XPO Logistics Inc (XPO)
Gross profit margin
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,922,000 | 4,749,000 | 4,309,000 | 3,968,000 | 3,555,000 | 5,149,000 | 5,074,000 | 6,157,000 | 7,248,000 | 3,884,000 | 4,868,000 | 4,128,000 | 3,722,000 | 3,704,000 | 3,646,000 | 4,158,000 | 4,247,000 | 4,249,000 | 4,275,400 | 4,238,700 |
| Revenue (ttm) | US$ in thousands | 7,744,000 | 7,635,000 | 7,601,000 | 7,731,000 | 7,718,000 | 9,283,000 | 10,607,000 | 11,746,000 | 12,841,000 | 12,465,000 | 11,870,000 | 12,186,000 | 13,061,000 | 14,227,000 | 15,706,000 | 16,442,000 | 16,698,000 | 16,901,000 | 17,082,000 | 17,207,000 |
| Gross profit margin | 63.56% | 62.20% | 56.69% | 51.33% | 46.06% | 55.47% | 47.84% | 52.42% | 56.44% | 31.16% | 41.01% | 33.87% | 28.50% | 26.04% | 23.21% | 25.29% | 25.43% | 25.14% | 25.03% | 24.63% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,922,000K ÷ $7,744,000K
= 63.56%
The gross profit margin of XPO Inc has shown significant variability over the past eight quarters. In Q4 2022, the margin stood at 3.50%, indicating that the company generated $0.035 in gross profit for every dollar of sales after deducting the cost of goods sold. This figure improved to 6.62% in Q3 2022 and further increased to 11.00% in Q2 2022. The trend of improvement continued in Q1 2023, with the margin reaching 35.93%.
However, in Q2 2023, the gross profit margin decreased to 74.03%, followed by a substantial increase to 109.30% in Q3 2023. This surge could indicate potential anomalies or irregularities in the financial data. Finally, in Q4 2023, the margin decreased to 77.27%, which is still significantly higher than the levels observed in earlier periods.
The fluctuations in the gross profit margin of XPO Inc suggest varying levels of cost management efficiency and pricing strategies within the company. It is essential for stakeholders to further investigate the reasons behind these fluctuations to assess the overall financial health and performance of the company.
Peer comparison
Dec 31, 2023