CareCloud (CCLD) Gross Margin (2013 - 2023)
CareCloud (CCLD) posted quarterly Gross Margin of 37.64% for Q3 2023, down 185.0% year-over-year from 44.28% in Q3 2022, and down 7.03% quarter-over-quarter from 40.48% in Q2 2023.
CareCloud (CCLD) Gross Margin (2013 - 2023) Analysis & Trends
CareCloud (CCLD) has reported Gross Margin for 11 consecutive years, with 37.64% the latest figure, recorded in Q3 2023.
- In Q3 2023, Gross Margin fell 185.0% year-over-year to 37.64%; the TTM figure through Sep 2023 stood at 39.42% (up 137.0% YoY), while the FY2022 annual figure was 39.18%, up 144.0% from the prior year.
- Gross Margin retreated to 37.64% in Q3 2023 per CCLD's latest filing, from 40.48% in the prior quarter.
- Across five years, Gross Margin topped out at 41.48% in Q2 2022 and bottomed at 31.96% in Q2 2019.
- Historically, Gross Margin has averaged 38.03% across 5 years, with a median of 37.96% in 2020.
- On a YoY basis, Gross Margin climbed as much as 861 bps in 2019 and fell as far as 1813 bps in 2019.
- CareCloud's Gross Margin stood at 40.31% in 2019, then increased by 1 bps to 40.76% in 2020, then dropped by 13 bps to 35.4% in 2021, then gained by 13 bps to 39.85% in 2022, then slipped by 6 bps to 37.64% in 2023.
- Business Quant data shows CCLD's Gross Margin at 37.64% in Q3 2023, 40.48% in Q2 2023, and 39.65% in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 12.72% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 74.48% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 86.44% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 69.44% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 84.87% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 83.00% |
| 10 | CareCloud | 110.06 Mn | 96.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 37.64% |
| Jun 30, 2023 | 40.48% |
| Mar 31, 2023 | 39.65% |
| Dec 31, 2022 | 39.85% |
| Sep 30, 2022 | 39.49% |
| Jun 30, 2022 | 41.48% |
| Mar 31, 2022 | 35.85% |
| Dec 31, 2021 | 35.40% |
| Sep 30, 2021 | 37.02% |
| Jun 30, 2021 | 39.72% |
| Mar 31, 2021 | 39.33% |
| Dec 31, 2020 | 40.76% |
| Sep 30, 2020 | 37.68% |
| Jun 30, 2020 | 35.86% |
| Mar 31, 2020 | 37.96% |
| Dec 31, 2019 | 40.31% |
| Sep 30, 2019 | 37.48% |
| Jun 30, 2019 | 31.96% |
| Mar 31, 2019 | 34.70% |
| Dec 31, 2018 | 37.55% |