Murphy USA Inc (MUSA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	556,800	672,900	396,900	386,100	154,800
Revenue	US$ in thousands	21,529,400	23,446,100	17,360,500	11,264,300	14,034,600
Net profit margin		2.59%	2.87%	2.29%	3.43%	1.10%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $556,800K ÷ $21,529,400K
= 2.59%

The net profit margin of Murphy USA Inc has displayed some variability over the past five years. In 2023, the net profit margin was 2.59%, a slight decrease from 2.87% in 2022. However, this figure was an improvement compared to 2.29% in 2021 and 1.10% in 2019. The highest net profit margin was recorded in 2020 at 3.43%.

Overall, Murphy USA Inc has shown some fluctuation in its net profit margin performance, with a general trend of improvement from 2019 to 2020 followed by some declines and fluctuations in subsequent years. It is essential for the company to assess the factors impacting its profitability to ensure sustainable growth and efficiency in its operations.