Marten Transport Ltd (MRTN)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 93,916 | 144,171 | 111,732 | 93,386 | 77,688 |
| Revenue | US$ in thousands | 1,131,460 | 1,263,880 | 973,644 | 874,374 | 843,271 |
| Pretax margin | 8.30% | 11.41% | 11.48% | 10.68% | 9.21% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $93,916K ÷ $1,131,460K
= 8.30%
The pretax margin of Marten Transport, Ltd. has shown fluctuating trends over the past five years. In 2023, the pretax margin decreased to 8.30% from 11.41% in 2022, indicating a decline in the company's profitability before considering taxes. Despite this decline, the pretax margin in 2023 still remained relatively competitive compared to previous years.
In 2021 and 2022, the company experienced relatively higher pretax margins of 11.48% and 11.41%, respectively, reflecting improved profitability levels during those years. This suggests that the company effectively managed its operational costs and generated higher earnings compared to previous periods.
Furthermore, in 2020 and 2019, the pretax margins were 10.68% and 9.21%, respectively. These figures indicate a moderate level of profitability for the company during those years, where it maintained a decent margin before accounting for taxes.
Overall, the fluctuation in pretax margins for Marten Transport, Ltd. over the past five years may be attributed to various factors such as changes in revenue, cost management strategies, economic conditions, or industry dynamics. Further analysis of the company's financial performance and operational efficiencies would be necessary to understand the drivers behind these fluctuations and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023