8-K Announcements
6Apr 23, 2026·SEC
Jan 27, 2026·SEC
Oct 23, 2025·SEC
Marten Transport, Ltd. (MRTN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Marten Transport, Ltd. (MRTN) stock price & volume — 10-year historical chart
Marten Transport, Ltd. (MRTN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Marten Transport, Ltd. (MRTN) EPS & revenue vs analyst estimates — last 4 quarters
| 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% |
Marten Transport, Ltd. (MRTN) competitors in Truckload and Specialized Carriers — business model, growth, and fundamentals comparison
Marten Transport, Ltd. (MRTN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Marten Transport, Ltd. (MRTN) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 698.12M | 787.59M | 843.27M | 874.37M | 973.64M | 1.26B | 1.13B | 963.71M | 883.65M |
Revenue Growth % | 4.02% | 12.82% | 7.07% | 3.69% | 11.35% | 29.81% | -10.48% | -14.83% | -8.31% |
Cost of Goods Sold | 576.56M | 647.73M | 696.32M | 703.61M | 790.49M | 1.03B | 942.72M | 833.01M | 833.16M |
COGS % of Revenue | 82.59% | 82.24% | 82.57% | 80.47% | 81.19% | 81.13% | 83.32% | 86.44% | 94.29% |
Gross Profit | 121.56M▲ 0% | 139.87M▲ 15.1% | 146.95M▲ 5.1% | 170.76M▲ 16.2% | 183.15M▲ 7.3% | 238.5M▲ 30.2% | 188.73M▼ 20.9% | 130.7M▼ 30.7% | 50.49M▼ 61.4% |
Gross Margin % | 17.41% | 17.76% | 17.43% | 19.53% | 18.81% | 18.87% | 16.68% | 13.56% | 5.71% |
Gross Profit Growth % | 5.55% | 15.06% | 5.07% | 16.2% | 7.25% | 30.22% | -20.87% | -30.75% | -61.37% |
Operating Expenses | 64.69M | 69.52M | 70.45M | 77.52M | 71.46M | 95.15M | 98.62M | 97.48M | 39.64M |
OpEx % of Revenue | 9.27% | 8.83% | 8.35% | 8.87% | 7.34% | 7.53% | 8.72% | 10.12% | 4.49% |
Selling, General & Admin | 44.63M | 45.29M | 45.91M | 55.47M | 50.34M | 59.69M | 66.16M | 62.14M | 8.75M |
SG&A % of Revenue | 6.39% | 5.75% | 5.44% | 6.34% | 5.17% | 4.72% | 5.85% | 6.45% | 0.99% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 20.06M | 24.23M | 24.54M | 22.05M | 21.13M | 35.46M | 32.46M | 35.34M | 30.89M |
Operating Income | 56.86M▲ 0% | 70.35M▲ 23.7% | 76.5M▲ 8.7% | 93.25M▲ 21.9% | 111.69M▲ 19.8% | 143.34M▲ 28.3% | 90.11M▼ 37.1% | 33.22M▼ 63.1% | 10.85M▼ 67.4% |
Operating Margin % | 8.14% | 8.93% | 9.07% | 10.66% | 11.47% | 11.34% | 7.96% | 3.45% | 1.23% |
Operating Income Growth % | -2.47% | 23.72% | 8.74% | 21.89% | 19.78% | 28.34% | -37.14% | -63.13% | -67.35% |
EBITDA | 141.98M | 158.93M | 171.63M | 196.14M | 214.25M | 254.36M | 206.83M | 144.87M | 116.24M |
EBITDA Margin % | 20.34% | 20.18% | 20.35% | 22.43% | 22.01% | 20.13% | 18.28% | 15.03% | 13.15% |
EBITDA Growth % | 0.88% | 11.94% | 7.99% | 14.28% | 9.23% | 18.72% | -18.68% | -29.96% | -19.77% |
D&A (Non-Cash Add-back) | 85.12M | 88.58M | 95.14M | 102.89M | 102.56M | 111.01M | 116.72M | 111.65M | 105.39M |
