Cash flow Marten Transport, Ltd.

Equities

MRTN

US5730751089

Ground Freight & Logistics

Market Closed - Nasdaq Other stock markets 21:00:00 13/01/2026 GMT			5-day change	1st Jan Change
12.47 ^USD	-0.72%		-1.03%	+9.58%

11-24	Marten Transport Keeps Quarterly Dividend at $0.06 a Share, Payable Dec. 29 to Holders of Record Dec. 15	MT
11-24	Marten Transport, Ltd. Declares Quarterly Dividend, Payable on December 29, 2025	CI

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Published financial data: MARTEN TRANSPORT, LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	874M	974M	1.26B	1.13B	964M
Total Revenues	874M	974M	1.26B	1.13B	964M
Cost of Goods Sold, Total	609M	696M	924M	836M	730M
Gross Profit	266M	277M	340M	295M	233M
Selling General & Admin Expenses, Total	50.45M	45.69M	56.21M	62.51M	58.31M
Depreciation & Amortization - (IS)	103M	103M	111M	117M	112M
Other Operating Expenses	29.5M	33.72M	43.14M	39.57M	35.11M
Other Operating Expenses, Total	183M	182M	210M	219M	205M
Operating Income	82.8M	95.39M	130M	76.5M	28.25M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	140K	43K	827K	3.81M	3.13M
EBT, Excl. Unusual Items	82.94M	95.44M	131M	80.3M	31.38M
Gain (Loss) On Sale Of Assets	10.45M	16.3M	13.38M	13.61M	4.97M
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	93.39M	112M	144M	93.92M	36.35M
Income Tax Expense	23.89M	26.3M	33.82M	23.54M	9.42M
Earnings From Continuing Operations	69.5M	85.43M	110M	70.37M	26.92M
Net Income to Company	69.5M	85.43M	110M	70.37M	26.92M
Net Income - (IS)	69.5M	85.43M	110M	70.37M	26.92M
Net Income to Common Incl Extra Items	69.5M	85.43M	110M	70.37M	26.92M
Net Income to Common Excl. Extra Items	69.5M	85.43M	110M	70.37M	26.92M
Per Share Items
Net EPS - Basic	0.84	1.03	1.35	0.87	0.33
Basic EPS - Continuing Operations	0.84	1.03	1.35	0.87	0.33
Basic Weighted Average Shares Outstanding	82.53M	82.87M	81.69M	81.27M	81.41M
Net EPS - Diluted	0.84	1.02	1.35	0.86	0.33
Diluted EPS - Continuing Operations	0.84	1.02	1.35	0.86	0.33
Diluted Weighted Average Shares Outstanding	83.16M	83.41M	81.96M	81.41M	81.47M
Normalized Basic EPS	0.63	0.72	1	0.62	0.24
Normalized Diluted EPS	0.62	0.72	1	0.62	0.24
Dividend Per Share	0.13	0.16	0.24	0.24	0.24
Payout Ratio	15.92	15.53	17.73	27.72	72.58
Supplemental Items
EBITDA	192M	204M	248M	200M	147M
EBITA	89.37M	102M	137M	83.67M	35.14M
EBIT	82.8M	95.39M	130M	76.5M	28.25M
EBITDAR	195M	208M	253M	207M	152M
Effective Tax Rate - (Ratio)	25.58	23.54	23.46	25.07	25.93
Current Domestic Taxes	24.81M	22.24M	21.94M	38.12M	24.85M
Total Current Taxes	24.81M	22.24M	21.94M	38.12M	24.85M
Deferred Domestic Taxes	-924K	4.06M	11.88M	-14.58M	-15.43M
Total Deferred Taxes	-924K	4.06M	11.88M	-14.58M	-15.43M
Normalized Net Income	51.83M	59.65M	81.74M	50.19M	19.61M
Supplemental Operating Expense Items
