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LH vs. MCK: Labcorp vs. McKesson Stock Comparison

How do Labcorp (LH) and McKesson (MCK) 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

Labcorp (LH) and McKesson (MCK) both belong to the Health Care Providers & Services industry, though LH is classified under Health Care Services while MCK falls under Health Care Distributors.

Company profile comparison for Labcorp (LH) and McKesson (MCK)
Profile ItemLHMCK
NameLabcorp Holdings Inc.McKesson Corporation
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Providers & ServicesHealth Care Providers & Services
GICS Sub-IndustryHealth Care ServicesHealth Care Distributors
Market Capitalization29.77 billion USD122.48 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 29, 1990November 10, 1994
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

LH
MCK
GSPC
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Labcorp (LH) vs. McKesson (MCK), 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 Labcorp (LH) and McKesson (MCK). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Labcorp (LH) and McKesson (MCK)
MetricLHMCK
Total Return (1Y)48.62%25.40%
Total Return (3Y, Annualized)23.39%32.67%
Total Return (5Y, Annualized)10.54%37.84%

Risk Profile

Drawdown History

LH
MCK
GSPC
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Labcorp (LH) vs. McKesson (MCK), 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 Labcorp (LH) and McKesson (MCK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Labcorp (LH) and McKesson (MCK)
MetricLHMCK
Volatility (1Y, Annualized)24.36%31.71%
Beta (5Y)0.850.26
Max Drawdown (5Y)-34.61%-27.17%
Avg. Volume (3M)721.05K822.69K

Risk-Adjusted Performance

Risk-Return Positioning

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LH and MCK 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 Labcorp (LH) and McKesson (MCK)
MetricLHMCK
Sharpe Ratio (1Y)1.820.67
Sortino Ratio (1Y)2.991.15

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Labcorp (LH) earns 11.44% on shareholders’ equity, ranked against its industry; McKesson (MCK) has no ROE this period.

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%

MCK

Health Care Equipment & Services industry group

--

Max
47.61%
Q3
14.36%
Median
5.45%
Q1
-10.67%
Min
-47.01%
MCK
--
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Labcorp (LH) vs. McKesson (MCK): MCK does not report ROE, so it has no value marker; LH is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

Both Labcorp (LH) at 6.88% and McKesson (MCK) at 1.12% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

MCK

Health Care Equipment & Services industry group

1.12%

Max
29.35%
Q3
9.33%
Median
2.18%
MCK
1.12%
Q1
-6.29%
Min
-28.46%
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Labcorp (LH) vs. McKesson (MCK): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Labcorp (LH) at 10.91% and McKesson (MCK) at 1.48% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

MCK

Health Care Equipment & Services industry group

1.48%

Max
35.43%
Q3
14.14%
Median
6.81%
MCK
1.48%
Q1
-0.28%
Min
-16.29%
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Labcorp (LH) vs. McKesson (MCK): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Labcorp (LH) and McKesson (MCK)
MetricLHMCK
ROE (TTM)11.44%--
ROA (TTM)5.48%4.72%
Net Margin (TTM)6.88%1.12%
Operating Margin (TTM)10.91%1.48%
Gross Margin (TTM)28.96%3.65%

Growth

Revenue Growth

Both Labcorp (LH) at 7.25% and McKesson (MCK) at 12.36% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Labcorp (LH) vs. McKesson (MCK): A comparison of their Revenue Growth across different time periods.

EPS Growth

McKesson (MCK) at 49.22% sits in the top EPS growth quartile, while Labcorp (LH) at 18.33% is closer to the peer norm — faster per-share earnings growth for MCK.

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Labcorp (LH) vs. McKesson (MCK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Labcorp (LH) and McKesson (MCK)
MetricLHMCK
Revenue Growth (YoY)7.25%12.36%
Revenue Growth (3Y CAGR)5.55%13.39%
EPS Growth (YoY)18.33%49.22%
EPS Growth (3Y CAGR)-9.19%15.31%

Financial Strength

Current Ratio (MRQ)

Labcorp (LH) at 1.41 keeps current ratio within its industry’s typical mid-range, while McKesson (MCK) at 0.90 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MCK.

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

MCK

Health Care Equipment & Services industry group

0.90

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
MCK
0.90
Min
0.30
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Labcorp (LH) vs. McKesson (MCK): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Labcorp (LH) carries debt-to-equity ratio of 0.77 against its industry range, while McKesson (MCK) reports no figure this period.

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

MCK

Health Care Equipment & Services industry group

--

Max
1.88
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
MCK
--
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Labcorp (LH) vs. McKesson (MCK): MCK does not report debt-to-equity ratio, so it has no value marker; LH is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for Labcorp (LH) and McKesson (MCK)
MetricLHMCK
Current Ratio (MRQ)1.410.90
Debt / Equity (MRQ)0.77--
Net Debt / EBITDA2.810.64

Dividends

Dividend Yield (TTM)

Both Labcorp (LH) at 0.79% and McKesson (MCK) at 0.32% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

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%

MCK

Health Care Equipment & Services industry group

0.32%

MCK
0.32%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Labcorp (LH) vs. McKesson (MCK): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Labcorp (LH) at 23.61% and McKesson (MCK) at 8.77% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

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%

MCK

Health Care Equipment & Services industry group

8.77%

MCK
8.77%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Labcorp (LH) vs. McKesson (MCK): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Labcorp (LH) and McKesson (MCK)
MetricLHMCK
Dividend Yield (TTM)0.79%0.32%
Dividend Payout Ratio (TTM)23.61%8.77%

Valuation

P/E Ratio (TTM)

Both Labcorp (LH) at 30.05 and McKesson (MCK) at 27.36 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

MCK

Health Care Equipment & Services industry group

27.36

Max
80.41
Q3
47.62
Median
29.93
MCK
27.36
Q1
21.19
Min
4.21
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Labcorp (LH) vs. McKesson (MCK): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

McKesson (MCK) at 0.29 sits in the cheaper P/S ratio quartile while Labcorp (LH) at 2.04 prices around its industry’s middle — MCK costs less per dollar of sales, though read it alongside growth and margins.

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

MCK

Health Care Equipment & Services industry group

0.29

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
MCK
0.29
Min
0.03
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Labcorp (LH) vs. McKesson (MCK): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

McKesson (MCK) reports a negative P/B ratio of -30.85, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Labcorp (LH) reports 3.36, ranking against industry peers normally.

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

MCK

Health Care Equipment & Services industry group

-30.85

Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
Min
-1.31
MCK
-30.85
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Labcorp (LH) vs. McKesson (MCK): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Labcorp (LH) and McKesson (MCK)
MetricLHMCK
P/E Ratio (TTM)30.0527.36
P/S Ratio (TTM)2.040.29
P/B Ratio (MRQ)3.36-30.85
Free Cash Flow Yield (TTM)3.55%6.04%