Marten Transport Q4 net income falls to $5.6 million; revenue down 14.1% from 2023
Marten Transport reported fourth-quarter 2024 net income of $5.6 million, or 7 cents per diluted share, down from $12.4 million, or 15 cents, a year earlier. Operating revenue fell 14.1% to $230.4 million, and for the full year net income was $26.9 million, or 33 cents per diluted share, versus $70.4 million, or 86 cents, in 2023. Net income did rise 50.1% from the third quarter of 2024, which the company describes as its first sequential improvement in net income, operating income and operating ratio, net of fuel surcharges, since the second quarter of 2022.
Key points
- Q4 2024 operating revenue $230.4 million vs. $268.2 million in Q4 2023; operating income $6.7 million vs. $15.7 million
- Q4 2024 net income $5.6 million (7 cents per diluted share), up 50.1% from Q3 2024 net income of $3.8 million
- Full-year 2024 operating revenue $963.7 million vs. $1.131 billion in 2023; net income $26.9 million (33 cents per diluted share) vs. $70.4 million (86 cents)
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 27, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.