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.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
GXO Logistics Inc
GXO
2.35%
Booking Holdings Inc
BKNG
20.07%
Expedia Group Inc.
EXPE
6.36%
GATX Corporation
GATX
18.37%
RXO Inc.
RXO
0.10%
Verra Mobility Corp
VRRM
55.05%
XPO Logistics Inc
XPO
2.44%