Marten Transport, Ltd.

NasdaqGS:MRTN Stock Report

Market Cap: US$1.3b

Marten Transport Past Earnings Performance

Past criteria checks 0/6

Marten Transport's earnings have been declining at an average annual rate of -28.5%, while the Transportation industry saw earnings growing at 1.7% annually. Revenues have been declining at an average rate of 2.2% per year. Marten Transport's return on equity is 1.9%, and it has net margins of 1.7%.

Key information

-28.55%

Earnings growth rate

-28.20%

EPS growth rate

Transportation Industry Growth15.63%
Revenue growth rate-2.17%
Return on equity1.90%
Net Margin1.68%
Last Earnings Update31 Mar 2026

Recent past performance updates

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...

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...

Revenue & Expenses Breakdown

How Marten Transport makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:MRTN Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2686414600
31 Dec 2588417600
30 Sep 2590419610
30 Jun 2592121630
31 Mar 2593722600
31 Dec 2496427580
30 Sep 241,00134600
30 Jun 241,04444590
31 Mar 241,08358590
31 Dec 231,13170560
30 Sep 231,18683590
30 Jun 231,23196580
31 Mar 231,275105590
31 Dec 221,264110510
30 Sep 221,208110520
30 Jun 221,135105510
31 Mar 221,03895470
31 Dec 2197485420
30 Sep 2193480470
30 Jun 2189977470
31 Mar 2187974500
31 Dec 2087470470
30 Sep 2086466460
30 Jun 2086364440
31 Mar 2086361430
31 Dec 1984361380
30 Sep 1983061400
30 Jun 1981560390
31 Mar 1980058380
31 Dec 1878855390
30 Sep 18766104370
30 Jun 1873797400
31 Mar 1871292400
31 Dec 1769890390
30 Sep 1768834380
30 Jun 1768834350
31 Mar 1768233340
31 Dec 1667133320
30 Sep 1666734310
30 Jun 1666834290
31 Mar 1666634290
31 Dec 1566536290
30 Sep 1567036300
30 Jun 1567035290

Quality Earnings: MRTN has a large one-off gain of $11.8M impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: MRTN's current net profit margins (1.7%) are lower than last year (2.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MRTN's earnings have declined by 28.5% per year over the past 5 years.

Accelerating Growth: MRTN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MRTN had negative earnings growth (-32.9%) over the past year, making it difficult to compare to the Transportation industry average (-15.9%).

Return on Equity

High ROE: MRTN's Return on Equity (1.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 16:39
End of Day Share Price 2026/05/20 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