Humana Inc (HUM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,013,000 | 3,800,000 | 3,148,000 | 4,986,000 | 3,192,000 |
| Revenue | US$ in thousands | 106,374,000 | 92,870,000 | 83,064,000 | 77,155,000 | 64,888,000 |
| Operating profit margin | 3.77% | 4.09% | 3.79% | 6.46% | 4.92% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,013,000K ÷ $106,374,000K
= 3.77%
The operating profit margin for Humana Inc. has shown some fluctuations over the past five years. In 2023, the operating profit margin decreased to 3.77% from 4.09% in 2022, indicating a slight decline in the company's operating efficiency. However, when comparing the 2023 margin to the margins in 2021, 2020, and 2019, it is lower than in 2020 but higher than in 2021 and 2019. This suggests that Humana's operational profitability in 2023 was lower than in 2020 but relatively stable compared to the two previous years. The fluctuations in the operating profit margin may be influenced by various factors such as changes in revenues, expenses, and business strategies.
Peer comparison
Dec 31, 2023