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Marten Transport (MRTN) Financials

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$14.76 -0.20 (-1.30%)
As of 03:04 PM Eastern
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Annual Income Statements for Marten Transport

Annual Income Statements for Marten Transport

This table shows Marten Transport's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 36 33 90 55 61 70 85 110 70 27 17
Consolidated Net Income / (Loss)		 36 33 90 55 61 70 85 110 70 27 17
Net Income / (Loss) Continuing Operations		 36 33 90 55 61 70 85 110 70 27 17
Total Pre-Tax Income 		61 57 56 71 78 93 112 144 94 36 24
Total Operating Income		 61 58 57 70 76 93 112 143 90 33 23
Total Gross Profit		 233 242 354 391 410 420 462 624 553 453 412
Total Revenue		 665 671 698 788 843 874 974 1,264 1,131 964 884
Operating Revenue		 665 671 698 788 843 874 974 1,264 1,131 964 884
Total Cost of Revenue		 432 430 344 397 433 455 511 640 578 511 471
Operating Cost of Revenue		 432 430 344 397 433 455 511 640 578 511 471
Total Operating Expenses		 172 183 297 321 334 326 351 480 463 420 390
Selling, General & Admin Expense		 19 20 55 61 61 69 69 89 91 83 87
Depreciation Expense		 75 82 85 89 95 103 103 111 117 112 105
Other Operating Expenses / (Income)		 48 49 162 179 186 165 196 294 269 230 210
Other Special Charges / (Income)		 - - -5.50 -7.24 -8.68 -10 -16 -13 -14 -4.97 -12
Total Other Income / (Expense), net		 -0.37 -1.24 -0.39 0.68 1.19 0.14 0.04 0.83 3.81 3.13 1.46
Other Income / (Expense), net		 -0.37 -1.24 -0.39 0.68 1.19 0.14 0.04 0.83 3.81 3.13 1.46
Income Tax Expense		 25 24 -34 16 17 24 26 34 24 9.42 6.93
Basic Earnings per Share		 $0.64 $0.62 $1.66 $0.67 $0.75 $0.84 $1.03 $1.35 $0.87 $0.33 $0.21
Weighted Average Basic Shares Outstanding		 33.48M 54.18M 54.49M 54.59M 54.77M 82.71M 83.04M 81.15M 81.32M 81.46M 81.54M
Diluted Earnings per Share		 $0.64 $0.61 $1.65 $0.67 $0.74 $0.84 $1.02 $1.35 $0.86 $0.33 $0.21
Weighted Average Diluted Shares Outstanding		 33.48M 54.18M 54.49M 54.59M 54.77M 82.71M 83.04M 81.15M 81.32M 81.46M 81.54M
Weighted Average Basic & Diluted Shares Outstanding		 33.48M 54.18M 54.49M 54.59M 54.77M 82.71M 83.04M 81.15M 81.32M 81.46M 81.54M
Cash Dividends to Common per Share		 $0.06 $0.06 $0.08 $0.07 $0.51 $0.63 $0.66 $0.24 $0.24 $0.24 $0.24

Quarterly Income Statements for Marten Transport

This table shows Marten Transport's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 12 9.65 7.89 3.75 5.63 4.34 7.19 2.23 3.70 1.38 5.34
Consolidated Net Income / (Loss)		 12 9.65 7.89 3.75 5.63 4.34 7.19 2.23 3.70 1.38 5.34
Net Income / (Loss) Continuing Operations		 12 9.65 7.89 3.75 5.63 4.34 7.19 2.23 3.70 1.38 5.34
Total Pre-Tax Income 		17 13 11 5.19 7.12 6.21 10 2.95 5.05 2.05 7.64
Total Operating Income		 16 12 9.97 4.27 6.73 5.86 9.73 2.74 4.58 1.59 6.92
Total Gross Profit		 178 119 116 109 108 107 108 99 98 98 66
Total Revenue		 268 250 246 237 230 223 230 220 210 204 224
Operating Revenue		 268 250 246 237 230 223 230 220 210 204 224
Total Cost of Revenue		 90 131 130 128 122 116 122 121 112 106 157
Operating Cost of Revenue		 90 131 130 128 122 116 122 121 112 106 157
Total Operating Expenses		 163 107 107 105 101 101 98 96 94 96 60
Selling, General & Admin Expense		 23 19 21 21 22 22 24 19 22 19 17
Depreciation Expense		 29 29 28 27 28 27 27 25 25 25 25
Other Operating Expenses / (Income)		 113 61 60 57 52 53 53 54 50 53 20
Other Special Charges / (Income)		 -1.80 -1.17 -2.53 -0.88 -0.39 -1.67 -5.18 -1.90 -3.32 -1.42 -1.67
Total Other Income / (Expense), net		 0.87 0.80 1.01 0.92 0.39 0.35 0.44 0.21 0.47 0.46 0.72
Other Income / (Expense), net		 0.87 0.80 1.01 0.92 0.39 0.35 0.44 0.21 0.47 0.46 0.72
Income Tax Expense		 4.13 3.40 3.10 1.44 1.49 1.87 2.98 0.73 1.35 0.67 2.30
Basic Earnings per Share		 $0.15 $0.12 $0.10 $0.05 $0.06 $0.05 $0.09 $0.03 $0.04 $0.02 $0.07
Weighted Average Basic Shares Outstanding		 81.32M 81.36M 81.41M 81.45M 81.46M 81.49M 81.52M 81.52M 81.54M 81.59M 81.66M
Diluted Earnings per Share		 $0.14 $0.12 $0.10 $0.05 $0.06 $0.05 $0.09 $0.03 $0.04 $0.02 $0.07
Weighted Average Diluted Shares Outstanding		 81.32M 81.36M 81.41M 81.45M 81.46M 81.49M 81.52M 81.52M 81.54M 81.59M 81.66M
Weighted Average Basic & Diluted Shares Outstanding		 81.32M 81.36M 81.41M 81.45M 81.46M 81.49M 81.52M 81.52M 81.54M 81.59M 81.66M
Cash Dividends to Common per Share		 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06

