LH vs. LHX
Compare and contrast key facts about Laboratory Corporation of America Holdings (LH) and L3Harris Technologies, Inc. (LHX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LH or LHX.
Correlation
The correlation between LH and LHX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LH vs. LHX - Performance Comparison
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Key characteristics
LH:
0.87
LHX:
0.09
LH:
1.58
LHX:
0.39
LH:
1.19
LHX:
1.05
LH:
0.88
LHX:
0.14
LH:
3.97
LHX:
0.29
LH:
5.91%
LHX:
12.73%
LH:
24.11%
LHX:
21.65%
LH:
-96.05%
LHX:
-65.58%
LH:
-5.48%
LHX:
-16.12%
Fundamentals
LH:
$20.57B
LHX:
$41.01B
LH:
$8.68
LHX:
$8.44
LH:
28.31
LHX:
25.99
LH:
0.94
LHX:
0.32
LH:
1.56
LHX:
1.93
LH:
2.51
LHX:
2.13
LH:
$13.18B
LHX:
$21.25B
LH:
$3.61B
LHX:
$5.33B
LH:
$1.80B
LHX:
$3.74B
Returns By Period
In the year-to-date period, LH achieves a 7.46% return, which is significantly higher than LHX's 4.90% return. Over the past 10 years, LH has underperformed LHX with an annualized return of 9.83%, while LHX has yielded a comparatively higher 13.25% annualized return.
LH
7.46%
12.41%
1.97%
19.83%
11.99%
9.83%
LHX
4.90%
2.75%
-14.95%
1.95%
6.27%
13.25%
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Risk-Adjusted Performance
LH vs. LHX — Risk-Adjusted Performance Rank
LH
LHX
LH vs. LHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Laboratory Corporation of America Holdings (LH) and L3Harris Technologies, Inc. (LHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
LH vs. LHX - Dividend Comparison
LH's dividend yield for the trailing twelve months is around 1.17%, less than LHX's 2.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LH Laboratory Corporation of America Holdings | 1.17% | 1.26% | 1.18% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LHX L3Harris Technologies, Inc. | 2.13% | 2.21% | 2.17% | 2.15% | 1.91% | 1.80% | 1.45% | 1.86% | 1.55% | 2.01% | 2.23% | 2.48% |
Drawdowns
LH vs. LHX - Drawdown Comparison
The maximum LH drawdown since its inception was -96.05%, which is greater than LHX's maximum drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for LH and LHX. For additional features, visit the drawdowns tool.
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Volatility
LH vs. LHX - Volatility Comparison
Laboratory Corporation of America Holdings (LH) has a higher volatility of 10.49% compared to L3Harris Technologies, Inc. (LHX) at 5.28%. This indicates that LH's price experiences larger fluctuations and is considered to be riskier than LHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
LH vs. LHX - Financials Comparison
This section allows you to compare key financial metrics between Laboratory Corporation of America Holdings and L3Harris Technologies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
LH vs. LHX - Profitability Comparison
LH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Laboratory Corporation of America Holdings reported a gross profit of 948.00M and revenue of 3.35B. Therefore, the gross margin over that period was 28.3%.
LHX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, L3Harris Technologies, Inc. reported a gross profit of 1.35B and revenue of 5.13B. Therefore, the gross margin over that period was 26.3%.
LH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Laboratory Corporation of America Holdings reported an operating income of 326.00M and revenue of 3.35B, resulting in an operating margin of 9.8%.
LHX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, L3Harris Technologies, Inc. reported an operating income of 525.00M and revenue of 5.13B, resulting in an operating margin of 10.2%.
LH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Laboratory Corporation of America Holdings reported a net income of 212.80M and revenue of 3.35B, resulting in a net margin of 6.4%.
LHX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, L3Harris Technologies, Inc. reported a net income of 386.00M and revenue of 5.13B, resulting in a net margin of 7.5%.