Filing Flows › Quest Diagnostics (DGX) › Q1 2025
Quest Diagnostics (DGX) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Quest Diagnostics (DGX) reported revenue of $2.7B for the first quarter 2025 (Q1 2025), +12% from a year earlier and +1% from the quarter before. Operating margin was 13.0%, net earnings $220M (8.3% of revenue).
Quest Diagnostics, Q1 2025: revenue $2.7B (+12% year over year), operating margin 13.0%, net earnings $220M, operating cash flow $314M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +1% | +12% |
| Operating profit | $346M | -4% | +15% |
| Net earnings | $220M | -0.9% | +13% |
| Operating cash flow | $314M | -32% | +104% |
| Free cash flow | $197M | -42% | +294% |
What changed
Revenue was $2.7B in Q1 2025, up 12% year over year and up 1% from the previous quarter. DIS business was the largest line at 98% of revenue. DIS business added $0.29B year over year (up 13%), 102% of the total change. All other operating segments declined 7%.
Operating profit was $0.35B, a 13.0% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 13% margin then. Total costs grew 12% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+32%). Net earnings were $0.22B, up 13% year over year. The effective tax rate was 20.1%.
Operating cash flow was $0.31B (up 104% year over year), 134% of net income including minority interests. Non-cash charges added back $0.14B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.12B left free cash flow of $0.20B.
Questions
What was Quest Diagnostics' revenue in the first quarter 2025?
Quest Diagnostics (DGX) reported revenue of $2.7B for the first quarter 2025 (Q1 2025), +12% from a year earlier and +1% from the quarter before.
Was Quest Diagnostics profitable in the first quarter 2025?
Operating profit was $346M (13.0% of revenue) and net earnings $220M.
Source: Quest Diagnostics 10-Q on SEC EDGAR.