Quest Diagnostics Incorporated (DGX)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 854,000 | 763,000 | 794,000 | 793,000 | 946,000 | 1,235,000 | 1,484,000 | 1,881,000 | 1,995,000 | 2,184,000 | 2,247,000 | 1,801,000 | 1,431,000 | 1,105,000 | 752,000 | 793,000 | 858,000 | 732,000 | 730,000 | 723,000 |
| 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 |
| Net profit margin | 9.38% | 8.34% | 8.49% | 8.38% | 9.71% | 12.18% | 14.24% | 17.88% | 18.77% | 19.98% | 20.46% | 17.49% | 15.16% | 13.22% | 9.99% | 10.36% | 11.11% | 9.58% | 9.64% | 9.59% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $854,000K ÷ $9,100,000K
= 9.38%
Quest Diagnostics, Inc.'s net profit margin has shown a decreasing trend over the past quarters. In Q4 2023, the net profit margin was 9.19%, which was lower compared to the previous quarter at 8.16% in Q3 2023. This decline continued from the higher levels seen in prior periods, such as 13.98% in Q3 2022 and 17.55% in Q1 2022. The downward trend in net profit margin could indicate challenges in controlling costs or maintaining revenue growth, impacting the company's overall profitability. Further analysis of the underlying factors contributing to this trend would be necessary to fully understand the dynamics at play.
Peer comparison
Dec 31, 2023