Marten Transport (MRTN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Marten Transport

NasdaqGS•Industrials•Trucking

$14.40+0.24(0.02%)Market closed

Market Cap

$1.10B

P/E

87.2x

P/S

1.3x

P/B

1.4x

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Mexico, and Canada. It operates through Truckload, Dedicated, and Brokerage segments. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2025, the company operated a fleet of 2,654 tractors that included 2,577 company-owned tractors and 77 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.

How this company scores

WeakMetricSide Score: 36/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Growth (4/25).

Profitability7/25

Growth4/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality10/25

Strengths

Interest easily coveredNet cash positionImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 87.2x5y range 13.0x – 87.2x

Currently above its 20-quarter median.

P/S · 1.3x5y range 1.0x – 1.5x

Currently near its 20-quarter median.

P/B · 1.4x5y range 1.1x – 2.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 37.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.10B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $857.65M
Q. Revenue: $223.54M
TTM EBITDA: $116.21M
TTM Op. Income: $15.83M
Q. Op. Income: $6.92M
TTM Net Income: $12.64M
Q. Net Income: $5.34M
EPS: $0.07
Shares Out.: $81.63M

$857.65M in TTM revenue declined 6.9% YoY, reaching $223.54M last quarter. TTM EBITDA of $116.21M and TTM operating income of $15.83M show growth is flowing through to the bottom line. TTM net income of $12.64M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 14.2%
Op. Margin: 3.1%
Net Margin: 2.4%

Op. margin of 3.1% is down 1.1% YoY — costs are rising relative to revenue. Net margin at 2.4% Over the past year, operating margin is down 27% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 87.2x
P/S Ratio: 1.3x
P/B Ratio: 1.4x

At 87.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.3x and P/B of 1.4x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $955.49M
Cash: $103.98M
Long-Term Debt: N/A
Book Value: $765.96M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $27.67M
TTM Free Cash Flow: $1.08M
FCF Margin: 0.1%
FCF / Net Income: 0.1

TTM FCF of $1.08M on $27.67M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 6 consecutive quarters — an improving trend.