Quest Diagnostics Incorporated

EDGAR

Annual consolidated revenue for 2025: about USD 11.04B, using the latest reported figures. The previous period, 2024, was about USD 9.872B.

Watchlist

Latest quarter

Revenue

3.1 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 3097000000 USD Source

Operating margin

15.47%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 479000000 USD Source
  • Revenue: 3097000000 USD Source

Operating cash flow

611 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1486000000 USD Source
  • Operating Cash Flow: 875000000 USD Source

Free cash flow

445 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1486000000 USD Source
  • Operating Cash Flow: 875000000 USD Source
  • Capital Expenditure: 418000000 USD Source
  • Capital Expenditure: 252000000 USD Source
Cash and cash equivalents
797 million USD Source
Exact value

797000000 USD

Long-term debt including current maturities
5.55 billion USD Source
Exact value

5550000000 USD

Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

11.8 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 11035000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 8229000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 2895000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 3043000000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 3097000000 USD · 2026-07-01 – 2026-09-30 Source

Net income

1.13 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 992000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 747000000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 252000000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 320000000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 312000000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

1.95 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 1886000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 1421000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 278000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 875000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 278000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1486000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 875000000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

576 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 527000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 369000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 114000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 252000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 114000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 418000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 252000000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

1.38 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 1886000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 1421000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 278000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 875000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 278000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1486000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 875000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 527000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 369000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 114000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 252000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 114000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 418000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 252000000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-23.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • liabilities: No compatible figures in this window
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +11.8%

    Prior period

    USD 9.87 billion

    –

    Current period

    USD 11.04 billion

    –

    Exact inputs and evidence

    11035000000 − 9872000000 = 1163000000 USD

    9872000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    11035000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +13.9%

    Prior period

    USD 871 million

    –

    Current period

    USD 992 million

    –

    Exact inputs and evidence

    992000000 − 871000000 = 121000000 USD

    871000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    992000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +41.4%

    Prior period

    USD 1.33 billion

    –

    Current period

    USD 1.89 billion

    –

    Exact inputs and evidence

    1886000000 − 1334000000 = 552000000 USD

    1334000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1886000000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +24%

    Prior period

    USD 425 million

    –

    Current period

    USD 527 million

    –

    Exact inputs and evidence

    527000000 − 425000000 = 102000000 USD

    425000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    527000000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 11.04 billion 100% of revenue
  • Operating costs Derived USD 9.48 billion 86% of revenue
  • Operating income USD 1.56 billion 14% of revenue
  • Tax, interest and other Derived USD 564 million 5.1% of revenue
  • Net income USD 992 million 9% of revenue

Cash

  • Operating cash flow USD 1.89 billion 17% of revenue
  • Capital expenditure USD 527 million 4.8% of revenue
  • Free cash flow Derived USD 1.36 billion 12% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 82%
  • 2017 10%84%
  • 2018 9.8%85%
  • 2019 11%84%
  • 2020 15%79%
  • 2021 18%78%
  • 2022 9.6%86%
  • 2023 9.2%86%
  • 2024 86%
  • 2025 86%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-317214000000 5937000000 Derived 1277000000 632000000 Derived 645000000 823000000 Derived
Source
2017 2017-01-01 – 2017-12-317402000000 6237000000 Derived 1165000000 393000000 Derived 772000000 923000000 Derived
Source
2018 2018-01-01 – 2018-12-317531000000 6430000000 Derived 1101000000 365000000 Derived 736000000 817000000 Derived
Source
2019 2019-01-01 – 2019-12-317726000000 6495000000 Derived 1231000000 373000000 Derived 858000000 843000000 Derived
Source
2020 2020-01-01 – 2020-12-319437000000 7466000000 Derived 1971000000 540000000 Derived 1431000000 1587000000 Derived
Source
2021 2021-01-01 – 2021-12-3110788000000 8407000000 Derived 2381000000 386000000 Derived 1995000000 1830000000 Derived
Source
2022 2022-01-01 – 2022-12-319883000000 8455000000 Derived 1428000000 482000000 Derived 946000000 1314000000 Derived
Source
2023 2023-01-01 – 2023-12-319252000000 7990000000 Derived 1262000000 408000000 Derived 854000000 864000000 Derived
Source
2024 2024-01-01 – 2024-12-319872000000 8526000000 Derived 1346000000 475000000 Derived 871000000 909000000 Derived
Source
2025 2025-01-01 – 2025-12-3111035000000 9479000000 Derived 1556000000 564000000 Derived 992000000 1359000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 11B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.11.9B8.9B6.0B3.0B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue7214000000
2017Revenue7402000000
2018Revenue7531000000
2019Revenue7726000000
2020Revenue9437000000
2021Revenue10788000000
2022Revenue9883000000
2023Revenue9252000000
2024Revenue9872000000
2025Revenue11035000000

Revenue growth

Change in revenue from the same financial period one year earlier.

