The Cigna Group stock research
FY2023 Q1
The Cigna Group (CI) Gross Margin — Quarter Ended Mar 31, 2023
Revenue increased while cost of revenue decreased, leading to a higher gross profit and an improved gross margin compared to the prior quarter. Versus the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin was stable.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased while cost of revenue decreased, leading to a higher gross profit and an improved gross margin compared to the prior quarter. Versus the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin was stable.
- The gross margin improved sequentially as gross profit grew faster than revenue, driven by a reduction in cost of revenue relative to revenue. The year-over-year comparison shows gross margin was essentially unchanged despite higher revenue and cost of revenue.
- Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin was mixed—slightly higher but essentially stable.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
32.4%
Gross profit
$15.1B
Revenue
$46.5B
Cost of revenue
$31.5B
Quarter-over-quarter change
n/a
Year-over-year change
+0.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $46.5B | $15.1B | $31.5B | 32.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved sequentially as gross profit grew faster than revenue, driven by a reduction in cost of revenue relative to revenue. The year-over-year comparison shows gross margin was essentially unchanged despite higher revenue and cost of revenue.
Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin was mixed—slightly higher but essentially stable.
Monitor the trajectory of cost of revenue relative to revenue, as its movement directly influences gross margin stability.