Rush Enterprises A Inc (RUSHA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 347,055 | 391,382 | 241,415 | 114,887 | 141,583 |
| Revenue | US$ in thousands | 7,925,020 | 7,101,670 | 5,126,140 | 4,735,940 | 5,809,850 |
| Net profit margin | 4.38% | 5.51% | 4.71% | 2.43% | 2.44% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $347,055K ÷ $7,925,020K
= 4.38%
The net profit margin of Rush Enterprises A Inc has shown fluctuating trends over the past five years. In 2023, the net profit margin decreased to 4.38% from 5.51% in 2022, representing a decrease in profitability. However, despite this decline, the margin in 2023 was still higher than in 2021 when it stood at 4.71%. Looking back further, there was a significant jump in profitability in 2020 compared to 2019, where the net profit margin increased from 2.44% to 2.43%. This highlights the company's ability to improve its profitability in 2020 even though it saw a slight decline in 2023. The variations in the net profit margin indicate changes in the company's ability to generate profits relative to its revenue over the years.
Peer comparison
Dec 31, 2023