GXO Logistics Inc (GXO)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net income	US$ in thousands	229,000	197,000	153,000
Revenue	US$ in thousands	9,725,000	8,964,000	7,919,000
Net profit margin		2.35%	2.20%	1.93%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $229,000K ÷ $9,725,000K
= 2.35%

The net profit margin of GXO Logistics Inc has shown a consistent improvement over the past four years. It increased from -0.23% in December 2020 to 2.34% in December 2023. This positive trend indicates that the company has been able to effectively control its expenses and generate higher profits relative to its total revenue. Overall, the upward trajectory of GXO Logistics Inc's net profit margin demonstrates the company's improving profitability and operational efficiency over the analyzed period.