Filing Flows › Marten Transport (MRTN) › Q3 2025
Marten Transport (MRTN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Marten Transport (MRTN) reported revenue of $220M for the third quarter 2025 (Q3 2025), -7% from a year earlier and -4% from the quarter before. Operating margin was 1.2%, net earnings $2.2M (1.0% of revenue).
Marten Transport, Q3 2025: revenue $220M (-7% year over year), operating margin 1.2%, net earnings $2.2M, operating cash flow $18.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $220M | -4% | -7% |
| Operating profit | $2.7M | -72% | -36% |
| Net earnings | $2.2M | -69% | -41% |
| Operating cash flow | $18.5M | -44% | -37% |
What changed
Revenue was $220.5M in Q3 2025, down 7% year over year and down 4% from the previous quarter. Truckload was the largest line at 48% of revenue. Dedicated lost $8.0M year over year (down 11%), 47% of the total change.
Operating profit was $2.7M, a 1.2% margin (down 0.6 points year over year). Total costs fell 7% while revenue fell 7%. Net earnings were $2.2M, down 41% year over year. The effective tax rate was 24.6%.
Operating cash flow was $18.5M (down 37% year over year), 833% of net earnings. Non-cash charges added back $25.4M of depreciation and $149K of share-based compensation. Working capital and other items used $9.3M.
Questions
What was Marten Transport's revenue in the third quarter 2025?
Marten Transport (MRTN) reported revenue of $220M for the third quarter 2025 (Q3 2025), -7% from a year earlier and -4% from the quarter before.
Was Marten Transport profitable in the third quarter 2025?
Operating profit was $2.7M (1.2% of revenue) and net earnings $2.2M.
Source: Marten Transport 10-Q on SEC EDGAR.