Quest Diagnostics
Quest Diagnostics returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 9.89% | 11.2% | 57.01% | 14.41% | 6.45% | 2.2 pp |
| FY 2026 Q1 | Mar 31, 2026 | 9.58% | 11.15% | 48.58% | 14.33% | 6.31% | 1.9 pp |
| FY 2025 Q4 | Dec 31, 2025 | 9.51% | 11.14% | — | 14.22% | 6.13% | 1.8 pp |
| FY 2025 Q3 | Sep 30, 2025 | 9.43% | 10.91% | 93.59% | 13.78% | 6% | 1.7 pp |
| FY 2025 Q2 | Jun 30, 2025 | 9.69% | 11.43% | 8.4% | 13.72% | 6.37% | 2 pp |
| FY 2025 Q1 | Mar 31, 2025 | 9.25% | 10.7% | 5.3% | 13.43% | 6.03% | 1.6 pp |
| FY 2024 Q4 | Dec 31, 2024 | 9.04% | 10.28% | 2.28% | 13.31% | 5.77% | 1.3 pp |
| FY 2024 Q3 | Sep 30, 2024 | 8.53% | 9.68% | 4.35% | 12.71% | 5.69% | 0.8 pp |
| FY 2024 Q2 | Jun 30, 2024 | 9.25% | 10.79% | 13.12% | 13.06% | 6.15% | 1.5 pp |
| FY 2024 Q1 | Mar 31, 2024 | 9.49% | 10.89% | 1.15% | 13.56% | 6.33% | 1.8 pp |
| FY 2023 Q4 | Dec 31, 2023 | 9.87% | 10.74% | -17.79% | 14% | 6.36% | 2.2 pp |
| FY 2023 Q3 | Sep 30, 2023 | 8.94% | 9.62% | -49.2% | 12.05% | 5.71% | 1.2 pp |
| FY 2023 Q2 | Jun 30, 2023 | 9.32% | 10.14% | -81.48% | 12.54% | 5.94% | 1.6 pp |
| FY 2023 Q1 | Mar 31, 2023 | 9.89% | 10.53% | -377.85% | 12.76% | 6.05% | 2.2 pp |
| FY 2022 Q4 | Dec 31, 2022 | 11.68% | 12.34% | — | 15.34% | 7.15% | 4 pp |
| FY 2022 Q3 | Sep 30, 2022 | 14.73% | 15.61% | -604.82% | 19.56% | 9.22% | 7 pp |
| FY 2022 Q2 | Jun 30, 2022 | 16.79% | 18.13% | -183.82% | 24.11% | 11.34% | 9.1 pp |
| FY 2022 Q1 | Mar 31, 2022 | 17.9% | 18.64% | -109.88% | 28.67% | 13.74% | 10.2 pp |
| FY 2021 Q4 | Dec 31, 2021 | 19.02% | 19.75% | — | 30.22% | 14.44% | 11.3 pp |
| FY 2021 Q3 | Sep 30, 2021 | 21.38% | 22.4% | 2,207.08% | 34.15% | 15.76% | 13.7 pp |
| FY 2021 Q2 | Jun 30, 2021 | 21.92% | 24.1% | — | 38.31% | 17.38% | 14.2 pp |
| FY 2021 Q1 | Mar 31, 2021 | 19.54% | 21.22% | 547.73% | 29.04% | 13.86% | 11.8 pp |
| FY 2020 Q4 | Dec 31, 2020 | 15.74% | 17.06% | 135% | 23.08% | 10.65% | 8 pp |
| FY 2020 Q3 | Sep 30, 2020 | 12.65% | 14.14% | 172% | 18.41% | 8.45% | 4.9 pp |
| FY 2020 Q2 | Jun 30, 2020 | 9.32% | 10.8% | 11.38% | 13.32% | 6.08% | 1.6 pp |
| FY 2020 Q1 | Mar 31, 2020 | 9.67% | 11.26% | 10.96% | 14.49% | 6.61% | 2 pp |
| FY 2019 Q4 | Dec 31, 2019 | 10.37% | 12.09% | 26.59% | 15.81% | 7.2% | 2.7 pp |
| FY 2019 Q3 | Sep 30, 2019 | 9.24% | 11.1% | -43.54% | 13.39% | 6.36% | 1.5 pp |
| FY 2019 Q2 | Jun 30, 2019 | 9.31% | 11.16% | -30.91% | 13.63% | 6.49% | 1.6 pp |
| FY 2019 Q1 | Mar 31, 2019 | 9.64% | 11.2% | -15.32% | 13.97% | 6.39% | 1.9 pp |
| FY 2018 Q4 | Dec 31, 2018 | 10.04% | 11.61% | -1.85% | 14.46% | 6.84% | 2.3 pp |
| FY 2018 Q3 | Sep 30, 2018 | 11.88% | 12.12% | 41.78% | 17.03% | 8.06% | 4.2 pp |
