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Side-by-side financial comparison of MARTEN TRANSPORT LTD (MRTN) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
MARTEN TRANSPORT LTD is the larger business by last-quarter revenue ($210.1M vs $117.3M, roughly 1.8× Latham Group, Inc.). MARTEN TRANSPORT LTD runs the higher net margin — 1.8% vs -7.3%, a 9.0% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (5.3% vs -8.8%). Over the past eight quarters, MARTEN TRANSPORT LTD's revenue compounded faster (-8.3% CAGR vs -14.4%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
MRTN vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $210.1M | $117.3M |
| Net Profit | $3.7M | $-8.5M |
| Gross Margin | — | 31.7% |
| Operating Margin | 2.2% | — |
| Net Margin | 1.8% | -7.3% |
| Revenue YoY | -8.8% | 5.3% |
| Net Profit YoY | -34.4% | -43.1% |
| EPS (diluted) | $0.04 | $-0.07 |
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.
| Q1 26 | — | $117.3M | ||
| Q4 25 | $210.1M | $100.0M | ||
| Q3 25 | $220.5M | $161.9M | ||
| Q2 25 | $229.9M | $172.6M | ||
| Q1 25 | $223.2M | $111.4M | ||
| Q4 24 | $230.4M | $87.3M | ||
| Q3 24 | $237.4M | $150.5M | ||
| Q2 24 | $246.2M | $160.1M |
| Q1 26 | — | $-8.5M | ||
| Q4 25 | $3.7M | $-7.0M | ||
| Q3 25 | $2.2M | $8.1M | ||
| Q2 25 | $7.2M | $16.0M | ||
| Q1 25 | $4.3M | $-6.0M | ||
| Q4 24 | $5.6M | $-29.2M | ||
| Q3 24 | $3.8M | $5.9M | ||
| Q2 24 | $7.9M | $13.3M |
| Q1 26 | — | 31.7% | ||
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | -10.7% | ||
| Q3 25 | 1.2% | 13.3% | ||
| Q2 25 | 4.2% | 14.3% | ||
| Q1 25 | 2.6% | -4.4% | ||
| Q4 24 | 2.9% | -14.9% | ||
| Q3 24 | 1.8% | 8.9% | ||
| Q2 24 | 4.1% | 12.5% |
| Q1 26 | — | -7.3% | ||
| Q4 25 | 1.8% | -7.0% | ||
| Q3 25 | 1.0% | 5.0% | ||
| Q2 25 | 3.1% | 9.3% | ||
| Q1 25 | 1.9% | -5.4% | ||
| Q4 24 | 2.4% | -33.4% | ||
| Q3 24 | 1.6% | 3.9% | ||
| Q2 24 | 3.2% | 8.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.04 | $-0.06 | ||
| Q3 25 | $0.03 | $0.07 | ||
| Q2 25 | $0.09 | $0.13 | ||
| Q1 25 | $0.05 | $-0.05 | ||
| Q4 24 | $0.06 | $-0.24 | ||
| Q3 24 | $0.05 | $0.05 | ||
| Q2 24 | $0.10 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $43.3M | — |
| Total DebtLower is stronger | — | $3.3M |
| Stockholders' EquityBook value | $767.6M | $396.7M |
| Total Assets | $949.8M | $856.4M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $43.3M | — | ||
| Q3 25 | $49.5M | — | ||
| Q2 25 | $35.1M | — | ||
| Q1 25 | $39.9M | — | ||
| Q4 24 | $17.3M | — | ||
| Q3 24 | $43.0M | — | ||
| Q2 24 | $77.2M | — |
| Q1 26 | — | $3.3M | ||
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q1 26 | — | $396.7M | ||
| Q4 25 | $767.6M | $405.9M | ||
| Q3 25 | $768.2M | $408.4M | ||
| Q2 25 | $770.7M | $398.4M | ||
| Q1 25 | $767.5M | $381.1M | ||
| Q4 24 | $767.9M | $387.2M | ||
| Q3 24 | $766.5M | $416.6M | ||
| Q2 24 | $766.8M | $408.1M |
| Q1 26 | — | $856.4M | ||
| Q4 25 | $949.8M | $823.2M | ||
| Q3 25 | $975.7M | $844.4M | ||
| Q2 25 | $991.8M | $822.1M | ||
| Q1 25 | $983.3M | $824.6M | ||
| Q4 24 | $968.8M | $794.2M | ||
| Q3 24 | $1.0B | $853.4M | ||
| Q2 24 | $1.0B | $830.0M |
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.6M | $-47.7M |
| 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.
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $5.6M | $23.3M | ||
| Q3 25 | $18.5M | $51.0M | ||
| Q2 25 | $33.2M | $36.0M | ||
| Q1 25 | $36.2M | $-46.9M | ||
| Q4 24 | $23.8M | $6.2M | ||
| Q3 24 | $29.5M | $37.2M | ||
| Q2 24 | $35.8M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.51× | — | ||
| Q3 25 | 8.33× | 6.29× | ||
| Q2 25 | 4.61× | 2.25× | ||
| Q1 25 | 8.35× | — | ||
| Q4 24 | 4.22× | — | ||
| Q3 24 | 7.85× | 6.32× | ||
| Q2 24 | 4.54× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRTN
| Revenue Net Of Fuel Surcharge | $91.2M | 43% |
| Dedicated | $65.9M | 31% |
| Brokerage | $38.2M | 18% |
| Truckload Fuel Surcharge Revenue | $14.8M | 7% |
| Fuel Surcharge Revenue | $9.8M | 5% |
SWIM
Segment breakdown not available.
