Marten Transport Ltd (MRTN)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 36,346 | 93,916 | 144,171 | 111,732 | 93,386 |
| Revenue | US$ in thousands | 963,708 | 1,131,460 | 1,263,880 | 973,644 | 874,374 |
| Pretax margin | 3.77% | 8.30% | 11.41% | 11.48% | 10.68% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $36,346K ÷ $963,708K
= 3.77%
The pretax margin of Marten Transport Ltd has displayed a fluctuating trend over the past five years, as indicated by the following figures: 10.68% in December 2020, 11.48% in December 2021, 11.41% in December 2022, 8.30% in December 2023, and 3.77% in December 2024. The company's pretax margin saw a gradual increase from 2020 to 2022, reaching its peak in December 2021. However, there was a significant decline in pretax margin in 2023 and 2024, indicating a decrease in profitability before tax. This could be a result of various factors such as changes in operating expenses, revenue fluctuations, or economic conditions affecting the company's financial performance. It would be important for stakeholders to further investigate the reasons behind this downward trend in pretax margin to assess the company's financial health and future prospects.
Peer comparison
Dec 31, 2024