Annual Cash Flow Statements for Marten Transport

This table details how cash moves in and out of Marten Transport's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.31 0.05 15 41 -25 35 -9.13 24 -27 -36 31
Net Cash From Operating Activities		 129 134 122 154 156 190 171 219 164 135 93
Net Cash From Continuing Operating Activities		 129 134 122 154 156 190 171 219 164 135 93
Net Income / (Loss) Continuing Operations		 36 33 90 55 61 70 85 110 70 27 17
Consolidated Net Income / (Loss)		 36 33 90 55 61 70 85 110 70 27 17
Depreciation Expense		 75 82 85 89 95 103 103 111 117 112 105
Amortization Expense		 - - - 6.98 6.86 6.58 6.43 6.60 7.17 6.89 6.40
Non-Cash Adjustments To Reconcile Net Income		 -7.99 -8.60 -6.57 -3.70 -6.71 -5.33 -14 -4.21 -22 -5.79 -14
Changes in Operating Assets and Liabilities, net		 26 26 -47 7.31 0.10 16 -9.44 -4.27 -8.11 -4.86 -22
Net Cash From Investing Activities		 -125 -97 -95 -105 -141 -106 -124 -135 -173 -152 -43
Net Cash From Continuing Investing Activities		 -125 -97 -95 -105 -141 -106 -124 -135 -173 -152 -43
Purchase of Property, Plant & Equipment		 -188 -162 -157 -169 -189 -173 -199 -177 -241 -233 -145
Sale of Property, Plant & Equipment		 63 65 61 64 48 67 76 42 68 81 102
Other Investing Activities, net		 -0.04 -0.04 -0.04 -0.02 -0.03 -0.04 -0.04 -0.04 -0.05 -0.05 -0.05
Net Cash From Financing Activities		 -3.28 -36 -11 -8.38 -41 -49 -57 -61 -19 -19 -20
Net Cash From Continuing Financing Activities		 -3.28 -36 -11 -8.38 -41 -49 -57 -61 -19 -19 -20
Payment of Dividends		 -3.34 -3.25 -4.36 -5.46 -42 -52 -55 -20 -20 -20 -20
Issuance of Common Equity		 3.49 4.42 1.09 0.94 1.62 4.79 0.88 2.00 1.21 1.30 0.25
Other Financing Activities, net		 -0.75 -0.13 -0.10 -0.10 -0.78 -0.44 -2.74 -1.61 -0.93 -0.38 -0.28
Cash Interest Paid		 0.25 0.21 0.15 0.05 0.05 0.00 0.00 0.07 0.01 0.00 0.00
Cash Income Taxes Paid		 2.12 0.03 14 9.53 4.95 18 22 24 37 19 27

Quarterly Cash Flow Statements for Marten Transport

This table details how cash moves in and out of Marten Transport's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -15 21 3.47 -34 -26 23 -4.85 19 -6.21 27 34
Net Cash From Operating Activities		 38 46 36 29 24 36 33 19 5.58 33 28
Net Cash From Continuing Operating Activities		 38 46 36 29 24 36 33 19 5.58 33 28
Net Income / (Loss) Continuing Operations		 12 9.65 7.89 3.75 5.63 4.34 7.19 2.23 3.70 1.38 5.34
Consolidated Net Income / (Loss)		 12 9.65 7.89 3.75 5.63 4.34 7.19 2.23 3.70 1.38 5.34
Depreciation Expense		 29 29 28 27 28 27 27 25 25 25 25
Amortization Expense		 1.76 1.76 1.78 1.70 1.64 1.58 1.63 1.59 1.60 1.49 1.41
Non-Cash Adjustments To Reconcile Net Income		 7.44 1.99 -4.33 -0.46 0.07 -1.26 -9.22 9.60 -18 -1.29 2.67
Changes in Operating Assets and Liabilities, net		 -12 3.80 2.28 -2.91 -11 4.08 6.24 -20 -7.20 6.45 -6.51
Net Cash From Investing Activities		 -48 -20 -28 -59 -45 -8.41 -33 5.79 -7.14 -1.61 11
Net Cash From Continuing Investing Activities		 -48 -20 -28 -59 -45 -8.41 -33 5.79 -7.14 -1.61 11
Purchase of Property, Plant & Equipment		 -65 -30 -65 -79 -58 -19 -57 -49 -19 -12 -3.08
Sale of Property, Plant & Equipment		 17 10 38 20 13 10 24 55 12 10 14
Net Cash From Financing Activities		 -4.83 -4.96 -4.58 -4.47 -4.63 -5.16 -4.89 -4.89 -4.65 -4.93 -4.21
Net Cash From Continuing Financing Activities		 -4.83 -4.96 -4.58 -4.47 -4.63 -5.16 -4.89 -4.89 -4.65 -4.93 -4.21
Payment of Dividends		 -4.88 -4.88 -4.88 -4.89 -4.89 -4.89 -4.89 -4.89 -4.89 -4.90 -4.90
Issuance of Common Equity		 0.05 0.31 0.31 0.42 0.26 0.01 - - 0.24 0.24 0.69

Annual Balance Sheets for Marten Transport

This table presents Marten Transport's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 632 654 690 754 797 832 871 966 990 969 950
Total Current Assets		 100 93 117 164 154 176 187 236 197 139 172
Cash & Equivalents		 0.43 0.49 16 57 31 66 57 81 53 17 43
Note & Lease Receivable		 11 4.44 6.13 3.81 11 4.20 6.97 7.22 10 5.36 13
Accounts Receivable		 71 69 75 83 91 83 99 121 106 90 86
Prepaid Expenses		 18 19 20 20 21 22 24 27 28 26 25
Other Current Assets		 - - - - - - - - - 0.00 5.00
Plant, Property, & Equipment, net		 528 558 572 588 640 654 682 728 792 829 777
Plant, Property & Equipment, gross		 - - - 816 904 930 956 1,075 1,162 1,199 1,129
Accumulated Depreciation		 197 202 212 228 264 276 274 347 370 370 352
Total Noncurrent Assets		 3.47 2.49 1.87 2.15 2.03 1.81 1.46 1.67 1.52 1.63 1.56
Other Noncurrent Operating Assets		 3.47 2.49 1.87 2.15 2.03 1.81 1.46 1.67 1.52 1.63 1.56
Total Liabilities & Shareholders' Equity		 632 654 690 754 797 832 871 966 990 969 950
Total Liabilities		 222 216 165 178 199 211 219 262 233 201 182
Total Current Liabilities		 50 61 64 72 76 90 94 124 110 94 92
Accounts Payable		 12 14 16 16 23 26 20 37 37 26 29
Accrued Expenses		 38 46 48 56 53 64 73 87 74 68 63
Total Noncurrent Liabilities		 172 156 101 106 123 122 125 137 123 107 90
Noncurrent Deferred & Payable Income Tax Liabilities		 134 148 101 106 122 121 125 137 122 107 90
Other Noncurrent Operating Liabilities		 - - - 0.00 0.65 0.41 0.29 0.41 0.25 0.28 0.19
Total Equity & Noncontrolling Interests		 409 437 526 576 598 620 652 704 757 768 768
Total Preferred & Common Equity		 409 437 526 576 598 620 652 704 757 768 768
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 409 437 526 576 598 620 652 704 757 768 768
Common Stock		 77 75 77 77 80 86 87 48 51 54 56
Retained Earnings		 333 363 449 499 517 534 565 656 707 714 712

