GXO Logistics Inc (GXO)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 262,000 | 253,000 | 254,000 | 241,000 | 261,000 | 271,000 | 230,000 | 170,000 |
| Revenue (ttm) | US$ in thousands | 9,725,000 | 9,604,000 | 9,428,000 | 9,195,000 | 8,964,000 | 8,764,000 | 8,452,000 | 8,181,000 |
| Pretax margin | 2.69% | 2.63% | 2.69% | 2.62% | 2.91% | 3.09% | 2.72% | 2.08% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $262,000K ÷ $9,725,000K
= 2.69%
The pretax margin of GXO Logistics Inc has shown slight fluctuations over the past five quarters. In Q4 2022, the pretax margin was at its highest at 2.94%, but in the subsequent quarters, it decreased slightly, reaching a low of 2.64% in Q1 2023. However, there was a slight improvement in Q3 2023 compared to the previous quarter. Overall, the pretax margin has been hovering around the 2.7% range, indicating that the company is generating approximately $2.70 in pretax profit for every $100 in revenue. It suggests that GXO Logistics Inc has been able to manage its operating expenses effectively to maintain a stable level of profitability before taxes.
Peer comparison
Dec 31, 2023