Operating Profit Margin
since 2005
Calculation
Cigna Group, operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Income from operations1 | ÷ | Revenues from external customers1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 3.83% | = | 100 | × | 9,417) | ÷ | 246,148) |
| Dec 31, 2023 | 4.40% | = | 100 | × | 8,536) | ÷ | 194,099) |
| Dec 31, 2022 | 4.69% | = | 100 | × | 8,414) | ÷ | 179,361) |
| Dec 31, 2021 | 4.60% | = | 100 | × | 7,935) | ÷ | 172,529) |
| Dec 31, 2020 | 5.12% | = | 100 | × | 8,153) | ÷ | 159,157) |
| Dec 31, 2019 | 5.31% | = | 100 | × | 8,077) | ÷ | 152,176) |
| Dec 31, 2018 | 8.82% | = | 100 | × | 4,160) | ÷ | 47,170) |
| Dec 31, 2017 | 9.71% | = | 100 | × | 3,942) | ÷ | 40,580) |
| Dec 31, 2016 | 0.00% | = | 100 | × | —) | ÷ | 38,352) |
| Dec 31, 2015 | 0.00% | = | 100 | × | —) | ÷ | 36,666) |
| Dec 31, 2014 | 0.00% | = | 100 | × | —) | ÷ | 33,594) |
| Dec 31, 2013 | 0.00% | = | 100 | × | —) | ÷ | 31,003) |
| Dec 31, 2012 | 0.00% | = | 100 | × | —) | ÷ | 27,931) |
| Dec 31, 2011 | 0.00% | = | 100 | × | —) | ÷ | 20,790) |
| Dec 31, 2010 | 0.00% | = | 100 | × | —) | ÷ | 20,073) |
| Dec 31, 2009 | 0.00% | = | 100 | × | —) | ÷ | 17,443) |
| Dec 31, 2008 | 0.00% | = | 100 | × | —) | ÷ | 18,208) |
| Dec 31, 2007 | 0.00% | = | 100 | × | —) | ÷ | 16,494) |
| Dec 31, 2006 | 0.00% | = | 100 | × | —) | ÷ | 15,132) |
| Dec 31, 2005 | 0.00% | = | 100 | × | —) | ÷ | 15,332) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Revenue Trends
- Revenues from external customers demonstrate a consistent upward trajectory from 2005 through 2024. Starting at approximately 15.3 billion US dollars in 2005, revenues increased steadily over the years. A notable surge occurred between 2013 and 2019, with revenues rising from around 31 billion to over 152 billion US dollars, indicating significant growth during this period. This expansion continued through 2024, reaching approximately 246 billion US dollars, reflecting strong and sustained growth in the company's top-line performance.
- Income from Operations
- Data for income from operations are available only from 2017 onwards. During this period, this metric exhibits fluctuations without a clear linear trend. Income increased from 3.9 billion US dollars in 2017 to a peak of about 8.2 billion in 2019, followed by a slight decline and stabilization around 8.4 to 8.5 billion US dollars from 2020 to 2022, with a slight increase again by 2023. This suggests some variability in operational profitability despite overall growing revenues.
- Operating Profit Margin
- The operating profit margin, available for the years 2017 to 2024, shows a declining trend over this period. Starting at 9.71% in 2017, it dropped steadily to approximately 3.83% by 2024. This indicates that despite increasing revenues and income from operations, the efficiency or profitability of core operations relative to revenue has diminished, potentially reflecting higher costs, investments, or pricing pressures.
- Overall Insights
- The company's financial performance from 2005 to 2024 highlights robust revenue growth, especially significant from 2013 onwards. However, the operating profit margin's decline suggests that growth has come with decreasing operational efficiency or increased expenses. The stability in income from operations in recent years may indicate mature operational earnings but raises questions about the ability to sustain or improve profitability margins. Further analysis of cost structure and expense management would be advisable to understand the underlying causes of margin compression.
Comparison to Competitors
Cigna Group, operating profit margin, long-term trends, comparison to competitors
| Cigna Group | Abbott Laboratories | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 3.83% | 16.27% | 28.12% | 15.89% | 8.17% |
| Dec 31, 2023 | 4.40% | 16.15% | 24.80% | 17.56% | 8.80% |
| Dec 31, 2022 | 4.69% | 19.16% | 25.35% | 18.15% | 8.83% |
| Dec 31, 2021 | 4.60% | 19.56% | 31.89% | 14.89% | 8.40% |
| Dec 31, 2020 | 5.12% | 15.48% | 24.09% | 16.57% | 8.76% |
| Dec 31, 2019 | 5.31% | 14.21% | 30.69% | 20.51% | 8.19% |
| Dec 31, 2018 | 8.82% | 11.94% | 32.21% | 22.20% | 7.71% |
| Dec 31, 2017 | 9.71% | 6.30% | 33.71% | 17.94% | 7.60% |
| Dec 31, 2016 | 0.00% | 15.27% | 34.95% | 18.35% | 7.03% |
| Dec 31, 2015 | 0.00% | 14.05% | 31.04% | 18.59% | 7.05% |
| Dec 31, 2014 | 0.00% | 12.84% | 25.56% | 22.42% | 7.92% |
| Dec 31, 2013 | 0.00% | 12.03% | 37.64% | 26.53% | 7.90% |
| Dec 31, 2012 | 0.00% | 20.28% | 40.30% | 0.00% | 8.42% |
| Dec 31, 2011 | 0.00% | 14.81% | 39.54% | 0.00% | 8.36% |
| Dec 31, 2010 | 0.00% | 17.31% | 39.29% | 0.00% | 8.41% |
| Dec 31, 2009 | 0.00% | 20.27% | 35.87% | 0.00% | 7.35% |
| Dec 31, 2008 | 0.00% | 19.28% | 35.53% | 0.00% | 6.54% |
| Dec 31, 2007 | 0.00% | 17.67% | 34.41% | 0.00% | 10.57% |
| Dec 31, 2006 | 0.00% | 9.09% | 28.81% | 0.00% | 9.88% |
| Dec 31, 2005 | 0.00% | 19.53% | 30.25% | 0.00% | 11.98% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).