Marten Transport, Ltd. (MRTN) Stock Price & Analysis
Marten Transport, Ltd. (MRTN) closed at USD 12.3 on Thursday, October 22, 2026, down 2.84% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 12.66; the Oct 22, 2026 session ranged USD 12.29–12.96 on volume of 1,095,793 shares. Market capitalization is $1.00B, with a 52-week range of USD 9.35–18.48 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:57 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MRTN.md
Key facts (MRTN)
- Last four reported quarters (through Jun 30, 2026): revenue $858M, net income $12.6M (1.5% margin) (SEC filings).
- Valuation: P/E 79.4x (avg 41.6x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 2.67 on a 1–5 scale) (3 analysts), mean target USD 17 (range 15–19).
- Total return with dividends: 1Y +17.1% vs S&P 500 +14.9%; 5Y -20.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 0.1, revenue estimate $239M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MRTN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $974M | $1.26B | $1.13B | $964M | $884M | $858M |
| Operating income | $112M | $143M | $90.1M | $33.2M | $22.9M | $15.8M |
| Net income | $85.4M | $110M | $70.4M | $26.9M | $17.4M | $12.6M |
| EPS (diluted) | $1.02 | $1.35 | $0.86 | $0.33 | $0.21 | — |
| Operating margin | 11.5% | 11.3% | 8.0% | 3.4% | 2.6% | 1.8% |
| Net margin | 8.8% | 8.7% | 6.2% | 2.8% | 2.0% | 1.5% |
| Revenue growth | +11.4% | +29.8% | -10.5% | -14.8% | -8.3% | — |
| Cash + short-term investments | $57.0M | $80.6M | $53.2M | $17.3M | $43.3M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MRTN)
P/E 79.4x · P/S 1.2x · P/B 1.3x · Earnings yield 1.26% · Dividend yield (paid, TTM) 1.95%
P/E at fiscal year-ends: Dec 2025 53.2x, Dec 2024 47.2x, Dec 2023 24.3x.
Analysts (MRTN)
Consensus Hold (mean 2.67 on a 1–5 scale), 3 analysts; mean target USD 17 (low 15, high 19).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-24 | Stephens & Co. | Target lowered | Equal-Weight | $18 → $16 |
Total return (dividends reinvested) (MRTN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +17.1% | -20.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +17.2% | -4.4% |
| Volatility (annualized) | 32.6% | 28.9% |
| Max drawdown | -32.2% (Jun 2026→Oct 2026) | -56.4% (Jul 2023→Oct 2025) |
MRTN revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Truckload | $116.3M | 52.0% | +9.2% |
| Dedicated | $67.3M | 30.1% | -6.4% |
| Total revenue | $223.5M | 100% | — |
MRTN revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Revenue Net Of Fuel Surcharge | $92.7M | 41.5% | +0.3% |
| Truckload Fuel Surcharge Revenue | $23.6M | 10.6% | +68.5% |
| Fuel Surcharge Revenue | $14.7M | 6.6% | +39.7% |
| Total revenue | $223.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MRTN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Marten Transport Logistics | “Our Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for our customers in temperature-controlled trailers and dry vans within the United States and into and out of Mexico through Marten Transport Logistics, LLC, which was established in 2007 and operates pursuant to brokerage authority granted by the United States Department of Transportation, or …” |
| Customer | Walmart (WMT) | “In 2025, our largest customer was Walmart.” |
| Customer | Hub Group | “On September 30, 2025, we closed on the previously announced agreement to sell the assets related to our Intermodal business to Hub Group, Inc. The transaction was structured as an asset sale of certain Intermodal equipment, including over 1,200 refrigerated containers, and associated customer contracts to Hub Group, Inc. for $51.8 million in cash.” |
Quoted from the company's 10-K filed Feb 27, 2026.
MRTN customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 20% of revenue, per the company's 10-K filed Feb 27, 2026. The company does not name it.
