OverviewSuggest Edit

Quest Diagnostics is a company providing diagnostic testing, information, and services. It offers diagnostic testing services through its network of laboratories and patient service centers, interpretive consultation through its medical and scientific staff, cancer diagnostics, and anatomic pathology services. The company serves patients, healthcare providers, pharmaceutical medical device companies, life insurance companies, and employers.

TypePublic
Founded1967
HQSecaucus, NJ, US
Websitequestdiagnostics.com
Employee Ratings3.4
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)40,000
Job Openings2,036
Revenue (FY, 2020)$9.4 B(+23%)
Share Price (Apr 2021)$131.2(-1%)
Cybersecurity ratingCMore

Key People/Management at Quest Diagnostics

Tim Sharpe

Tim Sharpe

Vice President, Compliance
Shawn Bevec

Shawn Bevec

Vice President, Investor Relations
Stephen H. Rusckowski

Stephen H. Rusckowski

Chairman, CEO and President
Mark J. Guinan

Mark J. Guinan

Executive Vice President and Chief Financial Officer
Cecilia McKenney

Cecilia McKenney

Senior Vice President, Chief Human Resources Officer
Gabrielle Wolfson

Gabrielle Wolfson

Senior Vice President, Chief Information & Digital Officer
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Quest Diagnostics Office Locations

Quest Diagnostics has offices in Secaucus, Santana De Parnaiba, Dublin and Ciudad de México
Secaucus, NJ, US (HQ)
500 Plaza Dr
Santana De Parnaiba, BR
1818 Estrada Tenente Marques, A06 & A07
Dublin, IE
Block 1, Unit 10, 9 Northwood Ave, Northside
Ciudad de México, MX
Frontera 4, Roma Nte., Cuauhtémoc
Ciudad de México, MX
World Trade Center 9th Floor, Office 19 Col. Napoles, Deleg. Benito Juarez
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Quest Diagnostics Financials and Metrics

Quest Diagnostics Revenue

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Quest Diagnostics's revenue was reported to be $9.44 b in FY, 2020 which is a 22.1% increase from the previous period.
USD

Revenue (FY, 2020)

9.4b

Revenue growth (FY, 2019 - FY, 2020), %

22.1%

Gross profit (FY, 2020)

3.6b

Gross profit margin (FY, 2020), %

38.5%

Net income (FY, 2020)

1.5b

EBIT (FY, 2020)

2.0b

Market capitalization (23-Apr-2021)

16.7b

Closing stock price (23-Apr-2021)

131.2

Cash (31-Dec-2020)

1.2b

EV

20.2b
Quest Diagnostics's current market capitalization is $16.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

7.5b7.7b9.4b

Revenue growth, %

3%22%

Cost of goods sold

4.9b5.0b5.8b

Gross profit

2.6b2.7b3.6b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.9b1.9b1.9b1.9b2.0b2.0b1.8b1.8b2.8b

Cost of goods sold

1.2b1.2b1.2b1.2b1.3b1.3b1.3b1.2b1.6b

Gross profit

658.0m676.0m667.0m647.0m688.0m692.0m552.0m606.0m1.2b

Gross profit Margin, %

35%35%35%34%35%35%30%33%43%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

135.0m1.2b1.2b

Accounts Receivable

1.0b1.1b1.5b

Prepaid Expenses

144.0m112.0m157.0m

Inventories

99.0m123.0m223.0m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

788.0m906.0m1.5b

Depreciation and Amortization

309.0m329.0m361.0m

Accounts Payable

(19.0m)73.0m452.0m

Cash From Operating Activities

1.2b1.2b2.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

189.0m422.0m649.0m164.0m415.0m641.0m106.0m299.0m890.0m

Depreciation and Amortization

74.0m151.0m228.0m108.0m165.0m247.0m85.0m174.0m263.0m

Accounts Payable

(68.0m)(64.0m)51.0m32.0m27.0m80.0m(47.0m)42.0m514.0m

Cash From Operating Activities

180.0m503.0m905.0m275.0m596.0m895.0m247.0m602.0m1.5b
USDQ1, 2018

EV/EBIT

64.3 x

EV/CFO

97.1 x

EV/FCF

163.3 x

Debt/Equity

0.8 x

Debt/Assets

0.4 x

Financial Leverage

2.1 x

P/E Ratio

78.6
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Quest Diagnostics Operating Metrics

FY, 2018FY, 2019FY, 2020

Facilities Leased

101111

Facilities Owned

766

Volume (Government Payers), percent

13%12%11%

Volume (Healthcare Insurers), percent

46%46%44%
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Quest Diagnostics Acquisitions / Subsidiaries

