8-K Announcements
6Material company update
Jun 18, 2026·SEC
Material company update
May 11, 2026·SEC
Material company update
Apr 23, 2026·SEC
Marten Transport, Ltd.(MRTN)Earnings, Financials & Key Ratios
MRTN•NASDAQ
$17.24
82.1× P/E·Price updated Jul 7, 2026
AboutMarten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Intermodal segment transports customers' freight utilizing its refrigerated containers and temperature-controlled trailers on railroad flatcars for portions of trips, as well as using tractors and contracted carriers. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2021, the company operated a fleet of 3,204 tractors, including 3,111 company-owned tractors and 93 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.Show more
- Revenue$884M-8.3%
- EBITDA$116M-19.8%
- Net Income$17M-35.2%
- EPS (Diluted)0.21-36.4%
- Gross Margin5.71%-57.9%
- EBITDA Margin13.15%-12.5%
- Operating Margin1.23%-64.4%
- Net Margin1.97%-29.3%
- ROE2.27%-35.6%
MRTN Price & Volume
Marten Transport, Ltd. (MRTN) stock price & volume — 10-year historical chart
Loading chart...
Persistent Revenue Contraction Challenges Operational Margin Stability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Fortress
Cash Flow:Deteriorating
Primary Risk:Freight market volume contraction
Key Thesis Takeaways
- Marten Transport faces a challenging environment characterized by sustained top-line contraction, with revenue growth declining to -8.8% in 2026Q1.
- While the company maintains a fortress balance sheet with a 0.00 debt-to-equity ratio, its heavy reliance on specialized refrigerated assets requires significant capital intensity, which has historically pressured free cash flow.
- Investors should monitor whether the company can stabilize its operating margins, which compressed to a marginal 0.1% in 2026Q1, amidst ongoing volatility in the North American freight market.
Verdict Logic
the company's inability to scale operating income, evidenced by a 0.1% operating margin in 2026Q1, suggests that the current valuation of 83.19x P/E is difficult to justify in a contracting freight environment.
MRTN Growth Metrics
Marten Transport, Ltd. (MRTN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.88%
5 Years0.21%
3 Years-11.25%
TTM-7.81%
Profit CAGR
10 Years-6.92%
5 Years-24.15%
3 Years-45.93%
TTM-32.95%
EPS CAGR
10 Years-6.7%
5 Years-24.21%
3 Years-46.22%
TTM-32.97%
Return on Capital
10 Years10.06%
5 Years9.45%
3 Years5.14%
Last Year1.25%
MRTN Recent Earnings
Marten Transport, Ltd. (MRTN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.02-33.3%
$0.03
Rev
$204M-4.1%
$212M
Q1 2026
Jan 27, 2026Metric
Actual
Est
EPS
$0.05+66.7%
$0.03
Rev
$210M+1.9%
$206M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.03-25.0%
$0.04
Rev
$342M+64.9%
$207M
Q3 2025
Jul 16, 2025Metric
Actual
Est
EPS
$0.09+0.0%
$0.09
Rev
$230M-0.5%
$231M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.02vs $0.03-33.3% | $204Mvs $212M-4.1% |
| Q1 2026 | Jan 27, 2026 | $0.05vs $0.03+66.7% | $210Mvs $206M+1.9% |
| Q4 2025 | Oct 23, 2025 | $0.03vs $0.04-25.0% | $342Mvs $207M+64.9% |
| Q3 2025 | Jul 16, 2025 | $0.09vs $0.09+0.0% | $230Mvs $231M-0.5% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Marten Transport, Ltd. (MRTN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $17.24 | $1.41B | 82.10 | -8.31% | 1.97% | 2.27% | 1.04% | |
| $43.32 | $2.6B | -180.50 | -1.84% | -0.28% | -0.61% | — | |
| $14.89 | $1.15B | -22.22 | -23.08% | -5.69% | -5.66% | — | |
| $35.77 | $6.27B | 60.63 | 7.25% | 1.73% | 3.24% | — | |
| $74.34 | $12.08B | 181.32 | 0.8% | 0.45% | 0.48% | — | |
| $275.00 | $25.93B | 44.93 | -0.73% | 5.13% | 17.3% | — |
Compare MRTN vs Peers
Marten Transport, Ltd. (MRTN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MRTN SEC Filings & Documents
Marten Transport, Ltd. (MRTN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when MRTN posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
MRTN Frequently Asked Questions
Marten Transport, Ltd. (MRTN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Marten Transport, Ltd.'s revenue?
Marten Transport, Ltd. (MRTN) reported $864.0M in revenue for fiscal year 2025. This represents a 491% increase from $146.2M in 1996.
How fast is Marten Transport, Ltd. growing?
Marten Transport, Ltd. (MRTN) saw revenue decline by 8.3% over the past year.
Is MRTN profitable?
Yes, Marten Transport, Ltd. (MRTN) is profitable, generating $14.5M in net income for fiscal year 2025 (2.0% net margin).
Dividend & Returns
Does MRTN pay dividends?
Yes, Marten Transport, Ltd. (MRTN) pays a dividend with a yield of 1.04%. This makes it attractive for income-focused investors.
What is MRTN's return on equity?
Marten Transport, Ltd. (MRTN) has a return on equity (ROE) of 2.3%. This is below average, suggesting room for improvement.
What is Marten Transport, Ltd.'s free cash flow?
Marten Transport, Ltd. (MRTN) had negative free cash flow of $47.3M in fiscal year 2025, likely due to heavy capital investments.