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MARTEN TRANSPORT LTD（MRTN）与WERNER ENTERPRISES INC（WERN）财务数据对比。点击上方公司名可切换其他公司
WERNER ENTERPRISES INC的季度营收约是MARTEN TRANSPORT LTD的3.4倍（$719.9M vs $210.1M）。MARTEN TRANSPORT LTD净利率更高（1.8% vs -3.9%，领先5.6%）。WERNER ENTERPRISES INC同比增速更快（-2.3% vs -8.8%）。过去两年WERNER ENTERPRISES INC的营收复合增速更高（-2.0% 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。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
MRTN vs WERN — 直观对比
营收规模更大
WERN
是对方的3.4倍
$210.1M
营收增速更快
WERN
高出6.5%
-8.8%
净利率更高
MRTN
高出5.6%
-3.9%
两年增速更快
WERN
近两年复合增速
-8.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $210.1M | $719.9M |
| 净利润 | $3.7M | $-27.8M |
| 毛利率 | — | — |
| 营业利润率 | 2.2% | -5.0% |
| 净利率 | 1.8% | -3.9% |
| 营收同比 | -8.8% | -2.3% |
| 净利润同比 | -34.4% | -333.7% |
| 每股收益（稀释后） | $0.04 | $-0.46 |
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MRTNWERN
| Q4 25 | $210.1M | $719.9M | ||
| Q3 25 | $220.5M | $752.2M | ||
| Q2 25 | $229.9M | $734.1M | ||
| Q1 25 | $223.2M | $693.4M | ||
| Q4 24 | $230.4M | $736.6M | ||
| Q3 24 | $237.4M | $726.3M | ||
| Q2 24 | $246.2M | $742.7M | ||
| Q1 24 | $249.7M | $749.5M |
净利润MRTNWERN
| Q4 25 | $3.7M | $-27.8M | ||
| Q3 25 | $2.2M | $-20.6M | ||
| Q2 25 | $7.2M | $44.1M | ||
| Q1 25 | $4.3M | $-10.1M | ||
| Q4 24 | $5.6M | $11.9M | ||
| Q3 24 | $3.8M | $6.6M | ||
| Q2 24 | $7.9M | $9.5M | ||
| Q1 24 | $9.6M | $6.3M |
营业利润率MRTNWERN
| Q4 25 | 2.2% | -5.0% | ||
| Q3 25 | 1.2% | -1.7% | ||
| Q2 25 | 4.2% | 9.0% | ||
| Q1 25 | 2.6% | -0.8% | ||
| Q4 24 | 2.9% | 1.8% | ||
| Q3 24 | 1.8% | 2.4% | ||
| Q2 24 | 4.1% | 2.6% | ||
| Q1 24 | 4.9% | 2.1% |
净利率MRTNWERN
| Q4 25 | 1.8% | -3.9% | ||
| Q3 25 | 1.0% | -2.7% | ||
| Q2 25 | 3.1% | 6.0% | ||
| Q1 25 | 1.9% | -1.5% | ||
| Q4 24 | 2.4% | 1.6% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 3.2% | 1.3% | ||
| Q1 24 | 3.9% | 0.8% |
每股收益（稀释后）MRTNWERN
| Q4 25 | $0.04 | $-0.46 | ||
| Q3 25 | $0.03 | $-0.34 | ||
| Q2 25 | $0.09 | $0.72 | ||
| Q1 25 | $0.05 | $-0.16 | ||
| Q4 24 | $0.06 | $0.19 | ||
| Q3 24 | $0.05 | $0.11 | ||
| Q2 24 | $0.10 | $0.15 | ||
| Q1 24 | $0.12 | $0.10 |
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 | $59.9M |
| 总债务越低越好 | — | $752.0M |
| 股东权益账面价值 | $767.6M | $1.4B |
| 总资产 | $949.8M | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资MRTNWERN
| Q4 25 | $43.3M | $59.9M | ||
| Q3 25 | $49.5M | $51.0M | ||
| Q2 25 | $35.1M | $51.4M | ||
| Q1 25 | $39.9M | $52.0M | ||
| Q4 24 | $17.3M | $40.8M | ||
