Marten Transport Ltd. (MRTN) intrinsic value & 10-year financials
Marten Transport Ltd. (MRTN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 3.1% a year to $883.7M, with an average return on invested capital of 10.3%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $12.84
- Market cap
- $1.0B
- Revenue (FY2025)
- $883.7M
- Revenue growth (10-yr CAGR)
- 3.1%
- ROIC (10-yr avg)
- 10.3%
- Free cash flow (FY2025)
- —
MRTN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $883.7M | $17.4M | $0.21 | — | 2.6% | 2.2% |
| FY2024 | $963.7M | $26.9M | $0.33 | — | 3.4% | 3.4% |
| FY2023 | $1.1B | $70.4M | $0.86 | — | 8.0% | 10.2% |
| FY2022 | $1.3B | $110.4M | $1.35 | — | 11.3% | 18.0% |
| FY2021 | $973.6M | $85.4M | $1.02 | — | 11.5% | 14.9% |
| FY2020 | $874.4M | $69.5M | $0.84 | — | 10.7% | 12.4% |
| FY2019 | $843.3M | $61.1M | $1.11 | — | 9.1% | 11.1% |
| FY2018 | $787.6M | $55.0M | $1.00 | — | 8.9% | 10.5% |
| FY2017 | $698.1M | $90.3M | $1.65 | — | 8.1% | 12.8% |
| FY2016 | $671.1M | $33.5M | $1.02 | — | 8.7% | 7.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
MARTEN TRANSPORT LTD has demonstrated mature, steady growth, with revenue compounding at 3.1% annually over the past decade.
MARTEN TRANSPORT LTD returns on capital have been average, hovering around 10.3% ROIC over the decade.
MARTEN TRANSPORT LTD has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, MARTEN TRANSPORT LTD is modeled at -16.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-4.30 per share.