Marten Transport Ltd (MRTN)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 33,220 | 90,110 | 5,572 | -23,463 | -30,549 |
| Revenue | US$ in thousands | 963,708 | 1,131,460 | 1,263,880 | 973,644 | 874,374 |
| Operating profit margin | 3.45% | 7.96% | 0.44% | -2.41% | -3.49% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $33,220K ÷ $963,708K
= 3.45%
The operating profit margin of Marten Transport Ltd has shown a fluctuating trend over the past few years. In December 31, 2020, the operating profit margin was at -3.49%, indicating that the company was experiencing a loss on its operations. However, there was a slight improvement in the following year, with the margin improving to -2.41%.
Significant progress was made in December 31, 2022, when the operating profit margin turned positive at 0.44%. This suggests that the company was able to generate profits from its operations and achieve a modest margin.
The trend continued to improve in December 31, 2023, with a notable increase in the operating profit margin to 7.96%, indicating a significant improvement in operational efficiency and profitability.
However, in December 31, 2024, there was a slight decrease in the operating profit margin to 3.45%. This could be a signal for the company to focus on maintaining or improving its operational efficiency to ensure sustained profitability.
Overall, the operating profit margin of Marten Transport Ltd has shown fluctuations, with both positive and negative margins observed in recent years. Continued monitoring and strategic adjustments may be necessary to ensure long-term profitability and operational success.
Peer comparison
Dec 31, 2024