MARTEN TRANSPORT LTD
Business
Marten Transport Ltd is a leading temperature-sensitive and dry truckload carrier providing regional and medium-to-long-haul transportation and distribution services for food and consumer packaged goods across the United States, Mexico, and Canada. The company operates five business platforms: Temperature-Sensitive and Dry Truckload, Dedicated, Brokerage, and MRTN de Mexico, with a fleet of approximately 2,654 tractors and 5,107 trailers. Its Dedicated segment provides customized, multi-year solutions; its Brokerage segment arranges third-party carriers; and its Truckload segment handles both temperature-controlled and dry freight with typical one-year customer agreements.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Operating revenue | 884 | 964 | 1,131 | 1,264 | 974 | |
| Salaries, wages and benefits | 312 | 342 | 379 | 390 | 318 | |
| Purchased transportation | 159 | 169 | 199 | 250 | 193 | |
| Fuel and fuel taxes | 130 | 147 | 180 | 219 | 131 | |
| Supplies and maintenance | 61 | 63 | 67 | 56 | 45 | |
| Depreciation | 105 | 112 | 117 | 111 | 103 | |
| Operating taxes and licenses | 10 | 10 | 11 | 11 | 11 | |
| Insurance and claims | 56 | 53 | 56 | 51 | 42 | |
| Communications and utilities | 9 | 9 | 10 | 9 | 8 | |
| Gain on disposition of revenue equipment | −12 | −5 | −14 | — | — | |
| Other | 31 | 30 | 35 | 38 | 27 | |
| Total operating expenses | 861 | 930 | 1,041 | 1,121 | 862 | |
| Operating income | 23 | 33 | 90 | 143 | 112 | |
| Other | −1 | −3 | −4 | −827,000 | −43,000 | |
| Income before income taxes | 24 | 36 | 94 | 144 | 112 | |
| Income taxes expense | 7 | 9 | 24 | 34 | 26 | |
| Net income | 17 | 27 | 70 | 110 | 85 | |
| Basic earnings per common share (in dollars per share) | 0.21 | 0.33 | 0.87 | 1.35 | 1.03 | |
| Diluted earnings per common share (in dollars per share) | 0.21 | 0.33 | 0.86 | 1.35 | 1.02 | |
| Dividends declared per common share (in dollars per share) | 0.24 | 0.24 | 0.24 | 0.24 | 0.66 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 43 | 17 | 53 | 81 | 57 | |
| Escrow deposit | 5 | 0 | — | — | — | |
| Trade, less allowances of $400 and $496, respectively | 86 | 90 | 106 | 121 | 99 | |
| Other | 13 | 5 | 10 | 7 | 7 | |
| Prepaid expenses and other | 25 | 26 | 28 | 27 | 24 | |
| Total current assets | 172 | 139 | 197 | 236 | 187 | |
| Accumulated depreciation | −352 | −370 | −370 | −347 | −274 | |
| Net property and equipment | 777 | 829 | 792 | 728 | 682 | |
| Other noncurrent assets | 2 | 2 | 2 | 2 | 1 | |
| Total assets | 950 | 969 | 990 | 966 | 871 | |
| Accounts payable | 29 | 26 | 37 | 37 | 20 | |
| Insurance and claims accruals | 44 | 44 | 47 | 46 | 42 | |
| Accrued and other current liabilities | 20 | 23 | 27 | 41 | 31 | |
| Total current liabilities | 92 | 94 | 110 | 124 | 94 | |
| Deferred income taxes | 90 | 107 | 122 | 137 | 125 | |
| Noncurrent operating lease liabilities | 194,000 | 282,000 | 249,000 | 409,000 | 291,000 | |
| Total liabilities | 182 | 201 | 233 | 262 | 219 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred stock, $.01 par value per share; 2,000,000 shares authorized; no shares issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $.01 par value per share; 192,000,000 shares authorized; 81,542,174 shares at December 31, 2025, and 81,463,938 shares at December 31, 2024, issued and outstanding | 815,000 | 815,000 | 813,000 | 811,000 | 830,000 | |
| Additional paid-in capital | 55 | 53 | 50 | 47 | 86 | |
| Retained earnings | 712 | 714 | 707 | 656 | 565 | |
| Total stockholders equity | 768 | 768 | 757 | 704 | 652 | |
| Total liabilities and stockholders equity | 950 | 969 | 990 | 966 | 871 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Tires in service amortization | 6 | 7 | 7 | 7 | 6 | |
| Deferred income taxes | −17 | −15 | −15 | 12 | 4 | |
| Share-based payment arrangement compensation expense | 2 | 2 | 2 | — | — | |
| Receivables | −661,000 | 20 | 13 | −24 | −17 | |
| Prepaid expenses and other | −2 | −4 | −4 | −8 | −6 | |
| Accounts payable | −1 | −2 | −4 | 12 | −823,000 | |
| Insurance and claims accruals | −546,000 | −3 | 1 | 4 | 2 | |
| Accrued and other current liabilities | −3 | −3 | −10 | 6 | 7 | |
| Net cash provided by operating activities | 93 | 135 | 164 | 219 | 171 | |
| Other | −52,000 | −49,000 | −45,000 | −38,000 | −37,000 | |
| Net cash used for investing activities | −43 | −152 | −173 | −135 | −124 | |
| Dividends on common stock | −20 | −20 | −20 | −20 | −55 | |
| Issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards | 246,000 | 1 | 1 | 2 | 876,000 | |
| Employee taxes paid in exchange for shares withheld | −284,000 | −382,000 | −926,000 | −2 | −3 | |
| Net cash used for financing activities | −20 | −19 | −19 | −61 | −57 | |
| Net change in cash and cash equivalents and escrow deposit | 31 | −36 | −27 | 24 | −9 | |
| Change in property and equipment not yet paid | 2 | −8 | −2 | 10 | −6 | |
| Operating lease assets and liabilities acquired | 171,000 | 253,000 | 89,000 | 318,000 | 0 | |
| Income taxes | 27 | 19 | 37 | 24 | 22 | |
| Interest | 0 | 0 | 10,000 | 65,000 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MARTEN TRANSPORT LTD's CIK number?
MARTEN TRANSPORT LTD's SEC CIK number is 0000799167 (799167). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MARTEN TRANSPORT LTD's SEC filings?
All of MARTEN TRANSPORT LTD's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MARTEN TRANSPORT LTD last report earnings?
MARTEN TRANSPORT LTD (MRTN) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-013179). This is MARTEN TRANSPORT LTD's most recent earnings filing of record — not a forecast of its next earnings date.
What is MARTEN TRANSPORT LTD's most recent earnings 8-K?
MARTEN TRANSPORT LTD's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001437749-26-013179. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MARTEN TRANSPORT LTD's latest earnings 8-K →
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