MRTN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.10 | $0.10 | -4.8% | $238.8M | 2 |
| Next quarter (ends Mar 2027) | $0.10 | $0.10 | +0.0% | $231.1M | 2 |
| Current fiscal year (ends Dec 2026) | $0.24 | $0.28 | -10.9% | $895.9M | 2 |
| Next fiscal year (ends Dec 2027) | $0.60 | $0.64 | -6.3% | $981.5M | 2 |
MRTN options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 42.7% | ±13.5% |
| Dec 18, 2026 | 56 | 44.5% | ±14.8% |
| Mar 19, 2027 | 147 | 45.8% | ±24.1% |
| Jun 17, 2027 | 237 | 35.6% | ±23.4% |
30-day implied volatility 32.2% vs 21.7% realized over the last 30 trading days. Put/call ratio (volume) 11.67. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:57 UTC)
| Price | USD 12.3 |
|---|---|
| Change | ▼ 2.84% (down) |
| Previous Close | USD 12.66 |
| Open | USD 12.67 |
| Day Range | USD 12.29 – 12.96 |
| 52-Week Range | USD 9.35 – 18.48 |
| Volume | 1,095,793 shares |
| Market Cap | $1.00B |
| Exchange | NMS |
Technical Analysis (MRTN)
Nexqual's technical model rates MRTN "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:57 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 30.27 (neutral) |
| vs SMA50 | Below (USD 13.64) |
| MACD | -0.32 (negative) |
Analyst Ratings (MRTN)
Wall Street analysts rate MRTN "Hold" based on 3 analysts, with a mean price target of USD 17 (range USD 15–19), per Nexqual as of October 23, 2026 at 09:57 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 17 |
| High Target | USD 19 |
| Low Target | USD 15 |
| Buy / Hold / Sell | 1 / 2 / 0 |
Earnings (MRTN)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD 0.1 |
| Revenue Estimate | $238.77M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.04 vs est 0.06 ▼ miss |
| 2026-06-30 | USD 0.07 vs est 0.08 ▼ miss |
| 2026-03-31 | USD 0.02 vs est 0.02 ▼ miss |
| 2025-12-31 | USD 0.05 vs est 0.03 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Financials & Fundamentals (MRTN)
| Total Revenue | $857.65M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -2.80% |
| Gross Margin | +22.69% |
| Operating Margin | +2.34% |
| Profit Margin | +1.47% |
| ROE | +1.65% |
| Debt / Equity | 0 |
| Current Ratio | 2.5 |
| Total Cash | $103.98M |
| Total Debt | $358,000 |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Financial Health Score (MRTN)
Nexqual rates Marten Transport, Ltd.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:57 UTC.
| Growth | Weak — Revenue -8% YoY (annual), declining |
|---|---|
| Profitability | Weak — Gross margin 23%, operating 2% (last 12 months) |
| Balance Sheet | Strong — $104M cash, no debt |
| Cash Flow | Solid — Operating cash flow $93M (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 2%, ROA 0.5% |
Ownership (MRTN)
| Insider Ownership | +29.29% |
|---|---|
| Institutional Ownership | +76.92% |
| Shares Outstanding | 81.66M |
| Float | 57.59M |
| Short % of Float | +8.68% |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Leadership (MRTN)
Marten Transport, Ltd. is led by Randolph L. Marten, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 09:57 UTC.
| CEO & Chairman of the Board | Randolph L. Marten |
|---|---|
| President | Douglas Paul Petit |
| Executive VP & CFO | James J. Hinnendael |
| Executive VP & COO | Adam D. Phillips |
| Executive VP & CTO | Randall J. Baier |
Major Backers & Investors (MRTN)
Notable institutional backers of Marten Transport, Ltd. include American Century Companies Inc, FMR, LLC, Fidelity, according to Nexqual as of October 23, 2026 at 09:57 UTC.
Active Investors
| Investor | Stake |
|---|---|
| American Century Companies Inc | 3.43% |
| FMR, LLC | 3.31% |
| Fidelity | 2.64% |
| Goldman Sachs | 2.57% |
| Two Sigma Investments, LP | 2.24% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.32% |
| Dimensional Fund Advisors | 6.12% |
| State Street | 3.34% |
| Vanguard Group | 3.09% |
| Nuveen | 2.38% |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
From Marten Transport, Ltd.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- We are one of the leading temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment.
- We believe we are the largest or second largest temperature-sensitive carrier for eight of our top ten customers.
- Maintaining a relatively new and standardized fleet allows us to operate most miles while the tractors are under warranty to minimize repair and maintenance costs.
Legal & Regulatory Risks (Item 1A, quoted)
- We operate in a highly regulated industry and increased costs of compliance with, or liability for violation of, existing or future regulations could have a materially adverse effect on our business.
- Our operations are subject to various environmental laws and regulations, the violation of which could result in substantial fines or penalties.
- Our business is subject to the risk of litigation, which may adversely affect our business and operating results.
- The outcome of litigation, particularly class action lawsuits, is difficult to assess or quantify, and the magnitude of the potential loss relating to such lawsuits may remain unknown for substantial periods of time.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| HTLD | Heartland Express, Inc. | USD 10.29 | ▲ 0.29% |
| CVLG | Covenant Logistics Group, Inc. | USD 29.77 | ▼ 0.43% |
| WERN | Werner Enterprises, Inc. | USD 29.18 | ▼ 2.34% |
| ULH | Universal Logistics Holdings, I | USD 17.35 | ▲ 4.33% |
| ARCB | ArcBest Corporation | USD 130.3 | ▼ 0.39% |
| RXO | RXO, Inc. | USD 28.92 | ▲ 0.49% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:57 UTC. This page is informational and not investment advice.
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