Quest Diagnostics is the world's leading provider of diagnostic testing, information, and services that patients and doctors need to make better healthcare decisions. The Company offers the broadest access to diagnostic testing services through its network of laboratories and patient service centers, interpretive consultation through its extensive medical and scientific staff, cancer diagnostics, and anatomic pathology services.

Quest Diagnostics's wide range of products and services benefit patients, healthcare providers, and pharmaceutical medical device companies, life insurance companies, and employers.

Employee Rating

3.4More
TypePublic
HQMadison, US
Founded1967
Size (employees)45,000 (est)
Websitequestdiagnostics.com
Quest Diagnostics was founded in 1967 and is headquartered in Madison, US
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Key People/Management at Quest Diagnostics

Stephen H. Rusckowski

Stephen H. Rusckowski

Chairman, President and Chief Executive Officer

Quest Diagnostics Office Locations

Quest Diagnostics has offices in Madison, Guaynabo, San Juan, Fajardo and in 6 other locations
Madison, (HQ)
Giralda Farms
Secaucus,
500 Plaza Dr
Barceloneta,
PR-2
Bayamón,
Av. Main
Caguas,
5 Calle Padial
Caguas,
5 Av. Luis Muñoz Marín
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Quest Diagnostics Financials and Metrics

Quest Diagnostics Revenue

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Quest Diagnostics's revenue was reported to be $7.71 b in FY, 2017 which is a 2.6% increase from the previous period.
USD

Revenue (Q3, 2018)

1.9b

Gross profit (Q3, 2018)

667.0m

Gross profit margin (Q3, 2018), %

35.3%

Net income (Q3, 2018)

227.0m

EBIT (Q3, 2018)

304.0m

Market capitalization (4-Dec-2018)

12.2b

Closing stock price (4-Dec-2018)

89.7

Cash (30-Sep-2018)

263.0m

EV

15.6b
Quest Diagnostics's current market capitalization is $12.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

7.1b7.4b7.5b7.5b7.7b

Revenue growth, %

4%1%0%3%

Cost of goods sold

4.3b4.6b4.7b4.6b4.7b

Gross profit

2.8b2.8b2.8b2.9b3.0b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

1.8b1.7b1.9b1.9b1.8b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b1.9b3.8b1.9b

Cost of goods sold

1.1b1.1b1.2b1.2b1.2b1.2b1.2b1.1b1.2b1.2b1.2b1.2b1.2b1.2b2.5b1.2b

Gross profit

698.6m645.0m728.0m726.0m676.0m743.0m718.0m719.0m751.0m728.0m734.0m773.0m741.0m658.0m1.3b667.0m

Gross profit Margin, %

39%37%38%38%37%39%38%39%39%39%39%40%38%35%35%35%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

187.0m192.0m133.0m359.0m137.0m

Accounts Receivable

926.0m924.0m

Prepaid Expenses

155.0m150.0m

Inventories

91.0m110.0m84.0m82.0m95.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

158.3m144.0m144.0m170.0m974.0m150.0m123.0m128.0m283.0m406.0m367.0m314.0m350.0m124.0m132.0m263.0m

Inventories

85.2m99.0m109.0m111.0m106.0m109.0m86.0m82.0m80.0m82.0m77.0m83.0m100.0m94.0m91.0m95.0m

Current Assets

1.4b1.5b1.5b1.6b2.4b1.5b1.6b1.5b1.5b1.6b1.6b1.5b1.5b1.4b1.4b1.6b

PP&E

749.4m851.0m884.0m888.0m902.0m906.0m886.0m925.0m937.0m952.0m1.0b1.0b1.1b1.2b1.2b1.2b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

883.0m592.0m753.0m696.0m824.0m

Depreciation and Amortization

304.0m249.0m270.0m

Accounts Payable

(21.0m)68.0m(24.0m)56.0m(8.0m)

Cash From Operating Activities

652.0m938.0m821.0m1.1b1.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

732.1m111.0m253.0m392.0m70.0m199.0m553.0m114.0m324.0m529.0m175.0m382.0m557.0m189.0m422.0m649.0m

Depreciation and Amortization

211.0m75.0m156.0m235.0m78.0m153.0m230.0m62.0m123.0m186.0m62.0m128.0m197.0m74.0m151.0m228.0m

Accounts Payable

(76.8m)(86.0m)(39.0m)20.0m(120.0m)(49.0m)(41.0m)(77.0m)23.0m43.0m(95.0m)(93.0m)(3.0m)(68.0m)(64.0m)51.0m

Cash From Operating Activities

441.6m84.0m364.0m635.0m52.0m327.0m539.0m143.0m464.0m765.0m196.0m490.0m852.0m180.0m503.0m905.0m
USDY, 2018

EV/EBIT

51.5 x

EV/CFO

17.3 x

EV/FCF

23.2 x

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2 x
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Quest Diagnostics Operating Metrics

FY, 2016

Accounts

250 k

Patents Issued

700

Patents Pending

570

Patient Service Centers

2.20 k
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Quest Diagnostics Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
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

Quest Diagnostics Revenue Breakdown

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Quest Diagnostics revenue breakdown by business segment: 95.6% from Diagnostic Information Services and 4.4% from Other

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Quest Diagnostics Online and Social Media Presence

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Quest Diagnostics News and Updates

Quest Diagnostics to Discuss Strategic Growth Drivers and Financial Outlook at 2018 Investor Day

SECAUCUS, N.J., Nov. 28, 2018 /PRNewswire/ -- At a meeting with analysts and investors at its Investor Day tomorrow, members of the senior management team of Quest Diagnostics Incorporated (NYSE: DGX), the world's leading provider of diagnostic information services, will discuss the...

