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Marten Transport, Ltd.

MRTN Industrials Trucking

Marten Transport, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $883.7 million, down 8.31% from fiscal 2024.

Revenue
+1.25%
EPS
+33.3%
Free cash flow
+100,952.6%

Quarter to September 2026, against a year earlier

11.75 0.23 −1.92%
Market cap
$978.3M
P/E
65.3×
Fwd P/E
59.6×
Dividend yield
2.04%
F-score
6/9
Altman Z
5.22
Beneish M
−2.82
Dividend safety
53/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 29.37%

Capital & Financial Ratios $m

Size
Market Cap 978.31
Revenue ttm 860.41
Net income ttm 12.64
Free cash flow ttm 92.67
Net debt Q (91.50)
Valuation
P/E 65.28 (above 35: high)
Forward P/E 59.60 (above 35: high)
Price / sales 1.12
Forward P/S Powerpack
Price / FCF 10.35
Price / book 1.26
Financial health
Current ratio Q 2.21 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 0.00
Growth
Revenue growth Q +1.25% (above 0%: growing)
Operating income growth Q +11.91% (above 0%: growing)
EPS, this year −6.35% (below 0%: weak)
EPS, next year A +162.71% (at or above 15%: strong)
Revenue, next year A +0.71%
EPS, past 5 yrs −24.21% (below 0%: weak)
EPS, next 5 yrs A +50.09% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.0×, against a ten-year median of 1.3×; over the ten years it ranged from 0.9× in 2025 to 1.8× in 2018.
P/E against its own 10 years 94.46%
10-year low 10-year high
P/S against its own 10 years 13.53%
10-year low 10-year high
P/B against its own 10 years 3.70%
10-year low 10-year high
EV/Sales against its own 10 years 8.25%
10-year low 10-year high
EV/FCF against its own 10 years 0.13%
10-year low 10-year high

Dividends

Yield
2.04%
Annual rate
0.24
Payout ratio
133.3%
Growth, 2017–25
+20.7%/yr
  1. 0.05 ’17
  2. 0.07 ’18 +25
  3. 0.06 ’19 −10
  4. 0.13 ’20 +122
  5. 0.12 ’21 −10
  6. 0.24 ’22 +100
  7. 0.24 ’23 +0
  8. 0.24 ’24 +0
  9. 0.24 ’25 +0
  10. 0.24 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 53 17 43 92
Receivables 116 95 99 105
Inventory — — — —
Other — — 5 5
197 139 172 224
2023 2024 2025 Q'26
Payables 37 26 29 36
ST’ Debt — — — —
Other — — — —
110 94 92 101

Compound Annual Growth %

10y 5y 3y
Sales 2.88% 0.21% (11.25%)
Cash Flow (3.14%) (13.19%) (24.76%)
Earnings (6.92%) (24.15%) (45.93%)
Book Value 6.49% 4.35% 2.93%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.06 Actual 0.04

