Marten Transport Ltd (MRTN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 70,373 | 110,354 | 85,428 | 69,500 | 61,071 |
| Revenue | US$ in thousands | 1,131,460 | 1,263,880 | 973,644 | 874,374 | 843,271 |
| Net profit margin | 6.22% | 8.73% | 8.77% | 7.95% | 7.24% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $70,373K ÷ $1,131,460K
= 6.22%
The net profit margin of Marten Transport, Ltd. has exhibited some fluctuations over the past five years. In 2023, the net profit margin decreased to 6.22% from 8.73% in 2022, marking a notable decline. However, the company's performance in 2023 still surpassed the margins seen in 2020 and 2019, which were 7.95% and 7.24%, respectively. The highest net profit margin was recorded in 2021 at 8.77%.
Overall, the trend in Marten Transport, Ltd.'s net profit margin appears to be somewhat variable, showing periodic fluctuations. It is important for the company to closely monitor its profitability trends and address any factors contributing to the fluctuations to ensure sustainable and consistent financial performance.
Peer comparison
Dec 31, 2023