Saturday 17 October 2026 Export HTLD’s income statement to Excel — free account

Heartland Express, Inc.

Heartland Express, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $805.7 million, down 23.1% from fiscal 2024. In the quarter to June 2026, revenue fell 12.5%, EPS grew 200.0%, free cash flow grew 144.9% and total debt fell 30.5%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

10.95 0.18 −1.62%

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Market cap: $860.7M
P/E: 0.0×
Fwd P/E: −210×
Dividend yield: 0.73%
F-score: 5/9
Altman Z: 2.62
Beneish M: −3.24
Dividend safety: 57/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.03

Total sells 0.49

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	—	—	—	—	—	—	—	1	—	—	—	—

Insider Ownership 39.72%

Capital & Financial Ratios $m

Market Cap 860.71

Revenue 736.28

Net Income (21.96)

Free Cash Flow 108.91

Net Debt 72.51

Current Ratio 1.58

Debt/Equity 0.18

P/E ratio 0.00

Fwd P/E (210.00)

P/S ratio 1.15

P/B ratio 1.12

Past 5Y EPS Growth —

This Y EPS Growth 121.90%

Next Y EPS Growth 244.58%

Next Y revenue growth (8.04%)

Next 5Y EPS Growth 43.20%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 28.23%

10-year low 10-year high

P/B against its own 10 years 15.48%

10-year low 10-year high

EV/Sales against its own 10 years 24.99%

10-year low 10-year high

EV/FCF against its own 10 years 12.86%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.08

Annual Dividend Yield 0.73%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.08	0.02 0.02 0.02
2025	0.08	0.02 0.02 0.02 0.02
2024	0.08	0.02 0.02 0.02 0.02
2023	0.08	0.02 0.02 0.02 0.02
2022	0.08	0.02 0.02 0.02 0.02
2021	0.08	0.02 0.02 0.02 0.02
2020	0.08	0.02 0.02 0.02 0.02
2019	0.08	0.02 0.02 0.02 0.02
2018	0.08	0.02 0.02 0.02 0.02
2017	0.08	0.02 0.02 0.02 0.02
2016	0.08	0.02 0.02 0.02 0.02

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	28	13	18	62
Receivables	113	94	75	77
Inventory	—	—	—	—
Other	18	13	9	36
	169	129	115	186

	2023	2024	2025	Q'26
Payables	38	35	33	34
ST’ Debt	—	—	—	—
Other	28	27	25	25
	123	120	110	117

Compound Annual Growth %

	10y	5y	3y
Sales	0.90%	4.54%	(5.93%)
Cash Flow	(7.29%)	(12.97%)	(22.88%)
Earnings	0.00%	0.00%	0.00%
Book Value	4.86%	0.84%	(4.07%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	176	184	—	—	—
’25	219	210	197	179	806
’24	270	275	260	243	1,048
’23	331	306	295	275	1,207
’22	151	188	274	355	968
’21	152	154	153	148	607
’20	166	161	162	156	645

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	23	13	—	—	—
’25	26	21	28	15	89
’24	31	40	36	38	144
’23	66	31	27	41	165
’22	38	21	54	82	195
’21	35	27	33	28	123
’20	40	44	49	46	179

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	38	37	—	—	—
’25	14	15	21	13	63
’24	33	35	40	(10)	98
’23	53	10	(21)	52	94
’22	29	109	29	40	207
’21	51	20	30	20	121
’20	0	19	1	47	68

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.06)	0.14	—	—	—
’25	(0.18)	(0.14)	(0.11)	(0.25)	(0.67)
’24	(0.19)	(0.04)	(0.12)	(0.02)	(0.38)
’23	0.16	0.10	(0.14)	0.06	0.19
’22	0.21	0.97	0.31	0.20	1.69
’21	0.17	0.26	0.31	0.26	1.00
’20	0.16	0.24	0.25	0.22	0.87

