CVS Health Corp (CVS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 8,344,000 | 4,311,000 | 7,910,000 | 7,179,000 | 6,634,000 |
| Revenue | US$ in thousands | 357,776,000 | 322,467,000 | 292,111,000 | 268,706,000 | 256,776,000 |
| Net profit margin | 2.33% | 1.34% | 2.71% | 2.67% | 2.58% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $8,344,000K ÷ $357,776,000K
= 2.33%
The net profit margin of CVS Health Corp has shown fluctuating trends over the past five years. In 2023, the net profit margin improved to 2.33%, marking an increase from the previous year's figure of 1.29%. However, this level still fell short of the margin recorded in 2021, which stood at 2.71%. Looking further back, the net profit margin for 2020 and 2019 was relatively consistent, at 2.67% and 2.58%, respectively.
The varying net profit margins indicate fluctuations in CVS Health Corp's ability to generate profits relative to its revenues. The upward trend in 2023 could suggest improved cost management or increased revenue generation efficiency. It is important to further investigate the factors driving these changes to assess the overall financial health and performance of the company.
Peer comparison
Dec 31, 2023