Marten Transport Reports Weaker Q4 Results Amid Freight Recession

Marten Transport ( (MRTN) ) just unveiled an update.

On January 27, 2026, Marten Transport reported that net income for the fourth quarter ended December 31, 2025, fell to $3.7 million, or $0.05 per diluted share, from $5.6 million, or $0.07 per diluted share, a year earlier, even as earnings improved 66.1% from the depressed third quarter of 2025. Full-year 2025 net income declined to $17.4 million from $26.9 million in 2024 as operating revenue shrank to $883.7 million from $963.7 million, pressured by lower fuel surcharge revenue and a prolonged freight market recession marked by oversupply, weak demand, inflationary costs, freight rate reductions and network disruptions. Operating income also weakened year over year—to $4.6 million in the fourth quarter and $22.9 million for 2025—while operating expenses consumed a larger share of revenue, although sequential profitability and operating metrics such as revenue per tractor, rate per mile and miles per tractor improved in both truckload and dedicated operations. Management highlighted the continued resilience of its dedicated and brokerage segments and emphasized the company’s debt-free balance sheet, ongoing investments in technology and a modern fleet, and a focus on premium service, data-driven efficiencies and cost controls as key to positioning Marten for profitable organic growth once freight market conditions normalize.

The most recent analyst rating on (MRTN) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Marten Transport stock, see the MRTN Stock Forecast page.

Spark’s Take on MRTN Stock

According to Spark, TipRanks’ AI Analyst, MRTN is a Neutral.

Marten Transport’s overall stock score reflects a combination of mixed financial performance, cautious technical indicators, and high valuation concerns. The company’s strong balance sheet and strategic focus on core operations are positives, but current market conditions and financial pressures weigh on the outlook.

To see Spark’s full report on MRTN stock, click here.

More about Marten Transport

Marten Transport, headquartered in Mondovi, Wisconsin, is a multifaceted trucking and logistics company specializing in time- and temperature-sensitive as well as dry truck-based transportation and distribution. Operating across five business platforms—Temperature-Sensitive and Dry Truckload, Dedicated, Brokerage and MRTN de Mexico—Marten focuses on expedited movements for high-volume food, beverage and consumer packaged goods customers throughout the United States, Mexico and Canada. The company, whose Intermodal operations were sold effective September 30, 2025, is regarded as one of the leading temperature-sensitive truckload carriers in the U.S., and its common stock trades on the Nasdaq Global Select Market under the symbol MRTN.

Average Trading Volume: 807,748

Technical Sentiment Signal: Sell

Current Market Cap: $1.02B

For a thorough assessment of MRTN stock, go to TipRanks’ Stock Analysis page.