Cross Country Healthcare Inc (CCRN)

Net profit margin

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	72,631	102,384	124,365	155,914	188,461	227,243	215,883	174,537	132,002	59,041	34,274	8,575	-12,962	-18,718	-20,512	-58,035	-57,713	-76,260	-73,573	-20,360
Revenue (ttm)	US$ in thousands	2,010,497	2,222,880	2,413,858	2,625,827	2,792,021	2,806,282	2,546,405	2,129,244	1,672,603	1,247,530	1,068,775	954,923	836,417	837,407	852,639	838,617	823,724	808,035	799,552	801,367
Net profit margin		3.61%	4.61%	5.15%	5.94%	6.75%	8.10%	8.48%	8.20%	7.89%	4.73%	3.21%	0.90%	-1.55%	-2.24%	-2.41%	-6.92%	-7.01%	-9.44%	-9.20%	-2.54%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $72,631K ÷ $2,010,497K
= 3.61%

Cross Country Healthcares, Inc.'s net profit margin has shown a declining trend over the past four quarters, decreasing from 8.17% in Q1 2022 to 3.60% in Q4 2023. This indicates that the company is generating less profit from its revenue compared to previous quarters. A decreasing net profit margin could be a concern for stakeholders as it may suggest operational inefficiencies, increasing costs, or pricing pressure. It is important for the company to closely monitor and address the factors contributing to this decline in order to improve profitability and long-term sustainability.