Saturday 17 October 2026 Export MRTN’s income statement to Excel — free account

Marten Transport, Ltd.

Marten Transport, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $883.7 million, down 8.31% from fiscal 2024. In the quarter to June 2026, revenue fell 2.77%, EPS fell 22.2% and free cash flow grew 100,952.6%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

12.84 0.05 −0.39%

Follow MRTN

Alert me

Market cap: $1.1B
P/E: 75.5×
Fwd P/E: 59.2×
Dividend yield: 1.87%
F-score: 6/9
Altman Z: 5.22
Beneish M: −2.82
Dividend safety: 53/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 29.34%

Capital & Financial Ratios $m

Market Cap 1,050.00

Revenue 857.65

Net Income 12.64

Free Cash Flow 92.67

Net Debt (103.98)

Current Ratio 2.50

Debt/Equity 0.00

P/E ratio 75.53

Fwd P/E 59.20

P/S ratio 1.22

P/B ratio 1.37

Past 5Y EPS Growth (24.21%)

This Y EPS Growth 25.40%

Next Y EPS Growth 134.18%

Next Y revenue growth 1.39%

Next 5Y EPS Growth 56.18%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 95.61%

10-year low 10-year high

P/S against its own 10 years 25.18%

10-year low 10-year high

P/B against its own 10 years 7.04%

10-year low 10-year high

EV/Sales against its own 10 years 15.81%

10-year low 10-year high

EV/FCF against its own 10 years 0.53%

10-year low 10-year high

Dividends

Payout Ratio 1.41

Annual Dividend Rate 0.24

Annual Dividend Yield 1.87%

	total	individual payouts
2027	Powerpack
2026	0.24	0.06 0.06 0.06
2025	0.24	0.06 0.06 0.06 0.06
2024	0.24	0.06 0.06 0.06 0.06
2023	0.24	0.06 0.06 0.06 0.06
2022	0.24	0.06 0.06 0.06 0.06
2021	0.12	0.04 0.04 0.50 0.04
2020	0.13	0.03 0.03 0.04 0.04
2019	0.06	0.02 0.02 0.43 0.02
2018	0.07	0.02 0.02 0.02 0.02
2017	0.05	0.01 0.01 0.02 0.02
2016	0.04	0.01 0.01 0.01 0.01

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	53	17	43	104
Receivables	116	95	99	104
Inventory	—	—	—	—
Other	—	—	5	5
	197	139	172	238

	2023	2024	2025	Q'26
Payables	37	26	29	28
ST’ Debt	—	—	—	—
Other	—	—	—	—
	110	94	92	95

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	204	224	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.02	0.07	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.20	8.54	10.26	10.59	10.67	14.72	15.76	17.34	15.33	9.35	Analyst estimates 2026–2028 Powerpack
	High	10.82	14.10	19.73	15.20	20.13	18.32	23.43	23.38	21.08	16.95
People
People	Employees	3,622	3,492	3,589	4,087	4,162	4,007	4,575	4,213	3,776	3,502
	Revenue/emp, $m	0.19	0.20	0.22	0.21	0.21	0.24	0.28	0.27	0.26	0.25
Income, $m
Income, $m	Revenue	671	698	788	843	874	974	1,264	1,131	964	884
	Gross margin, %	69.49	67.95	66.20	66.76	71.09	66.67	62.94	66.44	67.18	67.28
	EBT	57	56	71	78	93	112	144	94	36	24
	EBT margin, %	8.50	8.09	9.02	9.21	10.68	11.48	11.41	8.30	3.77	2.76
	Net income	33	90	55	61	70	85	110	70	27	17
	Depreciation	82	85	89	95	103	103	111	117	112	105
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
	Earnings	0.41	1.11	0.67	0.75	0.84	1.03	1.35	0.87	0.33	0.21
	Cash flow	1.65	1.49	1.88	1.91	2.30	2.07	2.69	2.02	1.66	1.15
	Capex	(1.20)	(1.17)	(1.28)	(1.73)	(1.29)	(1.49)	(1.65)	(2.12)	(1.87)	(0.53)
	Free cash flow	0.45	0.33	0.60	0.18	1.01	0.57	1.04	(0.10)	(0.21)	0.62
	Book value	5.38	6.43	7.03	7.29	7.52	7.86	8.62	9.32	9.43	9.42
	Shares, m	81	82	82	82	83	83	82	81	81	82
Valuation, ×
Valuation, ×	P/E	23.19	12.57	16.02	19.19	20.35	16.50	14.50	23.60	45.91	51.73
	P/S	1.15	1.62	1.12	1.39	1.63	1.46	1.26	1.47	1.32	1.05
	P/B	1.76	2.15	1.53	1.97	2.29	2.18	2.27	2.20	1.65	1.21
	EV/Sales	1.16	1.61	1.06	1.36	1.56	1.41	1.21	1.43	1.31	1.01
	EV/FCF	21.23	42.19	16.91	77.71	16.37	28.90	18.04	(199.97)	(73.02)	17.61
Cash, $m
Cash, $m	Operating cash flow	134	122	154	156	190	171	219	164	135	93
	Capex	(97)	(95)	(105)	(142)	(106)	(124)	(135)	(172)	(152)	(43)
	Free cash flow	37	27	49	15	83	48	85	(8)	(17)	51
Balance, $m
Balance, $m	Working capital	33	52	92	78	86	93	112	86	45	79
	Total debt	8	—	—	1	0	0	0	—	—	—
	Net debt	7	(16)	(57)	(31)	(66)	(57)	(81)	(53)	(17)	(43)
	Shareholders’ equity	437	526	576	598	620	652	704	757	768	768
Returns, %
Returns, %	ROA	5.21	13.43	7.62	7.88	8.54	10.04	12.02	7.20	2.75	1.82
	ROIC	8.19	6.97	8.47	8.45	10.52	11.74	14.37	8.00	2.77	1.98
	ROE	7.90	18.75	9.99	10.41	11.41	13.43	16.28	9.63	3.53	2.27

