Labcorp Holdings (LH) Ratios
Labcorp Holdings Ratios
MX:LH's free cash flow for Q3 2026 was $412.20M. For the 2026 fiscal year, MX:LH's free cash flow was decreased by $-151.60M and operating cash flow was $563.80M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.42 | 1.44 | 1.17 | 1.50 | 1.92 |
| Quick Ratio | 1.23 | 1.30 | 1.02 | 1.35 | 1.77 |
| Cash Ratio | 0.19 | 0.46 | 0.17 | 0.10 | 0.53 |
| Solvency Ratio | 0.16 | 0.13 | 0.11 | 0.18 | 0.29 |
| Operating Cash Flow Ratio | 0.58 | 0.48 | 0.41 | 0.64 | 1.12 |
| Short-Term Operating Cash Flow Coverage | 2.36 | 1.59 | 1.33 | 6.49 | 2073.07 |
| Net Current Asset Value | $ -5.74B | $ -5.51B | $ -5.07B | $ -5.41B | $ -4.76B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.39 | 0.40 | 0.36 | 0.31 | 0.31 |
| Debt-to-Equity Ratio | 0.84 | 0.90 | 0.76 | 0.62 | 0.62 |
| Debt-to-Capital Ratio | 0.46 | 0.47 | 0.43 | 0.38 | 0.38 |
| Long-Term Debt-to-Capital Ratio | 0.40 | 0.40 | 0.34 | 0.33 | 0.35 |
| Financial Leverage Ratio | 2.13 | 2.28 | 2.12 | 2.00 | 1.98 |
| Debt Service Coverage Ratio | 1.94 | 1.32 | 0.97 | 3.58 | 14.00 |
| Interest Coverage Ratio | 6.77 | 5.22 | 3.64 | 7.99 | 14.39 |
| Debt to Market Cap | 0.31 | 0.33 | 0.26 | 0.29 | 0.21 |
| Interest Debt Per Share | 89.28 | 89.17 | 70.65 | 70.54 | 67.78 |
| Net Debt to EBITDA | 3.31 | 3.18 | 4.01 | 3.03 | 1.32 |
| Profitability Margins | |||||
| Gross Profit Margin | 26.75% | 27.86% | 27.67% | 31.26% | 38.01% |
| EBIT Margin | 9.54% | 8.98% | 6.32% | 11.95% | 23.59% |
| EBITDA Margin | 14.43% | 13.92% | 11.10% | 16.47% | 27.99% |
| Operating Profit Margin | 10.87% | 8.35% | 5.97% | 12.11% | 23.21% |
| Pretax Profit Margin | 7.94% | 7.38% | 4.68% | 10.43% | 21.98% |
| Net Profit Margin | 6.28% | 5.73% | 3.44% | 10.78% | 18.10% |
| Continuous Operations Profit Margin | 6.29% | 5.74% | 3.13% | 8.46% | 16.73% |
| Net Income Per EBT | 79.14% | 77.75% | 73.48% | 103.37% | 82.33% |
| EBT Per EBIT | 73.04% | 88.29% | 78.40% | 86.14% | 94.72% |
| Return on Assets (ROA) | 4.77% | 4.06% | 2.50% | 6.35% | 11.66% |
| Return on Equity (ROE) | 10.17% | 9.26% | 5.31% | 12.67% | 23.14% |
| Return on Capital Employed (ROCE) | 9.74% | 7.22% | 5.37% | 8.41% | 17.32% |
| Return on Invested Capital (ROIC) | 7.39% | 5.21% | 3.31% | 6.64% | 13.03% |
| Return on Tangible Assets | 10.95% | 8.76% | 5.77% | 11.73% | 27.35% |
| Earnings Yield | 4.20% | 3.88% | 2.11% | 6.94% | 9.11% |
| Efficiency Ratios | |||||
| Receivables Turnover | 6.17 | 6.20 | 5.79 | 5.94 | 4.41 |
| Payables Turnover | 12.15 | 10.72 | 10.63 | 9.57 | 13.11 |
| Inventory Turnover | 19.11 | 19.03 | 18.53 | 17.33 | 20.29 |
