Marten Transport, Ltd. (MRTN) Key Metrics
MRTN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.05B
- Enterprise value
- $970.0M
- P/E (TTM)
- 85.6 10-yr median 20.0
- Forward P/E
- 17.6
- PEG ratio
- 1.83
- Price / sales
- 1.2 10-yr median 1.4
- Price / book
- 1.4 10-yr median 2.1
- EV / EBITDA
- 9.0 10-yr median 7.0
- Dividend yield
- 1.87% $0.24 a year
- Beta
- 1.01
MRTN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMRTN valuation Price multiples at each fiscal year-end price.
MRTN returns How much profit the business earns on the capital it uses.
MRTN per-share figures Results divided by the shares outstanding at year-end.
MRTN financial health Debt, liquidity and how easily interest is covered.
MRTN efficiency & capital use Working capital cycle and where the cash goes.
MRTN valuation history
MRTN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MRTN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MRTN cash returned to shareholders
MRTN price vs earnings per share
MRTN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $927.7M | $1.27B | $1.71B | $1.62B | $1.43B | $1.43B | $1.18B | $892.9M | $1.11B | $761.4M |
| Enterprise value | $884.8M | $1.25B | $1.66B | $1.54B | $1.37B | $1.37B | $1.15B | $836.1M | $1.10B | $768.8M |
| P/E ratio | 53.2 | 47.2 | 24.3 | 14.7 | 16.8 | 20.6 | 19.4 | 16.2 | 12.3 | 22.8 |
| Price / sales | 1.0 | 1.3 | 1.5 | 1.3 | 1.5 | 1.6 | 1.4 | 1.1 | 1.6 | 1.1 |
| Price / book | 1.2 | 1.7 | 2.3 | 2.3 | 2.2 | 2.3 | 2.0 | 1.6 | 2.1 | 1.7 |
| Price / free cash flow | — | — | — | 37.8 | — | 86.6 | — | — | — | — |
| Price / operating cash flow | 9.9 | 9.4 | 10.4 | 7.4 | 8.4 | 7.6 | 7.7 | 5.9 | 9.1 | 5.7 |
| EV / sales | 1.0 | 1.3 | 1.5 | 1.2 | 1.4 | 1.6 | 1.4 | 1.1 | 1.6 | 1.1 |
| EV / EBITDA | 6.8 | 9.0 | 8.6 | 6.4 | 6.9 | 7.4 | 7.1 | 5.5 | 8.1 | 5.9 |
| EV / free cash flow | — | — | — | 36.0 | — | 82.7 | — | — | — | — |
| Earnings yield | 1.9% | 2.1% | 4.1% | 6.8% | 6.0% | 4.9% | 5.2% | 6.2% | 8.1% | 4.4% |
| Free cash flow yield | −5.5% | −7.7% | −4.5% | 2.6% | −2.0% | 1.2% | −3.1% | −2.0% | −3.1% | −3.8% |
| Dividend yield | 1.6% | 1.5% | 1.1% | 1.2% | 3.8% | 3.7% | 3.6% | 0.6% | 0.4% | 0.4% |
| Shareholder yield (dividends + buybacks) | 1.6% | 1.6% | 1.2% | 3.8% | 3.9% | 3.7% | 3.9% | 1.0% | 0.4% | 1.4% |
| Share price at fiscal year-end | $11.38 | $15.61 | $20.98 | $19.78 | $17.16 | $17.23 | $14.33 | $10.79 | $13.53 | $9.32 |
| Per share | ||||||||||
| Revenue per share | $10.84 | $11.83 | $13.90 | $15.42 | $11.67 | $10.51 | $10.20 | $9.52 | $8.49 | $8.22 |
| Earnings per share | $0.21 | $0.33 | $0.86 | $1.35 | $1.02 | $0.84 | $0.74 | $0.67 | $1.10 | $0.41 |
| Operating cash flow per share | $1.15 | $1.65 | $2.02 | $2.68 | $2.05 | $2.28 | $1.85 | $1.82 | $1.48 | $1.63 |
| Free cash flow per share | −$0.63 | −$1.21 | −$0.94 | $0.52 | −$0.34 | $0.20 | −$0.44 | −$0.22 | −$0.42 | −$0.35 |
| Cash per share | $0.53 | $0.21 | $0.65 | $0.98 | $0.68 | $0.80 | $0.38 | $0.69 | $0.19 | $0.01 |
| Book value per share | $9.42 | $9.43 | $9.30 | $8.59 | $7.81 | $7.46 | $7.23 | $6.96 | $6.39 | $5.35 |
| Tangible book value per share | $9.42 | $9.43 | $9.30 | $8.59 | $7.81 | $7.46 | $7.23 | $6.96 | $6.39 | $5.35 |
| Dividends per share | $0.18 | $0.24 | $0.24 | $0.24 | $0.66 | $0.63 | $0.51 | $0.07 | $0.05 | $0.04 |
| Capex per share | $1.77 | $2.86 | $2.95 | $2.16 | $2.39 | $2.08 | $2.29 | $2.04 | $1.90 | $1.99 |
