Heartland Express, Inc. HTLD R2K

Industrials · Trucking · United States

https://www.heartlandexpress.com

Heartland Express, Inc., together with its subsidiaries, provides short, medium, and long-haul truckload carrier and transportation services in the United States, Mexico, and Canada. It primarily provides nationwide asset-based dry van truckload services for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services. The company offers its services under the Heartland Express, Millis Transfer, Smith Transport, and CFI brand names. It primarily serves retailers, manufacturers, and parcel carriers in the consumer goods, appliances, food products, and automotive industries. The company was founded in 1978 and is headquartered in North Liberty, Iowa.

Market & Price

Market Cap

$1.16B

Current Price

$14.99

High / Low (52W)

$15.06 / $7.05

Beta

1.28

Valuation

Stock P/E

Industry PE

28.38

Forward P/E

29.47

PEG Ratio

1.68

Book Value

$9.67

Price to Book

1.55

P/S

1.52

EV/EBITDA

13.11

Dividend Yield

0.53%

Profitability & Returns

ROCE

-5.24%

ROE

-5.58%

ROA

-2.76%

Profit Margin

-5.69%

Op Margin

-6.02%

EPS (Latest Qtr)

$-0.06

EPS (TTM)

$-0.55

Balance Sheet & Liquidity

Debt/Equity

0.20

Quick Ratio

1.11

Current Ratio

1.27

Debt

$153.16M

Total Assets

$1.19B

Current Assets

$114.60M

Working Capital

$4.44M

Ownership

Promoter Holding

51.28%

Chg in Prom Hold

FII / Inst Holding

49.93%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$1.27B

Total Revenue (TTM)

$762.55M

EBITDA

$96.93M

Free Cash Flow

$-49.09M

Operating Cash Flow

$86.62M

Shares Outstanding

77.49M

Gross Margin

28.10%

Payout Ratio

42.11%

Growth (CAGR)

Revenue 5Y

-5.93%

Profit 5Y

-46.42%

Revenue (YoY)

-19.70%

Earnings (YoY)

PROS

In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -5.9% CAGR over 5 years.
Earnings shrank at -46.4% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	HTLD Heartland Express, Inc. R2K	14.99	-	$1.16B	0.53%	-5.24%	-5.58%	-5.93%	-46.42%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	191.68M	182.53M	174.60M	162.79M	160.79M	149.32M	140.04M	129.90M	129.62M	182.11M	165.70M	156.69M	155.83M	151.28M	147.00M	139.54M	142.14M	147.91M	167.23M	166.32M	160.87M	162.28M	155.79M	152.40M	154.13M	152.61M	151.28M	187.82M	273.98M	330.92M	306.17M	295.03M	270.32M	274.75M	259.86M	219.42M	210.39M	196.55M	179.35M	176.26M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	204.34M	193.11M	177.75M	162.97M	159.32M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.08M	17.27M	18.80M	16.39M	16.94M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31.77M	32.48M	32.74M	32.43M	27.55M
Operating Income	35.74M	24.86M	27.72M	20.25M	24.51M	19.91M	20.90M	19.36M	21.31M	13.00M	9.87M	12.95M	22.15M	25.13M	29.56M	20.84M	29.03M	26.74M	17.66M	17.33M	24.99M	27.34M	23.77M	18.28M	27.35M	33.27M	22.39M	105.06M	34.74M	22.89M	16.23M	-7.44M	-14.38M	264.00K	-7.14M	-16.68M	-15.20M	-13.94M	-16.04M	-10.61M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26.86M	29.24M	31.73M	14.73M	32.07M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.10M	2.96M	2.91M	2.52M	2.21M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17.87M	-15.18M	-9.93M	-25.15M	-5.30M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.00M	-4.33M	-1.64M	-5.70M	-477.00K
Net Income	23.32M	15.11M	17.02M	14.38M	16.37M	12.53M	13.11M	14.04M	14.62M	7.92M	38.60M	13.38M	17.80M	19.06M	22.44M	17.32M	22.36M	20.50M	12.79M	13.24M	19.18M	20.71M	17.67M	13.73M	20.74M	24.47M	16.77M	76.91M	24.41M	12.61M	7.77M	-10.70M	-15.11M	-3.48M	-9.28M	-13.87M	-10.86M	-8.28M	-19.44M	-4.82M
Diluted EPS	0.27	0.17	0.20	0.17	0.20	0.15	0.16	0.17	0.18	0.09	0.45	0.16	0.22	0.23	0.27	0.21	0.27	0.25	-	0.16	0.24	0.25	-	0.17	0.26	0.31	0.21	0.97	0.31	0.16	0.10	-0.14	-0.19	-0.04	-0.12	-0.18	-0.14	-0.11	-0.25	-0.06