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$5.5B	49.2×	41.6×	+10.43% (above 0%: growing)	+33.33% (above 0%: growing)	−33.07% (below 0%: shrinking)	53.68%	4.55%	Compare
RXO RXO INC	$4.8B	— (loss-making)	— (loss-making)	+25.02% (above 0%: growing)	n/m	−620.00% (below 0%: shrinking)	14.04%	0.06%	Compare
ARCB ArcBest Corporation	$3.0B	186×	33.5×	+15.87% (above 0%: growing)	n/m	+45.84% (above 0%: growing)	(1.74%)	(1.74%)	Compare
WERN Werner Enterprises, Inc.	$2.0B	— (loss-making)	56.2×	+24.00% (above 0%: growing)	−84.72% (below 0%: shrinking)	+581.60% (above 0%: growing)	52.19%	1.81%	Compare
MRTN Marten Transport, Ltd.	$1.1B	75.5×	59.2×	−2.77% (below 0%: shrinking)	−22.22% (below 0%: shrinking)	+100,952.63% (above 0%: growing)	62.16%	3.09%
HTLD Heartland Express, Inc.	$860.7M	— (loss-making)	— (loss-making)	−12.48% (below 0%: shrinking)	n/m	+144.91% (above 0%: growing)	27.63%	8.99%	Compare
CVLG Covenant Logistics Group, Inc.	$781.9M	205×	22.4×	+9.91% (above 0%: growing)	−10.53% (below 0%: shrinking)	−406.90% (below 0%: shrinking)	58.97%	2.66%	Compare
ULH Universal Logistics Holdings, Inc.	$441.9M	— (loss-making)	31.3×	−3.67% (below 0%: shrinking)	+209.37% (above 0%: growing)	+220.86% (above 0%: growing)	37.71%	11.90%	Compare
PAMT PAMT Corp.	$250.3M	— (loss-making)	— (loss-making)	+8.94% (above 0%: growing)	n/m	−109.49% (below 0%: shrinking)	60.74%	(6.32%)	Compare
Median of peers	$1.4B	186×	33.5×	+10.17%	+11.40%	+6.38%	44.95%	2.24%

All 18 Trucking stocks →

Marten Transport, Ltd. (MRTN) key facts

Concern: Marten Transport, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $883.7 million, down 8.31% from fiscal 2024.
Concern: Net income was $17.4 million, or $0.21 per share (basic), a net margin of 1.97%.
Marten Transport, Ltd. (MRTN) is a Trucking company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, MRTN traded at $12.84, a market capitalization of $1.1 billion.
At that price the stock trades at 75.5× trailing-twelve-month earnings and 1.2× sales; its P/E is higher than 96% of its own readings over the past ten years.
Marten Transport, Ltd. pays an annual dividend of $0.24 per share, a yield of 1.87%, with a payout ratio of 141.2%.
Return on equity was 2.27% and debt-to-equity 0.00.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 5.22 (safe zone) for fiscal 2025.