Saturday 17 October 2026
Export HTLD’s income statement to Excel — free account
Heartland Express, Inc.
HTLD Industrials Trucking
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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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
7 | 5 | 7 | 6 | 7 | 7 | 6 | 5 | 4 | 5 |
P/E ratio |
30.16 | 25.98 | 20.80 | 23.65 | 20.80 | 16.82 | 9.22 | 77.39 | 0.00 | 0.00 |
P/S ratio |
2.79 | 3.24 | 2.47 | 2.89 | 2.28 | 2.20 | 1.27 | 0.91 | 0.84 | 0.87 |
Altman Z-Score |
7.00 | 7.85 | 7.45 | 7.25 | 6.36 | 6.62 | 2.78 | 2.96 | 2.85 | 2.62 |
Altman Z″-Score (non-manufacturers) |
7.04 | 7.02 | 8.59 | 7.70 | 7.91 | 8.94 | 4.20 | 4.09 | 4.14 | 4.16 |
P/FCF ratio |
13.46 | 26.97 | 13.96 | 22.85 | 21.77 | 11.06 | 5.95 | 11.71 | 9.03 | 11.15 |
P/Operating CF |
48.01 | 60.92 | 39.78 | 46.65 | 32.12 | 48.28 | 14.98 | 26.97 | 23.38 | 47.06 |
Beneish M-Score |
(3.42) | (2.14) | (3.20) | (2.57) | (3.13) | (2.67) | (2.45) | (2.91) | (3.19) | (3.24) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 57 |
P/B ratio |
3.38 | 3.43 | 2.45 | 2.52 | 2.03 | 1.84 | 1.44 | 1.27 | 1.07 | 0.93 |
Price to Tangible BV |
4.34 | 4.63 | 3.21 | 3.53 | 2.77 | 2.49 | 2.85 | 2.48 | 2.17 | 1.94 |
EV/Sales |
2.62 | 3.16 | 2.24 | 2.85 | 2.19 | 2.03 | 1.65 | 1.14 | 1.02 | 1.05 |
EV/EBITDA |
8.36 | 11.46 | 7.17 | 8.72 | 6.93 | 5.89 | 4.95 | 5.66 | 6.60 | 8.28 |
EV/Operating CF |
10.30 | 17.51 | 9.35 | 11.63 | 7.90 | 10.00 | 8.19 | 8.30 | 7.42 | 9.46 |
EV/FCF |
12.64 | 26.28 | 12.69 | 22.54 | 20.88 | 10.20 | 7.71 | 14.60 | 10.95 | 13.39 |
Quick Ratio |
2.75 | 1.94 | 3.26 | 2.11 | 2.38 | 3.00 | 1.23 | 1.14 | 0.89 | 0.85 |
Current Ratio |
3.08 | 2.27 | 3.59 | 2.39 | 2.72 | 3.26 | 1.47 | 1.37 | 1.08 | 1.04 |
Net Debt/EBITDA |
(0.67) | (0.45) | (0.84) | (0.39) | (0.56) | (0.75) | 1.09 | 1.08 | 1.10 | 1.33 |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 23.90% | 19.26% | 14.37% | 12.93% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.47 | 0.34 | 0.23 | 0.20 |
Asset Turnover |
0.83 | 0.80 | 0.77 | 0.70 | 0.70 | 0.65 | 0.75 | 0.76 | 0.74 | 0.64 |
Operating CF/Net income |
2.76 | 1.46 | 2.02 | 2.01 | 2.53 | 1.56 | 1.46 | 11.19 | (4.86) | (1.70) |
Capex/Depreciation |
(0.27) | (0.35) | (0.38) | (0.70) | (1.01) | (0.02) | 0.09 | (0.36) | (0.25) | (0.16) |
Interest Coverage |
177.90 | 363.11 | — | 89.62 | — | — | 22.02 | 1.75 | (1.15) | (5.00) |
| 11.56% | 13.91% | 12.21% | 11.22% | 10.05% | 10.92% | 16.88% | 1.72% | (3.52%) | (6.65%) | |
| 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%) |
