Marten Transport Q2 net income down 8.9% YoY to $7.2mln.

Wednesday, Jul 16, 2025 8:49 am ET1min read

• Marten Transport Q2 net income $7.2mln, down from $7.9mln YoY. • Q2 operating revenue $229.9mln, down from $246.2mln YoY. • Fuel surcharge revenue decreased to $26.1mln from $32.7mln YoY. • Operating revenue for H1 2025 $453.1mln, down from $495.9mln YoY.

Marten Transport (NASDAQ: MRTN) reported its second-quarter 2025 financial results, reflecting a decline in performance compared to the same period last year. The company's net income decreased to $7.2 million, down from $7.9 million in Q2 2024, marking a 9% reduction year-over-year [1].

Operating revenue for the quarter stood at $229.9 million, a 6.6% decrease from $246.2 million in Q2 2024 [1]. The company's operating income also declined, from $10.0 million to $9.7 million, indicating margin compression [1]. Fuel surcharge revenue, a significant portion of the company's revenue, decreased to $26.1 million from $32.7 million in Q2 2024 [1].

Looking at the first half of 2025, operating revenue was $453.1 million, down from $495.9 million in H1 2024, a 9% decrease [1]. Operating expenses as a percentage of revenue increased slightly to 96.6% from 95.5% in H1 2024 [1].

Marten Transport's balance sheet remains stable, with cash more than doubling to $35.1 million from $17.3 million at year-end 2024 [1]. The company's strategy focuses on its multifaceted business model, particularly leveraging dedicated and brokerage operations which have shown relative strength [1].

The company's challenges are largely attributed to the ongoing freight market recession, characterized by oversupply and weak demand, along with inflationary costs and freight rate reductions [1]. Management remains focused on minimizing market impacts and pursuing profitable organic growth opportunities, particularly those expected from industry capacity exits due to increased English Language Proficiency and B-1 visa regulation enforcement [1].

References:
[1] https://www.stocktitan.net/news/MRTN/marten-transport-announces-second-quarter-5637i0dv23wc.html

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