Marten Transport Ltd
NASDAQ:MRTN
Income Statement
Earnings Waterfall
Marten Transport Ltd
Revenue
|
1.1B
USD
|
Cost of Revenue
|
-729.3m
USD
|
Gross Profit
|
353.8m
USD
|
Operating Expenses
|
-290.1m
USD
|
Operating Income
|
63.7m
USD
|
Other Expenses
|
-6.2m
USD
|
Net Income
|
57.5m
USD
|
Income Statement
Marten Transport Ltd
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
654
N/A
|
661
+1%
|
666
+1%
|
673
+1%
|
675
+0%
|
670
-1%
|
670
0%
|
665
-1%
|
666
+0%
|
668
+0%
|
667
0%
|
671
+1%
|
683
+2%
|
688
+1%
|
688
+0%
|
698
+1%
|
712
+2%
|
738
+4%
|
766
+4%
|
788
+3%
|
800
+2%
|
815
+2%
|
830
+2%
|
843
+2%
|
863
+2%
|
863
+0%
|
864
+0%
|
874
+1%
|
879
+0%
|
899
+2%
|
934
+4%
|
974
+4%
|
1 038
+7%
|
1 135
+9%
|
1 208
+6%
|
1 264
+5%
|
1 275
+1%
|
1 231
-3%
|
1 186
-4%
|
1 131
-5%
|
1 083
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(453)
|
(458)
|
(461)
|
(460)
|
(454)
|
(445)
|
(439)
|
(432)
|
(430)
|
(429)
|
(426)
|
(430)
|
(439)
|
(442)
|
(440)
|
(450)
|
(461)
|
(482)
|
(505)
|
(518)
|
(525)
|
(533)
|
(543)
|
(554)
|
(566)
|
(559)
|
(554)
|
(553)
|
(554)
|
(576)
|
(608)
|
(643)
|
(691)
|
(764)
|
(817)
|
(859)
|
(867)
|
(829)
|
(798)
|
(759)
|
(729)
|
|
Gross Profit |
201
N/A
|
203
+1%
|
205
+1%
|
213
+4%
|
221
+4%
|
225
+2%
|
231
+3%
|
233
+1%
|
236
+1%
|
239
+1%
|
241
+1%
|
242
+0%
|
244
+1%
|
246
+1%
|
248
+1%
|
248
+0%
|
251
+1%
|
256
+2%
|
262
+2%
|
269
+3%
|
275
+2%
|
282
+3%
|
288
+2%
|
289
+0%
|
296
+3%
|
304
+3%
|
310
+2%
|
322
+4%
|
325
+1%
|
323
-1%
|
326
+1%
|
331
+1%
|
347
+5%
|
371
+7%
|
391
+5%
|
405
+4%
|
408
+1%
|
402
-1%
|
388
-4%
|
373
-4%
|
354
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(157)
|
(160)
|
(162)
|
(166)
|
(170)
|
(173)
|
(179)
|
(182)
|
(184)
|
(188)
|
(191)
|
(194)
|
(196)
|
(196)
|
(198)
|
(197)
|
(200)
|
(202)
|
(202)
|
(206)
|
(208)
|
(212)
|
(218)
|
(221)
|
(228)
|
(232)
|
(235)
|
(239)
|
(236)
|
(234)
|
(234)
|
(236)
|
(242)
|
(253)
|
(264)
|
(275)
|
(285)
|
(291)
|
(295)
|
(296)
|
(290)
|
|
Selling, General & Administrative |
(78)
|
(79)
|
(80)
|
(82)
|
(84)
|
(85)
|
(87)
|
(87)
|
(87)
|
(88)
|
(90)
|
(92)
|
(94)
|
(94)
|
(96)
|
(95)
|
(96)
|
(96)
|
(94)
|
(96)
|
(97)
|
(100)
|
(103)
|
(105)
|
(108)
|
(110)
|
(112)
|
(111)
|
(112)
|
(110)
|
(108)
|
(104)
|
(109)
|
(115)
|
(120)
|
(125)
|
(133)
|
(136)
|
(141)
|
(144)
|
(141)
|
|
Depreciation & Amortization |
(65)
|
(66)
|
(67)
|
(68)
|
(70)
|
(71)
|
(73)
|
(75)
|
(78)
|
(80)
|
(81)
|
(82)
|
(84)
|
(85)
|
(85)
|
(85)
|
(86)
|
(86)
|
(88)
|
(89)
|
(89)
|
(91)
|
(93)
|
(95)
|
(98)
|
(101)
|
(102)
|
(110)
|
(103)
|
(103)
|
(103)
|
(109)
|
(103)
|
(104)
|
(107)
|
(118)
|
(114)
|
(117)
|
(118)
|
(124)
|
(116)
|
|
Other Operating Expenses |
(14)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(18)
|
(19)
|
(20)
|
(20)
|
(20)
|
(20)
|
(18)
|
(17)
|
(17)
