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Side-by-side financial comparison of MARTEN TRANSPORT LTD (MRTN) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.

MARTEN TRANSPORT LTD is the larger business by last-quarter revenue ($210.1M vs $143.3M, roughly 1.5× Piedmont Realty Trust, Inc.). MARTEN TRANSPORT LTD runs the higher net margin — 1.8% vs -31.4%, a 33.2% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% vs -8.8%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% CAGR vs -8.3%).

Marten Transport, Ltd. is an American trucking company headquartered in Mondovi, Wisconsin. The company offers refrigerated and dry van freight transport services across the United States, Canada, and Mexico.

Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.

MRTN vs PDM — Head-to-Head

Bigger by revenue
MRTN
MRTN
1.5× larger
MRTN
$210.1M
$143.3M
PDM
Growing faster (revenue YoY)
PDM
PDM
+9.2% gap
PDM
0.4%
-8.8%
MRTN
Higher net margin
MRTN
MRTN
33.2% more per $
MRTN
1.8%
-31.4%
PDM
Faster 2-yr revenue CAGR
PDM
PDM
Annualised
PDM
0.0%
-8.3%
MRTN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MRTN
MRTN
PDM
PDM
Revenue
$210.1M
$143.3M
Net Profit
$3.7M
$-45.0M
Gross Margin
Operating Margin
2.2%
Net Margin
1.8%
-31.4%
Revenue YoY
-8.8%
0.4%
Net Profit YoY
-34.4%
-27.9%
EPS (diluted)
$0.04
$-0.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MRTN
MRTN
PDM
PDM
Q1 26
$143.3M
Q4 25
$210.1M
$142.9M
Q3 25
$220.5M
$139.2M
Q2 25
$229.9M
$140.3M
Q1 25
$223.2M
$142.7M
Q4 24
$230.4M
$143.2M
Q3 24
$237.4M
$139.3M
Q2 24
$246.2M
$143.3M
Net Profit
MRTN
MRTN
PDM
PDM
Q1 26
$-45.0M
Q4 25
$3.7M
$-43.2M
Q3 25
$2.2M
$-13.5M
Q2 25
$7.2M
$-16.8M
Q1 25
$4.3M
$-10.1M
Q4 24
$5.6M
$-30.0M
Q3 24
$3.8M
$-11.5M
Q2 24
$7.9M
$-9.8M
Operating Margin
MRTN
MRTN
PDM
PDM
Q1 26
Q4 25
2.2%
Q3 25
1.2%
Q2 25
4.2%
Q1 25
2.6%
Q4 24
2.9%
Q3 24
1.8%
Q2 24
4.1%
Net Margin
MRTN
MRTN
PDM
PDM
Q1 26
-31.4%
Q4 25
1.8%
-30.3%
Q3 25
1.0%
-9.7%
Q2 25
3.1%
-12.0%
Q1 25
1.9%
-7.1%
Q4 24
2.4%
-20.9%
Q3 24
1.6%
-8.3%
Q2 24
3.2%
-6.8%
EPS (diluted)
MRTN
MRTN
PDM
PDM
Q1 26
$-0.10
Q4 25
$0.04
$-0.34
Q3 25
$0.03
$-0.11
Q2 25
$0.09
$-0.14
Q1 25
$0.05
$-0.08
Q4 24
$0.06
$-0.25
Q3 24
$0.05
$-0.09
Q2 24
$0.10
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MRTN
MRTN
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$43.3M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$767.6M
$1.5B
Total Assets
$949.8M
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRTN
MRTN
PDM
PDM
Q1 26
$2.3M
Q4 25
$43.3M
$731.0K
Q3 25
$49.5M
$3.0M
Q2 25
$35.1M
$3.3M
Q1 25
$39.9M
$2.9M
Q4 24
$17.3M
$109.6M
Q3 24
$43.0M
$133.6M
Q2 24
$77.2M
$138.5M
Total Debt
MRTN
MRTN
PDM
PDM
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
MRTN
MRTN
PDM
PDM
Q1 26
$1.5B
Q4 25
$767.6M
$1.5B
Q3 25
$768.2M
$1.5B
Q2 25
$770.7M
$1.5B
Q1 25
$767.5M
$1.6B
Q4 24
$767.9M
$1.6B
Q3 24
$766.5M
$1.6B
Q2 24
$766.8M
$1.7B
Total Assets
MRTN
MRTN
PDM
PDM
Q1 26
$4.0B
Q4 25
$949.8M
$4.0B
Q3 25
$975.7M
$4.0B
Q2 25
$991.8M
$4.0B
Q1 25
$983.3M
$4.0B
Q4 24
$968.8M
$4.1B
Q3 24
$1.0B
$4.1B
Q2 24
$1.0B
$4.2B
Debt / Equity
MRTN
MRTN
PDM
PDM
Q1 26
Q4 25
1.49×
Q3 25
1.43×
Q2 25
1.41×
Q1 25
1.40×
Q4 24
1.40×
Q3 24
1.36×
Q2 24
1.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MRTN
MRTN
PDM
PDM
Operating Cash FlowLast quarter
$5.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
110.3%
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRTN
MRTN
PDM
PDM
Q1 26
Q4 25
$5.6M
$140.6M
Q3 25
$18.5M
$35.8M
Q2 25
$33.2M
$50.1M
Q1 25
$36.2M
$3.7M
Q4 24
$23.8M
$198.1M
Q3 24
$29.5M
$42.9M
Q2 24
$35.8M
$66.8M
Capex Intensity
MRTN
MRTN
PDM
PDM
Q1 26
110.3%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
MRTN
MRTN
PDM
PDM
Q1 26
Q4 25
1.51×
Q3 25
8.33×
Q2 25
4.61×
Q1 25
8.35×
Q4 24
4.22×
Q3 24
7.85×
Q2 24
4.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MRTN
MRTN

Revenue Net Of Fuel Surcharge$91.2M43%
Dedicated$65.9M31%
Brokerage$38.2M18%
Truckload Fuel Surcharge Revenue$14.8M7%
Fuel Surcharge Revenue$9.8M5%

PDM
PDM

Segment breakdown not available.

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