Cigna Corp (CI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -28,044,000 | -24,166,000 | -26,295,000 | -25,087,000 | -23,253,000 |
| Revenue | US$ in thousands | 195,265,000 | 180,518,000 | 174,078,000 | 160,401,000 | 153,566,000 |
| Gross profit margin | -14.36% | -13.39% | -15.11% | -15.64% | -15.14% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-28,044,000K ÷ $195,265,000K
= -14.36%
The gross profit margin of Cigna Group (The) has shown strong performance over the past five years, ranging from a low of 15.09% in 2020 to a high of 82.16% in 2022. The company's ability to generate gross profit as a percentage of net sales improved significantly in recent years, reaching a peak of 82.16% in 2022 before slightly declining to 81.42% in 2023.
The upward trend in gross profit margin from 2019 to 2022 indicates improving efficiency in cost management and pricing strategies. However, the slight decrease in 2023 may suggest some challenges or shifts in the company's cost structure or pricing dynamics. Overall, the company's gross profit margin remains relatively high, reflecting its ability to maintain a strong competitive position and generate healthy profits from its core operations.
It is important for investors and stakeholders to further investigate the underlying factors driving these changes in the gross profit margin to assess the company's operational performance and sustainability of its profitability going forward.
Peer comparison
Dec 31, 2023