MARTEN TRANSPORT LTD
MRTN · Trucking (No Local) · 81.6M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $39M (gross $42M, SBC $2M)
Reference price $12.88 · est. market cap ~$1.1B — last insider purchase, 2025-04-28 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C65Clean, low-leverage temperature-controlled truckload carrier but with very weak current returns in a soft freight market.
Strengths
- Strong liquidity: current/quick ratio 1.86 (83rd pct) and a debt-light balance sheet
- Leading temperature-sensitive niche with diversified, blue-chip customer base
Risks
- ROE only 2.27% and ROA 1.84% — profitable but well below a B threshold
- Revenue down 8.3% and net income down 35%; operating ratio deteriorated to 97.4%
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~71% of revenue from one customer/distributor — For 2025, our top 30 customers, based on revenue excluding fuel surcharges, accounted for approximately 71% of our revenue; our top ten customers accounted for approximately 50% of our revenue; our to
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
2.3%
Return on assets
1.8%
Revenue growth (QoQ)
-6.0%
Net-income growth
-35.2%
Current ratio
1.9×
Tangible book value
$768M
Cash & investments
$43M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-05 | Phillips Adam Daniel | Grant | 4.7K | — |
| 2026-05-05 | Baier Randall John | Grant | 4.8K | — |
| 2026-05-05 | Petit Douglas Paul | Grant | 6.4K | — |
| 2026-05-05 | Booth Ronald Richard | Grant | 4.1K | — |
| 2026-05-05 | Hinnendael James J | Grant | 6.8K | — |
| 2026-05-05 | MARTEN RANDOLPH L | Grant | 12K | — |
| 2026-05-05 | HAGNESS LARRY B | Grant | 4.1K | — |
| 2026-05-05 | BAUER JERRY M | Grant | 4.1K | — |
| 2026-05-05 | DEMOREST ROBERT L | Grant | 4.1K | — |
| 2026-05-05 | IVERSON KATHLEEN P | Grant | 4.1K | — |
| 2026-05-05 | Jones Patricia L | Grant | 4.1K | — |
| 2026-02-20 | Phillips Adam Daniel | Tax withheld | 1.1K | $13.90 |
| 2026-02-20 | Baier Randall John | Tax withheld | 1.3K | $13.90 |
| 2026-02-20 | Petit Douglas Paul | Tax withheld | 2.3K | $13.90 |
| 2026-02-20 | Hinnendael James J | Tax withheld | 2.9K | $13.90 |
| 2026-02-20 | MARTEN RANDOLPH L | Tax withheld | 4.7K | $13.90 |
| 2025-12-24 | DEMOREST ROBERT L | Gift | 6.6K | — |
| 2025-08-19 | MARTEN RANDOLPH L | Gift | 1.5K | — |
| 2025-05-06 | Phillips Adam Daniel | Grant | 5.1K | — |
| 2025-05-06 | Baier Randall John | Grant | 5.0K | — |
| 2025-05-06 | Petit Douglas Paul | Grant | 6.6K | — |
| 2025-05-06 | Booth Ronald Richard | Grant | 4.5K | — |
| 2025-05-06 | Hinnendael James J | Grant | 6.8K | — |
| 2025-05-06 | MARTEN RANDOLPH L | Grant | 14K | — |
| 2025-05-06 | HAGNESS LARRY B | Grant | 4.5K | — |
| 2025-05-06 | BAUER JERRY M | Grant | 4.5K | — |
| 2025-05-06 | DEMOREST ROBERT L | Grant | 4.5K | — |
| 2025-05-06 | IVERSON KATHLEEN P | Grant | 4.5K | — |
| 2025-05-06 | Jones Patricia L | Grant | 4.5K | — |
| 2025-05-06 | KOHL TIMOTHY M | Grant | 12K | — |
| 2025-04-28 | BAUER JERRY M | Buy | 20K | $12.88 |
| 2025-03-11 | Baier Randall John | Tax withheld | 927 | $14.01 |
| 2025-03-11 | Phillips Adam Daniel | Tax withheld | 816 | $14.01 |
| 2025-03-11 | Petit Douglas Paul | Tax withheld | 1.8K | $14.01 |
| 2025-03-11 | Hinnendael James J | Tax withheld | 2.4K | $14.01 |
| 2025-03-11 | KOHL TIMOTHY M | Tax withheld | 3.9K | $14.01 |
| 2025-03-11 | MARTEN RANDOLPH L | Tax withheld | 3.8K | $14.01 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- Walmart 20% of rev
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-05-11 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-04-23 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-27 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-23 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-06 | Exec/director changeExhibits | filing ↗ |
| 2025-08-19 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-07-16 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-12 | 0001437749-26-021135 ↗ |
| 8-K | 2026-05-11 | 2026-05-05 | 0001437749-26-016108 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001437749-26-015748 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0001437749-26-013179 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001437749-26-005971 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0001437749-26-002192 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001437749-25-033702 ↗ |
| 8-K | 2025-10-23 | 2025-10-23 | 0001437749-25-031622 ↗ |
| 8-K | 2025-10-06 | 2025-09-30 | 0001437749-25-030533 ↗ |
| 8-K | 2025-08-19 | 2025-08-19 | 0001437749-25-027355 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001437749-25-025548 ↗ |
| 8-K | 2025-07-16 | 2025-07-16 | 0001437749-25-022773 ↗ |