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Marten Transport/$MRTN

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About Marten Transport

Marten Transport Ltd is a temperature-sensitive and dry truckload carrier in the United States. The company specializes in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage, generating the majority of its revenue from the Truckload segment. The Truckload segment offers a mix of regional short-haul and medium- to long-haul full-load transportation services transporting food and other consumer packaged goods.
Ticker
$MRTN
Sector
Mobility
Primary listing
NASDAQ
Employees
3,502

Marten Transport Metrics

BasicAdvanced
$959M
73.37
$0.16
1.01
$0.24
2.04%

What the Analysts think about Marten Transport

Analyst ratings (Buy, Hold, Sell) for Marten Transport stock.
Analyst projections of the future price of Marten Transport stock.

Bulls say / Bears say

Marten says tighter enforcement is taking non-compliant and unqualified driver capacity out of the market, and its truckload rate per mile excluding fuel rose 14.1% year on year in Q3. If rate gains persist, the improving market could lift earnings. (SEC)
Truckload revenue rose 11.9% in Q3, while the segment’s operating loss narrowed to $0.2 million from $2.0 million a year earlier. That progress suggests higher rates and tighter fleet management are beginning to improve segment performance. (FreightWaves)
Marten ended Q3 with a debt-free balance sheet, giving it financial room to invest in its fleet and technology through a weak patch and to pursue growth as freight conditions improve. (Marten Transport)
Fuel, health-insurance and driver-pay costs reduced Q3 net income by $3.7 million, or 4.5 cents per share, and EPS came in below analyst expectations. Fuel surcharge timing also means rapidly rising diesel costs can squeeze margins before customer recoveries catch up. (FreightWaves, SEC)
Underlying results remain uneven: dedicated revenue excluding fuel fell 9% year on year and its operating ratio worsened to 97.6%, while truckload still operated at a loss. Across the first nine months, operating income fell 36.9% year on year, showing that better pricing has not yet produced a broad earnings recovery. (FreightWaves, SEC)
Marten’s low current earnings leave little room for disappointment at a high share valuation: Investing.com cited a trailing P/E of 85.6 after the Q3 miss, and Stephens cut its price target from $15 to $12.50. If profit recovery takes longer than expected, the valuation could come under pressure. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2026.

Marten Transport Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Marten Transport Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Marten Transport

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