MRTN Stock Analysis: Marten Transport | NASDAQ
Trucking | NASDAQ, USA | Market Cap: 1.004m USD | 12M Return: 21.4% | US5730751089 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.93M
EPS Trend: -96.5%
Qual. Beats: -1
Rev. Trend: -97.3%
Qual. Beats: -3
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 is a temperature-sensitive (refrigerated) truckload carrier operating in the United States, Mexico, and Canada. The company runs three segments: Truckload, which hauls food and consumer packaged goods in temperature-controlled trailers along with dry freight; Dedicated, which provides customized transportation solutions using refrigerated trailers, dry vans, and specialized equipment; and Brokerage, which arranges third-party carriers for customers needing temperature-controlled or dry van capacity.
As of December 31, 2025, the company operated a fleet of 2,654 tractors, the vast majority company-owned with the remainder supplied by independent contractors. Marten Transport was founded in 1946 and is headquartered in Mondovi, Wisconsin.
The temperature-controlled trucking niche serves grocery retailers, food manufacturers, and pharmaceutical distributors that require continuous refrigeration during transit. The asset-based Truckload and Dedicated segments contrast with the asset-light Brokerage segment, which scales capacity without adding fleet equipment.
- Fuel price volatility pressures truckload operating margins
- Dedicated segment contracts expand with shipper outsourcing demand
- Soft freight cycle pressures spot truckload rates and brokerage yields
| Net Income: 13.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 13.06 > 1.0 |
| NWC/Revenue: 14.29% < 20% (prev 6.68%; Δ 7.61% < -1%) |
| CFO/TA 0.09 > 3% & CFO 88.9m > Net Income 13.3m |
| Net Debt (-91.3m) to EBITDA (115.7m): -0.79 < 3 |
| Current Ratio: 2.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (81.7m) vs 12m ago 0.17% < -2% |
| Gross Margin: -1.31% > 18% (prev 13.42%; Δ -14.73% > 0.5%) |
| Asset Turnover: 89.09% > 50% (prev 92.65%; Δ -3.57% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.13 (Total Current Assets 224.4m - Total Current Liabilities 101.4m) / Total Assets 956.0m |
| B: 0.74 (Retained Earnings 707.0m / Total Assets 956.0m) |
| C: 0.02 (EBIT TTM 16.3m / Avg Total Assets 965.8m) |
| D: 3.98 (Book Value of Equity 764.2m / Total Liabilities 191.8m) |
| Altman-Z'' = 7.55 = AAA |
| DSRI: 1.07 (Receivables 105.3m/103.1m, Revenue 860.4m/904.0m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.22 (AQ_t 0.00 / AQ_t-1 0.01) |
| SGI: 0.95 (Revenue 860.4m / 904.0m) |
| TATA: -0.08 (NI 13.3m - CFO 88.9m) / TA 956.0m) |
| Beneish M = -3.47 (Cap -4..+1) = AA |
As of October 30, 2026, the stock is trading at USD 11.76 with a total of 893,225 shares traded. Over the past week, the price has changed by -4.39%, over one month by -10.02%, over three months by -21.31% and over the past year by +21.42%.
Current recommended Stop Loss: 11.20 (which is 4.8% or 1.4 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 | 17 | 44.6% |
P/E Trailing = 82.0
P/E Forward = 17.6367
P/S = 1.1712
P/B = 1.402
P/EG = 1.8298
Revenue TTM = 860.4m USD
EBIT TTM = 16.3m USD
EBITDA TTM = 115.7m USD
Long Term Debt = unknown (none)
Short Term Debt = 239k USD (from shortTermDebt, two quarters ago)
Debt = 201k USD (from shortLongTermDebtTotal, last quarter) + Leases 119k
Net Debt = -91.3m USD (calculated: Debt 201k - CCE 91.5m)
Enterprise Value = 913.1m USD (1.00b + Debt 201k - CCE 91.5m)
Interest Coverage Ratio = unknown (Ebit TTM 16.3m / Interest Expense TTM 0.0)
EV/FCF = 16.73x (Enterprise Value 913.1m / FCF TTM 54.6m)
FCF Yield = 5.98% (FCF TTM 54.6m / Enterprise Value 913.1m)
FCF Margin = 6.35% (FCF TTM 54.6m / Revenue TTM 860.4m)
Net Margin = 1.55% (Net Income TTM 13.3m / Revenue TTM 860.4m)
Gross Margin = -1.31% ((Revenue TTM 860.4m - Cost of Revenue TTM 871.7m) / Revenue TTM)
Gross Margin QoQ = 1.37% (prev 6.60%)
Tobins Q-Ratio = 0.96 (Enterprise Value 913.1m / Total Assets 956.0m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 201k)
Taxrate = 28.66% (5.35m / 18.7m)
NOPAT = 11.6m (EBIT 16.3m * (1 - 28.66%))
Current Ratio = 2.21 (Total Current Assets 224.4m / Total Current Liabilities 101.4m)
Debt / Equity = 0.00 (Debt 201k / totalStockholderEquity, last quarter 764.2m)
Debt / EBITDA = -0.79 (Net Debt -91.3m / EBITDA 115.7m)
Debt / FCF = -1.67 (Net Debt -91.3m / FCF TTM 54.6m)
Total Stockholder Equity = 765.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.38% (Net Income 13.3m / Total Assets 956.0m)
RoE = 1.74% (Net Income TTM 13.3m / Total Stockholder Equity 765.5m)
RoCE = 1.91% (EBIT 16.3m / Capital Employed (Total Assets 956.0m - Current Liab 101.4m))
RoIC = 1.43% (NOPAT 11.6m / Invested Capital 811.5m)
WACC = 7.90% (E(1.00b)/V(1.00b) * Re(7.90%) + D(201k)/V(1.00b) * Rd(0.0%) * (1-Tc(0.29)))
Discount Rate = 7.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 75.04 | Cagr: 0.12%
[DCF] Terminal Value 75.44% ; FCFF base≈54.6m ; Y1≈54.8m ; Y5≈58.1m
[DCF] Fair Price = 12.18 (EV 903.2m - Net Debt -91.3m = Equity 994.5m / Shares 81.7m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -96.50 | EPS CAGR: -44.29% | SUE: -1.93 | # QB: -1
Revenue Correlation: -97.25 | Revenue CAGR: -9.67% | SUE: -1.68 | # QB: -3
EPS current Quarter (2027-03-31): EPS=0.10 | Chg30d=-6.28% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.24 | Chg30d=-18.33% | Revisions=+25% | GrowthEPS=+16.7% | GrowthRev=+1.4%
EPS next Year (2027-12-31): EPS=0.60 | Chg30d=-8.63% | Revisions=+25% | GrowthEPS=+144.9% | GrowthRev=+9.6%
[Analyst] Revisions Ratio: +50% (up=3, down=0)