Landstar System Inc (LSTR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,919,130 | 7,032,000 | 6,161,220 | 3,829,140 | 3,800,840 |
| Revenue | US$ in thousands | 5,303,320 | 7,436,560 | 6,537,570 | 4,132,980 | 4,084,580 |
| Gross profit margin | 92.76% | 94.56% | 94.24% | 92.65% | 93.05% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,919,130K ÷ $5,303,320K
= 92.76%
Landstar System Inc's gross profit margin has exhibited some fluctuations over the past five years. In 2023, the gross profit margin decreased to 92.76% from 94.56% in 2022, indicating a decrease in profitability. This decline is in contrast to the trend observed from 2020 to 2022, where the company experienced an improvement in gross profit margin.
Despite the recent decrease, Landstar System Inc's gross profit margin remains relatively high, hovering above 90% in the last five years. This high gross profit margin suggests that the company is effectively controlling its production costs and generating strong revenues from its core business operations.
It is important for stakeholders to monitor the trend in Landstar System Inc's gross profit margin over time to assess the company's operational efficiency and pricing strategy. Any sustained downward trend in the gross profit margin may indicate potential challenges in cost management or pricing competitiveness that could impact the company's overall profitability.
Peer comparison
Dec 31, 2023