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Labcorp Holdings (LH) | Financial Analysis & Statements

Labcorp Holdings Inc. | Large-cap | Healthcare

$276.11

-0.74%

Labcorp Holdings vs Thermo Fisher Labcorp Holdings vs Danaher Labcorp Holdings vs Idexx Laboratories Labcorp Holdings vs Agilent Technologies Labcorp Holdings vs Iqvia Holdings Labcorp Holdings vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 3.3B

Gross Profit 948.0M 28.34%

Operating Income 332.4M 9.94%

Net Income 213.0M 6.37%

EPS (Diluted) $2.52

Balance Sheet Metrics

Total Assets 17.6B

Total Liabilities 9.3B

Shareholders Equity 8.3B

Debt to Equity 1.12

Cash Flow Metrics

Operating Cash Flow 148.2M

Free Cash Flow -107.5M

Revenue & Profitability Trend

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Labcorp Holdings Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	13.0B	12.2B	11.9B	13.1B	14.0B
Cost of Goods Sold i	9.4B	8.8B	8.2B	8.1B	9.0B
Gross Profit i	3.6B	3.4B	3.7B	5.0B	5.0B
Gross Margin % i	27.9%	27.7%	31.3%	38.0%	35.4%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	2.2B	2.0B	1.8B	1.7B	1.7B
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	2.2B	2.0B	1.8B	1.7B	1.7B
Operating Income i	1.1B	1.1B	1.8B	3.1B	2.9B
Operating Margin % i	8.7%	9.2%	14.8%	23.4%	21.1%
Non-Operating Items
Interest Income i	-	-	-	-	-
Interest Expense i	208.3M	199.6M	179.8M	211.8M	207.4M
Other Non-Operating Income	29.8M	-355.2M	-335.0M	26.8M	-521.6M
Pre-tax Income i	959.5M	568.9M	1.2B	2.9B	2.2B
Income Tax i	212.4M	188.5M	233.9M	690.0M	662.1M
Effective Tax Rate % i	22.1%	33.1%	18.9%	23.9%	29.8%
Net Income i	747.1M	419.2M	1.3B	2.4B	1.6B
Net Margin % i	5.7%	3.4%	10.8%	18.1%	11.1%
Key Metrics
EBITDA i	1.8B	1.7B	2.3B	3.7B	3.5B
EPS (Basic) i	$8.89	$4.80	$14.05	$24.60	$15.99
EPS (Diluted) i	$8.84	$4.77	$13.97	$24.39	$15.88
Basic Shares Outstanding i	83900000	87100000	91100000	96700000	97300000
Diluted Shares Outstanding i	83900000	87100000	91100000	96700000	97300000

Income Statement Trend

Labcorp Holdings Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	1.5B	536.8M	320.6M	1.5B	1.3B
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	1.9B	1.9B	1.8B	2.3B	2.5B
Inventory i	493.2M	474.6M	470.6M	401.4M	423.2M
Other Current Assets	697.6M	655.3M	610.4M	478.1M	364.8M
Total Current Assets i	4.8B	3.8B	4.6B	5.3B	5.1B
Non-Current Assets
Property, Plant & Equipment i	784.5M	737.1M	738.1M	746.3M	789.8M
Goodwill i	16.2B	15.6B	15.4B	19.7B	19.5B
Intangible Assets i	3.5B	3.3B	3.1B	3.7B	4.0B
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	652.2M	536.5M	3.4B	484.2M	430.6M
Total Non-Current Assets i	13.6B	13.0B	15.5B	15.1B	14.9B
Total Assets i	18.4B	16.7B	20.2B	20.4B	20.1B
Liabilities
Current Liabilities
Accounts Payable i	875.8M	827.5M	852.2M	621.3M	638.9M
Short-term Debt i	1.2B	1.2B	471.1M	199.0M	575.4M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	-	-	657.6M	-	-
Total Current Liabilities i	3.3B	3.2B	3.1B	2.8B	3.1B
Non-Current Liabilities
Long-term Debt i	6.1B	4.8B	5.8B	6.1B	6.2B
Deferred Tax Liabilities i	383.1M	417.9M	543.4M	762.9M	828.5M
Other Non-Current Liabilities	136.2M	142.3M	161.3M	81.1M	216.7M
Total Non-Current Liabilities i	7.0B	5.6B	7.0B	7.3B	7.5B
Total Liabilities i	10.3B	8.8B	10.0B	10.1B	10.6B
Equity
Common Stock i	7.6M	7.7M	8.1M	8.5M	9.0M
Retained Earnings i	8.3B	7.9B	10.6B	10.5B	9.5B
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	8.1B	7.9B	10.1B	10.3B	9.5B
Key Metrics
Total Debt i	7.3B	6.0B	6.2B	6.3B	6.8B
Working Capital i	1.5B	540.2M	1.5B	2.5B	2.0B

Balance Sheet Composition

Labcorp Holdings Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	747.1M	380.4M	1.0B	2.2B	1.6B
Depreciation & Amortization i	643.5M	577.3M	537.2M	577.0M	624.7M
Stock-Based Compensation i	116.7M	128.7M	116.8M	132.9M	111.7M
Working Capital Changes i	13.0M	-12.9M	330.8M	227.6M	-1.1B
Operating Cash Flow i	1.7B	1.2B	2.2B	3.2B	1.4B
Investing Activities
Capital Expenditures i	-	-	-	-	-
Acquisitions i	-823.9M	-671.5M	-1.2B	-496.9M	-267.6M
Investment Purchases i	-55.0M	-29.0M	-17.4M	-27.8M	-40.1M
Investment Sales i	0	6.7M	8.1M	13.2M	4.1M
Investing Cash Flow i	-876.9M	-693.2M	-1.2B	-424.2M	-261.5M
Financing Activities
Share Repurchases i	-250.1M	-1.0B	-1.1B	-1.7B	-100.0M
Dividends Paid i	-243.1M	-254.0M	-195.2M	0	0
Debt Issuance i	4.5B	2.5B	787.4M	1.0B	0
Debt Repayment i	-3.5B	-2.8B	-787.4M	-1.4B	-563.9M
Financing Cash Flow i	723.7M	-1.6B	-534.8M	-2.1B	-517.4M
Free Cash Flow i	1.1B	874.1M	1.5B	2.7B	1.8B
Net Change in Cash i	1.6B	-1.0B	505.0M	737.7M	641.8M

Cash Flow Trend

Labcorp Holdings Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 30.67

Forward P/E 17.36

Price to Book 2.72

Price to Sales 1.71

PEG Ratio 1.83

Profitability Ratios

Profit Margin 5.66%

Operating Margin 11.30%

Return on Equity 9.26%

Return on Assets 4.44%

Financial Health

Current Ratio 1.50

Debt to Equity 77.78

Beta 0.76

Per Share Data

EPS (TTM) $9.07

Book Value per Share $102.20

Revenue per Share $161.29

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
lh	23.1B	30.67	2.72	9.26%	5.66%	77.78
Thermo Fisher	188.8B	28.95	3.74	13.42%	15.24%	69.62
Danaher	151.7B	45.06	2.90	6.68%	14.21%	35.45
Idexx Laboratories	51.6B	53.75	35.47	64.87%	24.41%	84.81
Agilent Technologies	34.6B	29.96	5.63	18.88%	17.59%	60.04
Iqvia Holdings	32.5B	27.70	5.62	19.79%	7.88%	272.12

Financial data is updated regularly. All figures are in the company's reporting currency.