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Labcorp Holdings LH Diagnostics — Other Cost and Expense, Operating

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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+30.5%
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$22.96B+9.4%
Enterprise value$29.22B+10.7%
P/E24.4×-3.1×
P/S1.6×+0.1×

Profitability

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Gross margin28.8%+0.9pp
Operating margin10.2%+1.9pp
Net margin6.7%+1.1pp
FCF margin9.8%+1.0pp

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

Reported directly by Labcorp Holdings in its filing.

Tagged under the XBRL concept us-gaap:OtherCostAndExpenseOperating.

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 diagnostics — other cost and expense, operating?
Labcorp Holdings (LH) reported diagnostics — other cost and expense, operating of $438M in Q1 2026.
How has Labcorp Holdings's diagnostics — other cost and expense, operating changed year-over-year?
Labcorp Holdings's diagnostics — other cost and expense, operating increased by 1.8% year-over-year, from $430.2M to $438M.
What is the long-term trend for Labcorp Holdings's diagnostics — other cost and expense, operating?
Over 2 years (2022 to 2025), Labcorp Holdings's diagnostics — other cost and expense, operating has grown at a 14.1% compound annual growth rate (CAGR), from $1.38B to $1.79B.
What does diagnostics — other cost and expense, operating mean?
This captures all remaining operating costs for the diagnostics segment not categorized as labor, supplies, or depreciation, including facility rent, utilities, IT infrastructure, and administrative overhead. It provides insight into the segment's fixed cost structure and general operational support expenses.