XPO Logistics Inc (XPO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 189,000 | 666,000 | 336,000 | 110,000 | 419,000 |
| Revenue | US$ in thousands | 7,744,000 | 7,718,000 | 7,202,000 | 6,168,000 | 10,681,000 |
| Net profit margin | 2.44% | 8.63% | 4.67% | 1.78% | 3.92% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $189,000K ÷ $7,744,000K
= 2.44%
Based on the data provided, the net profit margin of XPO Inc has fluctuated over the past five years. In Dec 31, 2023, the net profit margin was 2.44%, which is a decrease from the previous year's margin of 8.63% in Dec 31, 2022. This decline suggests a decrease in the company's profitability relative to its revenue in the most recent year.
Comparing the net profit margin to the values in Dec 31, 2021 (2.62%), Dec 31, 2020 (0.49%), and Dec 31, 2019 (2.28%), we can observe variations in profitability over time. The highest net profit margin was in Dec 31, 2022, while the lowest was in Dec 31, 2020.
These fluctuations in the net profit margin indicate that XPO Inc's profitability has not been consistent and may be subject to various internal and external factors impacting the company's financial performance. Further analysis and monitoring of the company's financial health and operational efficiency are warranted to understand the underlying reasons for the changes in net profit margin over the years.
Peer comparison
Dec 31, 2023