--- title: "Quest Diagnostics: Metrics Guide" description: "Quest Diagnostics revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/quest-diagnostics/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Quest Diagnostics: Financial & Operating Metrics Guide ## Direct Answer Quest Diagnostics reported revenue of $11.0 billion for the fiscal year ended December 31, 2025, with an operating margin of 14.1% and net income of $992 million, according to its SEC filings. Revenue grew 11.8% from the prior year. ## What Are Quest Diagnostics's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $11.0 billion | $9.9 billion | $9.3 billion | $9.9 billion | | Operating income | $1.6 billion | $1.3 billion | $1.3 billion | $1.4 billion | | Operating margin | 14.1% | 13.6% | 13.6% | 14.4% | | Net income | $992 million | $871 million | $854 million | $946 million | | Net margin | 9.0% | 8.8% | 9.2% | 9.6% | | Operating cash flow | $1.9 billion | $1.3 billion | $1.3 billion | $1.7 billion | | Capital expenditures | $527 million | $425 million | $408 million | $404 million | | Free cash flow | $1.4 billion | $909 million | $864 million | $1.3 billion | Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $1.4 billion against net income of $992 million; cash generation covered reported earnings. ![Bar chart of Quest Diagnostics revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $11.0 billion, operating income $1.6 billion and net income $992 million.](https://www.getswoopr.com/images/charts/quest-diagnostics-metrics-revenue-profit.webp) *Quest Diagnostics revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Quest Diagnostics operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 14.1% and net margin was 9.0%.](https://www.getswoopr.com/images/charts/quest-diagnostics-metrics-margins.webp) *Quest Diagnostics operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Quest Diagnostics operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $1.9 billion, capital expenditures was $527 million, free cash flow was $1.4 billion.](https://www.getswoopr.com/images/charts/quest-diagnostics-metrics-cash-flow.webp) *Quest Diagnostics operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Quest Diagnostics's Balance Sheet Show? | Cash and cash equivalents | $420 million | | --- | --- | | Long-term debt | $5.2 billion | | Total assets | $16.2 billion | | Total liabilities | Not reported | | Shareholders' equity | $7.2 billion | | Current ratio | 1.0x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Quest Diagnostics reported in its own SEC filings, read from the SEC's XBRL data (accession 0001022079-26-000015 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Quest Diagnostics's revenue in fiscal 2025? Quest Diagnostics reported revenue of $11.0 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Quest Diagnostics's operating margin? Quest Diagnostics's operating margin was 14.1% in fiscal 2025: operating income of $1.6 billion on revenue of $11.0 billion. ### How much free cash flow did Quest Diagnostics generate? Operating cash flow of $1.9 billion less capital expenditures of $527 million gives free cash flow of $1.4 billion for fiscal 2025. ## References - [SEC EDGAR: QUEST DIAGNOSTICS INC Form 10-K filed February 26, 2026](https://www.sec.gov/Archives/edgar/data/1022079/000102207926000015/dgx-20251231.htm) - [SEC EDGAR: QUEST DIAGNOSTICS INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1022079&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Quest Diagnostics company dossier](https://www.getswoopr.com/stocks/companies/quest-diagnostics/) - [Quest Diagnostics financial metrics](https://www.getswoopr.com/stocks/companies/quest-diagnostics/metrics/) - [Quest Diagnostics financial risk indicators](https://www.getswoopr.com/stocks/companies/quest-diagnostics/risks/) - [Quest Diagnostics peer comparison](https://www.getswoopr.com/stocks/companies/quest-diagnostics/competitors/) - [Quest Diagnostics business model and revenue mix](https://www.getswoopr.com/stocks/companies/quest-diagnostics/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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