| Debt per share | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | — | $0.00 | $0.10 |
| Shares outstanding | 81.5M | 81.5M | 81.4M | 82.0M | 83.4M | 83.2M | 82.7M | 82.7M | 82.3M | 81.7M |
| Change in shares outstanding | +0.1% | +0.1% | −0.7% | −1.7% | +0.3% | +0.6% | −0.1% | +0.5% | +0.7% | −3.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 2.3% | 3.5% | 9.6% | 16.3% | 13.4% | 11.4% | 10.4% | 10.0% | 18.8% | 7.9% |
| Return on invested capital (ROIC) | 1.1% | 3.4% | 10.2% | 18.0% | 14.8% | 12.4% | 11.1% | 10.6% | 11.9% | 7.7% |
| Return on assets (ROA) | 1.8% | 2.7% | 7.1% | 11.8% | 9.9% | 8.4% | 7.8% | 7.6% | 13.4% | 5.2% |
| Return on tangible assets | 1.8% | 2.8% | 7.1% | 11.3% | 9.7% | 8.2% | 7.6% | 7.3% | 13.1% | 5.1% |
| Free cash flow margin | −5.8% | −10.2% | −6.7% | 3.4% | −2.9% | 1.9% | −4.3% | −2.3% | −5.0% | −4.3% |
| Income quality (OCF / net income) | 5.36 | 5.01 | 2.34 | 1.99 | 2.00 | 2.73 | 2.51 | 2.74 | 1.35 | 3.99 |
| Financial health | ||||||||||
| Total debt | $388,000 | $282,000 | $249,000 | $710,000 | $540,000 | $918,000 | $1.2M | — | $0 | $7.9M |
| Cash & short-term investments | $43.3M | $17.3M | $53.2M | $80.6M | $57.0M | $66.1M | $31.5M | $56.8M | $15.8M | $488,000 |
| Net debt | −$42.9M | −$17.0M | −$53.0M | −$79.9M | −$56.5M | −$65.2M | −$30.3M | −$56.8M | −$15.8M | $7.4M |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.02 |
| Debt / assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.01 |
| Net debt / EBITDA | −0.33 | −0.12 | −0.27 | −0.33 | −0.29 | −0.35 | −0.19 | −0.37 | −0.12 | 0.06 |
| Current ratio | 1.86 | 1.48 | 1.78 | 1.90 | 2.00 | 1.96 | 2.02 | 2.27 | 1.81 | 1.54 |
| Quick ratio | 1.86 | 1.42 | 1.73 | 1.85 | 1.95 | 1.92 | 1.98 | 2.22 | 1.75 | 1.47 |
| Interest coverage | — | — | — | 173.3 | 0.8 | 0.8 | 0.7 | — | — | — |
| Working capital | $79.5M | $45.0M | $86.3M | $111.5M | $93.4M | $85.9M | $77.8M | $91.6M | $52.3M | $32.8M |
| Invested capital | $724.7M | $750.9M | $704.4M | $624.0M | $595.2M | $555.1M | $567.3M | $519.2M | $509.7M | $444.7M |
| Tangible asset value | $767.6M | $767.9M | $757.4M | $703.9M | $651.7M | $620.3M | $597.6M | $576.0M | $525.5M | $437.3M |
| Net current asset value | −$10.4M | −$62.3M | −$36.4M | −$40.8M | −$45.6M | −$49.5M | −$56.3M | −$14.4M | −$48.3M | −$123.0M |
| Graham number | $6.73 | $8.37 | $13.45 | $16.13 | $13.42 | $11.84 | $10.96 | $10.21 | $12.56 | $7.02 |
| Graham net-net per share | −$0.79 | −$1.33 | −$1.08 | −$1.16 | −$1.11 | −$1.09 | −$1.21 | −$0.67 | −$1.05 | −$1.94 |
| Capital allocation | ||||||||||
| Dividends paid | $14.7M | $19.5M | $19.5M | $19.6M | $54.7M | $52.4M | $42.1M | $5.5M | $4.4M | $3.3M |
| Share buybacks (net) | — | $382,000 | $926,000 | $41.8M | $597,000 | $597,000 | $3.8M | $3.8M | $101,000 | $7.5M |
| Dividend payout ratio | 84.1% | 72.6% | 27.7% | 17.7% | 64.1% | 75.3% | 68.9% | 9.9% | 4.8% | 9.7% |
| Dividends + buybacks / free cash flow | — | — | — | 143.0% | — | 320.1% | — | — | — | — |
| Capex / revenue | 16.4% | 24.2% | 21.3% | 14.0% | 20.5% | 19.8% | 22.5% | 21.4% | 22.4% | 24.2% |
| Capex / operating cash flow | 154.6% | 173.0% | 146.3% | 80.5% | 116.4% | 91.3% | 123.6% | 111.9% | 128.4% | 121.6% |
| Capex / depreciation | 1.37 | 2.09 | 2.06 | 1.59 | 1.94 | 1.68 | 1.99 | 1.90 | 1.84 | 1.97 |
| Stock-based compensation / revenue | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.2% | 0.2% | 0.4% | 0.2% | 0.1% |
