Grand Canyon Education Inc (LOPE)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	226,234	225,064	219,336	213,431	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
Revenue (ttm)	US$ in thousands	1,033,000	1,018,705	1,002,326	985,433	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
Net profit margin		21.90%	22.09%	21.88%	21.66%	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%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $226,234K ÷ $1,033,000K
= 21.90%

The net profit margin of Grand Canyon Education Inc has shown some fluctuations over the past few years. Starting from March 31, 2020 at 32.46%, the net profit margin slightly decreased to 31.43% by June 30, 2020, and continued to gradually decline reaching 29.76% by September 30, 2021. However, there was a significant improvement by December 31, 2021, with the net profit margin rising to 40.18%.

Subsequently, there was a decline in the net profit margin over the next few quarters, dropping to 20.26% by December 31, 2022. Although there was a slight increase in the following quarters, the net profit margin remained relatively stable around the low 20% range until the end of 2024.

Overall, the net profit margin of Grand Canyon Education Inc has experienced fluctuations during the period from March 2020 to December 2024, showing a mix of upward and downward trends. It is important for stakeholders to monitor the company's profitability closely and understand the factors influencing these margin changes.