LKQ Corporation (LKQ)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 938,000 | 1,150,000 | 1,091,000 | 638,000 | 541,260 |
| Revenue | US$ in thousands | 13,866,000 | 12,794,000 | 13,089,000 | 11,629,000 | 12,506,100 |
| Net profit margin | 6.76% | 8.99% | 8.34% | 5.49% | 4.33% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $938,000K ÷ $13,866,000K
= 6.76%
The net profit margin of LKQ Corp has shown fluctuations over the past five years. In 2023, the net profit margin decreased to 6.75%, down from 8.98% in 2022 and 8.33% in 2021. This marks a reversal from the increasing trend observed between 2019 and 2022. The 2023 margin of 6.75% is still higher than the 5.49% recorded in 2020 and the 4.33% in 2019. The trend suggests that while the company's profitability improved between 2019 and 2022, there was a slight decline in 2023. Further analysis of the company's financial performance and factors influencing the net profit margin change would be necessary to understand the full picture.