Molina Healthcare Inc (MOH)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,293,000 | 2,770,000 | 2,104,000 | 1,868,000 | 2,479,000 |
| Revenue | US$ in thousands | 40,650,000 | 34,072,000 | 31,974,000 | 27,771,000 | 19,423,000 |
| Gross profit margin | 8.10% | 8.13% | 6.58% | 6.73% | 12.76% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,293,000K ÷ $40,650,000K
= 8.10%
Molina Healthcare Inc's gross profit margin has exhibited fluctuations over the past five years. In December 2020, the gross profit margin stood at 12.76%, indicating that the company retained $0.1276 of each dollar of revenue after accounting for the cost of goods sold. However, by December 2021, the gross profit margin had decreased to 6.73%, suggesting that the company retained only $0.0673 of each dollar in revenue as gross profit.
Subsequently, in December 2022, Molina Healthcare Inc's gross profit margin experienced a slight decline to 6.58%. This decrease indicates that the company's ability to generate profits from its core business operations faced challenges during that period. However, there was a modest improvement in performance by December 2023, with the gross profit margin increasing to 8.13%.
Most recently, as of December 2024, Molina Healthcare Inc's gross profit margin remained relatively stable at 8.10%. Despite the fluctuations observed in the previous years, this stability could suggest potential steadiness and better control over the cost of goods sold.
Overall, Molina Healthcare Inc's gross profit margin trend indicates a mix of fluctuations and stability, highlighting the company's evolving ability to manage costs and generate profits from its revenue streams.
Peer comparison
Dec 31, 2024