MRTNMARTEN TRANSPORT LTD
Trucking (no Local)
- Revenue
- $884M
- 8.3% YoY
- Operating margin
- 2.6%
- 25% YoY
- EBITDA
- $128M
- 11% YoY
- Market cap
- $957M
- Employees
- 3,502
- $252K revenue each
- Net debt / EBITDA
- -0.7×
- −$96M net debt
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo536% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo21% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo99% lowest supportAny vote under 80% support
Buyer economics 3 of 4
- Low revenue per employeeNo$252K per employeeBottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 0.7× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedYes$957M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $974M | $1.3B | $1.1B | $964M | $884M | 8.3% |
| Operating income | $112M | $143M | $90M | $33M | $23M | 31% |
| Net income | $85M | $110M | $70M | $27M | $17M | 35% |
| Operating cash flow | $171M | $219M | $164M | $135M | $93M | 31% |
| Stock-based comp | $3M | $3M | $2M | $2M | $2M | 17% |
| Buybacks | $0 | $42M | $0 | $0 | — | |
| Dividends | $55M | $20M | $20M | $20M | $20M | 0.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.