Schneider National Inc (SNDR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,027,800 | 4,087,300 | 3,611,000 | 2,740,900 | 1,230,300 |
| Revenue | US$ in thousands | 5,498,900 | 6,604,400 | 5,608,700 | 4,552,800 | 4,747,000 |
| Gross profit margin | 55.06% | 61.89% | 64.38% | 60.20% | 25.92% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,027,800K ÷ $5,498,900K
= 55.06%
Schneider National Inc's gross profit margin has displayed some fluctuation over the past five years. In 2019, the gross profit margin was relatively low at 25.92%, indicating that the company's cost of goods sold was relatively high compared to its revenue. However, there has been a notable improvement in subsequent years with the gross profit margin increasing to 60.20% in 2020, 64.38% in 2021, and then declining slightly to 61.89% in 2022.
In 2023, the gross profit margin further decreased to 55.06%. This decline may be attributed to various factors such as changes in pricing strategies, fluctuations in input costs, or shifts in the sales mix. Overall, a higher gross profit margin indicates that Schneider National Inc is able to generate more profit per dollar of revenue after accounting for the cost of goods sold. Further analysis would be required to assess the impact of this trend on the company's overall financial performance and competitive position in the industry.
Peer comparison
Dec 31, 2023