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Labcorp Holdings LH Unbilled Revenue

Unbilled Revenue at other companies

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Charles River LaboratoriesCRL
$195.66M-9.1%
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Medpace Holdings, Inc.MEDP

Other financials

Income statement

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Revenue$3.7B+5.8%
Gross profit$1.1B+6.3%
Operating income$451.6M+14.5%
Net income$298.7M+25.6%
EPS (diluted)$3.64+28.2%

Balance sheet

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Cash & equivalents$141.8M-78.1%
Total debt$6.8B+11.8%
Total equity$8.6B+1.6%
Total assets$18.5B+2.6%

Cash flow

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Operating cash flow$445.5M-28.2%
CapEx$121.0M-4.0%
Free cash flow$313.9M-42.2%

Valuation

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Market cap$25.67B+18.4%
Enterprise value$32.29B+19.3%
P/E25.6×-2.8×
P/S1.8×+0.2×

Profitability

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Gross margin28.9%+0.7pp
Operating margin10.4%+1.6pp
Net margin7%+1.3pp
FCF margin8.1%-1.3pp

Returns & leverage

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Return on equity11.7%+2.5pp
Debt / equity0.8×+0.1×
Current ratio1.8×+0.3×

Where this comes from

Reported directly by Labcorp Holdings in its filing.

Tagged under the XBRL concept us-gaap:UnbilledContractsReceivable.

The source filing: Labcorp Holdings’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 6:53 AM EDT
Accession
0000920148-26-000162

FAQ

What is Labcorp Holdings's unbilled revenue?
Labcorp Holdings (LH) reported unbilled revenue of $162.4M in Q2 2026.
How has Labcorp Holdings's unbilled revenue changed year-over-year?
Labcorp Holdings's unbilled revenue increased by 4.0% year-over-year, from $156.1M to $162.4M.
What is the long-term trend for Labcorp Holdings's unbilled revenue?
Over 5 years (2020 to 2025), Labcorp Holdings's unbilled revenue has grown at a -21.8% compound annual growth rate (CAGR), from $536.8M to $156.9M.
What does unbilled revenue mean?
This represents revenue that has been earned through the performance of laboratory tests but has not yet been formally invoiced to the payer or patient. It arises due to timing differences between service delivery and the completion of the billing cycle. High levels can indicate operational bottlenecks in the revenue cycle or specific contract terms with large health systems.

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