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Marten Transport, Ltd.NasdaqGS:MRTN Stock Report

Market Cap US$1.3b
Share Price
US$15.04
US$17
11.5% undervalued intrinsic discount
1Y7.8%
7D3.2%
Portfolio Value
​
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Marten Transport, Ltd.

NasdaqGS:MRTN Stock Report

Market Cap: US$1.3b

Marten Transport (MRTN) Stock Overview

Operates as a temperature-sensitive truckload carrier for shippers in the United States, Mexico, and Canada. More details

MRTN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance0/6
Financial Health6/6
Dividends2/6

Rewards

Earnings are forecast to grow 58.59% per year

Risk Analysis

Dividend of 1.6% is not well covered by earnings or free cash flows

Large one-off items impacting financial results


MRTN Community Fair Values

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Marten Transport, Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Marten Transport
Historical stock prices
Current Share PriceUS$15.04
52 Week HighUS$15.84
52 Week LowUS$9.35
Beta0.92
1 Month Change7.35%
3 Month Change10.83%
1 Year Change7.81%
3 Year Change-27.17%
5 Year Change-15.22%
Change since IPO2,096.39%

Recent News & Updates

Seeking Alpha • Apr 28

Marten Transport Is Not Seeing A Recovery Yet, But Its Stock Price Is Beyond 2021 Optimism

Summary Marten Transport (MRTN) reported 1Q26 results showing ongoing contraction, with declines in truck count and operating income despite slight revenue-per-truck gains. MRTN management continues to divest trucks, signaling skepticism that the trucking cycle has fully turned, even with $70 million cash and no debt. Operating margins deteriorated across all segments, and positive rate trends are offset by rising driver costs and limited unit economics improvement. I maintain a Hold rating on MRTN, as current valuation appears overly optimistic relative to historical cycle averages and recent profitability. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 28

Marten Transport Is Not Seeing A Recovery Yet, But Its Stock Price Is Beyond 2021 Optimism

Summary Marten Transport (MRTN) reported 1Q26 results showing ongoing contraction, with declines in truck count and operating income despite slight revenue-per-truck gains. MRTN management continues to divest trucks, signaling skepticism that the trucking cycle has fully turned, even with $70 million cash and no debt. Operating margins deteriorated across all segments, and positive rate trends are offset by rising driver costs and limited unit economics improvement. I maintain a Hold rating on MRTN, as current valuation appears overly optimistic relative to historical cycle averages and recent profitability. Read the full article on Seeking Alpha
Analysis Article • Jan 06

Why Investors Shouldn't Be Surprised By Marten Transport, Ltd.'s (NASDAQ:MRTN) P/E

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 19x, you may...
Analysis Article • Nov 27

Be Wary Of Marten Transport (NASDAQ:MRTN) And Its Returns On Capital

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Analysis Article • Aug 20

Marten Transport's (NASDAQ:MRTN) Weak Earnings May Only Reveal A Part Of The Whole Picture

NasdaqGS:MRTN 1 Year Share Price vs Fair Value Explore Marten Transport's Fair Values from the Community and select...
Analysis Article • Jul 03

Some Investors May Be Worried About Marten Transport's (NASDAQ:MRTN) Returns On Capital

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Analysis Article • Apr 04

Should You Think About Buying Marten Transport, Ltd. (NASDAQ:MRTN) Now?

Marten Transport, Ltd. ( NASDAQ:MRTN ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article • Feb 27

Marten Transport (NASDAQ:MRTN) Has Announced A Dividend Of $0.06

Marten Transport, Ltd. ( NASDAQ:MRTN ) will pay a dividend of $0.06 on the 28th of March. This means the dividend yield...
Analysis Article • Feb 25

Marten Transport, Ltd.'s (NASDAQ:MRTN) Share Price Matching Investor Opinion

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 18x, you may...
Seeking Alpha • Jan 28

Marten Transport Earnings: Bad Year, But We May See A Slight Rebound In 2025

Summary Marten Transport, Ltd.'s Q4 and full-year 2024 earnings were disappointing, with revenues down 14% y/y and significant declines across all revenue segments. Despite operational inefficiencies and reduced profitability, the company has no long-term debt, allowing it to focus on surviving the downturn. The trucking industry outlook for 2025 is mixed, with potential for a slight rebound but concerns over overcapacity and economic uncertainties. Given the economic unknowns and market uncertainties, I will monitor MRT stock but will not invest until more positive quarters are observed. Read the full article on Seeking Alpha
Analysis Article • Jan 16

A Look At The Fair Value Of Marten Transport, Ltd. (NASDAQ:MRTN)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Marten Transport fair value estimate is US$17.93 With US$15.88...
Analysis Article • Nov 12

Here's What's Concerning About Marten Transport's (NASDAQ:MRTN) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Oct 19

