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Labcorp Holdings LH Free cash flow margin

Free cash flow margin at other companies

Quest Diagnostics logo
Quest DiagnosticsDGX
11.8%+1.4pp
Natera, Inc. logo
Natera, Inc.NTRA
4.2%-0.5pp
Agilent Technologies logo
Agilent TechnologiesA
15%-2.9pp
Guardant Health logo
Guardant HealthGH
-22%-6.7pp
Danaher logo
DanaherDHR
21.4%+0.8pp
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
15.7%-2.1pp

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 free cash flow margin?
Labcorp Holdings (LH) reported free cash flow margin of 9.8% in Q1 2026.
How has Labcorp Holdings's free cash flow margin changed year-over-year?
Labcorp Holdings's free cash flow margin increased by 11.9% year-over-year, from 8.7% to 9.8%.
What is the long-term trend for Labcorp Holdings's free cash flow margin?
Over 4 years (2021 to 2025), Labcorp Holdings's free cash flow margin has grown at a -15.5% compound annual growth rate (CAGR), from 72.3% to 36.8%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.