Quest Diagnostics Incorporated (DGX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,262,000 | 1,130,000 | 1,180,000 | 1,220,000 | 1,428,000 | 1,829,000 | 2,089,000 | 2,234,000 | 2,381,000 | 2,640,000 | 2,706,000 | 2,456,000 | 1,971,000 | 1,539,000 | 1,134,000 | 1,158,000 | 1,231,000 | 1,088,000 | 1,079,000 | 1,077,000 |
| 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 |
| Operating profit margin | 13.87% | 12.35% | 12.62% | 12.89% | 14.65% | 18.03% | 20.04% | 21.24% | 22.40% | 24.15% | 24.64% | 23.85% | 20.89% | 18.41% | 15.06% | 15.12% | 15.93% | 14.24% | 14.25% | 14.29% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,262,000K ÷ $9,100,000K
= 13.87%
Quest Diagnostics, Inc.'s operating profit margin has displayed a fluctuating trend over the past eight quarters. The company's operating profit margin stood at 14.08% in Q4 2023, which was higher compared to the previous quarter but lower than the same period last year. The margin peaked at 20.90% in Q1 2022 and has since shown a downward trajectory, decreasing to 12.51% in Q2 2023. This suggests some variability in the company's ability to generate profits from its core operations. Further analysis into the underlying factors driving these changes would be necessary to understand the implications for the company's profitability and operational efficiency.
Peer comparison
Dec 31, 2023