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Labcorp Holdings LH Diagnostics — Supplies Expense

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$121.5M+9.4%

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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:SuppliesExpense.

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 — supplies expense?
Labcorp Holdings (LH) reported diagnostics — supplies expense of $613.5M in Q1 2026.
How has Labcorp Holdings's diagnostics — supplies expense changed year-over-year?
Labcorp Holdings's diagnostics — supplies expense increased by 4.6% year-over-year, from $586.6M to $613.5M.
What is the long-term trend for Labcorp Holdings's diagnostics — supplies expense?
Over 3 years (2022 to 2025), Labcorp Holdings's diagnostics — supplies expense has grown at a 7.2% compound annual growth rate (CAGR), from $1.91B to $2.36B.
What does diagnostics — supplies expense mean?
This represents the costs associated with consumables, reagents, testing kits, and other materials required to perform diagnostic laboratory tests. It is a variable cost that scales directly with testing volume and is a key driver of gross margin.