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Labcorp Holdings LH Gross margin

Gross margin at other companies

Quest Diagnostics logo
Quest DiagnosticsDGX
33.2%+0.4pp
Agilent Technologies logo
Agilent TechnologiesA
52.7%-0.6pp
Guardant Health logo
Guardant HealthGH
64.9%+3.6pp
Danaher logo
DanaherDHR
58.9%-0.8pp
Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
46.8%+2.5pp
Abbott logo
AbbottABT
56.3%+0.4pp

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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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 gross margin?
Labcorp Holdings (LH) reported gross margin of 28.8% in Q1 2026.
How has Labcorp Holdings's gross margin changed year-over-year?
Labcorp Holdings's gross margin increased by 3.4% year-over-year, from 27.9% to 28.8%.
What is the long-term trend for Labcorp Holdings's gross margin?
Over 4 years (2021 to 2025), Labcorp Holdings's gross margin has grown at a -7.1% compound annual growth rate (CAGR), from 151.8% to 113.2%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.