| SG&A / revenue | 7.3% | 6.4% | 6.2% | 4.7% | 5.2% | 6.3% | 5.4% | 5.8% | 6.4% | 5.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 40.4 | 40.7 | 40.1 | 34.5 | 37.0 | 40.2 | 40.8 | 38.4 | 40.4 | 42.2 |
| Days of inventory on hand | — | 2.6 | 2.3 | 1.7 | 1.8 | 1.8 | 1.8 | 2.2 | 2.7 | 2.7 |
| Days payables outstanding | 11.9 | 13.6 | 14.3 | 10.2 | 10.6 | 12.6 | 10.1 | 9.1 | 18.3 | 24.6 |
| Cash conversion cycle (days) | 28.5 | 29.7 | 28.1 | 26.0 | 28.2 | 29.4 | 32.5 | 31.6 | 24.9 | 20.3 |
| Receivables turnover | 9.02 | 8.97 | 9.10 | 10.58 | 9.87 | 9.08 | 8.95 | 9.50 | 9.03 | 8.65 |
| Payables turnover | 30.55 | 26.74 | 25.54 | 35.70 | 34.48 | 28.94 | 36.06 | 40.25 | 19.98 | 14.85 |
| Inventory turnover | — | 139.07 | 160.97 | 209.22 | 204.08 | 207.98 | 201.19 | 165.03 | 132.97 | 132.99 |
| Asset turnover | 0.92 | 0.98 | 1.15 | 1.36 | 1.13 | 1.06 | 1.08 | 1.09 | 1.04 | 1.04 |
| Average receivables | $97.9M | $107.5M | $124.3M | $119.4M | $98.7M | $96.3M | $94.2M | $82.9M | $77.3M | $77.6M |
| Average payables | $27.3M | $31.1M | $36.9M | $28.7M | $22.9M | $24.3M | $19.3M | $16.1M | $28.9M | $37.4M |
| Average inventory | — | $6.0M | $5.9M | $4.9M | $3.9M | $3.4M | $3.5M | $3.9M | $4.3M | $4.2M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from MRTN's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MRTN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Marten Transport traded at 53.2 times earnings, against a 10-year median of 20.0. Based on the latest twelve months, the trailing P/E is 85.6 and the forward P/E is 17.6. Marten Transport earned a return on equity of 2.3% and a return on invested capital of 1.1% in fiscal 2025. It ended the year with $0.4 million of debt and $43.3 million in cash and short-term investments, a net cash position of $42.9 million. It returned $14.7 million to shareholders: $14.7 million in dividends and $0 in share buybacks.
See the MRTN income statement, the MRTN chart for price history, or the MRTN stock overview for the latest quote and news.
MRTN key metrics FAQ
What is Marten Transport's P/E ratio?
Marten Transport's trailing P/E ratio is 85.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.6. At the end of fiscal 2025 it was 53.2, compared with a 10-year median of 20.0.
What is Marten Transport's EV/EBITDA?
Marten Transport's enterprise value was 6.8 times EBITDA at the end of fiscal 2025 (enterprise value $884.8 million, EBITDA $129.8 million); the current EV/EBITDA is 9.0.
What is Marten Transport's return on equity?
Marten Transport's return on equity (ROE) was 2.3% in fiscal 2025: net income of $17.4 million on average shareholders' equity of $767.8 million.
What is Marten Transport's ROIC?
Marten Transport's return on invested capital was 1.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Marten Transport have?
Marten Transport had total debt of $0.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Marten Transport's dividend yield?
Marten Transport's forward dividend yield is 1.87%. Marten Transport paid $14.7 million in dividends in fiscal 2025 ($0.18 per share), a payout ratio of 84.1%.
What is Marten Transport's free cash flow yield?
Marten Transport generated -$51.1 million of free cash flow in fiscal 2025, a free cash flow yield of −5.5% on its market value at year-end ($927.7 million).
What is Marten Transport's current ratio?
Marten Transport's current ratio was 1.86 at the end of fiscal 2025: current assets were 1.86 times current liabilities.