CareCloud (CCLD) Gross Margin (2013 - 2023)
CareCloud's (CCLD) quarterly Gross Margin came in at 37.64% in 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.
Powered by 
Analysis
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.
- 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 was 37.64% for Q3 2023 at CareCloud, down from 40.48% in the prior quarter.
- Over five years, Gross Margin peaked at 41.48% in Q2 2022 and troughed at 31.96% in Q2 2019.
- A 5-year average of 38.03% and a median of 37.96% in 2020 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 861 bps in 2019, down 1813 bps in 2019.
- Over 5 years, Gross Margin stood at 40.31% in 2019, then climbed by 1 bps to 40.76% in 2020, then decreased by 13 bps to 35.4% in 2021, then increased by 13 bps to 39.85% in 2022, then retreated by 6 bps to 37.64% in 2023.
- The last three Gross Margin figures came in at 37.64% (Q3 2023), 40.48% (Q2 2023), and 39.65% (Q1 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 75.00% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 69.44% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 84.87% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 73.67% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 78.61% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 55.07% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 62.34% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 89.52% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 65.35% |
| 10 | CareCloud | 94.76 Mn | 81.37 Mn | - | - |
Historic Data
Download Data
Historic 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% |