Quarterly Balance Sheets for Marten Transport

This table presents Marten Transport's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 979 1,004 997 993 1,010 1,000 983 992 976 947 955
Total Current Assets		 244 232 225 214 220 170 163 156 176 196 238
Cash & Equivalents		 96 81 68 74 77 43 40 35 49 70 104
Note & Lease Receivable		 7.99 11 12 10 11 6.89 4.72 7.39 9.20 8.11 12
Accounts Receivable		 115 112 118 105 100 94 95 91 92 92 92
Prepaid Expenses		 24 29 27 25 31 27 23 22 25 21 25
Other Current Assets		 - - - - - - - - - 5.00 5.00
Plant, Property, & Equipment, net		 734 771 771 777 789 828 819 834 793 750 716
Plant, Property & Equipment, gross		 1,082 1,123 1,129 1,156 1,150 1,193 1,199 1,207 1,148 1,113 1,080
Accumulated Depreciation		 349 352 358 378 361 365 380 373 355 363 364
Total Noncurrent Assets		 1.64 1.61 1.62 1.50 1.52 1.71 1.78 1.74 6.66 1.55 1.48
Other Noncurrent Operating Assets		 1.64 1.61 1.62 1.50 1.52 1.71 1.78 1.74 6.66 1.55 1.48
Total Liabilities & Shareholders' Equity		 979 1,004 997 993 1,010 1,000 983 992 976 947 955
Total Liabilities		 258 264 248 231 243 234 216 221 207 183 190
Total Current Liabilities		 120 131 122 111 119 117 110 117 116 94 95
Accounts Payable		 42 36 42 38 47 47 38 45 40 28 28
Accrued Expenses		 78 95 80 74 72 69 72 72 76 66 67
Total Noncurrent Liabilities		 138 133 126 119 124 117 106 104 92 89 94
Noncurrent Deferred & Payable Income Tax Liabilities		 138 133 126 119 124 116 106 104 92 89 94
Other Noncurrent Operating Liabilities		 0.34 0.31 0.32 0.20 0.22 0.35 0.39 0.32 0.25 0.16 0.12
Total Equity & Noncontrolling Interests		 722 740 749 762 767 766 768 771 768 764 766
Total Preferred & Common Equity		 722 740 749 762 767 766 768 771 768 764 766
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 722 740 749 762 767 766 768 771 768 764 766
Common Stock		 48 49 50 51 52 53 54 55 55 56 57
Retained Earnings		 674 691 699 712 715 713 714 716 713 709 709

