Filing Flows › Labcorp Holdings (LH) › Q1 2025
Labcorp Holdings (LH) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Labcorp Holdings (LH) reported revenue of $3.3B for the first quarter 2025 (Q1 2025), +5% from a year earlier and +0.5% from the quarter before. Operating margin was 9.7%, net earnings $213M (6.4% of revenue).
Labcorp Holdings, Q1 2025: revenue $3.3B (+5% year over year), operating margin 9.7%, net earnings $213M, operating cash flow $18.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +0.5% | +5% |
| Gross profit | $948M | +6% | +6% |
| Operating profit | $326M | +51% | +1% |
| Net earnings | $213M | +48% | -7% |
| Operating cash flow | $18.5M | -98% | — |
What changed
Revenue was $3.3B in Q1 2025, up 5% year over year and roughly flat from the previous quarter.
Gross margin was 28.3%, up 0.1 points from a year earlier. Operating profit was $0.33B, a 9.7% margin (down 0.4 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 10% margin then. Operating expenses grew 8% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $0.21B, down 7% year over year. The effective tax rate was 22.6%.
Operating cash flow was $0.02B, 9% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.39B. Capital expenditures of $0.13B exceeded it, leaving free cash flow of −$0.11B.
Questions
What was Labcorp Holdings' revenue in the first quarter 2025?
Labcorp Holdings (LH) reported revenue of $3.3B for the first quarter 2025 (Q1 2025), +5% from a year earlier and +0.5% from the quarter before.
Was Labcorp Holdings profitable in the first quarter 2025?
Operating profit was $326M (9.7% of revenue) and net earnings $213M.
Source: Labcorp Holdings 10-Q on SEC EDGAR.