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 has reported Gross Margin for 18 years, with the latest figure 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.
- Over five years, Gross Margin peaked at 32.24% in Q2 2022 and troughed at 26.92% in Q4 2024.
- A 5-year average of 28.7% and a median of 28.25% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2025: Gross Margin plunged 4212 bps in 2022, then surged 133 bps in 2025.
- Over 5 years, Gross Margin stood at 27.24% in 2022, then retreated by 1 bps to 27.08% in 2023, then declined by 1 bps to 26.92% in 2024, then advanced by 5 bps to 28.25% in 2025, then gained by 1 bps to 28.66% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 28.66%, 28.25%, and 28.77% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 209.29 Bn | 205.35 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 137.39 Bn | 133.06 Bn | 3.61 Bn | 57.64% |
| 3 | Idexx Laboratories | 46.84 Bn | 46.64 Bn | 779.09 Mn | 64.04% |
| 4 | Agilent Technologies | 39.29 Bn | 37.48 Bn | 990.00 Mn | 53.95% |
| 5 | Natera | 39.28 Bn | 38.18 Bn | 696.04 Mn | 99.91% |
| 6 | Iqvia Holdings | 37.90 Bn | 35.95 Bn | 1.44 Bn | 32.85% |
| 7 | Illumina | 30.65 Bn | 29.49 Bn | 770.00 Mn | 66.44% |
| 8 | Mettler Toledo International | 28.92 Bn | 28.87 Bn | 650.22 Mn | 63.29% |
| 9 | Quest Diagnostics | 25.96 Bn | 25.64 Bn | 1.03 Bn | 33.75% |
| 10 | Labcorp Holdings | 25.71 Bn | 24.73 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% |