NASDAQ : MRTN
Marten Transport, Ltd. — Financial statements
Industrials · Trucking · United States
Last price 11.76 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 960.34M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Marten Transport, Ltd. (MRTN) reported revenue of 860.41M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 860.41M | 883.65M | 963.71M | 1.13B | 1.26B | 973.64M |
| Cost of Revenue | 668.53M | 671.14M | 730.38M | 836.15M | 923.54M | 696.28M |
| Gross Profit | 191.88M | 212.51M | 233.32M | 295.31M | 340.33M | 277.36M |
| Selling, General & Admin | 53.24M | 60.15M | 58.31M | 56.01M | 50.51M | 41.99M |
| Other Operating Expenses | 32.53M | 36.13M | 35.11M | 46.07M | 48.84M | 37.42M |
| Operating Expenses | 185.16M | 201.66M | 205.08M | 218.81M | 210.37M | 181.97M |
| Operating Income | 6.72M | 10.85M | 28.25M | 76.50M | 129.97M | 95.39M |
| Other Non Operating Income (Expenses) | 2.53M | 1.46M | 3.13M | 3.81M | 827.00K | 43.00K |
| EBT Excluding Unusual Items | 9.24M | 12.31M | 31.38M | 80.30M | 130.79M | 95.44M |
| Gain (Loss) on Sale of Assets | 9.44M | 12.07M | 4.97M | 13.61M | 13.38M | 16.30M |
| Pretax Income | 18.68M | 24.38M | 36.35M | 93.92M | 144.17M | 111.73M |
| Income Tax Expense | 5.35M | 6.93M | 9.42M | 23.54M | 33.82M | 26.30M |
| Net Income | 13.33M | 17.44M | 26.92M | 70.37M | 110.35M | 85.43M |
| Net Income to Common | 13.33M | 17.44M | 26.92M | 70.37M | 110.35M | 85.43M |
| Shares Outstanding (Basic) | 81.60M | 81.51M | 81.41M | 81.27M | 81.69M | 82.87M |
| Shares Outstanding (Diluted) | 81.60M | 81.52M | 81.47M | 81.41M | 81.96M | 83.41M |
| EPS (Basic) | 0.16 | 0.21 | 0.33 | 0.87 | 1.35 | 1.03 |
| EPS (Diluted) | 0.16 | 0.21 | 0.33 | 0.86 | 1.35 | 1.02 |
| Free Cash Flow | -51.06M | -98.42M | -76.18M | 42.87M | -28.09M | |
| Free Cash Flow Per Share | -0.63 | -1.21 | -0.94 | 0.52 | -0.34 | |
| Dividend Per Share | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.16 |
| Gross Margin | 22.30% | 24.05% | 24.21% | 26.10% | 26.93% | 28.49% |
| Operating Margin | 0.78% | 1.23% | 2.93% | 6.76% | 10.28% | 9.80% |
| Profit Margin | 1.55% | 1.97% | 2.79% | 6.22% | 8.73% | 8.77% |
| Free Cash Flow Margin | -5.78% | -10.21% | -6.73% | 3.39% | -2.89% | |
| EBITDA | 111.98M | 122.64M | 146.79M | 200.39M | 247.58M | 204.39M |
| EBITDA Margin | 13.01% | 13.88% | 15.23% | 17.71% | 19.59% | 20.99% |
| D&A For EBITDA | 105.27M | 111.79M | 118.54M | 123.89M | 117.62M | 109.00M |
| EBIT | 6.72M | 10.85M | 28.25M | 76.50M | 129.97M | 95.39M |
| EBIT Margin | 0.78% | 1.23% | 2.93% | 6.76% | 10.28% | 9.80% |
| Effective Tax Rate | 28.66% | 28.44% | 25.93% | 25.07% | 23.46% | 23.54% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 91.50M | 43.28M | 17.27M | 53.21M | 80.60M | 56.99M |
| Cash & Short-Term Investments | 91.50M | 43.28M | 17.27M | 53.21M | 80.60M | 56.99M |
| Accounts Receivable | 96.91M | 87.17M | 91.58M | 107.61M | 123.45M | 101.25M |
| Other Receivables | 8.40M | 13.08M | 5.36M | 10.36M | 7.22M | 6.97M |
| Receivables | 105.31M | 100.26M | 96.94M | 117.96M | 130.67M | 108.22M |
| Inventory | 5.06M | 5.69M | 6.29M | 5.43M | 4.38M | |
| Prepaid Expenses | 22.57M | 11.11M | 11.19M | 10.16M | 10.08M | 9.23M |
