What is the primary revenue source for Labcorp (LH)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze LH's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Labcorp's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Labcorp Makes Money: LH Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

The largest revenue segment accounts for 77.91% of revenue, indicating concentration.

Operating margin improved by 0.97 percentage points year over year.

Revenue: USD 7.27B
Largest revenue segment share (Diagnostics): 77.91%
Cost of revenue: USD 5.14B
Selling, general and administrative: USD 1.13B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueRevenues · Revenues
Cost of revenueCost of revenues · CostOfRevenue
Selling, general and administrativeSelling, general, and administrative expenses · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Diagnostics)Diagnostics · segment_value / revenue * 100
Operating marginOperating income · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Goodwill accounts for 37.93% of total assets, a high share where impairment could hit earnings and equity.

Goodwill: USD 7.03B
Property, plant and equipment: USD 3.10B
Accounts receivable: USD 2.34B
Total liabilities: USD 9.91B
Shareholder equity: USD 8.61B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant, and equipment, net · PropertyPlantAndEquipmentNet
Shareholder equityTotal shareholders’ equity · StockholdersEquity
Total liabilitiesTotal liabilities · Liabilities
Accounts receivableAccounts receivable, net · AccountsReceivableNetCurrent

Cash

Did accounting profit ultimately turn into cash?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Net income: USD 576.50M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income (loss) available to common stockholders · NetIncomeLoss

Some conclusions lack complete source metrics and should be interpreted cautiously.

Capital expenditure data is missing, so free cash flow cannot be calculated.

Shareholders

Did the money earned actually make its way back to shareholders?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Share repurchase data is missing, making net shareholder return incomplete.

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?