Grand Canyon Education Inc (LOPE)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	226,234	204,985	184,675	260,344	257,196
Revenue	US$ in thousands	1,033,060	960,866	911,304	897,963	839,694
Net profit margin		21.90%	21.33%	20.26%	28.99%	30.63%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $226,234K ÷ $1,033,060K
= 21.90%

Grand Canyon Education Inc's net profit margin has shown a fluctuating trend over the past five years. In December 2020, the net profit margin was strong at 30.63%, indicating that the company was able to convert 30.63% of its total revenue into net profit. However, there was a slight decrease in profitability by the end of December 2021, with the net profit margin standing at 28.99%.

Subsequently, there was a more significant decline in profitability by December 2022, as the net profit margin dropped to 20.26%. This decrease may indicate various factors affecting the company's profitability, such as increased expenses or declining revenues. However, there was a slight improvement in December 2023, with the net profit margin increasing to 21.33%.

By the end of December 2024, the net profit margin further improved to 21.90%, showing a positive trend in profitability. Overall, while there have been fluctuations in Grand Canyon Education Inc's net profit margin over the years, it is important for the company to focus on maintaining healthy levels of profitability to ensure sustainable growth and financial stability.