MRTN Stock Analysis: Marten Transport | NASDAQ
Trucking | NASDAQ, USA | Market Cap: 1.451m USD | 12M Return: 40% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.9M
EPS Trend: -97.3%
Qual. Beats: 1
Rev. Trend: -98.8%
Qual. Beats: -1
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Marten Transport, Ltd. (MRTN) is a temperature-sensitive truckload carrier serving shippers across the United States, Mexico, and Canada. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company operates through three business segments: Truckload, Dedicated, and Brokerage. Its core focus is hauling food and other consumer packaged goods that require temperature-controlled or insulated transport, alongside dry freight, with regional short-haul and medium-to-long-haul full-load services.
The Truckload segment handles the companys primary temperature-controlled and dry freight hauling, while the Dedicated segment provides customized transportation solutions using refrigerated trailers, dry vans, and other specialized equipment for individual customers. The Brokerage segment complements the asset-based operations by arranging third-party carriers to handle freight for customers in both temperature-controlled trailers and dry vans, reflecting a hybrid asset-heavy and asset-light approach common among larger North American carriers.
As of December 31, 2025, Marten operated a fleet of 2,654 tractors, comprised of 2,577 company-owned tractors and 77 supplied by independent contractors. The companys small mix of independent contractor equipment relative to its owned fleet distinguishes it from many peers that rely more heavily on owner-operators, giving Marten greater operational control over its temperature-controlled services. Listed on NASDAQ since 1986, MRTN is classified under the Industrials sector within the GICS Cargo Ground Transportation sub-industry.
- Refrigerated truckload rates weaken on soft food and CPG demand
- Dedicated segment growth lifts contract revenue and margin mix
- Fuel cost volatility pressures operating ratio across the fleet
| Net Income: 14.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -12.97 > 1.0 |
| NWC/Revenue: 11.73% < 20% (prev 5.64%; Δ 6.09% < -1%) |
| CFO/TA 0.10 > 3% & CFO 90.3m > Net Income 14.5m |
| Net Debt (-69.2m) to EBITDA (115.4m): -0.60 < 3 |
| Current Ratio: 2.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (81.5m) vs 12m ago 0.01% < -2% |
| Gross Margin: 3.28% > 18% (prev 13.48%; Δ -10.21% > 0.5%) |
| Asset Turnover: 89.51% > 50% (prev 95.31%; Δ -5.80% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.11 (Total Current Assets 195.6m - Total Current Liabilities 94.2m) / Total Assets 947.2m |
| B: 0.75 (Retained Earnings 708.5m / Total Assets 947.2m) |
| C: 0.01 (EBIT TTM 12.5m / Avg Total Assets 965.3m) |
| D: 4.18 (Book Value of Equity 764.2m / Total Liabilities 183.0m) |
| Altman-Z'' = 7.61 = AAA |
| DSRI: 1.09 (Receivables 100.0m/100.0m, Revenue 864.0m/937.2m) |
| GMI: 4.12 (GM 13.48% / 3.28%) |
| AQI: 0.90 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 0.92 (Revenue 864.0m / 937.2m) |
| TATA: -0.08 (NI 14.5m - CFO 90.3m) / TA 947.2m) |
| Beneish M = -0.25 (Cap -4..+1) = D |
As of July 20, 2026, the stock is trading at USD 17.65 with a total of 400,857 shares traded. Over the past week, the price has changed by +2.92%, over one month by +4.31%, over three months by +19.18% and over the past year by +39.95%.
Current recommended Stop Loss: 16.70 (which is 5.4% or 1.9 ATR below the current price).
Marten Transport has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold MRTN.
- StrongBuy: 1
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 18.5 | 4.8% |
P/E Trailing = 98.8333
P/E Forward = 17.6367
P/S = 1.6799
P/B = 1.8342
P/EG = 1.8298
Revenue TTM = 864.0m USD
EBIT TTM = 12.5m USD
EBITDA TTM = 115.4m USD
Long Term Debt = 157k USD (estimated: total debt 434k - short term 277k)
Short Term Debt = 277k USD (from shortTermDebt, last quarter)
Debt = 591k USD (from shortLongTermDebtTotal, last quarter) + Leases 157k
Net Debt = -69.2m USD (calculated: Debt 591k - CCE 69.8m)
Enterprise Value = 1.38b USD (1.45b + Debt 591k - CCE 69.8m)
Interest Coverage Ratio = unknown (Ebit TTM 12.5m / Interest Expense TTM 0.0)
EV/FCF = -29.21x (Enterprise Value 1.38b / FCF TTM -47.3m)
FCF Yield = -3.42% (FCF TTM -47.3m / Enterprise Value 1.38b)
FCF Margin = -5.48% (FCF TTM -47.3m / Revenue TTM 864.0m)
Net Margin = 1.68% (Net Income TTM 14.5m / Revenue TTM 864.0m)
Gross Margin = 3.28% ((Revenue TTM 864.0m - Cost of Revenue TTM 835.7m) / Revenue TTM)
Gross Margin QoQ = 4.13% (prev -17.84%)
Tobins Q-Ratio = 1.46 (Enterprise Value 1.38b / Total Assets 947.2m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 591k)
Taxrate = 28.33% (5.73m / 20.2m)
NOPAT = 8.95m (EBIT 12.5m * (1 - 28.33%))
Current Ratio = 2.08 (Total Current Assets 195.6m / Total Current Liabilities 94.2m)
Debt / Equity = 0.00 (Debt 591k / totalStockholderEquity, last quarter 764.2m)
Debt / EBITDA = -0.60 (Net Debt -69.2m / EBITDA 115.4m)
Debt / FCF = 1.46 (negative FCF - burning cash) (Net Debt -69.2m / FCF TTM -47.3m)
Total Stockholder Equity = 767.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.50% (Net Income 14.5m / Total Assets 947.2m)
RoE = 1.89% (Net Income TTM 14.5m / Total Stockholder Equity 767.7m)
RoCE = 1.63% (EBIT 12.5m / Capital Employed (Equity 767.7m + L.T.Debt 157k))
RoIC = 1.10% (NOPAT 8.95m / Invested Capital 810.1m)
WACC = 8.63% (E(1.45b)/V(1.45b) * Re(8.63%) + D(591k)/V(1.45b) * Rd(0.0%) * (1-Tc(0.28)))
Discount Rate = 8.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 90.36 | Cagr: 0.06%
[DCF] Fair Price = unknown (Cash Flow -47.3m)
EPS Correlation: -97.34 | EPS CAGR: -47.60% | SUE: 1.78 | # QB: 1
Revenue Correlation: -98.77 | Revenue CAGR: -12.17% | SUE: -1.63 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.08 | Chg30d=+33.33% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.28 | Chg30d=+25.00% | Revisions=+25% | GrowthEPS=+30.9% | GrowthRev=+1.8%
EPS next Year (2027-12-31): EPS=0.64 | Chg30d=+36.17% | Revisions=+25% | GrowthEPS=+132.7% | GrowthRev=+10.5%
[Analyst] Revisions Ratio: +50% (up=3, down=0)