Healthcare › Diagnostics & Research

Labcorp Holdings Inc. (LH) Stock Overview

Market Cap: $21.89B

Labcorp Holdings Inc. provides laboratory services. It operates through two segments, Diagnostics Laboratories and Biopharma Laboratory Services.

Mar 19, 2026$264.09

1Y +10.2%

Rewards

★Each dollar of retained earnings has created $2.13 of market value — management is an exceptional capital allocator.

Risks

⚠8 insider sales totaling $4.8M with no purchases in the past 3 months — insiders are reducing their exposure.
⚠Free cash flow has declined at a 7.6% CAGR over the past 4 years — a concerning trend.

LH Key Valuation Metrics

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Free Cash Flow

$966.63M

FCF Yield

4.42%

Trailing P/E

25.25

Forward P/E

13.70

ROIC

7.67%

ROE

10.15%

Gross Margin

28.76%

PEG Ratio

1.61

Debt / Equity

0.76

Interest Coverage

N/A

Net Debt / EBITDA

2.73

Dividend Yield

1.09%

LH Historical Fundamentals

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Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

LH $1 Retained Earnings Test

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Market Value

$2.13

created per $1 retained

Exceptional Value Creator

Earning Power

$-3.43

created per $1 retained

Earning Power Declined

Σ Retained

$1.30B

Δ Market Cap

+$2.78B

Δ Earning Power

$-4.47B

Buffett's "$1 Test": For every $1 retained, how much value did management create?
Market Value = market's verdict (mood-sensitive) · Earning Power = owner earnings / discount rate (mood-independent)

LH Discounted Cash Flow (DCF) Analysis

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60.6% Overvalued

Price is 60.6% above estimated fair value

Current Price: $264.09

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Fair Value: $164.49

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Parameter	Min (Bear)Value	BaseValue	Max (Bull)Value
Initial Cash Flow
Growth Rate (Yr 1-5)	%	%	%
Growth Rate (Yr 6-10)	%	%	%
Terminal Growth Rate	%	%	%
Discount Rate	%	%	%
	Bear Case $103.66 Implied EV: $14.59B	Base Case $164.49 Implied EV: $19.63B	Bull Case $220.61 Implied EV: $24.28B

Reverse DCF — Market-Implied Growth

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What growth rate is the market pricing in at $264?

+14.0%

Market-Implied Owner Earnings Growth

Standard FCF implies +12.7%

The market implies +14.0% Owner Earnings growth, above historical trends.

Standard FCF implies a demanding +12.7%, reflecting heavy growth investment.

LH Economic Moat Score

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52/100

Narrow Moat

70+ Wide · 40-69 Narrow · <40 None

Narrow moat with revenue predictability as the key competitive advantage. Improving roic consistency would strengthen the moat.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

LH Forensic Accounting

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-2.55

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

LH Management & Board

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Mr. Adam H. Schechter

President, CEO & Chairman · Age 60

$4.15M

total pay

Ms. Julia A. Wang

CFO & Executive VP · Age 53

$669,361

total pay

Mr. Mark S. Schroeder

Executive VP, President of Diagnostics Laboratories & COO · Age 64

$1.46M

total pay

Dr. Brian J. Caveney J.D., M.D., M.P.H.

EVP, President of Early Development Research Laboratories and Chief Medical & Scientific Officer · Age 51

$1.29M

total pay

Ms. Anita Z. Graham

Executive VP & Chief Human Resources Officer · Age 54

$1.58M

total pay

Mr. Peter J. Wilkinson

Senior VP & Chief Accounting Officer · Age 54

Mr. Akinbolade Oyegunwa M.B.A., Ph.D.

Executive VP and Chief Information & Technology Officer · Age 41

Christin O'Donnell

Vice President of Investor Relations

Ms. Kathryn Wright Kyle

Executive VP, Chief Legal Officer and Corporate Secretary · Age 54

Ms. Amy B. Summy

EVP, Chief Marketing Officer & Consumer Business Lead · Age 59

LH Ownership

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Insiders 0.3%Institutions 100.4%

No. of Institutional Holders1,392

High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

LH Insider Buying Activity

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Buys (3M)

Buys (12M)

No open market insider purchases found.

Open market purchases · includes direct & indirect ownership · excludes option exercises

LH Insider Selling Activity

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Sells (3M)

Sells (12M)

