Marten Transport Ltd (MRTN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 101,371 | 92,127 | 104,339 | 138,431 | 170,816 | 203,610 | 221,710 | 233,790 | 238,497 | 231,322 | 217,948 | 197,306 | 183,152 | 178,783 | 174,280 | 174,921 | 170,765 | 160,023 | 155,708 | 150,531 |
| Revenue (ttm) | US$ in thousands | 963,708 | 1,001,498 | 1,043,670 | 1,083,104 | 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 |
| Gross profit margin | 10.52% | 9.20% | 10.00% | 12.78% | 15.10% | 17.17% | 18.01% | 18.34% | 18.87% | 19.15% | 19.20% | 19.01% | 18.81% | 19.14% | 19.39% | 19.91% | 19.53% | 18.52% | 18.04% | 17.44% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $101,371K ÷ $963,708K
= 10.52%
The gross profit margin of Marten Transport Ltd has shown some fluctuations over the past few years. Starting at 17.44% on March 31, 2020, it increased gradually to reach a peak of 19.91% on March 31, 2021. However, after that peak, the gross profit margin started to decrease, with a slight recovery seen by June 30, 2022, at 19.20%.
From September 30, 2022, the gross profit margin began to decline once again, dropping to 15.10% by December 31, 2023. The trend continued downwards, reaching 10.00% by June 30, 2024, and dropping further to 9.20% by September 30, 2024. There was a slight improvement by December 31, 2024, at 10.52%.
The decreasing trend observed in the gross profit margin from 2023 onwards might indicate potential issues with cost management, pricing strategies, or changes in the cost structure of the company. It is essential for Marten Transport Ltd to closely monitor and analyze these fluctuations to identify the underlying factors causing the decline in the gross profit margin and take appropriate measures to address them effectively.
Peer comparison
Dec 31, 2024