Marten Transport Ltd (MRTN)

Operating 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
Operating income (ttm) US$ in thousands 29,517 36,645 49,606 70,377 88,308 71,697 57,712 33,947 5,572 39,005 64,256 88,326 111,689 106,570 102,474 99,212 93,246 86,475 82,109 76,797
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
Operating profit margin 3.06% 3.66% 4.75% 6.50% 7.80% 6.05% 4.69% 2.66% 0.44% 3.23% 5.66% 8.51% 11.47% 11.41% 11.40% 11.29% 10.66% 10.01% 9.51% 8.90%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $29,517K ÷ $963,708K
= 3.06%

Based on the data provided for Marten Transport Ltd, the operating profit margin has shown fluctuations over the reporting periods. The operating profit margin steadily increased from March 31, 2020, at 8.90% to a peak of 11.47% on December 31, 2021. This upward trend indicates an improvement in the company's ability to generate profits from its core operations.

However, starting from March 31, 2022, the operating profit margin began to decline consistently over the next few quarters, reaching its lowest point of 3.06% on December 31, 2024. This decline suggests potential challenges or inefficiencies in the company's operations that may have impacted its profitability.

It is essential for Marten Transport Ltd to closely monitor and analyze the factors affecting their operating profit margin to address any issues and strive for sustainable profitability. Additionally, the company may need to implement strategic measures to improve operational efficiency and maintain a healthy level of profitability in the future.