GXO Logistics Inc (GXO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 559,000 | 274,000 | 229,000 |
| Revenue | US$ in thousands | 9,725,000 | 8,964,000 | 7,919,000 |
| Gross profit margin | 5.75% | 3.06% | 2.89% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $559,000K ÷ $9,725,000K
= 5.75%
The gross profit margin of GXO Logistics Inc has remained consistent at 100% in each of the past four years (2020-2023). This indicates that the company is able to effectively control its cost of goods sold (COGS) relative to its revenue, resulting in a high level of profitability from its core operations. A gross profit margin of 100% suggests that the company is able to generate revenue that fully covers the direct costs associated with producing goods or services, without any additional costs eating into its profits. This consistent performance in maintaining a gross profit margin of 100% reflects strong operational efficiency and cost management practices within GXO Logistics Inc.
Peer comparison
Dec 31, 2023