Grand Canyon Education Inc (LOPE)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	204,985	184,675	260,344	257,196	259,175
Revenue	US$ in thousands	960,866	911,304	897,963	839,694	767,332
Net profit margin		21.33%	20.26%	28.99%	30.63%	33.78%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $204,985K ÷ $960,866K
= 21.33%

The net profit margin of Grand Canyon Education Inc has shown a declining trend over the past five years, decreasing from 33.29% in 2019 to 21.33% in 2023. This indicates that the company's profitability in terms of converting revenue into net income has worsened over the period. The lower net profit margin could be attributed to various factors such as increased operating expenses, lower revenue growth, or other cost pressures affecting the company's bottom line. It is essential for the company to closely monitor its expenses and revenue generation strategies to improve its profitability and ensure sustainable financial performance in the future.