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.03 0.05 Beat by 0.02
Q1 FY26 0.03 0.02 Miss by 0.01
Q2 FY26 0.07 0.07 Met by 0.00
Q3 FY26 0.06 0.04 Miss by 0.02
Q4 FY26 0.07 — Reports 26 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.02 0.07 0.04 — —
’25 0.05 0.09 0.03 0.05 0.21
’24 0.12 0.10 0.05 0.07 0.33
’23 0.28 0.27 0.17 0.15 0.86
’22 0.33 0.39 0.32 0.31 1.35
’21 0.22 0.26 0.26 0.30 1.02
’20 0.17 0.22 0.22 0.24 0.84
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 204 224 223 — —
’25 223 230 220 210 884
’24 250 246 237 230 964
’23 298 286 280 268 1,131
’22 287 330 324 323 1,264
’21 223 232 251 267 974
’20 219 212 216 227 874
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 33 28 — — —
’25 36 33 19 6 93
’24 46 36 29 24 135
’23 49 49 28 38 164
’22 40 59 65 56 219
’21 44 40 45 43 171
’20 43 61 51 35 190
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 31 38 — — —
’25 28 0 24 (2) 51
’24 26 8 (30) (21) (17)
’23 21 (11) (8) (10) (8)
’22 40 23 7 14 85
’21 26 (4) 4 22 48
’20 7 38 16 22 83
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 671 698 788 843 874 974 1,264 1,131 964 884 860 +3.1% 890 966 1,066 +6.5%
Gross margin, % 69.49 67.95 66.20 66.76 71.09 66.67 62.94 66.44 67.18 67.28 64.44 (2.2) pt
EBT 57 56 71 78 93 112 144 94 36 24 19 (9.0%)
EBT margin, % 8.50 8.09 9.02 9.21 10.68 11.48 11.41 8.30 3.77 2.76 2.17 (5.7) pt
Net income 33 90 55 61 70 85 110 70 27 17 13 (7.0%)
Per share, $
Per share, $ Revenue 8.26 8.54 9.62 10.29 10.60 11.75 15.47 13.92 11.84 10.84 10.54 +3.1%
Earnings 0.41 1.11 0.67 0.75 0.84 1.03 1.35 0.87 0.33 0.21 0.18 (7.2%)
Cash flow 1.65 1.49 1.88 1.91 2.30 2.07 2.69 2.02 1.66 1.15 0.00 (3.9%)
Capex (1.20) (1.17) (1.28) (1.73) (1.29) (1.49) (1.65) (2.12) (1.87) (0.53) 0.00 (8.7%)
Free cash flow 0.45 0.33 0.60 0.18 1.01 0.57 1.04 (0.10) (0.21) 0.62 0.00 +3.7%
Book value 5.38 6.43 7.03 7.29 7.52 7.86 8.62 9.32 9.43 9.42 9.36 +6.4%
Shares, m 81 82 82 82 83 83 82 81 81 82 82 0.0%
Valuation, ×
Valuation, × P/E 23.19 12.57 16.02 19.19 20.35 16.50 14.50 23.60 45.91 51.73 65.28 24.4
P/S 1.15 1.62 1.12 1.39 1.63 1.46 1.26 1.47 1.32 1.05 1.12 1.3
P/B 1.76 2.15 1.53 1.97 2.29 2.18 2.27 2.20 1.65 1.21 1.26 1.9
EV/Sales 1.16 1.61 1.06 1.36 1.56 1.41 1.21 1.43 1.31 1.01 1.02 1.3
EV/FCF 21.23 42.19 16.91 77.71 16.37 28.90 18.04 (199.97) (73.02) 17.61 9.45 (3.4)
Cash, $m
Cash, $m Operating cash flow 134 122 154 156 190 171 219 164 135 93 85 (3.9%)
Capex (97) (95) (105) (142) (106) (124) (135) (172) (152) (43) 8 (8.7%)
Free cash flow 37 27 49 15 83 48 85 (8) (17) 51 93 +3.7%
Balance, $m
Balance, $m Working capital 33 52 92 78 86 93 112 86 45 79 123 +10.3%
Net debt 7 (16) (57) (31) (66) (57) (81) (53) (17) (43) (92) n/m
Shareholders’ equity 437 526 576 598 620 652 704 757 768 768 764 +6.5%
Returns, %
Returns, % ROA 5.21 13.43 7.62 7.88 8.54 10.04 12.02 7.20 2.75 1.82 1.38 (3.4) pt
ROIC 8.19 6.97 8.47 8.45 10.52 11.74 14.37 8.00 2.77 1.98 1.50 (6.2) pt
ROE 7.90 18.75 9.99 10.41 11.41 13.43 16.28 9.63 3.53 2.27 1.74 (5.6) pt
People
People Employees 3,622 3,492 3,589 4,087 4,162 4,007 4,575 4,213 3,776 3,502 — (0.4%)
Revenue/emp, $m 0.19 0.20 0.22 0.21 0.21 0.24 0.28 0.27 0.26 0.25 — +3.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Marten Transport, Ltd. vs peers in Trucking (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SNDR Schneider National, Inc. $5.0B 34.3× 28.4× +9.15% (above 0%: growing) +156.73% (above 0%: growing) +5.52% (above 0%: growing) 52.35% 3.92% Compare
RXO RXO INC $4.6B — (loss-making) — (loss-making) +31.67% (above 0%: growing) n/m +33.33% (above 0%: growing) 14.70% 0.91% Compare
ARCB ArcBest Corporation $3.0B 99.5× 35.1× +15.49% (above 0%: growing) +33.79% (above 0%: growing) +77.41% (above 0%: growing) 6.06% 6.06% Compare
WERN Werner Enterprises, Inc. $1.7B — (loss-making) 70.4× +23.20% (above 0%: growing) n/m +581.60% (above 0%: growing) 50.52% 1.79% Compare
MRTN Marten Transport, Ltd. $978.3M 65.3× 59.6× +1.25% (above 0%: growing) +33.33% (above 0%: growing) +100,952.63% (above 0%: growing) 60.93% 1.37%
CVLG Covenant Logistics Group, Inc. $821.5M 150× 20.2× +19.20% (above 0%: growing) +16.67% (above 0%: growing) +44.09% (above 0%: growing) 0.00% 3.53% Compare
HTLD Heartland Express, Inc. $784.9M — (loss-making) 88.0× −8.67% (below 0%: shrinking) n/m +144.91% (above 0%: growing) 27.63% 8.99% Compare
ULH Universal Logistics Holdings, Inc. $777.1M — (loss-making) 16.9× −3.67% (below 0%: shrinking) +209.37% (above 0%: growing) +220.86% (above 0%: growing) 37.71% 11.90% Compare
PAMT PAMT Corp. $274.4M — (loss-making) — (loss-making) +8.17% (above 0%: growing) n/m −64.07% (below 0%: shrinking) 0.00% (3.09%) Compare
Median of peers $1.3B 99.5× 31.8× +12.32% +95.26% +60.75% 21.17% 3.73%

