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Laboratory Corporation of America Holdings
NYSE:LH

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Laboratory Corporation of America Holdings Logo
Laboratory Corporation of America Holdings
NYSE:LH
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Price: 198.9 USD -0.54%
Updated: Apr 18, 2024

ROE
Return on Equity

4.7%
Current
18%
Average
3%
Industry
Positive for the last year
4.7%
Positive average
18%
Worse than average
Better than industry value

ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.

ROE
4.7%
=
Net Income
418m
/
Equity
9.1B

ROE Across Competitors

ROE Comparison
Laboratory Corporation of America Holdings Competitors

Country US
Market Cap 16.7B USD
ROE
5%
Country US
Market Cap 95.5B EUR
ROE
11%
Country US
Market Cap 103.2B USD
ROE
11%
Country US
Market Cap 89.2B USD
ROE
11%
Country DE
Market Cap 20.5B EUR
ROE
4%
Country DE
Market Cap 15B EUR
ROE
-3%
Country US
Market Cap 14.1B USD
ROE
14%
Country US
Market Cap 11.3B USD
ROE
78%
Country DE
Market Cap 10.7B EUR
ROE
4%
Country US
Market Cap 9.5B USD
ROE
464%
Country US
Market Cap 9.1B USD
ROE
29%

Profitability Report

View the profitability report to see the full profitability analysis for Laboratory Corporation of America Holdings.

See Also

Discover More
What is Return on Equity?

ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.

ROE
4.7%
=
Net Income
418m
/
Equity
9.1B
What is the ROE of Laboratory Corporation of America Holdings?

Based on Laboratory Corporation of America Holdings's most recent financial statements, the company has ROE of 4.7%.