| Q3 24 | $43.0M | $54.7M | ||
| Q2 24 | $77.2M | $70.4M | ||
| Q1 24 | $73.7M | $60.3M |
总债务MRTNWERN
| Q4 25 | — | $752.0M | ||
| Q3 25 | — | $725.0M | ||
| Q2 25 | — | $725.0M | ||
| Q1 25 | — | $640.0M | ||
| Q4 24 | — | $650.0M | ||
| Q3 24 | — | $690.0M | ||
| Q2 24 | — | $670.0M | ||
| Q1 24 | — | $597.5M |
股东权益MRTNWERN
| Q4 25 | $767.6M | $1.4B | ||
| Q3 25 | $768.2M | $1.4B | ||
| Q2 25 | $770.7M | $1.4B | ||
| Q1 25 | $767.5M | $1.4B | ||
| Q4 24 | $767.9M | $1.5B | ||
| Q3 24 | $766.5M | $1.4B | ||
| Q2 24 | $766.8M | $1.5B | ||
| Q1 24 | $762.4M | $1.5B |
总资产MRTNWERN
| Q4 25 | $949.8M | $2.9B | ||
| Q3 25 | $975.7M | $3.0B | ||
| Q2 25 | $991.8M | $2.9B | ||
| Q1 25 | $983.3M | $3.0B | ||
| Q4 24 | $968.8M | $3.1B | ||
| Q3 24 | $1.0B | $3.1B | ||
| Q2 24 | $1.0B | $3.1B | ||
| Q1 24 | $993.0M | $3.1B |
负债/权益比MRTNWERN
| Q4 25 | — | 0.55× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.39× |
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 | $62.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-23.5M |
| 自由现金流率自由现金流/营收 | — | -3.3% |
| 资本支出强度资本支出/营收 | — | 11.9% |
| 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 | — | $-68.5M |
8季度趋势，按日历期对齐
经营现金流MRTNWERN
| Q4 25 | $5.6M | $62.3M | ||
| Q3 25 | $18.5M | $44.1M | ||
| Q2 25 | $33.2M | $46.0M | ||
| Q1 25 | $36.2M | $29.4M | ||
| Q4 24 | $23.8M | $71.0M | ||
| Q3 24 | $29.5M | $61.0M | ||
| Q2 24 | $35.8M | $109.1M | ||
| Q1 24 | $45.7M | $88.6M |
自由现金流MRTNWERN
| Q4 25 | — | $-23.5M | ||
| Q3 25 | — | $-8.6M | ||
| Q2 25 | — | $-42.3M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | — | $-9.8M | ||
| Q3 24 | — | $-73.4M | ||
| Q2 24 | — | $-31.2M | ||
| Q1 24 | — | $30.4M |
自由现金流率MRTNWERN
| Q4 25 | — | -3.3% | ||
| Q3 25 | — | -1.1% | ||
| Q2 25 | — | -5.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | -1.3% | ||
| Q3 24 | — | -10.1% | ||
| Q2 24 | — | -4.2% | ||
| Q1 24 | — | 4.0% |
资本支出强度MRTNWERN
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 12.0% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 18.9% | ||
| Q1 24 | — | 7.8% |
现金转化率MRTNWERN
| Q4 25 | 1.51× | — | ||
| Q3 25 | 8.33× | — | ||
| Q2 25 | 4.61× | 1.04× | ||
| Q1 25 | 8.35× | — | ||
| Q4 24 | 4.22× | 5.97× | ||
| Q3 24 | 7.85× | 9.30× | ||
| Q2 24 | 4.54× | 11.52× | ||
| Q1 24 | 4.74× | 14.03× |
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% |
WERN
| Truckload Transportation Services Segment | $512.6M | 71% |
| Werner Logistics | $207.5M | 29% |
| CA | $3.1M | 0% |
