CH Robinson Worldwide Inc (CHRW)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,308,760	1,138,870	1,870,200	1,608,480	1,169,390
Revenue	US$ in thousands	17,725,000	17,596,400	24,696,600	23,102,100	16,207,100
Gross profit margin		7.38%	6.47%	7.57%	6.96%	7.22%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,308,760K ÷ $17,725,000K
= 7.38%

The gross profit margin of CH Robinson Worldwide Inc has fluctuated over the past five years. In December 31, 2020, the gross profit margin stood at 7.22%, showing a slight decrease to 6.96% by December 31, 2021. However, there was an increase in the gross profit margin to 7.57% by December 31, 2022. Subsequently, the margin decreased to 6.47% by December 31, 2023, followed by a rebound to 7.38% by December 31, 2024. This indicates some volatility in the company's ability to generate profit from its core business operations after accounting for the cost of goods sold. Further analysis would be needed to understand the underlying factors driving these fluctuations and to assess the overall profitability and efficiency of the company.