Marten Transport Ltd (MRTN)

Gross 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
Gross profit (ttm)	US$ in thousands	693,950	739,465	778,527	821,330	822,106	784,218	731,180	659,273	612,680	673,042	643,325	622,845	617,934	607,786	613,858	620,198	569,020	555,796	500,485	445,699
Revenue (ttm)	US$ in thousands	1,131,455	1,185,817	1,230,727	1,274,620	1,263,878	1,208,170	1,135,002	1,037,879	973,644	934,101	898,832	878,774	874,374	864,226	863,188	862,894	843,271	830,047	814,723	799,657
Gross profit margin		61.33%	62.36%	63.26%	64.44%	65.05%	64.91%	64.42%	63.52%	62.93%	72.05%	71.57%	70.88%	70.67%	70.33%	71.12%	71.87%	67.48%	66.96%	61.43%	55.74%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $693,950K ÷ $1,131,455K
= 61.33%

Marten Transport, Ltd. has consistently maintained a gross profit margin of 100% across all quarters in the period analyzed. A gross profit margin of 100% indicates that the company's revenue from the sale of goods or services exceeds the cost of goods sold by the same amount, resulting in no gross profit or loss. This could suggest efficient cost management and pricing strategies, or potentially a unique business model where there are no direct costs associated with generating revenue. It is worth further investigation to understand the specific factors contributing to this exceptional performance and to assess the sustainability of such high gross profit margins in the long term.