Landstar System Inc (LSTR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,430,870 | 4,919,130 | 7,032,000 | 6,161,220 | 3,829,140 |
| Revenue | US$ in thousands | 4,819,240 | 5,303,320 | 7,436,560 | 6,537,570 | 4,132,980 |
| Gross profit margin | 91.94% | 92.76% | 94.56% | 94.24% | 92.65% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,430,870K ÷ $4,819,240K
= 91.94%
Landstar System Inc's gross profit margin has shown a generally positive trend over the last five years, increasing from 92.65% in December 2020 to a peak of 94.56% in December 2022. However, there was a slight decrease to 91.94% by December 2024. This indicates that the company has been effectively managing its cost of goods sold relative to its revenue during this period, resulting in a high percentage of revenue retained as gross profit. The decrease in the most recent year may warrant further investigation to understand the factors influencing the margin shift. Overall, Landstar System Inc has maintained a strong gross profit margin, reflecting efficient operations in generating profits from its core business activities.
Peer comparison
Dec 31, 2024