Marten Transport Ltd (MRTN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 130,701 | 295,306 | 238,497 | 183,152 | 170,765 |
| Revenue | US$ in thousands | 963,708 | 1,131,460 | 1,263,880 | 973,644 | 874,374 |
| Gross profit margin | 13.56% | 26.10% | 18.87% | 18.81% | 19.53% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $130,701K ÷ $963,708K
= 13.56%
The gross profit margin of Marten Transport Ltd has exhibited some fluctuations over the years based on the data provided. In 2020, the gross profit margin was 19.53%, showing a slight decrease to 18.81% in 2021. However, there was a marginal improvement in 2022 with a gross profit margin of 18.87%. A significant increase was observed in 2023, where the gross profit margin surged to 26.10%, indicating improved efficiency in generating revenue after deducting the cost of goods sold.
Conversely, in 2024, there was a notable decline in the gross profit margin to 13.56%. This decrease may raise concerns about the company's ability to effectively manage costs or maintain pricing strategies. It is essential for Marten Transport Ltd to thoroughly examine the reasons behind this decline and implement appropriate measures to improve its gross profit margin moving forward.
Peer comparison
Dec 31, 2024