All 18 Trucking stocks →

Pay and ownership Proxy statement filed 17 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2021 1.63m — 107.33

Ownership

Directors and executive officers, together 22.60%
Mondovi, WI 21.70%
New York, NY 11.30%
Kansas City, MO 7.70%
Mulberry, TN 6.40%
Austin, TX 6.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Marten Transport, Ltd. (MRTN) Latest News

29 Oct

Impact 3 · · Zacks

24 Oct

Impact 4 · · FreightWaves
Impact 3 · · Simply Wall St.

23 Oct

Impact 4 · · GlobeNewswireMT NewswiresMT NewswiresGuruFocus.comZacksMT NewswiresGuruFocus.comFreightWaves
Impact 3 · · FreightWaves
Impact 3 · · Zacks

22 Oct

Impact 3 · · Zacks
Impact 3 · · GlobeNewswire earnings

18 Sep

Impact 3 ·

28 Jul

Impact 3 ·

24 Jul

Impact 3 ·

23 Jul

Impact 3 ·

11 May

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

23 Apr

Impact 3 · · FreightWaves
Impact 3 · · Zacks
Impact 3 · · GlobeNewswire

2 Feb

Impact 4 · · Simply Wall St.

28 Jan

Impact 3 · · FreightWaves

27 Jan

Impact 4 · · Zacks
Impact 4 · · GlobeNewswire

11 Jan

Impact 3 · · Simply Wall St.

15 Dec

Impact 3 · · Simply Wall St.

17 Nov

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

1 Nov

Impact 3 · · Simply Wall St.

21 Oct

Impact 3 · · ZacksZacksZacksZacksZacksZacksZacksZacks

8 Oct

Impact 3 · · Simply Wall St.

30 Sep

Impact 4 · · GlobeNewswireStockStoryInsider Monkey
Impact 3 · · GlobeNewswire

11 Sep

Impact 4 ·
stockrow.com/MRTN · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com