L

LABCORP HOLDINGS INC.

LH · CIK 0000920148

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$13.95B7.2%
FY2025
Net income (FY)
$876.5M17.5%
FY2025
Free cash flow (FY)
$1.21B10.0%
FY2025
Diluted EPS (FY)
$10.4618.3%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10B$15BFY2007 · Revenue $4.07B · Net income $476.8M · 0000920148-10-000021 · filed 2010-02-24FY07Revenue $4.07BNet income $476.8M0000920148-10-000021 · filed 2010-02-24FY2008 · Revenue $4.51B · Net income $464.5M · 0000920148-10-000021 · filed 2010-02-24FY08Revenue $4.51BNet income $464.5M0000920148-10-000021 · filed 2010-02-24FY2009 · Revenue $4.69B · Net income $543.3M · 0000920148-12-000039 · filed 2012-02-24FY09Revenue $4.69BNet income $543.3M0000920148-12-000039 · filed 2012-02-24FY2010 · Revenue $5.00B · Net income $558.2M · 0000920148-13-000022 · filed 2013-02-26FY10Revenue $5.00BNet income $558.2M0000920148-13-000022 · filed 2013-02-26FY2011 · Revenue $5.54B · Net income $519.7M · 0000920148-14-000021 · filed 2014-02-25FY11Revenue $5.54BNet income $519.7M0000920148-14-000021 · filed 2014-02-25FY2012 · Revenue $5.67B · Net income $583.1M · 0000920148-15-000020 · filed 2015-02-26FY12Revenue $5.67BNet income $583.1M0000920148-15-000020 · filed 2015-02-26FY2013 · Revenue $5.81B · Net income $573.8M · 0000920148-16-000165 · filed 2016-03-01FY13Revenue $5.81BNet income $573.8M0000920148-16-000165 · filed 2016-03-01FY2014 · Revenue $6.01B · Net income $511.2M · 0000920148-17-000018 · filed 2017-02-27 · 0000920148-16-000165 · filed 2016-03-01FY14Revenue $6.01BNet income $511.2M0000920148-17-000018 · filed 2017-02-27 · 0000920148-16-000165 · filed 2016-03-01FY2015 · Revenue $8.68B · Net income $437.6M · 0000920148-18-000024 · filed 2018-02-27FY15Revenue $8.68BNet income $437.6M0000920148-18-000024 · filed 2018-02-27FY2016 · Revenue $9.55B · Net income $711.8M · 0000920148-19-000033 · filed 2019-02-28FY16Revenue $9.55BNet income $711.8M0000920148-19-000033 · filed 2019-02-28FY2017 · Revenue $10.31B · Net income $1.23B · 0000920148-20-000011 · filed 2020-02-28FY17Revenue $10.31BNet income $1.23B0000920148-20-000011 · filed 2020-02-28FY2018 · Revenue $11.33B · Net income $883.7M · 0000920148-21-000018 · filed 2021-02-25FY18Revenue $11.33BNet income $883.7M0000920148-21-000018 · filed 2021-02-25FY2019 · Revenue $11.55B · Net income $823.8M · 0000920148-22-000015 · filed 2022-02-25FY19Revenue $11.55BNet income $823.8M0000920148-22-000015 · filed 2022-02-25FY2020 · Revenue $13.98B · Net income $1.56B · 0000920148-23-000017 · filed 2023-02-28FY20Revenue $13.98BNet income $1.56B0000920148-23-000017 · filed 2023-02-28FY2021 · Revenue $13.14B · Net income $2.38B · 0000920148-24-000014 · filed 2024-02-26FY21Revenue $13.14BNet income $2.38B0000920148-24-000014 · filed 2024-02-26FY2022 · Revenue $11.86B · Net income $1.28B · 0000920148-25-000032 · filed 2025-02-25FY22Revenue $11.86BNet income $1.28B0000920148-25-000032 · filed 2025-02-25FY2023 · Revenue $12.16B · Net income $418.0M · 0000920148-26-000111 · filed 2026-02-24FY23Revenue $12.16BNet income $418.0M0000920148-26-000111 · filed 2026-02-24FY2024 · Revenue $13.01B · Net income $746.0M · 0000920148-26-000111 · filed 2026-02-24FY24Revenue $13.01BNet income $746.0M0000920148-26-000111 · filed 2026-02-24FY2025 · Revenue $13.95B · Net income $876.5M · 0000920148-26-000111 · filed 2026-02-24FY25Revenue $13.95BNet income $876.5M0000920148-26-000111 · filed 2026-02-24FY25Revenue $13.95BNet income $876.5M0000920148-26-000111 · filed 2026-02-24FY07FY10FY13FY16FY19FY22FY25