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	625.60M	459.54M	499.52M	528.62M	545.75M	582.26M	871.36M	736.35M	612.94M	607.34M	610.80M	596.82M	645.26M	607.28M	968.00M	1.21B	1.05B	805.71M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	767.31M	1.06B	937.35M	738.16M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200.69M	145.28M	110.16M	67.54M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109.24M	143.98M	137.90M	129.41M
Operating Income	97.95M	78.96M	91.45M	106.56M	94.90M	112.30M	131.87M	116.58M	85.57M	63.54M	89.79M	94.28M	93.42M	105.41M	91.45M	1.30M	-27.74M	-61.87M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	322.69M	243.08M	162.43M	102.56M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.55M	24.19M	17.58M	11.49M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	181.09M	19.85M	-36.67M	-68.13M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47.51M	5.08M	-6.95M	-15.68M
Net Income	69.97M	56.95M	62.22M	69.93M	61.54M	70.58M	84.83M	73.06M	56.39M	75.17M	72.68M	72.97M	70.81M	79.28M	133.58M	14.78M	-29.72M	-52.45M
Diluted EPS	-	0.62	0.69	0.78	0.71	0.83	0.96	0.84	0.68	0.90	0.88	0.89	0.87	1.00	1.69	0.19	-0.38	-0.67

