Quest Diagnostics Incorporated (DGX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,244,000 | 3,053,000 | 3,433,000 | 4,209,000 | 3,633,000 |
| Revenue | US$ in thousands | 9,872,000 | 9,252,000 | 9,883,000 | 10,788,000 | 9,437,000 |
| Gross profit margin | 32.86% | 33.00% | 34.74% | 39.02% | 38.50% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,244,000K ÷ $9,872,000K
= 32.86%
Quest Diagnostics Incorporated's gross profit margin has exhibited fluctuations over the past five years. Starting at 38.50% in December 2020 and gradually increasing to 39.02% by December 2021, the margin seemed to be improving. However, there was a significant decline in the following years, dropping to 34.74% by December 2022, further decreasing to 33.00% by December 2023, and then to 32.86% by December 2024. This downward trend suggests potential challenges in maintaining profitability and controlling costs, which may require further investigation and strategic management actions to address.
Peer comparison
Dec 31, 2024