Net Rental Expense, Total	3M	3.7M	5.7M	6.5M	5.2M
Stock-Based Comp., COGS (Total)	1.85M	2.52M	2.81M	2.32M	2.24M
Total Stock-Based Compensation	1.85M	2.52M	2.81M	2.32M	2.24M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	66.13M	57M	80.6M	53.21M	17.27M
Total Cash And Short Term Investments	66.13M	57M	80.6M	53.21M	17.27M
Accounts Receivable, Total	84.97M	101M	123M	108M	91.58M
Other Receivables	4.2M	6.97M	7.22M	10.36M	5.36M
Total Receivables	89.17M	108M	131M	118M	96.94M
Inventory	3.37M	4.38M	5.43M	6.29M	5.69M
Prepaid Expenses	9.18M	9.23M	10.08M	10.16M	11.19M
Other Current Assets, Total	7.8M	8.13M	9.06M	8.96M	7.42M
Total Current Assets	176M	187M	236M	197M	139M
Gross Property Plant And Equipment	931M	957M	1.08B	1.16B	1.2B
Accumulated Depreciation	-276M	-274M	-347M	-370M	-370M
Net Property Plant And Equipment	655M	683M	729M	793M	829M
Other Long-Term Assets, Total	887K	924K	962K	1.01M	1.06M
Total Assets	832M	871M	966M	990M	969M
Liabilities
Accounts Payable, Total	25.7M	20.15M	37.3M	36.52M	25.78M
Accrued Expenses, Total	61.21M	73.16M	86.71M	73.46M	66.38M
Current Portion of Leases	507K	249K	301K	268K	296K
Current Income Taxes Payable	-	-	-	-	1.06M
Other Current Liabilities	2.37M	-	-	-	-
Total Current Liabilities	89.79M	93.56M	124M	110M	93.52M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	411K	291K	409K	249K	282K
Deferred Tax Liability Non Current	121M	125M	137M	122M	107M
Total Liabilities	211M	219M	262M	233M	201M
Common Stock, Total	827K	830K	811K	813K	815K
Additional Paid In Capital	85.07M	85.72M	47.19M	49.79M	52.94M
Retained Earnings	534M	565M	656M	707M	714M
Total Common Equity	620M	652M	704M	757M	768M
Total Equity	620M	652M	704M	757M	768M
Total Liabilities And Equity	832M	871M	966M	990M	969M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	82.71M	83.04M	81.15M	81.32M	81.46M
ECS Total Common Shares Outstanding	82.71M	83.03M	81.12M	81.31M	81.46M
Book Value / Share	7.5	7.85	8.68	9.31	9.43
Tangible Book Value	620M	652M	704M	757M	768M
Tangible Book Value Per Share	7.5	7.85	8.68	9.31	9.43
Total Debt	918K	540K	710K	517K	578K
Net Debt	-65.21M	-56.46M	-79.89M	-52.7M	-16.69M
Debt Equivalent Oper. Leases	24M	29.6M	45.6M	52M	41.6M
Account Code - Inventory Valuation	3	-	3	3	3
Inventories - Raw Materials, Total	3.37M	4.38M	5.43M	6.29M	5.69M
Buildings, Total	90.05M	92.82M	103M	109M	109M
Machinery, Total	840M	864M	972M	1.05B	1.09B
Full Time Employees	4.16K	4.01K	4.58K	4.21K	3.78K
Accumulated Allowance for Doubtful Accounts (Supple)	348K	348K	500K	497K	496K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	69.5M	85.43M	110M	70.37M	26.92M
Depreciation & Amortization - CF	103M	103M	111M	117M	112M
Amortization of Goodwill and Intangible Assets - (CF)	6.58M	6.43M	6.6M	7.17M	6.89M
Depreciation & Amortization, Total	109M	109M	118M	124M	119M