revenue 3.4× since FY2007 · net margin 11.7% → 6.3%

MarginsNet marginFCF margin
0%10%20%FY2007 · Net margin 11.7% · FCF margin 13.9%FY07Net margin 11.7%FCF margin 13.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 10.3% · FCF margin 13.9%FY08Net margin 10.3%FCF margin 13.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 11.6% · FCF margin 15.9%FY09Net margin 11.6%FCF margin 15.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 11.2% · FCF margin 15.1%FY10Net margin 11.2%FCF margin 15.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 9.4% · FCF margin 12.8%FY11Net margin 9.4%FCF margin 12.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 10.3% · FCF margin 11.8%FY12Net margin 10.3%FCF margin 11.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 9.9% · FCF margin 10.6%FY13Net margin 9.9%FCF margin 10.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 8.5% · FCF margin 8.9%FY14Net margin 8.5%FCF margin 8.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 5.0% · FCF margin 8.4%FY15Net margin 5.0%FCF margin 8.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 7.5% · FCF margin 9.6%FY16Net margin 7.5%FCF margin 9.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 11.9% · FCF margin 11.5%FY17Net margin 11.9%FCF margin 11.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 7.8% · FCF margin 8.2%FY18Net margin 7.8%FCF margin 8.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 7.1% · FCF margin 9.0%FY19Net margin 7.1%FCF margin 9.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 11.1% · FCF margin 12.5%FY20Net margin 11.1%FCF margin 12.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 18.1% · FCF margin 20.5%FY21Net margin 18.1%FCF margin 20.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 10.8% · FCF margin 12.9%FY22Net margin 10.8%FCF margin 12.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 3.4% · FCF margin 7.2%FY23Net margin 3.4%FCF margin 7.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 5.7% · FCF margin 8.4%FY24Net margin 5.7%FCF margin 8.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 6.3% · FCF margin 8.6%FY25Net margin 6.3%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 6.3%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 6.3% · free cash flow 8.6% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2B$3BFY2007 · OCF $709.7M · FCF $567.1M · 0000920148-10-000021 · filed 2010-02-24FY07OCF $709.7MFCF $567.1M0000920148-10-000021 · filed 2010-02-24FY2008 · OCF $780.9M · FCF $624.2M · 0000920148-10-000021 · filed 2010-02-24FY08OCF $780.9MFCF $624.2M0000920148-10-000021 · filed 2010-02-24FY2009 · OCF $862.4M · FCF $747.7M · 0000920148-12-000039 · filed 2012-02-24FY09OCF $862.4MFCF $747.7M0000920148-12-000039 · filed 2012-02-24FY2010 · OCF $883.6M · FCF $757.5M · 0000920148-13-000022 · filed 2013-02-26FY10OCF $883.6MFCF $757.5M0000920148-13-000022 · filed 2013-02-26FY2011 · OCF $855.6M · FCF $709.9M · 0000920148-14-000021 · filed 2014-02-25FY11OCF $855.6MFCF $709.9M0000920148-14-000021 · filed 2014-02-25FY2012 · OCF $841.4M · FCF $667.6M · 0000920148-15-000020 · filed 2015-02-26FY12OCF $841.4MFCF $667.6M0000920148-15-000020 · filed 2015-02-26FY2013 · OCF $818.7M · FCF $616.5M · 0000920148-16-000165 · filed 2016-03-01FY13OCF $818.7MFCF $616.5M0000920148-16-000165 · filed 2016-03-01FY2014 · OCF $739.0M · FCF $535.5M · 0000920148-16-000165 · filed 2016-03-01FY14OCF $739.0MFCF $535.5M0000920148-16-000165 · filed 2016-03-01FY2015 · OCF $982.4M · FCF $726.6M · 0000920148-18-000024 · filed 2018-02-27FY15OCF $982.4MFCF $726.6M0000920148-18-000024 · filed 2018-02-27FY2016 · OCF $1.20B · FCF $918.2M · 0000920148-19-000033 · filed 2019-02-28FY16OCF $1.20BFCF $918.2M0000920148-19-000033 · filed 2019-02-28FY2017 · OCF $1.50B · FCF $1.19B · 0000920148-20-000011 · filed 2020-02-28FY17OCF $1.50BFCF $1.19B0000920148-20-000011 · filed 2020-02-28FY2018 · OCF $1.31B · FCF $925.6M · 0000920148-21-000018 · filed 2021-02-25FY18OCF $1.31BFCF $925.6M0000920148-21-000018 · filed 2021-02-25FY2019 · OCF $1.44B · FCF $1.04B · 0000920148-22-000015 · filed 2022-02-25FY19OCF $1.44BFCF $1.04B0000920148-22-000015 · filed 2022-02-25FY2020 · OCF $2.14B · FCF $1.75B · 0000920148-23-000017 · filed 2023-02-28FY20OCF $2.14BFCF $1.75B0000920148-23-000017 · filed 2023-02-28FY2021 · OCF $3.11B · FCF $2.69B · 0000920148-24-000014 · filed 2024-02-26FY21OCF $3.11BFCF $2.69B0000920148-24-000014 · filed 2024-02-26FY2022 · OCF $1.96B · FCF $1.53B · 0000920148-25-000032 · filed 2025-02-25FY22OCF $1.96BFCF $1.53B0000920148-25-000032 · filed 2025-02-25FY2023 · OCF $1.33B · FCF $874.1M · 0000920148-26-000111 · filed 2026-02-24FY23OCF $1.33BFCF $874.1M0000920148-26-000111 · filed 2026-02-24FY2024 · OCF $1.59B · FCF $1.10B · 0000920148-26-000111 · filed 2026-02-24FY24OCF $1.59BFCF $1.10B0000920148-26-000111 · filed 2026-02-24FY2025 · OCF $1.64B · FCF $1.21B · 0000920148-26-000111 · filed 2026-02-24FY25OCF $1.64BFCF $1.21B0000920148-26-000111 · filed 2026-02-24FY25OCF $1.64BFCF $1.21B0000920148-26-000111 · filed 2026-02-24’09’13’17’21’25

