Knight Transportation Inc (KNX)

Operating 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
Operating income (ttm)	US$ in thousands	252,982	195,545	195,181	78,945	57,981	80,305	107,782	292,126	412,295	711,691	873,245	927,180	965,697	818,152	713,526	624,578	564,438	469,340	406,832	413,258
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
Operating profit margin		3.41%	2.62%	2.56%	1.08%	0.81%	1.15%	1.58%	4.04%	5.55%	9.49%	12.05%	14.04%	16.10%	14.99%	14.19%	13.09%	12.08%	10.22%	8.88%	8.67%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $252,982K ÷ $7,410,080K
= 3.41%

The operating profit margin of Knight Transportation Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The margin started at 8.67% in March 2020 and gradually increased to 16.10% by December 2021, indicating improved efficiency in generating profits from operations. However, there was a decline in the margin to 5.55% by December 31, 2022, and further decreases in subsequent periods.

The margin fell to 0.81% by December 31, 2023, before showing a slight increase to 3.41% by December 31, 2024. This decline in the operating profit margin suggests that Knight Transportation Inc may have faced challenges in controlling operating expenses relative to its revenue during this period.

Overall, the trend in the operating profit margin of Knight Transportation Inc demonstrates a mixture of improvement and decline, highlighting the importance of closely monitoring the company's operational efficiency and cost management strategies to sustain profitability.