11.8% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.24.6%15.7%6.9%-2.0%-10.8%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-3.7%
2017Year over year2.6%
2018Year over year1.7%
2019Year over year2.6%
2020Year over year22.1%
2021Year over year14.3%
2022Year over year-8.4%
2023Year over year-6.4%
2024Year over year6.7%
2025Year over year11.8%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 14.1% 2025
Net margin 9% 2025
Free cash flow margin 12.3% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.23.8%17.9%11.9%6.0%0.0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin17.7%
2017Operating margin15.7%
2018Operating margin14.6%
2019Operating margin15.9%
2020Operating margin20.9%
2021Operating margin22.1%
2022Operating margin14.4%
2023Operating margin13.6%
2024Operating margin13.6%
2025Operating margin14.1%
2016Net margin8.9%
2017Net margin10.4%
2018Net margin9.8%
2019Net margin11.1%
2020Net margin15.2%
2021Net margin18.5%
2022Net margin9.6%
2023Net margin9.2%
2024Net margin8.8%
2025Net margin9%
2016Free cash flow margin11.4%
2017Free cash flow margin12.5%
2018Free cash flow margin10.8%
2019Free cash flow margin10.9%
2020Free cash flow margin16.8%
2021Free cash flow margin17%
2022Free cash flow margin13.3%
2023Free cash flow margin9.3%
2024Free cash flow margin9.2%
2025Free cash flow margin12.3%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.9B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.4B1.8B1.2B602.9M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow1116000000
2017Operating cash flow1175000000
2018Operating cash flow1200000000
2019Operating cash flow1243000000
2020Operating cash flow2005000000
2021Operating cash flow2233000000
2022Operating cash flow1718000000
2023Operating cash flow1272000000
2024Operating cash flow1334000000
2025Operating cash flow1886000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 1.4B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.0B1.5B988.2M494.1M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow823000000
2017Free cash flow923000000
2018Free cash flow817000000
2019Free cash flow843000000
2020Free cash flow1587000000
2021Free cash flow1830000000
2022Free cash flow1314000000
2023Free cash flow864000000
2024Free cash flow909000000
2025Free cash flow1359000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Liabilities / assetsNot reported
2017-12-31Liabilities / assetsNot reported
2018-12-31Liabilities / assetsNot reported
2019-12-31Liabilities / assetsNot reported
2020-12-31Liabilities / assetsNot reported
2021-12-31Liabilities / assetsNot reported
2022-12-31Liabilities / assetsNot reported
2023-12-31Liabilities / assetsNot reported
2024-12-31Liabilities / assetsNot reported
2025-12-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

1.04× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.86×1.39×0.93×0.46×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1.56×
2017Current assets / current liabilities1.24×
2018Current assets / current liabilities0.94×
2019Current assets / current liabilities1.25×
2020Current assets / current liabilities1.72×
2021Current assets / current liabilities1.56×
2022Current assets / current liabilities1.22×
2023Current assets / current liabilities1.31×
2024Current assets / current liabilities1.1×
2025Current assets / current liabilities1.04×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 645 million
Exact value

Exact value: 645000000 USD

2016-01-01 – 2016-12-31: 645000000 USD Inspect Net Income Open source
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USD 1.12 billion
Exact value

Exact value: 1116000000 USD

2016-01-01 – 2016-12-31: 1116000000 USD Inspect Operating Cash Flow Open source
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USD 293 million
Exact value

Exact value: 293000000 USD

2016-01-01 – 2016-12-31: 293000000 USD Inspect Capital Expenditure Open source
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USD 823 million
Calculation and evidence

1116000000 − 293000000 USD

Exact free cash flow: 823000000 USD

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2017 2017-01-01 – 2017-12-31
USD 772 million
Exact value

Exact value: 772000000 USD

2017-01-01 – 2017-12-31: 772000000 USD Inspect Net Income Open source
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USD 1.18 billion
Exact value

Exact value: 1175000000 USD

2017-01-01 – 2017-12-31: 1175000000 USD Inspect Operating Cash Flow Open source
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USD 252 million
Exact value

Exact value: 252000000 USD

2017-01-01 – 2017-12-31: 252000000 USD Inspect Capital Expenditure Open source
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USD 923 million
Calculation and evidence

1175000000 − 252000000 USD

Exact free cash flow: 923000000 USD

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2018 2018-01-01 – 2018-12-31
USD 736 million
Exact value

Exact value: 736000000 USD

2018-01-01 – 2018-12-31: 736000000 USD Inspect Net Income Open source
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USD 1.2 billion
Exact value

Exact value: 1200000000 USD

2018-01-01 – 2018-12-31: 1200000000 USD Inspect Operating Cash Flow Open source
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USD 383 million
Exact value

Exact value: 383000000 USD

2018-01-01 – 2018-12-31: 383000000 USD Inspect Capital Expenditure Open source
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USD 817 million
Calculation and evidence

1200000000 − 383000000 USD

Exact free cash flow: 817000000 USD

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2019 2019-01-01 – 2019-12-31
USD 858 million
Exact value

