Net Profit Margin
since 2005
Calculation
Humana Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to Humana1 | ÷ | External revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 2.36% | = | 100 | × | 2,489) | ÷ | 105,305) |
| Dec 31, 2022 | 3.03% | = | 100 | × | 2,806) | ÷ | 92,488) |
| Dec 31, 2021 | 3.54% | = | 100 | × | 2,933) | ÷ | 82,877) |
| Dec 31, 2020 | 4.43% | = | 100 | × | 3,367) | ÷ | 76,001) |
| Dec 31, 2019 | 4.20% | = | 100 | × | 2,707) | ÷ | 64,387) |
| Dec 31, 2018 | 2.98% | = | 100 | × | 1,683) | ÷ | 56,398) |
| Dec 31, 2017 | 4.59% | = | 100 | × | 2,448) | ÷ | 53,362) |
| Dec 31, 2016 | 1.14% | = | 100 | × | 614) | ÷ | 53,990) |
| Dec 31, 2015 | 2.37% | = | 100 | × | 1,276) | ÷ | 53,815) |
| Dec 31, 2014 | 2.38% | = | 100 | × | 1,147) | ÷ | 48,123) |
| Dec 31, 2013 | 3.01% | = | 100 | × | 1,231) | ÷ | 40,938) |
| Dec 31, 2012 | 3.15% | = | 100 | × | 1,222) | ÷ | 38,735) |
| Dec 31, 2011 | 3.89% | = | 100 | × | 1,419) | ÷ | 36,466) |
| Dec 31, 2010 | 3.28% | = | 100 | × | 1,099) | ÷ | 33,539) |
| Dec 31, 2009 | 3.39% | = | 100 | × | 1,040) | ÷ | 30,664) |
| Dec 31, 2008 | 2.25% | = | 100 | × | 647) | ÷ | 28,726) |
| Dec 31, 2007 | 3.34% | = | 100 | × | 834) | ÷ | 24,976) |
| Dec 31, 2006 | 2.31% | = | 100 | × | 487) | ÷ | 21,125) |
| Dec 31, 2005 | 2.16% | = | 100 | × | 308) | ÷ | 14,275) |
Based on: 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
- Net income attributable to Humana
- The net income shows a general upward trend from 2005 to 2023. It started at 308 million US dollars in 2005 and increased significantly with some fluctuations, reaching 2489 million US dollars in 2023. Notably, there was a peak in 2017 at 2448 million, followed by a decline in 2018 to 1683 million. The highest recorded net income occurred in 2020 with 3367 million US dollars, after which it experienced a gradual decrease through to 2023.
- External revenues
- External revenues have shown consistent growth over the period from 2005 through 2023. Starting at 14,275 million US dollars in 2005, revenues increased steadily almost every year, culminating at 105,305 million US dollars in 2023. The growth is relatively uninterrupted, indicating robust revenue expansion and possibly effective business development and market penetration strategies.
- Net profit margin
- The net profit margin exhibits notable variability throughout the years but tends to move within a moderate range. It started at 2.16% in 2005 and peaked at 4.59% in 2017. There are periods of decline, such as a drop to 1.14% in 2016 and a downward trend from 2017 onwards, falling to 2.36% by 2023. Despite revenue growth, the profit margin's fluctuations suggest variability in cost management or pricing pressures affecting overall profitability.
- Overall observations
- While external revenues have consistently increased, the net income and net profit margin have shown more volatility. The growing revenue base alongside fluctuating profitability margins could indicate changes in operational efficiency, investment impacts, or market conditions affecting profit realization. The peak net income years tend to align with higher profit margin percentages, evidencing periods of improved operational performance. However, the recent downward trend in profit margin despite rising revenues suggests the need for closer examination of cost controls and market challenges.
