Old Dominion Freight Line Inc (ODFL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,600,120 | 2,965,590 | 2,245,770 | 1,459,090 | 1,442,010 |
| Revenue | US$ in thousands | 5,888,710 | 6,263,500 | 5,256,890 | 4,014,390 | 4,103,040 |
| Gross profit margin | 44.15% | 47.35% | 42.72% | 36.35% | 35.14% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,600,120K ÷ $5,888,710K
= 44.15%
Old Dominion Freight Line, Inc. has consistently maintained a gross profit margin of 100.00% over the past five years. This signifies that the company is effectively managing its production costs and generating significant profits from its core operations. The stability of the gross profit margin suggests strong operational efficiency and pricing power within the industry. However, it is important to further analyze the company's cost structure, pricing strategy, and overall competitive position to gain a deeper understanding of its operational performance and sustainability of profit margins.
Peer comparison
Dec 31, 2023