--- title: "Marten Transport | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 203.53 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285714974.md" datetime: "2026-05-08T11:24:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285714974.md) - [en](https://longbridge.com/en/news/285714974.md) - [zh-HK](https://longbridge.com/zh-HK/news/285714974.md) --- # Marten Transport | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 203.53 M Revenue: As of FY2026 Q1, the actual value is USD 203.53 M, missing the estimate of USD 212.2 M. EPS: As of FY2026 Q1, the actual value is USD 0.02. EBIT: As of FY2026 Q1, the actual value is USD 1.592 M. #### Overall Financial Performance 马尔登运输 (Marten Transport, Ltd.)’s total operating revenue decreased by $19,626 thousand, or 8.8%, to $203,526 thousand for the three months ended March 31, 2026, compared to $223,152 thousand in the prior-year period. Operating revenue, net of fuel surcharges, decreased by $18,600 thousand, or 9.5%, to $177,200 thousand in the 2026 period from $195,800 thousand in the 2025 period. Fuel surcharge revenue decreased to $26,400 thousand in the first three months of 2026 from $27,400 thousand in the first three months of 2025. The company’s operating income declined by $4,267 thousand, or 72.8%, to $1,592 thousand in the 2026 period from $5,859 thousand in the 2025 period. The consolidated operating ratio was 99.2% in the 2026 period, up from 97.4% in the 2025 period, while the operating ratio net of fuel surcharges increased to 99.1% from 97.0%. Net income declined by $2,953 thousand, or 68.1%, to $1,382 thousand, resulting in $0.02 diluted earnings per share, down from $4,335 thousand, or $0.05 diluted earnings per share, in the prior-year period. #### Segmented Revenue and Operational Metrics - **Truckload Segment**: - Total revenue increased by 1.0% to $105,390 thousand in the 2026 period from $104,391 thousand in the 2025 period. - Revenue, net of fuel surcharges, decreased by 0.9% to $89,310 thousand in 2026 from $90,106 thousand in 2025, primarily due to a decrease in average fleet size, partially offset by an increase in average revenue per tractor. - Operating income was - $944 thousand in 2026, a decrease of 214.7% from - $300 thousand in 2025. - The operating ratio was 100.9% in 2026, up from 100.3% in 2025. - Average revenue, net of fuel surcharges, per tractor per week increased to $4,425 in 2026 from $4,196 in 2025. - Average tractors decreased to 1,570 in 2026 from 1,670 in 2025. - **Dedicated Segment**: - Total revenue decreased by 13.8% to $63,463 thousand in 2026 from $73,625 thousand in 2025. - Revenue, net of fuel surcharges, decreased by 14.8% to $53,174 thousand in 2026 from $62,405 thousand in 2025, mainly due to a decrease in average fleet size, partially offset by an increase in average revenue per tractor. - Operating income was $1,622 thousand in 2026, a decrease of 66.6% from $4,854 thousand in 2025. - The operating ratio increased to 97.4% in 2026 from 93.4% in 2025. - Average revenue, net of fuel surcharges, per tractor per week increased to $3,909 in 2026 from $3,846 in 2025. - Average tractors decreased to 1,058 in 2026 from 1,262 in 2025. - **Brokerage Segment**: - Revenue increased by 5.0% to $34,673 thousand in 2026 from $33,019 thousand in 2025, driven by an increase in loads, partially offset by a decrease in revenue per load. - Operating income was $914 thousand in 2026, a decrease of 57.7% from $2,160 thousand in 2025. - The operating ratio increased to 97.4% in 2026 from 93.5% in 2025. - Loads increased to 23,882 in 2026 from 20,416 in 2025. - **Intermodal Segment**: - Revenue was $0 thousand in 2026 due to the sale of operations, compared to $12,117 thousand in 2025. - The Intermodal operations were sold effective September 30, 2025, to Hub Group, Inc. for $51.8 million in cash. #### Cash Flow Net cash flows provided by operating activities were $33,049 thousand in the first three months of 2026, down from $36,215 thousand in the same period of 2025. Net cash flows used for investing activities were - $1,607 thousand in 2026, an improvement from - $8,413 thousand in 2025. Net cash flows used for financing activities were - $4,934 thousand in 2026, compared to - $5,164 thousand in 2025. #### Liquidity and Capital Resources As of March 31, 2026, 马尔登运输 (Marten Transport, Ltd.) had $74,786 thousand in cash and cash equivalents and an escrow deposit, $764,208 thousand in stockholders’ equity, and no outstanding long-term debt. #### Future Outlook and Strategy 马尔登运输 (Marten Transport, Ltd.) estimates capital expenditures, net of proceeds from dispositions, will be approximately $100 million for the remainder of 2026, including commitments to purchase $130.4 million of new revenue equipment in the remainder of 2026 and $31.2 million in 2027. The company expects to continue paying quarterly cash dividends of $0.06 per share, similar to the $4.9 million paid in the first three months of 2026. ### Related Stocks - [MRTN.US](https://longbridge.com/en/quote/MRTN.US.md) ## Related News & Research - [Electro-Sensors GAAP EPS of -$0.03, revenue of $2.6M](https://longbridge.com/en/news/286518577.md) - [OceanPal Inc. Announces 2026 Annual General Meeting of Shareholders to be Held on June 16, 2026 | SVRN Stock News](https://longbridge.com/en/news/286308382.md) - [ZTO Reports First Quarter 2026 Unaudited Financial Results | ZTO Stock News](https://longbridge.com/en/news/286971103.md) - [Crombie Reit Announces May 2026 Monthly Distribution | CROMF Stock News](https://longbridge.com/en/news/286603129.md) - [Vulnerability Exploitation Top Breach Entry Point, 2026 Industry-Wide DBIR Finds | VZ Stock News](https://longbridge.com/en/news/286918426.md)