Exact value: 858000000 USD

2019-01-01 – 2019-12-31: 858000000 USD Inspect Net Income Open source
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USD 1.24 billion
Exact value

Exact value: 1243000000 USD

2019-01-01 – 2019-12-31: 1243000000 USD Inspect Operating Cash Flow Open source
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USD 400 million
Exact value

Exact value: 400000000 USD

2019-01-01 – 2019-12-31: 400000000 USD Inspect Capital Expenditure Open source
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USD 843 million
Calculation and evidence

1243000000 − 400000000 USD

Exact free cash flow: 843000000 USD

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2020 2020-01-01 – 2020-12-31
USD 1.43 billion
Exact value

Exact value: 1431000000 USD

2020-01-01 – 2020-12-31: 1431000000 USD Inspect Net Income Open source
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USD 2.01 billion
Exact value

Exact value: 2005000000 USD

2020-01-01 – 2020-12-31: 2005000000 USD Inspect Operating Cash Flow Open source
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USD 418 million
Exact value

Exact value: 418000000 USD

2020-01-01 – 2020-12-31: 418000000 USD Inspect Capital Expenditure Open source
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USD 1.59 billion
Calculation and evidence

2005000000 − 418000000 USD

Exact free cash flow: 1587000000 USD

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2021 2021-01-01 – 2021-12-31
USD 2 billion
Exact value

Exact value: 1995000000 USD

2021-01-01 – 2021-12-31: 1995000000 USD Inspect Net Income Open source
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USD 2.23 billion
Exact value

Exact value: 2233000000 USD

2021-01-01 – 2021-12-31: 2233000000 USD Inspect Operating Cash Flow Open source
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USD 403 million
Exact value

Exact value: 403000000 USD

2021-01-01 – 2021-12-31: 403000000 USD Inspect Capital Expenditure Open source
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USD 1.83 billion
Calculation and evidence

2233000000 − 403000000 USD

Exact free cash flow: 1830000000 USD

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2022 2022-01-01 – 2022-12-31
USD 946 million
Exact value

Exact value: 946000000 USD

2022-01-01 – 2022-12-31: 946000000 USD Inspect Net Income Open source
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USD 1.72 billion
Exact value

Exact value: 1718000000 USD

2022-01-01 – 2022-12-31: 1718000000 USD Inspect Operating Cash Flow Open source
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USD 404 million
Exact value

Exact value: 404000000 USD

2022-01-01 – 2022-12-31: 404000000 USD Inspect Capital Expenditure Open source
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USD 1.31 billion
Calculation and evidence

1718000000 − 404000000 USD

Exact free cash flow: 1314000000 USD

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2023 2023-01-01 – 2023-12-31
USD 854 million
Exact value

Exact value: 854000000 USD

2023-01-01 – 2023-12-31: 854000000 USD Inspect Net Income Open source
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USD 1.27 billion
Exact value

Exact value: 1272000000 USD

2023-01-01 – 2023-12-31: 1272000000 USD Inspect Operating Cash Flow Open source
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USD 408 million
Exact value

Exact value: 408000000 USD

2023-01-01 – 2023-12-31: 408000000 USD Inspect Capital Expenditure Open source
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USD 864 million
Calculation and evidence

1272000000 − 408000000 USD

Exact free cash flow: 864000000 USD

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2024 2024-01-01 – 2024-12-31
USD 871 million
Exact value

Exact value: 871000000 USD

2024-01-01 – 2024-12-31: 871000000 USD Inspect Net Income Open source
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USD 1.33 billion
Exact value

Exact value: 1334000000 USD

2024-01-01 – 2024-12-31: 1334000000 USD Inspect Operating Cash Flow Open source
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USD 425 million
Exact value

Exact value: 425000000 USD

2024-01-01 – 2024-12-31: 425000000 USD Inspect Capital Expenditure Open source
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USD 909 million
Calculation and evidence

1334000000 − 425000000 USD

Exact free cash flow: 909000000 USD

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2025 2025-01-01 – 2025-12-31
USD 992 million
Exact value

Exact value: 992000000 USD

2025-01-01 – 2025-12-31: 992000000 USD Inspect Net Income Open source
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USD 1.89 billion
Exact value

Exact value: 1886000000 USD

2025-01-01 – 2025-12-31: 1886000000 USD Inspect Operating Cash Flow Open source
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USD 527 million
Exact value

Exact value: 527000000 USD

2025-01-01 – 2025-12-31: 527000000 USD Inspect Capital Expenditure Open source
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USD 1.36 billion
Calculation and evidence

1886000000 − 527000000 USD

Exact free cash flow: 1359000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

184 filings · 8,615 latest values · 8,615 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001022079, 1022079, DGX, edgar:1022079

Also known as CORNING CLINICAL LABORATORIES INC, QUEST DIAGNOSTICS INC, Quest Diagnostics Inc, Quest Diagnostics Incorporated