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MARKETS / NYSE / LH
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
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
5B10B2007201020132016201920222025
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%
+4.9%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%2007201020132016201920222025
ROE
FY2025 · ROE 10.5%
10%20%2007201020132016201920222025

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
1B2B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.2 · Net buybacks 0.4
0.8B1.6BDividendsNet buybacks2007201020132016201920222025

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
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 · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 92 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 3 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Medical Laboratories
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2007

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