Elevance Health Inc (ELV)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,987,000 | 5,894,000 | 6,104,000 | 4,572,000 | 4,807,000 |
| Revenue | US$ in thousands | 171,340,000 | 156,595,000 | 138,639,000 | 121,867,000 | 104,213,000 |
| Net profit margin | 3.49% | 3.76% | 4.40% | 3.75% | 4.61% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $5,987,000K ÷ $171,340,000K
= 3.49%
Elevance Health Inc's net profit margin has exhibited a downward trend over the past five years. The company's net profit margin decreased from 4.66% in 2019 to 3.52% in 2023. This indicates that, in recent years, the company has been generating less profit from its revenue. A declining net profit margin could suggest challenges in cost management, pricing strategies, or efficiency in generating profits. It would be prudent for Elevance Health Inc to closely monitor and address the factors affecting its profitability to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Elevance Health Inc
ELV
3.49%
Centene Corp
CNC
1.75%
Cigna Corp
CI
2.64%
Humana Inc
HUM
2.34%
Molina Healthcare Inc
MOH
3.20%
UnitedHealth Group Incorporated
UNH
6.02%