The Filing Desk

BrightSpring Health Services vs Labcorp

BrightSpring Health Services BTSG · Labcorp LH · Health Care Services

Labcorp reported revenue of $14.0 billion in fiscal 2025, about the same as BrightSpring Health Services' $12.9 billion in fiscal 2025. BrightSpring Health Services' revenue grew 28.2% in its latest year, and Labcorp's grew 7.2%. BrightSpring Health Services had an operating margin of 2.3%, against 9.9% at Labcorp. Free cash flow was $395 million at BrightSpring Health Services and $1.2 billion at Labcorp.

Side by side

BrightSpring Health ServicesLabcorp
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$12.9B$14.0B
Revenue growth28.2%7.2%
Revenue growth a year, last 5 years—−0.0%
Gross margin11.8%28.8%
Operating margin2.3%9.9%
Net margin1.5%6.3%
Free cash flow$395M$1.2B
Free cash flow margin3.1%8.6%
Return on capital5.2%8.2%
Net debt to EBITDA5.3x2.5x
Dividends and buybacks$43M$691M
Change in diluted share count13.9%−0.7%
Last close$58.88$329.90
P/E at the last close35.5×27.3×
Insider trades, last 12 monthssold $1.7 billionsold $13.7 million
Piotroski F-score7 of 97 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
BrightSpring Health ServicesLabcorp
Operating margin
Percent of revenue
BrightSpring Health ServicesLabcorp
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BrightSpring Health ServicesLabcorp

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the BrightSpring Health Services and Labcorp pages.