Mednax Inc (MD)
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 | 435,245 | 407,886 | 397,954 | 408,082 | 421,565 | 436,205 | 444,524 | 454,501 | 467,033 | 489,129 | 511,989 | 518,298 | 513,242 | 482,962 | 473,185 | 479,955 | 542,359 | 660,134 | 763,259 | 856,078 |
| Revenue (ttm) | US$ in thousands | 2,012,919 | 2,006,998 | 2,002,452 | 1,998,733 | 1,994,640 | 2,012,041 | 1,995,344 | 1,980,800 | 1,972,021 | 1,956,707 | 1,959,741 | 1,946,667 | 1,911,191 | 1,829,291 | 1,796,977 | 1,833,221 | 2,232,386 | 2,721,131 | 3,149,171 | 3,508,277 |
| Gross profit margin | 21.62% | 20.32% | 19.87% | 20.42% | 21.13% | 21.68% | 22.28% | 22.95% | 23.68% | 25.00% | 26.13% | 26.62% | 26.85% | 26.40% | 26.33% | 26.18% | 24.30% | 24.26% | 24.24% | 24.40% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $435,245K ÷ $2,012,919K
= 21.62%
Mednax Inc's gross profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The gross profit margin started at 24.40% in March 2020 and experienced slight variations, mostly within the range of 24% to 26%, until reaching its peak of 26.85% in December 2021.
However, after December 2021, there was a declining trend in the gross profit margin. The margin decreased to 20.42% by March 31, 2024. This decrease indicates that the company's cost of goods sold relative to its revenue increased during this period, impacting its profitability.
It is essential for Mednax Inc to closely monitor and analyze the factors contributing to this decline in the gross profit margin to implement strategies to improve efficiency and maintain profitability in the future.
Peer comparison
Dec 31, 2024