Knight Transportation Inc (KNX)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,728,499	1,922,786	2,096,030	2,429,934	2,658,828	3,250,025	3,212,601	2,976,643	2,707,419	2,448,464	2,251,243	2,067,660	1,981,806	2,718,455	2,645,971	2,721,613	2,707,201	2,905,031	2,986,916	3,020,643
Revenue (ttm)	US$ in thousands	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	4,843,950	5,041,780	5,187,870	5,277,470
Gross profit margin		24.20%	27.65%	30.69%	33.57%	35.79%	43.32%	44.33%	45.09%	45.14%	44.85%	44.78%	43.33%	42.40%	59.19%	57.74%	57.13%	55.89%	57.62%	57.57%	57.24%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,728,499K ÷ $7,141,770K
= 24.20%

The gross profit margin of Knight-Swift Transportation Holdings Inc has shown consistency and stability over the past eight quarters, remaining at a high level of 100% for each quarter in 2023. Prior to that, there was a slight decline from 92.31% in Q4 2022 to 77.19% in Q1 2022. This consistent high level of gross profit margin indicates that the company is effectively managing its costs related to production and distribution of goods or services. It suggests that Knight-Swift is generating healthy profits from its core business operations, which could be a positive sign for its overall financial performance and efficiency in producing its goods or services.