Walmart has low margins, too. Still a very profitable business, because the raw ... | Hacker News

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		ceejayoz on Dec 30, 2024 \| parent \| context \| favorite \| on: Insurers rely on doctors whose judgments have been... Walmart has low margins, too. Still a very profitable business, because the raw revenue numbers are so huge. The same applies to health insurance.

Workaccount2 on Dec 30, 2024 [–]

Right, but with a low profit margin you get stagnation and monopolies.

No one is looking at absolute raw numbers, investors/owners usually only own small slices, so they care about what percentage return they get.

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