Knife River Corporation (KNF)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 569,829 | 538,935 | 347,274 | 346,949 | 370,578 |
| Revenue | US$ in thousands | 2,899,000 | 2,830,350 | 2,534,730 | 2,228,930 | 2,178,000 |
| Gross profit margin | 19.66% | 19.04% | 13.70% | 15.57% | 17.01% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $569,829K ÷ $2,899,000K
= 19.66%
The gross profit margin of Knife River Corporation has shown some fluctuations over the past five years. In December 2020, the gross profit margin was reported at 17.01%. However, this percentage decreased to 15.57% by December 2021, signaling a potential decrease in the company's profitability.
By December 2022, there was a further decline in the gross profit margin to 13.70%, raising concerns about the company's ability to generate profits from its sales.
A positive trend emerged in the following years, with the gross profit margin increasing to 19.04% in December 2023 and further to 19.66% by December 2024. This improvement indicates that Knife River Corporation was able to enhance its profitability and efficiency in managing its cost of goods sold during this period.
In conclusion, while there were fluctuations in the gross profit margin of Knife River Corporation in the past five years, the recent upward trend suggests a positive direction for the company's financial performance. It will be essential for stakeholders to monitor future trends in the company's gross profit margin to assess its operational effectiveness and profitability.
Peer comparison
Dec 31, 2024