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Labcorp Holdings LH Current ratio

Current ratio at other companies

Quest Diagnostics logo
Quest DiagnosticsDGX
1.2×-0.3×
Natera, Inc. logo
Natera, Inc.NTRA
-0.9×
Agilent Technologies logo
Agilent TechnologiesA
2.1×0.0×
Guardant Health logo
Guardant HealthGH
4.7×+0.6×
Danaher logo
DanaherDHR
1.9×+0.4×
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
1.5×-0.2×

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×

Where this comes from

Calculated from Labcorp Holdings’s reported figures.

Based on the most recent quarter.

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 current ratio?
Labcorp Holdings (LH) reported current ratio of 1.7× in Q1 2026.
How has Labcorp Holdings's current ratio changed year-over-year?
Labcorp Holdings's current ratio decreased by 6.0% year-over-year, from 1.8× to 1.7×.
What is the long-term trend for Labcorp Holdings's current ratio?
Over 4 years (2021 to 2025), Labcorp Holdings's current ratio has grown at a -5.2% compound annual growth rate (CAGR), from 7.8× to 6.3×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.