EBIT | 51.36M | 63.1M | 67.82M | 82.8M | 95.39M | 129.97M | 76.5M | 28.25M | 24.38M |
Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Income/Expense | -389K | 681K | 1.19M | 140K | 43K | 827K | 3.81M | 3.13M | 13.53M |
Pretax Income | 56.47M▲ 0% | 71.03M▲ 25.8% | 77.69M▲ 9.4% | 93.39M▲ 20.2% | 111.73M▲ 19.6% | 144.17M▲ 29.0% | 93.92M▼ 34.9% | 36.35M▼ 61.3% | 24.38M▼ 32.9% |
Pretax Margin % | 8.09% | 9.02% | 9.21% | 10.68% | 11.48% | 11.41% | 8.3% | 3.77% | 2.76% |
Income Tax | -33.81M | 16M | 16.62M | 23.89M | 26.3M | 33.82M | 23.54M | 9.42M | 6.93M |
Effective Tax Rate % | -59.87% | 22.53% | 21.39% | 25.58% | 23.54% | 23.46% | 25.07% | 25.93% | 28.44% |
Net Income | 90.28M▲ 0% | 55.03M▼ 39.1% | 61.07M▲ 11.0% | 69.5M▲ 13.8% | 85.43M▲ 22.9% | 110.35M▲ 29.2% | 70.37M▼ 36.2% | 26.92M▼ 61.7% | 17.44M▼ 35.2% |
Net Margin % | 12.93% | 6.99% | 7.24% | 7.95% | 8.77% | 8.73% | 6.22% | 2.79% | 1.97% |
Net Income Growth % | 169.79% | -39.05% | 10.98% | 13.8% | 22.92% | 29.18% | -36.23% | -61.74% | -35.21% |
Net Income (Continuing) | 90.28M | 55.03M | 61.07M | 69.5M | 85.43M | 110.35M | 70.37M | 26.92M | 17.44M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 1.10▲ 0% | 0.67▼ 39.1% | 0.74▲ 10.4% | 0.84▲ 13.5% | 1.02▲ 21.4% | 1.35▲ 32.4% | 0.86▼ 36.3% | 0.33▼ 61.6% | 0.21▼ 36.4% |
EPS Growth % | 168.29% | -39.09% | 10.45% | 13.51% | 21.43% | 32.35% | -36.3% | -61.63% | -36.36% |
EPS (Basic) | 1.11 | 0.67 | 0.75 | 0.84 | 1.03 | 1.35 | 0.87 | 0.33 | 0.21 |
Diluted Shares Outstanding | 82.28M | 82.72M | 82.67M | 83.16M | 83.41M | 81.96M | 81.41M | 81.47M | 81.52M |
Basic Shares Outstanding | 81.74M | 81.89M | 81.94M | 82.53M | 82.87M | 81.69M | 81.27M | 81.41M | 81.51M |
Dividend Payout Ratio | 4.83% | 9.92% | 68.92% | 75.35% | 64.07% | 17.73% | 27.72% | 72.58% | 84.1% |
Marten Transport, Ltd. (MRTN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 116.62M | 163.53M | 154.17M | 175.66M | 186.95M | 235.84M | 196.58M | 138.51M | 171.7M |
Cash & Short-Term Investments | 15.79M | 56.76M | 31.46M | 66.13M | 56.99M | 80.6M | 53.21M | 17.27M | 43.28M |
Cash Only | 15.79M | 56.76M | 31.46M | 66.13M | 56.99M | 80.6M | 53.21M | 17.27M | 43.28M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 81.02M | 84.86M | 103.5M | 89.17M | 108.22M | 130.67M | 117.96M | 96.94M | 98.89M |
Days Sales Outstanding | 42.36 | 39.33 | 44.8 | 37.22 | 40.57 | 37.74 | 38.05 | 36.72 | 40.85 |
Inventory | 4.32M | 3.53M | 3.39M | 3.37M | 4.38M | 5.43M | 6.29M | 5.69M | 0 |
Days Inventory Outstanding | 2.74 | 1.99 | 1.78 | 1.75 | 2.02 | 1.93 | 2.43 | 2.49 | - |
Other Current Assets | 2.79M | 11.79M | 3.17M | 3.1M | 3.5M | 3.73M | 3.97M | 2.84M | 29.53M |
