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Teladoc Health Gross Margin %

: 69.20% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. Teladoc Health's Gross Profit for the three months ended in Jun. 2022 was $410 Mil. Teladoc Health's Revenue for the three months ended in Jun. 2022 was $592 Mil. Therefore, Teladoc Health's Gross Margin % for the quarter that ended in Jun. 2022 was 69.20%.

Warning Sign:

Teladoc Health Inc gross margin has been in long-term decline. The average rate of decline per year is -2.5%.


The historical rank and industry rank for Teladoc Health's Gross Margin % or its related term are showing as below:

TDOC' s Gross Margin % Range Over the Past 10 Years
Min: 64.27   Med: 72.81   Max: 78.97
Current: 68.06


During the past 9 years, the highest Gross Margin % of Teladoc Health was 78.97%. The lowest was 64.27%. And the median was 72.81%.

TDOC's Gross Margin % is ranked better than
74.67% of 604 companies
in the Healthcare Providers & Services industry
Industry Median: 42.82 vs TDOC: 68.06

Teladoc Health had a gross margin of 69.20% for the quarter that ended in Jun. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Teladoc Health was -2.50% per year.


Teladoc Health Gross Margin % Historical Data

The historical data trend for Teladoc Health's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Teladoc Health Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.58 69.20 66.66 64.27 68.01

Teladoc Health Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 68.15 67.60 68.43 66.92 69.20

Competitive Comparison

For the Health Information Services subindustry, Teladoc Health's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Teladoc Health Gross Margin % Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Teladoc Health's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Teladoc Health's Gross Margin % falls into.



Teladoc Health Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Teladoc Health's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=1382.4 / 2032.707
=(Revenue - Cost of Goods Sold) / Revenue
=(2032.707 - 650.258) / 2032.707
=68.01 %

Teladoc Health's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=409.9 / 592.379
=(Revenue - Cost of Goods Sold) / Revenue
=(592.379 - 182.47) / 592.379
=69.20 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Teladoc Health  (NYSE:TDOC) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Teladoc Health had a gross margin of 69.20% for the quarter that ended in Jun. 2022 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Teladoc Health Gross Margin % Related Terms

Thank you for viewing the detailed overview of Teladoc Health's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Teladoc Health Business Description

Teladoc Health logo
Traded in Other Exchanges
Address
2 Manhattanville Road, Suite 203, Purchase, NY, USA, 10577
Teladoc Health is a virtual health provider with a telehealth platform delivering 24-hour, on-demand healthcare via mobile devices, the Internet, video, and phone. It also offers remote patient monitoring programs for chronic care management. Its platform connects members with a network of physicians and behavioral health professionals. Most of the company's revenue is generated from access fees on a subscription basis (per member, per month). The balance comes from visit fees and equipment rental and sales to hospital systems. Since inception, Teladoc has primarily partnered with employers, health plans, and health systems to offer network access to their members; it has also started to market directly to consumers while expanding its service portfolio.
Executives
Raman-tangella Vidya officer: Chief Medical Officer 2 MANHATTANVILLE ROAD SUITE 203 PURCHASE NY 10577
Jensen Claus Torp officer: Chief Innovation Officer 2 MANHATTANVILLE ROAD SUITE 203 PURCHASE NY 10577
Napolitano Richard J officer: Chief Accounting Officer MSCI INC., 7 WORLD TRADE CENTER 250 GREENWICH STREET, 49TH FLOOR NEW YORK NY 10007
Daniel Karen L director 2801 80TH STREET KENOSHA WI 53141
Wang Yulun officer: Head of Research & Development 130 B CREMONA DR GOLETA CA 93117
Tullman Glen director C/O LIVONGO HEALTH, INC. 150 WEST EVELYN AVENUE, SUITE 150 MOUNTAIN VIEW CA 94041
Bischoff Christopher director C/O TELADOC HEALTH, INC. 2 MANHATTANVILLE ROAD, SUITE 203 PURCHASE NY 10577
Fenwick Sandra L director C/O TELADOC HEALTH, INC. 2 MANHATTANVILLE ROAD, SUITE 203 PURCHASE NY 10577
Taneja Hemant director 14120 MIRANDA ROAD LOS ALTOS HILLS CA 94022
Geshuri Arnnon officer: Chief Human Resources Officer 2 MANHATTANVILLE ROAD SUITE 203 PURCHASE NY 10577
Trencher Daniel officer: SVP Corporate Strategy 2 MANHATTANVILLE ROAD SUITE 203 PURCHASE NY 10577
Caridi Christopher officer: Chief Accounting Officer C/O 111 RIVER STREET HOBOKEN NJ 07030
Jacobson Catherine director C/O TELADOC, INC. 2 MANHATTANVILLE ROAD, SUITE 203 PURCHASE NY 10577
Sides David William officer: Chief Operating Officer 3525 PIEDMONT RD., NE BUILDING 6, SUITE 700 ATLANTA GA 30305
Murthy Mala officer: Chief Financial Officer C/O TELADOC HEALTH, INC. 2 MANHATTANVILLE ROAD, SUITE 203 PURCHASE NY 10577

Teladoc Health Headlines

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