CSX Corporation (CSX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,238,000 | 9,772,000 | 8,642,000 | 6,912,000 | 7,590,000 |
| Revenue | US$ in thousands | 13,882,000 | 14,396,000 | 12,254,000 | 9,881,000 | 11,304,000 |
| Gross profit margin | 66.55% | 67.88% | 70.52% | 69.95% | 67.14% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,238,000K ÷ $13,882,000K
= 66.55%
Based on the provided data, CSX Corp. has maintained a consistent gross profit margin of 100.00% for the past five years. The gross profit margin is a key financial metric that measures the profitability of a company's core operations by expressing gross profit as a percentage of revenue. A gross profit margin of 100.00% indicates that the company is able to generate revenue while covering all the costs associated with producing or delivering its goods or services, resulting in no direct cost of goods sold being deducted from revenue. This high and consistent gross profit margin suggests that CSX Corp. has been effectively managing its production costs and pricing strategies, potentially indicating operational efficiency and pricing power in its industry. However, further analysis of the company's operating expenses, net profit margin, and overall financial performance would provide a more comprehensive understanding of CSX Corp.'s profitability and operational effectiveness.
Peer comparison
Dec 31, 2023