnostics's operating margin has grown at a -12.2% compound annual growth rate (CAGR), from 94.2% to 55.9%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.