Marten Transport, Ltd.'s (NASDAQ:MRTN) Shares May Have Run Too Fast Too Soon

Marten Transport, Ltd.'s ( NASDAQ:MRTN ) price-to-earnings (or "P/E") ratio of 39.2x might make it look like a strong...
Analysis Article • Aug 18

Marten Transport (NASDAQ:MRTN) Will Pay A Dividend Of $0.06

Marten Transport, Ltd. ( NASDAQ:MRTN ) will pay a dividend of $0.06 on the 30th of September. This means the dividend...
Seeking Alpha • Jul 15

Marten Transport: Signs Of Improvement Justify A Neutral Stance As Earnings Near

Summary Times have been tough for Marten Transport due to weak industry conditions and worsening fundamentals. That picture continues today and may persist in the near term, though there are signs of improvement on the horizon. These improvements justify a more neutral, as opposed to a bearish, stance on the business. Read the full article on Seeking Alpha
Analysis Article • Jul 12

Be Wary Of Marten Transport (NASDAQ:MRTN) And Its Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Analysis Article • May 06

Investor Optimism Abounds Marten Transport, Ltd. (NASDAQ:MRTN) But Growth Is Lacking

With a price-to-earnings (or "P/E") ratio of 24.7x Marten Transport, Ltd. ( NASDAQ:MRTN ) may be sending bearish...
Analysis Article • Mar 05

At US$18.38, Is It Time To Put Marten Transport, Ltd. (NASDAQ:MRTN) On Your Watch List?

While Marten Transport, Ltd. ( NASDAQ:MRTN ) might not have the largest market cap around , it saw significant share...
Seeking Alpha • Jan 31

Marten Transport Q4: Beneficial Management Words, Operating Ratio Increases, And Undervalued

Summary Marten Transport reports increases in average miles per trip and quarterly operating ratio, indicating positive performance in the industry. The installation of solar panels in the company's facilities may attract demand from ESG investors. Despite lower-than-expected EPS and quarterly revenue, Marten is undervalued and expected to experience net sales, EBITDA, and net income growth in the future. Read the full article on Seeking Alpha
Analysis Article • Jan 23

Investor Optimism Abounds Marten Transport, Ltd. (NASDAQ:MRTN) But Growth Is Lacking

With a price-to-earnings (or "P/E") ratio of 20.1x Marten Transport, Ltd. ( NASDAQ:MRTN ) may be sending bearish...
Analysis Article • Dec 24

Marten Transport, Ltd. (NASDAQ:MRTN) Shares Could Be 42% Below Their Intrinsic Value Estimate

Key Insights Marten Transport's estimated fair value is US$35.92 based on 2 Stage Free Cash Flow to Equity Marten...
Analysis Article • Dec 05

Marten Transport (NASDAQ:MRTN) Has Affirmed Its Dividend Of $0.06

Marten Transport, Ltd.'s ( NASDAQ:MRTN ) investors are due to receive a payment of $0.06 per share on 29th of December...

Shareholder Returns

MRTNUS TransportationUS Market
7D3.2%1.2%2.6%
1Y7.8%9.3%26.2%

Return vs Industry: MRTN underperformed the US Transportation industry which returned 17.3% over the past year.

Return vs Market: MRTN underperformed the US Market which returned 31.1% over the past year.

Price Volatility

Is MRTN's price volatile compared to industry and market?
MRTN volatility
MRTN Average Weekly Movement5.1%
Transportation Industry Average Movement6.4%
Market Average Movement7.2%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: MRTN has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: MRTN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19463,502Randy Martenwww.marten.com

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Mexico, and Canada. It operates through Truckload, Dedicated, and Brokerage segments. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.

Marten Transport, Ltd. Fundamentals Summary

How do Marten Transport's earnings and revenue compare to its market cap?
MRTN fundamental statistics
Market capUS$1.27b
Earnings (TTM)US$14.49m
Revenue (TTM)US$864.03m
84.7x
P/E Ratio
1.4x
P/S Ratio

Is MRTN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MRTN income statement (TTM)
RevenueUS$864.03m
Cost of RevenueUS$660.51m
Gross ProfitUS$203.52m
Other ExpensesUS$189.03m
EarningsUS$14.49m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin23.56%
Net Profit Margin1.68%
Debt/Equity Ratio0%

How did MRTN perform over the long term?

See historical performance and comparison

Dividends

1.6%
Current Dividend Yield
135%
Payout Ratio

Does MRTN pay a reliable dividends?

See MRTN dividend history and benchmarks
When do you need to buy MRTN by to receive an upcoming dividend?
Marten Transport dividend dates
Ex Dividend DateJun 16 2026
Dividend Pay DateJun 30 2026
Days until Ex dividend35 days
Days until Dividend pay date49 days

Does MRTN pay a reliable dividends?

See MRTN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 06:25
End of Day Share Price 2026/05/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Marten Transport, Ltd. is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel MooreBaird
Todd FowlerKeyBanc Capital Markets Inc.
Jeffrey KauffmanLoop Capital Markets