GEHC vs. LH: GE HealthCare vs. Labcorp Stock Comparison

November 11, 2026

How do GE HealthCare (GEHC) and Labcorp (LH) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

GE HealthCare (GEHC) and Labcorp (LH) both fall under the Health Care Equipment & Services industry group, but GEHC is classified in Health Care Equipment & Supplies while LH is classified in Health Care Providers & Services.

Labcorp (LH) has more than two decades of public-market history since March 29, 1990, whereas GE HealthCare (GEHC) listed on December 15, 2022 and has a much shorter record to draw on.

Company profile comparison for GE HealthCare (GEHC) and Labcorp (LH)
Profile Item	GEHC	LH
Name	GE HealthCare Technologies Inc.	Labcorp Holdings Inc.
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies	Health Care Providers & Services
GICS Sub-Industry	Health Care Equipment	Health Care Services
Market Capitalization	37.25 billion USD	29.77 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	December 15, 2022	March 29, 1990
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GEHC

GSPC

GE HealthCare (GEHC) vs. Labcorp (LH), with S&P 500 (GSPC) for reference: 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 GE HealthCare (GEHC) and Labcorp (LH). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for GE HealthCare (GEHC) and Labcorp (LH). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for GE HealthCare (GEHC) and Labcorp (LH)
Metric	GEHC	LH
Total Return (1Y)	14.21%	48.62%
Total Return (3Y, Annualized)	7.01%	23.39%
Total Return (5Y, Annualized)	--	10.54%

Risk Profile

Drawdown History

GEHC

GSPC

GE HealthCare (GEHC) vs. Labcorp (LH), with S&P 500 (GSPC) for reference: 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 GE HealthCare (GEHC) and Labcorp (LH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for GE HealthCare (GEHC) and Labcorp (LH)
Metric	GEHC	LH
Volatility (1Y, Annualized)	35.93%	24.36%
Beta (5Y)	0.69	0.85
Max Drawdown (5Y)	-37.35%	-34.61%
Avg. Volume (3M)	3.56M	721.05K

Risk-Adjusted Performance

Risk-Return Positioning

GEHC and LH are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for GE HealthCare (GEHC) and Labcorp (LH)
Metric	GEHC	LH
Sharpe Ratio (1Y)	0.28	1.82
Sortino Ratio (1Y)	0.41	2.99

Profitability

ROE (TTM)

GE HealthCare (GEHC) at 20.01% sits in the top ROE quartile, while Labcorp (LH) at 11.44% is closer to the peer norm — stronger capital efficiency for GEHC.

GEHC

Health Care Equipment & Services industry group

20.01%

Max: 47.61%
GEHC: 20.01%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

LH

Health Care Equipment & Services industry group

11.44%

Max: 47.61%
Q3: 14.36%
LH: 11.44%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

GE HealthCare (GEHC) at 9.95% retains a top-quartile share of revenue as profit, ahead of Labcorp (LH) at 6.88%, which keeps about the industry-typical share.

GEHC

Health Care Equipment & Services industry group

9.95%

Max: 29.35%
GEHC: 9.95%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

LH

Health Care Equipment & Services industry group

6.88%

Max: 29.35%
Q3: 9.33%
LH: 6.88%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

GE HealthCare (GEHC) at 15.33% operates in the top operating margin quartile, ahead of Labcorp (LH) at 10.91%, which runs around its industry’s norm.

GEHC

Health Care Equipment & Services industry group

15.33%

Max: 35.43%
GEHC: 15.33%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

LH

Health Care Equipment & Services industry group

10.91%

Max: 35.43%
Q3: 14.14%
LH: 10.91%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for GE HealthCare (GEHC) and Labcorp (LH)
Metric	GEHC	LH
ROE (TTM)	20.01%	11.44%
ROA (TTM)	4.99%	5.48%
Net Margin (TTM)	9.95%	6.88%
Operating Margin (TTM)	15.33%	10.91%
Gross Margin (TTM)	39.29%	28.96%

Growth

Revenue Growth

Both GE HealthCare (GEHC) at 4.84% and Labcorp (LH) at 7.25% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both GE HealthCare (GEHC) at 4.84% and Labcorp (LH) at 18.33% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for GE HealthCare (GEHC) and Labcorp (LH)
Metric	GEHC	LH
Revenue Growth (YoY)	4.84%	7.25%
Revenue Growth (3Y CAGR)	3.99%	5.55%
EPS Growth (YoY)	4.84%	18.33%
EPS Growth (3Y CAGR)	-0.58%	-9.19%

Financial Strength

Current Ratio (MRQ)

Labcorp (LH) at 1.41 keeps current ratio within its industry’s typical mid-range, while GE HealthCare (GEHC) at 1.30 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for GEHC.

