Marten Transport Ltd (MRTN)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 26,922 | 70,373 | 110,354 | 85,428 | 69,500 |
| Revenue | US$ in thousands | 963,708 | 1,131,460 | 1,263,880 | 973,644 | 874,374 |
| Net profit margin | 2.79% | 6.22% | 8.73% | 8.77% | 7.95% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $26,922K ÷ $963,708K
= 2.79%
Based on the provided data, Marten Transport Ltd's net profit margin has shown fluctuating trends over the years. In December 2020, the net profit margin stood at 7.95%, indicating that the company generated a profit of $7.95 for every $100 in revenue.
Over the next few years, the net profit margin exhibited both growth and decline. By December 2021, it increased to 8.77%, showcasing an improvement in profitability. However, in December 2022, there was a slight decrease to 8.73%.
The most notable change occurred in December 2023, where the net profit margin dropped significantly to 6.22%. This decrease could signal potential issues affecting the company's profitability, such as rising costs or declining sales.
The trend continued in December 2024, with the net profit margin declining further to 2.79%. This substantial decrease suggests that Marten Transport Ltd faced challenges in maintaining profitability during that period.
Overall, analyzing the net profit margin data reveals varying performance levels in terms of profitability for Marten Transport Ltd, indicating the need for further examination of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024