Marten Transport, Ltd. (MRTN) is a Industrials stock trading at $14.67 (as of 2026-08-24), with a market capitalization of $1.20B and a trailing P/E of 116.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Intermodal segment transports customers' freight utilizing its refrigerated containers and temperature-controlled trailers on railroad flatcars for portions of trips, as well as using tractors and contracted carriers. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2021, the company operated a fleet of 3,204 tractors, including 3,111 company-owned tractors and 93 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.
Marten Transport is a temperature-sensitive truckload carrier that transports freight for shippers in the United States, Canada, and Mexico, and it earns money from hauling and related transportation services across Truckload, Dedicated, Intermodal, and Brokerage.
The profit engine is operating revenue excluding fuel surcharges, because fuel surcharge revenue is separated from the rest of revenue and can change the mix without reflecting core transportation pricing and utilization.
| Truckload | $0.1B |
| Dedicated | $0.1B |
| Intermodal | $0.0B |
| Brokerage | $0.0B |
Business quality (Weak): Clear segment structure tied to specific transportation services, but the key operating driver highlighted here depends on operating revenue excluding fuel surcharges, so results can be sensitive to shipping demand and fleet and service utilization.
Valuation: At 94× earnings, MRTN trades 432% above the Transportation average (18×). Note: one-time items can distort reported P/E.
| Price | $14.67 |
| Market Cap | $1.20B |
| P/E Ratio | 116.0 |
| EV / EBITDA | 12.5 |
| Price / Book | 1.56 |
| Price / Sales | 1.41 |
| DCF Value (model) | $1.25 |
| DCF Upside vs Price | -91.5% |
| Revenue (TTM) | $883.65M |
| Net Margin | 2.0% |
| Revenue Growth (YoY) | -8.3% |
| EPS Growth (YoY) | -36.4% |
| Altman Z-Score | 6.10 (safe) |
| Stock P/E | 116.0 |
| Sector P/E (Industrials) | 26.0 |
| Industry P/E (Transportation) | 17.0 |
| vs Sector | 346.3% |
| vs Industry | 582.2% |
| Top Institutional Holder | BlackRock, Inc. ($128.15M) |
| Institutional Holders Tracked | 10 |
| Sector | Industrials |
| Industry | Transportation |
| CEO | Randolph L. Marten |
| Employees | 3,776 |
| Country | US |
| IPO Date | 1986-09-25 |
Data as of 2026-08-24.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.