• Labcorp average return on equity for 2023 was 7.54, a 55.93% decline from 2022.
• Labcorp average return on equity for 2022 was 17.11, a 38.41% decline from 2021.
• Labcorp average return on equity for 2021 was 27.78, a 177.52% decline from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.