greeksoup/ stock research

C. H. Robinson Worldwide (CHRW) FY2024 results: revenue $17.7 billion, up 0.7% on the year

C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $17.7 billion for fiscal 2024, the year ended 31 December 2024, up 0.7% on the year before. Net income was $466 million, up 43.2%, and diluted earnings per share $3.86. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.

Revenue
$17.7 billion
+0.7% on the year
FY2017FY2024
Operating margin
3.8%
2.9% a year earlier
FY2017FY2024
Net income
$466 million
+43.2% on the year
FY2017FY2024
Diluted EPS
$3.86
+41.9% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue17,72517,59624,697+0.7%
Operating income6695151,267+30.0%
Operating margin3.8%2.9%5.1%
Pre-tax income5794091,167+41.6%
Income tax11484.1226+35.0%
Effective tax rate19.6%20.5%19.4%
Net income466325941+43.2%
Net margin2.6%1.8%3.8%
Diluted EPS$3.86$2.72$7.40+41.9%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow5097321,650-30.4%
Capital expenditure22.730.061.9-24.5%
Free cash flow4867021,588-30.7%
Free cash flow margin2.7%4.0%6.4%
Cash from investing-74.3-82.8-64.9
Cash from financing-416-718-1,620
Depreciation and amortisation97.299.092.8-1.8%
Share-based compensation84.658.290.7+45.4%
Buybacks0.063.91,460
Dividends paid295292285+1.1%
Dividend per share$2.46$2.44$2.26+0.8%
Diluted shares, weighted121m120m127m+0.8%
Shares outstanding at period end119m117m116m+1.6%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity1,7221,4191,353+21.4%
Debt1,3781,5801,974-12.8%
Operating lease liabilities291298314-2.3%
Other liabilities1,9081,9292,314-1.1%
Total liabilities and equity5,2985,2255,955+1.4%
Fixed assets127145159-12.1%
Goodwill1,4291,4741,471-3.0%
Intangible assets28.243.764.0-35.4%
Cash and equivalents146146217+0.2%
Receivables2,3842,3822,992+0.1%
Other assets1,1841,0361,051+14.3%
Total assets5,2985,2255,955+1.4%

10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.