Molina Healthcare Inc (MOH)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,091,000 | 792,000 | 659,000 | 673,000 | 737,000 |
| Revenue | US$ in thousands | 34,072,000 | 31,974,000 | 27,771,000 | 19,423,000 | 16,829,000 |
| Net profit margin | 3.20% | 2.48% | 2.37% | 3.46% | 4.38% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,091,000K ÷ $34,072,000K
= 3.20%
The net profit margin of Molina Healthcare Inc has exhibited some fluctuation over the past five years. In 2023, the net profit margin was 3.20%, up from 2.48% in 2022 but lower than the figures reported in 2020 and 2019. This indicates that in 2023, the company generated 3.20 cents of profit for every dollar of revenue earned, which is a moderate improvement compared to the previous year. The trends suggest that although Molina Healthcare Inc has experienced some variability in profitability, it has managed to maintain a reasonable level of net profit margin over the years. Further analysis of the company's financial statements and industry benchmarks could provide additional insights into the factors driving these fluctuations.
Peer comparison
Dec 31, 2023