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Marten Transport (MRTN) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 8, 2025

Marten Transport (MRTN) reported revenue of $230M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +3% from the quarter before. Operating margin was 4.2%, net earnings $7.2M (3.1% of revenue).

Revenue$230M
Year over year-7%
Quarter over quarter+3%
Operating margin4.2%
Net earnings$7.2M

Marten Transport, Q2 2025: revenue $230M (-7% year over year), operating margin 4.2%, net earnings $7.2M, operating cash flow $33.2M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$230M+3%-7%
Operating profit$9.7M+66%-2%
Net earnings$7.2M+66%-9%
Operating cash flow$33.2M-8%-7%

What changed

Revenue was $229.9M in Q2 2025, down 7% year over year and up 3% from the previous quarter. Truckload was the largest line at 46% of revenue. Dedicated lost $9.4M year over year (down 12%), 58% of the total change.

Operating profit was $9.7M, a 4.2% margin (up 0.2 points year over year). Total costs fell 7% while revenue fell 7%. Net earnings were $7.2M, down 9% year over year. The effective tax rate was 29.3%.

Operating cash flow was $33.2M (down 7% year over year), 461% of net earnings. Non-cash charges added back $27.3M of depreciation and $921K of share-based compensation. Working capital and other items used $2.3M.

Questions

What was Marten Transport's revenue in the second quarter 2025?

Marten Transport (MRTN) reported revenue of $230M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +3% from the quarter before.

Was Marten Transport profitable in the second quarter 2025?

Operating profit was $9.7M (4.2% of revenue) and net earnings $7.2M.

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Source: Marten Transport 10-Q on SEC EDGAR.