| FY 2018 Q2 | Jun 30, 2018 | 11.23% | 12.21% | 22% | 16.31% | 7.75% | 3.5 pp |
| FY 2018 Q1 | Mar 31, 2018 | 10.84% | 12.38% | 13.69% | 16.21% | 7.55% | 3.1 pp |
| FY 2017 Q4 | Dec 31, 2017 | 10.73% | 12.55% | 21.14% | 16.11% | 7.49% | 3 pp |
| FY 2017 Q3 | Sep 30, 2017 | 9.53% | 12.66% | -27.11% | 14.19% | 6.53% | 1.8 pp |
| FY 2017 Q2 | Jun 30, 2017 | 9.87% | 13.11% | -602.46% | 15.18% | 6.94% | 2.2 pp |
| FY 2017 Q1 | Mar 31, 2017 | 9.8% | 14.33% | — | 15.15% | 6.99% | 2.1 pp |
| FY 2016 Q4 | Dec 31, 2016 | 9.5% | 14.26% | — | 13.79% | 6.43% | 1.8 pp |
| FY 2016 Q3 | Sep 30, 2016 | 9.97% | 13.73% | — | 14.57% | 6.69% | 2.3 pp |
| FY 2016 Q2 | Jun 30, 2016 | 12.11% | 17.73% | 75.65% | 18.66% | 8.34% | 4.4 pp |
| FY 2016 Q1 | Mar 31, 2016 | 11.47% | 16.29% | 38.77% | 16.89% | 7.24% | 3.8 pp |
| FY 2015 Q4 | Dec 31, 2015 | 11.48% | 16.5% | 77.29% | 15.78% | 7.15% | 3.8 pp |
| FY 2015 Q3 | Sep 30, 2015 | 12.66% | 16.15% | — | 16.21% | 7.15% | 5 pp |
| FY 2015 Q2 | Jun 30, 2015 | 10.37% | 12.28% | — | 11.85% | 5.11% | 2.7 pp |
| FY 2015 Q1 | Mar 31, 2015 | 9.91% | 11.88% | — | 12.46% | 5.09% | 2.2 pp |
| FY 2014 Q4 | Dec 31, 2014 | 8.92% | 12.3% | -31.7% | 13.48% | 5.91% | 1.2 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 12.22% | — | 12.69% | 5.44% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 17.6% | — | 19.62% | 8.36% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 17.7% | — | 19.96% | 8.67% | — |
| FY 2013 Q4 | Dec 31, 2013 | 12.77% | 18.38% | — | 20.93% | 9.31% | 5.1 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | 18.36% | — | 19.02% | 8.35% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 13.69% | — | 13.16% | 5.64% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 14.08% | — | 13.2% | 5.68% | — |
| FY 2012 Q4 | Dec 31, 2012 | 10.1% | 15.02% | — | 14.15% | 5.98% | 2.4 pp |
| FY 2012 Q3 | Sep 30, 2012 | — | 16.04% | — | 17.92% | 7.39% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 16.53% | — | 18.81% | 7.42% | — |
| FY 2012 Q1 | Mar 31, 2012 | 11.49% | 16.43% | 16.73% | 19.3% | 7.32% | 3.8 pp |
| FY 2011 Q4 | Dec 31, 2011 | 8.32% | 13.21% | -24.55% | 12.18% | 5.28% | 0.6 pp |
| FY 2011 Q3 | Sep 30, 2011 | 7.83% | 12.96% | -30.41% | 12.11% | 5.03% | 0.1 pp |
| FY 2011 Q2 | Jun 30, 2011 | 8.15% | 13.12% | -27.44% | 12.87% | 5.28% | 0.5 pp |
| FY 2011 Q1 | Mar 31, 2011 | 9.36% | 13.8% | — | 14.18% | 5.69% | 1.7 pp |
| FY 2010 Q4 | Dec 31, 2010 | 12.6% | 17.49% | -185.19% | 17.97% | 8.44% | 4.9 pp |
| FY 2010 Q3 | Sep 30, 2010 | 12.77% | 18.14% | — | 18.96% | 8.76% | 5.1 pp |
| FY 2010 Q2 | Jun 30, 2010 | 12.58% | 18.31% | — | 19.07% | 8.76% | 4.9 pp |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · DGX, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.