JB Hunt Transport Services Inc (JBHT)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	728,287	969,351	760,806	506,035	516,320
Revenue	US$ in thousands	12,735,900	14,788,200	12,116,200	9,585,030	9,097,520
Net profit margin		5.72%	6.55%	6.28%	5.28%	5.68%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $728,287K ÷ $12,735,900K
= 5.72%

The net profit margin of J.B. Hunt Transport Services, Inc. has shown some fluctuation over the past five years, ranging from 5.25% in 2020 to 6.54% in 2022. In 2023, the net profit margin decreased to 5.68%. This indicates that, for every dollar of revenue generated by the company, it retains between 5.25% and 6.54% as net profit after accounting for all expenses. The trend suggests that the company has experienced variability in its ability to convert revenue into profit over the years, potentially due to changes in costs, pricing strategies, or operational efficiencies. It would be important for stakeholders to further investigate the underlying reasons for the fluctuations in the net profit margin to assess the company's profitability and financial performance.