Quest Diagnostics Incorporated (DGX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 854,000 | 946,000 | 1,995,000 | 1,431,000 | 858,000 |
| Revenue | US$ in thousands | 9,100,000 | 9,745,000 | 10,628,000 | 9,437,000 | 7,726,000 |
| Net profit margin | 9.38% | 9.71% | 18.77% | 15.16% | 11.11% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $854,000K ÷ $9,100,000K
= 9.38%
Quest Diagnostics, Inc. has shown varying trends in its net profit margin over the past five years. In 2023, the net profit margin stood at 9.19%, a slight decrease from the previous year's 9.53%. This decline may indicate some challenges in managing costs or generating revenue efficiently.
Looking back at the data, the net profit margin was highest in 2021 at 18.43%, significantly surpassing the margins of the two preceding years. This exceptional performance could be attributed to improved operational efficiency, cost control measures, or revenue growth strategies implemented by the company.
In 2020, the net profit margin was 15.10%, showing a slight decrease from the previous year but still a strong performance overall. In 2019, the net profit margin was 11.07%, indicating a positive trend in profitability compared to the previous year.
Overall, Quest Diagnostics' net profit margin has experienced some fluctuations over the past five years, with some years showing stronger performance than others. It is essential for the company to closely monitor and analyze the factors influencing these fluctuations to sustain and improve its profitability in the future.
Peer comparison
Dec 31, 2023