Murphy USA Inc (MUSA)

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	556,800	524,500	576,300	626,800	672,900	664,000	548,500	494,000	396,900	349,100	312,000	352,100	386,100	372,700	375,000	238,800	154,800	184,700	160,500	179,600
Revenue (ttm)	US$ in thousands	21,529,400	21,811,100	22,211,500	23,399,400	23,446,100	22,849,200	21,256,200	18,943,300	17,360,500	15,429,900	13,676,300	11,608,700	11,264,300	11,883,100	12,684,200	14,103,500	14,034,600	14,059,600	14,206,200	14,248,000
Net profit margin		2.59%	2.40%	2.59%	2.68%	2.87%	2.91%	2.58%	2.61%	2.29%	2.26%	2.28%	3.03%	3.43%	3.14%	2.96%	1.69%	1.10%	1.31%	1.13%	1.26%

December 31, 2023 calculation

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

The net profit margin of Murphy USA Inc has displayed relative consistency over the quarters provided, ranging from 2.40% to 2.91%. The company's net profit margin peaked in Q4 2022 at 2.91% and has since experienced a slight decline, reaching its lowest point in Q3 2022 at 2.40%. Despite these fluctuations, the margins have generally remained within a narrow band, indicating a stable profitability trend. It is worth noting that even though there have been variations, the net profit margins have generally been maintained above the 2.5% level, suggesting that Murphy USA Inc has been able to effectively manage its expenses and generate profit relative to its revenue.