Knight Transportation Inc (KNX)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	271,917	472,424	673,924	880,221	1,020,713	1,156,899	1,163,662	1,076,667	974,275	839,744	742,400	644,817	559,678	459,596	388,846	387,123	413,004	522,554	563,916	577,175
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
Pretax margin		3.81%	6.79%	9.87%	12.16%	13.74%	15.42%	16.06%	16.31%	16.24%	15.38%	14.77%	13.51%	11.97%	10.01%	8.48%	8.13%	8.53%	10.36%	10.87%	10.94%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $271,917K ÷ $7,141,770K
= 3.81%

Knight-Swift Transportation Holdings Inc's pretax margin has been on a declining trend over the past eight quarters, falling from 16.31% in Q1 2022 to 3.78% in Q4 2023. This indicates a decrease in the company's profitability before accounting for income taxes. The declining trend suggests potential challenges in managing costs and maintaining profit levels. Further analysis would be required to understand the specific factors driving this trend and to assess the company's overall financial health and performance.