O’Reilly Automotive Inc (ORLY)

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	2,346,581	2,322,649	2,258,260	2,207,655	2,172,650	2,163,051	2,136,265	2,144,956	2,164,685	2,038,657	2,007,257	1,953,473	1,752,302	1,684,273	1,548,314	1,370,328	1,391,042	1,366,483	1,341,341	1,340,733
Revenue (ttm)	US$ in thousands	15,673,280	15,485,750	15,089,740	14,703,610	14,301,060	13,948,060	13,635,980	13,430,250	13,222,560	12,759,840	12,481,270	12,103,380	11,487,200	11,141,410	10,606,010	10,111,240	10,049,160	9,881,140	9,700,550	9,569,440
Net profit margin		14.97%	15.00%	14.97%	15.01%	15.19%	15.51%	15.67%	15.97%	16.37%	15.98%	16.08%	16.14%	15.25%	15.12%	14.60%	13.55%	13.84%	13.83%	13.83%	14.01%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,346,581K ÷ $15,673,280K
= 14.97%

O`Reilly Automotive, Inc.'s net profit margin has shown a consistent trend over the past 8 quarters, with slight fluctuations between 14.84% and 15.85%. The company's net profit margin peaked at 15.85% in Q1 2022 and has since experienced a gradual decline to 14.84% in Q4 2023. This indicates that O`Reilly Automotive has been able to maintain healthy profitability levels, although there has been a slight decrease in recent quarters. Overall, the company's ability to generate profits relative to its revenue remains relatively stable, reflecting effective cost management and operational efficiency.