Marten Transport, Ltd. (MRTN) AI Stock Analysis

Headquartered in Mondovi, Wisconsin, Marten Transport, Ltd. provides temperature-sensitive truckload transportation services across the United States, Canada, and Mexico. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. Its Truckload operations transport commodities requiring temperature-controlled or insulated conditions. The Dedicated segment provides customized solutions using specialized equipment such as temperature-controlled trailers and dry vans. The Intermodal segment utilizes refrigerated containers and trailers on railroad flatcars, supported by tractors and contracted carriers. Marten Transport also manages a Brokerage segment contracting third-party carriers, and operated a fleet of 3,204 tractors as of December 31, 2021.

Revenue grew 29.8% in FY2022 to peak at $1.26B, with net income reaching $110.4M and operating margin at 11.3%. However, business contracted over the following three years. In FY2023, revenue fell 10.5% to $1.13B, followed by a 14.8% drop in FY2024 to $963.7M. In FY2025, revenue declined 8.3% to $883.7M as net income fell to $17.4M and operating margin shrank to 1.2%. Over the 5-year period from FY2020 to FY2025, revenue CAGR was 0.2%. For the latest quarter ended June 30, 2026, quarterly revenue fell 2.8% year-over-year, while quarterly earnings declined 25.8%, resulting in trailing twelve-month EPS of $0.15.

As of June 30, 2026, Marten Transport held $104.0M in cash and short-term investments against total debt of $358,000, yielding a net cash balance of $103.6M. The company reported a current ratio of 2.50, debt-to-equity of 0.00, and shareholders' equity of $766.0M out of $955.5M in total assets. In FY2025, operating cash flow stood at $93.5M, while capital expenditures were $144.6M, resulting in free cash flow of -$51.1M. Marten paid $14.7M in dividends in FY2025.

At a share price of $12.84, Marten Transport has a market cap of $1.05B and an enterprise value of $970.0M. Its trailing P/E of 85.6x stands well above the 24.8x median of its US-listed Industrials peers, while its forward P/E of 17.6x is closer to the peer median of 17.2x. The stock trades at an EV/EBITDA of 9.0x compared to the peer median of 13.9x. Over the past year, Marten shares rose 20.5%, outperforming the S&P 500 (SPY) return of 16.8%, but its 5-year return of -11.5% trails the SPY return of 83.0%.

Marten Transport pays an annual forward dividend of $0.24 per share, translating to a dividend yield of 1.87% based on its $12.84 stock price. Dividends are distributed quarterly, with 17 consecutive years paid. The trailing payout ratio stands elevated at 141.2%, and the 5-year annualized dividend growth rate was -17.6%. Its last ex-dividend date was September 16, 2026.

Wall Street analysts track Marten Transport with 1 Strong Buy, 0 Buy, 2 Hold, and no Sell ratings. The mean price target is $17.00, representing a 32.4% upside from the last closing price of $12.84. For FY2026 ending December 31, 2026, consensus estimates project EPS of $0.24 on revenue of $895.9M. For the next fiscal year, 2 analysts project EPS of $0.60 on revenue of $981.5M. The company has beaten EPS estimates in 1 of the last 4 quarters, with next earnings scheduled for October 22, 2026.

This page is an AI-written research summary of Marten Transport, Ltd. (MRTN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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