TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

LH stock analysis: Labcorp

Labcorp (LH) is an S&P 500 company in Health Care Services. It grades weakest on profitability.

The model's view of LH · subscribers

Where LH ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with LH · updated 2026-10-05 · from prices and SEC filings

LH price performance

LH against the S&P 500, one year
-10%+0%+10%+20%S&P 500 +18%LH +10%2025-09-292026-10-05
Year to date+23.9%S&P 500 +14.5% · ahead by 9.4 pts
1 year+12.6%S&P 500 +17.0% · behind by 4.5 pts
3 years+59.2%S&P 500 +89.3% · behind by 30.1 pts
5 years+37.3%S&P 500 +91.3% · behind by 54.0 pts

Total returns with dividends reinvested.

LH factor grades

Each grade compares LH with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B-ValueP/E 25.5x (industry 22.9x)FCF yield 4.6% (industry 10.6%)
C+GrowthRevenue growth +6% (industry +7%)EPS growth +33% (industry +20%)
D+ProfitabilityOperating margin 10.4% (industry 10.4%)ROIC 8.3% (industry 10.2%)
C+Momentum12-month change +13%From 52-wk high -9%

LH in plain numbers

LH key statistics

SectorHealth Care
IndustryHealth Care Services
IndexS&P 500
Market value$25.0B
Revenue growth (y/y)+6%
Free-cash-flow yield4.6%
Dividend yield0.9%
Next earnings (expected)2026-10-27
Valuation measures
Market value$25.0B
Enterprise value$30.7B
P/E (trailing)25.5x
Forward P/E (Torvanta estimate)22.7x
PEG (Torvanta estimate)1.85
Price / sales1.7x
Price / book2.9x
EV / revenue2.1x
EV / EBITDA14.0x
Financial highlights
Revenue, last 12 months$14.3B
Net income, last 12 months$1.0B
EPS, last 12 months (GAAP)$12.09
Gross margin28.9%
Operating margin10.4%
Net margin7.0%
Return on equity11.7%
Return on invested capital8.3%
Cash$141.8M
Total debt$5.9B
Debt / equity0.68x
Free cash flow, last 12 months$1.2B
Interest cover6.6x
Current ratio1.80x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

LH earnings trends

Revenue vs earnings
$0$932.8M$1.9B$2.8B$3.7BSep 2024 Revenue: $3.3BDec 2024 Revenue: $3.3BMar 2025 Revenue: $3.3BJun 2025 Revenue: $3.5BSep 2025 Revenue: $3.6BDec 2025 Revenue: $3.5BMar 2026 Revenue: $3.5BJun 2026 Revenue: $3.7BSep 2024 Net income: $169.3MDec 2024 Net income: $143.4MMar 2025 Net income: $212.8MJun 2025 Net income: $237.9MSep 2025 Net income: $261.1MDec 2025 Net income: $164.7MMar 2026 Net income: $277.8MJun 2026 Net income: $298.7MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 5.2%Net margin: 4.3%Net margin: 6.4%Net margin: 6.7%Net margin: 7.3%Net margin: 4.7%Net margin: 7.9%Net margin: 8.0%0%4%8%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.9$1.8$2.7$3.6Sep 2024 EPS (GAAP, diluted): $2.0Dec 2024 EPS (GAAP, diluted): $1.7Mar 2025 EPS (GAAP, diluted): $2.5Jun 2025 EPS (GAAP, diluted): $2.8Sep 2025 EPS (GAAP, diluted): $3.1Dec 2025 EPS (GAAP, diluted): $2.0Mar 2026 EPS (GAAP, diluted): $3.4Jun 2026 EPS (GAAP, diluted): $3.6Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +56% · Dec 2025 +16% · Mar 2026 +33% · Jun 2026 +28%

From the company's 10-Q and 10-K filings with the SEC.

Labcorp financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$16.1B$14.9B$12.9B$13.0B$14.0B
Net income$2.4B$1.3B$418.0M$746.0M$876.5M
EPS (GAAP)$24.39$13.95$4.76$8.83$10.46
Free cash flow$2.6B$1.5B$874.1M$1.1B$1.2B

LH earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$3.64+28%+6%-1.7%
2026-04-30$3.35+33%+6%-1.8%
2026-02-17$1.98+16%+6%-2.0%
2025-10-28$3.12+56%+9%-10.3%
2025-07-24$2.84+17%+10%+5.3%
2025-04-29$2.52-6%+5%+4.3%

About Labcorp

HeadquartersBurlington, NC
Industry (SEC code)Services-Medical Laboratories
Fiscal year endsDecember 31
Listed onNYSE
FormerlyLABORATORY CORP OF AMERICA HOLDINGS, NATIONAL HEALTH LABORATORIES HOLDINGS INC

From the company's SEC registration record.

Companies similar to LH

CompanyMarket valueP/ERevenue growthOperating margin12-month change
LH Labcorp$25.0B25.5x+6%10.4%+13%
DGX Quest Diagnostics$25.6B24.7x+10%14.1%+31%compare
DVA DaVita$11.4B14.7x+6%15.2%+36%compare
CI Cigna$71.7B11.2x+8%3.5%-11%compare
CVS CVS Health$111.3B22.9x+7%2.0%+16%

All Health Care stock ratings

Frequently asked questions

Is LH stock a buy?

Torvanta does not tell individuals what to buy. Its grades for LH are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is LH's P/E ratio?

LH trades at about 25.5 times its last 12 months of GAAP earnings reported to the SEC, and about 22.7 times Torvanta's own estimate of the next 12 months.

When does LH report earnings next?

Based on its filing history, Torvanta expects Labcorp to report around 2026-10-27.

Does LH pay a dividend?

Yes. Its dividend yield is about 0.9%.

How has LH performed against the S&P 500?

Over the past year LH returned +12.6%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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