Annual Metrics And Ratios for Marten Transport

This table displays calculated financial ratios and metrics derived from Marten Transport's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 81,520,424.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 81,520,424.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.18% 0.92% 4.02% 12.82% 7.07% 3.69% 11.35% 29.81% -10.48% -14.83% -8.31%
EBITDA Growth		 13.42% 2.57% 1.49% 17.66% 7.86% 12.89% 8.81% 18.60% -16.80% -28.89% -12.08%
EBIT Growth		 17.45% -5.97% -1.04% 25.78% 9.38% 20.21% 19.65% 29.03% -34.86% -61.30% -32.93%
NOPAT Growth		 22.12% -4.93% 165.89% -40.05% 10.34% 15.40% 23.06% 28.49% -38.46% -63.56% -33.37%
Net Income Growth		 19.81% -6.38% 169.79% -39.05% 10.98% 13.80% 22.92% 29.18% -36.23% -61.74% -35.21%
EPS Growth		 19.81% -6.38% 170.49% -39.05% 10.98% 13.51% 21.43% 32.35% -36.30% -61.63% -36.36%
Operating Cash Flow Growth		 56.97% 3.99% -8.91% 26.52% 1.46% 21.18% -9.70% 28.20% -25.11% -17.99% -30.65%
Free Cash Flow Firm Growth		 103.45% 2,723.07% -28.57% 73.59% -70.68% 516.11% -44.76% 80.51% -116.44% -64.07% 295.22%
Invested Capital Growth		 8.41% -0.47% 14.61% 1.86% 9.04% -2.11% 7.30% 4.82% 12.97% 6.60% -3.50%
Revenue Q/Q Growth		 -0.71% 0.58% 1.47% 2.76% 1.59% 1.17% 4.23% 4.61% -4.58% -3.77% -2.25%
EBITDA Q/Q Growth		 0.73% 0.33% 0.10% 8.88% 5.07% 3.81% 2.37% 2.52% -7.49% -6.48% -3.18%
EBIT Q/Q Growth		 -1.80% -1.59% 0.24% 8.47% -0.92% 7.51% 4.80% 1.84% -15.16% -20.56% -7.84%
NOPAT Q/Q Growth		 -0.56% -1.04% 167.82% -47.51% -0.03% 6.19% 6.38% 0.37% -16.52% -20.72% -10.70%
Net Income Q/Q Growth		 -0.50% -1.43% 169.40% -47.27% 0.02% 12.46% 1.52% 0.72% -15.71% -20.08% -9.99%
EPS Q/Q Growth		 -0.50% -1.43% 170.49% -47.27% 0.02% 12.00% 0.99% 0.00% -16.50% -19.51% -8.70%
Operating Cash Flow Q/Q Growth		 2.93% 1.74% -1.90% 10.73% -4.67% 0.24% 5.16% 6.28% -9.98% -9.56% -16.30%
Free Cash Flow Firm Q/Q Growth		 152.99% -9.17% 139.01% 26.24% -71.38% 58.52% -1.76% -9.25% -226.56% -96.30% 84.74%
Invested Capital Q/Q Growth		 0.98% 1.75% 10.77% -1.73% 4.38% -0.40% 0.63% 2.03% 3.36% 3.76% 0.78%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 35.03% 35.99% 50.66% 49.64% 48.64% 47.99% 47.50% 49.35% 48.90% 46.99% 46.68%
EBITDA Margin		 20.45% 20.79% 20.28% 21.15% 21.31% 23.20% 22.67% 20.71% 19.25% 16.07% 15.41%
Operating Margin		 9.18% 8.69% 8.15% 8.93% 9.07% 10.66% 11.47% 11.34% 7.96% 3.45% 2.59%
EBIT Margin		 9.13% 8.50% 8.09% 9.02% 9.21% 10.68% 11.48% 11.41% 8.30% 3.77% 2.76%
Profit (Net Income) Margin		 5.38% 4.99% 12.93% 6.99% 7.24% 7.95% 8.77% 8.73% 6.22% 2.79% 1.97%
Tax Burden Percent		 58.90% 58.64% 159.87% 77.47% 78.61% 74.42% 76.46% 76.54% 74.93% 74.07% 71.56%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 41.10% 41.36% -59.87% 22.53% 21.39% 25.58% 23.54% 23.46% 25.07% 25.93% 28.44%
Return on Invested Capital (ROIC)		 8.37% 7.67% 19.05% 10.59% 11.08% 12.39% 14.87% 18.02% 10.17% 3.38% 2.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.66% 4.43% 33.87% 9.14% 8.96% 12.17% 14.81% 17.10% 5.91% -3.19% -1.24%
Return on Net Nonoperating Assets (RNNOA)		 0.59% 0.23% -0.30% -0.60% -0.67% -0.98% -1.43% -1.74% -0.54% 0.15% 0.05%
Return on Equity (ROE)		 8.97% 7.90% 18.75% 9.99% 10.41% 11.41% 13.43% 16.28% 9.63% 3.53% 2.27%
Cash Return on Invested Capital (CROIC)		 0.30% 8.14% 5.43% 8.75% 2.43% 14.52% 7.82% 13.31% -2.01% -3.01% 5.79%
Operating Return on Assets (OROA)		 10.05% 8.88% 8.40% 9.84% 10.02% 11.47% 13.13% 15.70% 9.60% 3.71% 2.54%
Return on Assets (ROA)		 5.92% 5.21% 13.43% 7.62% 7.88% 8.54% 10.04% 12.02% 7.20% 2.75% 1.82%
Return on Common Equity (ROCE)		 8.97% 7.90% 18.75% 9.99% 10.41% 11.41% 13.43% 16.28% 9.63% 3.53% 2.27%
Return on Equity Simple (ROE_SIMPLE)		 8.73% 7.65% 17.18% 9.55% 10.22% 11.20% 13.11% 15.68% 9.29% 3.51% 0.00%
Net Operating Profit after Tax (NOPAT)		 36 34 91 54 60 69 85 110 68 25 16
NOPAT Margin		 5.41% 5.09% 13.02% 6.92% 7.13% 7.94% 8.77% 8.68% 5.97% 2.55% 1.86%
Net Nonoperating Expense Percent (NNEP)		 0.71% 3.24% -14.82% 1.45% 2.12% 0.21% 0.05% 0.92% 4.26% 6.57% 3.46%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 15.59% 8.92% 3.20% 2.14%
Cost of Revenue to Revenue		 64.97% 64.01% 49.34% 50.36% 51.36% 52.01% 52.50% 50.65% 51.10% 53.01% 53.32%
SG&A Expenses to Revenue		 2.84% 2.94% 7.90% 7.70% 7.27% 7.91% 7.07% 7.01% 8.05% 8.63% 9.79%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 25.84% 27.30% 42.52% 40.70% 39.57% 37.33% 36.03% 38.01% 40.94% 43.54% 44.08%
Earnings before Interest and Taxes (EBIT)		 61 57 56 71 78 93 112 144 94 36 24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 136 140 142 167 180 203 221 262 218 155 136
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.23 1.48 1.81 1.32 1.76 2.13 2.12 2.22 2.22 1.66 1.21
Price to Tangible Book Value (P/TBV)		 1.23 1.48 1.81 1.32 1.76 2.13 2.12 2.22 2.22 1.66 1.21
Price to Revenue (P/Rev)		 0.76 0.97 1.36 0.96 1.25 1.51 1.42 1.24 1.49 1.32 1.05
Price to Earnings (P/E)		 14.14 19.35 10.51 13.80 17.25 19.06 16.16 14.17 23.91 47.23 53.18
Dividend Yield		 0.67% 0.50% 0.46% 0.72% 0.62% 0.83% 3.73% 1.24% 1.16% 1.54% 2.11%
Earnings Yield		 7.07% 5.17% 9.52% 7.25% 5.80% 5.25% 6.19% 7.06% 4.18% 2.12% 1.88%
Enterprise Value to Invested Capital (EV/IC)		 1.22 1.47 1.83 1.35 1.80 2.27 2.22 2.38 2.31 1.67 1.22
Enterprise Value to Revenue (EV/Rev)		 0.82 0.98 1.34 0.89 1.21 1.44 1.36 1.17 1.44 1.30 1.00
Enterprise Value to EBITDA (EV/EBITDA)		 3.99 4.70 6.59 4.22 5.69 6.20 5.99 5.67 7.48 8.10 6.50