Company NameDateDeal Size
MACLJune 24, 2020
Blueprint GeneticsJanuary 22, 2020
PhenoPath LaboratoriesSeptember 27, 2018
ReproSourceSeptember 24, 2018
California Laboratory AssociatesOctober 30, 2017
Cleveland HeartLabOctober 18, 2017
Cape Cod Healthcare - BusinessJune 28, 2017
ClearPoint DiagnosticJune 12, 2017
Med fusionJune 12, 2017
PeaceHealth LaboratoriesFebruary 15, 2017
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Quest Diagnostics Revenue Breakdown

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Quest Diagnostics revenue breakdown by business segment: 96.8% from Diagnostic Information Services and 3.2% from Other

Human Capital Metrics

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Quest Diagnostics Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Quest Diagnostics Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Quest Diagnostics Online and Social Media Presence

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Quest Diagnostics Company Culture

  • Overall Culture

    C+

    65/100

  • CEO Rating

    C+

    67/100

  • Compensation

    C+

    64/100

  • Diversity

    B

    71/100

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Quest Diagnostics News and Updates

Quest Diagnostics Reports First Quarter 2021 Financial Results; Announces Plan for $1.5 Billion Accelerated Share Repurchase

SECAUCUS, N.J., April 22, 2021 /PRNewswire/ -- Quest Diagnostics Incorporated (NYSE: DGX), the world's leading provider of diagnostic information services, announced today financial results for the first quarter ended March 31, 2021. "Quest had a very strong first quarter, with our base...

Quest Diagnostics to buy back $900 million of its own shares in first half

Quest Diagnostics Inc. said Thursday it will buy back $900 million of its own shares in the first half of 2021. In a statement released ahead of an investor day, the company said its long-term outlook is to achieve a compound annual growth rate of 4% to 5% for adjusted per-share earnings in the per…

Quest Diagnostics Updates Strategic Growth Drivers and Provides Long-Term Outlook at 2021 Virtual Investor Day

SECAUCUS, N.J., March 11, 2021 /PRNewswire/ -- At a virtual meeting with analysts and investors at its Investor Day, members of the senior management team of Quest Diagnostics Incorporated (NYSE: DGX), the world's leading provider of diagnostic information services, will report on...

Quest Diagnostics Introduces New COVID-19 Semi-quantitative Serology Test Service

SECAUCUS, N.J., Feb. 24, 2021 /PRNewswire/ -- Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services, today introduced a new COVID-19 testing service that aids in providing insight into an individual's immune response as a result of a recent or...

EmblemHealth and Quest Diagnostics Renew Long-Standing Strategic Relationship

NEW YORK and SECAUCUS, N.J., Feb. 16, 2021 /PRNewswire/ -- EmblemHealth, one of the nation's largest non-profit health insurers, and Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services, have renewed their long-standing strategic relationship to...

Quest Diagnostics increases quarterly dividend, boosts share buyback by $1 billion

Quest Diagnostics Inc. said Thursday its board has approved a 10.7% increase in its quarterly dividend to 62 cents a share. The new dividend will be payable April 21 to shareholders of record as of April 7. The board has also approved a $1 billion increase in the company's share buyback authorizati…
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Quest Diagnostics Blogs

Quest Diagnostics Frequently Asked Questions

  • When was Quest Diagnostics founded?

    Quest Diagnostics was founded in 1967.

  • Who are Quest Diagnostics key executives?

    Quest Diagnostics's key executives are Tim Sharpe, Shawn Bevec and Stephen H. Rusckowski.

  • How many employees does Quest Diagnostics have?

    Quest Diagnostics has 40,000 employees.

  • What is Quest Diagnostics revenue?

    Latest Quest Diagnostics annual revenue is $9.4 b.

  • What is Quest Diagnostics revenue per employee?

    Latest Quest Diagnostics revenue per employee is $235.9 k.

  • Who are Quest Diagnostics competitors?

    Competitors of Quest Diagnostics include Invitae, Sonic Healthcare and Abbott.

  • Where is Quest Diagnostics headquarters?

    Quest Diagnostics headquarters is located at 500 Plaza Dr, Secaucus.

  • Where are Quest Diagnostics offices?

    Quest Diagnostics has offices in Secaucus, Santana De Parnaiba, Dublin and Ciudad de México.

  • How many offices does Quest Diagnostics have?

    Quest Diagnostics has 5 offices.