Hub Group Inc (HUBG)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	167,528	356,948	171,474	73,559	107,171
Revenue	US$ in thousands	4,197,040	5,358,280	4,244,580	3,485,460	3,658,380
Net profit margin		3.99%	6.66%	4.04%	2.11%	2.93%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $167,528K ÷ $4,197,040K
= 3.99%

Hub Group, Inc.'s net profit margin has shown fluctuations over the past five years. In 2023, the net profit margin decreased to 3.99% from 6.68% in 2022, indicating a decrease in the company's profitability relative to its revenue. However, compared to 2021 and 2020, the net profit margin in 2023 was higher, suggesting some improvement in profitability. In 2019, the net profit margin was slightly higher at 2.92%, signifying a slight decrease in profitability compared to 2023. The trend in net profit margin indicates varying levels of efficiency in converting revenue into profits over the years.