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Labcorp Holdings LH Net debt / EBITDA

Net debt / EBITDA at other companies

Quest Diagnostics logo
Quest DiagnosticsDGX
2.8×-0.6×
Agilent Technologies logo
Agilent TechnologiesA
0.9×-0.3×
Danaher logo
DanaherDHR
1.9×-0.2×
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
3.2×-0.2×
Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
2.9×-1.0×
Abbott logo
AbbottABT
2.5×+1.9×

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 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 net debt / EBITDA?
Labcorp Holdings (LH) reported net debt / EBITDA of 2.9× in Q1 2026.
How has Labcorp Holdings's net debt / EBITDA changed year-over-year?
Labcorp Holdings's net debt / EBITDA decreased by 16.4% year-over-year, from 3.5× to 2.9×.
What is the long-term trend for Labcorp Holdings's net debt / EBITDA?
Over 2 years (2021 to 2025), Labcorp Holdings's net debt / EBITDA has grown at a 71.0% compound annual growth rate (CAGR), from 4.1× to 12×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.