COMP <GO>
LH vs CNC // EV/EBITDA & P/E VALUATION
Labcorp Holdings Inc. (NYSE) VS. Centene Corporation (NYSE) • 15-METRIC TALLY: LH 10
— CNC 3
■ METRIC PARITY
LAST: $361.39 (-1.84%) • MKT CAP: $29.86B
valuation
19.6x
LAST: $68.45 (-0.25%) • MKT CAP: $33.97B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (LH VS. CNC)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | LH | CNC | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 28.80% | 8.10% | +20.70 | LH | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 8.30% | -31.00% | +39.30 | LH | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 19.6x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 4.04% | 12.72% | -8.68 | CNC | /fcf-yield <GO> |
| Operating Margin | 9.90% | -4.40% | +14.30 | LH | /operating-margins <GO> |
| Net Profit Margin | 6.30% | -3.80% | +10.10 | LH | /net-margins <GO> |
| Revenue Growth (YoY) | 7.20% | 20.00% | -12.80 | CNC | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.81% | 0.00% | +0.81 | LH | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 3.58 | 2.52 | +1.06 | LH | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 6/9 | +2.00 | LH | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 76.9 | 53.9 | +23.00 | LH | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.96 | 0.94 | +0.02 | LH | /macro-sensitivity <GO> |
| Forward P/E Multiple | 31.6x | 36.0x | -4.40 | LH | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $29.86B | $33.97B | -$4.11B | CNC | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | LH REV | CNC REV | LH GROSS % | CNC GROSS % | LH FCF | CNC FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $13.95B | $174.58B | 28.8% | 8.1% | $1.21B | $4.32B |
| FY 2024 | $13.01B | $145.50B | 27.9% | 11.7% | $1.10B | -$490.0M |
| FY 2023 | $12.16B | $140.09B | — | — | $780.4M | $1.75B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
LH // BETA 0.96
CNC // BETA 0.94