| Other Current Assets | 5.00M | 11.99M | 7.42M | 8.96M | 9.06M | 8.13M |
| Total Current Assets | 224.39M | 171.70M | 138.51M | 196.58M | 235.84M | 186.95M |
| Property, Plant & Equipment | 730.16M | 776.96M | 829.19M | 792.75M | 728.88M | 682.82M |
| Other Long-Term Assets | 1.41M | 1.11M | 1.05M | 1.01M | 962.00K | 924.00K |
| Total Assets | 955.97M | 949.77M | 968.76M | 990.34M | 965.68M | 870.69M |
| Accounts Payable | 35.78M | 28.77M | 25.78M | 36.52M | 37.30M | 20.15M |
| Accrued Expenses | 65.66M | 63.20M | 66.38M | 73.46M | 86.71M | 73.16M |
| Current Portion of Leases | 259.00K | 296.00K | 268.00K | 301.00K | 249.00K | |
| Current Income Taxes Payable | 1.06M | |||||
| Total Current Liabilities | 101.44M | 92.23M | 93.52M | 110.24M | 124.31M | 93.56M |
| Long-Term Leases | 82.00K | 194.00K | 282.00K | 249.00K | 409.00K | 291.00K |
| Long-Term Deferred Tax Liabilities | 90.28M | 89.72M | 107.03M | 122.46M | 137.04M | 125.16M |
| Total Liabilities | 191.80M | 182.14M | 200.84M | 232.95M | 261.76M | 219.01M |
| Common Stock | 817.00K | 815.00K | 815.00K | 813.00K | 811.00K | 830.00K |
| Additional Paid-In Capital | 56.36M | 54.76M | 52.94M | 49.79M | 47.19M | 85.72M |
| Retained Earnings | 706.98M | 712.05M | 714.17M | 706.78M | 655.92M | 565.13M |
| Shareholders' Equity | 764.16M | 767.62M | 767.92M | 757.39M | 703.92M | 651.68M |
| Total Liabilities & Equity | 955.97M | 949.77M | 968.76M | 990.34M | 965.68M | 870.69M |
| Total Debt | 82.00K | 453.00K | 578.00K | 517.00K | 710.00K | 540.00K |
| Net Cash (Debt) | 91.42M | 42.83M | 16.69M | 52.70M | 79.89M | 56.45M |
| Net Cash Per Share | 1.12 | 0.53 | 0.20 | 0.65 | 0.97 | 0.68 |
| Filing Date Shares Outstanding | 81.66M | 81.54M | 81.46M | 81.32M | 81.15M | 83.04M |
| Total Common Shares Outstanding | 81.66M | 81.54M | 81.46M | 81.31M | 81.12M | 83.03M |
| Working Capital | 122.95M | 79.47M | 44.99M | 86.34M | 111.53M | 93.39M |
| Book Value Per Share | 9.36 | 9.41 | 9.43 | 9.31 | 8.68 | 7.85 |
| Tangible Book Value | 764.16M | 767.62M | 767.92M | 757.39M | 703.92M | 651.68M |
| Tangible Book Value Per Share | 9.36 | 9.41 | 9.43 | 9.31 | 8.68 | 7.85 |
| Buildings | 108.65M | 108.99M | 108.87M | 102.88M | 92.82M | |
| Machinery | 1.02B | 1.09B | 1.05B | 971.96M | 863.65M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 17.44M | 26.92M | 70.37M | 110.35M | 85.43M | |
| Depreciation & Amortization | 111.79M | 118.54M | 123.89M | 117.62M | 109.00M | |
| Loss (Gain) From Sale of Assets | -12.07M | -4.97M | -13.61M | -13.38M | -16.30M | |
| Stock-Based Compensation | 1.86M | 2.24M | 2.32M | 2.81M | 2.52M | |
| Other Operating Activities | -17.32M | -15.43M | -14.58M | 11.88M | 4.07M | |
| Change in Accounts Receivable | -661.00K | 19.83M | 12.75M | -23.55M | -16.75M | |
| Change in Accounts Payable | -1.50M | -2.44M | -3.62M | 11.89M | -823.00K | |
| Change in Other Net Operating Assets | -6.06M | -9.88M | -13.15M | 1.86M | 4.06M | |
| Operating Cash Flow | 93.49M | 134.81M | 164.38M | 219.49M | 171.20M | |
| Capital Expenditures | -144.55M | -233.23M | -240.56M | -176.62M | -199.29M | |
| Sale of Property, Plant & Equipment | 101.73M | 81.14M | 68.06M | 41.70M | 75.60M | |
| Other Investing Activities | -52.00K | -49.00K | -45.00K | -38.00K | -37.00K | |
