Marten Transport, Ltd.

NasdaqGS:MRTN Stock Report

Market Cap: US$1.4b

Marten Transport Management

Management criteria checks 4/4

Marten Transport's CEO is Randy Marten, appointed in Oct 2025, has a tenure of less than a year. total yearly compensation is $1.15M, comprised of 69.4% salary and 30.6% bonuses, including company stock and options. directly owns 21.71% of the company’s shares, worth $309.20M. The average tenure of the management team and the board of directors is 3.3 years and 18.6 years respectively.

Key information

Randy Marten

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage69.43%
CEO tenureless than a year
CEO ownership21.7%
Management average tenure3.3yrs
Board average tenure18.6yrs

Recent management updates

Recent updates

Seeking Alpha • Jun 04

Marten Transport Has Already Driven Past Its Valuation Destination

Summary Marten Transport has rebounded sharply, benefiting from freight market undercapacity and strategic asset management. Despite resilient fundamentals, including a debt-free balance sheet and young fleet, MRTN’s operating margin remains thin at 0.8%. Valuation appears fully priced with a target price of $15.37, while technicals indicate the stock is overbought after its rally. I reiterate a hold rating due to limited upside and downside risks from inflation and cost pressures. 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...

CEO Compensation Analysis

How has Randy Marten's remuneration changed compared to Marten Transport's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$14m

Dec 31 2025US$1mUS$801k

US$17m

Sep 30 2025n/an/a

US$19m

Jun 30 2025n/an/a

US$21m

Mar 31 2025n/an/a

US$22m

Dec 31 2024US$1mUS$831k

US$27m

Sep 30 2024n/an/a

US$34m

Jun 30 2024n/an/a

US$44m

Mar 31 2024n/an/a

US$58m

Dec 31 2023US$1mUS$811k

US$70m

Sep 30 2023n/an/a

US$83m

Jun 30 2023n/an/a

US$96m

Mar 31 2023n/an/a

US$105m

Dec 31 2022US$2mUS$777k

US$110m

Sep 30 2022n/an/a

US$110m

Jun 30 2022n/an/a

US$105m

Mar 31 2022n/an/a

US$95m

Dec 31 2021US$2mUS$735k

US$85m

Sep 30 2021n/an/a

US$80m

Jun 30 2021n/an/a

US$77m

Mar 31 2021n/an/a

US$74m

Dec 31 2020US$1mUS$729k

US$70m

Sep 30 2020n/an/a

US$66m

Jun 30 2020n/an/a

US$64m

Mar 31 2020n/an/a

US$61m

Dec 31 2019US$1mUS$706k

US$61m

Compensation vs Market: Randy's total compensation ($USD1.15M) is below average for companies of similar size in the US market ($USD5.14M).

Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.

CEO

Randy Marten (73 yo)

less than a year
Tenure
US$1,154,303
Compensation

Mr. Randolph L. Marten, also known as Randy, served as Executive Chairman of the Board at Marten Transport, Ltd. since May 4, 2021 until 1 October 2025 and serves as its Chairman of the Board & Chief Execu...

Leadership Team

NamePositionTenureCompensationOwnership
Randolph Marten
CEO & Chairman of the Boardless than a yearUS$1.15m21.71%
$ 309.2m
Douglas Petit
President4.9yrsUS$570.54k0.050%
$ 708.6k
James Hinnendael
Executive VP & CFO20.5yrsUS$615.22k0.18%
$ 2.5m
Adam Phillips
Executive VP & COO3.3yrsUS$441.21k0.019%
$ 266.8k
Randall Baier
Executive VP & CTO2.9yrsUS$428.54k0.028%
$ 394.0k
Patrick Pazderka
Secretaryno datano datano data
3.3yrs
Average Tenure
59yo
Average Age

Experienced Management: MRTN's management team is considered experienced (3.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Randolph Marten
CEO & Chairman of the Board45.8yrsUS$1.15m21.71%
$ 309.2m
Robert Demorest
Independent Director18.6yrsUS$132.69k0.072%
$ 1.0m
Patricia Jones
Independent Director3.3yrsUS$123.77k0.019%
$ 263.7k
Kathleen Iverson
Independent Director6.3yrsUS$129.36k0.028%
$ 399.0k
Jerry Bauer
Independent Director29.5yrsUS$117.11k0.23%
$ 3.2m
Larry Hagness
Independent Director35yrsUS$117.11k0.26%
$ 3.7m
Ronald Booth
Independent Director10.6yrsUS$134.36k0.040%
$ 564.8k
18.6yrs
Average Tenure
74yo
Average Age

Experienced Board: MRTN's board of directors are seasoned and experienced ( 18.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 05:33
End of Day Share Price 2026/07/02 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. 2 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