Filing Flows › Marten Transport (MRTN) › Q1 2025
Marten Transport (MRTN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Marten Transport (MRTN) reported revenue of $223M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -3% from the quarter before. Operating margin was 2.6%, net earnings $4.3M (1.9% of revenue).
Marten Transport, Q1 2025: revenue $223M (-11% year over year), operating margin 2.6%, net earnings $4.3M, operating cash flow $36.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $223M | -3% | -11% |
| Operating profit | $5.9M | -13% | -52% |
| Net earnings | $4.3M | -23% | -55% |
| Operating cash flow | $36.2M | +52% | -21% |
What changed
Revenue was $223.2M in Q1 2025, down 11% year over year and down 3% from the previous quarter. Truckload was the largest line at 47% of revenue. Dedicated lost $12.8M year over year (down 15%), 48% of the total change.
Operating profit was $5.9M, a 2.6% margin (down 2.3 points year over year). Total costs fell 8% while revenue fell 11%. Net earnings were $4.3M, down 55% year over year. The effective tax rate was 30.2%.
Operating cash flow was $36.2M (down 21% year over year), 835% of net earnings. Non-cash charges added back $27.5M of depreciation and $407K of share-based compensation. Working capital and other items added $4.0M.
Questions
What was Marten Transport's revenue in the first quarter 2025?
Marten Transport (MRTN) reported revenue of $223M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -3% from the quarter before.
Was Marten Transport profitable in the first quarter 2025?
Operating profit was $5.9M (2.6% of revenue) and net earnings $4.3M.
Source: Marten Transport 10-Q on SEC EDGAR.