Molina Healthcare Inc (MOH)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,573,000 | 1,173,000 | 1,020,000 | 1,078,000 | 1,044,000 |
| Revenue | US$ in thousands | 34,072,000 | 31,974,000 | 27,771,000 | 19,423,000 | 16,829,000 |
| Operating profit margin | 4.62% | 3.67% | 3.67% | 5.55% | 6.20% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,573,000K ÷ $34,072,000K
= 4.62%
Molina Healthcare Inc's operating profit margin has fluctuated over the past five years, ranging from a high of 6.24% in 2019 to a low of 3.89% in 2021. The margin improved in 2020, reaching 5.71%, but reverted back to a lower level in the subsequent year. The latest reported figure for 2023 shows a modest increase to 4.99%. These variations indicate some level of inconsistency in the company's ability to generate profits from its core operations over the period analyzed. It would be advisable to further investigate the factors driving these fluctuations to assess the sustainability and effectiveness of Molina Healthcare Inc's operating profitability.
Peer comparison
Dec 31, 2023