MARTEN TRANSPORT LTD
Close on Oct 19, 2026
- Market cap
- $1.02B
- P/E (TTM)
- 73.5
- Dividend yield
- 1.92%
About Marten Transport
Trucking (No Local), SIC 4213
Marten Transport, Ltd. is an American transportation and logistics provider that specializes in temperature-controlled and dry freight distribution. The company operates across distinct business platforms and reporting segments, which include Truckload, Dedicated, and Brokerage, alongside the MRTN de Mexico operation. Its services comprise regional short-haul and medium-to-long-haul full-load transit, customized dedicated fleet solutions, and third-party freight brokerage. Marten primarily serves shippers of food and consumer packaged goods requiring temperature-regulated or insulated transport, with major retail corporations such as Walmart among its key customers.
The company conducts operations throughout the United States and within parts of Mexico and Canada. Its equipment fleet encompasses 2,654 company-owned and independent contractor tractors along with 5,107 trailers, which include refrigerated units and dry vans. The carrier employs thousands of commercial drivers, maintenance workers, and administrative support personnel across its terminal network. Marten Transport maintains its corporate headquarters in Mondovi, Wisconsin.
Summary of the business section of Marten Transport's latest annual report, written by StockData.
Company profile
Company
- Legal name
- MARTEN TRANSPORT LTD
- Founded
- 1946
- Headquarters
- Mondovi, WI
- Address
- 129 Marten Street 54755
- Phone
- (715) 926-4216
- Website
- marten.com
- Employees
- 3,502, Dec 31, 2025
- Industry
- Trucking (No Local)
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- GRANT THORNTON LLP, Minneapolis, Minnesota
Stock & identifiers
- Ticker
- MRTN
- Exchange
- Nasdaq
- Shares outstanding
- 82M, Jul 28, 2026
- Public float
- $816.76M, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-2, Nov 6, 2020; 3-for-2, Aug 14, 2020; 5-for-3, Aug 8, 2017; 5-for-3, Jul 10, 2017; 3-for-2, Aug 9, 2013; 3-for-2, Jun 17, 2013; 3-for-2, Dec 27, 2005; 3-for-2, Dec 8, 2003; 3-for-2, Jul 25, 2003; 3-for-2, Jan 6, 1998
- SEC CIK
- 799167
- CUSIP
- 573075108
- ISIN
- US5730751089
- EIN
- 39-1140809
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Randolph L. Marten | Chairman of the Board and CEO, Director | 17,742,900 |
| James J. Hinnendael | EVP & Chief Financial Officer | 161,564 |
| Adam Daniel Phillips | EVP & Chief Operating Officer | 15,284 |
| Douglas Paul Petit | President | 40,585 |
| Randall John Baier | Exec. VP & Chief Tech. Officer | 22,564 |
| Timothy M. Kohl | Chief Executive Officer | 291,019 |
| Kathleen P. Iverson | Director | 22,850 |
| Ronald Richard Booth | Director | 32,349 |
| Larry B. Hagness | Director | 210,575 |
| Patricia L. Jones | Director | 15,100 |
| Jerry M. Bauer | Director | 185,044 |
| Robert L. Demorest | Director | 58,894 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Randolph LMarten | $1.15M | $920.88K | $513.88K | $75 | $145 |
| FY2025 Timothy MKohl | $1.50M | $551.41K | $513.88K | $75 | $145 |
| FY2024 | $1.10M | $890.36K | $659.37K | $101 | $159 |
| FY2024 Former PEO | $0 | $0 | $659.37K | $101 | $159 |
| FY2024 Timothy MKohl | $1.10M | $890.36K | $659.37K | $101 | $159 |
| FY2023 | $1.08M | $1.13M | $619.32K | $134 | $175 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 3,502 employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Mar 13, 2014 | Auditor change | Change in certifying accountant (8-K Item 4.01) |