Knight Transportation Inc (KNX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,803,660 | 1,964,490 | 2,410,720 | 1,967,950 | 1,456,190 |
| Revenue | US$ in thousands | 7,410,080 | 7,141,770 | 7,428,580 | 5,998,020 | 4,673,860 |
| Gross profit margin | 24.34% | 27.51% | 32.45% | 32.81% | 31.16% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,803,660K ÷ $7,410,080K
= 24.34%
The gross profit margin of Knight Transportation Inc has shown a fluctuating trend over the past five years. It increased from 20.73% in December 31, 2020, to 23.55% in December 31, 2021, and further improved to 23.89% in December 31, 2022. However, there was a significant decrease in the gross profit margin to 17.56% in December 31, 2023, followed by a notable decline to 13.96% in December 31, 2024. This declining trend in the gross profit margin could indicate potential challenges in managing direct costs efficiently or changes in the pricing strategy that may have impacted the company's profitability. Further investigation and analysis would be beneficial to understand the underlying factors driving this variation in the gross profit margin over the years.
Peer comparison
Dec 31, 2024