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Side-by-side financial comparison of MARTEN TRANSPORT LTD (MRTN) and REPLIGEN CORP (RGEN). Click either name above to swap in a different company.

MARTEN TRANSPORT LTD is the larger business by last-quarter revenue ($210.1M vs $194.3M, roughly 1.1× REPLIGEN CORP). REPLIGEN CORP runs the higher net margin — 4.3% vs 1.8%, a 2.5% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (14.8% vs -8.8%). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (12.3% 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.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

MRTN vs RGEN — Head-to-Head

Bigger by revenue
MRTN
MRTN
1.1× larger
MRTN
$210.1M
$194.3M
RGEN
Growing faster (revenue YoY)
RGEN
RGEN
+23.6% gap
RGEN
14.8%
-8.8%
MRTN
Higher net margin
RGEN
RGEN
2.5% more per $
RGEN
4.3%
1.8%
MRTN
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
12.3%
-8.3%
MRTN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MRTN
MRTN
RGEN
RGEN
Revenue
$210.1M
$194.3M
Net Profit
$3.7M
$8.3M
Gross Margin
55.7%
Operating Margin
2.2%
8.2%
Net Margin
1.8%
4.3%
Revenue YoY
-8.8%
14.8%
Net Profit YoY
-34.4%
42.9%
EPS (diluted)
$0.04
$0.15

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
RGEN
RGEN
Q1 26
$194.3M
Q4 25
$210.1M
$197.9M
Q3 25
$220.5M
$188.8M
Q2 25
$229.9M
$182.4M
Q1 25
$223.2M
$169.2M
Q4 24
$230.4M
$174.1M
Q3 24
$237.4M
$154.9M
Q2 24
$246.2M
$154.1M
Net Profit
MRTN
MRTN
RGEN
RGEN
Q1 26
$8.3M
Q4 25
$3.7M
$13.3M
Q3 25
$2.2M
$14.9M
Q2 25
$7.2M
$14.9M
Q1 25
$4.3M
$5.8M
Q4 24
$5.6M
$-30.3M
Q3 24
$3.8M
$-654.0K
Q2 24
$7.9M
$3.3M
Gross Margin
MRTN
MRTN
RGEN
RGEN
Q1 26
55.7%
Q4 25
52.5%
Q3 25
53.2%
Q2 25
50.0%
Q1 25
53.6%
Q4 24
26.1%
Q3 24
50.0%
Q2 24
49.8%
Operating Margin
MRTN
MRTN
RGEN
RGEN
Q1 26
8.2%
Q4 25
2.2%
9.0%
Q3 25
1.2%
8.9%
Q2 25
4.2%
7.6%
Q1 25
2.6%
3.9%
Q4 24
2.9%
-17.7%
Q3 24
1.8%
-5.1%
Q2 24
4.1%
1.0%
Net Margin
MRTN
MRTN
RGEN
RGEN
Q1 26
4.3%
Q4 25
1.8%
6.7%
Q3 25
1.0%
7.9%
Q2 25
3.1%
8.2%
Q1 25
1.9%
3.4%
Q4 24
2.4%
-17.4%
Q3 24
1.6%
-0.4%
Q2 24
3.2%
2.2%
EPS (diluted)
MRTN
MRTN
RGEN
RGEN
Q1 26
$0.15
Q4 25
$0.04
$0.24
Q3 25
$0.03
$0.26
Q2 25
$0.09
$0.26
Q1 25
$0.05
$0.10
Q4 24
$0.06
$-0.55
Q3 24
$0.05
$-0.01
Q2 24
$0.10
$0.06

Balance Sheet & Financial Strength

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

Metric
MRTN
MRTN
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$43.3M
$582.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$767.6M
Total Assets
$949.8M
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRTN
MRTN
RGEN
RGEN
Q1 26
$582.6M
Q4 25
$43.3M
$767.6M
Q3 25
$49.5M
$748.7M
Q2 25
$35.1M
$708.9M
Q1 25
$39.9M
$697.2M
Q4 24
$17.3M
$757.4M
Q3 24
$43.0M
$784.0M
Q2 24
$77.2M
$809.1M
Total Debt
MRTN
MRTN
RGEN
RGEN
Q1 26
Q4 25
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$525.6M
Q3 24
Q2 24
Stockholders' Equity
MRTN
MRTN
RGEN
RGEN
Q1 26
Q4 25
$767.6M
$2.1B
Q3 25
$768.2M
$2.1B
Q2 25
$770.7M
$2.1B
Q1 25
$767.5M
$2.0B
Q4 24
$767.9M
$2.0B
Q3 24
$766.5M
$2.0B
Q2 24
$766.8M
$2.0B
Total Assets
MRTN
MRTN
RGEN
RGEN
Q1 26
$2.9B
Q4 25
$949.8M
$2.9B
Q3 25
$975.7M
$2.9B
Q2 25
$991.8M
$2.9B
Q1 25
$983.3M
$2.9B
Q4 24
$968.8M
$2.8B
Q3 24
$1.0B
$2.8B
Q2 24
$1.0B
$2.9B
Debt / Equity
MRTN
MRTN
RGEN
RGEN
Q1 26
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
0.27×
Q3 24
Q2 24

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
RGEN
RGEN
Operating Cash FlowLast quarter
$5.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
RGEN
RGEN
Q1 26
Q4 25
$5.6M
$25.7M
Q3 25
$18.5M
$48.1M
Q2 25
$33.2M
$28.6M
Q1 25
$36.2M
$15.0M
Q4 24
$23.8M
$39.2M
Q3 24
$29.5M
$49.3M
Q2 24
$35.8M
$42.2M
Free Cash Flow
MRTN
MRTN
RGEN
RGEN
Q1 26
Q4 25
$17.6M
Q3 25
$43.4M
Q2 25
$21.5M
Q1 25
$11.4M
Q4 24
$33.6M
Q3 24
$42.3M
Q2 24
$37.4M
FCF Margin
MRTN
MRTN
RGEN
RGEN
Q1 26
Q4 25
8.9%
Q3 25
23.0%
Q2 25
11.8%
Q1 25
6.8%
Q4 24
19.3%
Q3 24
27.3%
Q2 24
24.3%
Capex Intensity
MRTN
MRTN
RGEN
RGEN
Q1 26
Q4 25
4.1%
Q3 25
2.5%
Q2 25
3.9%
Q1 25
2.1%
Q4 24
3.2%
Q3 24
4.5%
Q2 24
3.1%
Cash Conversion
MRTN
MRTN
RGEN
RGEN
Q1 26
Q4 25
1.51×
1.93×
Q3 25
8.33×
3.23×
Q2 25
4.61×
1.92×
Q1 25
8.35×
2.57×
Q4 24
4.22×
Q3 24
7.85×
Q2 24
4.54×
12.70×

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%

RGEN
RGEN

Product$194.2M100%
Royalty and other revenue$44.0K0%

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