XPO Logistics Inc (XPO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,013,000 | 3,859,000 | 1,573,000 | 2,026,000 | 5,385,000 |
| Revenue | US$ in thousands | 8,112,000 | 7,744,000 | 7,718,000 | 7,202,000 | 6,168,000 |
| Gross profit margin | 49.47% | 49.83% | 20.38% | 28.13% | 87.31% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,013,000K ÷ $8,112,000K
= 49.47%
The gross profit margin of XPO Logistics Inc has shown a significant decline from 87.31% as of December 31, 2020, to 28.13% as of December 31, 2021, followed by a further drop to 20.38% as of December 31, 2022. This substantial reduction indicates a lower percentage of revenue retained after accounting for the cost of goods sold. However, there was an improvement in the gross profit margin for the subsequent years, reaching 49.83% as of December 31, 2023, and 49.47% as of December 31, 2024. This positive trend suggests that the company may have implemented strategies to enhance operational efficiency, pricing strategies, or cost control measures to increase its profitability.
Peer comparison
Dec 31, 2024