| Investing Cash Flow | -42.88M | -152.14M | -172.54M | -134.96M | -123.73M | |
| Issuance of Common Stock | 246.00K | 1.30M | 1.21M | 2.00M | 876.00K | |
| Repurchase of Common Stock | -284.00K | -382.00K | -926.00K | -43.36M | -2.74M | |
| Common Dividends Paid | -19.56M | -19.54M | -19.51M | -19.56M | -13.27M | |
| Financing Cash Flow | -19.60M | -18.62M | -19.23M | -60.93M | -56.60M | |
| Net Cash Flow | 31.01M | -35.95M | -27.39M | 23.61M | -9.13M | |
| Free Cash Flow | -51.06M | -98.42M | -76.18M | 42.87M | -28.09M | |
| Free Cash Flow Margin | -5.78% | -10.21% | -6.73% | 3.39% | -2.89% | |
| Free Cash Flow Per Share | -0.63 | -1.21 | -0.94 | 0.52 | -0.34 | |
| Levered Free Cash Flow | -32.55M | -89.42M | -68.70M | 30.45M | -44.56M | |
| Unlevered Free Cash Flow | -32.55M | -89.42M | -68.70M | 30.45M | -44.56M | |
| Cash Interest Paid | 10.00K | 65.00K | ||||
| Cash Income Tax Paid | 27.02M | 19.17M | 36.98M | 23.65M | 21.72M | |
| Change in Working Capital | -8.22M | 7.51M | -4.02M | -9.80M | -13.51M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 972.59M | 927.70M | 1.27B | 1.71B | 1.60B | 1.42B |
| Enterprise Value | 881.17M | 878.83M | 1.23B | 1.64B | 1.53B | 1.34B |
| Last Close Price | 11.72 | 11.24 | 15.12 | 20.05 | 18.68 | 16.00 |
| PE Ratio | 74.44 | 53.18 | 47.23 | 24.24 | 14.54 | 16.66 |
| Forward PE | 27.05 | 48.38 | 41.08 | 23.31 | 14.42 | 15.62 |
| PS Ratio | 1.11 | 1.05 | 1.32 | 1.51 | 1.27 | 1.46 |
| PB Ratio | 1.25 | 1.21 | 1.66 | 2.25 | 2.28 | 2.18 |
| P/TBV Ratio | 1.25 | 1.21 | 1.66 | 2.25 | 2.28 | 2.18 |
| P/FCF Ratio | 882.10 | 37.42 | ||||
| P/OCF Ratio | 11.28 | 9.92 | 9.43 | 10.38 | 7.31 | 8.31 |
| PEG Ratio | 1.85 | 1.85 | 1.85 | 1.85 | 1.85 | |
| EV/Sales Ratio | 1.01 | 0.99 | 1.27 | 1.45 | 1.21 | 1.38 |
| EV/EBITDA Ratio | 7.73 | 7.17 | 8.37 | 8.18 | 6.19 | 6.56 |
| EV/EBIT Ratio | 128.88 | 81.03 | 43.51 | 21.42 | 11.80 | 14.05 |
| EV/FCF Ratio | 797.84 | 35.76 | ||||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / FCF Ratio | 0.02 | |||||
| Net Debt / Equity Ratio | -0.12 | -0.06 | -0.02 | -0.07 | -0.11 | -0.09 |
| Net Debt / EBITDA Ratio | -0.82 | -0.35 | -0.11 | -0.26 | -0.32 | -0.28 |
| Net Debt / FCF Ratio | 0.84 | 0.17 | 0.69 | -1.86 | 2.01 | |
| Asset Turnover | 0.89 | 0.92 | 0.98 | 1.16 | 1.38 | 1.14 |
| Inventory Turnover | 124.82 | 121.93 | 142.77 | 188.44 | 179.75 | |
| Quick Ratio | 1.94 | 1.56 | 1.22 | 1.55 | 1.70 | 1.77 |
| Current Ratio | 2.21 | 1.86 | 1.48 | 1.78 | 1.90 | 2.00 |
| Return on Equity (ROE) | 1.74% | 2.27% | 3.53% | 9.63% | 16.28% | 13.43% |
| Return on Assets (ROA) | 0.43% | 0.71% | 1.80% | 4.89% | 8.85% | 7.00% |
| Return on Invested Capital (ROIC) | 0.72% | 1.05% | 2.87% | 8.63% | 16.32% | 12.68% |
| Return on Capital Employed (ROCE) | 0.80% | 1.30% | 3.20% | 8.70% | 15.40% | 12.30% |
| Earnings Yield | 1.34% | 1.88% | 2.12% | 4.12% | 6.88% | 6.00% |
| FCF Yield | 0.11% | -5.50% | -7.74% | -4.47% | 2.67% | -1.97% |
| Dividend Yield | 2.05% | 2.11% | 1.54% | 1.14% | 1.21% | 0.93% |
| Payout Ratio | 150.00% | 112.14% | 72.58% | 27.72% | 17.73% | 15.53% |
| Buyback Yield / Dilution | -0.11% | -0.06% | -0.07% | 0.67% | 1.74% | -0.29% |
| Total Shareholder Return | 1.94% | 2.05% | 1.47% | 1.81% | 2.95% | 0.64% |