Schneider National Inc (SNDR)

Gross profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Gross profit (ttm)	US$ in thousands	2,799,900	2,886,400	3,027,800	3,232,300	3,530,500	3,875,900	4,087,300	4,196,300	4,110,100	3,882,600	3,611,000	3,372,500	3,122,000	2,725,100	2,486,800	2,840,200	2,435,500	2,266,900	2,087,800	2,251,100
Revenue (ttm)	US$ in thousands	5,359,400	5,389,200	5,498,900	5,688,900	6,012,200	6,412,600	6,604,400	6,617,500	6,386,700	6,000,600	5,608,700	5,299,100	4,990,300	4,662,300	4,552,800	4,443,900	4,492,100	4,672,000	4,747,000	4,912,300
Gross profit margin		52.24%	53.56%	55.06%	56.82%	58.72%	60.44%	61.89%	63.41%	64.35%	64.70%	64.38%	63.64%	62.56%	58.45%	54.62%	63.91%	54.22%	48.52%	43.98%	45.83%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,799,900K ÷ $5,359,400K
= 52.24%

Schneider National Inc's gross profit margin has exhibited a general downward trend over the past few quarters, declining from 65.35% in March 2022 to 52.24% in June 2024. This indicates that the company's cost of goods sold relative to revenue has been increasing, impacting profitability. Despite fluctuations, the gross profit margin has seen significant variability, possibly due to changes in pricing strategies, cost management, or shifts in the competitive landscape. Further investigation into the company's operational efficiency and pricing structure may be warranted to understand the drivers behind the fluctuating gross profit margins.