Norfolk Southern Corporation (NSC)
Gross profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Gross profit | US$ in thousands | 7,379,000 | 7,920,000 | 7,201,000 | 6,129,000 | 6,886,000 |
Revenue | US$ in thousands | 11,434,000 | 12,053,000 | 10,496,000 | 9,164,000 | 10,692,000 |
Gross profit margin | 64.54% | 65.71% | 68.61% | 66.88% | 64.40% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,379,000K ÷ $11,434,000K
= 64.54%
Based on the data provided for Norfolk Southern Corp.'s gross profit margin for the years 2019 to 2023, the company consistently reported a gross profit margin of 100.00% each year. This implies that Norfolk Southern Corp. was able to effectively manage its cost of goods sold relative to its revenue, resulting in a high level of profitability on its products or services. A gross profit margin of 100.00% indicates that the company was able to generate revenue that fully covered the cost of goods sold, with no additional costs cutting into its gross profit. This level of consistency in maintaining a gross profit margin of 100.00% over multiple years suggests strong cost control measures and efficient operations within the company's business model.
Peer comparison
Dec 31, 2023