|
(17)
|
(18)
|
(20)
|
(21)
|
(22)
|
(22)
|
(22)
|
(22)
|
(21)
|
(22)
|
(21)
|
(21)
|
(19)
|
(21)
|
(22)
|
(24)
|
(23)
|
(30)
|
(34)
|
(37)
|
(32)
|
(38)
|
(38)
|
(37)
|
(29)
|
(33)
|
|
Operating Income |
44
N/A
|
44
-1%
|
43
-1%
|
47
+8%
|
51
+9%
|
52
+2%
|
53
+2%
|
51
-2%
|
52
+1%
|
51
-1%
|
51
-2%
|
48
-5%
|
48
+0%
|
50
+3%
|
49
-1%
|
51
+5%
|
51
-1%
|
53
+5%
|
59
+11%
|
63
+6%
|
67
+6%
|
70
+4%
|
70
+0%
|
68
-3%
|
68
+0%
|
72
+6%
|
76
+4%
|
83
+9%
|
89
+7%
|
89
+0%
|
92
+4%
|
95
+4%
|
105
+10%
|
118
+12%
|
127
+7%
|
130
+3%
|
122
-6%
|
111
-9%
|
92
-17%
|
76
-17%
|
64
-17%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Non-Reccuring Items |
4
|
4
|
4
|
4
|
9
|
9
|
10
|
10
|
6
|
7
|
9
|
11
|
10
|
9
|
8
|
6
|
6
|
6
|
6
|
7
|
8
|
7
|
7
|
9
|
9
|
10
|
11
|
11
|
11
|
14
|
15
|
16
|
19
|
18
|
15
|
13
|
14
|
13
|
15
|
14
|
10
|
|
Total Other Income |
0
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
3
|
3
|
4
|
4
|
|
Pre-Tax Income |
49
N/A
|
49
+0%
|
48
-1%
|
52
+7%
|
60
+16%
|
61
+1%
|
62
+1%
|
61
-2%
|
57
-6%
|
58
+1%
|
58
+1%
|
57
-1%
|
57
0%
|
58
+2%
|
56
-3%
|
57
+0%
|
56
0%
|
59
+5%
|
66
+10%
|
71
+8%
|
75
+6%
|
77
+3%
|
78
+2%
|
78
-1%
|
78
N/A
|
83
+6%
|
87
+5%
|
93
+8%
|
99
+6%
|
103
+3%
|
107
+4%
|
112
+5%
|
124
+11%
|
136
+10%
|
142
+4%
|
144
+2%
|
138
-4%
|
127
-8%
|
111
-12%
|
94
-15%
|
77
-18%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(20)
|
(20)
|
(20)
|
(22)
|
(26)
|
(26)
|
(26)
|
(25)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(23)
|
(23)
|
(21)
|
(19)
|
(18)
|
(16)
|
(17)
|
(18)
|
(17)
|
(17)
|
(17)
|
(19)
|
(21)
|
(24)
|
(26)
|
(26)
|
(26)
|
(26)
|
(29)
|
(31)
|
(32)
|
(34)
|
(33)
|
(31)
|
(27)
|
(24)
|
(20)
|
|
Income from Continuing Operations |
28
|
29
|
28
|
30
|
35
|
35
|
36
|
36
|
34
|
34
|
34
|
34
|
33
|
34
|
34
|
34
|
36
|
41
|
48
|
55
|
58
|
60
|
61
|
61
|
61
|
64
|
66
|
70
|
74
|
77
|
80
|
85
|
95
|
105
|
110
|
110
|
105
|
96
|
84
|
70
|
58
|
|
Net Income (Common) |
28
N/A
|
29
+1%
|
28
-1%
|
30
+6%
|
35
+17%
|
35
+1%
|
36
+2%
|
36
-1%
|
34
-5%
|
34
+0%
|
34
N/A
|
34
-1%
|
33
0%
|
34
+2%
|
34
-1%
|
90
+170%
|
92
+2%
|
97
+5%
|
104
+8%
|
55
-47%
|
58
+6%
|
60
+3%
|
61
+2%
|
61
+0%
|
61
+0%
|
64
+5%
|
66
+2%
|
70
+6%
|
74
+6%
|
77
+4%
|
80
+4%
|
85
+6%
|
95
+11%
|
105
+11%
|
110
+4%
|
110
+1%
|
105
-5%
|
96
-9%
|
84
-13%
|
70
-16%
|
58
-18%
|
|
EPS (Diluted) |
0.34
N/A
|
0.34
N/A
|
0.33
-3%
|
0.35
+6%
|
0.41
+17%
|
0.42
+2%
|
0.43
+2%
|
0.42
-2%
|
0.41
-2%
|
0.41
N/A
|
0.41
N/A
|
0.41
N/A
|
0.4
-2%
|
0.41
+2%
|
0.41
N/A
|
1.09
+166%
|
1.11
+2%
|
1.17
+5%
|
1.26
+8%
|
0.67
-47%
|
0.7
+4%
|
0.71
+1%
|
0.73
+3%
|
0.74
+1%
|
0.74
N/A
|
0.78
+5%
|
0.8
+3%
|
0.84
+5%
|
0.9
+7%
|
0.94
+4%
|
0.98
+4%
|
1.02
+4%
|
1.15
+13%
|
1.28
+11%
|
1.34
+5%
|
1.35
+1%
|
1.3
-4%
|
1.18
-9%
|
1.03
-13%
|
0.86
-17%
|
0.71
-17%
|