Strategic Education Inc (STRA)

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	69,791	48,991	36,624	37,613	46,670	50,021	47,783	52,539	55,087	39,324	46,430	60,606	86,268	108,888	114,620	104,877	81,138	75,056	5,583	-13,638
Revenue (ttm)	US$ in thousands	1,133,551	1,103,905	1,081,092	1,066,976	1,069,225	1,071,595	1,078,450	1,094,322	1,114,981	1,106,284	1,064,163	1,018,617	1,004,460	1,000,738	1,014,628	1,015,848	997,137	975,468	894,666	764,224
Net profit margin		6.16%	4.44%	3.39%	3.53%	4.36%	4.67%	4.43%	4.80%	4.94%	3.55%	4.36%	5.95%	8.59%	10.88%	11.30%	10.32%	8.14%	7.69%	0.62%	-1.78%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $69,791K ÷ $1,133,551K
= 6.16%

The net profit margin of Strategic Education Inc has fluctuated over the past 8 quarters. In Q4 2023, the net profit margin was 6.16%, which was higher compared to the previous quarter at 4.45% in Q3 2023. This improvement indicates that the company was able to generate more profit for each dollar of revenue during that period. However, looking at the trend over a longer period, the net profit margin has shown some variability, with the highest point at 6.16% in Q4 2023 and the lowest at 3.40% in Q2 2023. Overall, the trend seems to be relatively stable with slight fluctuations, indicating that Strategic Education Inc has been able to maintain a reasonable level of profitability relative to its revenue during these quarters.