Knight Transportation Inc (KNX)

Net profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 117,626 217,149 771,325 743,388 410,002
Revenue US$ in thousands 7,410,080 7,141,770 7,428,580 5,998,020 4,673,860
Net profit margin 1.59% 3.04% 10.38% 12.39% 8.77%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $117,626K ÷ $7,410,080K
= 1.59%

The net profit margin of Knight Transportation Inc has shown some fluctuations over the years. It increased from 8.77% in December 2020 to 12.39% in December 2021, indicating improved profitability. However, the margin slightly decreased to 10.38% by December 2022. There was a significant drop in profitability in December 2023, with a net profit margin of 3.04%, followed by a further decline to 1.59% by December 2024. This downward trend suggests a decrease in the company's ability to generate profit relative to its revenue during these periods.