Marten Transport
Moves refrigerated, insulated, dry, dedicated, and brokered freight across North America.
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Profile
Provides truckload, dedicated fleet, and brokerage services for food, beverages, consumer packaged goods, and dry freight, with a US-centered network reaching Mexico and Canada. The portfolio no longer includes Intermodal operations after the September 2025 asset sale.
Carries temperature-controlled, insulated, and dry truckload freight for food, beverage, and consumer-packaged-goods shippers. Service is concentrated in the United States, with cross-border Mexico and Canada lanes handled through operating and brokerage arrangements.
Current sellable lines are Truckload, Dedicated, Brokerage, and Mexico cross-border service. Dedicated builds customer-specific transportation solutions with temperature-controlled trailers, dry vans, and specialized equipment, while Brokerage arranges freight through contracted third-party carriers.
The portfolio changed after the September 2025 sale of Intermodal assets to Hub Group. Freight demand, rate competition in a fragmented truckload market, carrier consolidation, and logistics brokers' influence over customer relationships shape the business.
Company facts
Categories
Key statistics
Year to date +25.4% · Average volume (30d) 625.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jul 24, 2026 | Stephens | Target | $16 | ||
| Oct 14, 2024 | Raymond James | Downgrade | Outperform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.08 | $0.07 | −16.0% | $227.3M | $223.5M | −1.6% | −3.44% |
| Apr 23, 2026Q1 FY26 | $0.03 | $0.02 | −33.3% | $212.2M | $203.5M | −4.1% | −0.20% |
| Jan 27, 2026Q4 FY25 | $0.03 | $0.05 | +66.7% | $206.1M | $210.1M | +1.9% | 0.00% |
| Oct 23, 2025Q3 FY25 | $0.04 | $0.03 | −25.0% | $207.2M | $341.7M | +64.9% | −9.07% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $223.2M | $229.9M | $220.5M | $210.1M | $203.5M | $223.5M | |
| Gross profit | $30.6M | $32.7M | $24.7M | −$37.5M | $8.4M | $14.8M | |
| Operating income | $5.9M | $9.7M | $2.7M | −$7.5M | $172.0K | $5.2M | |
| Net income | $4.3M | $7.2M | $2.2M | $3.7M | $1.4M | $5.3M | |
| Diluted EPS | $0.05 | $0.09 | $0.03 | $0.05 | $0.02 | $0.07 | |
| Gross margin | 13.7% | 14.2% | 11.2% | -17.8% | 4.1% | 6.6% | |
| Operating margin | 2.6% | 4.2% | 1.2% | -3.6% | 0.1% | 2.3% |
Fiscal years (4-quarter sums)FY21 $973.6M · FY22 $1.26B · FY23 $1.13B · FY24 $963.7M · FY25 $883.7M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $104.0M · Total debt $358.0K · Total assets $955.5M · Shareholders' equity $766.0M
Dividends
Raised for 14 straight years — most recently to $0.06 from $0.04 in Mar 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 16, 2026 | Jun 16 | Jun 30 | $0.06 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.06 | |
| Dec 15, 2025 | Dec 15 | Dec 29 | $0.06 | |
| Sep 16, 2025 | Sep 16 | Sep 30 | $0.06 | |
| Jun 13, 2025 | Jun 13 | Jun 27 | $0.06 | |
| Mar 14, 2025 | Mar 14 | Mar 28 | $0.06 | |
| Dec 13, 2024 | Dec 13 | Dec 27 | $0.06 | |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.06 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 81.59M · Float 57.61M · 70.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Randolph L. Marten · director, 10 percent owner, officer: Chairman of the Board and CEO | 17.74M | 21.75% | Form 4 | Jul 30, 2026 |
| BlackRock, Inc. | 10.06M | 12.33% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 5.00M | 6.13% | 13F | Aug 11, 2026 |
| American Century Companies Inc | 2.80M | 3.43% | 13F | Aug 12, 2026 |
| State Street Corp | 2.72M | 3.34% | 13F | Aug 7, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Knight-Swift Transportation
Broad overlap in refrigerated, dedicated, dry van, and brokerage
- J.B. Hunt
Large dedicated, brokerage, truckload, and cross-border rival
- Werner Enterprises
Dedicated and one-way truckload with Mexico logistics overlap
- Schneider National
Truckload, dedicated, brokerage, and North America network overlap
- Landstar System
Asset-light truckload and logistics network across cold chain lanes
- Heartland Express
Dry van truckload peer with smaller refrigerated and Mexico overlap
- Covenant Logistics
Dedicated truckload and managed freight overlap
- Hub Group
Logistics, cold-chain brokerage, and dedicated trucking overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Marten Transport | $14.36 | 0.00% | $1.17B | 92.5 | 30.3 | 1.4 | −2.8% |
| Knight-Swift Transportation | $67.00 | −0.36% | $10.94B | 260.3 | 20.7 | 1.4 | +12.6% |
| J.B. Hunt | $261.03 | −0.02% | $24.51B | 37.0 | 29.5 | 1.9 | +19.4% |
| Werner Enterprises | $38.42 | +0.03% | $2.30B | — | 22.2 | 0.7 | +24.0% |
| Schneider National | $34.44 | −0.04% | $6.03B | 53.8 | 25.6 | 1.0 | +10.4% |
| Landstar System | $192.28 | +6.81% | $6.11B | 46.6 | 26.4 | 1.2 | +18.2% |
| Heartland Express | $12.18 | −0.04% | $943.8M | — | 39.8 | 1.3 | −12.5% |
| Covenant Logistics | $34.98 | −0.14% | $880.0M | 349.8 | 16.0 | 0.7 | +9.9% |
| Hub Group | $39.61 | −0.01% | $2.40B | 29.5 | 37.0 | 0.9 | −1.0% |
| Median | 50.2 | 26.0 | 1.1 | +11.5% |