Marten Transport Ltd (MRTN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 694,304 | 820,247 | 611,177 | 524,914 | 529,097 |
| Revenue | US$ in thousands | 1,131,460 | 1,263,880 | 973,644 | 874,374 | 843,271 |
| Gross profit margin | 61.36% | 64.90% | 62.77% | 60.03% | 62.74% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $694,304K ÷ $1,131,460K
= 61.36%
Marten Transport, Ltd. has consistently maintained a gross profit margin of 100.00% over the past five years, indicating that the company is able to effectively manage its production costs and generate a significant profit from its sales. This high level of gross profit margin suggests that Marten Transport, Ltd. has strong pricing power, efficient operations, or a unique competitive advantage in its industry. However, it is important to note that a gross profit margin of 100.00% may also be a result of unusually high sales prices relative to costs, which could potentially lead to scrutiny from stakeholders. Further analysis of the company's cost structure and pricing strategy would provide more insights into the sustainability and competitiveness of its gross profit margins.
Peer comparison
Dec 31, 2023