GXO Logistics Inc (GXO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,856,000 | 1,382,000 | 1,221,000 | 968,000 | 703,000 |
| Revenue | US$ in thousands | 11,709,000 | 9,778,000 | 8,993,000 | 7,940,000 | 6,195,000 |
| Gross profit margin | 15.85% | 14.13% | 13.58% | 12.19% | 11.35% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,856,000K ÷ $11,709,000K
= 15.85%
Based on the data provided, GXO Logistics Inc has shown a steady improvement in its gross profit margin over the years. The gross profit margin has increased from 11.35% as of December 31, 2020, to 15.85% as of December 31, 2024.
This indicates that the company has been able to effectively manage its production costs and pricing strategies, resulting in higher profitability per dollar of revenue generated. A rising gross profit margin is generally a positive sign as it suggests the company is becoming more efficient in managing its production costs and earning more from each sale.
Overall, the increasing trend in GXO Logistics Inc's gross profit margin suggests improving operational efficiency and better control over cost of goods sold, which bodes well for the company's financial performance and sustainability in the long run.
Peer comparison
Dec 31, 2024