Total Non-Current Assets | 573.78M | 590.38M | 653.93M | 669.8M | 697.31M | 744.68M | 793.76M | 830.25M | 778.07M |
Property, Plant & Equipment | 571.92M | 588.23M | 641.57M | 655.09M | 682.82M | 728.88M | 792.75M | 828.61M | 776.51M |
Fixed Asset Turnover | 1.22x | 1.34x | 1.31x | 1.33x | 1.43x | 1.73x | 1.43x | 1.16x | 1.14x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | -7.38M | -103.83M | 848K | 887K | 924K | 962K | 1.01M | 1.63M | 1.56M |
Total Assets | 690.4M▲ 0% | 753.9M▲ 9.2% | 808.1M▲ 7.2% | 845.45M▲ 4.6% | 884.26M▲ 4.6% | 980.52M▲ 10.9% | 990.34M▲ 1.0% | 968.76M▼ 2.2% | 949.77M▼ 2.0% |
Asset Turnover | 1.01x | 1.04x | 1.04x | 1.03x | 1.10x | 1.29x | 1.14x | 0.99x | 0.93x |
Asset Growth % | 5.61% | 9.2% | 7.19% | 4.62% | 4.59% | 10.89% | 1% | -2.18% | -1.96% |
Total Current Liabilities | 64.28M | 71.97M | 76.33M | 89.79M | 93.56M | 124.31M | 110.24M | 93.52M | 92.23M |
Accounts Payable | 16.48M | 15.7M | 22.92M | 25.7M | 20.15M | 37.3M | 36.52M | 25.78M | 28.77M |
Days Payables Outstanding | 10.43 | 8.85 | 12.01 | 13.33 | 9.3 | 13.28 | 14.14 | 11.3 | 12.6 |
Short-Term Debt | 0 | 0 | 529K | 507K | 249K | 301K | 0 | 0 | 0 |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 0 | 40.88M | 48.27M | 52.9M | 72.28M | -268K | -296K | 63.46M |
Current Ratio | 1.81x | 2.27x | 2.02x | 1.96x | 2.00x | 1.90x | 1.78x | 1.48x | 1.86x |
Quick Ratio | 1.75x | 2.22x | 1.98x | 1.92x | 1.95x | 1.85x | 1.73x | 1.42x | 1.86x |
Cash Conversion Cycle | 34.66 | 32.46 | 34.56 | 25.64 | 33.28 | 26.39 | 26.35 | 27.91 | - |
Total Non-Current Liabilities | 100.63M | 105.98M | 134.19M | 135.33M | 139.03M | 152.29M | 122.71M | 107.32M | 89.91M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 194K |
Capital Lease Obligations | 0 | 0 | 649K | 411K | 291K | 409K | 249K | 282K | 194K |
Deferred Tax Liabilities | 100.63M | 105.98M | 133.54M | 134.92M | 138.74M | 151.88M | 122.46M | 107.03M | 89.72M |
Other Non-Current Liabilities | 0 | 0 | 0 | 0 | -291K | -409K | -249K | -282K | -194K |
Total Liabilities | 164.9M | 177.95M | 210.51M | 225.12M | 232.59M | 276.6M | 232.95M | 200.84M | 182.14M |
Total Debt | 0 | 0 | 1.18M | 918K | 540K | 710K | 249K | 282K | 388K |
Net Debt | -15.79M | -56.76M | -30.28M | -65.21M | -56.45M | -79.89M | -52.96M | -16.98M | -42.89M |
Debt / Equity | - | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
Debt / EBITDA | - | - | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
Net Debt / EBITDA | -0.11x | -0.36x | -0.18x | -0.33x | -0.26x | -0.31x | -0.26x | -0.12x | -0.37x |
Interest Coverage | - | - | - | - | - | - | - | - | - |
Total Equity | 525.5M▲ 0% | 575.95M▲ 9.6% | 597.59M▲ 3.8% | 620.33M▲ 3.8% | 651.68M▲ 5.1% | 703.92M▲ 8.0% | 757.39M▲ 7.6% | 767.92M▲ 1.4% | 767.63M▼ 0.0% |
