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Quest Diagnostics Incorporated DGX SPX

Healthcare · Diagnostics & Research · United States
https://www.questdiagnostics.com

Quest Diagnostics Incorporated provides diagnostic testing and services in the United States. The company develops and delivers diagnostic information services, such as routine, non-routine and advanced clinical testing, anatomic pathology testing, and other diagnostic information services. It also provides services under the Quest Diagnostics brand, as well as under the AmeriPath, Dermpath Diagnostics, ExamOne, and Quanum brands to physicians, hospitals, patients and consumers, health plans, government agencies, employers, retailers, pharmaceutical companies and insurers commercial clinical laboratories, and accountable care organizations through a network of laboratories, patient service centers, phlebotomists in physician offices, call centers and mobile phlebotomists, nurses, and other health and wellness professionals. In addition, the company offers risk assessment services for the life insurance industry; healthcare IT healthcare providers and payers; testing and medical director services at hospital laboratories; test offerings in cardiometabolic and endocrine; cancer; clinical drug monitoring and toxicology; infectious disease, including autoimmune; neurology diagnostics, including Alzheimer's disease; and women's health, such as prenatal genetic; workplace drug testing, testing urine, hair, and oral fluid specimens services; and employer population health services, including biometric screenings, flu shots, and related preventative services. Further, it provides population health solutions; extended care services; develops in vitro diagnostic tests; laboratory diagnostic information and digital health connectivity systems; underwriting support services, including data gathering, paramedical examinations, and clinical laboratory testing and analytics; and national specimen collection and health data solutions. Quest Diagnostics Incorporated was founded in 1967 and is headquartered in Secaucus, New Jersey.

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$194.90
+14.47% 1Y

Market & Price

Market Cap
$21.57B
Current Price
$194.90
High / Low (52W)
$210.99 / $164.21
Beta
0.59

Valuation

Stock P/E
21.56
Industry PE
23.65
Forward P/E
16.70
PEG Ratio
1.50
Book Value
$66.36
Price to Book
2.94
P/S
1.91
EV/EBITDA
12.56
Dividend Yield
1.77%

Profitability & Returns

ROCE
11.44%
ROE
14.54%
ROA
6.35%
Profit Margin
9.08%
Op Margin
14.20%
EPS (Latest Qtr)
$2.24
EPS (TTM)
$9.04

Balance Sheet & Liquidity

Debt/Equity
0.83
Quick Ratio
0.91
Current Ratio
1.18
Debt
$6.41B
Total Assets
$16.23B
Current Assets
$2.38B
Working Capital
$100.00M

Ownership

Promoter Holding
0.43%
Chg in Prom Hold
-
FII / Inst Holding
97.67%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$27.97B
Total Revenue (TTM)
$11.28B
EBITDA
$2.23B
Free Cash Flow
$947.88M
Operating Cash Flow
$1.85B
Shares Outstanding
110.70M
Gross Margin
33.28%
Payout Ratio
36.02%

Growth (CAGR)

