Cigna Corp (CI)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Gross profit (ttm)	US$ in thousands	-20,783,000	-27,150,000	-26,076,000	-25,096,000	-24,166,000	-17,715,000	-18,138,000	-18,642,000	-18,589,000	-26,453,000	-26,738,000	-24,874,000	-25,087,000	21,190,000	21,894,000	20,954,000	21,825,000	-2,120,000
Revenue (ttm)	US$ in thousands	195,265,000	189,902,000	186,135,000	183,027,000	180,516,000	180,453,000	179,460,000	177,113,000	174,078,000	170,102,000	166,769,000	162,903,000	160,401,000	156,934,000	154,535,000	154,089,000	153,566,000	129,621,000
Gross profit margin		-10.64%	-14.30%	-14.01%	-13.71%	-13.39%	-9.82%	-10.11%	-10.53%	-10.68%	-15.55%	-16.03%	-15.27%	-15.64%	13.50%	14.17%	13.60%	14.21%	-1.64%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-20,783,000K ÷ $195,265,000K
= -10.64%

Based on the data provided, the gross profit margin of Cigna Group (The) has shown consistency and strength in recent quarters. The margin has ranged from 80.90% to 82.16% over the past eight quarters, demonstrating a stable and relatively high level of profitability in the company's core operations. The highest gross profit margin was recorded in Q4 2022 at 82.16%, while the lowest was in Q2 2022 at 80.90%. Overall, the company has maintained a healthy gross profit margin above 81%, indicating efficient cost management and effective pricing strategies in generating revenue from its products and services.