Compounded Sales Growth

5 Years:	-5.93%
1 Year:	-19.70%

Compounded Profit Growth

5 Years:	-46.42%
1 Year:	-

Stock Price Performance

1 Year:	+68.98%
6 Months:	+93.23%
3 Months:	+36.18%
1 Month:	+13.13%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Jul 2017	Dec 2017	Dec 2018	Aug 2019	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	551.16M	506.04M	525.67M	467.74M	724.84M	759.99M	736.03M	738.23M	157.08M	789.13M	806.21M	-	898.93M	951.18M	-	1.67B	1.51B	1.33B	1.19B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	229.78M	169.27M	129.45M	114.60M
Cash & Equivalents	7.96M	56.65M	52.35M	121.12M	139.77M	119.84M	17.76M	17.30M	33.23M	128.51M	-	75.38M	161.45M	-	76.68M	113.85M	-	49.46M	28.12M	12.81M	18.48M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	139.82M	102.74M	91.62M	74.17M
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	814.01M	644.39M	511.59M	436.30M
Current Liabilities	-	-	47.05M	48.90M	45.66M	45.35M	88.57M	68.29M	66.17M	65.53M	-	75.32M	64.69M	-	63.41M	71.04M	-	156.76M	123.48M	119.56M	110.16M
Long Term Debt	-	-	-	-	-	0	75.00M	24.60M	0	-	-	-	-	70.19M	-	-	-	399.06M	290.70M	191.71M	154.06M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	433.96M	317.44M	208.61M	161.42M
Total Equity	-	360.04M	367.67M	334.19M	340.77M	290.36M	397.65M	476.59M	469.93M	505.83M	-	574.64M	615.97M	-	684.66M	724.33M	-	855.48M	865.26M	822.60M	755.32M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90.69M	90.69M	90.69M	90.69M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	121.81M	101.10M	98.61M	99.08M	102.17M	111.23M	172.45M	190.47M	155.78M	109.54M	146.54M	146.37M	178.85M	-	194.71M	165.27M	144.35M	89.31M
Investing Cash Flow	-27.12M	-52.77M	68.11M	-16.93M	-5.98M	-133.51M	-115.48M	-67.21M	-28.81M	-123.50M	-37.81M	-132.79M	-111.05M	-	-663.26M	-67.87M	-46.54M	-26.00M
Financing Cash Flow	-46.00M	-52.63M	-97.94M	-63.50M	-116.12M	-79.80M	-57.43M	-107.33M	-21.34M	-30.17M	-31.89M	-100.44M	-32.74M	-	359.26M	-120.69M	-112.71M	-58.15M
Capital Expenditure	-35.95M	-79.12M	-14.55M	-126.26M	-66.81M	-135.19M	-204.97M	-217.25M	-86.09M	-184.11M	-169.28M	-163.78M	-204.34M	-	-160.57M	-208.60M	-109.54M	-156.17M
Free Cash Flow	85.86M	21.98M	84.06M	-27.18M	35.36M	-23.96M	-32.52M	-26.78M	69.69M	-74.58M	-22.73M	-17.41M	-25.49M	-	34.15M	-43.33M	34.81M	-66.85M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-109.29M	-23.29M	-14.90M	5.16M
Share Buybacks	36.40M	45.36M	0	56.35M	24.19M	0	0	74.02M	14.68M	0	25.09M	0	25.65M	32.02M	0	0	7.28M	10.39M
Dividends Paid	-	7.30M	7.30M	7.10M	6.90M	6.90M	7.00M	6.90M	6.70M	6.70M	6.60M	6.60M	6.50M	45.90M	6.30M	6.30M	6.30M	6.20M

Ratios (Annual)

Figures in %.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20.7%	12.0%	10.5%	8.4%
Operating Margin %	15.7%	17.2%	18.3%	20.2%	17.4%	19.3%	15.1%	15.8%	14.0%	10.5%	14.7%	15.8%	14.5%	17.4%	9.4%	0.1%	-2.6%	-7.7%
Net Margin %	11.2%	12.4%	12.5%	13.2%	11.3%	12.1%	9.7%	9.9%	9.2%	12.4%	11.9%	12.2%	11.0%	13.1%	13.8%	1.2%	-2.8%	-6.5%
ROE %	19.4%	15.5%	18.6%	20.5%	21.2%	17.7%	17.8%	15.5%	11.1%	13.1%	11.8%	10.7%	9.8%	-	15.6%	1.7%	-3.6%	-6.9%
ROCE %	-	15.7%	20.0%	22.2%	22.5%	17.6%	19.1%	17.4%	12.7%	8.9%	12.1%	11.3%	10.6%	-	6.0%	0.1%	-2.3%	-5.7%

Shareholding Pattern

Insiders

51.28%

Institutions

49.93%

Public Float

102.48%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	8.76%	6.79M	$101.80M
2	Dimensional Fund Advisors LP	5.00%	3.87M	$58.07M
3	Vanguard Capital Management LLC	2.89%	2.24M	$33.61M
4	State Street Corporation	2.67%	2.07M	$30.97M
5	American Century Companies Inc	2.36%	1.83M	$27.44M
6	Gate City Capital Management, LLC	2.04%	1.58M	$23.66M
7	Two Sigma Investments, LP	1.86%	1.44M	$21.59M
8	Geode Capital Management, LLC	1.53%	1.18M	$17.75M
9	Charles Schwab Investment Management, Inc.	1.41%	1.09M	$16.33M
10	Ameriprise Financial, Inc.	1.27%	983.49K	$14.74M

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