A Business at a Glance
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MARTEN TRANSPORT LTD
MRTN
$1.4B
Mkt Cap
$16.30
-3.44%
MARTEN TRANSPORT LTD (MRTN) has a current P/E ratio of 77.6, compared to its historical median P/E of 17.9. The stock is currently considered Expensive based on its historical valuation range.
MARTEN TRANSPORT LTD (MRTN) has a 5-year average return on invested capital (ROIC) of 9.6%. This is below average and may indicate limited pricing power.
MARTEN TRANSPORT LTD (MRTN) has a market capitalization of $1.3B. It is classified as a small-cap stock.
Yes, MARTEN TRANSPORT LTD (MRTN) pays a dividend with a trailing twelve-month yield of 1.47%.
Based on historical P/E analysis, MARTEN TRANSPORT LTD (MRTN) appears expensive. The current P/E of 77.6 is 332% above its historical median of 17.9. The estimated fair value CAGR (P/E method) is -9.8%.
MARTEN TRANSPORT LTD (MRTN) operates in the Trucking (No Local) industry, within the Industrials sector.
MARTEN TRANSPORT LTD (MRTN) reported annual revenue of $884 million in its most recent fiscal year, based on SEC EDGAR filings.
MARTEN TRANSPORT LTD operates in the Trucking (No Local) industry, Industrials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 864M | 884M | 964M | 1.1B | 1.3B | 974M |
| Net Income | 14M | 17M | 27M | 70M | 110M | 85M |
| EPS | $0.18 | $0.21 | $0.33 | $0.86 | $1.35 | $1.02 |
| Free Cash Flow | 0 | 92M | 127M | 164M | 219M | 171M |
| ROIC | 1.9% | 2.3% | 3.4% | 9.7% | 17.6% | 14.9% |
| Gross Margin | - | 64.7% | 64.5% | - | - | - |
| Debt/Equity | 0.01 | 0.00 | 0.00 | 0.04 | 0.04 | 0.00 |
| Dividends/Share | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.66 |
| Operating Income | 19M | 23M | 33M | 90M | 143M | 112M |
| Operating Margin | 2.2% | 2.6% | 3.4% | 8.0% | 11.3% | 11.5% |
| ROE | 1.9% | 2.3% | 3.5% | 9.6% | 16.3% | 13.4% |
| Shares Outstanding | 82M | 83M | 82M | 82M | 82M | 84M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 673M | 665M | 671M | 698M | 788M | 843M | 874M | 974M | 1.3B | 1.1B | 964M | 884M | 864M |
| Gross Margin | 45.1% | 52.0% | 54.3% | 52.7% | 52.3% | N/A | N/A | N/A | N/A | N/A | 64.5% | 64.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 183M | 209M | 225M | 226M | 252M | 274M | 300M | 318M | 390M | 379M | 342M | 312M | 305M |
| EBIT | 51M | 61M | 58M | 57M | 70M | 76M | 93M | 112M | 143M | 90M | 33M | 23M | 19M |
| Op. Margin | 7.6% | 9.2% | 8.7% | 8.1% | 8.9% | 9.1% | 10.7% | 11.5% | 11.3% | 8.0% | 3.4% | 2.6% | 2.2% |
| Net Income | 30M | 36M | 33M | 90M | 55M | 61M | 70M | 85M | 110M | 70M | 27M | 17M | 14M |
| Net Margin | 4.4% | 5.4% | 5.0% | 12.9% | 7.0% | 7.2% | 7.9% | 8.8% | 8.7% | 6.2% | 2.8% | 2.0% | 1.7% |
| Non-Recurring | 4.4M | 0 | 11M | 5.5M | 7.2M | 8.7M | 0 | 0 | 0 | 14M | 5.0M | 12M | 12M |
| Returns on Capital | |||||||||||||
| ROIC | 7.8% | 8.0% | 7.5% | 11.8% | 10.6% | 11.1% | 12.4% | 14.9% | 17.6% | 9.7% | 3.4% | 2.3% | 1.9% |
