Every 10-Q that Marten Trans (MRTN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MRTN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MRTN filings page.
Marten Transport reported softer results for the quarter and six months ended June 30, 2026. Second‑quarter operating revenue was $223.5 million, down 2.8% year over year, and net income declined to $5.3 million, with diluted EPS of $0.07. The operating ratio worsened to 96.9%, reflecting margin pressure despite higher fuel surcharge revenue.
For the first half of 2026, operating revenue fell 5.7% to $427.1 million and net income dropped 41.7% to $6.7 million, or $0.08 per diluted share, as Dedicated and Intermodal revenue declined and gains on equipment sales decreased, while fuel expense rose faster than surcharges. Truckload revenue grew modestly, and Brokerage revenue increased, but both segments operated with higher operating ratios.
Liquidity remains strong: Marten held about $109.0 million in cash and escrow at June 30, 2026, with no long‑term debt and a $35.0 million unsecured credit facility fully undrawn except for standby letters of credit. The company paid $0.06 per share in quarterly dividends (totaling $9.8 million year‑to‑date), maintains $33.2 million of remaining share repurchase authorization, and has committed to significant tractor and trailer purchases through 2027, while also facing ongoing self‑insured claims exposure and several wage‑and‑hour lawsuits whose ultimate outcomes remain uncertain.
Marten Transport, Ltd. reported weaker results for the three months ended March 31, 2026, as a soft freight market and higher fuel burden pressured profitability.
Operating revenue fell to $203.5 million from $223.2 million, an 8.8% decline, with revenue net of fuel surcharges down 9.5%. Operating income dropped to $1.6 million from $5.9 million, pushing the consolidated operating ratio to 99.2% from 97.4%. Net income declined 68.1% to $1.4 million, or $0.02 per diluted share, versus $4.3 million, or $0.05 per diluted share.
Dedicated revenue, net of fuel surcharges, fell 14.8% as the average fleet size contracted, while Truckload revenue net of fuel slipped 0.9%. Brokerage revenue grew 5.0% on more loads, but its operating ratio deteriorated. The Intermodal segment, sold in 2025, contributed no revenue in 2026 after $12.1 million a year earlier.
Despite margin pressure, Marten ended the quarter with $74.8 million in cash and escrow, no long‑term debt, and stockholders’ equity of $764.2 million. Operating cash flow of $33.0 million funded $2.7 million of net equipment purchases and $4.9 million of dividends, maintaining a quarterly dividend of $0.06 per share.
Marten Transport (MRTN) filed its Q3 2025 report, showing softer results and a portfolio shift. Q3 operating revenue was $220.5 million versus $237.4 million a year ago, with net income of $2.2 million, or $0.03 per diluted share. The consolidated operating ratio was 98.8%.
For the first nine months, operating revenue was $673.5 million and net income was $13.7 million, or $0.17 per diluted share. On September 30, Marten closed the sale of its Intermodal business assets to Hub Group for $51.8 million in cash; $5.0 million is held in escrow through December 2026. The quarter’s segment mix showed Truckload at a loss, Dedicated profitable with a 94.9% operating ratio, Brokerage profitable, and Intermodal at a reduced loss.
Marten ended the period with $54.5 million in cash and escrow, $768.2 million of stockholders’ equity, and no long‑term debt. Operating cash flow for the first nine months was $87.9 million, funding $32.4 million of net revenue equipment purchases and quarterly dividends of $0.06 per share.
Marten Transport (MRTN) posted softer results for Q2 2025. Operating revenue fell 6.6 % YoY to $229.9 m, while operating income slipped 2.4 % to $9.7 m. Net income declined to $7.2 m ($0.09/sh) from $7.9 m ($0.10/sh) as a weaker freight market compressed volumes and fuel‐surcharge revenue.
First-half trends are more pronounced. Six-month revenue dropped 8.6 % to $453.1 m and net income contracted 34 % to $11.5 m ($0.14/sh). Dedicated (-13 % revenue) and Intermodal (-23 %) segments drove the slide; Intermodal posted a $1.6 m operating loss and a 106.7 % operating ratio. Truckload margin improved slightly on higher gain on equipment sales, but insurance & claims costs rose 20.7 %.
Balance sheet remains debt-free. Cash rose to $35.1 m from $17.3 m; equity stands at $770.7 m and the $30 m revolver is undrawn. Capex commitments for the remainder of 2025 are $64.3 m; management targets about $65 m net capex. Quarterly dividends were maintained at $0.06/sh ($9.8 m paid YTD).
Strategic move. On 22 Jul 2025 MRTN agreed to sell Intermodal assets (≈1,200 refrigerated containers and related contracts) to Hub Group for $51.8 m cash, expected to close in Q3. Management does not expect a material earnings impact, but the deal will inject liquidity and remove a loss-making unit.
Key takeaways: revenue softness and rising claim costs pressure earnings, yet a strong, debt-free balance sheet and imminent Intermodal divestiture provide financial flexibility.