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Caris Life Sciences vs Labcorp: revenue, profit, margins and growth compared

Caris Life Sciences brought in $812M of revenue in fiscal 2025, Labcorp $14B in fiscal 2025. Revenue changed by +97.0% at Caris Life Sciences and +7.2% at Labcorp on the year before, so Caris Life Sciences grew faster. Caris Life Sciences kept -8.4% of its revenue as net profit, Labcorp 6.3%. Free cash flow was $66.9M at Caris Life Sciences and $1.2B at Labcorp.

Side by side, latest fiscal year

CAILH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$812M$14B
Revenue growth+97.0%+7.2%
Net income-$68.1M$876.5M
Net margin-8.4%6.3%
Free cash flow$66.9M$1.2B
Free cash flow margin8.2%8.6%
Earnings per share (diluted)-$3.22$10.46
Cash$796.3M$532.3M
Debt$378.5M$5.6B
Price to earningsn/a29.6
Market value$9B$25.1B
Dividend yieldn/a0.93%
Rank by revenue in sector#161 of 523 · Health care#35 of 523 · Health care

Over the years

Revenue
CAI FY2023: $306.1MCAI FY2025: $412.3MCAI FY2025: $812MLH FY2018: $11.3BLH FY2019: $11.6BLH FY2020: $14BLH FY2021: $13.1BLH FY2021: $11.9BLH FY2023: $12.2BLH FY2024: $13BLH FY2025: $14BFY18FY19FY20FY21FY23FY24FY25
CAI $812MLH $14B
Net income
CAI FY2023: -$341.4MCAI FY2025: -$281.9MCAI FY2025: -$68.1MLH FY2018: $883.7MLH FY2019: $823.8MLH FY2020: $1.6BLH FY2021: $2.4BLH FY2021: $1.3BLH FY2023: $418MLH FY2024: $746MLH FY2025: $876.5MFY18FY19FY20FY21FY23FY24FY25
CAI -$68.1MLH $876.5M
Net margin
CAI FY2023: -111.5%CAI FY2025: -68.4%CAI FY2025: -8.4%LH FY2018: 7.8%LH FY2019: 7.1%LH FY2020: 11.1%LH FY2021: 18.1%LH FY2021: 10.8%LH FY2023: 3.4%LH FY2024: 5.7%LH FY2025: 6.3%FY18FY19FY20FY21FY23FY24FY25
CAI -8.4%LH 6.3%
Revenue growth
CAI FY2025: +34.7%CAI FY2025: +97.0%LH FY2019: +2.0%LH FY2020: +21.0%LH FY2021: -6.0%LH FY2021: -9.7%LH FY2023: +2.5%LH FY2024: +7.0%LH FY2025: +7.2%FY19FY20FY21FY23FY24FY25
CAI +97.0%LH +7.2%
Free cash flow
CAI FY2023: -$298.4MCAI FY2025: -$253.6MCAI FY2025: $66.9MLH FY2018: $925.6MLH FY2019: $1BLH FY2020: $1.8BLH FY2021: $2.7BLH FY2021: $1.5BLH FY2023: $874.1MLH FY2024: $1.1BLH FY2025: $1.2BFY18FY19FY20FY21FY23FY24FY25
CAI $66.9MLH $1.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Caris Life Sciences and Labcorp

Which is bigger by revenue, Caris Life Sciences or Labcorp?

Labcorp is bigger by revenue: $14B in fiscal 2025, against $812M for Caris Life Sciences in fiscal 2025.

Which keeps more of its revenue as profit, Caris Life Sciences or Labcorp?

Caris Life Sciences had a net margin of -8.4% in fiscal 2025; Labcorp had 6.3% in fiscal 2025.

Which grew revenue faster, Caris Life Sciences or Labcorp?

In their latest fiscal years revenue changed by +97.0% at Caris Life Sciences and +7.2% at Labcorp.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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