Knight Transportation Inc (KNX)

Net 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
Net income (ttm)	US$ in thousands	117,626	37,474	67,204	110,230	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
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
Net profit margin		1.59%	0.50%	0.88%	1.50%	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%

December 31, 2024 calculation

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

The net profit margin of Knight Transportation Inc has fluctuated over the reporting periods provided. Initially, the margin increased steadily from March 31, 2020, to June 30, 2021, reflecting improved profitability. The company experienced a peak net profit margin of 12.45% on March 31, 2022. However, the margin started to decline from that point onwards, falling to 3.04% on December 31, 2023, and further dropping to 0.50% by September 30, 2024.

The significant decrease in net profit margin during the latter half of the provided period may indicate challenges or inefficiencies impacting the company's profitability. It is important for stakeholders to investigate the factors contributing to this decline and assess the company's strategies for maintaining sustainable profitability in the future.