Marten Transport Ltd (MRTN)

Net 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
Net income (ttm)	US$ in thousands	26,922	33,688	43,532	57,517	70,373	83,488	95,536	105,323	110,354	109,570	105,198	94,955	85,428	80,302	77,072	73,788	69,500	65,644	64,187	61,243
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
Net profit margin		2.79%	3.36%	4.17%	5.31%	6.22%	7.04%	7.76%	8.26%	8.73%	9.07%	9.27%	9.15%	8.77%	8.60%	8.57%	8.40%	7.95%	7.60%	7.44%	7.10%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $26,922K ÷ $963,708K
= 2.79%

Marten Transport Ltd's net profit margin has shown fluctuating trends over the past few years, as per the data provided. The net profit margin represents the percentage of revenue that remains as profit after all expenses have been deducted.

The net profit margin has displayed a generally increasing pattern from March 31, 2020, to September 30, 2022, reaching its peak at 9.27% on June 30, 2022. This indicates that the company was able to effectively control its costs and generate higher profits relative to its revenue during this period.

However, starting from December 31, 2022, the net profit margin began to decline steadily. By the end of December 31, 2024, the net profit margin had significantly dropped to 2.79%, reflecting a decrease in profitability for Marten Transport Ltd.

The decreasing trend in the net profit margin suggests that the company may be facing challenges in managing its expenses or experiencing a decrease in revenue growth relative to costs. Further in-depth analysis of the company's financial performance and operational efficiency may be necessary to identify the factors contributing to this decline in net profit margin.