CVS Health Corp (CVS)
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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | -36,999,000 | -10,466,000 | -17,078,000 | -20,445,000 | -22,599,000 | -10,426,000 | -10,505,000 | -12,911,000 | -16,144,000 | -2,038,000 | -4,337,000 | -8,360,000 | -10,182,000 | 142,565,000 | 140,739,000 | 140,041,000 | 137,917,000 | 125,452,000 | 109,134,000 | 92,582,000 |
| Revenue (ttm) | US$ in thousands | 357,776,000 | 347,809,000 | 339,204,000 | 330,919,000 | 322,467,000 | 315,225,000 | 307,860,000 | 299,840,000 | 292,111,000 | 285,061,000 | 278,323,000 | 271,048,000 | 268,706,000 | 266,041,000 | 263,795,000 | 261,885,000 | 256,776,000 | 244,311,000 | 226,991,000 | 210,482,000 |
| Gross profit margin | -10.34% | -3.01% | -5.03% | -6.18% | -7.01% | -3.31% | -3.41% | -4.31% | -5.53% | -0.71% | -1.56% | -3.08% | -3.79% | 53.59% | 53.35% | 53.47% | 53.71% | 51.35% | 48.08% | 43.99% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-36,999,000K ÷ $357,776,000K
= -10.34%
Based on the data provided from Q1 2022 to Q4 2023, CVS Health Corp's gross profit margin has shown slight fluctuations. The gross profit margin ranged from 38.70% to 39.83% during this period, with the highest margin observed in Q1 2022 and the lowest in Q1 2023. Overall, the company has maintained a relatively stable gross profit margin, hovering around the 39% mark. This indicates that CVS Health Corp has been able to effectively manage its cost of goods sold and generate a consistent level of gross profit relative to its revenues over the analyzed quarters.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
CVS Health Corp
CVS
-10.34%
Walgreens Boots Alliance Inc
WBA
17.87%