Marten Transport (MRTN) Operating Margin (2010 - 2026)
Marten Transport (MRTN) posted quarterly Operating Margin of 2.18% for Q4 2025, down 74.0% year-over-year from 8.39% in Q4 2024, and up 75.6% quarter-over-quarter from 1.24% in Q3 2025.
Marten Transport (MRTN) Operating Margin (2010 - 2026) Analysis & Trends
Marten Transport (MRTN) has reported Operating Margin for 16 consecutive years, with 2.18% the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Margin fell 74.0% year-over-year to 2.18%; the TTM figure through Dec 2025 stood at 2.59% (down 85.0% YoY), while the FY2025 annual figure was 2.59%, down 85.0% from the prior year.
- Operating Margin climbed to 2.18% in Q4 2025 per MRTN's latest filing, from 1.24% in the prior quarter.
- Across five years, Operating Margin topped out at 12.48% in Q1 2022 and bottomed at 1.24% in Q3 2025.
- Historically, Operating Margin has averaged 7.35% across 5 years, with a median of 7.95% in 2023.
- Annual changes were most pronounced in 2021 — Operating Margin soared 251 bps — and 2024, when it plunged 583 bps.
- Marten Transport's Operating Margin stood at 11.49% in 2021, then dropped by 12 bps to 10.16% in 2022, then slumped by 43 bps to 5.84% in 2023, then tumbled by 50 bps to 2.92% in 2024, then slipped by 25 bps to 2.18% in 2025.
- Business Quant data shows MRTN's Operating Margin at 2.18% in Q4 2025, 1.24% in Q3 2025, and 4.23% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.49 Bn | 42.21 Bn | 1.52 Bn | 29.94% |
| 2 | Xpo | 23.08 Bn | 22.78 Bn | 1.89 Bn | 11.51% |
| 3 | TFI International | 11.47 Bn | 11.26 Bn | - | - |
| 4 | Knight-Swift Transportation Holdings | 11.33 Bn | 11.14 Bn | 1.77 Bn | 5.00% |
| 5 | Saia | 9.61 Bn | 9.53 Bn | - | 13.09% |
| 6 | Schneider National | 6.15 Bn | 5.63 Bn | 1.00 Bn | 4.55% |
| 7 | Rxo | 3.68 Bn | 3.66 Bn | 302.00 Mn | 0.06% |
| 8 | Arcbest | 3.03 Bn | 2.86 Bn | 1.14 Bn | -1.74% |
| 9 | Werner Enterprises | 2.28 Bn | 2.23 Bn | - | 1.81% |
| 10 | Marten Transport | 1.20 Bn | 1.09 Bn | 184.72 Mn | 3.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.09% |
| Dec 31, 2025 | 2.18% |
| Sep 30, 2025 | 1.24% |
| Jun 30, 2025 | 4.23% |
| Mar 31, 2025 | 2.63% |
| Dec 31, 2024 | 2.92% |
| Sep 30, 2024 | 1.80% |
| Jun 30, 2024 | 4.05% |
| Mar 31, 2024 | 4.91% |
| Dec 31, 2023 | 5.84% |
| Sep 30, 2023 | 6.16% |
| Jun 30, 2023 | 9.88% |
| Mar 31, 2023 | 9.73% |
| Dec 31, 2022 | 10.16% |
| Sep 30, 2022 | 10.41% |
| Jun 30, 2022 | 12.42% |
| Mar 31, 2022 | 12.48% |
| Dec 31, 2021 | 11.49% |
| Sep 30, 2021 | 11.34% |
| Jun 30, 2021 | 12.27% |