XPO Logistics Inc (XPO)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 257,000 | 740,000 | 347,000 | 56,000 | 479,000 |
| Revenue | US$ in thousands | 7,744,000 | 7,718,000 | 7,202,000 | 6,168,000 | 10,681,000 |
| Pretax margin | 3.32% | 9.59% | 4.82% | 0.91% | 4.48% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $257,000K ÷ $7,744,000K
= 3.32%
The pretax margin of XPO Inc has shown variability over the past five years. In 2023, the pretax margin increased slightly to 3.36% from 3.34% in 2022, maintaining a relatively stable level of profitability. However, compared to 2019 and 2021, when the pretax margins were 3.42% and 3.20%, respectively, the company's profitability experienced fluctuations. The pretax margin was lowest in 2020 at 0.91%, indicating a significant decrease in profitability in that year. Overall, the pretax margin trend for XPO Inc shows some volatility, with the company experiencing both improvements and declines in profitability over the five-year period.
Peer comparison
Dec 31, 2023