Perdoceo Education Corp (PRDO)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	147,590	147,652	95,867	109,637	124,264
Revenue	US$ in thousands	681,263	710,004	695,208	693,034	687,314
Net profit margin		21.66%	20.80%	13.79%	15.82%	18.08%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $147,590K ÷ $681,263K
= 21.66%

The net profit margin of Perdoceo Education Corp has shown varying trends over the past five years. As of December 31, 2020, the net profit margin was at 18.08%, indicating that for every dollar of revenue generated, the company retained approximately 18 cents as profit.

Subsequently, the net profit margin declined to 15.82% by December 31, 2021, reflecting a decrease in profitability. This trend continued into December 31, 2022, with the net profit margin falling further to 13.79%, suggesting potentially lower operational efficiency or higher costs impacting the company's bottom line.

However, there was a notable turnaround in December 31, 2023, where the net profit margin significantly improved to 20.80%. This uptick indicates that the company experienced a period of increased profitability, potentially through cost-cutting measures or revenue growth outpacing expenses.

The positive momentum continued into December 31, 2024, as the net profit margin rose to 21.66%, reaching its highest point in the provided data set. This suggests that Perdoceo Education Corp was able to efficiently convert revenue into profit, possibly through strategic initiatives or improved financial performance.

In conclusion, while the net profit margin of Perdoceo Education Corp has exhibited fluctuations over the years, the recent upward trend indicates a positive trajectory in terms of the company's profitability and financial health.