LH vs. SOLV: Labcorp vs. Solventum Stock Comparison

November 11, 2026

How do Labcorp (LH) and Solventum (SOLV) 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 Solventum (SOLV) both fall under the Health Care Equipment & Services industry group, but LH is classified in Health Care Providers & Services while SOLV is classified in Health Care Equipment & Supplies.

Labcorp (LH) carries decades of public-market history since March 29, 1990, while Solventum (SOLV) listed on March 26, 2024 — long-window comparisons have far more historical data on the LH side.

Company profile comparison for Labcorp (LH) and Solventum (SOLV)
Profile Item	LH	SOLV
Name	Labcorp Holdings Inc.	Solventum Corporation
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 Providers & Services	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Services	Health Care Supplies
Market Capitalization	29.77 billion USD	15.36 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 29, 1990	March 26, 2024
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

SOLV

GSPC

Labcorp (LH) vs. Solventum (SOLV), 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

Loading price history…

Trailing total returns for Labcorp (LH) and Solventum (SOLV). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Labcorp (LH) and Solventum (SOLV)
Metric	LH	SOLV
Total Return (1Y)	48.62%	25.89%
Total Return (3Y, Annualized)	23.39%	--
Total Return (5Y, Annualized)	10.54%	--

Risk Profile

Drawdown History

SOLV

GSPC

Labcorp (LH) vs. Solventum (SOLV), 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

Loading price history…

Distribution of monthly total returns for Labcorp (LH) and Solventum (SOLV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Labcorp (LH) and Solventum (SOLV)
Metric	LH	SOLV
Volatility (1Y, Annualized)	24.36%	30.06%
Beta (5Y)	0.85	0.62
Max Drawdown (5Y)	-34.61%	-39.98%
Avg. Volume (3M)	721.05K	1.05M

Risk-Adjusted Performance

Risk-Return Positioning

LH and SOLV 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 Solventum (SOLV)
Metric	LH	SOLV
Sharpe Ratio (1Y)	1.82	0.72
Sortino Ratio (1Y)	2.99	1.08

Profitability

ROE (TTM)

Both Labcorp (LH) at 11.44% and Solventum (SOLV) at 3.19% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

SOLV

Health Care Equipment & Services industry group

3.19%

Max: 47.61%
Q3: 14.36%
Median: 5.45%
SOLV: 3.19%
Q1: -10.67%
Min: -47.01%

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

Net Margin (TTM)

Both Labcorp (LH) at 6.88% and Solventum (SOLV) at 1.91% 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%

SOLV

Health Care Equipment & Services industry group

1.91%

Max: 29.35%
Q3: 9.33%
Median: 2.18%
SOLV: 1.91%
Q1: -6.29%
Min: -28.46%

Labcorp (LH) vs. Solventum (SOLV): 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 Solventum (SOLV) at 6.82% 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%

SOLV

Health Care Equipment & Services industry group

6.82%

Max: 35.43%
Q3: 14.14%
SOLV: 6.82%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

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

Profitability Metrics

Profitability metrics for Labcorp (LH) and Solventum (SOLV)
Metric	LH	SOLV
ROE (TTM)	11.44%	3.19%
ROA (TTM)	5.48%	2.29%
Net Margin (TTM)	6.88%	1.91%
Operating Margin (TTM)	10.91%	6.82%
Gross Margin (TTM)	28.96%	55.13%

Growth

Revenue Growth

Labcorp (LH) at 7.25% is around its peer norm for revenue growth, while Solventum (SOLV) at 0.86% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Solventum (SOLV) at 221.74% clears its industry range for EPS growth, a much stronger earnings trajectory than Labcorp (LH) at 18.33%, which is closer to a typical peer reading.

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

Growth Metrics

Growth metrics for Labcorp (LH) and Solventum (SOLV)
Metric	LH	SOLV
Revenue Growth (YoY)	7.25%	0.86%
Revenue Growth (3Y CAGR)	5.55%	0.79%
EPS Growth (YoY)	18.33%	221.74%
EPS Growth (3Y CAGR)	-9.19%	4.51%

Financial Strength

Current Ratio (MRQ)

Labcorp (LH) at 1.41 keeps current ratio within its industry’s typical mid-range, while Solventum (SOLV) at 1.03 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for SOLV.

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

SOLV

Health Care Equipment & Services industry group

1.03

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
SOLV: 1.03
Min: 0.30

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

Debt / Equity (MRQ)

Labcorp (LH) at 0.77 carries an industry-typical debt-to-equity mix, while Solventum (SOLV) at 1.10 uses more debt funding than most peers.

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

SOLV

Health Care Equipment & Services industry group

1.10

Max: 1.88
SOLV: 1.10
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Labcorp (LH) and Solventum (SOLV)
Metric	LH	SOLV
Current Ratio (MRQ)	1.41	1.03
Debt / Equity (MRQ)	0.77	1.10
Net Debt / EBITDA	2.81	4.66

Dividends

Dividend Yield (TTM)

Solventum (SOLV) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Labcorp (LH) reports a yield of 0.79%, ranking against industry peers normally.

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%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Solventum (SOLV) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Labcorp (LH) reports a payout of 23.61%, ranking against industry peers normally.

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%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Labcorp (LH) and Solventum (SOLV)
Metric	LH	SOLV
Dividend Yield (TTM)	0.79%	0.00%
Dividend Payout Ratio (TTM)	23.61%	0.00%

Valuation

P/E Ratio (TTM)

Labcorp (LH) at 30.05 is near its industry’s usual P/E ratio, while Solventum (SOLV) at 101.55 sits above its peer range — an unusually expensive price for SOLV’s trailing earnings.

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

SOLV

Health Care Equipment & Services industry group

101.55

SOLV: 101.55
Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

Labcorp (LH) vs. Solventum (SOLV): 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 Labcorp (LH) at 2.04 and Solventum (SOLV) at 1.88 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

SOLV

Health Care Equipment & Services industry group

1.88

Max: 8.80
Q3: 4.32
Median: 2.13
SOLV: 1.88
Q1: 1.10
Min: 0.03

Labcorp (LH) vs. Solventum (SOLV): 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 Labcorp (LH) at 3.36 and Solventum (SOLV) at 3.20 are valued close to their industries’ norm against book — neither stands out from peers.

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

SOLV

Health Care Equipment & Services industry group

3.20

Max: 11.68
Q3: 6.12
SOLV: 3.20
Median: 3.00
Q1: 1.73
Min: -1.31

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

Valuation Metrics

Valuation metrics for Labcorp (LH) and Solventum (SOLV)
Metric	LH	SOLV
P/E Ratio (TTM)	30.05	101.55
P/S Ratio (TTM)	2.04	1.88
P/B Ratio (MRQ)	3.36	3.20
Free Cash Flow Yield (TTM)	3.55%	1.31%