GXO Logistics Inc (GXO)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 262,000 | 261,000 | 145,000 |
| Revenue | US$ in thousands | 9,725,000 | 8,964,000 | 7,919,000 |
| Pretax margin | 2.69% | 2.91% | 1.83% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $262,000K ÷ $9,725,000K
= 2.69%
The pretax margin of GXO Logistics Inc has shown a consistent upward trend over the past four years. In 2020, the pretax margin was at a low of 0.16%, but it steadily increased to 1.93% in 2021, further improving to 2.94% in 2022, and finally reaching 2.72% in 2023. This indicates that the company has been successful in controlling its pre-tax expenses relative to its revenue, resulting in improved profitability before taxes. However, it is worth noting that there was a slight dip in the pretax margin from 2022 to 2023, suggesting potential factors affecting the company's profitability that may require further investigation. Overall, the increasing trend in pretax margin reflects positively on the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023