(Gain) Loss From Sale Of Asset	-10.45M	-16.3M	-13.38M	-13.61M	-4.97M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	1.85M	2.52M	2.81M	2.32M	2.24M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-924K	4.06M	11.88M	-14.58M	-15.43M
Change In Accounts Receivable	12.73M	-16.74M	-23.55M	12.75M	19.83M
Change In Accounts Payable	883K	-823K	11.89M	-3.62M	-2.44M
Change in Other Net Operating Assets	6.54M	4.06M	1.86M	-13.15M	-9.88M
Cash from Operations	190M	171M	219M	164M	135M
Capital Expenditure	-173M	-199M	-177M	-241M	-233M
Sale of Property, Plant, and Equipment	66.77M	75.6M	41.7M	68.06M	81.14M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-39K	-37K	-38K	-45K	-49K
Cash from Investing	-106M	-124M	-135M	-173M	-152M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	4.79M	876K	2M	1.21M	1.3M
Repurchase of Common Stock	-1.03M	-2.74M	-43.36M	-926K	-382K
Common Dividends Paid	-11.07M	-13.27M	-19.56M	-19.51M	-19.54M
Common & Preferred Stock Dividends Paid	-11.07M	-13.27M	-19.56M	-19.51M	-19.54M
Special Dividend Paid	-41.3M	-41.47M	-	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-48.61M	-56.6M	-60.93M	-19.22M	-18.62M
Net Change in Cash	34.67M	-9.13M	23.6M	-27.39M	-35.95M
Supplemental Items
Cash Interest Paid	-	-	65K	10K	-
Cash Income Tax Paid (Refund)	17.98M	21.72M	23.65M	36.98M	19.17M
Levered Free Cash Flow	16.68M	-44.56M	30.45M	-68.7M	-89.42M
Unlevered Free Cash Flow	16.68M	-44.56M	30.45M	-68.7M	-89.42M
Change In Net Working Capital	-26.66M	16.4M	-5.41M	2.16M	-5.37M
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.36	7	8.85	4.89	1.8
Return on Total Capital	8.48	9.36	11.97	6.54	2.31
Return On Equity %	11.41	13.43	16.28	9.63	3.53
Return on Common Equity	11.41	13.43	16.28	9.63	3.53
Margin Analysis
Gross Profit Margin %	30.38	28.49	26.93	26.1	24.21
SG&A Margin	5.77	4.69	4.45	5.52	6.05
EBITDA Margin %	21.99	20.99	19.59	17.71	15.23
EBITA Margin %	10.22	10.46	10.81	7.39	3.65
EBIT Margin %	9.47	9.8	10.28	6.76	2.93
Income From Continuing Operations Margin %	7.95	8.77	8.73	6.22	2.79
Net Income Margin %	7.95	8.77	8.73	6.22	2.79
Net Avail. For Common Margin %	7.95	8.77	8.73	6.22	2.79
Normalized Net Income Margin	5.93	6.13	6.47	4.44	2.03
Levered Free Cash Flow Margin	1.91	-4.58	2.41	-6.07	-9.28
Unlevered Free Cash Flow Margin	1.91	-4.58	2.41	-6.07	-9.28
Asset Turnover
Asset Turnover	1.07	1.14	1.38	1.16	0.98
Fixed Assets Turnover	1.35	1.46	1.79	1.49	1.19
Receivables Turnover (Average Receivables)	9.86	10.46	11.25	9.79	9.68
Inventory Turnover (Average Inventory)	179.94	179.75	188.44	142.77	121.93
Short Term Liquidity
Current Ratio	1.96	2	1.9	1.78	1.48
Quick Ratio	1.73	1.77	1.7	1.55	1.22
Operating Cash Flow to Current Liabilities	2.11	1.83	1.77	1.49	1.44
Days Sales Outstanding (Average Receivables)	37.13	34.9	32.44	37.27	37.82
