CareCloud (CCLD) Gross Margin (2013 - 2023)
CareCloud's (CCLD) quarterly Gross Margin came in at 37.64% in Q3 2023, down 185.0% year-on-year from 44.28% in Q3 2022, and down 7.03% on a QoQ basis from 40.48% in Q2 2023.
CareCloud (CCLD) Gross Margin (2013 - 2023) Analysis & Trends
CareCloud (CCLD) has 11 years of Gross Margin data on file, last reported at 37.64% in Q3 2023.
- On a quarterly basis, Gross Margin fell 185.0% year-over-year to 37.64% in Q3 2023; TTM through Sep 2023 was 39.42%, a 137.0% increase from a year earlier, with the FY2022 full-year figure at 39.18%, up 144.0% from the prior year.
- Gross Margin for Q3 2023 stood at 37.64%, down from 40.48% in the prior quarter.
- Over the last five years, Gross Margin for CCLD reached as high as 41.48% in Q2 2022 and fell as low as 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.
- Year by year, Gross Margin stood at 40.31% in 2019, then gained by 1 bps to 40.76% in 2020, then fell by 13 bps to 35.4% in 2021, then climbed by 13 bps to 39.85% in 2022, then declined by 6 bps to 37.64% in 2023.
- Per Business Quant data, the three most recent Gross Margin figures were 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 | 31.97 Bn | 24.65 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 14.72 Bn | 13.82 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 8.31 Bn | 8.05 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.99 Bn | 5.68 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 5.92 Bn | 5.38 Bn | 106.18 Mn | 70.39% |
| 6 | MiniMed | 4.54 Bn | 4.24 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.48 Bn | 4.42 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.96 Bn | 3.21 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.15 Bn | 2.73 Bn | - | - |
| 10 | CareCloud | 95.77 Mn | 91.42 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% |