10-Q quarterly report · filed Nov 7, 2025

MARTEN TRANSPORT LTD (MRTN) Q3 2025 10-Q Quarterly Report

Short answer

MARTEN TRANSPORT LTD (MRTN) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $220M (down 7.1% year over year) with net income of $2M.

Q3 2025 key financials · XBRL

Revenue
$220M
−7.1% YoY · −4.1% QoQ
Net income
$2M
−40.7% YoY · −69.0% QoQ
Operating margin
1.2%
EPS (diluted)
$0.03
−25.0% YoY · −66.7% QoQ

Source: XBRL data from the MARTEN TRANSPORT LTD (MRTN) Q3 2025 10-Q on SEC EDGAR. USD.

MARTEN TRANSPORT LTD Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $220.5M, down 7.1% YoY from $237.4M
  • Q3 operating margin 1.2% vs 1.8% YoY; net margin 1.0% vs 1.6%
  • Best segment Dedicated: $67.0M revenue, 94.9% operating ratio vs 95.9%
  • Worst segment Intermodal: $9.9M revenue, down 32.1%; operating ratio 103.0%
  • Cash and equivalents plus escrow $54.5M; operating cash flow $87.9M and capital expenditures $32.4M nine months YTD

Risk Factors

  • Newly added tariff risk triggered by Trump administration policies during the first nine months of 2025
  • Tariffs and retaliation potentially reducing shipping volumes and revenue
  • Supplier tariff costs potentially increasing new revenue-equipment prices and limiting availability
  • Fuel-price increases potentially unrecovered through rate increases or fuel-surcharge programs
  • Economic downturns and excess trucking capacity pressuring operating results and customer payment ability

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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