Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Labcorp

LH stock analysis · Health Care · Health Care Services

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$280.00HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$22.7B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$226.42

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -19.1% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

10.2%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-0.1%

52 sector peers · median 25.8×

How this is calculated ↗
Valuation

Historical multiples

27.6×

3 annual observations · snapshot P/E 25.8× · -6.5% versus history

How this is calculated ↗
Valuation

Free cash flow yield

5.3%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

8.2%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

59/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

0.1%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-4.1%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

2.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 3.1B2020-12-31: cfo $2,135,300,000.002020-12-31: capex $381,700,000.0020202021-12-31: cfo $3,109,600,000.002021-12-31: capex $421,500,000.0020212022-12-31: cfo $1,955,900,000.002022-12-31: capex $429,300,000.0020222023-12-31: cfo $1,327,700,000.002023-12-31: capex $453,600,000.0020232024-12-31: cfo $1,585,800,000.002024-12-31: capex $489,900,000.0020242025-12-31: cfo $1,640,500,000.002025-12-31: capex $434,500,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$283.99$309.87$337.68
10.0%$208.11$226.42$246.08
12.0%$164.18$178.15$193.13

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3114B877.7M1.6B434.5M18.4B
2024-12-3113B747.1M1.6B489.9M18.4B
2023-12-3112.2B419.2M1.3B453.6M16.7B
2022-12-3111.9B1.3B2B429.3M20.2B
2021-12-3113.1B2.4B3.1B421.5M20.4B
2020-12-3114B1.6B2.1B381.7M20.1B
2019-12-3111.6B824.9M1.4B400.2M18B
2018-12-3111.3B883.9M1.3B379.8M16.2B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue14BRevenues2026-02-24
netIncome877.7MProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-24
Parent/common earnings proxy876.5MNetIncomeLoss2026-02-24
cfo1.6BNetCashProvidedByUsedInOperatingActivities2026-02-24
capex434.5MPaymentsToAcquirePropertyPlantAndEquipment2026-02-24
operatingIncome1.4BOperatingIncomeLoss2026-02-24
assets18.4BAssets2026-02-24
equity8.6BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-24
Parent book equity proxy8.6BStockholdersEquity2026-02-24
debt5.6BLongTermDebtCurrent + LongTermDebtNoncurrent2026-02-24
shortDebtNot reported under a supported tag
cash532.3MCashAndCashEquivalentsAtCarryingValue2026-02-24
shares83.8MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-24
dividends240.7MPaymentsOfDividends2026-02-24
buybacks450MPaymentsForRepurchaseOfCommonStock2026-02-24
issuanceNot reported under a supported tag