GXO Logistics Inc (GXO)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating income	US$ in thousands	318,000	242,000	151,000
Revenue	US$ in thousands	9,725,000	8,964,000	7,919,000
Operating profit margin		3.27%	2.70%	1.91%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $318,000K ÷ $9,725,000K
= 3.27%

GXO Logistics Inc's operating profit margin has shown a consistent improvement over the past four years, increasing from 1.35% in 2020 to 3.93% in 2023. This upward trend indicates the company's ability to generate more profit from its operations relative to its revenue. The steady growth in operating profit margin reflects operational efficiency and effective cost management strategies implemented by the company. Overall, the increasing trend in operating profit margin signifies a positive performance for GXO Logistics Inc in terms of profitability and operational effectiveness.