Quest Diagnostics Incorporated (DGX)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,200,000 | 3,082,000 | 3,025,000 | 3,041,000 | 3,057,000 | 3,075,000 | 3,189,000 | 3,239,000 | 3,433,000 | 3,701,000 | 3,937,000 | 4,080,000 | 4,209,000 | 4,452,000 | 4,554,000 | 4,175,000 | 3,633,000 | 3,026,000 | 2,512,000 | 2,594,000 |
| Revenue (ttm) | US$ in thousands | 9,872,000 | 9,539,000 | 9,346,000 | 9,287,000 | 9,252,000 | 9,297,000 | 9,488,000 | 9,603,000 | 9,883,000 | 10,294,000 | 10,582,000 | 10,679,000 | 10,788,000 | 11,046,000 | 11,058,000 | 10,335,000 | 9,437,000 | 8,361,000 | 7,531,000 | 7,657,000 |
| Gross profit margin | 32.41% | 32.31% | 32.37% | 32.74% | 33.04% | 33.08% | 33.61% | 33.73% | 34.74% | 35.95% | 37.20% | 38.21% | 39.02% | 40.30% | 41.18% | 40.40% | 38.50% | 36.19% | 33.36% | 33.88% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,200,000K ÷ $9,872,000K
= 32.41%
The gross profit margin of Quest Diagnostics Incorporated has shown some fluctuations over the past five years, ranging from a low of 32.31% on September 30, 2024, to a high of 41.18% on June 30, 2021. Overall, the trend has been somewhat downward, moving from the peak in June 2021 to 32.41% on December 31, 2024. The margin represents the percentage of revenue that exceeds the cost of goods sold, indicating the company's ability to generate profit after accounting for direct production costs.
The decreasing trend in the gross profit margin over the period may suggest various factors affecting the company's profitability, such as increasing costs of goods sold, pricing pressures, or changes in the revenue mix. Investors and stakeholders may want to further analyze the underlying reasons for the fluctuations in the gross profit margin to assess the company's operational efficiency and overall financial health.
Peer comparison
Dec 31, 2024