DGX vs LH
Quest Diagnostics Inc. and Labcorp Holdings Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DGX | LH |
|---|---|---|
| Revenue | $11.0B | $14.0B |
| Net income | $992.0M | $876.5M |
| Gross margin | 33.2% | 28.8% |
| Net margin | 9.5% | 6.3% |
| Return on equity | 14.2% | 10.5% |
| Diluted EPS | $8.75 | $10.46 |
| Dividend / share | · | $2.88 |
| Payout ratio | 35.6% | 27.5% |
| Free cash flow | $1.4B | $1.2B |
| Equity | $7.2B | $8.6B |
| Net debt / equity | 0.73× | 0.59× |
| Current ratio | 1.04× | 1.42× |
| Revenue CAGR 5y | 3.2% | −0.0% |
| Profit CAGR 5y | −7.1% | −10.8% |
LH bills 1.3× the revenue of DGX, and DGX keeps more of each dollar of revenue as profit (9.5% against 6.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | DGX | LH |
|---|---|---|
| FY2025 | $11.0B | $14.0B |
| FY2024 | $9.9B | $13.0B |
| FY2023 | $9.3B | $12.2B |
| FY2022 | $9.9B | $11.9B |
| FY2021 | $10.8B | $13.1B |
| FY2020 | $9.4B | $14.0B |
| FY2019 | $7.7B | $11.6B |
| FY2018 | $7.5B | $11.3B |
| FY2017 | $7.4B | $10.3B |
| FY2016 | $7.2B | $9.6B |
Bottom line
| Fiscal year | DGX | LH |
|---|---|---|
| FY2025 | $992.0M | $876.5M |
| FY2024 | $871.0M | $746.0M |
| FY2023 | $854.0M | $418.0M |
| FY2022 | $946.0M | $1.3B |
| FY2021 | $2.0B | $2.4B |
| FY2020 | $1.4B | $1.6B |
| FY2019 | $858.0M | $823.8M |
| FY2018 | $736.0M | $883.7M |
| FY2017 | $772.0M | $1.2B |
| FY2016 | $645.0M | $711.8M |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$2,916,700,000 | LH |
| FY2024 | −$3,136,900,000 | LH |
| FY2023 | −$2,909,600,000 | LH |
| FY2022 | −$1,980,900,000 | LH |
| FY2021 | −$2,348,100,000 | LH |
| FY2020 | −$4,541,500,000 | LH |
| FY2019 | −$3,828,800,000 | LH |
| FY2018 | −$3,802,400,000 | LH |
| FY2017 | −$2,906,000,000 | LH |
| FY2016 | −$2,338,900,000 | LH |
| FY2015 | −$1,187,100,000 | LH |
| FY2014 | +$1,423,400,000 | DGX |
| FY2013 | +$1,337,700,000 | DGX |
| FY2012 | +$1,711,600,000 | DGX |
| FY2011 | +$1,849,700,000 | DGX |
| FY2010 | +$2,256,220,000 | DGX |
| FY2009 | +$2,760,543,000 | DGX |
| FY2008 | +$2,744,247,000 | DGX |
| FY2007 | +$2,636,707,000 | DGX |
The higher-revenue side has changed between DGX and LH over this period. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +3.2 pp | DGX |
| FY2024 | +3.6 pp | DGX |
| FY2023 | +6.4 pp | DGX |
| FY2022 | −0.5 pp | LH |
| FY2021 | +1.2 pp | DGX |
| FY2020 | +4.7 pp | DGX |
| FY2019 | +4.6 pp | DGX |
| FY2018 | +2.7 pp | DGX |
| FY2017 | −0.8 pp | LH |
| FY2016 | +2.2 pp | DGX |
| FY2015 | +5.0 pp | DGX |
| FY2014 | −0.6 pp | LH |
| FY2013 | +2.5 pp | DGX |
| FY2012 | −2.3 pp | LH |
| FY2011 | −2.8 pp | LH |
| FY2010 | −1.0 pp | LH |
| FY2009 | −1.6 pp | LH |
| FY2008 | −2.1 pp | LH |
| FY2007 | −6.3 pp | LH |
The higher net margin has changed hands between DGX and LH over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LH's net margin has been more volatile than DGX's over the 19 comparable fiscal years — 3.2 percentage points of standard deviation against 3.0.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DGX and LH over these 19 fiscal years — DGX led in 10 and LH in 9.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LH's return on equity has been more volatile than DGX's over the 19 comparable fiscal years — 6.7 percentage points of standard deviation against 4.4.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between DGX and LH over these 19 fiscal years — DGX led in 11 and LH in 8.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.