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Labcorp Holdings LH Operating margin

Operating margin at other companies

Quest Diagnostics logo
Quest DiagnosticsDGX
14.3%+0.6pp
Natera, Inc. logo
Natera, Inc.NTRA
-13%+0.6pp
Agilent Technologies logo
Agilent TechnologiesA
21.5%+0.1pp
Guardant Health logo
Guardant HealthGH
-41.4%-9.4pp
Danaher logo
DanaherDHR
19.2%-1.0pp
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
17.2%+0.8pp

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
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 operating margin?
Labcorp Holdings (LH) reported operating margin of 10.2% in Q1 2026.
How has Labcorp Holdings's operating margin changed year-over-year?
Labcorp Holdings's operating margin increased by 22.9% year-over-year, from 8.3% to 10.2%.
What is the long-term trend for Labcorp Holdings's operating margin?
Over 2 years (2021 to 2025), Labcorp Holdings's operating margin has grown at a -38.0% compound annual growth rate (CAGR), from 95.5% to 36.7%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.