Labcorp Holdings (LH) Gross Margin (2009 - 2026)
Labcorp Holdings (LH) posted Gross Margin of 28.66% for Q1 2026, up 1.45% sequentially from 28.25% in Q4 2025, and up 32.0% YoY from 21.71% in Q1 2025.
Labcorp Holdings (LH) Gross Margin (2009 - 2026) Analysis & Trends
Labcorp Holdings (LH) has 18 years of Gross Margin data on file, last reported at 28.66% in Q1 2026.
- Quarterly Gross Margin rose 32.0% year-over-year to 28.66% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.83% (up 94.0% YoY) and the FY2025 annual result came in at 28.76%, up 90.0% from the prior year.
- Gross Margin grew to 28.66% in Q1 2026 per LH's latest filing, from 28.25% in the prior quarter.
- The five-year high for Gross Margin was 32.24% in Q2 2022, with the low at 26.92% in Q4 2024.
- Average Gross Margin over 5 years is 28.7%, with a median of 28.25% recorded in 2025.
- Year-over-year, Gross Margin slumped 4212 bps in 2022 and jumped 133 bps in 2025.
- Labcorp Holdings' Gross Margin stood at 27.24% in 2022, then decreased by 1 bps to 27.08% in 2023, then fell by 1 bps to 26.92% in 2024, then climbed by 5 bps to 28.25% in 2025, then advanced by 1 bps to 28.66% in 2026.
- Business Quant data shows LH's Gross Margin at 28.66% in Q1 2026, 28.25% in Q4 2025, and 28.77% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 87.77% |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 70.37% |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 60.34% |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 63.35% |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 99.91% |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 53.95% |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 32.64% |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 66.09% |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 58.68% |
| 10 | Labcorp Holdings | 2.10 Bn | 1.14 Bn | 1.01 Bn | 28.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.66% |
| Dec 31, 2025 | 28.25% |
| Sep 30, 2025 | 28.77% |
| Jun 30, 2025 | 29.66% |
| Mar 31, 2025 | 28.34% |
| Dec 31, 2024 | 26.92% |
| Sep 30, 2024 | 27.56% |
| Jun 30, 2024 | 28.76% |
| Mar 31, 2024 | 28.25% |
| Dec 31, 2023 | 27.08% |
| Sep 30, 2023 | 27.85% |
| Jun 30, 2023 | 27.76% |
| Mar 31, 2023 | 27.98% |
| Dec 31, 2022 | 27.24% |
| Sep 30, 2022 | 30.91% |
| Jun 30, 2022 | 32.24% |
| Mar 31, 2022 | 31.62% |
| Dec 31, 2021 | 69.36% |
| Sep 30, 2021 | 34.10% |
| Jun 30, 2021 | 32.93% |