JB Hunt Transport Services Inc (JBHT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,063,160 | 2,396,390 | 2,472,530 | 1,869,820 | 1,449,880 |
| Revenue | US$ in thousands | 12,087,200 | 12,829,700 | 14,814,000 | 12,168,300 | 9,636,570 |
| Gross profit margin | 17.07% | 18.68% | 16.69% | 15.37% | 15.05% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,063,160K ÷ $12,087,200K
= 17.07%
Based on the data provided for JB Hunt Transport Services Inc, the gross profit margin has shown a positive trend over the years, reflecting an improvement in the company's ability to generate revenue after deducting the cost of goods sold.
From December 31, 2020, to December 31, 2024, the gross profit margin increased from 15.05% to 17.07%. This upward trend indicates that the company has been able to effectively manage its production and distribution costs relative to its revenue.
However, it is worth noting that there was a slight decrease in the gross profit margin from December 31, 2023 (18.68%) to December 31, 2024 (17.07%). This dip may suggest potential challenges in cost control or changes in the pricing strategy that impacted profitability.
Overall, the increasing trend in the gross profit margin demonstrates JB Hunt Transport Services Inc's efficiency in managing its operating costs and maximizing profitability over the analyzed period.
Peer comparison
Dec 31, 2024