Marten Transport (MRTN) AI Stock Analysis

• Market Cap: $989.66M
• Dividend Yield: 2.01%
• Average Volume (3M): 614.21K
• Price to Earnings (P/E): 47.3
• Beta (1Y): 0.87
• Revenue Growth: -11.77%
• EPS Growth: -52.06%
• Country: US
• Employees: 3,776
• Sector: Industrials
• Sector Strength: 78
• Industry: Trucking
• EPS (TTM): 0.09
• Shares Outstanding: 81,520,424
• 10 Day Avg. Volume: 699,453
• 30 Day Avg. Volume: 614,211
• PEG Ratio: -0.76
• Price to Book (P/B): 1.65
• Price to Sales (P/S): 1.32
• P/FCF Ratio: -12.91
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 1.11
• Enterprise Value/Gross Profit: 3.69
• Enterprise Value/Ebitda: 7.66
• 1Y Price Target: $13.50
• Price Target Upside: 13.26% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 58 Neutral
• Price Target: $13.50 ▲(13.26% Upside)

Marten Transport's overall stock score is primarily influenced by its stable balance sheet and strong cash flow management. However, challenges in profitability and valuation concerns lower the score. The technical analysis indicates neutral momentum, further contributing to a moderate overall score.

Marten Transport Business Overview & Revenue Model

Company Description

Marten Transport, Ltd. (MRTN) is a leading freight transportation and logistics company based in the United States. The company specializes in providing truckload services, primarily through its refrigerated and dry van segments, catering to a diverse range of industries including food and beverage, retail, and manufacturing. Marten's operations encompass long-haul, regional, and dedicated services, allowing it to effectively meet the transportation needs of its customers while maintaining a commitment to safety and efficiency.

How the Company Makes Money

Marten Transport generates revenue primarily through its freight transportation services, which include truckload services for temperature-sensitive products via refrigerated trailers and dry van freight. The company's revenue model is built on charging customers for transporting goods over various distances, with pricing influenced by factors such as fuel costs, market demand, and service type. Key revenue streams include long-haul trucking, dedicated contract carriage, and regional deliveries. Additionally, Marten maintains strategic partnerships with various shippers and logistics companies, enhancing its service offerings and market reach. The company's focus on efficiency and customer service, combined with a well-maintained fleet and technology-driven operations, supports its earnings and competitive positioning in the logistics sector.

Marten Transport Financial Statement Overview

Summary

Marten Transport presents a stable financial profile with strengths in its balance sheet and cash flow management. The low debt-to-equity ratio and strong equity position provide a solid foundation. However, profitability margins and revenue growth face challenges, impacting the overall score.

Income Statement

Marten Transport's revenue has shown fluctuations, with a decline in recent periods. The TTM (Trailing-Twelve-Months) gross profit margin is 20.18%, and the net profit margin is 2.27%, both indicating moderate profitability. The company's EBIT and EBITDA margins are 2.71% and 11.93% respectively, showing some operational efficiency but room for improvement. The overall trajectory indicates some challenges in maintaining consistent revenue and profit growth.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio due to minimal debt levels. The return on equity (ROE) for the TTM is 2.71%, suggesting efficient use of equity to generate profits. The equity ratio is 77.68%, indicating a robust financial structure with substantial equity backing. The overall financial stability is strong, with limited leverage risks.

Cash Flow

Marten Transport exhibits healthy cash flow management, with a significant increase in free cash flow in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio is 5.87, highlighting efficient cash conversion. The free cash flow to net income ratio is 6.75, reflecting strong cash flow relative to net income. However, past periods have shown volatility in free cash flow, suggesting potential cash flow fluctuations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	920.87M	963.71M	1.13B	1.26B	973.64M	874.37M
Gross Profit	277.69M	130.70M	295.31M	238.50M	183.15M	170.76M
EBITDA	133.79M	139.90M	193.22M	240.98M	197.96M	185.69M
Net Income	20.91M	26.92M	70.37M	110.35M	85.43M	69.50M
Balance Sheet
Total Assets	991.82M	968.76M	990.34M	965.68M	870.69M	831.64M
Cash, Cash Equivalents and Short-Term Investments	35.05M	17.27M	53.21M	80.60M	56.99M	66.13M
Total Debt	317.00K	578.00K	249.00K	409.00K	291.00K	411.00K
Total Liabilities	221.10M	200.84M	232.95M	261.76M	219.01M	211.30M
Stockholders Equity	770.72M	767.92M	757.39M	703.92M	651.68M	620.33M
Cash Flow
Free Cash Flow	141.10M	-98.42M	-76.18M	42.87M	-28.09M	16.55M
Operating Cash Flow	122.64M	134.81M	164.38M	219.49M	171.20M	189.60M
Investing Cash Flow	-145.64M	-152.14M	-172.54M	-134.96M	-123.73M	-106.33M
Financing Cash Flow	-19.14M	-18.62M	-19.23M	-60.93M	-56.60M	-48.61M

Marten Transport Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MRTN, the sentiment is Negative. The current price of 11.92 is below the 20-day moving average (MA) of 12.36, below the 50-day MA of 12.88, and below the 200-day MA of 14.34, indicating a bearish trend. The MACD of -0.28 indicates Negative momentum. The RSI at 43.43 is Neutral, neither overbought nor oversold. The STOCH value of 83.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MRTN.

Marten Transport Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARCB	69 Neutral	$1.67B	10.93	12.50%	0.67%	-6.42%	25.72%
CVLG	66 Neutral	$644.25M	18.57	8.58%	1.03%	0.75%	-15.76%
ULH	64 Neutral	$649.81M	10.65	9.67%	1.62%	-5.55%	-52.21%
WERN	61 Neutral	$1.69B	33.05	3.65%	1.98%	-6.43%	-13.76%
MRTN	58 Neutral	$989.66M	47.31	2.72%	2.01%	-11.77%	-52.06%
Sector *	58 Neutral	HK$13.63B	5.51	-2.78%	5.72%	2.29%	-57.50%
HTLD	44 Neutral	$643.26M	―	-4.42%	0.97%	-16.42%	-49.44%

Marten Transport Corporate Events

Marten Transport Reports Decline in Q2 2025 Revenue

Marten Transport reported a decline in net income and operating revenue for the second quarter and first half of 2025 compared to the same periods in 2024. The company faced challenges due to the freight market recession, inflationary operating costs, and freight rate reductions, but remains focused on minimizing these impacts and positioning for future growth opportunities, particularly with anticipated industry capacity exits.

The most recent analyst rating on (MRTN) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Marten Transport stock, see the MRTN Stock Forecast page.

Marten Transport Elects Directors at Annual Meeting

Marten Transport, Ltd. held its 2025 Annual Meeting of Stockholders on May 6, 2025, where all seven director nominees were elected. Additionally, stockholders approved the 2025 Equity Incentive Plan, an advisory resolution on executive compensation, and the selection of Grant Thornton LLP as independent public accountants for the year ending December 31, 2025.

The most recent analyst rating on (MRTN) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Marten Transport stock, see the MRTN Stock Forecast page.