Enterprise Value to EBIT (EV/EBIT)		 8.95 11.48 16.52 9.89 13.15 13.47 11.84 10.29 17.35 34.51 36.28
Enterprise Value to NOPAT (EV/NOPAT)		 15.10 19.16 10.26 12.89 16.99 18.13 15.49 13.52 24.14 50.97 53.94
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.22 4.90 7.66 4.56 6.53 6.64 7.73 6.76 9.91 9.30 9.46
Enterprise Value to Free Cash Flow (EV/FCFF)		 422.15 18.04 35.98 15.61 77.41 15.47 29.46 18.30 0.00 0.00 20.71
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.09 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.09 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.08 0.05 -0.01 -0.07 -0.08 -0.08 -0.10 -0.10 -0.09 -0.05 -0.04
Leverage Ratio		 1.52 1.52 1.40 1.31 1.32 1.34 1.34 1.35 1.34 1.28 1.25
Compound Leverage Factor		 1.52 1.52 1.40 1.31 1.32 1.34 1.34 1.35 1.34 1.28 1.25
Debt to Total Capital		 8.47% 1.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 8.47% 1.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 91.53% 98.23% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.28 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.28 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.28 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 1.05 0.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 1.04 0.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 1.05 0.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 3.57 3.95 5.73 4.99 5.58 6.21 6.36 6.48 6.89 6.00 5.22
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.01 1.54 1.81 2.27 2.02 1.96 2.00 1.90 1.78 1.48 1.86
Quick Ratio		 1.64 1.22 1.51 2.00 1.75 1.71 1.74 1.68 1.53 1.20 1.54
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1.29 36 26 45 13 81 45 81 -13 -22 43
Operating Cash Flow to CapEx		 102.90% 137.59% 127.92% 147.09% 110.45% 178.38% 138.41% 162.68% 95.29% 88.64% 218.30%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.10 1.04 1.04 1.09 1.09 1.07 1.14 1.38 1.16 0.98 0.92
Accounts Receivable Turnover		 9.31 9.60 9.69 9.97 9.71 10.04 10.67 11.51 10.00 9.86 10.05
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 1.34 1.24 1.24 1.36 1.37 1.35 1.46 1.79 1.49 1.19 1.10
Accounts Payable Turnover		 29.72 32.55 22.32 24.65 22.43 18.71 22.30 22.28 15.66 16.40 17.28
Days Sales Outstanding (DSO)		 39.21 38.01 37.67 36.59 37.60 36.35 34.19 31.72 36.49 37.02 36.31
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 12.28 11.21 16.36 14.81 16.27 19.51 16.37 16.38 23.30 22.25 21.13
Cash Conversion Cycle (CCC)		 26.93 26.80 21.31 21.79 21.33 16.84 17.82 15.35 13.19 14.77 15.18
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 447 445 510 519 566 554 595 623 704 751 724
Invested Capital Turnover		 1.55 1.51 1.46 1.53 1.55 1.56 1.69 2.08 1.70 1.32 1.20
Increase / (Decrease) in Invested Capital		 35 -2.12 65 9.48 47 -12 40 29 81 46 -26
Enterprise Value (EV)		 543 655 933 703 1,022 1,258 1,323 1,484 1,630 1,254 884
Market Capitalization		 505 648 949 759 1,053 1,324 1,380 1,564 1,683 1,271 928
Book Value per Share		 $12.18 $13.43 $9.64 $10.58 $10.93 $7.50 $7.86 $8.68 $9.31 $9.43 $9.42
Tangible Book Value per Share		 $12.18 $13.43 $9.64 $10.58 $10.93 $7.50 $7.86 $8.68 $9.31 $9.43 $9.42
Total Capital		 447 445 526 576 598 620 652 704 757 768 768
Total Debt		 38 7.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 38 7.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 37 7.40 -16 -57 -31 -66 -57 -81 -53 -17 -43
Capital Expenditures (CapEx)		 125 97 95 105 142 106 124 135 172 152 43
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 50 32 37 35 46 20 36 31 33 28 36
Debt-free Net Working Capital (DFNWC)		 50 33 52 92 78 86 93 112 86 45 79
Net Working Capital (NWC)		 50 33 52 92 78 86 93 112 86 45 79
Net Nonoperating Expense (NNE)		 0.22 0.73 0.62 -0.53 -0.94 -0.10 -0.03 -0.63 -2.85 -2.32 -1.05
Net Nonoperating Obligations (NNO)		 37 7.40 -16 -57 -31 -66 -57 -81 -53 -17 -43
Total Depreciation and Amortization (D&A)		 75 82 85 96 102 109 109 118 124 119 112
Debt-free, Cash-free Net Working Capital to Revenue		 7.48% 4.81% 5.24% 4.42% 5.50% 2.26% 3.74% 2.45% 2.93% 2.88% 4.10%
Debt-free Net Working Capital to Revenue		 7.55% 4.88% 7.50% 11.62% 9.23% 9.82% 9.59% 8.82% 7.63% 4.67% 8.99%
Net Working Capital to Revenue		 7.55% 4.88% 7.50% 11.62% 9.23% 9.82% 9.59% 8.82% 7.63% 4.67% 8.99%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.43 $0.41 $1.11 $0.67 $0.75 $0.84 $1.03 $1.35 $0.87 $0.33 $0.21
Adjusted Weighted Average Basic Shares Outstanding		 80.98M 81.62M 81.85M 81.70M 82.15M 82.71M 83.04M 81.15M 81.32M 81.46M 81.54M
Adjusted Diluted Earnings per Share		 $0.42 $0.41 $1.10 $0.67 $0.74 $0.84 $1.02 $1.35 $0.86 $0.33 $0.21
Adjusted Weighted Average Diluted Shares Outstanding		 80.98M 81.62M 81.85M 81.70M 82.15M 82.71M 83.04M 81.15M 81.32M 81.46M 81.54M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 80.98M 81.62M 81.85M 81.70M 82.15M 82.71M 83.04M 81.15M 81.32M 81.46M 81.54M
Normalized Net Operating Profit after Tax (NOPAT)		 36 34 36 49 53 62 73 99 57 21 7.76
Normalized NOPAT Margin		 5.41% 5.09% 5.15% 6.21% 6.32% 7.05% 7.49% 7.87% 5.07% 2.17% 0.88%
Pre Tax Income Margin		 9.13% 8.50% 8.09% 9.02% 9.21% 10.68% 11.48% 11.41% 8.30% 3.77% 2.76%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 9.35% 9.72% 4.83% 9.92% 68.92% 75.35% 64.07% 17.73% 27.72% 72.58% 112.14%
Augmented Payout Ratio		 54.60% 32.17% 4.83% 16.75% 68.92% 76.21% 64.07% 55.56% 27.72% 72.58% 112.14%

