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Quest Diagnostics

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    • Healthcareclinical researchclinicsmedical diagnostics

    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.

    Revenue(FY, 2017)
    $7.7 B
    Market capitalization(2018-12-04)
    $12.2 B

    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
    Show all (12)
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    Quest Diagnostics Financials and Metrics

    Quest Diagnostics Revenue

    Embed Graph
    View revenue for all periods
    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%
    show all
    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
    show all
    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
    show all
    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
    Show all financial metrics

    Quest Diagnostics Operating Metrics

    FY, 2016

    Accounts

    		250 k

    Patents Issued

    		700

    Patents Pending

    		570

    Patient Service Centers

    		2.20 k
    Show all operating metrics

    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

    Embed Graph

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

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    Competitors

    Laboratory Corporation of America Holdings
    Healthcare - Public
    Thermo Fisher Scientific
    Healthcare - Public
    PRA Health Sciences
    Healthcare - Public
    Mednax
    Healthcare - Public
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    Quest Diagnostics Online and Social Media Presence

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    Quest Diagnostics News and Updates

    November 28, 2018

    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...
    November 28, 2018

    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...
    November 27, 2018

    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$...
    November 27, 2018

    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
    November 22, 2018

    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…
    November 11, 2018

    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

    December 04, 2018

    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
    November 27, 2018

    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
    November 11, 2018

    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
    November 01, 2018

    Clinical Genomics and Quest Diagnostics extend collaboration to provide InSure® ONE™, a fecal immunochemical test for colorectal cancer screening programs

    Relationship ensures broad access to innovative FIT test in the U.S.
    October 16, 2018

    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
    October 10, 2018

    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.