Knife River Corporation (KNF)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 569,830 | 568,225 | 564,603 | 541,383 | 538,984 | 484,816 | 399,914 | 350,255 | 347,274 |
| Revenue (ttm) | US$ in thousands | 2,899,002 | 2,888,686 | 2,873,766 | 2,852,060 | 2,830,370 | 2,720,992 | 2,606,050 | 2,532,663 | 2,534,729 |
| Gross profit margin | 19.66% | 19.67% | 19.65% | 18.98% | 19.04% | 17.82% | 15.35% | 13.83% | 13.70% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $569,830K ÷ $2,899,002K
= 19.66%
Knife River Corporation's gross profit margin has shown a positive trend over the analyzed period, increasing from 13.70% as of December 31, 2022, to 19.66% as of December 31, 2024. This indicates that the company has been able to improve its ability to generate profits after accounting for the cost of goods sold. The steady growth in the gross profit margin suggests effective cost management, improved pricing strategies, or an increase in the efficiency of production processes. It is noteworthy that there was a significant jump in the margin between September 30, 2023, and December 31, 2023, indicating a potential strategic change or successful operational initiatives implemented during that period. Overall, the upward trend in gross profit margin reflects positively on Knife River Corporation's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024