LKQ Corporation (LKQ)
Net profit 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 938,000 | 954,000 | 1,008,000 | 1,146,000 | 1,149,000 | 1,191,000 | 1,213,000 | 1,098,000 | 1,091,000 | 1,035,589 | 945,072 | 758,864 | 638,000 | 597,799 | 556,579 | 588,348 | 541,260 | 436,921 | 418,760 | 425,206 |
| Revenue (ttm) | US$ in thousands | 13,866,000 | 13,366,000 | 12,902,000 | 12,795,000 | 12,794,000 | 12,979,000 | 13,172,000 | 13,266,000 | 13,089,000 | 12,857,060 | 12,607,740 | 11,799,060 | 11,629,000 | 11,684,800 | 11,784,890 | 12,406,740 | 12,506,100 | 12,499,020 | 12,473,630 | 12,256,210 |
| Net profit margin | 6.76% | 7.14% | 7.81% | 8.96% | 8.98% | 9.18% | 9.21% | 8.28% | 8.34% | 8.05% | 7.50% | 6.43% | 5.49% | 5.12% | 4.72% | 4.74% | 4.33% | 3.50% | 3.36% | 3.47% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $938,000K ÷ $13,866,000K
= 6.76%
The net profit margin of LKQ Corp has shown a declining trend over the past eight quarters. Starting at 8.98% in Q4 2022, it gradually decreased to 6.75% in Q4 2023. The company experienced its highest net profit margin of 9.21% in Q2 2022 but has since been on a downward trajectory. This trend indicates a potential decrease in the company's profitability relative to its revenue in recent quarters. Further analysis and investigation into the drivers behind this declining trend may be warranted to assess the company's financial performance and sustainability.