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	15.36	18.71	17.00	17.29	15.65	15.71	12.78	11.44	9.63	7.00	Analyst estimates 2026–2028 Powerpack
	High	22.69	25.22	23.89	22.71	22.75	20.24	17.32	18.17	14.30	12.19
People
People	Employees	3,600	3,800	3,450	4,050	3,780	3,180	6,500	6,320	5,700	4,560
	Revenue/emp, $m	0.17	0.16	0.18	0.15	0.17	0.19	0.15	0.19	0.18	0.18
Income, $m
Income, $m	Revenue	613	607	611	597	645	607	968	1,207	1,048	806
	Gross margin, %	39.13	34.00	37.09	37.25	39.89	38.26	34.48	28.52	27.85	28.14
	EBT	86	64	92	97	94	106	181	20	(37)	(68)
	EBT margin, %	14.04	10.62	15.05	16.28	14.61	17.46	18.71	1.64	(3.50)	(8.46)
	Net income	56	75	73	73	71	79	134	15	(30)	(52)
	Depreciation	106	104	101	101	110	104	133	200	183	159
Per share, $
Per share, $	Revenue	7.36	7.29	7.41	7.28	7.93	7.63	12.26	15.28	13.30	10.35
	Earnings	0.68	0.90	0.88	0.89	0.87	1.00	1.69	0.19	(0.38)	(0.67)
	Cash flow	1.87	1.32	1.78	1.79	2.20	1.55	2.47	2.09	1.83	1.15
	Capex	(0.35)	(0.44)	(0.47)	(0.86)	(1.37)	(0.03)	0.15	(0.90)	(0.59)	(0.34)
	Free cash flow	1.52	0.88	1.31	0.92	0.83	1.52	2.62	1.19	1.24	0.81
	Book value	6.07	6.90	7.48	8.35	8.90	9.14	10.84	10.95	10.45	9.70
	Shares, m	83	83	82	82	81	80	79	79	79	78
Valuation, ×
Valuation, ×	P/E	30.16	25.98	20.80	23.65	20.80	16.82	9.22	77.39	0.00	0.00
	P/S	2.79	3.24	2.47	2.89	2.28	2.20	1.27	0.91	0.84	0.87
	P/B	3.38	3.43	2.45	2.52	2.03	1.84	1.44	1.27	1.07	0.93
	EV/Sales	2.62	3.16	2.24	2.85	2.19	2.03	1.65	1.14	1.02	1.05
	EV/FCF	12.64	26.28	12.69	22.54	20.88	10.20	7.71	14.60	10.95	13.39
Cash, $m
Cash, $m	Operating cash flow	156	110	147	146	179	123	195	165	144	89
	Capex	(29)	(37)	(39)	(71)	(111)	(2)	12	(71)	(47)	(26)
	Free cash flow	127	73	108	76	68	121	207	94	98	63
Balance, $m
Balance, $m	Working capital	137	96	168	88	122	162	73	46	10	4
	Total debt	—	—	—	—	—	—	399	291	192	154
	Net debt	(129)	(75)	(161)	(77)	(114)	(158)	350	263	179	136
	Shareholders’ equity	506	575	616	685	724	727	855	865	823	755
Returns, %
Returns, %	ROA	7.65	9.84	9.11	8.56	7.65	8.43	10.28	0.93	(2.09)	(4.15)
	ROIC	14.17	7.95	12.35	9.69	9.56	11.57	9.77	2.35	(1.26)	(4.03)
	ROE	11.56	13.91	12.21	11.22	10.05	10.92	16.88	1.72	(3.52)	(6.65)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SNDR Schneider National, Inc.	$5.5B	49.2×	41.6×	+10.43% (above 0%: growing)	+33.33% (above 0%: growing)	−33.07% (below 0%: shrinking)	53.68%	4.55%	Compare
RXO RXO INC	$4.8B	— (loss-making)	— (loss-making)	+25.02% (above 0%: growing)	n/m	−620.00% (below 0%: shrinking)	14.04%	0.06%	Compare
ARCB ArcBest Corporation	$3.0B	186×	33.5×	+15.87% (above 0%: growing)	n/m	+45.84% (above 0%: growing)	(1.74%)	(1.74%)	Compare
WERN Werner Enterprises, Inc.	$2.0B	— (loss-making)	56.2×	+24.00% (above 0%: growing)	−84.72% (below 0%: shrinking)	+581.60% (above 0%: growing)	52.19%	1.81%	Compare
MRTN Marten Transport, Ltd.	$1.1B	75.5×	59.2×	−2.77% (below 0%: shrinking)	−22.22% (below 0%: shrinking)	+100,952.63% (above 0%: growing)	62.16%	3.09%	Compare
HTLD Heartland Express, Inc.	$860.7M	— (loss-making)	— (loss-making)	−12.48% (below 0%: shrinking)	n/m	+144.91% (above 0%: growing)	27.63%	8.99%
CVLG Covenant Logistics Group, Inc.	$781.9M	205×	22.4×	+9.91% (above 0%: growing)	−10.53% (below 0%: shrinking)	−406.90% (below 0%: shrinking)	58.97%	2.66%	Compare
ULH Universal Logistics Holdings, Inc.	$441.9M	— (loss-making)	31.3×	−3.67% (below 0%: shrinking)	+209.37% (above 0%: growing)	+220.86% (above 0%: growing)	37.71%	11.90%	Compare
PAMT PAMT Corp.	$250.3M	— (loss-making)	— (loss-making)	+8.94% (above 0%: growing)	n/m	−109.49% (below 0%: shrinking)	60.74%	(6.32%)	Compare
Median of peers	$1.5B	131×	37.6×	+10.17%	−10.53%	+6.38%	52.94%	2.24%

All 18 Trucking stocks →

Heartland Express, Inc. (HTLD) key facts

Concern: Heartland Express, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $805.7 million, down 23.1% from fiscal 2024.
Concern: Heartland Express, Inc. reported a net loss of $52.5 million, or a loss of $0.67 per share, for fiscal 2025.
Heartland Express, Inc. (HTLD) is a Trucking company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, HTLD traded at $10.95, a market capitalization of $860.7 million.
Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 1.2× sales.
Heartland Express, Inc. pays an annual dividend of $0.08 per share, a yield of 0.73%.
Return on equity was −6.65% and debt-to-equity 0.18.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.62 (grey zone) for fiscal 2025.