FY2025: $1.64B operating cash − $434.5M capex = $1.21B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2008 · ROE 27.5% · ROA 9.9%FY08ROE 27.5%ROA 9.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 25.8% · ROA 11.2%FY09ROE 25.8%ROA 11.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 22.6% · ROA 9.0%FY10ROE 22.6%ROA 9.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 20.8% · ROA 8.5%FY11ROE 20.8%ROA 8.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 21.5% · ROA 8.6%FY12ROE 21.5%ROA 8.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 23.0% · ROA 8.2%FY13ROE 23.0%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 18.1% · ROA 7.0%FY14ROE 18.1%ROA 7.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 8.8% · ROA 3.1%FY15ROE 8.8%ROA 3.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 12.9% · ROA 5.0%FY16ROE 12.9%ROA 5.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 18.0% · ROA 7.4%FY17ROE 18.0%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 12.7% · ROA 5.5%FY18ROE 12.7%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 10.9% · ROA 4.6%FY19ROE 10.9%ROA 4.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 16.5% · ROA 7.8%FY20ROE 16.5%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 23.1% · ROA 11.7%FY21ROE 23.1%ROA 11.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 12.7% · ROA 6.3%FY22ROE 12.7%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 5.3% · ROA 2.5%FY23ROE 5.3%ROA 2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 9.3% · ROA 4.1%FY24ROE 9.3%ROA 4.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 10.2% · ROA 4.8%FY25ROE 10.2%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 10.2%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 28% (FY2008) → 10% (FY2025) · on assets 4.8%

