Quest Diagnostics Incorporated (DGX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 871,000 | 854,000 | 946,000 | 1,995,000 | 1,431,000 |
| Revenue | US$ in thousands | 9,872,000 | 9,252,000 | 9,883,000 | 10,788,000 | 9,437,000 |
| Net profit margin | 8.82% | 9.23% | 9.57% | 18.49% | 15.16% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $871,000K ÷ $9,872,000K
= 8.82%
The net profit margin of Quest Diagnostics Incorporated has shown fluctuations over the past five years. In December 2020, the net profit margin was reported at 15.16%, which increased to 18.49% in December 2021, indicating improved profitability. However, there was a notable decline in profitability in the following years, with the net profit margin dropping to 9.57% in December 2022, further decreasing to 9.23% in December 2023, and finally declining to 8.82% in December 2024.
These declining trends suggest that Quest Diagnostics Incorporated faced challenges in maintaining profitability in the most recent years. It is essential for the company to closely monitor its cost structure, revenue generation, and overall efficiency to address the decreasing net profit margin and strive for sustainable profitability in the future.
Peer comparison
Dec 31, 2024