Molina Healthcare Inc (MOH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,770,000 | 2,104,000 | 1,868,000 | 2,479,000 | 2,303,000 |
| Revenue | US$ in thousands | 34,072,000 | 31,974,000 | 27,771,000 | 19,423,000 | 16,829,000 |
| Gross profit margin | 8.13% | 6.58% | 6.73% | 12.76% | 13.68% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,770,000K ÷ $34,072,000K
= 8.13%
The gross profit margin of Molina Healthcare Inc has shown some fluctuations over the past five years. The margin stood at 15.86% in 2023, which is a slight increase from the previous year's 15.01%. However, compared to the margins of 2021 and 2020, which were 14.64% and 18.55% respectively, the 2023 margin is in between. It is noteworthy that the margin in 2023 is lower than the margin in 2020, which was the highest in the given period. Overall, Molina Healthcare Inc has maintained gross profit margins within a relatively tight range between 14.64% and 18.55% over the last five years, suggesting a moderate level of stability in its gross profitability.
Peer comparison
Dec 31, 2023