Balance sheetLiabilitiesEquity
$0$10B$20BFY2008 · Liabilities $2.86B · Equity $1.69BFY08Liabilities $2.86BEquity $1.69B0000920148-10-000021 · filed 2010-02-24FY2009 · Liabilities $2.73B · Equity $2.11BFY09Liabilities $2.73BEquity $2.11B0000920148-10-000021 · filed 2010-02-24FY2010 · Liabilities $3.70B · Equity $2.47BFY10Liabilities $3.70BEquity $2.47B0000920148-12-000039 · filed 2012-02-24FY2011 · Liabilities $3.59B · Equity $2.50BFY11Liabilities $3.59BEquity $2.50B0000920148-13-000022 · filed 2013-02-26FY2012 · Liabilities $4.06B · Equity $2.72BFY12Liabilities $4.06BEquity $2.72B0000920148-14-000021 · filed 2014-02-25FY2013 · Liabilities $4.46B · Equity $2.49BFY13Liabilities $4.46BEquity $2.49B0000920148-15-000020 · filed 2015-02-26FY2014 · Liabilities $4.46B · Equity $2.82BFY14Liabilities $4.46BEquity $2.82B0000920148-16-000165 · filed 2016-03-01FY2015 · Liabilities $9.14B · Equity $4.95BFY15Liabilities $9.14BEquity $4.95B0000920148-17-000018 · filed 2017-02-27FY2016 · Liabilities $8.73B · Equity $5.51BFY16Liabilities $8.73BEquity $5.51B0000920148-18-000024 · filed 2018-02-27FY2017 · Liabilities $9.85B · Equity $6.80BFY17Liabilities $9.85BEquity $6.80B0000920148-19-000033 · filed 2019-02-28FY2018 · Liabilities $9.19B · Equity $6.97BFY18Liabilities $9.19BEquity $6.97B0000920148-20-000011 · filed 2020-02-28FY2019 · Liabilities $10.46B · Equity $7.57BFY19Liabilities $10.46BEquity $7.57B0000920148-21-000018 · filed 2021-02-25FY2020 · Liabilities $10.61B · Equity $9.44BFY20Liabilities $10.61BEquity $9.44B0000920148-22-000015 · filed 2022-02-25FY2021 · Liabilities $10.09B · Equity $10.27BFY21Liabilities $10.09BEquity $10.27B0000920148-23-000017 · filed 2023-02-28FY2022 · Liabilities $10.04B · Equity $10.10BFY22Liabilities $10.04BEquity $10.10B0000920148-24-000014 · filed 2024-02-26FY2023 · Liabilities $8.83B · Equity $7.88BFY23Liabilities $8.83BEquity $7.88B0000920148-25-000032 · filed 2025-02-25FY2024 · Liabilities $10.31B · Equity $8.05BFY24Liabilities $10.31BEquity $8.05B0000920148-26-000111 · filed 2026-02-24FY2025 · Liabilities $9.76B · Equity $8.62BFY25Liabilities $9.76BEquity $8.62B0000920148-26-000111 · filed 2026-02-24FY25Liabilities $9.76BEquity $8.62B0000920148-26-000111 · filed 2026-02-24’09’13’17’21’25

FY2025: $18.39B assets · $9.76B liabilities · $8.62B equity

The receipts