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Marten Transport MRTN Intermodal — Operating Ratio Net Of Fuel Surcharges

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SNDRIntermodal — Fuel Surcharge Revenue
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SNDRIntermodal — Revenues excluding fuel surcharge
$253.5M-2.6%
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HTLDfuel surcharge — Fuel surcharge revenue
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FWRDIntermodal — Fuel expense
$2.54M+36.8%

Other financials

Income statement

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Revenue$223.5M-2.8%
Operating income$6.9M-29.0%
Net income$5.3M-25.7%
EPS (diluted)$0.07-22.2%

Balance sheet

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Cash & equivalents$104.0M+197%
Total debt$119.0K-62.5%
Total assets$955.5M-3.7%

Cash flow

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Operating cash flow$27.7M-16.5%

Valuation

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Market cap$1.2B+26.9%
Enterprise value$1.09B+20.3%
P/E94.8×+49.6×
P/S1.4×+0.4×

Profitability

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Operating margin1.8%-1.0pp
Net margin1.5%-0.8pp

Returns & leverage

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Current ratio2.5×+1.2×

Where this comes from

Reported directly by Marten Transport in its filing.

Tagged under the XBRL concept mrtn:OperatingRatioNetOfFuelSurcharges.

The source filing: Marten Transport’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 7:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437749-26-026046
(In thousands)TruckloadDedicatedBrokerageIntermodalTotal
Insurance and claims6,1853,224(103)-9,306
Communications and utilities1,299673180-2,152
Gain on disposition of revenue equipment(990)(683)--(1,673)
Other4,1252,814426-7,365
Total operating expenses113,90364,85637,868-216,627
Operating income$2,417$2,440$2,059-$6,916
Operating ratio97.9%96.4%94.8%-96.9%
Operating ratio, net of fuel surcharges97.4%95.4%94.8%-96.3%

Item 1. Financial Statements.

FAQ

What is Marten Transport's intermodal — operating ratio net of fuel surcharges?
Marten Transport (MRTN) reported intermodal — operating ratio net of fuel surcharges of 0% in Q2 2026.
How has Marten Transport's intermodal — operating ratio net of fuel surcharges changed year-over-year?
Marten Transport's intermodal — operating ratio net of fuel surcharges decreased by 100.0% year-over-year, from 107.3% to 0%.
What is the long-term trend for Marten Transport's intermodal — operating ratio net of fuel surcharges?
Over 2 years (2022 to 2024), Marten Transport's intermodal — operating ratio net of fuel surcharges has grown at a 89.5% compound annual growth rate (CAGR), from 89.4% to 321%.
What does intermodal — operating ratio net of fuel surcharges mean?
An adjusted operating ratio that excludes the impact of fuel surcharges to provide a clearer view of core operational performance and margin trends. By removing the volatility of fuel price fluctuations, this metric allows investors to assess the underlying efficiency and pricing power of the Intermodal segment.

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