Knight Transportation Inc (KNX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,728,500 | 2,658,830 | 2,677,160 | 1,981,810 | 2,044,810 |
| Revenue | US$ in thousands | 7,141,770 | 7,428,580 | 5,998,020 | 4,673,860 | 4,843,950 |
| Gross profit margin | 24.20% | 35.79% | 44.63% | 42.40% | 42.21% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,728,500K ÷ $7,141,770K
= 24.20%
The gross profit margin of Knight-Swift Transportation Holdings Inc has remained consistently at 100% over the past five years from December 31, 2019, to December 31, 2023. This indicates that the company has been able to effectively control its direct costs related to production and maintain a high level of profitability on its sales. A gross profit margin of 100% suggests that the company is able to sell its goods or services for at least double the cost of producing them, reflecting strong operational efficiency and pricing strategies. The stability of this metric over the years indicates a consistent ability to generate profits from core business activities.
Peer comparison
Dec 31, 2023