Gross Profit
XPO Gross Profit decreased by 7.5% to $998.00M in Q3 2022 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $964.00M to $998.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved manufacturing efficiency, favorable product mix, or higher pricing power, while a decrease may indicate rising raw material costs, supply chain inefficiencies, or competitive pricing pressure.
Detailed definition
Gross profit represents the residual earnings a company retains after deducting the direct costs associated with produci...
Peer comparison
Peers in the medical device and diagnostics sector typically maintain high gross margins due to intellectual property and specialized manufacturing, though these vary based on the specific product mix of nutritionals versus high-tech devices.
gross_profitHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | |
|---|---|---|---|---|---|---|
| Value | $672.00M | $964.00M | $301.00M | $1.04B | $1.08B | $998.00M |
| QoQ Change | — | +43.5% | -68.8% | +244.2% | +4.2% | -7.5% |
| YoY Change | — | — | — | — | +60.6% | +3.5% |
Gross Profit at Other Companies
Frequently Asked Questions
- What is XPO's gross profit?
- XPO (XPO) reported gross profit of $998.00M in Q3 2022.
- How has XPO's gross profit changed year-over-year?
- XPO's gross profit increased by 3.5% year-over-year, from $964.00M to $998.00M.
- What does gross profit mean?
- The total revenue earned from sales minus the direct costs required to manufacture and deliver those products.