| Fixed Asset Turnover | 4.53 | 4.27 | 4.18 | 4.25 | 4.67 |
| Asset Turnover | 0.76 | 0.71 | 0.73 | 0.59 | 0.64 |
| Working Capital Turnover Ratio | 10.44 | 12.90 | 11.66 | 5.80 | 5.72 |
| Cash Conversion Cycle | 48.21 | 43.96 | 48.34 | 44.37 | 72.90 |
| Days of Sales Outstanding | 59.14 | 58.84 | 62.99 | 61.45 | 82.76 |
| Days of Inventory Outstanding | 19.10 | 19.18 | 19.69 | 21.06 | 17.99 |
| Days of Payables Outstanding | 30.03 | 34.06 | 34.34 | 38.14 | 27.85 |
| Operating Cycle | 78.24 | 78.02 | 82.68 | 82.51 | 100.75 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 19.72 | 18.90 | 15.24 | 21.47 | 32.16 |
| Free Cash Flow Per Share | 14.50 | 13.06 | 10.04 | 16.18 | 27.40 |
| Dividend Paid and CapEx Coverage Ratio | 2.43 | 2.16 | 1.88 | 2.89 | 6.75 |
| Capital Expenditure Coverage Ratio | 3.78 | 3.24 | 2.93 | 4.06 | 6.75 |
| Operating Cash Flow Coverage Ratio | 0.23 | 0.22 | 0.22 | 0.31 | 0.49 |
| Operating Cash Flow to Sales Ratio | 0.12 | 0.12 | 0.11 | 0.16 | 0.24 |
| Free Cash Flow Yield | 5.78% | 5.70% | 4.42% | 8.00% | 10.15% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 23.80 | 25.80 | 47.36 | 14.41 | 10.98 |
| Price-to-Sales (P/S) Ratio | 1.50 | 1.48 | 1.63 | 1.55 | 1.99 |
| Price-to-Book (P/B) Ratio | 2.42 | 2.39 | 2.51 | 1.83 | 2.54 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 17.31 | 17.56 | 22.65 | 12.50 | 9.85 |
| Price-to-Operating Cash Flow Ratio | 12.72 | 12.13 | 14.91 | 9.42 | 8.39 |
| Price-to-Earnings Growth (PEG) Ratio | 1.28 | 0.30 | -0.72 | -0.34 | 0.20 |
| Enterprise Value Multiple | 13.69 | 13.80 | 18.69 | 12.46 | 8.42 |
| Enterprise Value | 27.54B | 24.99B | 25.21B | 24.35B | 30.97B |
| EV to EBITDA | 13.69 | 13.80 | 18.69 | 12.46 | 8.42 |
| EV to Sales | 1.97 | 1.92 | 2.07 | 2.05 | 2.36 |
| EV to Free Cash Flow | 22.84 | 22.81 | 28.85 | 16.52 | 11.69 |
| EV to Operating Cash Flow | 16.79 | 15.76 | 18.99 | 12.45 | 9.96 |
| Tangible Book Value Per Share | -21.02 | -21.36 | -18.30 | 9.54 | -14.48 |
| Shareholders’ Equity Per Share | 103.60 | 95.97 | 90.41 | 110.83 | 106.24 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.21 | 0.22 | 0.33 | 0.19 | 0.24 |
| Revenue Per Share | 167.69 | 155.05 | 139.63 | 130.23 | 135.84 |
| Net Income Per Share | 10.53 | 8.89 | 4.80 | 14.04 | 24.58 |
| Tax Burden | 0.79 | 0.78 | 0.73 | 1.03 | 0.82 |
| Interest Burden | 0.83 | 0.82 | 0.74 | 0.87 | 0.93 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.16 | 0.17 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Income Quality | 1.87 | 2.13 | 3.50 | 1.95 | 1.31 |
Currency in USD