Comparison to Competitors
Humana Inc., net profit margin, long-term trends, comparison to competitors
| Humana Inc. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2023 | 2.36% | 14.27% | 3.52% | 25.24% | 12.03% | 6.09% |
| Dec 31, 2022 | 3.03% | 15.88% | 3.87% | 21.25% | 15.90% | 6.25% |
| Dec 31, 2021 | 3.54% | 16.42% | 4.46% | 29.85% | 11.97% | 6.06% |
| Dec 31, 2020 | 4.43% | 12.99% | 3.78% | 24.33% | 16.56% | 6.03% |
| Dec 31, 2019 | 4.20% | 11.56% | 4.66% | 30.80% | 15.16% | 5.76% |
| Dec 31, 2018 | 2.98% | 7.74% | 4.11% | 30.29% | 10.36% | 5.33% |
| Dec 31, 2017 | 4.59% | 1.74% | 4.31% | 21.09% | 13.56% | 5.28% |
| Dec 31, 2016 | 1.14% | 6.71% | 2.93% | 27.21% | 12.27% | 3.81% |
| Dec 31, 2015 | 2.37% | 21.68% | 3.27% | 24.69% | 13.20% | 3.72% |
| Dec 31, 2014 | 2.38% | 11.28% | 3.52% | 19.65% | 18.02% | 4.33% |
| Dec 31, 2013 | 3.01% | 11.79% | 3.55% | 29.62% | 20.90% | 4.62% |
| Dec 31, 2012 | 3.15% | 14.95% | 4.37% | 30.14% | 22.35% | 5.03% |
| Dec 31, 2011 | 3.89% | 12.17% | 4.42% | 28.17% | 19.43% | 5.08% |
| Dec 31, 2010 | 3.28% | 13.15% | 4.99% | 27.02% | 19.59% | 4.95% |
| Dec 31, 2009 | 3.39% | 18.68% | 7.80% | 22.11% | 14.86% | 4.42% |
| Dec 31, 2008 | 2.25% | 16.53% | 4.04% | 23.35% | 16.51% | 3.70% |
| Dec 31, 2007 | 3.34% | 13.92% | 5.56% | 24.06% | 22.78% | 6.26% |
| Dec 31, 2006 | 2.31% | 7.64% | 5.52% | 19.33% | 22.55% | 5.89% |
| Dec 31, 2005 | 2.16% | 15.10% | 5.53% | 41.41% | 17.94% | 7.36% |
Based on: 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).
Comparison to Sector (Health Care Equipment & Services)
Humana Inc., net profit margin, long-term trends, comparison to sector (health care equipment & services)
| Humana Inc. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2023 | 2.36% | 6.43% |
| Dec 31, 2022 | 3.03% | 7.05% |
| Dec 31, 2021 | 3.54% | 7.14% |
| Dec 31, 2020 | 4.43% | 6.82% |
| Dec 31, 2019 | 4.20% | 6.91% |
| Dec 31, 2018 | 2.98% | 5.87% |
| Dec 31, 2017 | 4.59% | 5.60% |
| Dec 31, 2016 | 1.14% | 4.73% |
| Dec 31, 2015 | 2.37% | 5.78% |
| Dec 31, 2014 | 2.38% | 5.76% |
| Dec 31, 2013 | 3.01% | 6.37% |
| Dec 31, 2012 | 3.15% | 8.05% |
| Dec 31, 2011 | 3.89% | 7.40% |
| Dec 31, 2010 | 3.28% | 7.67% |
| Dec 31, 2009 | 3.39% | 8.63% |
| Dec 31, 2008 | 2.25% | 6.88% |
| Dec 31, 2007 | 3.34% | 8.40% |
| Dec 31, 2006 | 2.31% | 7.20% |
| Dec 31, 2005 | 2.16% | 9.04% |
Based on: 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).
Comparison to Industry (Health Care)
Humana Inc., net profit margin, long-term trends, comparison to industry (health care)
| Humana Inc. | Health Care | |
|---|---|---|
| Dec 31, 2023 | 2.36% | 11.49% |
| Dec 31, 2022 | 3.03% | 14.65% |
| Dec 31, 2021 | 3.54% | 15.24% |
| Dec 31, 2020 | 4.43% | 10.27% |
| Dec 31, 2019 | 4.20% | 14.56% |
| Dec 31, 2018 | 2.98% | 12.61% |
| Dec 31, 2017 | 4.59% | 9.26% |
| Dec 31, 2016 | 1.14% | 12.80% |
| Dec 31, 2015 | 2.37% | 13.94% |
| Dec 31, 2014 | 2.38% | 14.40% |
| Dec 31, 2013 | 3.01% | 15.04% |
| Dec 31, 2012 | 3.15% | 13.92% |
| Dec 31, 2011 | 3.89% | 12.06% |
| Dec 31, 2010 | 3.28% | 11.90% |
| Dec 31, 2009 | 3.39% | 17.77% |
| Dec 31, 2008 | 2.25% | 13.00% |
| Dec 31, 2007 | 3.34% | 12.52% |
| Dec 31, 2006 | 2.31% | 15.30% |
| Dec 31, 2005 | 2.16% | 14.61% |
Based on: 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).