CSX Corporation (CSX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,561,000 | 6,023,000 | 5,594,000 | 4,362,000 | 4,965,000 |
| Revenue | US$ in thousands | 13,882,000 | 14,396,000 | 12,254,000 | 9,881,000 | 11,304,000 |
| Operating profit margin | 40.06% | 41.84% | 45.65% | 44.15% | 43.92% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $5,561,000K ÷ $13,882,000K
= 40.06%
The operating profit margin of CSX Corp. has shown a downward trend over the past five years. In 2023, the operating profit margin decreased to 37.71% from 38.95% in 2022, continuing a decline from 41.05% in 2021, 41.22% in 2020, and 40.83% in 2019. This downward trend may indicate decreasing efficiency in generating profits from sales, which could be a cause for concern for investors and stakeholders. Further investigation into the factors affecting the company's operating profit margin, such as changes in costs, pricing strategies, or operational efficiency, would be necessary to determine the underlying reasons behind this trend.
Peer comparison
Dec 31, 2023