• Labcorp average net profit margin for 2023 was 6.47%, a 56.92% decline from 2022.
• Labcorp average net profit margin for 2022 was 15.02%, a 13.68% decline from 2021.
• Labcorp average net profit margin for 2021 was 17.4%, a 191.95% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.