Feed / MRTN

Marten Transport, Ltd.

MRTN

Industrials · 13.92 -0.7% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Marten Transport, Ltd.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company-0.7% todayVolume comparison unavailable
Market group0 of 14 activeLogistics & Asset Management · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • MRTN's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if MRTN's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Trucking

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • MRTN's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements114
Verified relationships2
Evidence supporting the case
  • Operating cash flow covered net income at 5.36x in the latest annual period.
Evidence challenging the case
  • Latest annual revenue changed -8.3% year over year.
Questions before a position
  • P/E is 35% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

13.92
6m+2.4%12m+16.6%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$973.6M+11.4%$1.02+0.3%
2022-12-31$1.3B+29.8%$1.35-1.7%
2023-12-31$1.1B-10.5%$0.86-0.7%
2024-12-31$963.7M-14.8%$0.33+0.1%
2025-12-31$883.7M-8.3%$0.21+0.1%

What management says matters

Persistent and emerging business drivers

Input and raw-material costsmixed · 2 filings
In addition to the factors discussed below, our profitability across each segment in 2024 was impacted by a freight market which has considerably softened from the conditions during 2023.
10-K · Feb 27, 2026
Energy and commodity pricesnegative · 1 filings
Impacting the 2026 period operating ratio was higher fuel costs, partially offset by lower company driver compensation, both as a percentage of revenue, along with improved average revenue per tractor.
10-Q · May 8, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.3× · EV/sales 1.2×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

13.92-0.7% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for MRTN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for MRTN. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind MRTN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

WMTWalmart Inc.customerFeb 27, 2026

In 2025, our largest customer was Walmart.

Depended on by

HUBGHub Group, Inc.investeeNov 5, 2025

Acquisitions Marten Intermodal Transaction On September 30, 2025 , we closed on the transaction to acquire certain assets of Marten Transport, Ltd.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

MRTN is currently a Follower in the organic co-movement group Logistics & Asset Management. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for MRTN; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.