MARTEN TRANSPORT LTD (MRTN)
Industrials · Temperature-sensitive and specialized truckload transportation · NASDAQ
Leading temperature-sensitive truckload and logistics carrier specializing in perishable food and consumer packaged goods transportation across North America.
What MARTEN TRANSPORT LTD does
Marten Transport is a multifaceted transportation and distribution company that has transitioned from a refrigerated long-haul specialist to a diversified carrier offering temperature-controlled and dry truckload services, dedicated customized transportation solutions, freight brokerage services, and Mexico cross-border logistics. The company operates through five business platforms: Temperature-Sensitive and Dry Truckload, Dedicated, Brokerage, and MRTN de Mexico, with a fleet of 2,654 company and independent contractor tractors. It specializes in transporting perishable goods and consumer packaged goods requiring temperature control, with approximately 59% of revenue from temperature-sensitive products and 41% from dry freight, and generated $883.7 million in operating revenue in 2025.
Themes: ["Temperature-sensitive logistics","Perishable goods transportation","Truckload carrier services","Dedicated transportation / fleet management","Freight brokerage / third-party logistics","Cross-border Mexico logistics","Food and beverage supply chain"]
Fundamentals
- Price$17.46 as of 2026-07-09 close
- Market cap$1.4B as of 2026-07-10
- 1-year return+25.7% as of 2026-07-09 close
- P/E98.02 as of 2026-07-10
- Net margin+1.7% as of 2026-07-10
- Gross margin+31.6% as of 2026-07-10
- ROE+1.9% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)-7.8% as of 2026-07-10
- Revenue CAGR (3y)+9.0% SEC XBRL
- Beta0.97 as of 2026-07-10
Dividend: yield +1.4%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Revenue decline: Operating revenue decreased 8.8% in Q1 2026 vs Q1 2025, with year-over-year revenue growth of -7.81%, driven by decreased fleet size and soft freight market conditions despite rate improvements","Driver market and operational constraints: Tight driver availability, difficulty recruiting and retaining experienced drivers, and shrinking independent contractor pool directly impact fleet capacity and profitability","Cyclical freight market and customer concentration: Business depends on shipper demand, inventory levels, truck capacity market conditions, and severe weather; largest customer is Walmart creating single-customer revenue concentration risk"]
Competitors & peers
- Schneider National (SNDR)
- Heartland Express (HTLD)
- Swift Transportation (SWFT)
- PAM Transportation Services (PTSI)
- USA Truck (USAK)
- Universal Truckload Services (UACL)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.