Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Labcorp Holdings Inc.

LH · NYSE · Healthcare

Fundamental quality

DEMANDING

48

out of 100

Labcorp Holdings Inc. earns a fundamental-quality score of 48 out of 100, profiling it as a company with demanding fundamentals. Its score rests mainly on its financial strength (net debt 2.52× EBITDA). Its weakest area is its growth (revenue +0.2%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Labcorp is one of America's two big clinical laboratory networks: blood work and diagnostic tests for millions of patients run through its centers. A volume, routine and scale business where size is the advantage.

What will shape its future

  • Test volumes: underlying healthcare demand, steady and growing with the median age.
  • Insurer and government reimbursement rates, the eternal pressure on price per test.
  • Acquisitions of hospital labs, its quiet growth channel.

Breakdown by area

I.Growth
22

EPS growth: -6.3% · Revenue growth: 0.2%

II.Profitability
56

Net margin: 6.7% · ROE: 10.8% · ROIC: 8.1%

III.Financial health
67

Net debt/EBITDA: 2.52x · FCF: 9.8%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 36%
ROEbeats 35%
Growthbeats 5%
Cash generationbeats 33%
Less debtbeats 43%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Labcorp Holdings Inc. strengths

  • Positive free cash flow year after year, a self-funding business.

Labcorp Holdings Inc. risks and weaknesses

  • Shrinking margins: net margin has fallen from 11% to 6% in recent years.
  • Declining earnings per share (-6.3% annualized).
  • Weak revenue growth (0.2% annualized).

Labcorp Holdings Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202013,9791,5561,7544,475
202113,1362,3772,6883,945
202211,8641,2791,5275,020
202312,1624188744,518
202413,0097461,0964,813
202513,9528771,2065,052

Between 2020 and 2025, revenue went from $13,979M to $13,952M (+0%) and net income went from $1,556M to $877M (-44%). Meanwhile, its margins have narrowed (from 11% to 6%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+5.8%
  • Net income+30.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$2.88

per share, yearly

27.5% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

Advertising

Invest smart: choose your broker well

Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.

Interactive BrokersGlobal markets

The serious investor's standard

Open free account →
WebullCommission-free

Popular in the U.S.

Open free account →

Investing carries risk of loss.

Is Labcorp Holdings Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Labcorp Holdings Inc. a good company to invest in?

In terms of business quality, Labcorp Holdings Inc. scores 48 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Labcorp Holdings Inc. a profitable company?

Labcorp Holdings Inc. is profitable, with a net margin of 6.7%, though a thin one.

Does Labcorp Holdings Inc. have a lot of debt?

A moderate level: its net debt is 2.52 times its EBITDA.

Is Labcorp Holdings Inc. growing?

Its revenue has grown 0.2% annualized in recent years.

Does Labcorp Holdings Inc. generate cash?

Yes. It converts about 9.8% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Was this page helpful?