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Marten Transport
Marten Transport (MRTN) investor relations material
Marten Transport Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Jan, 2026
Executive summary
Sequential improvement in profitability and operational metrics in Q4 2025, driven by increased revenue per tractor, rate per mile, and miles per tractor in truckload and dedicated operations.
Net income for Q4 2025 was $3.7M (5¢/share), down from $5.6M (7¢/share) in Q4 2024, but up 66.1% sequentially from Q3 2025; full-year net income was $17.4M (21¢/share), down from $26.9M (33¢/share) in 2024.
Dedicated and brokerage operations were key contributors during the freight market recession.
Focus on safe, premium service, data-driven efficiencies, aggressive cost controls, and ongoing investment in technology and fleet modernization.
Debt-free balance sheet supports continued investment and resilience.
Financial highlights
Q4 2025 operating revenue was $210.1M, down 8.8% year-over-year; full-year revenue was $883.7M, down 8.3%.
Q4 2025 operating income was $4.6M, down from $6.7M in Q4 2024, but up 67.3% from Q3 2025; full-year operating income was $22.9M, down from $33.2M in 2024.
Operating expenses as a percentage of revenue rose to 97.8% in Q4 2025 from 97.1% in Q4 2024.
Earnings per diluted share fell 34% year-over-year in 2025.
Dividends declared per share remained at $0.06 for Q4 and $0.24 for the year, with 62 consecutive quarterly payments.
Outlook and guidance
Expectation of profitability improvements as the freight market corrects.
Optimism regarding stricter driver regulations and immigration enforcement positively impacting cross-border business and growth opportunities.
Increased customer interest in securing dedicated capacity and growth in dry van and refrigerated segments.
Focus remains on cost controls, operational efficiencies, and investment in technology and fleet.
Strategic rationale for Intermodal divestiture?
Brokerage profit decline despite revenue growth?
How immigration enforcement impacts driver supply?
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Next Marten Transport earnings date
Q1 202623 Apr, 2026
Marten Transport
Next Marten Transport earnings date
Q1 202623 Apr, 2026
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Frequently asked questions
Marten Transport, Ltd. is a temperature-sensitive truckload carrier providing transportation and logistics services across the United States, Canada, and Mexico. The company specializes in refrigerated transport for perishable goods, as well as dry freight and dedicated services. Marten also offers intermodal and brokerage solutions, focusing on timely and efficient delivery for customers in industries such as food and beverage, retail, and consumer goods. The company is headquartered in Mondovi, Wisconsin, and its shares are listed on the NASDAQ.
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