Quarterly Metrics And Ratios for Marten Transport

This table displays calculated financial ratios and metrics derived from Marten Transport's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - 81,520,424.00 81,542,153.00 81,589,135.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 81,520,424.00 81,542,153.00 81,589,135.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - 0.05 0.02 0.07
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -16.85% -16.22% -13.80% -15.09% -14.09% -10.62% -6.63% -7.12% -8.82% -8.79% -2.77%
EBITDA Growth		 -27.28% -29.13% -32.31% -30.16% -22.84% -18.63% -4.55% -12.55% -12.34% -19.04% -13.57%
EBIT Growth		 -50.38% -56.30% -62.49% -71.55% -56.91% -52.41% -7.44% -43.15% -29.11% -66.99% -24.91%
NOPAT Growth		 -53.23% -58.58% -66.01% -75.96% -54.70% -54.83% -3.95% -33.10% -36.94% -73.75% -29.70%
Net Income Growth		 -51.40% -57.13% -63.93% -72.39% -54.57% -55.06% -8.91% -40.70% -34.37% -68.12% -25.70%
EPS Growth		 -54.84% -57.14% -62.96% -70.59% -57.14% -58.33% -10.00% -40.00% -33.33% -60.00% -22.22%
Operating Cash Flow Growth		 -32.39% -7.13% -26.85% 4.78% -37.46% -20.79% -7.45% -37.11% -76.54% -8.74% -16.54%
Free Cash Flow Firm Growth		 -1,862.48% -157.64% 50.90% 32.02% 40.44% 36.04% -71.31% 117.45% 172.07% 198.40% 300.13%
Invested Capital Growth		 12.97% 10.15% 4.56% 6.19% 6.60% 5.65% 6.69% -0.66% -3.50% -4.56% -10.02%
Revenue Q/Q Growth		 -4.05% -6.92% -1.38% -3.60% -2.92% -3.16% 3.03% -4.11% -4.70% -3.13% 9.84%
EBITDA Q/Q Growth		 -4.21% -7.85% -5.45% -16.32% 5.84% -2.83% 10.92% -23.33% 6.09% -10.26% 18.42%
EBIT Q/Q Growth		 -9.44% -21.05% -15.78% -52.76% 37.18% -12.82% 63.82% -70.98% 71.06% -59.41% 272.72%
NOPAT Q/Q Growth		 -8.51% -22.90% -20.94% -56.89% 72.37% -23.12% 68.11% -69.97% 62.48% -68.00% 350.28%
Net Income Q/Q Growth		 -8.82% -22.20% -18.21% -52.41% 50.05% -23.04% 65.77% -69.02% 66.08% -62.62% 286.32%
EPS Q/Q Growth		 -17.65% -14.29% -16.67% -50.00% 20.00% -16.67% 80.00% -66.67% 33.33% -50.00% 250.00%
Operating Cash Flow Q/Q Growth		 35.24% 20.18% -21.65% -17.71% -19.29% 52.21% -8.46% -44.08% -69.89% 492.06% -16.28%
Free Cash Flow Firm Q/Q Growth		 -20.17% 21.25% 57.92% -70.71% -5.29% 15.44% -12.72% 117.39% 334.87% 15.45% 129.27%
Invested Capital Q/Q Growth		 3.36% -2.20% 0.12% 4.92% 3.76% -3.07% 1.11% -2.30% 0.78% -4.13% -4.67%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 66.48% 47.70% 47.31% 45.95% 46.95% 47.81% 47.07% 45.00% 46.80% 48.12% 29.71%
EBITDA Margin		 17.53% 17.36% 16.64% 14.44% 15.75% 15.80% 17.01% 13.60% 15.14% 14.03% 15.12%
Operating Margin		 5.84% 4.91% 4.05% 1.80% 2.92% 2.63% 4.23% 1.24% 2.18% 0.78% 3.09%
EBIT Margin		 6.16% 5.23% 4.46% 2.19% 3.09% 2.78% 4.42% 1.34% 2.40% 1.01% 3.42%
Profit (Net Income) Margin		 4.62% 3.86% 3.20% 1.58% 2.44% 1.94% 3.13% 1.01% 1.76% 0.68% 2.39%
Tax Burden Percent		 75.03% 73.94% 71.80% 72.32% 79.10% 69.83% 70.66% 75.43% 73.24% 67.45% 69.91%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.97% 26.06% 28.20% 27.68% 20.90% 30.17% 29.34% 24.57% 26.76% 32.55% 30.09%
Return on Invested Capital (ROIC)		 7.47% 5.98% 4.50% 1.85% 3.06% 2.43% 3.87% 1.17% 1.91% 0.64% 2.65%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.49% 5.29% 3.58% 0.65% 2.18% 2.00% 3.32% 0.83% 0.79% 0.08% 1.93%
Return on Net Nonoperating Assets (RNNOA)		 -0.59% -0.61% -0.37% -0.05% -0.10% -0.15% -0.24% -0.05% -0.03% -0.01% -0.17%
Return on Equity (ROE)		 6.87% 5.38% 4.13% 1.81% 2.96% 2.28% 3.62% 1.12% 1.88% 0.64% 2.48%
Cash Return on Invested Capital (CROIC)		 -2.01% -1.33% 1.59% -1.59% -3.01% -2.72% -3.75% 3.21% 5.79% 6.55% 12.16%
Operating Return on Assets (OROA)		 7.13% 5.74% 4.62% 2.19% 3.04% 2.64% 4.07% 1.22% 2.21% 0.90% 3.01%
Return on Assets (ROA)		 5.35% 4.24% 3.32% 1.59% 2.41% 1.84% 2.88% 0.92% 1.62% 0.61% 2.10%
Return on Common Equity (ROCE)		 6.87% 5.38% 4.13% 1.81% 2.96% 2.28% 3.62% 1.12% 1.88% 0.64% 2.48%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 7.54% 5.68% 4.40% 0.00% 2.82% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 12 9.06 7.16 3.09 5.32 4.09 6.88 2.07 3.36 1.07 4.83
NOPAT Margin		 4.38% 3.63% 2.91% 1.30% 2.31% 1.83% 2.99% 0.94% 1.60% 0.53% 2.16%
Net Nonoperating Expense Percent (NNEP)		 0.97% 0.69% 0.92% 1.20% 0.88% 0.43% 0.55% 0.35% 1.13% 0.56% 0.73%
Return On Investment Capital (ROIC_SIMPLE)		 1.55% - - - 0.69% 0.53% 0.89% 0.27% 0.44% 0.14% 0.63%
Cost of Revenue to Revenue		 33.52% 52.30% 52.69% 54.05% 53.05% 52.19% 52.93% 55.00% 53.20% 51.88% 70.29%
SG&A Expenses to Revenue		 8.55% 7.58% 8.41% 9.00% 9.60% 9.73% 10.25% 8.76% 10.45% 9.52% 7.46%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 60.64% 42.79% 43.25% 44.15% 44.03% 45.19% 42.84% 43.76% 44.62% 47.34% 26.62%
Earnings before Interest and Taxes (EBIT)		 17 13 11 5.19 7.12 6.21 10 2.95 5.05 2.05 7.64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 47 43 41 34 36 35 39 30 32 29 34
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.22 1.96 1.96 1.88 1.66 1.46 1.37 1.13 1.21 1.40 1.85
Price to Tangible Book Value (P/TBV)		 2.22 1.96 1.96 1.88 1.66 1.46 1.37 1.13 1.21 1.40 1.85
Price to Revenue (P/Rev)		 1.49 1.38 1.44 1.44 1.32 1.19 1.15 0.96 1.05 1.24 1.65
Price to Earnings (P/E)		 23.91 26.04 34.48 42.78 47.23 51.72 50.63 44.84 53.18 73.88 111.96
