O’Reilly Automotive Inc (ORLY)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,346,580	2,172,650	2,164,680	1,752,300	1,391,040
Revenue	US$ in thousands	15,613,100	14,256,600	13,182,300	11,440,400	10,003,700
Net profit margin		15.03%	15.24%	16.42%	15.32%	13.91%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,346,580K ÷ $15,613,100K
= 15.03%

The net profit margin of O`Reilly Automotive, Inc. has displayed some fluctuations over the past five years. The company's net profit margin was 14.84% in 2023, slightly lower than the previous year's margin of 15.08% and notably below the margin of 16.24% in 2021. Despite the decrease in 2023, the company has generally maintained healthy profitability levels, with margins consistently above 13%. This indicates that O`Reilly Automotive has been effectively managing its expenses relative to its revenue to generate profits. Analysts may want to further investigate the factors contributing to the fluctuation in the net profit margin and assess the company's overall financial performance and efficiency in generating profits.