CSX Corporation (CSX)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 9,238,000 | 9,536,000 | 9,801,000 | 9,991,000 | 9,780,000 | 10,783,000 | 10,543,000 | 10,272,000 | 9,860,000 | 9,258,000 | 8,722,000 | 7,841,000 | 7,915,000 | 7,975,000 | 8,331,000 | 9,015,000 | 9,264,000 | 9,522,000 | 9,552,000 | 9,541,000 |
| Revenue (ttm) | US$ in thousands | 13,882,000 | 14,031,000 | 14,385,000 | 14,648,000 | 14,396,000 | 14,190,000 | 13,636,000 | 13,039,000 | 12,410,000 | 11,808,000 | 11,094,000 | 9,982,000 | 10,036,000 | 10,096,000 | 10,613,000 | 11,610,000 | 11,955,000 | 12,213,000 | 12,345,000 | 12,386,000 |
| Gross profit margin | 66.55% | 67.96% | 68.13% | 68.21% | 67.94% | 75.99% | 77.32% | 78.78% | 79.45% | 78.40% | 78.62% | 78.55% | 78.87% | 78.99% | 78.50% | 77.65% | 77.49% | 77.97% | 77.38% | 77.03% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,238,000K ÷ $13,882,000K
= 66.55%
CSX Corp. has consistently shown a gross profit margin of 100% across all quarters in the provided table. This indicates that the company is efficiently managing its production and distribution costs relative to its revenue generation. A consistent gross profit margin at 100% suggests that CSX Corp. is effectively pricing its products and controlling its direct costs such as materials and labor. It reflects a strong level of operational efficiency and profitability in the company's core business activities. This level of gross profit margin stability may be a positive signal for investors and stakeholders, showcasing the company's ability to consistently generate profits from its operations. However, it is important to conduct further analysis and review other financial metrics to gain a comprehensive understanding of CSX Corp.'s overall financial performance and sustainability.
Peer comparison
Dec 31, 2023