Dividend Yield		 1.16% 1.30% 1.30% 1.36% 1.54% 1.75% 1.85% 2.25% 2.11% 1.83% 1.38%
Earnings Yield		 4.18% 3.84% 2.90% 2.34% 2.12% 1.93% 1.98% 2.23% 1.88% 1.35% 0.89%
Enterprise Value to Invested Capital (EV/IC)		 2.31 2.07 2.07 1.93 1.67 1.48 1.39 1.14 1.22 1.44 1.98
Enterprise Value to Revenue (EV/Rev)		 1.44 1.31 1.36 1.40 1.30 1.15 1.11 0.91 1.00 1.16 1.53
Enterprise Value to EBITDA (EV/EBITDA)		 7.48 7.12 7.89 8.44 8.10 7.34 7.06 5.83 6.50 7.73 10.56
Enterprise Value to EBIT (EV/EBIT)		 17.35 18.46 24.21 30.56 34.51 36.53 35.68 30.98 36.28 49.50 74.16
Enterprise Value to NOPAT (EV/NOPAT)		 24.14 26.02 34.90 45.04 50.97 54.85 52.82 44.64 53.94 74.89 115.90
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.91 8.85 9.64 9.38 9.30 8.60 8.35 7.34 9.46 11.08 15.46
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 132.65 0.00 0.00 0.00 0.00 35.45 20.71 21.51 15.43
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.09 -0.11 -0.10 -0.07 -0.05 -0.07 -0.07 -0.06 -0.04 -0.07 -0.09
Leverage Ratio		 1.34 1.33 1.34 1.32 1.28 1.29 1.30 1.29 1.25 1.26 1.27
Compound Leverage Factor		 1.34 1.33 1.34 1.32 1.28 1.29 1.30 1.29 1.25 1.26 1.27
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 6.64 6.16 5.88 5.78 5.91 5.16 4.89 4.55 5.15 5.60 6.62
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.78 1.92 1.85 1.46 1.48 1.48 1.34 1.52 1.86 2.08 2.50
Quick Ratio		 1.53 1.70 1.59 1.23 1.20 1.28 1.15 1.30 1.54 1.80 2.19
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -69 -54 -23 -39 -41 -35 -39 6.82 30 34 79
Operating Cash Flow to CapEx		 79.15% 226.35% 128.96% 49.78% 53.00% 433.14% 100.11% 0.00% 78.23% 2,128.07% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.16 1.10 1.04 1.00 0.98 0.95 0.92 0.92 0.92 0.90 0.88
Accounts Receivable Turnover		 10.00 9.82 9.87 9.48 9.86 9.35 9.62 9.74 10.05 9.23 9.35
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 1.49 1.43 1.34 1.25 1.19 1.17 1.13 1.12 1.10 1.10 1.11
Accounts Payable Turnover		 15.66 14.03 12.99 10.71 16.40 13.16 10.61 11.07 17.28 14.05 13.59
Days Sales Outstanding (DSO)		 36.49 37.18 36.98 38.52 37.02 39.04 37.92 37.46 36.31 39.53 39.04
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 23.30 26.02 28.10 34.06 22.25 27.74 34.40 32.98 21.13 25.98 26.85
Cash Conversion Cycle (CCC)		 13.19 11.16 8.89 4.45 14.77 11.30 3.53 4.48 15.18 13.55 12.19
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 704 689 690 723 751 728 736 719 724 694 662
Invested Capital Turnover		 1.70 1.65 1.55 1.43 1.32 1.32 1.29 1.25 1.20 1.22 1.23
Increase / (Decrease) in Invested Capital		 81 63 30 42 46 39 46 -4.76 -26 -33 -74
Enterprise Value (EV)		 1,630 1,424 1,424 1,398 1,254 1,078 1,024 820 884 1,001 1,312
Market Capitalization		 1,683 1,497 1,501 1,441 1,271 1,118 1,059 869 928 1,071 1,416
Book Value per Share		 $9.31 $9.37 $9.42 $9.41 $9.43 $9.42 $9.46 $9.42 $9.42 $9.37 $9.39
Tangible Book Value per Share		 $9.31 $9.37 $9.42 $9.41 $9.43 $9.42 $9.46 $9.42 $9.42 $9.37 $9.39
Total Capital		 757 762 767 766 768 768 771 768 768 764 766
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -53 -74 -77 -43 -17 -40 -35 -49 -43 -70 -104
Capital Expenditures (CapEx)		 48 20 28 59 45 8.36 33 -5.79 7.14 1.55 -11
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 33 29 23 11 28 13 4.08 11 36 32 39
Debt-free Net Working Capital (DFNWC)		 86 103 101 54 45 53 39 60 79 101 143
Net Working Capital (NWC)		 86 103 101 54 45 53 39 60 79 101 143
Net Nonoperating Expense (NNE)		 -0.65 -0.59 -0.73 -0.67 -0.31 -0.24 -0.31 -0.16 -0.34 -0.31 -0.50
Net Nonoperating Obligations (NNO)		 -53 -74 -77 -43 -17 -40 -35 -49 -43 -70 -104
Total Depreciation and Amortization (D&A)		 31 30 30 29 29 29 29 27 27 26 26
Debt-free, Cash-free Net Working Capital to Revenue		 2.93% 2.66% 2.24% 1.05% 2.88% 1.38% 0.44% 1.21% 4.10% 3.65% 4.54%
Debt-free Net Working Capital to Revenue		 7.63% 9.47% 9.64% 5.34% 4.67% 5.64% 4.25% 6.68% 8.99% 11.73% 16.66%
Net Working Capital to Revenue		 7.63% 9.47% 9.64% 5.34% 4.67% 5.64% 4.25% 6.68% 8.99% 11.73% 16.66%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.15 $0.12 $0.10 $0.05 $0.06 $0.05 $0.09 $0.03 $0.04 $0.02 $0.07
Adjusted Weighted Average Basic Shares Outstanding		 81.32M 81.36M 81.41M 81.45M 81.46M 81.49M 81.52M 81.52M 81.54M 81.59M 81.66M
Adjusted Diluted Earnings per Share		 $0.14 $0.12 $0.10 $0.05 $0.06 $0.05 $0.09 $0.03 $0.04 $0.02 $0.07
Adjusted Weighted Average Diluted Shares Outstanding		 81.32M 81.36M 81.41M 81.45M 81.46M 81.49M 81.52M 81.52M 81.54M 81.59M 81.66M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 81.32M 81.36M 81.41M 81.45M 81.46M 81.49M 81.52M 81.52M 81.54M 81.59M 81.66M
Normalized Net Operating Profit after Tax (NOPAT)		 10 8.19 5.34 2.45 5.02 2.93 3.22 0.63 0.93 0.12 3.67
Normalized NOPAT Margin		 3.88% 3.28% 2.17% 1.03% 2.18% 1.31% 1.40% 0.29% 0.44% 0.06% 1.64%
Pre Tax Income Margin		 6.16% 5.23% 4.46% 2.19% 3.09% 2.78% 4.42% 1.34% 2.40% 1.01% 3.42%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 27.72% 33.93% 44.85% 57.97% 72.58% 90.45% 93.53% 100.93% 112.14% 135.04% 154.83%
Augmented Payout Ratio		 27.72% 33.93% 44.85% 57.97% 72.58% 90.45% 93.53% 100.93% 112.14% 135.04% 154.83%