Quest Diagnostics to Build Flagship Laboratory at Visionary Campus in Clifton, New Jersey to Empower Better Health for Patients in Seven States

SECAUCUS, N.J., Nov. 28, 2018 /PRNewswire/ -- Quest Diagnostics Incorporated (NYSE: DGX), the world's leading provider of diagnostic information services, announced today that it will build a flagship laboratory in Clifton, N.J. to enhance the diagnostic information services it provides...

Global Esoteric Testing Market Analysis and Forecasts Report 2018-2025 Featuring Key Players - Laboratory Corporation of America Holdings & Quest Diagnostics Incorporated

DUBLIN, Nov. 27, 2018 /PRNewswire/ -- The "Esoteric Testing Market to 2025 - Global Analysis and Forecasts by Technology, Test Type, End User and Geography" report has been added to ResearchAndMarkets.com's offering. The market is expected to reach US$ $ 45,081.6 Mn in 2025 from US$...

Medical Software Market Viewpoint To 2023 With Emerging Key Players As eClinicalWorks, McKesson, Cerner Corp, Allscripts, Athena Health, GE Healthcare, Epic Systems Corp, Quest Diagnostics (DELL), Optum Health

Qurate Business Intelligence added “Medical Software Market” to its research database with information such as company profiles, product picture and specification. Posted via Industry Today. Follow us on Twitter @IndustryToday

Healthcare Revenue Cycle Management Software Market: by Epic Systems Corporation, Quest Diagnostics, Inc., CareCloud Corporation, Allscripts Healthcare Solutions, Inc. and McKesson Corp

The Global Healthcare Revenue Cycle Management Software Market Report includes a comprehensive analysis of the present market. The report starts with the basic Global Healthcare Revenue Cycle Management Software Market overview and then goes into each and every detail. Posted via Industry Today. Fol…

Quest Diagnostics to accelerate cardiovascular disease biomarker discovery as part of One Brave Idea (TM) initiative to end coronary heart disease

 (NewMediaWire) - November 11, 2018 - CHICAGO — Developing novel approaches to understand cardiovascular health and pre-disease is the cornerstone strategy of One Brave Idea™, a research initiative led by Dr. Calum MacRae, vice chair for Scientific Innovation in the department of Medicine at Br…
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Quest Diagnostics Blogs

Aetna and Ascension Join Five Other Leading Health Care Companies in Blockchain-Driven Effort to Address Health Care Provider Data Issues

Pilot Launched in April under Leadership of Humana, MultiPlan, Optum, Quest Diagnostics and UnitedHealthcare

Quest Diagnostics to Acquire the Laboratory Services Business of Boyce and Bynum Pathology Laboratories, Expanding Diagnostic Innovation in the Midwest

Transaction aims to provide a broader range of clinical and pathology diagnostic services to patients, hospitals and physicians throughout Missouri and surrounding Midwestern states

Quest Diagnostics to accelerate cardiovascular disease biomarker discovery as part of One Brave Idea™ initiative to end coronary heart disease

The power of healthcare data gives rise to novel markers of cardiovascular disease and stroke in the earliest, preventable stages

Quest Diagnostics to Present New Insights from Genetic Testing at the 2018 American Society of Human Genetics Annual Meeting

Four Presentations Reveal Genetic Insights from Quest's Advanced Diagnostics

Quest Diagnostics Completes Acquisition of Provant Health, Extending Health and Wellness Services

Bolsters company's expert screening and intervention services for employers and managed populations
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Quest Diagnostics Company Life and Culture

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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 Stephen H. Rusckowski.

  • How many employees does Quest Diagnostics have?

    Quest Diagnostics has 45,000 employees.

  • What is Quest Diagnostics revenue?

    Latest Quest Diagnostics annual revenue is $7.7 b.

  • What is Quest Diagnostics revenue per employee?

    Latest Quest Diagnostics revenue per employee is $171.3 k.

  • Who are Quest Diagnostics competitors?

    Competitors of Quest Diagnostics include Laboratory Corporation of America Holdings, Thermo Fisher Scientific and PRA Health Sciences.

  • Where is Quest Diagnostics headquarters?

    Quest Diagnostics headquarters is located at Giralda Farms, Madison.

  • Where are Quest Diagnostics offices?

    Quest Diagnostics has offices in Madison, Guaynabo, San Juan, Fajardo and in 6 other locations.

  • How many offices does Quest Diagnostics have?

    Quest Diagnostics has 12 offices.