Landstar System Inc (LSTR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 264,394 | 430,914 | 381,524 | 192,106 | 227,720 |
| Revenue | US$ in thousands | 5,303,320 | 7,436,560 | 6,537,570 | 4,132,980 | 4,084,580 |
| Net profit margin | 4.99% | 5.79% | 5.84% | 4.65% | 5.58% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $264,394K ÷ $5,303,320K
= 4.99%
The net profit margin of Landstar System Inc has shown some fluctuations over the past five years. In 2023, the net profit margin decreased to 4.99%, down from 5.79% in 2022. This decline suggests a decrease in the company's profitability in 2023 compared to the previous year. However, it's important to note that the net profit margin in 2023 is still higher than in 2020, indicating some level of recovery from the lower profitability experienced that year.
Despite the fluctuations, Landstar System Inc has generally maintained a net profit margin within a relatively narrow range over the past five years, ranging from a low of 4.65% in 2020 to a high of 5.84% in 2021. This consistency may indicate a certain level of stability in the company's ability to generate profits relative to its revenue.
Overall, while there have been variations in the net profit margin of Landstar System Inc in recent years, the company appears to have managed to maintain a reasonable level of profitability relative to its revenue, with the most recent year showing a slight decrease compared to the previous year.
Peer comparison
Dec 31, 2023