Days Outstanding Inventory (Average Inventory)	2.03	2.03	1.94	2.56	3
Average Days Payable Outstanding	14.62	12	11.34	16.09	15.62
Cash Conversion Cycle (Average Days)	24.55	24.93	23.04	23.73	25.2
Long Term Solvency
Total Debt/Equity	0.15	0.08	0.1	0.07	0.08
Total Debt / Total Capital	0.15	0.08	0.1	0.07	0.08
LT Debt/Equity	0.07	0.04	0.06	0.03	0.04
Long-Term Debt / Total Capital	0.07	0.04	0.06	0.03	0.04
Total Liabilities / Total Assets	25.41	25.15	27.11	23.52	20.73
Total Debt / EBITDA	0	0	0	0	0
Net Debt / EBITDA	-0.33	-0.27	-0.32	-0.25	-0.11
Total Debt / (EBITDA - Capex)	0.04	0.06	0.01	-0.02	-0.01
Net Debt / (EBITDA - Capex)	-2.94	-6.42	-1.04	1.57	0.21
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.69	11.35	29.81	-10.48	-14.83
Gross Profit, 1 Yr. Growth %	13.34	4.41	22.7	-13.23	-20.99
EBITDA, 1 Yr. Growth %	13.22	6.31	21.13	-19.06	-26.75
EBITA, 1 Yr. Growth %	19.67	13.94	34.12	-38.73	-58.01
EBIT, 1 Yr. Growth %	22.08	15.22	36.24	-41.14	-63.07
Earnings From Cont. Operations, 1 Yr. Growth %	13.8	22.92	29.18	-36.23	-61.74
Net Income, 1 Yr. Growth %	13.8	22.92	29.18	-36.23	-61.74
Normalized Net Income, 1 Yr. Growth %	20.18	15.07	37.05	-38.6	-60.93
Diluted EPS Before Extra, 1 Yr. Growth %	13.51	21.43	32.35	-36.3	-61.63
Accounts Receivable, 1 Yr. Growth %	-8.08	19.15	21.93	-12.83	-14.9
Inventory, 1 Yr. Growth %	-0.65	29.74	24.05	15.83	-9.42
Net Property, Plant and Equip., 1 Yr. Growth %	2.11	4.23	6.75	8.76	4.6
Total Assets, 1 Yr. Growth %	4.4	4.7	10.91	2.55	-2.18
Tangible Book Value, 1 Yr. Growth %	3.81	5.05	8.02	7.6	1.39
Common Equity, 1 Yr. Growth %	3.81	5.05	8.02	7.6	1.39
Cash From Operations, 1 Yr. Growth %	21.18	-9.7	28.2	-25.11	-17.99
Capital Expenditures, 1 Yr. Growth %	-8.63	15.16	-11.38	36.2	-3.05
Levered Free Cash Flow, 1 Yr. Growth %	-130.15	-367.18	-168.34	-325.6	30.17
Unlevered Free Cash Flow, 1 Yr. Growth %	-130.15	-367.18	-168.34	-325.6	30.17
Dividend Per Share, 1 Yr. Growth %	67.5	19.4	50	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.37	7.45	20.23	7.8	-12.68
Gross Profit, 2 Yr. CAGR %	9.43	8.78	13.19	3.18	-17.2
EBITDA, 2 Yr. CAGR %	10.08	9.71	13.48	-0.98	-23
EBITA, 2 Yr. CAGR %	12.92	16.77	23.62	-9.35	-49.28
EBIT, 2 Yr. CAGR %	14.54	18.6	25.29	-10.45	-53.38
Earnings From Cont. Operations, 2 Yr. CAGR %	12.38	18.27	26.01	-9.24	-50.61
Net Income, 2 Yr. CAGR %	12.38	18.27	26.01	-9.24	-50.61
Normalized Net Income, 2 Yr. CAGR %	14.03	17.6	25.58	-8.27	-51.02
Diluted EPS Before Extra, 2 Yr. CAGR %	11.97	17.4	26.77	-8.18	-50.56
Accounts Receivable, 2 Yr. CAGR %	0.07	4.65	20.53	3.09	-13.87
Inventory, 2 Yr. CAGR %	-2.24	13.54	26.86	19.87	2.43
Net Property, Plant and Equip., 2 Yr. CAGR %	5.53	3.16	5.48	7.75	6.66
Total Assets, 2 Yr. CAGR %	5.03	4.55	7.76	6.65	0.16
Tangible Book Value, 2 Yr. CAGR %	3.78	4.43	6.52	7.81	4.45
