Elevance Health Inc (ELV)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 82,743,000 | 48,614,000 | 48,661,000 | 47,655,000 | 74,315,000 | 98,350,000 | 122,609,000 | 146,104,000 | 142,625,000 | 139,092,000 | 135,514,000 | 131,188,000 | 126,048,000 | 101,969,000 | 77,282,000 | 55,762,000 | 33,822,000 | 32,110,000 | 29,794,000 | 25,175,000 |
| Revenue (ttm) | US$ in thousands | 176,810,000 | 174,015,000 | 171,719,000 | 171,745,000 | 171,340,000 | 167,687,000 | 164,777,000 | 159,737,000 | 155,660,000 | 151,551,000 | 147,434,000 | 142,653,000 | 136,943,000 | 133,882,000 | 129,218,000 | 124,631,000 | 121,867,000 | 117,450,000 | 112,966,000 | 109,168,000 |
| Gross profit margin | 46.80% | 27.94% | 28.34% | 27.75% | 43.37% | 58.65% | 74.41% | 91.47% | 91.63% | 91.78% | 91.92% | 91.96% | 92.04% | 76.16% | 59.81% | 44.74% | 27.75% | 27.34% | 26.37% | 23.06% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $82,743,000K ÷ $176,810,000K
= 46.80%
The gross profit margin of Elevance Health Inc has displayed fluctuations over the past few years, indicating potential changes in its profitability.
The margin started at 23.06% as of March 31, 2020, gradually increased to 44.74% by March 31, 2021, and further spiked to 92.04% by December 31, 2021. This significant increase suggests improved efficiency in managing production costs relative to the sales generated.
Subsequently, the margin remained relatively stable around the high 90% range for the periods ending in March, June, and September 2022. However, a notable decline began in the following periods, with the margin dropping to 43.37% by December 31, 2023.
By March 31, 2024, the gross profit margin recovered slightly to 27.75%, which continued to increase modestly to 46.80% by December 31, 2024. This suggests some volatility in the company's ability to generate profit from its core operations during this period.
Overall, the trend in Elevance Health Inc's gross profit margin reflects a mix of improvements and challenges in managing costs and generating profits, emphasizing the importance of monitoring and analyzing performance metrics to ensure long-term sustainability and growth.
Peer comparison
Dec 31, 2024