Xerox Corp (XRX)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,558,000 | 4,527,000 | 4,593,000 | 4,660,000 | 4,981,000 | 263,000 | 352,000 | 372,000 | 255,000 | 5,133,000 | 5,192,000 | 5,256,000 | 5,317,000 | 5,270,000 | 5,225,000 | 4,940,000 | 4,877,000 | 5,388,000 | 5,771,000 |
| Revenue (ttm) | US$ in thousands | 6,457,000 | 6,579,000 | 6,656,000 | 6,783,000 | 7,029,000 | 7,162,000 | 7,264,000 | 7,275,000 | 7,228,000 | 7,131,000 | 7,170,000 | 7,234,000 | 7,299,000 | 7,375,000 | 7,384,000 | 7,080,000 | 7,189,000 | 7,720,000 | 8,175,000 |
| Gross profit margin | 70.59% | 68.81% | 69.01% | 68.70% | 70.86% | 3.67% | 4.85% | 5.11% | 3.53% | 71.98% | 72.41% | 72.66% | 72.85% | 71.46% | 70.76% | 69.77% | 67.84% | 69.79% | 70.59% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,558,000K ÷ $6,457,000K
= 70.59%
The gross profit margin for Xerox Corp has exhibited some fluctuations over the reported periods. Starting from June 30, 2020, where it stood at 70.59%, the margin declined slightly to 69.79% by September 30, 2020, and continued to decrease to 67.84% by December 31, 2020. However, there was a subsequent recovery in the margin, reaching 69.77% by March 31, 2021, and further increasing to 70.76% by June 30, 2021.
The trend of improvement continued as the gross profit margin reached 71.46% by September 30, 2021, and peaked at 72.85% by December 31, 2021. Although there was a slight drop to 72.66% by March 31, 2022, the margin remained relatively high. However, a significant decline was observed in the following quarters, with the margin dropping to 72.41% by June 30, 2022, and further to 71.98% by September 30, 2022.
The most dramatic change occurred in the subsequent periods, where the gross profit margin plummeted to 3.53% by December 31, 2022, followed by 5.11% by March 31, 2023, and 4.85% by June 30, 2023. This drastic decline may indicate potential operational or financial challenges faced by the company during this period.
However, there was a notable recovery as the gross profit margin surged to 70.86% by December 31, 2023, reflecting a significant improvement. The margin then stabilized around the range of 68-70% in the following periods, standing at 68.70% by March 31, 2024, 69.01% by June 30, 2024, and 68.81% by September 30, 2024. Finally, by December 31, 2024, the gross profit margin had returned to the level seen at the beginning of the analysis, standing at 70.59%.
Overall, the analysis of Xerox Corp's gross profit margin indicates both fluctuations and trends over the reported periods, with the company experiencing varying levels of profitability during different quarters. Investors and stakeholders may need to closely monitor these fluctuations to assess the company's financial performance and potential future prospects.
Peer comparison
Dec 31, 2024