Knife River Corporation (KNF)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 201,678 | 182,872 | 72,916 | 129,755 | 147,325 |
| Revenue | US$ in thousands | 2,899,000 | 2,830,350 | 2,534,730 | 2,228,930 | 2,178,000 |
| Net profit margin | 6.96% | 6.46% | 2.88% | 5.82% | 6.76% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $201,678K ÷ $2,899,000K
= 6.96%
Knife River Corporation's net profit margin has shown some fluctuations over the past five years. It was 6.76% at the end of December 2020, indicating that for each dollar of revenue generated, the company was able to retain approximately 6.76 cents in net profit.
However, by the end of December 2021, the net profit margin decreased to 5.82%, suggesting a slight decrease in profitability.
In December 2022, the net profit margin further declined to 2.88%, signaling a significant decrease in profitability. This could be a concerning trend as it indicates that the company's ability to generate profits relative to its revenue has weakened.
The following year, by December 2023, the net profit margin had rebounded to 6.46%, showing an improvement in profitability compared to the previous year.
As of December 2024, the net profit margin increased to 6.96%, indicating a further improvement in profitability. It is essential for Knife River Corporation to monitor and manage its expenses effectively to maintain and enhance its profitability in the future.
Peer comparison
Dec 31, 2024