Total value (12M): $15.92M

SCHECHTER ADAM H

Chief Executive Officer

$2.44M

@ $279.96 · 2026-03-03

VAN DER VAART SANDRA DILLARD

Officer

$156,000

@ $285.19 · 2026-02-27

CAVENEY BRIAN J

Officer

$429,458

@ $286.31 · 2026-02-24

WILKINSON PETER J

Officer

$185,108

@ $277.94 · 2026-02-19

MELTZER JONATHAN C

Officer

$25,267

@ $290.43 · 2026-02-12

SCHECHTER ADAM H

Chief Executive Officer

$1.50M

@ $284.38 · 2026-02-11

MELTZER JONATHAN C

Officer

$25,188

@ $276.79 · 2026-02-10

MELTZER JONATHAN C

Officer

$24,247

@ $275.53 · 2026-02-09

SCHECHTER ADAM H

Chief Executive Officer

$1.51M

@ $262.75 · 2025-11-11

PARHAM RICHELLE P

Director

$1.78M

@ $254.28 · 2025-10-31

VAN DER VAART SANDRA DILLARD

Officer

$1.06M

@ $271.42 · 2025-08-13

SCHECHTER ADAM H

Chief Executive Officer

$1.51M

@ $266.78 · 2025-08-11

GILLILAND DWIGHT GARY

Director

$529,900

@ $264.95 · 2025-07-30

WILKINSON PETER J

Officer

$52,727

@ $261.02 · 2025-07-29

ANDERSON KERRII B

Director

$980,000

@ $280.00 · 2025-07-24

ANDERSON KERRII B

Director

$132,500

@ $265.00 · 2025-07-01

ANDERSON KERRII B

Director

$130,000

@ $260.00 · 2025-06-11

CAVENEY BRIAN J

Officer

$494,000

@ $247.00 · 2025-06-03

SCHECHTER ADAM H

Chief Executive Officer

$1.52M

@ $248.73 · 2025-05-12

VAN DER VAART SANDRA DILLARD

Officer

$452,884

@ $238.36 · 2025-05-01

WILKINSON PETER J

Officer

$200,838

@ $242.27 · 2025-05-01

SCHROEDER MARK S

Chief Operating Officer

$610,450

@ $231.67 · 2025-03-28

SUMMY AMY B

Officer

$175,606

@ $231.67 · 2025-03-28

ANDERSON KERRII B

Director

$127,817

@ $255.63 · 2025-03-05

SCHROEDER MARK S

President

$1.33M

@ $249.23 · 2025-02-28

VAN DER VAART SANDRA DILLARD

Officer

$330,208

@ $251.30 · 2025-02-25

SUMMY AMY B

Officer

$56,590

@ $250.40 · 2025-02-24

WILKINSON PETER J

Officer

$347,739

@ $246.10 · 2025-02-18

SCHECHTER ADAM H

Chief Executive Officer

$1.50M

@ $244.62 · 2025-02-11

ANDERSON KERRII B

Director

$235,000

@ $235.00 · 2025-01-07

EISENBERG GLENN A

Officer

$2.82M

@ $240.43 · 2024-12-02

GILLILAND DWIGHT GARY

Director

$241,000

@ $241.00 · 2024-12-02

SUMMY AMY B

Officer

$877,142

@ $238.94 · 2024-11-22

VAN DER VAART SANDRA DILLARD

Officer

$239,419

@ $239.42 · 2024-11-21

SCHECHTER ADAM H

Chief Executive Officer

$1.51M

@ $243.47 · 2024-11-11

ANDERSON KERRII B

Director

$230,000

@ $230.00 · 2024-10-24

VAN DER VAART SANDRA DILLARD

Officer

$454,100

@ $227.05 · 2024-08-19

EISENBERG GLENN A

Chief Financial Officer

$3.36M

@ $223.99 · 2024-08-15

ANDERSON KERRII B

Director

$225,000

@ $225.00 · 2024-08-08

BERBERIAN LANCE V

Chief Technology Officer

$2.77M

@ $229.10 · 2024-08-05

VAN DER VAART SANDRA DILLARD

Officer

$421,655

@ $210.83 · 2024-05-14

ANDERSON KERRII B

Director

$101,058

@ $202.12 · 2024-05-02

WILKINSON PETER J

Officer

$498,358

@ $204.33 · 2024-04-29

SUMMY AMY B

Officer

$760,515

@ $217.29 · 2024-04-01

SCHROEDER MARK S

Officer

$1.41M

@ $217.29 · 2024-04-01

VAN DER VAART SANDRA DILLARD

Officer

$770,077

@ $216.74 · 2024-03-28

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

LH 🎭 Mr. Market's Mood

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😐Neutral(50/100)

"Market is pricing this stock without strong emotion in either direction"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

LH ⚖️ Buffett Signal

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⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Neutral (50)

LH Investment Checklist & Notes

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Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 3/20/2026, 4:30:22 AM

LH Insider Buying Activity

Learn more →

Buys (3M)

Buys (12M)

No open market insider purchases found.

