Knight Transportation Inc (KNX)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	217,149	771,325	743,388	410,002	309,206
Revenue	US$ in thousands	7,141,770	7,428,580	5,998,020	4,673,860	4,843,950
Net profit margin		3.04%	10.38%	12.39%	8.77%	6.38%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $217,149K ÷ $7,141,770K
= 3.04%

The net profit margin of Knight-Swift Transportation Holdings Inc has exhibited variability over the past five years. In 2023, the net profit margin decreased to 3.04% from the previous year's 10.38%, indicating a significant decline in profitability. This reduction in net profit margin may suggest challenges faced by the company in managing costs or generating revenue efficiently compared to the prior year. Despite the decrease in 2023, the net profit margin was still lower than the 2019 and 2020 levels, implying a potential trend of declining profitability over the years. Further analysis is needed to understand the specific factors driving these changes and the company's overall financial health.