Elevance Health Inc (ELV)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 157,060,000 | 47,010,000 | 39,953,000 | 35,994,000 | 33,822,000 |
| Revenue | US$ in thousands | 176,810,000 | 171,340,000 | 156,595,000 | 138,639,000 | 121,867,000 |
| Gross profit margin | 88.83% | 27.44% | 25.51% | 25.96% | 27.75% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $157,060,000K ÷ $176,810,000K
= 88.83%
The gross profit margin of Elevance Health Inc has shown some fluctuations over the past five years. In December 2020, the gross profit margin was 27.75%, which decreased slightly to 25.96% by December 2021. The trend continued with a further decrease to 25.51% by December 2022. However, there was a notable improvement in December 2023 with the gross profit margin increasing to 27.44%. The most substantial change occurred in December 2024, where the gross profit margin surged to an exceptionally high level of 88.83%. This significant increase may be indicative of various factors such as improved pricing strategies, cost management, or changes in the product mix. Overall, Elevance Health Inc's gross profit margin performance has exhibited both volatility and notable positive developments over the analyzed period.
Peer comparison
Dec 31, 2024