Open market purchases · includes direct & indirect ownership · excludes option exercises

LH Insider Selling Activity

Learn more →

Sells (3M)

Sells (12M)

Total value (12M): $15.92M

SCHECHTER ADAM H

Chief Executive Officer

$2.44M

@ $279.96 · 2026-03-03

VAN DER VAART SANDRA DILLARD

Officer

$156,000

@ $285.19 · 2026-02-27

CAVENEY BRIAN J

Officer

$429,458

@ $286.31 · 2026-02-24

WILKINSON PETER J

Officer

$185,108

@ $277.94 · 2026-02-19

MELTZER JONATHAN C

Officer

$25,267

@ $290.43 · 2026-02-12

SCHECHTER ADAM H

Chief Executive Officer

$1.50M

@ $284.38 · 2026-02-11

MELTZER JONATHAN C

Officer

$25,188

@ $276.79 · 2026-02-10

MELTZER JONATHAN C

Officer

$24,247

@ $275.53 · 2026-02-09

SCHECHTER ADAM H

Chief Executive Officer

$1.51M

@ $262.75 · 2025-11-11

PARHAM RICHELLE P

Director

$1.78M

@ $254.28 · 2025-10-31

VAN DER VAART SANDRA DILLARD

Officer

$1.06M

@ $271.42 · 2025-08-13

SCHECHTER ADAM H

Chief Executive Officer

$1.51M

@ $266.78 · 2025-08-11

GILLILAND DWIGHT GARY

Director

$529,900

@ $264.95 · 2025-07-30

WILKINSON PETER J

Officer

$52,727

@ $261.02 · 2025-07-29

ANDERSON KERRII B

Director

$980,000

@ $280.00 · 2025-07-24

ANDERSON KERRII B

Director

$132,500

@ $265.00 · 2025-07-01

ANDERSON KERRII B

Director

$130,000

@ $260.00 · 2025-06-11

CAVENEY BRIAN J

Officer

$494,000

@ $247.00 · 2025-06-03

SCHECHTER ADAM H

Chief Executive Officer

$1.52M

@ $248.73 · 2025-05-12

VAN DER VAART SANDRA DILLARD

Officer

$452,884

@ $238.36 · 2025-05-01

WILKINSON PETER J

Officer

$200,838

@ $242.27 · 2025-05-01

SCHROEDER MARK S

Chief Operating Officer

$610,450

@ $231.67 · 2025-03-28

SUMMY AMY B

Officer

$175,606

@ $231.67 · 2025-03-28

ANDERSON KERRII B

Director

$127,817

@ $255.63 · 2025-03-05

SCHROEDER MARK S

President

$1.33M

@ $249.23 · 2025-02-28

VAN DER VAART SANDRA DILLARD

Officer

$330,208

@ $251.30 · 2025-02-25

SUMMY AMY B

Officer

$56,590

@ $250.40 · 2025-02-24

WILKINSON PETER J

Officer

$347,739

@ $246.10 · 2025-02-18

SCHECHTER ADAM H

Chief Executive Officer

$1.50M

@ $244.62 · 2025-02-11

ANDERSON KERRII B

Director

$235,000

@ $235.00 · 2025-01-07

EISENBERG GLENN A

Officer

$2.82M

@ $240.43 · 2024-12-02

GILLILAND DWIGHT GARY

Director

$241,000

@ $241.00 · 2024-12-02

SUMMY AMY B

Officer

$877,142

@ $238.94 · 2024-11-22

VAN DER VAART SANDRA DILLARD

Officer

$239,419

@ $239.42 · 2024-11-21

SCHECHTER ADAM H

Chief Executive Officer

$1.51M

@ $243.47 · 2024-11-11

ANDERSON KERRII B

Director

$230,000

@ $230.00 · 2024-10-24

VAN DER VAART SANDRA DILLARD

Officer

$454,100

@ $227.05 · 2024-08-19

EISENBERG GLENN A

Chief Financial Officer

$3.36M

@ $223.99 · 2024-08-15

ANDERSON KERRII B

Director

$225,000

@ $225.00 · 2024-08-08

BERBERIAN LANCE V

Chief Technology Officer

$2.77M

@ $229.10 · 2024-08-05

VAN DER VAART SANDRA DILLARD

Officer

$421,655

@ $210.83 · 2024-05-14

ANDERSON KERRII B

Director

$101,058

@ $202.12 · 2024-05-02

WILKINSON PETER J

Officer

$498,358

@ $204.33 · 2024-04-29

SUMMY AMY B

Officer

$760,515

@ $217.29 · 2024-04-01

SCHROEDER MARK S

Officer

$1.41M

@ $217.29 · 2024-04-01

VAN DER VAART SANDRA DILLARD

Officer

$770,077

@ $216.74 · 2024-03-28

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

LH Investment Checklist & Notes

Learn more →

Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 3/20/2026, 4:30:22 AM

Labcorp Holdings Inc. (LH) Stock Overview

Rewards

Risks

LH Key Valuation Metrics

LH Historical Fundamentals

LH $1 Retained Earnings Test

LH Discounted Cash Flow (DCF) Analysis

Reverse DCF — Market-Implied Growth

LH Economic Moat Score

LH Forensic Accounting

M-Score Trend

LH Management & Board

LH Ownership

LH Insider Buying Activity

LH Insider Selling Activity

LH 🎭 Mr. Market's Mood

LH ⚖️ Buffett Signal

Compare LH

LH Investment Checklist & Notes

LH Insider Buying Activity

LH Insider Selling Activity

LH Investment Checklist & Notes