GEHC

Health Care Equipment & Services industry group

1.30

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
GEHC: 1.30
Min: 0.30

LH

Health Care Equipment & Services industry group

1.41

Max: 7.59
Q3: 4.00
Median: 1.98
LH: 1.41
Q1: 1.37
Min: 0.30

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both GE HealthCare (GEHC) at 0.88 and Labcorp (LH) at 0.77 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

GEHC

Health Care Equipment & Services industry group

0.88

Max: 1.88
Q3: 0.91
GEHC: 0.88
Median: 0.58
Q1: 0.16
Min: 0.00

LH

Health Care Equipment & Services industry group

0.77

Max: 1.88
Q3: 0.91
LH: 0.77
Median: 0.58
Q1: 0.16
Min: 0.00

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for GE HealthCare (GEHC) and Labcorp (LH)
Metric	GEHC	LH
Current Ratio (MRQ)	1.30	1.41
Debt / Equity (MRQ)	0.88	0.77
Net Debt / EBITDA	2.11	2.81

Dividends

Dividend Yield (TTM)

Both GE HealthCare (GEHC) at 0.17% and Labcorp (LH) at 0.79% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

GEHC

Health Care Equipment & Services industry group

0.17%

GEHC: 0.17%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LH

Health Care Equipment & Services industry group

0.79%

LH: 0.79%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both GE HealthCare (GEHC) at 2.96% and Labcorp (LH) at 23.61% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

GEHC

Health Care Equipment & Services industry group

2.96%

GEHC: 2.96%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LH

Health Care Equipment & Services industry group

23.61%

LH: 23.61%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for GE HealthCare (GEHC) and Labcorp (LH)
Metric	GEHC	LH
Dividend Yield (TTM)	0.17%	0.79%
Dividend Payout Ratio (TTM)	2.96%	23.61%

Valuation

P/E Ratio (TTM)

GE HealthCare (GEHC) at 17.42 sits in the cheaper P/E ratio quartile, while Labcorp (LH) at 30.05 is closer to its industry’s usual earnings multiple — a discount for GEHC, though growth and earnings durability still matter.

GEHC

Health Care Equipment & Services industry group

17.42

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
GEHC: 17.42
Min: 4.21

LH

Health Care Equipment & Services industry group

30.05

Max: 80.41
Q3: 47.62
LH: 30.05
Median: 29.93
Q1: 21.19
Min: 4.21

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both GE HealthCare (GEHC) at 1.72 and Labcorp (LH) at 2.04 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

GEHC

Health Care Equipment & Services industry group

1.72

Max: 8.80
Q3: 4.32
Median: 2.13
GEHC: 1.72
Q1: 1.10
Min: 0.03

LH

Health Care Equipment & Services industry group

2.04

Max: 8.80
Q3: 4.32
Median: 2.13
LH: 2.04
Q1: 1.10
Min: 0.03

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both GE HealthCare (GEHC) at 3.21 and Labcorp (LH) at 3.36 are valued close to their industries’ norm against book — neither stands out from peers.

GEHC

Health Care Equipment & Services industry group

3.21

Max: 11.68
Q3: 6.12
GEHC: 3.21
Median: 3.00
Q1: 1.73
Min: -1.31

LH

Health Care Equipment & Services industry group

3.36

Max: 11.68
Q3: 6.12
LH: 3.36
Median: 3.00
Q1: 1.73
Min: -1.31

GE HealthCare (GEHC) vs. Labcorp (LH): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for GE HealthCare (GEHC) and Labcorp (LH)
Metric	GEHC	LH
P/E Ratio (TTM)	17.42	30.05
P/S Ratio (TTM)	1.72	2.04
P/B Ratio (MRQ)	3.21	3.36
Free Cash Flow Yield (TTM)	4.92%	3.55%