Quest Diagnostics (DGX) Return on Invested Capital [ROIC] (2009 - 2026)
Quest Diagnostics (DGX) posted Return on Invested Capital [ROIC] of 9.85% for Q3 2026, up 0.80 percentage points from 9.05% a year earlier and up 0.45 percentage points from the prior quarter.
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Analysis
Quest Diagnostics (DGX) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Quest Diagnostics' Return on Invested Capital [ROIC] came in at 9.15%, up 0.57 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of -4.85 percentage points (FY2020 to FY2025).
- In prior years, Quest Diagnostics' Return on Invested Capital [ROIC] was 8.58% in FY2024 (-0.82 pp), 9.40% in FY2023 (-1.61 pp), 11.00% in FY2022 (-6.20 pp) and 17.21% in FY2021 (+3.21 pp).
- The Q3 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] since Q4 2022.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased in each of the last five quarters, with an average year-over-year change of +0.38 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q4 2021, with a gain of 3.88 percentage points; the weakest was Q1 2023, with a drop of 6.80 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 9.40% (Q2 2026), 9.35% (Q1 2026) and 9.17% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | 21.76% |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | -9.90% |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 8.45% |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 9.85% |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | 21.51% |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | - |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 10.04% |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | -57.17% |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | 15.62% |
| 10 | Davita | 12.21 Bn | 9.59 Bn | 1.13 Bn | 16.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.85% |
| Jun 30, 2026 | 9.40% |
| Mar 31, 2026 | 9.35% |
| Dec 31, 2025 | 9.17% |
| Sep 30, 2025 | 9.05% |
| Jun 30, 2025 | 8.82% |
| Mar 31, 2025 | 8.35% |
| Dec 31, 2024 | 7.91% |
| Sep 30, 2024 | 8.08% |
| Jun 30, 2024 | 8.83% |
| Mar 31, 2024 | 8.79% |
| Dec 31, 2023 | 9.05% |
| Sep 30, 2023 | 8.45% |
| Jun 30, 2023 | 9.08% |
| Mar 31, 2023 | 9.69% |
| Dec 31, 2022 | 11.14% |
| Sep 30, 2022 | 13.53% |
| Jun 30, 2022 | 15.34% |
| Mar 31, 2022 | 16.50% |
| Dec 31, 2021 | 17.52% |
API Access
Quest Diagnostics Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=DGX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "DGX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=DGX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();