Marten Transport (MRTN)
NASDAQ:MRTN
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Marten Transport
(NASDAQ:MRTN)
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Rating:55Neutral
Price Target:
$17.00
â–²(14.32% Upside)
Action:Reiterated
Date:06/19/26
Overall score is held back primarily by weakened profitability and persistently negative free cash flow, plus a very demanding valuation (high P/E). Offsetting factors include a notably strong, low-debt balance sheet and modestly constructive longer-term technical trend, while recent corporate updates are mixed.
Positive Factors
Low Leverage / Strong Balance Sheet
A near-zero debt-to-equity profile preserves funding flexibility and limits refinancing risk across cycles. This conservative balance sheet lets Marten sustain operations, fund fleet and technology investments, and absorb temporary cash shortfalls without immediately resorting to dilutive or high-cost financing.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow constrains the company’s ability to return capital, self-fund growth, or absorb shocks. Over time this can force asset sales, increased use of credit facilities, or equity issuance, limiting strategic flexibility even with a low-debt balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
A near-zero debt-to-equity profile preserves funding flexibility and limits refinancing risk across cycles. This conservative balance sheet lets Marten sustain operations, fund fleet and technology investments, and absorb temporary cash shortfalls without immediately resorting to dilutive or high-cost financing.
Read all positive factors
Marten Transport (MRTN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.42B
Dividend Yield2.07%
Average Volume (3M)726.99K
Price to Earnings (P/E)93.3
Beta (1Y)0.78
Revenue Growth-7.81%
EPS Growth-33.01%
CountryUS
Employees3,776
SectorIndustrials
Sector Strength72
IndustryTrucking
Share Statistics
EPS (TTM)0.18
Shares Outstanding81,589,134
10 Day Avg. Volume972,000
30 Day Avg. Volume726,985
Financial Highlights & Ratios
PEG Ratio-1.46
Price to Book (P/B)1.21
Price to Sales (P/S)1.05
P/FCF Ratio-18.17
Enterprise Value/Market Cap0.91
Enterprise Value/Revenue1.49
Enterprise Value/Gross Profit45.37
Enterprise Value/Ebitda11.12
Forecast
1Y Price Target
$18.00Price Target Upside21.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.28
Revenue Forecast (FY)$891.30M
Marten Transport Business Overview & Revenue Model
Company Description
Marten Transport, Ltd. functions as a prominent logistics firm, specializing in the temperature-controlled shipment of goods across the United States, Canada, and Mexico. The company's operations are divided into four main segments. Its Truckload ...
How the Company Makes Money
Marten Transport makes money primarily by being paid to move freight and to arrange freight movement for customers. Its key revenue streams include: (1) Asset-based truckload transportation: Marten operates company-owned tractors and trailers (inc...
Marten Transport Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
88
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 864.03M | 883.65M | 963.71M | 1.13B | 1.26B | 973.64M |
| Gross Profit | 28.30M | 50.49M | 130.70M | 188.73M | 238.50M | 183.15M |
| EBITDA | 115.41M | 129.77M | 139.90M | 193.22M | 240.98M | 197.96M |
| Net Income | 14.49M | 17.44M | 26.92M | 70.37M | 110.35M | 85.43M |
Balance Sheet | ||||||
| Total Assets | 947.23M | 949.77M | 968.76M | 990.34M | 980.52M | 884.26M |
| Cash, Cash Equivalents and Short-Term Investments | 69.79M | 43.28M | 17.27M | 53.21M | 80.60M | 56.99M |
| Total Debt | 157.00K | 388.00K | 282.00K | 249.00K | 710.00K | 540.00K |
| Total Liabilities | 183.02M | 182.14M | 200.84M | 232.95M | 276.60M | 232.59M |
| Stockholders Equity | 764.21M | 767.63M | 767.92M | 757.39M | 703.92M | 651.68M |
Cash Flow | ||||||
| Free Cash Flow | -47.32M | -51.06M | -98.42M | -76.18M | 42.87M | -28.09M |
| Operating Cash Flow | 90.32M | 93.49M | 134.81M | 164.38M | 219.49M | 171.20M |
| Investing Cash Flow | -36.07M | -42.88M | -152.14M | -172.54M | -134.96M | -123.73M |
| Financing Cash Flow | -19.37M | -19.60M | -18.62M | -19.23M | -60.93M | -56.60M |
Marten Transport Technical Analysis
Neutral
14.87
Price Trends
15.83
Positive
14.37
Positive
12.63
Positive
Market Momentum
0.51
Positive
46.04
Neutral
15.61
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MRTN, the sentiment is Neutral. The current price of 14.87 is below the 20-day moving average (MA) of 17.39, below the 50-day MA of 15.83, and above the 200-day MA of 12.63, indicating a neutral trend. The MACD of 0.51 indicates Positive momentum. The RSI at 46.04 is Neutral, neither overbought nor oversold. The STOCH value of 15.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MRTN.
Marten Transport Risk Analysis
Marten Transport disclosed 20 risk factors in its most recent earnings report. Marten Transport reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Marten Transport Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $3.56B | 58.25 | 4.30% | 0.62% | -1.65% | -67.84% | |
57 Neutral | $1.19B | -25.57 | -5.66% | 0.87% | -23.49% | -54.25% | |
55 Neutral | $1.42B | 93.32 | 1.89% | 2.07% | -7.81% | -33.01% | |
54 Neutral | $2.53B | -279.17 | -0.62% | 1.84% | 3.28% | -154.33% | |
53 Neutral | $1.11B | 208.05 | 1.23% | 1.23% | 7.15% | -87.09% | |
46 Neutral | $428.77M | -3.82 | -18.94% | 2.76% | -11.11% | -231.01% |
* Industrials Sector Average
MRTN
Marten Transport
16.85
4.23
33.51%
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Marten Transport Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Marten Transport Amends Credit Agreement, Enhancing Financial Flexibility
Positive
Jun 18, 2026
On June 12, 2026, Marten Transport, Ltd. entered into a First Amendment to its Credit Agreement with a syndicate of banks and U.S. Bank National Association acting as agent, formalizing updated terms to its existing credit facilities. The agreemen...
Executive/Board ChangesShareholder Meetings
Marten Transport Shareholders Reelect Board and Approve Compensation
Positive
May 11, 2026
At its Annual Meeting of Stockholders held on May 5, 2026, Marten Transport, Ltd. reported that shareholders re-elected seven directors, including Chairman Randolph L. Marten, to serve until the next annual meeting or until their successors are ch...
Business Operations and StrategyFinancial Disclosures
Marten Transport Earnings Decline Amid Freight Recession Pressures
Negative
Apr 23, 2026
Marten Transport reported that for the quarter ended March 31, 2026, net income fell to $1.4 million, or $0.02 per diluted share, from $4.3 million, or $0.05 per diluted share, a year earlier as operating revenue declined to $203.5 million from $2...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.