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Labcorp (LH) Stock Analysis

This is a peer-relative look at Labcorp (LH): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Labcorp (LH)
Profile ItemLH
NameLabcorp Holdings Inc.
Country/RegionUnited States
GICS SectorHealth Care
GICS Industry GroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
GICS Sub-IndustryHealth Care Services
Market Capitalization29.77 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateMarch 29, 1990
Security TypeCommon Stock

Price Performance

Cumulative Growth

LH
GSPC
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Labcorp (LH) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Labcorp (LH) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Labcorp (LH) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Labcorp (LH) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: LHIndustry group median
Total Return (1Y)48.62%21.53%
Total Return (3Y, Annualized)23.39%9.81%
Total Return (5Y, Annualized)10.54%-2.76%

Risk Profile

Drawdown History

LH
GSPC
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Labcorp (LH) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Labcorp (LH) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Labcorp (LH) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: LHIndustry group median
Volatility (1Y, Annualized)24.36%50.93%
Beta (5Y)0.850.85
Max Drawdown (5Y)-34.61%-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. LH is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Labcorp (LH) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: LHIndustry group median
Sharpe Ratio (1Y)1.820.34
Sortino Ratio (1Y)2.990.54

Profitability

ROE (TTM)

Labcorp (LH) posts ROE of 11.44%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

LH

Health Care Equipment & Services industry group

11.44%

Group distribution
Max
47.61%
Q3
14.36%
LH
11.44%
Median
5.45%
Q1
-10.67%
Min
-47.01%
Largest peers
ISRG
17.93%
SYK
16.02%
UNH
15.77%
LH
11.44%
MDT
10.65%
ABT
9.14%
MCK
--
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Where Labcorp (LH) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Labcorp (LH) keeps 6.88% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

LH

Health Care Equipment & Services industry group

6.88%

Group distribution
Max
29.35%
Q3
9.33%
LH
6.88%
Median
2.18%
Q1
-6.29%
Min
-28.46%
Largest peers
ISRG
25.54%
MDT
13.93%
SYK
13.78%
ABT
9.75%
LH
6.88%
UNH
3.53%
MCK
1.12%
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Where Labcorp (LH) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Labcorp (LH) turns 10.91% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

LH

Health Care Equipment & Services industry group

10.91%

Group distribution
Max
35.43%
Q3
14.14%
LH
10.91%
Median
6.81%
Q1
-0.28%
Min
-16.29%
Largest peers
ISRG
33.29%
SYK
22.96%
MDT
19.33%
ABT
11.66%
LH
10.91%
UNH
5.82%
MCK
1.48%
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Where Labcorp (LH) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Labcorp (LH) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: LHIndustry group median
ROE (TTM)11.44%5.45%
ROA (TTM)5.48%3.17%
Net Margin (TTM)6.88%2.18%
Operating Margin (TTM)10.91%6.81%
Gross Margin (TTM)28.96%55.21%

Growth

Revenue Growth

Labcorp (LH) grew revenue 7.25%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

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Labcorp (LH): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

Labcorp (LH) grew earnings per share 18.33%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

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Labcorp (LH): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

Labcorp (LH) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: LHIndustry group median
Revenue Growth (YoY)7.25%11.55%
Revenue Growth (3Y CAGR)5.55%10.83%
EPS Growth (YoY)18.33%4.88%
EPS Growth (3Y CAGR)-9.19%14.59%

Financial Strength

Current Ratio (MRQ)

Labcorp (LH) has current ratio of 1.41, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

LH

Health Care Equipment & Services industry group

1.41

Group distribution
Max
7.59
Q3
4.00
Median
1.98
LH
1.41
Q1
1.37
Min
0.30
Largest peers
ISRG
3.33
SYK
2.18
MDT
2.07
ABT
1.46
LH
1.41
MCK
0.90
UNH
0.74
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Where Labcorp (LH) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Labcorp (LH) has debt-to-equity ratio of 0.77, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

LH

Health Care Equipment & Services industry group

0.77

Group distribution
Max
1.88
Q3
0.91
LH
0.77
Median
0.58
Q1
0.16
Min
0.00
Largest peers
LH
0.77
UNH
0.70
SYK
0.66
ABT
0.61
MDT
0.55
ISRG
--
MCK
--
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Where Labcorp (LH) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Labcorp (LH) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: LHIndustry group median
Current Ratio (MRQ)1.411.98
Debt / Equity (MRQ)0.770.58
Net Debt / EBITDA2.812.04

Dividends

Dividend Yield (TTM)

Labcorp (LH) has dividend yield of 0.79%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

LH

Health Care Equipment & Services industry group

0.79%

Group distribution
LH
0.79%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
MDT
2.72%
UNH
2.29%
ABT
2.22%
SYK
1.05%
LH
0.79%
MCK
0.32%
ISRG
0.00%
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Where Labcorp (LH) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Labcorp (LH) has payout ratio of 23.61%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

LH

Health Care Equipment & Services industry group

23.61%

Group distribution
LH
23.61%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
ABT
92.54%
MDT
70.02%
UNH
51.71%
SYK
37.49%
LH
23.61%
MCK
8.77%
ISRG
0.00%
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Where Labcorp (LH) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Labcorp (LH) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: LHIndustry group median
Dividend Yield (TTM)0.79%0.00%
Dividend Payout Ratio (TTM)23.61%0.00%

Valuation

P/E Ratio (TTM)

Labcorp (LH) trades at P/E ratio of 30.05, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

LH

Health Care Equipment & Services industry group

30.05

Group distribution
Max
80.41
Q3
47.62
LH
30.05
Median
29.93
Q1
21.19
Min
4.21
Largest peers
ISRG
54.75
ABT
41.02
SYK
34.70
LH
30.05
MCK
27.36
MDT
25.01
UNH
22.50
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Where Labcorp (LH) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Labcorp (LH) trades at 2.04 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

LH

Health Care Equipment & Services industry group

2.04

Group distribution
Max
8.80
Q3
4.32
Median
2.13
LH
2.04
Q1
1.10
Min
0.03
Largest peers
ISRG
13.82
SYK
4.72
ABT
3.95
MDT
3.47
LH
2.04
UNH
0.78
MCK
0.29
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Where Labcorp (LH) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Labcorp (LH) trades at 3.36 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

LH

Health Care Equipment & Services industry group

3.36

Group distribution
Max
11.68
Q3
6.12
LH
3.36
Median
3.00
Q1
1.73
Min
-1.31
Largest peers
ISRG
9.82
SYK
5.29
ABT
3.73
UNH
3.60
LH
3.36
MDT
2.59
MCK
-30.85
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Where Labcorp (LH) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Labcorp (LH) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: LHIndustry group median
P/E Ratio (TTM)30.0529.93
P/S Ratio (TTM)2.042.13
P/B Ratio (MRQ)3.363.00
Free Cash Flow Yield (TTM)3.55%3.50%