MRTN Stock Analysis: Marten Transport | NASDAQ
Trucking | NASDAQ, USA | Market Cap: 1.377m USD | 12M Return: 22.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.0M
EPS Trend: -98.0%
Qual. Beats: 0
Rev. Trend: -98.2%
Qual. Beats: -2
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: 12.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -8.05 > 1.0 |
| NWC/Revenue: 16.66% < 20% (prev 4.25%; Δ 12.41% < -1%) |
| CFO/TA 0.09 > 3% & CFO 84.8m > Net Income 12.6m |
| Net Debt (-103.7m) to EBITDA (115.2m): -0.90 < 3 |
| Current Ratio: 2.50 > 1.5 & < 3 |
| Outstanding Shares: last quarter (81.5m) vs 12m ago 0.00% < -2% |
| Gross Margin: 2.85% > 18% (prev 13.69%; Δ -10.84% > 0.5%) |
| Asset Turnover: 88.09% > 50% (prev 92.85%; Δ -4.76% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.15 (Total Current Assets 237.9m - Total Current Liabilities 95.0m) / Total Assets 955.5m |
| B: 0.74 (Retained Earnings 709.0m / Total Assets 955.5m) |
| C: 0.02 (EBIT TTM 14.8m / Avg Total Assets 973.7m) |
| D: 4.04 (Book Value of Equity 766.0m / Total Liabilities 189.5m) |
| Altman-Z'' = 7.75 = AAA |
| DSRI: 1.13 (Receivables 104.4m/98.8m, Revenue 857.6m/920.9m) |
| GMI: 4.80 (GM 13.69% / 2.85%) |
| AQI: 0.88 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 0.93 (Revenue 857.6m / 920.9m) |
| TATA: -0.08 (NI 12.6m - CFO 84.8m) / TA 955.5m) |
| Beneish M = 0.40 (Cap -4..+1) = D |
As of July 29, 2026, the stock is trading at USD 15.49 with a total of 993,625 shares traded. Over the past week, the price has changed by -11.08%, over one month by -11.74%, over three months by +3.34% and over the past year by +22.64%.
Current recommended Stop Loss: 14.80 (which is 4.5% or 1.3 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 | 19.4% |
P/E Trailing = 93.7778
P/E Forward = 17.6367
P/S = 1.594
P/B = 1.8491
P/EG = 1.8298
Revenue TTM = 857.6m USD
EBIT TTM = 14.8m USD
EBITDA TTM = 115.2m USD
Long Term Debt = unknown (none)
Short Term Debt = 277k USD (from shortTermDebt, two quarters ago)
Debt = 276k USD (from shortLongTermDebtTotal, last quarter) + Leases 157k
Net Debt = -103.7m USD (calculated: Debt 276k - CCE 104.0m)
Enterprise Value = 1.27b USD (1.38b + Debt 276k - CCE 104.0m)
Interest Coverage Ratio = unknown (Ebit TTM 14.8m / Interest Expense TTM 0.0)
EV/FCF = 305.9x (Enterprise Value 1.27b / FCF TTM 4.16m)
FCF Yield = 0.33% (FCF TTM 4.16m / Enterprise Value 1.27b)
FCF Margin = 0.49% (FCF TTM 4.16m / Revenue TTM 857.6m)
Net Margin = 1.47% (Net Income TTM 12.6m / Revenue TTM 857.6m)
Gross Margin = 2.85% ((Revenue TTM 857.6m - Cost of Revenue TTM 833.2m) / Revenue TTM)
Gross Margin QoQ = none% (prev 4.13%)
Tobins Q-Ratio = 1.33 (Enterprise Value 1.27b / Total Assets 955.5m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 276k)
Taxrate = 28.50% (5.04m / 17.7m)
NOPAT = 10.6m (EBIT 14.8m * (1 - 28.50%))
Current Ratio = 2.50 (Total Current Assets 237.9m / Total Current Liabilities 95.0m)
Debt / Equity = 0.00 (Debt 276k / totalStockholderEquity, last quarter 766.0m)
Debt / EBITDA = -0.90 (Net Debt -103.7m / EBITDA 115.2m)
Debt / FCF = -24.91 (Net Debt -103.7m / FCF TTM 4.16m)
Total Stockholder Equity = 766.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.30% (Net Income 12.6m / Total Assets 955.5m)
RoE = 1.65% (Net Income TTM 12.6m / Total Stockholder Equity 766.5m)
RoCE = 1.73% (EBIT 14.8m / Capital Employed (Total Assets 955.5m - Current Liab 95.0m))
RoIC = 1.30% (NOPAT 10.6m / Invested Capital 817.6m)
WACC = 8.71% (E(1.38b)/V(1.38b) * Re(8.71%) + D(276k)/V(1.38b) * Rd(0.0%) * (1-Tc(0.29)))
Discount Rate = 8.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 83.60 | Cagr: 0.04%
[DCF] Terminal Value 71.76% ; FCFF base≈36.1m ; Y1≈31.7m ; Y5≈25.6m
[DCF] Fair Price = 6.03 (EV 388.1m - Net Debt -103.7m = Equity 491.8m / Shares 81.6m; r=8.71% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -97.96 | EPS CAGR: -48.49% | SUE: 0.0 | # QB: 0
Revenue Correlation: -98.23 | Revenue CAGR: -11.10% | SUE: -0.88 | # QB: -2
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)