Equity Growth % | 20.16% | 9.6% | 3.76% | 3.81% | 5.05% | 8.02% | 7.6% | 1.39% | -0.04% |
Book Value per Share | 6.39 | 6.96 | 7.23 | 7.46 | 7.81 | 8.59 | 9.30 | 9.43 | 9.42 |
Total Shareholders' Equity | 525.5M | 575.95M | 597.59M | 620.33M | 651.68M | 703.92M | 757.39M | 767.92M | 767.63M |
Common Stock | 545K | 545K | 547K | 827K | 830K | 811K | 813K | 815K | 815K |
Retained Earnings | 448.54M | 498.6M | 517.58M | 534.44M | 565.13M | 655.92M | 706.78M | 714.17M | 712.05M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | -228.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Marten Transport, Ltd. (MRTN) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 121.88M | 150.62M | 156.46M | 189.6M | 171.2M | 219.49M | 164.38M | 134.81M | 93.49M |
Operating CF Margin % | 17.46% | 19.12% | 18.55% | 21.68% | 17.58% | 17.37% | 14.53% | 13.99% | 10.58% |
Operating CF Growth % | -8.75% | 23.58% | 3.88% | 21.18% | -9.7% | 28.2% | -25.11% | -17.99% | -30.65% |
Net Income | 90.28M | 55.03M | 61.07M | 69.5M | 85.43M | 110.35M | 70.37M | 26.92M | 17.44M |
Depreciation & Amortization | 85.12M | 88.58M | 95.14M | 102.89M | 102.56M | 111.01M | 116.72M | 111.65M | 105.39M |
Stock-Based Compensation | 1.25M | 3.32M | 1.82M | 1.85M | 2.52M | 2.81M | 2.32M | 2.24M | 1.86M |
Deferred Taxes | -47.23M | 5.35M | 16.05M | -924K | 4.07M | 11.88M | -14.58M | -15.43M | -17.32M |
Other Non-Cash Items | -4.83M | -7.03M | -1.66M | -3.88M | -9.86M | -6.78M | -6.44M | 1.92M | -5.67M |
Working Capital Changes | -2.72M | 5.36M | -15.95M | 20.15M | -13.51M | -9.8M | -4.02M | 7.51M | -8.22M |
Change in Receivables | -5.97M | -8.13M | -13.64M | -13.64M | -16.75M | -23.55M | 12.75M | 19.83M | -661K |
Change in Inventory | -49.1M | 8.13M | 0 | 13.64M | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 11K | 1.8M | 5.26M | 883K | -823K | 11.89M | -3.62M | -2.44M | -1.5M |
Cash from Investing | -95.32M | -101.27M | -140.51M | -106.33M | -123.73M | -134.96M | -172.54M | -152.14M | -42.88M |
Capital Expenditures | -156.55M | -168.52M | -189.4M | -173.05M | -199.29M | -176.62M | -240.56M | -233.23M | -144.55M |
CapEx % of Revenue | 22.42% | 21.4% | 22.46% | 19.79% | 20.47% | 13.97% | 21.26% | 24.2% | 16.36% |
Acquisitions | 61.27M | 0 | 1.17M | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - |
Other Investing | 61.23M | 67.25M | 47.73M | 66.73M | 75.56M | 41.66M | 68.02M | 81.09M | 101.68M |
Cash from Financing | -11.26M | -8.38M | -41.25M | -48.61M | -56.6M | -60.93M | -19.23M | -18.62M | -19.6M |
Debt Issued (Net) | -7.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Equity Issued (Net) | -101K | -3.86M | 0 | -1.03M | 876K | -41.75M | 1.21M | 1.3M | 9K |
Dividends Paid | -4.36M | -5.46M | -42.09M | -52.37M | -54.73M | -19.56M | -19.51M | -19.54M | -14.67M |
