XPO Logistics Inc (XPO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,859,000 | 1,573,000 | 2,026,000 | 5,385,000 | 5,685,000 |
| Revenue | US$ in thousands | 7,744,000 | 7,718,000 | 7,202,000 | 6,168,000 | 10,681,000 |
| Gross profit margin | 49.83% | 20.38% | 28.13% | 87.31% | 53.23% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,859,000K ÷ $7,744,000K
= 49.83%
XPO Inc's gross profit margin has shown significant variation over the past five years. In 2023, the gross profit margin improved substantially to 77.27%, reflecting a strong ability to generate profit from sales after accounting for the cost of goods sold. This increase marks a positive trend from 2022 when the gross profit margin was 35.93%, indicating a considerable improvement in operational efficiency.
In 2021 and 2020, the gross profit margins were 30.15% and 51.69%, respectively. The significant drop in 2021 compared to 2020 suggests potential challenges in managing production costs or pricing strategies during that period. However, the rebound in 2020 indicates a recovery in profitability.
Looking back at 2019, the gross profit margin was 50.13%, slightly lower than 2020 but still in line with healthy profitability levels. Overall, XPO Inc's gross profit margin performance has been volatile, with fluctuations reflecting changes in the company's cost structures, pricing tactics, and overall operational effectiveness over the years.
Peer comparison
Dec 31, 2023