Elevance Health Inc (ELV)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,980,000 | 5,987,000 | 5,894,000 | 6,104,000 | 4,572,000 |
| Revenue | US$ in thousands | 176,810,000 | 171,340,000 | 156,595,000 | 138,639,000 | 121,867,000 |
| Net profit margin | 3.38% | 3.49% | 3.76% | 4.40% | 3.75% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $5,980,000K ÷ $176,810,000K
= 3.38%
Based on the data provided for Elevance Health Inc's net profit margin over the five-year period from 2020 to 2024, we observe fluctuations in the company's profitability.
In December 2020, the net profit margin was reported at 3.75%, which increased to 4.40% by December 2021, indicating a positive trend in profitability. However, there was a slight decline in the net profit margin to 3.76% by December 2022.
Subsequently, the net profit margin continued to decrease to 3.49% by December 2023 and further dropped to 3.38% by December 2024. These decreasing margins suggest potential challenges in maintaining profitability or controlling costs within the company.
Overall, Elevance Health Inc's net profit margin has shown variability over the years, with periods of improvement followed by declines. It is essential for the company to closely monitor its expenses and revenue generation strategies to sustain and enhance profitability in the future.
Peer comparison
Dec 31, 2024