Knight Transportation Inc (KNX)

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	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	893,831	775,674	1,106,242	1,204,734	1,389,681	1,640,024	1,493,865	1,676,227	1,774,557	1,847,768	1,794,098	1,596,466	1,412,542	1,237,698	1,114,528	1,021,339	969,119	891,849	818,490	844,304
Revenue (ttm)	US$ in thousands	7,410,080	7,477,720	7,620,980	7,327,310	7,141,770	6,953,470	6,830,370	7,238,520	7,428,580	7,501,820	7,247,420	6,601,990	5,998,010	5,459,110	5,027,080	4,772,080	4,673,870	4,592,720	4,582,830	4,764,210
Gross profit margin		12.06%	10.37%	14.52%	16.44%	19.46%	23.59%	21.87%	23.16%	23.89%	24.63%	24.75%	24.18%	23.55%	22.67%	22.17%	21.40%	20.73%	19.42%	17.86%	17.72%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $893,831K ÷ $7,410,080K
= 12.06%

The gross profit margin of Knight Transportation Inc has shown fluctuations over the data period provided. It started at 17.72% on March 31, 2020, and gradually increased to reach a peak of 24.75% on June 30, 2022. This indicates an improving trend in the company's ability to generate profits from its core operations.

However, the gross profit margin declined to 14.52% on June 30, 2024, and further dropped to 10.37% on September 30, 2024, which may raise concerns about the company's cost management or pricing strategies during that period.

A recovery was seen with an increase to 12.06% on December 31, 2024, implying some adjustments were made to improve profitability. The overall trend of the gross profit margin suggests that Knight Transportation Inc experienced periods of both growth and challenges in maintaining favorable margins over the analyzed timeframe.