Share Repurchases | -101K | -3.76M | 0 | -597K | 0 | -41.75M | 0 | 0 | 0 |
Other Financing | 1.09M | 938K | 836K | 4.79M | -2.74M | 390K | -926K | -382K | -4.94M |
Net Change in Cash | 15.3M▲ 0% | 40.97M▲ 167.7% | -25.3M▼ 161.8% | 34.67M▲ 237.0% | -9.13M▼ 126.3% | 23.61M▲ 358.5% | -27.39M▼ 216.0% | -35.95M▼ 31.3% | 31.01M▲ 186.3% |
Free Cash Flow | -34.67M▲ 0% | -17.9M▲ 48.4% | -32.94M▼ 84.0% | 16.55M▲ 150.2% | -28.09M▼ 269.8% | 42.87M▲ 252.6% | -76.18M▼ 277.7% | -98.42M▼ 29.2% | -51.06M▲ 48.1% |
FCF Margin % | -4.97% | -2.27% | -3.91% | 1.89% | -2.89% | 3.39% | -6.73% | -10.21% | -5.78% |
FCF Growth % | -20.44% | 48.37% | -84.05% | 150.23% | -269.77% | 252.6% | -277.71% | -29.19% | 48.11% |
FCF per Share | -0.42 | -0.22 | -0.40 | 0.20 | -0.34 | 0.52 | -0.94 | -1.21 | -0.63 |
FCF Conversion (FCF/Net Income) | 1.35x | 2.74x | 2.56x | 2.73x | 2.00x | 1.99x | 2.34x | 5.01x | 5.36x |
Interest Paid | 151K | 50K | 52K | 0 | 0 | 65K | 10K | 0 | 0 |
Taxes Paid | 14.36M | 9.53M | 4.95M | 17.98M | 21.72M | 23.65M | 36.98M | 19.17M | 27.02M |
Marten Transport, Ltd. (MRTN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 7.9% | 18.75% | 9.99% | 10.41% | 11.41% | 13.43% | 16.28% | 9.63% | 3.53% | 2.27% |
Return on Invested Capital (ROIC) | 9.81% | 8.94% | 10.26% | 10.56% | 12.46% | 14.56% | 17.64% | 10.17% | 3.42% | 1.1% |
Gross Margin | 17.16% | 17.41% | 17.76% | 17.43% | 19.53% | 18.81% | 18.87% | 16.68% | 13.56% | 5.71% |
Net Margin | 4.99% | 12.93% | 6.99% | 7.24% | 7.95% | 8.77% | 8.73% | 6.22% | 2.79% | 1.97% |
Debt / Equity | 0.02x | - | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
FCF Conversion | 3.99x | 1.35x | 2.74x | 2.56x | 2.73x | 2.00x | 1.99x | 2.34x | 5.01x | 5.36x |
Revenue Growth | 0.92% | 4.02% | 12.82% | 7.07% | 3.69% | 11.35% | 29.81% | -10.48% | -14.83% | -8.31% |
Marten Transport, Ltd. (MRTN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 23, 2026·SEC
Jan 27, 2026·SEC
Oct 23, 2025·SEC
Marten Transport, Ltd. (MRTN) stock FAQ — growth, dividends, profitability & financials explained
Marten Transport, Ltd. (MRTN) reported $883.7M in revenue for fiscal year 2025. This represents a 505% increase from $146.2M in 1996.
Marten Transport, Ltd. (MRTN) saw revenue decline by 8.3% over the past year.
Yes, Marten Transport, Ltd. (MRTN) is profitable, generating $17.4M in net income for fiscal year 2025 (2.0% net margin).
Yes, Marten Transport, Ltd. (MRTN) pays a dividend with a yield of 1.07%. This makes it attractive for income-focused investors.
Marten Transport, Ltd. (MRTN) has a return on equity (ROE) of 2.3%. This is below average, suggesting room for improvement.
Marten Transport, Ltd. (MRTN) had negative free cash flow of $51.1M in fiscal year 2025, likely due to heavy capital investments.