| ROE | 8.0% | 9.0% | 7.9% | 18.8% | 10.0% | 10.4% | 11.4% | 13.4% | 16.3% | 9.6% | 3.5% | 2.3% | 1.9% |
| ROA | 5.4% | 5.9% | 5.2% | 13.4% | 7.6% | 7.9% | 8.5% | 10.0% | 12.0% | 7.2% | 2.8% | 1.8% | 1.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 82M | 129M | 134M | 122M | 154M | 156M | 190M | 171M | 219M | 164M | 135M | 93M | 90M |
| Free Cash Flow | 78M | 129M | 134M | 122M | 154M | 156M | 190M | 171M | 219M | 164M | 127M | 92M | 0 |
| Owner Earnings | -99M | -69M | -69M | -91M | -77M | -108M | -88M | -106M | 107M | 45M | 21M | -14M | -246M |
| CapEx | 4.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.6M | 1.6M | 0 |
| Maint. CapEx | 180M | 197M | 202M | 212M | 228M | 264M | 276M | 274M | 111M | 117M | 112M | 105M | 335M |
| Growth CapEx | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 | 0 |
| D&A | 180M | 197M | 202M | 212M | 228M | 264M | 276M | 274M | 111M | 117M | 112M | 105M | 335M |
| CapEx/OCF | 4.8% | 2.2% | 3.4% | 1.3% | 2.4% | 0.2% | 1.7% | 3.6% | 4.8% | 1.0% | 5.7% | 1.7% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 3.3M | 3.3M | 3.3M | 4.4M | 5.5M | 42M | 52M | 55M | 20M | 20M | 20M | 20M | 20M |
| Dividend Yield | 1.5% | 0.9% | 0.9% | 0.9% | 0.6% | 4.6% | 4.5% | 4.3% | 1.4% | 1.2% | 1.4% | 1.9% | 1.5% |
| Share Buybacks | 0 | 16M | 7.5M | 0 | 3.8M | 0 | 597K | 0 | 42M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 3.3% | 1.2% | N/A | 0.5% | N/A | 0.0% | N/A | 2.7% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 921K | 1.4M | 883K | 1.3M | 3.3M | 784K | 1.9M | 2.7M | 1.6M | 2.3M | 2.2M | 1.9M | 1.6M |
| Debt Repayment | 144M | 128M | 210M | 49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 49M | 75M | 15M | -16M | -57M | -31M | -66M | -57M | -50M | -23M | -34M | -86M | -64M |
| Cash & Equiv. | 123K | 434K | 488K | 16M | 57M | 31M | 66M | 57M | 81M | 53M | 17M | 43M | 70M |
| Long-Term Debt | 24M | 38M | 7.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.9M |
| Debt/Equity | 0.13 | 0.19 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 | 0.00 | 0.00 | 0.01 |
| Interest Coverage | 708.4 | 671.0 | 988.2 | 5169.3 | 5862.3 | 5884.5 | 7770.5 | 11168.9 | 14334.4 | 6436.4 | N/A | N/A | N/A |
| Equity | 388M | 409M | 437M | 526M | 576M | 598M | 620M | 652M | 704M | 757M | 768M | 768M | 764M |
| Total Assets | 576M | 632M | 654M | 690M | 754M | 797M | 832M | 871M | 966M | 990M | 969M | 950M | 947M |
| Total Liabilities | 189M | 222M | 216M | 165M | 178M | 199M | 211M | 219M | 262M | 233M | 201M | 182M | 183M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 300M | 333M | 363M | 449M | 499M | 517M | 534M | 565M | 656M | 707M | 714M | 712M | 709M |
| Working Capital | 62M | 50M | 33M | 52M | 92M | 78M | 86M | 93M | 112M | 86M | 45M | 79M | 101M |
| Current Assets | 107M | 100M | 93M | 117M | 164M | 154M | 176M | 187M | 236M | 197M | 139M | 172M | 196M |
| Current Liabilities | 45M | 50M | 61M | 64M | 72M | 76M | 90M | 94M | 124M | 110M | 94M | 92M | 94M |