Revenue 5Y
3.74%
Profit 5Y
1.60%
Revenue (YoY)
9.20%
Earnings (YoY)
15.50%

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 DGX Quest Diagnostics Incorporated SPX 194.90 21.56 $21.57B 1.77% 11.44% 14.54% 3.74% 1.60%
2 LLY Eli Lilly and Company SPX 1,105.00 39.21 $985.37B 0.63% 38.44% 107.46% 31.69% 48.96%
3 JNJ Johnson & Johnson SPX 225.33 26.11 $542.42B 2.38% 23.13% 26.42% 5.60% 14.32%
4 UNH UnitedHealth Group Incorporated SPX 380.31 28.66 $345.38B 2.32% 9.60% 12.18% 11.35% -15.69%
5 MRK Merck & Co., Inc. SPX 118.72 33.44 $293.22B 2.86% 20.66% 18.94% 3.12% 7.93%
6 TMO Thermo Fisher Scientific Inc. SPX 492.51 27.11 $183.03B 0.38% 9.17% 13.52% -0.27% -1.19%
7 AMGN Amgen Inc. NDXSPX 336.79 23.42 $181.77B 2.99% 18.02% 101.32% 11.77% 5.58%
8 GILD Gilead Sciences, Inc. NDXSPX 134.43 18.29 $166.90B 2.44% 22.92% 43.36% 2.57% 22.83%
9 ISRG Intuitive Surgical, Inc. NDXSPXAI 424.64 51.53 $150.39B - 15.96% 17.23% 17.39% 29.26%
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Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -----------1.88B1.92B1.89B1.84B1.89B1.95B1.96B1.93B1.82B1.83B2.79B3.00B2.72B2.55B2.77B2.61B2.45B2.49B2.33B2.34B2.29B2.37B2.40B2.49B2.65B2.76B2.82B2.81B2.90B
Cost of Revenue -----------------------------------1.79B1.82B1.87B1.90B1.95B
Gross Profit 743.00M718.00M699.00M719.00M751.00M728.00M701.00M652.00M694.00M666.00M671.00M658.00M676.00M667.00M604.00M647.00M688.00M692.00M662.00M552.00M606.00M1.21B1.27B------------863.00M943.00M949.00M910.00M942.00M
Operating Expenses -----------------------------------512.00M505.00M563.00M524.00M538.00M
Operating Income 301.00M631.00M-257.00M422.00M322.00M-279.00M319.00M298.00M-272.00M305.00M304.00M-248.00M307.00M313.00M-175.00M283.00M718.00M-660.00M533.00M652.00M513.00M388.00M392.00M305.00M348.00M342.00M300.00M355.00M330.00M351.00M438.00M386.00M386.00M404.00M
EBITDA -----------------------------------488.00M596.00M539.00M542.00M546.00M
Interest Expense -----------------------------------72.00M69.00M69.00M67.00M65.00M
Pretax Income -----------------------------------276.00M384.00M328.00M330.00M334.00M
Tax Provision -----------------------------------59.00M97.00M77.00M81.00M74.00M
Net Income 118.00M342.00M188.00M103.00M195.00M192.00M155.00M164.00M193.00M161.00M254.00M177.00M219.00M213.00M127.00M164.00M226.00M215.00M253.00M99.00M185.00M568.00M579.00M469.00M631.00M505.00M355.00M234.00M256.00M202.00M235.00M225.00M194.00M229.00M226.00M220.00M282.00M245.00M245.00M252.00M
Diluted EPS 0.812.351.290.711.371.341.091.161.371.151.821.271.571.530.921.201.661.561.860.731.364.144.213.464.964.022.921.962.171.782.051.961.722.031.991.942.472.162.182.24

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ----------7.40B7.53B7.73B9.44B-9.88B9.25B9.87B11.04B
Cost of Revenue ---------------6.45B6.20B6.63B7.37B
Gross Profit --3.13B3.05B3.03B3.02B2.82B2.80B2.84B2.90B2.68B2.60B2.69B3.63B-3.43B3.05B3.24B3.67B
Operating Expenses ---------------2.00B1.79B1.90B2.11B
Operating Income 1.09B1.22B1.36B1.28B987.00M1.20B1.48B983.00M1.40B1.28B1.17B1.10B1.23B1.97B-1.43B1.26B1.35B1.56B
EBITDA ---------------1.82B1.73B1.89B2.17B
Interest Expense ---------------148.00M163.00M226.00M277.00M
Pretax Income ---------------1.24B1.13B1.18B1.32B
Tax Provision ---------------264.00M248.00M273.00M314.00M
Net Income 339.94M581.49M729.11M720.89M471.00M556.00M849.00M556.00M709.00M645.00M772.00M736.00M858.00M1.43B-946.00M854.00M871.00M992.00M
Diluted EPS 1.742.963.874.052.923.465.543.814.874.515.505.296.2810.47-7.977.497.698.75

