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Guardant Health GH Return on equity

Return on equity at other companies

Illumina logo
IlluminaILMN
33.8%+23.9pp
Natera, Inc. logo
Natera, Inc.NTRA
-29%+4.1pp
Quest Diagnostics logo
Quest DiagnosticsDGX
14.3%+0.9pp
Agilent Technologies logo
Agilent TechnologiesA
21.3%+2.4pp
Labcorp Holdings logo
Labcorp HoldingsLH
11.1%+2.1pp
Abbott logo
AbbottABT
12.4%-18.4pp

Other financials

Income statement

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Revenue$301.7M+48.3%
Gross profit$196.7M+52.8%
Operating income-$121.4M-9.3%
Net income-$112.1M-17.8%
EPS (diluted)-$0.85-10.4%

Balance sheet

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Cash & equivalents$1.1B+37.0%
Total debt$1.7B+30.5%
Total equity-$181.1M+27.8%
Total assets$1.9B+42.5%

Cash flow

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Operating cash flow-$65.6M-4.7%
CapEx$5.6M+25.1%
Free cash flow-$71.2M-6.0%

Valuation

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Market cap$17.12B+130%
Enterprise value$17.72B+121%
P/S15.9×+6.3×

Profitability

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Gross margin64.9%+3.6pp
Operating margin-41.4%-9.4pp
Net margin-40.1%-8.1pp

Returns & leverage

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Debt / equity
Current ratio4.7×+0.6×

Where this comes from

Calculated from Guardant Health’s reported figures.

Based on trailing twelve months.

The official record: Guardant Health’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Guardant Health's return on equity?
Guardant Health (GH) reported return on equity of -438.1% in Q4 2023.
How has Guardant Health's return on equity changed year-over-year?
Guardant Health's return on equity decreased by 136.0% year-over-year, from -185.7% to -438.1%.
What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.