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Labcorp Holdings LH Asset turnover

Asset turnover at other companies

Quest Diagnostics logo
Quest DiagnosticsDGX
0.7×0.0×
Natera, Inc. logo
Natera, Inc.NTRA
1.2×0.0×
Agilent Technologies logo
Agilent TechnologiesA
0.6×0.0×
Guardant Health logo
Guardant HealthGH
0.7×+0.2×
Danaher logo
DanaherDHR
0.3×0.0×
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.4×0.0×

Other financials

Income statement

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Revenue$3.5B+5.8%
Gross profit$1.0B+6.9%
Operating income$380.8M+16.8%
Net income$277.8M+30.6%
EPS (diluted)$3.35+32.9%

Balance sheet

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Cash & equivalents$981.1M+166%
Total debt$7.2B+11.1%
Total equity$8.7B+5.1%
Total assets$19.1B+8.4%

Cash flow

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Operating cash flow$191.5M+935%
CapEx$121.0M-4.0%
Free cash flow$70.5M+166%

Valuation

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Market cap$21.28B+12.9%
Enterprise value$27.54B+10.2%
P/E22.6×-3.2×
P/S1.5×+0.1×

Profitability

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Gross margin28.8%+0.9pp
Operating margin10.2%+1.9pp
Net margin6.7%+1.1pp

Returns & leverage

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Return on equity11.1%+2.1pp
Debt / equity0.8×0.0×
Current ratio1.7×-0.1×

Where this comes from

Calculated from Labcorp Holdings’s reported figures.

Based on trailing twelve months.

The official record: Labcorp Holdings’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Labcorp Holdings's asset turnover?
Labcorp Holdings (LH) reported asset turnover of 0.8× in Q1 2026.
How has Labcorp Holdings's asset turnover changed year-over-year?
Labcorp Holdings's asset turnover decreased by 0.1% year-over-year, from 0.8× to 0.8×.
What is the long-term trend for Labcorp Holdings's asset turnover?
Over 4 years (2021 to 2025), Labcorp Holdings's asset turnover has grown at a -0.8% compound annual growth rate (CAGR), from 3.2× to 3.1×.
What does asset turnover mean?
How many sales dollars the company generates from each dollar of assets.
How do you interpret asset turnover?
Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
How does asset turnover compare across companies?
Compare within an industry — turnover differences across sectors reflect business models, not performance.