DGX

Quest Diagnostics
D

DGX

Arincen63/100B

If you had invested in Quest Diagnostics ago, it would be worth $3,850 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

63/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation7.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Quest Diagnostics key facts

Style
Value stock · 6.2/10Growth 3.6 · Value 6.2 · Dividend 4.7
Day range
251.79 – 258.07
52-week range
171.18 – 259.00
Market capitalization
28.21B USD
P/E
25.11
PEG ratio
2.26
EPS
10.18
Div Yield
1.35%
EPS growth forecast (FY2026)
+14.8%
Volume
0
Beta
0.54
ESG score
62.3/100Environment 62 · Social 60 · Governance 65
Sector
Healthcare
Industry
Medical - Diagnostics & Research
CEO
James E. Davis
Employees
57K
IPO date
17 Dec 1996

Quest Diagnostics earnings

Next earnings · Q4 FY2026
EPS estimate
2.68 USD
Revenue estimate
3.04B USD
Last quarter · Q3 FY2026
EPS3.00Beat +4.5%Revenue3.10BBeat +1.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20273.14——+4.70%3.24B——+4.64%
Q2 FY20273.08——-1.26%3.19B——+4.70%
Q1 FY20272.70——+7.92%3.03B——+4.59%
Q4 FY20262.68——+10.74%3.04B——+8.44%
Q3 FY20262.873.00+4.53%+15.38%3.05B3.10B+1.47%+9.98%
Q2 FY20262.823.12+10.64%+19.08%2.97B3.04B+2.36%+10.21%
Q1 FY20262.372.50+5.49%+13.12%2.83B2.90B+2.35%+9.16%
Q4 FY20252.362.42+2.54%+8.52%2.75B2.81B+1.88%+7.06%
Q3 FY20252.502.60+4.00%+13.04%2.74B2.82B+2.94%+13.18%
Q2 FY20252.572.62+1.95%+11.49%2.73B2.76B+1.32%+15.19%

Quest Diagnostics analyst forecast

12-month price target
256.17 USD
+0.23%

Analysts' 1-year price targets range from 245.00 to 262.00, with an average of 256.17.

Past year
1-year forecast
Strong sellStrong buy
Hold
9 ratings
Buy
3
Hold
6
Sell
0

12-month price target

Highest target262.00
Average target256.17
Lowest target245.00
Current price255.59

Quest Diagnostics valuation

Price to earnings ratio (TTM)
25.11
Forward P/E (FY2026)
22.60
Price to sales (TTM)
2.38
Price to book
3.70
EV / EBITDA (TTM)
14.63

Capital structure

Market capitalization
28.21B USD
+
Total debt
6.29B USD
−
Cash and short-term investments
797.00M USD
=
Enterprise value
33.70B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)19.57————
FY2027 (est.)21.3419.57———
FY2026 (est.)22.6021.34———
Now (TTM)25.1121.512.383.7014.63
FY202519.5615.341.752.6911.74
FY202419.3415.371.702.4712.29
FY202318.1715.501.672.4511.69
FY202219.2717.951.843.0812.39
FY202110.8817.572.003.368.08

Quest Diagnostics against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Labcorp Holdings, Illumina, Mettler-Toledo International, Guardant Health, IQVIA Holdings, and Waters, the US Medical - Diagnostics & Research companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median25.1
    7.626.0
  • Gross marginLowest in 5 years31.9%
    31.9%39.0%
    Against its peers: 6 of 7Peers' median 58.6%
  • Operating marginAbove its median14.5%
    13.6%22.1%
    Against its peers: 4 of 7Peers' median 16.6%
  • Net marginBelow its median9.0%
    8.8%18.5%
    Against its peers: 4 of 7Peers' median 14.0%
  • Return on equityAt its median13.8%
    12.9%31.0%
    Against its peers: 4 of 5Peers' median 23.0%
  • Free cash flow marginAt its median12.3%
    9.2%17.0%
    Against its peers: 5 of 7Peers' median 14.8%
  • Revenue growthAbove its median11.8%
    -8.4%14.3%
    Against its peers: 2 of 7Peers' median 6.4%
  • EPS growthAbove its median13.8%
    -48.6%47.6%
    Against its peers: 2 of 5Peers' median 4.3%
  • Debt to EBITDAAt its median3.15×
    1.51×3.74×
    Against its peers: 4 of 6Peers' median 1.89×
  • Current ratioLowest in 5 years1.04
    1.041.56
    Against its peers: 6 of 7Peers' median 1.58

