GXO Logistics Inc (GXO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,554,000 | 1,378,000 | 1,361,000 | 1,356,000 | 1,382,000 | 1,390,000 | 1,345,000 | 1,296,000 | 1,221,000 | 1,150,000 | 1,075,000 | 1,004,000 | 968,000 | 899,000 | 865,000 | 765,000 | 703,000 |
| Revenue (ttm) | US$ in thousands | 11,709,000 | 11,049,000 | 10,363,000 | 9,911,000 | 9,778,000 | 9,655,000 | 9,471,000 | 9,233,000 | 8,993,000 | 8,788,000 | 8,475,000 | 8,201,000 | 7,940,000 | 7,444,000 | 7,054,000 | 6,577,000 | 6,195,000 |
| Gross profit margin | 13.27% | 12.47% | 13.13% | 13.68% | 14.13% | 14.40% | 14.20% | 14.04% | 13.58% | 13.09% | 12.68% | 12.24% | 12.19% | 12.08% | 12.26% | 11.63% | 11.35% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,554,000K ÷ $11,709,000K
= 13.27%
The gross profit margin of GXO Logistics Inc has shown a generally increasing trend from December 2020 to December 2024. Starting at 11.35% in December 2020, the gross profit margin has steadily improved to reach 13.27% by December 2024. The company experienced fluctuations in the margin over the observation period, with some quarters showing slight decreases, such as in March 2023 and March 2024, but overall, an upward trajectory is evident. Notably, the gross profit margin peaked at 14.40% in September 2023.
This trend indicates that GXO Logistics Inc has been able to effectively manage its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit over time. The company's ability to enhance its gross profit margin suggests good cost control, efficient operations, and potentially competitive pricing strategies. It is essential for investors and stakeholders to continue monitoring this key performance indicator to assess the company's profitability and operational efficiency.
Peer comparison
Dec 31, 2024