“The decrease in net cash used for investing activities for the year ended December 31, 2025 as compared to the year ended December 31, 2024, was primarily due to a decrease in business acquisitions and lower capital expenditures, partially offset by the inves…”10-K · Feb 24, 2026 ↗
Labcorp Holdings Inc.
LH
Market read
Labcorp Holdings Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 39 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
- Revenue increased 5.8% versus the comparable filing period.
- LH's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if LH's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 39 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
- Revenue increased 5.8% versus the comparable filing period.
- Operating margin improved 1.0 percentage points.
- Net income increased 30.5% versus the comparable filing period.
No thresholded adverse filing evidence is available yet.
- LH's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +7.2% year over year.
- Operating margin changed +1.6 percentage points in the latest annual period.
- Capital investment and capacity has repeated adverse evidence across 4 filings.
- P/E is 22% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 16% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
311.64Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Subject to customary closing conditions and applicable regulatory approvals, the Company expects the acquisition of select assets from Parkview to close in 2026.”10-Q · May 4, 2026 ↗
“The decrease was primarily due to growth in demand as the Company leveraged the growth of its revenues and a decrease in costs related to the Spin-off, partially offset by higher personnel costs and the impact from Invitae.”10-K · Feb 24, 2026 ↗
“Provision for Income Taxes Three Months Ended March 31, 2026 2025 Provision for income taxes $ 41.7 $ 62.2 Provision for income taxes as a percentage of earnings from operations before income taxes 13.1 % 22.6 % The decrease in the effective tax rate for the…”10-Q · May 4, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.9× · EV/sales 2.2×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for LH. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-05-04 against the comparable filing from 2025-04-29.
What improved
- Revenue increased 5.8% versus the comparable filing period.
- Operating margin improved 1.0 percentage points.
- Net income increased 30.5% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“Price/mix increased by 2.6% due to organic growth of 1.8%, acquisitions, net of divestitures, of 0.6%, and favorable foreign currency translation of 0.2%.”
“The decrease in cash used for investing activities for the three months ended March 31, 2026, as compared to the corresponding period in 2025, was primarily due to a decrease in purchases of equity affiliate or other investments and lower capital expenditures, partially offset by an increase in business acquisitions.”
“arch 31, 2026, as compared to the corresponding period in 2025, was primarily due to a decrease in purchases of equity affiliate or other investments and lower capital expenditures, partially offset by an increase in business acquisitions.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind LH
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
FTREFortrea Holdings Inc.investeeMay 5, 2026 ▾
“Prior to the spin-off which was completed on June 30, 2023 (the “Spin” or “the Separation”), Fortrea existed and functioned as part of Labcorp Holdings Inc., which we refer to in this discussion and analysis as “Labcorp” or “Former Parent.” The following disc…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
LH is currently a Follower in the organic co-movement group Healthcare-Defense Mix. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for LH; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.