The Cigna Group stock research
FY2024 Q4
The Cigna Group (CI) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue also rose, resulting in gross margin remaining stable. Compared to the same quarter one year earlier, revenue and cost of revenue were higher, gross profit was slightly higher, and gross margin weakened.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue also rose, resulting in gross margin remaining stable. Compared to the same quarter one year earlier, revenue and cost of revenue were higher, gross profit was slightly higher, and gross margin weakened.
- The strongest observable margin driver is the stability of gross margin from the prior quarter, as the relationship among revenue, cost of revenue, and gross profit remained consistent.
- Compared to the immediately preceding quarter, gross margin was unchanged. Compared to the same quarter one year earlier, gross margin was lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
25.3%
Gross profit
$16.6B
Revenue
$65.6B
Cost of revenue
$49.0B
Quarter-over-quarter change
+0.0 pts
Year-over-year change
-5.7 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, 2024 | $57.3B | $15.8B | $41.4B | 27.6% |
| Jun 30, 2024 | $60.5B | $16.0B | $44.5B | 26.5% |
| Sep 30, 2024 | $63.7B | $16.1B | $47.6B | 25.3% |
| Dec 31, 2024 | $65.6B | $16.6B | $49.0B | 25.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+0.0 pts
Year-over-year change
Dec 31, 2023
-5.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the stability of gross margin from the prior quarter, as the relationship among revenue, cost of revenue, and gross profit remained consistent.
Compared to the immediately preceding quarter, gross margin was unchanged. Compared to the same quarter one year earlier, gross margin was lower.
Monitor the relationship between revenue growth and cost of revenue growth in future quarters, as the year-over-year weakening of gross margin suggests a shift in that balance.