Quest Diagnostics Incorporated (DGX)
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 | 2,901,000 | 2,931,000 | 3,052,000 | 3,103,000 | 3,295,000 | 3,549,000 | 3,780,000 | 3,921,000 | 4,049,000 | 4,338,000 | 4,478,000 | 4,137,000 | 3,633,000 | 3,026,000 | 2,512,000 | 2,594,000 | 2,689,000 | 2,631,000 | 2,606,000 | 2,594,000 |
| Revenue (ttm) | US$ in thousands | 9,100,000 | 9,153,000 | 9,351,000 | 9,467,000 | 9,745,000 | 10,142,000 | 10,425,000 | 10,520,000 | 10,628,000 | 10,932,000 | 10,982,000 | 10,297,000 | 9,437,000 | 8,361,000 | 7,531,000 | 7,657,000 | 7,726,000 | 7,639,000 | 7,572,000 | 7,538,000 |
| Gross profit margin | 31.88% | 32.02% | 32.64% | 32.78% | 33.81% | 34.99% | 36.26% | 37.27% | 38.10% | 39.68% | 40.78% | 40.18% | 38.50% | 36.19% | 33.36% | 33.88% | 34.80% | 34.44% | 34.42% | 34.41% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,901,000K ÷ $9,100,000K
= 31.88%
Quest Diagnostics, Inc.'s gross profit margin has shown a downward trend over the past eight quarters. The company's gross profit margin decreased from 38.21% in Q1 2022 to 33.00% in Q4 2023. This decline may indicate challenges in controlling the cost of goods sold relative to revenue generated. The decreasing trend in gross profit margin could also signal potential pricing pressures or inefficiencies in the company's operations. It is important for Quest Diagnostics to closely monitor and analyze its cost structure to maintain a healthy level of profitability and strategic positioning in the market.
Peer comparison
Dec 31, 2023