Knight Transportation Inc (KNX)

Net 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
Net income (ttm)	US$ in thousands	217,149	376,505	511,106	667,272	771,325	877,240	888,623	821,935	743,388	631,101	546,981	474,366	410,002	335,117	287,678	286,694	309,206	393,458	424,720	436,838
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
Net profit margin		3.04%	5.41%	7.48%	9.22%	10.38%	11.69%	12.26%	12.45%	12.39%	11.56%	10.88%	9.94%	8.77%	7.30%	6.28%	6.02%	6.38%	7.80%	8.19%	8.28%

December 31, 2023 calculation

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

The net profit margin of Knight-Swift Transportation Holdings Inc has shown a declining trend over the past eight quarters. Starting at 12.45% in Q1 2022, the net profit margin has steadily decreased to 3.04% in Q4 2023. This decrease indicates that the company's profitability relative to its revenue has been eroding over time.

The reduction in net profit margin could be attributed to various factors such as increasing operating expenses, declining revenue growth, or inefficiencies in cost management. It is important for investors and stakeholders to closely monitor this trend as it may indicate potential challenges in the company's overall financial performance and sustainability. Additional analysis of the company's financial statements and operations would be necessary to identify the specific reasons behind the declining net profit margin and to determine the appropriate actions to address them.