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Quest Diagnostics growth and profitability

Revenue (TTM)
11.84B USD
Net income (TTM)
1.13B USD
Gross margin
33.15%
Operating margin
14.59%
Net margin
9.53%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202511.04B+11.78%992.00M+13.89%31.93%14.53%8.99%2.19B+15.84%
FY20249.87B+6.70%871.00M+1.99%32.86%13.63%8.82%1.89B+9.35%
FY20239.25B-6.38%854.00M-9.73%33.17%13.64%9.23%1.73B-4.84%
FY20229.88B-8.39%946.00M-52.58%34.74%14.45%9.57%1.82B-42.39%
FY202110.79B+14.32%2.00B+39.41%39.02%22.07%18.49%3.16B+31.02%

Quest Diagnostics revenue breakdown

By product

FY2025
100.0%Diagnostic Information Services Business
SegmentRevenueShare of revenueChange on the year
Diagnostic Information Services Business10.79B100.0%+12.2%

How Quest Diagnostics makes its money

Revenue11.04B 100.0%
Cost of revenue7.51B 68.1%
Gross profit3.52B 31.9%
Selling and administration1.97B 17.8%
Operating income1.60B 14.5%
Tax314.00M 2.8%
Other expense297.00M 2.7%
Net income992.00M 9.0%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Quest Diagnostics dividends

Annual dividend
3.44 USD
Dividend yield (indicated)
1.35%
Payout ratio
33.20%
Years of dividend growth
15
Frequency
Quarterly
Last payment
0.86 USD
Last ex-dividend date
6 Oct 2026
Last payment date
21 Oct 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share3.152.962.793.262.422.212.121.951.801.58

Quest Diagnostics financial health

Cash and short-term investments
797.00M USD
Total debt
6.29B USD
Net cash
-5.49B USD
Free cash flow (TTM)
1.38B USD
Current ratio
1.70
Debt to equity
0.82
Piotroski score
7 / 9
Altman Z-score
3.80

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025420.00M6.92B1.36B
FY2024549.00M7.09B909.00M
FY2023686.00M5.50B864.00M
FY2022315.00M4.71B1.31B
FY2021872.00M4.77B1.83B

Quest Diagnostics ownership

Institutions
96.07%
Institutional holders
1,128 (+43)
Free float
99.20%

Who owns the shares

Institutions 96.1% Others 3.9%
As of 30 Jun 2026

Shares free to trade

Free float 109.49M shares ·99.2% Closely held 879.59K shares ·0.8%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260831.71K45.41K
Q3 20260523.15K57.95K
Q2 20260220.08K26.29K
Q1 2026017308.52K159.85K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025111.00M113.00M0.00%
FY2024111.00M113.00M0.00%
FY2023112.00M113.00M-4.24%
FY2022116.00M118.00M-7.81%
FY2021125.00M128.00M-5.88%

Source: Financial Modeling Prep

Related Instruments

Title: Quest Diagnostics

Sector: Healthcare
Industry: Medical - Diagnostics & Research
Quest Diagnostics is a leading independent provider of diagnostic testing, information, and services in the US. The company generates over 97% of its revenue through clinical testing, anatomic pathology, esoteric testing, and substance abuse testing with specimens collected at its national network of roughly 2,400 patient service centers, as well as multiple doctors offices and hospitals. The firm also runs a much smaller diagnostic solutions segment that provides clinical trials testing, risk-assessment services, and information technology solutions.

Common questions about Quest Diagnostics stock

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