| Per Share Data | |||||||||||||
| EPS | 0.89 | 0.64 | 0.61 | 1.65 | 0.67 | 0.74 | 0.84 | 1.02 | 1.35 | 0.86 | 0.33 | 0.21 | 0.18 |
| Owner EPS | -2.96 | -1.24 | -1.25 | -1.66 | -0.94 | -1.31 | -1.07 | -1.26 | 1.31 | 0.55 | 0.26 | -0.17 | -3.02 |
| Book Value | 11.57 | 7.33 | 7.97 | 9.60 | 7.01 | 7.24 | 7.50 | 7.78 | 8.61 | 9.26 | 9.41 | 9.24 | 9.37 |
| Cash Flow/Share | 2.45 | 2.30 | 2.44 | 2.23 | 1.88 | 1.90 | 2.29 | 2.04 | 2.69 | 2.01 | 1.65 | 1.13 | 4.28 |
| Dividends/Share | 0.10 | 0.06 | 0.06 | 0.08 | 0.07 | 0.51 | 0.63 | 0.66 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| Shares Out. | 33.5M | 55.9M | 54.9M | 54.7M | 82.1M | 82.5M | 82.7M | 83.8M | 81.7M | 81.8M | 81.6M | 83.1M | 81.6M |
| Valuation | |||||||||||||
| P/E Ratio | 20.6 | 13.7 | 19.1 | 10.2 | 13.6 | 17.0 | 18.9 | 15.7 | 13.9 | 23.9 | 46.4 | 54.4 | 91.7 |
| P/FCF | 3.2 | 2.5 | 3.2 | 5.0 | 4.8 | 6.6 | 6.9 | 7.8 | 7.0 | 10.2 | 9.8 | 10.3 | N/A |
| EV/EBIT | 12.6 | 8.6 | 11.1 | 15.7 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 67.9 |
| Price/Book | 1.6 | 1.2 | 1.5 | 1.7 | 1.3 | 1.7 | 2.1 | 2.1 | 2.2 | 2.2 | 1.6 | 1.2 | 1.7 |
| Price/Sales | 0.8 | 0.8 | 0.8 | 1.1 | 1.3 | 1.1 | 1.3 | 1.3 | 1.1 | 1.4 | 1.5 | 1.2 | 1.5 |
| FCF Yield | 12.7% | 26.3% | 20.9% | 13.3% | 20.5% | 15.1% | 14.4% | 12.8% | 14.3% | 9.8% | 10.2% | 9.7% | N/A |
| Market Cap | 616M | 490M | 640M | 918M | 751M | 1.0B | 1.3B | 1.3B | 1.5B | 1.7B | 1.2B | 949M | 1.3B |
| Avg. Price | 6.82 | 6.68 | 6.64 | 9.11 | 11.93 | 11.08 | 14.10 | 15.19 | 17.72 | 19.81 | 17.27 | 12.55 | 16.30 |
| Year-End Price | 7.35 | 5.81 | 7.78 | 11.19 | 9.09 | 12.59 | 15.87 | 16.02 | 18.83 | 20.56 | 15.30 | 11.43 | 16.30 |
MARTEN TRANSPORT LTD passes 3 of 9 quality checks, indicating weak fundamentals.
MARTEN TRANSPORT LTD trades at 77.6x trailing earnings, compared to its 15-year median P/E of 17.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.5x vs a median of 7.0x. The company's 5-year average ROIC is 9.6% with a gross margin of 64.6%. Total shareholder yield (dividends) is 1.5%. At current prices, the estimated annualized return to fair value is -2.9%.
MARTEN TRANSPORT LTD (MRTN) has a net profit margin of 2.0%. This is a modest margin.
MARTEN TRANSPORT LTD (MRTN) generated $92 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MARTEN TRANSPORT LTD (MRTN) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
MARTEN TRANSPORT LTD (MRTN) reported earnings per share (EPS) of $0.21 in its most recent fiscal year.
MARTEN TRANSPORT LTD (MRTN) has a return on equity (ROE) of 2.3%. This indicates moderate shareholder returns.
MARTEN TRANSPORT LTD (MRTN) has a 5-year average gross margin of 64.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for MARTEN TRANSPORT LTD (MRTN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MARTEN TRANSPORT LTD (MRTN) has a book value per share of $9.24, based on its most recent annual SEC filing.