Cigna Corp (CI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 8,536,000 | 8,450,000 | 7,935,000 | 8,153,000 | 8,077,000 |
| Revenue | US$ in thousands | 195,265,000 | 180,518,000 | 174,078,000 | 160,401,000 | 153,566,000 |
| Operating profit margin | 4.37% | 4.68% | 4.56% | 5.08% | 5.26% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $8,536,000K ÷ $195,265,000K
= 4.37%
The operating profit margin of Cigna Group (The) has shown a consistent trend of decline over the past five years. From 5.37% in 2019, the operating profit margin decreased to 5.18% in 2020, followed by further reductions to 4.56% in 2021, 4.66% in 2022, and 4.37% in 2023. This declining trend indicates that the company's operating expenses have been outpacing its operating income during this period. It may suggest that the company is facing challenges in controlling costs or generating sufficient revenue to maintain profitability. Further analysis would be needed to understand the specific factors driving this trend and to determine potential strategies for improvement.
Peer comparison
Dec 31, 2023