Compounded Sales Growth

5 Years:3.74%
1 Year:9.20%

Compounded Profit Growth

5 Years:1.60%
1 Year:15.50%

Stock Price Performance

1 Year:+14.47%
6 Months:+2.23%
3 Months:-7.63%
1 Month:+2.95%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2006Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --8.40B8.56B8.53B9.31B9.28B8.95B9.86B9.96B10.10B10.50B11.00B12.84B14.03B-12.84B14.02B16.15B16.23B
Current Assets ----------------1.90B2.37B2.39B2.38B
Cash & Equivalents 149.64M167.59M253.95M534.26M449.00M165.00M296.00M187.00M192.00M133.00M359.00M137.00M135.00M1.19B1.16B-315.00M686.00M549.00M420.00M
Inventory ----------------192.00M190.00M188.00M189.00M
Receivables ----------------1.20B1.21B1.30B1.41B
Total Liabilities ----------------6.83B7.60B9.26B8.94B
Current Liabilities --1.22B1.06B1.21B1.56B1.05B1.13B1.71B1.17B981.00M1.06B1.49B1.99B1.78B-1.55B1.81B2.17B2.28B
Long Term Debt ----2.64B--3.12B3.22B3.49B3.73B3.75B3.43B3.97B4.01B-3.98B4.41B5.62B5.17B
Total Debt ----------------4.71B5.50B7.09B6.58B
Total Equity --3.60B3.99B4.03B3.69B4.16B3.95B4.30B4.68B4.63B4.92B5.22B5.64B6.76B-5.89B6.31B6.78B7.17B
Shares Outstanding ----------------162.00M162.43M161.62M162.24M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 926.92M1.06B997.42M1.12B895.00M1.19B652.00M944.00M821.00M1.12B1.18B1.20B1.24B2.00B-1.72B1.27B1.33B1.89B
Investing Cash Flow -1.76B-198.88M-195.90M-216.51M-1.24B-217.00M328.00M-1.02B-362.00M-127.00M-830.00M-801.00M-411.00M-772.00M--543.00M-1.06B-2.55B-631.00M
Financing Cash Flow 850.22M-777.81M-521.20M-986.49M64.00M-822.00M-1.11B86.00M-518.00M-738.00M-592.00M-401.00M225.00M-1.27B--1.73B160.00M1.08B-1.39B
Capital Expenditure -219.10M-212.68M-166.93M-205.40M-161.00M-182.00M-231.00M-308.00M-263.00M-293.00M-252.00M-383.00M-400.00M-418.00M--404.00M-408.00M-425.00M-527.00M
Free Cash Flow 707.82M850.37M830.49M912.65M734.00M1.00B421.00M636.00M558.00M823.00M923.00M817.00M843.00M1.59B-1.31B864.00M909.00M1.36B
Net Change in Cash ----------------557.00M371.00M-130.00M-133.00M
Share Buybacks 145.66M254.00M499.99M750.00M935.00M200.00M1.04B132.00M224.00M590.00M465.00M322.00M353.00M325.00M2.20B1.41B275.00M151.00M450.00M

Ratios (Annual)

Figures in %.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ----------36.2%34.6%34.8%38.5%-34.7%33.0%32.9%33.2%
Operating Margin % ----------15.7%14.6%15.9%20.9%-14.4%13.6%13.6%14.1%
Net Margin % ----------10.4%9.8%11.1%15.2%-9.6%9.2%8.8%9.0%
ROE % -16.1%18.3%17.9%12.8%13.4%21.5%12.9%15.1%13.9%15.7%14.1%15.2%21.2%-16.1%13.5%12.9%13.8%
ROCE % -17.0%18.1%17.6%12.7%14.6%18.9%12.1%15.9%14.0%12.3%11.6%11.3%16.1%-12.7%10.3%9.6%11.2%

Shareholding Pattern

Insiders
0.43%
Institutions
97.67%
Public Float
98.09%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 8.29% 9.17M $1.79B
2 Vanguard Capital Management LLC 6.46% 7.15M $1.39B
3 Price (T.Rowe) Associates Inc 5.69% 6.30M $1.23B
4 Vanguard Portfolio Management LLC 5.49% 6.08M $1.19B
5 State Street Corporation 4.86% 5.38M $1.05B
6 Boston Partners 3.62% 4.01M $781.98M
7 JPMORGAN CHASE & CO 3.47% 3.85M $749.67M
8 Geode Capital Management, LLC 2.79% 3.09M $601.52M
9 Morgan Stanley 2.24% 2.48M $483.30M
10 Edgepoint Investment Group Inc. 2.03% 2.24M $437.33M

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