Knight Transportation Inc (KNX)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 243,388 | 338,153 | 412,295 | 418,179 | 76,285 |
| Revenue | US$ in thousands | 7,410,080 | 7,141,770 | 7,428,580 | 5,998,020 | 4,673,860 |
| Operating profit margin | 3.28% | 4.73% | 5.55% | 6.97% | 1.63% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $243,388K ÷ $7,410,080K
= 3.28%
Knight Transportation Inc's operating profit margin has shown variability over the years based on the provided data. In 2020, the operating profit margin was 1.63%, indicating a relatively low level of profitability relative to operating revenues. However, there was a significant improvement in 2021, with the margin increasing to 6.97%, reflecting a more efficient management of operating expenses.
In the following years, the operating profit margin slightly decreased to 5.55% in 2022, 4.73% in 2023, and further declined to 3.28% in 2024. This downward trend suggests that Knight Transportation Inc may be facing challenges in controlling its operating costs relative to its revenue generation, leading to narrowing profitability margins.
Overall, while there was a notable improvement in 2021, the subsequent decline in the operating profit margin in the following years indicates the need for the company to focus on cost management strategies to sustain and enhance its profitability levels in the future.
Peer comparison
Dec 31, 2024