Xerox Corp (XRX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,626,000 | 4,981,000 | 275,000 | 5,318,000 | 5,031,000 |
| Revenue | US$ in thousands | 6,524,000 | 7,035,000 | 7,251,000 | 7,296,000 | 7,264,000 |
| Gross profit margin | 70.91% | 70.80% | 3.79% | 72.89% | 69.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,626,000K ÷ $6,524,000K
= 70.91%
Based on the provided data, Xerox Corp's gross profit margin has displayed some fluctuations over the past five years. The gross profit margin was 69.26% as of December 31, 2020, and it increased to 72.89% by December 31, 2021, indicating an improvement in the company's ability to generate revenue after deducting the cost of goods sold.
However, there was a significant decline in the gross profit margin to 3.79% as of December 31, 2022. This steep drop may suggest challenges such as cost increases or pricing pressures impacting Xerox's profitability during that period.
Subsequently, the gross profit margin recovered to 70.80% by December 31, 2023, indicating a positive trend in the company's performance in managing its production costs and maintaining healthy margins. As of December 31, 2024, the gross profit margin further improved to 70.91%, suggesting continued stability and efficiency in Xerox Corp's operations.
Overall, while the gross profit margin experienced fluctuations, particularly with a sharp decline in 2022, the subsequent recovery and consistent performance in the following years demonstrate the company's ability to adapt to challenges and sustain profitability in the long term.
Peer comparison
Dec 31, 2024