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MARTEN TRANSPORT LTD（MRTN）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
MARTEN TRANSPORT LTD的季度营收约是REPLIGEN CORP的1.1倍（$210.1M vs $194.3M），REPLIGEN CORP净利率更高（4.3% vs 1.8%，领先2.5%），REPLIGEN CORP同比增速更快（14.8% vs -8.8%），过去两年REPLIGEN CORP的营收复合增速更高（12.3% vs -8.3%）
Marten Transport Ltd是一家总部位于美国威斯康星州蒙多维的公路货运企业，主营业务覆盖美国、加拿大和墨西哥地区，提供冷藏货运和干货厢式货运服务。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
MRTN vs RGEN — 直观对比
营收规模更大
MRTN
是对方的1.1倍
$194.3M
营收增速更快
RGEN
高出23.6%
-8.8%
净利率更高
RGEN
高出2.5%
1.8%
两年增速更快
RGEN
近两年复合增速
-8.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $210.1M | $194.3M |
| 净利润 | $3.7M | $8.3M |
| 毛利率 | — | 55.7% |
| 营业利润率 | 2.2% | 8.2% |
| 净利率 | 1.8% | 4.3% |
| 营收同比 | -8.8% | 14.8% |
| 净利润同比 | -34.4% | 42.9% |
| 每股收益（稀释后） | $0.04 | $0.15 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MRTNRGEN
| 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 |
净利润MRTNRGEN
| 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 |
毛利率MRTNRGEN
| 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% |
营业利润率MRTNRGEN
| 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% |
净利率MRTNRGEN
| 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% |
每股收益（稀释后）MRTNRGEN
| 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 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $43.3M | $582.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $767.6M | — |
| 总资产 | $949.8M | $2.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MRTNRGEN
| 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 |
总债务MRTNRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MRTNRGEN
| 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 |
总资产MRTNRGEN
| 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 |
负债/权益比MRTNRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $5.6M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.51× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MRTNRGEN
| 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 |
自由现金流MRTNRGEN
| 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 |
自由现金流率MRTNRGEN
| 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% |
资本支出强度MRTNRGEN
| 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% |
现金转化率MRTNRGEN
| 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× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
RGEN
| Product | $194.2M | 100% |
| Royalty and other revenue | $44.0K | 0% |
