Humana Inc (HUM)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	4,013,000	4,485,000	4,451,000	4,230,000	3,800,000	3,737,000	3,193,000	3,214,000	3,148,000	2,741,000	3,936,000	5,135,000	4,986,000	5,694,000	4,739,000	3,419,000	3,192,000	3,347,000	3,440,000	3,187,000
Revenue (ttm)	US$ in thousands	106,374,000	102,351,000	98,727,000	95,642,000	92,870,000	91,485,000	89,383,000	86,366,000	83,064,000	81,072,000	80,450,000	78,888,000	77,155,000	74,388,000	70,554,000	67,716,000	64,888,000	62,761,000	60,726,000	58,740,000
Operating profit margin		3.77%	4.38%	4.51%	4.42%	4.09%	4.08%	3.57%	3.72%	3.79%	3.38%	4.89%	6.51%	6.46%	7.65%	6.72%	5.05%	4.92%	5.33%	5.66%	5.43%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,013,000K ÷ $106,374,000K
= 3.77%

Humana Inc.'s operating profit margin has shown some fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was 3.77%, a decrease from the previous quarter's 4.38%. Despite this decrease, the margin remained relatively stable around the 4% mark throughout the past two years. The highest operating profit margin was recorded in Q2 2023 at 4.51%, while the lowest was in Q2 2022 at 3.57%.

Overall, Humana Inc.'s operating profit margin has demonstrated resilience, staying within a relatively narrow range over the analyzed period. This stability may indicate effective cost management and operational efficiency within the company. However, it is essential for investors and stakeholders to monitor future trends to ensure sustained profitability and financial health.