Common Equity, 2 Yr. CAGR %	3.78	4.43	6.52	7.81	4.45
Cash From Operations, 2 Yr. CAGR %	10.88	4.61	7.59	-2.01	-21.63
Capital Expenditures, 2 Yr. CAGR %	1.34	2.58	1.03	9.87	14.91
Levered Free Cash Flow, 2 Yr. CAGR %	-23.41	-10.25	35.12	24.16	71.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	-23.41	-10.25	35.12	24.16	71.37
Dividend Per Share, 2 Yr. CAGR %	41.42	41.42	33.83	22.47	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.79	7.32	14.44	8.97	-0.34
Gross Profit, 3 Yr. CAGR %	9.81	7.73	13.24	3.59	-5.6
EBITDA, 3 Yr. CAGR %	12.38	8.81	13.39	1.39	-10.45
EBITA, 3 Yr. CAGR %	21.07	13.26	22.29	-2.17	-29.86
EBIT, 3 Yr. CAGR %	18.02	14.77	24.21	-2.6	-33.35
Earnings From Cont. Operations, 3 Yr. CAGR %	-8.35	15.79	21.8	0.42	-31.95
Net Income, 3 Yr. CAGR %	-8.35	15.79	21.8	0.42	-31.95
Normalized Net Income, 3 Yr. CAGR %	18.39	14.38	23.75	-1.07	-30.98
Diluted EPS Before Extra, 3 Yr. CAGR %	-8.6	15.04	22.19	0.79	-31.35
Accounts Receivable, 3 Yr. CAGR %	4.3	6.06	10.12	8.19	-3.29
Inventory, 3 Yr. CAGR %	-7.94	7.44	16.94	23.07	9.18
Net Property, Plant and Equip., 3 Yr. CAGR %	4.63	5.1	4.34	6.56	6.69
Total Assets, 3 Yr. CAGR %	6.4	4.92	6.63	5.99	3.62
Tangible Book Value, 3 Yr. CAGR %	5.69	4.2	5.61	6.88	5.62
Common Equity, 3 Yr. CAGR %	5.69	4.2	5.61	6.88	5.62
Cash From Operations, 3 Yr. CAGR %	15.87	3.55	11.94	-4.65	-7.66
Capital Expenditures, 3 Yr. CAGR %	3.4	5.75	-2.3	11.6	5.38
Levered Free Cash Flow, 3 Yr. CAGR %	-27.06	16.15	-18.05	60.3	26.14
Unlevered Free Cash Flow, 3 Yr. CAGR %	-27.06	16.15	-18.05	60.3	26.14
Dividend Per Share, 3 Yr. CAGR %	35.98	33.66	44.22	21.44	14.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.63	7.73	12.6	7.51	2.71
Gross Profit, 5 Yr. CAGR %	7.65	7.71	11.15	5.89	-0.09
EBITDA, 5 Yr. CAGR %	8.7	9.43	12.82	4.78	-2.87
EBITA, 5 Yr. CAGR %	11.71	16.33	22.08	3.61	-14
EBIT, 5 Yr. CAGR %	10.01	14.82	20.88	3.92	-16.07
Earnings From Cont. Operations, 5 Yr. CAGR %	14.22	20.62	4.1	5.04	-15.11
Net Income, 5 Yr. CAGR %	14.22	20.62	4.1	5.04	-15.11
Normalized Net Income, 5 Yr. CAGR %	10.21	15.43	21.22	4.71	-14.58
Diluted EPS Before Extra, 5 Yr. CAGR %	14.51	20.19	4.18	5.12	-14.91
Accounts Receivable, 5 Yr. CAGR %	3.78	7.91	10.51	4.87	-0.19
Inventory, 5 Yr. CAGR %	-3.41	0.11	4.66	12.25	10.9
Net Property, Plant and Equip., 5 Yr. CAGR %	4.41	4.13	4.97	6.15	5.26
Total Assets, 5 Yr. CAGR %	5.66	5.9	6.94	5.61	3.99
Tangible Book Value, 5 Yr. CAGR %	8.67	8.3	6.02	5.63	5.14
Common Equity, 5 Yr. CAGR %	8.67	8.3	6.02	5.63	5.14
Cash From Operations, 5 Yr. CAGR %	8.06	5.05	12.49	1.29	-2.93
Capital Expenditures, 5 Yr. CAGR %	-1.61	4.19	2.44	7.38	4.25
Levered Free Cash Flow, 5 Yr. CAGR %	-24.1	7.06	-6.66	19.29	10.08
Unlevered Free Cash Flow, 5 Yr. CAGR %	-24.1	7.06	-6.66	19.29	10.08
Dividend Per Share, 5 Yr. CAGR %	27.35	31.95	35.11	29.07	24.57