Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $16,207 | $23,102 | $24,697 | $17,596 | $17,725 |
| Gross Profit | $673 | $1,082 | $1,267 | $515 | $669 |
| Operating Income | $673 | $1,082 | $1,267 | $515 | $669 |
| Net Income | $506 | $844 | $941 | $325 | $466 |
Over the five-year period, C.H. Robinson Worldwide, Inc. demonstrated notable fluctuations in key financial metrics. Revenue experienced a significant surge from approximately USD 16.21 billion in 2020 to USD 23.10 billion in 2021—a growth of roughly 42%—before leveling off with USD 24.70 billion in 2022. This upward trend was mirrored in gross profit and operating income, both of which climbed from around USD 673 million in 2020 to over USD 1.26 billion in 2022. However, 2023 marked a significant downturn, with revenue falling to USD 17.60 billion and gross profit declining sharply to about USD 514 million. Net income also followed similar trends, rising from USD 506 million in 2020 to about USD 940 million in 2022, only to drop to USD 325 million in 2023 before a modest recovery to USD 466 million in 2024. This pattern suggests that while the company was able to leverage favorable market conditions and operational efficiencies to drive growth until 2022, there was a pronounced year-over-year decline in 2023—exceeding a 20% drop in several metrics. Such significant swings in 2023 could be attributed to external market corrections, shifts in global supply chain dynamics, or temporary operational challenges typical in the logistics industry. Despite these setbacks, the slight recovery in 2024 indicates a potential stabilization. Overall, while the earlier period reflects robust performance and strong financial fundamentals, the recent volatility highlights the need for careful monitoring of market and operational conditions to ensure long-term sustainability in a competitive logistics environment.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.