CVS Health Corp (CVS)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 8,344,000 | 8,470,000 | 2,803,000 | 3,931,000 | 4,149,000 | 3,283,000 | 8,287,000 | 8,041,000 | 7,910,000 | 7,577,000 | 7,203,000 | 7,395,000 | 7,179,000 | 7,953,000 | 8,259,000 | 7,220,000 | 6,634,000 | 4,468,000 | 4,328,000 | -171,000 |
| 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 |
| Net profit margin | 2.33% | 2.44% | 0.83% | 1.19% | 1.29% | 1.04% | 2.69% | 2.68% | 2.71% | 2.66% | 2.59% | 2.73% | 2.67% | 2.99% | 3.13% | 2.76% | 2.58% | 1.83% | 1.91% | -0.08% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $8,344,000K ÷ $357,776,000K
= 2.33%
The net profit margin of CVS Health Corp has fluctuated over the past eight quarters. In the most recent quarter, Q4 2023, the net profit margin was 2.33%, slightly lower than the previous quarter's margin of 2.47%. Looking back further, there was a notable decrease in profitability in Q2 2023 with a net profit margin of 0.86%, followed by a slight improvement in Q1 2023 with a margin of 1.20%. Comparing these figures to the same quarters in the previous year, there has been some volatility, with Q4 2022 showing a margin of 1.29% and Q3 2022 at 1.00%. The highest net profit margins were seen in Q2 2022 and Q1 2022, at 2.65% and 2.67% respectively. Overall, the net profit margin of CVS Health Corp has shown fluctuations over the past eight quarters, indicating varying levels of profitability during this time period.
Peer comparison
Dec 31, 2023