Grand Canyon Education Inc (LOPE)

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	204,985	195,303	189,572	186,161	184,675	198,761	216,411	240,310	260,344	261,986	266,374	263,923	257,196	247,110	253,215	257,317	259,175	258,037	233,647	228,573
Revenue (ttm)	US$ in thousands	960,866	941,291	928,099	917,277	911,304	657,601	654,907	655,883	647,885	880,309	871,749	855,720	839,694	812,574	805,522	792,740	767,332	734,001	698,483	763,331
Net profit margin		21.33%	20.75%	20.43%	20.29%	20.26%	30.23%	33.04%	36.64%	40.18%	29.76%	30.56%	30.84%	30.63%	30.41%	31.43%	32.46%	33.78%	35.15%	33.45%	29.94%

December 31, 2023 calculation

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

The net profit margin of Grand Canyon Education Inc has exhibited a slight decrease in the most recent quarter, dropping from 21.99% in Q3 2022 to 21.33% in Q4 2023. Despite this decline, the company has maintained a relatively stable and healthy net profit margin range between 20.26% and 26.59% over the past eight quarters. This indicates that the company is effectively managing its expenses and generating a consistent level of profitability relative to its revenue. However, a downward trend in net profit margin may suggest a potential need for cost management strategies to sustain or improve profitability in the future.