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FCF Margin for Quest Diagnostics (DGX)

As of · Reported

Metric

TTM

11.8%

YoY change

+3.11pp

Trough year (1999)

-38.6%

Peak year (2021)

17.0%

FCF Margin history chart for Quest Diagnostics (DGX) from 1996 to 2025

Latest: 12.3%

FCF Margin change chart for Quest Diagnostics (DGX) from 1996 to 2025

Latest: +3.11pp

FCF Margin history table for Quest Diagnostics (DGX) from 1996 to 2025

  • 202512.3%+3.11pp
  • 20249.2%-0.13pp
  • 20239.3%-3.96pp
  • 202213.3%-3.67pp
  • 202117.0%+0.15pp
  • 202016.8%+5.91pp
  • 201910.9%+0.06pp
  • 201810.8%-1.12pp
  • 201712.0%+1.65pp
  • 201610.3%+3.03pp
  • 20157.3%-1.17pp
  • 20148.5%+2.58pp
  • 20135.9%-7.72pp
  • 201213.6%+3.84pp
  • 20119.8%-2.61pp
  • 201012.4%+1.24pp
  • 200911.1%-0.59pp
  • 200811.7%+1.17pp
  • 200710.6%-1.54pp
  • 200612.1%+0.70pp
  • 200511.4%-0.75pp
  • 200412.1%+1.84pp
  • 200310.3%-0.44pp
  • 200210.7%+2.01pp
  • 20018.7%+1.34pp
  • 20007.4%+46.01pp
  • 1999-38.6%-45.53pp
  • 19986.9%-1.55pp
  • 19978.5%+18.30pp
  • 1996-9.8%—

FCF Margin values are taken from Quest Diagnostics's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Quest Diagnostics (DGX)

According to Quest Diagnostics's latest reported financial statements, the company's latest reported free cash flow margin is 11.8%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of Quest Diagnostics (DGX) free cash flow margin is 12.32% – expanded 3.1 percentage points year-over-year.

16.96% stands as the all-time-high annual free cash flow margin, posted in 2021, against a low of -38.61% during 1999.

Quest Diagnostics FCF Margin by Year

Quest Diagnostics FCF Margin 2025: 12.3%

In 2025, Quest Diagnostics reported free cash flow margin of 12.32%, expanded 3.1 percentage points from 2024.

Quest Diagnostics FCF Margin 2024: 9.2%

Quest Diagnostics free cash flow margin in 2024 was 9.21%, contracted 0.1 percentage points from 2023.

Quest Diagnostics FCF Margin 2023: 9.3%

2023's free cash flow margin for Quest Diagnostics came in at 9.34%, contracted 4.0 percentage points from 2022.

Quest Diagnostics FCF Margin 2022: 13.3%

Quest Diagnostics posted free cash flow margin of 13.30% in 2022, contracted 3.7 percentage points from 2021.

Quest Diagnostics FCF Margin 2021: 17.0%

Quest Diagnostics free cash flow margin in 2021 was 16.96%.

See more financial history for Quest Diagnostics (DGX).

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