Stocktoria

LABCORP HOLDINGS INC. LH

NYSE · stock · Services-Medical Laboratories · website · IPO 1991-04-24

LABCORP HOLDINGS INC. statistics & valuation

Market cap$22.3B
P / E25.4×
P / S1.6×
P / B2.6×
P / FCF18.5×
Dividend yield1.08%
Net margin6.3%
Return on equity10.2%
FCF margin8.6%
Net debt$4.6B
Net debt / EBITDA2.2×
Enterprise value USD$26.8B
EV / EBITDA13×
Earnings yield EBIT/EV5.2%
Return on capital8.9%
Graham number -51.9%$155.59

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($155.59); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.50% 11.90% 7.80% 7.10% 11.10% 18.10% 10.80% 3.40% 5.70% 6.30% 2016201720182019202020212022202320242025
Gross margin (%)
29.90% 30.00% 28.00% 28.10% 35.40% 38.00% 31.30% 27.70% 27.90% 28.80% 2016201720182019202020212022202320242025
Operating margin (%)
13.30% 12.70% 11.70% 11.50% 17.50% 23.20% 12.10% 6.00% 8.40% 9.90% 2016201720182019202020212022202320242025
Return on equity (%)
12.90% 18.00% 12.50% 10.80% 16.50% 23.10% 12.70% 5.30% 9.30% 10.20% 2016201720182019202020212022202320242025
Shares outstanding
104.3M 103.9M 102.6M 98.6M 98.0M 97.5M 91.6M 87.6M 84.4M 83.8M 2016201720182019202020212022202320242025
Net debt ($)
$5.34B $6.38B $5.57B $5.87B $4.10B $3.94B $4.72B $3.52B $3.81B $4.55B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.00% 7.40% 5.50% 4.60% 7.80% 11.70% 6.30% 2.50% 4.10% 4.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
9.60% 11.50% 8.20% 9.00% 12.50% 20.50% 12.90% 7.20% 8.40% 8.60% 2016201720182019202020212022202320242025
Debt / equity (×)
1.05× 0.98× 0.85× 0.81× 0.57× 0.53× 0.50× 0.51× 0.66× 0.59× 2016201720182019202020212022202320242025
EPS ($)
$6.82 $11.81 $8.61 $8.35 $15.88 $24.39 $13.97 $4.77 $8.84 $10.46 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

LABCORP HOLDINGS INC. trades at about 30.9× earnings — above its 10-year norm (10-year range 9.6×–46.6×, median 16.9×).

9.6× 46.6×

Shaded band = 10-year range (9.6×–46.6×); dot = today's 30.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin28.8%27.9%27.7%31.3%38.0%35.4%28.1%28.0%30.0%29.9%
Operating margin9.9%8.4%6.0%12.1%23.2%17.5%11.5%11.7%12.7%13.3%
Net margin6.3%5.7%3.4%10.8%18.1%11.1%7.1%7.8%11.9%7.5%
FCF margin8.6%8.4%7.2%12.9%20.5%12.5%9.0%8.2%11.5%9.6%
Return on assets4.8%4.1%2.5%6.3%11.7%7.8%4.6%5.5%7.4%5.0%
Return on equity10.2%9.3%5.3%12.7%23.1%16.5%10.8%12.5%18.0%12.9%
Debt / equity0.59×0.66×0.51×0.50×0.53×0.57×0.81×0.85×0.98×1.05×
Current ratio1.421.441.171.501.921.661.121.511.251.36

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.