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NYSE · SERVICES-MEDICAL LABORATORIES · LARGE CAP

Labcorp Holdings Inc. LH

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$14.0B
▲ 7.2% YoY
$876.5M
▲ 17.5% YoY
$1.2B
▲ 10.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Labcorp Holdings Inc. provides its services to a broad range of customers across two business segments. During 2025, the Company's nearly 71,000 employees served clients in approximately 100 countries and performed more than 750 million tests for patients around the world. The Company is organized under two segments: Dx, which includes routine testing and specialty/esoteric testing, and BLS, consisting of Central Laboratory and ED businesses. During 2025, the Dx segment generated $10,876.5 million in revenues, offering a comprehensive menu of core and specialty testing through an integrated network of primary and specialty laboratories across the U.S. and Canada, with more than 2,200 patient service centers and more than 7,000 in-office phlebotomists. BLS serves pharmaceutical, biotechnology and diagnostic companies worldwide, operating a global network with expertise across early development and clinical trial execution in multiple therapeutic areas, and generated $3,098.2 million in revenues during 2025. During 2025, the Company invested $582.0 million in strategic business acquisitions.

Written from the business description in LABCORP HOLDINGS INC.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 14.0B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 14.0 · Net income 0.9
5B10B
2007201020132016201920222025
Compound annual growth
+5.6%
−0.0%
+4.9%
+7.1%
−11.8%
−10.8%
+7.2%
+3.1%
−9.2%
−8.0%
+9.2%
+4.6%
+10.1%
−18.9%
+52.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −0.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 9.9% · Net 6.3%
10%20%
200720162025
ROE
FY2025 · ROE 10.5%
10%20%
200720162025
Three returns, three denominators.

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders

USD 688.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.2
1B2B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.2 · Net buybacks 0.4
1B2BDividendsNet buybacks
2007201020132016201920222025

USD 240.7M in dividends and USD 447.5M in buybacks — 79% of the year's profit went back to shareholders.

Total assetsUSD 18.4B
EquityUSD 8.6B
CashUSD 532.3M
Gross debtUSD 5.6B
Net debtUSD 5.1B
Current ratio1.42×

Net debt stands at 59% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
LH, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B14.013.012.211.913.114.011.611.310.39.68.76.05.85.75.55.04.74.54.1
Operating income $B1.41.10.71.43.02.41.31.31.31.31.00.91.01.00.91.00.90.80.8
EBITDA $B2.11.71.32.03.63.11.91.91.81.81.51.21.21.31.21.21.11.00.9
Income tax $B0.20.20.20.20.70.70.30.4−0.20.40.30.30.30.40.30.30.30.30.3
Net income $B0.90.70.41.32.41.60.80.91.20.70.40.50.60.60.50.60.50.50.5
Free cash flow $B1.21.10.91.52.71.81.00.91.20.90.70.50.60.70.70.80.70.60.6
EPS, diluted $10.468.844.7713.9724.3915.888.358.6111.816.824.355.916.255.995.115.294.984.163.93
Dividend / sh $2.882.882.882.16◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %27336115———————————————
ROE %10.59.44.712.624.118.211.212.819.913.611.319.215.415.720.924.428.627.227.6
Shares out B0.080.080.080.090.09◌0.100.100.100.100.100.080.090.090.100.100.110.11◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 92 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008. One check was skipped: the share count is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Medical Laboratories
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2007

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