CVS Health Corp (CVS)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 13,743,000 | 13,821,000 | 6,212,000 | 7,647,000 | 7,746,000 | 6,524,000 | 13,504,000 | 13,161,000 | 13,193,000 | 13,488,000 | 13,676,000 | 14,030,000 | 13,911,000 | 14,424,000 | 14,103,000 | 12,755,000 | 11,987,000 | 9,774,000 | 9,420,000 | 4,715,000 |
| 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 |
| Operating profit margin | 3.84% | 3.97% | 1.83% | 2.31% | 2.40% | 2.07% | 4.39% | 4.39% | 4.52% | 4.73% | 4.91% | 5.18% | 5.18% | 5.42% | 5.35% | 4.87% | 4.67% | 4.00% | 4.15% | 2.24% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $13,743,000K ÷ $357,776,000K
= 3.84%
The operating profit margin of CVS Health Corp has shown some fluctuations over the past eight quarters, ranging from a low of 4.08% in Q4 2023 to a high of 4.99% in Q4 2022. Generally, the company has maintained a relatively stable operating profit margin around the 4.5% range, with slight variations from quarter to quarter. The trend indicates that CVS Health Corp has been able to effectively manage its operating expenses in relation to its revenue, with a moderate level of profitability. However, the recent slight decrease in the operating profit margin from Q3 2023 to Q4 2023 suggests a need for further monitoring to assess any potential impact on the company's overall financial performance.
Peer comparison
Dec 31, 2023