Cigna Corp (CI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 247,121,000 | 158,978,000 | 148,436,000 | 140,710,000 | 127,867,000 |
| Revenue | US$ in thousands | 244,384,000 | 195,187,000 | 180,031,000 | 174,267,000 | 160,550,000 |
| Gross profit margin | 101.12% | 81.45% | 82.45% | 80.74% | 79.64% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $247,121,000K ÷ $244,384,000K
= 101.12%
The gross profit margin of Cigna Corp has shown a generally positive trend over the past five years. Starting at 79.64% on December 31, 2020, the margin increased steadily to 80.74% by December 31, 2021, and further to 82.45% by December 31, 2022. However, there was a slight decrease in the margin to 81.45% by December 31, 2023. The most significant change occurred on December 31, 2024, where the gross profit margin significantly spiked to 101.12%.
This spike in the gross profit margin on December 31, 2024, could be due to various factors such as increased revenues, higher pricing power, improved cost management, or changes in the revenue mix that favor high-margin products or services. It is essential for Cigna Corp to further analyze the reasons behind this drastic increase to ensure it is sustainable and not driven by one-time events. Overall, the trend in the gross profit margin indicates improving profitability and efficiency in Cigna Corp's operations over the years.
Peer comparison
Dec 31, 2024