Financials Breakdown Chart

Key Financial Trends

Marten Transport (NASDAQ: MRTN) showed a sharp improvement in Q1 2026 profitability and cash generation versus the prior quarter, but results remain well below the stronger margins seen a year ago. Revenue dipped modestly year over year, yet the company’s cost structure improved enough to swing operating income back into positive territory after a weak Q4 2025. Cash flow was also solid, with operating cash generation comfortably covering dividends and capital spending.

  • Q1 2026 net income rebounded to $1.4 million from a Q4 2025 loss-adjusted level of $3.7 million, showing a return to profitability.
  • Operating income improved to $1.6 million in Q1 2026 versus $4.6 million in Q4 2025, but the bigger takeaway is that the company moved back to black after a soft finish to 2025.
  • Operating cash flow was strong at $33.0 million, supporting ongoing capital needs and shareholder returns.
  • Cash and equivalents rose to $69.8 million at March 31, 2026, up from $49.5 million at the end of Q3 2025.
  • Balance sheet equity remains substantial at $764.2 million, giving Marten Transport a solid capital base.
  • Share count stayed essentially flat, with diluted shares at 81.6 million, suggesting limited dilution pressure.
  • Revenue was $203.5 million in Q1 2026, down from $210.1 million in Q4 2025 and $223.2 million in Q1 2025, indicating a softer top line.
  • Gross profit margin improved sequentially from about 46.8% in Q4 2025 to about 48.1% in Q1 2026, helped by lower revenue costs.
  • Capital spending remained meaningful, with $11.9 million spent on property and equipment in Q1 2026, though this was partially offset by $10.4 million in asset sales.
  • Q1 2026 revenue was down year over year from $223.2 million in Q1 2025, showing demand pressure or weaker pricing.
  • Profitability is still far below 2024 levels, when quarterly net income regularly ran much higher, including $9.6 million in Q1 2024 and $7.9 million in Q2 2024.
  • Operating expenses remain heavy, with depreciation, other operating expenses, and SG&A continuing to consume a large share of gross profit.
  • Dividends continue to exceed quarterly earnings on a per-share basis, with a $0.06 dividend versus Q1 2026 EPS of $0.02.

Looking at the multi-year trend, Marten Transport is in a mixed position. The company generated very strong profitability and cash flow in parts of 2022 and 2023, but 2024 and early 2025 were more volatile, with earnings and cash generation swinging around as pricing and operating costs moved. The latest quarter suggests some stabilization, but not a full return to the stronger earnings power seen in prior years.

For retail investors, the key question is whether Q1 2026 marks a sustainable turnaround or just a short-term bounce. The balance sheet and cash flow remain supportive, but revenue softness and still-elevated operating costs mean the stock will likely depend on continued margin improvement and freight market conditions.

08/10/26 03:04 PM ETAI Generated. May Contain Errors.

Marten Transport Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Marten Transport's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Recent net income reported by Marten Transport includes:
  • 2021: $85.43 million
  • 2022: $110.35 million
  • 2023: $70.37 million
  • 2024: $26.92 million
  • 2025: $17.44 million
Find out what analysts predict for Marten Transport in the coming months.

Marten Transport's total operating income in 2025 was $22.91 million, based on the following breakdown:
  • Total Gross Profit: $412.47 million
  • Total Operating Expenses: $389.56 million

Over the last 10 years, Marten Transport's total revenue changed from $664.99 million in 2015 to $883.65 million in 2025, a change of 32.9%.

Marten Transport's total liabilities were at $182.14 million at the end of 2025, a 9.3% decrease from 2024, and a 18.0% decrease since 2015.

In the past 10 years, Marten Transport's cash and equivalents has ranged from $434 thousand in 2015 to $80.60 million in 2022, and is currently $43.28 million as of their latest financial filing in 2025.

Over the last 10 years, Marten Transport's book value per share changed from 12.18 in 2015 to 9.42 in 2025, a change of -22.7%.


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Financial statements for NASDAQ:MRTN last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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