MARKETS / NASDAQ / Industrials / Trucking and road transport / MRTN

NASDAQ · TRUCKING (NO LOCAL) · LARGE CAP

Marten Transport Ltd. MRTN

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$883.7M

▼ 8.3% YoY

Net income

$17.4M

▼ 35.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Marten Transport, Ltd. transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, along with dry freight, across the United States and into and out of Mexico and Canada. In 2025, it generated $883.7 million in operating revenue. As of December 31, 2025, it had 3,502 employees. It has four reporting segments: Truckload, Dedicated, Brokerage, and Intermodal, the last of which was sold effective September 30, 2025. Organized under Wisconsin law in 1970, it is a successor to a sole proprietorship founded by Roger R. Marten in 1946, and it reincorporated under Delaware law in 1988.

Written from the business description in MARTEN TRANSPORT, LTD.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 883.7M

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 0.9 · Net income 0.0

0.5B1.0B

2009201220152018202120242025

Compound annual growth

Revenue

−11.2%

+0.2%

+2.9%

+3.6%

Net income

−45.9%

−24.2%

−6.9%

−0.8%

EPS, diluted

−46.2%

−24.2%

Dividend / share

+0.0%

−17.6%

Returned to shareholders

−30.1%

−17.9%

+2.0%

+23.0%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +0.2% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

2 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 2.6% · Net 2.0%

5%10%

200920172025

ROE

FY2025 · ROE 2.3%

5%10%15%

200920172025

Three returns, three denominators.

Return on equity2.3%

Return on assets1.8%

Return on capital employed2.6%

Gross margin·

Operating margin2.6%

Net margin2.0%

EBITDAUSD 128.3M

Each USD of equity produced 2 cents of profit this year.

Cash & shareholders

USD 19.6M

returned in FY2025 · dividends + net buybacks

Net buybacks $M Dividends $M

FY2025 · Dividends 19.6 · Net buybacks ·

25.0M50.0MDividendsNet buybacks

201020122014201620182020202220242025

Dividends paidUSD 19.6M

Net buybacks·

Share of profit112.1%

Consecutive raises·

USD 19.6M in dividends — 112% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 949.8M

EquityUSD 767.6M

CashUSD 43.3M

Current ratio1.86×

Equity funds 81% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data

MRTN, 17-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.9	1.0	1.1	1.3	1.0	0.9	0.8	0.8	0.7	0.7	0.7	0.7	0.7	0.6	0.6	0.5	0.5
Operating income $B	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0
EBITDA $B	0.1	0.1	0.2	0.3	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	0.21	0.33	0.86	1.35	1.02	0.84	0.74	0.67	1.65	0.61	0.64	0.89	0.90	0.82	0.73	0.90	0.74
Dividend / sh $	0.24	0.24	0.24	0.24	0.66	0.63	0.51	0.07	0.08	0.06	0.06	0.10	0.08	0.56	0.05	0.04	◌
Payout %	112	73	28	18	64	75	69	10	5	10	9	11	9	69	7	4	—
ROE %	2.3	3.5	9.6	16.3	13.4	11.4	10.4	10.0	18.8	7.9	9.0	8.0	8.8	8.4	7.9	6.9	5.9
Shares out B	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.05	0.05	0.05	0.03	0.03	0.03	0.03	0.02	0.02	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: the share count is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityTrucking (No Local)

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2009