Return on Tangible Assets |
10.36% | 13.96% | 12.73% | 11.87% | 10.71% | 12.21% | 12.77% | 1.59% | (3.84%) | (7.81%) |
Average Days of Receivables |
30.72 | 42.48 | 29.36 | 34.91 | 31.44 | 34.20 | 53.90 | 34.13 | 32.63 | 34.12 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
6.53% | 5.84% | 5.50% | 5.27% | 5.76% | 5.67% | 5.25% | 5.56% | 6.80% | 9.33% |
Intangible Assets out of Total Assets |
0.15 | 0.19 | 0.18 | 0.22 | 0.20 | 0.21 | 0.25 | 0.28 | 0.31 | 0.33 |
Share Based Compensation of Revenue |
0.00% | 0.08% | 0.09% | 0.35% | 0.32% | 0.19% | 0.14% | 0.13% | 0.10% | 0.27% |
Graham Net Nets |
(0.02) | (0.02) | 0.03 | (0.04) | (0.02) | 0.02 | (0.47) | (0.43) | (0.43) | (0.46) |
Graham Number |
9.64 | 11.88 | 12.17 | 12.93 | 13.20 | 14.34 | 20.30 | 6.66 | 0.00 | 0.00 |
Earnings Yield |
3.32% | 3.85% | 4.81% | 4.23% | 4.81% | 5.95% | 10.84% | 1.29% | (3.30%) | (7.53%) |
Free Cash Flow Yield |
7.43% | 3.71% | 7.17% | 4.38% | 4.59% | 9.04% | 16.81% | 8.54% | 11.07% | 8.97% |
Revenue per Share |
7.36 | 7.29 | 7.41 | 7.28 | 7.93 | 7.63 | 12.26 | 15.28 | 13.30 | 10.35 |
Operating CF per Share |
1.87 | 1.32 | 1.78 | 1.79 | 2.20 | 1.55 | 2.47 | 2.09 | 1.83 | 1.15 |
Capex per Share |
(0.35) | (0.44) | (0.47) | (0.86) | (1.37) | (0.03) | 0.15 | (0.90) | (0.59) | (0.34) |
Free Cash Flow per Share |
1.52 | 0.88 | 1.31 | 0.92 | 0.83 | 1.52 | 2.62 | 1.19 | 1.24 | 0.81 |
Cash per Share |
1.54 | 0.90 | 1.96 | 0.94 | 1.40 | 1.98 | 0.63 | 0.36 | 0.16 | 0.24 |
Shareholders Equity per Share |
6.07 | 6.90 | 7.48 | 8.35 | 8.90 | 9.14 | 10.84 | 10.95 | 10.45 | 9.70 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.07 | 6.90 | 7.48 | 8.35 | 8.90 | 9.14 | 10.84 | 10.95 | 10.45 | 9.70 |
Free Cash Flow |
126.97 | 73.00 | 108.02 | 75.53 | 67.67 | 120.96 | 206.90 | 93.99 | 97.81 | 63.06 |
Working Capital |
136.58 | 95.51 | 167.81 | 88.41 | 121.97 | 161.63 | 73.03 | 45.80 | 9.89 | 4.44 |
Capital Expenditures |
(28.81) | (36.54) | (38.52) | (70.84) | (111.18) | (2.46) | 12.18 | (71.28) | (46.54) | (26.25) |
Net Current Asset Value |
(30.29) | (43.65) | 42.26 | (62.46) | (33.83) | 31.78 | (584.23) | (475.11) | (382.14) | (321.70) |
EV/EBIT |
18.75 | 30.19 | 15.27 | 18.06 | 15.12 | 11.71 | 8.46 | 32.38 | 0.00 | 0.00 |
Capex to Sales |
0.05 | 0.06 | 0.06 | 0.12 | 0.17 | 0.00 | (0.01) | 0.06 | 0.04 | 0.03 |
Price to Operating Income |
19.97 | 30.99 | 16.79 | 18.30 | 15.77 | 12.70 | 6.53 | 25.97 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.26 | 0.23 | 0.25 | 0.19 | 0.20 | 0.21 | 0.14 | 0.23 | 0.24 | 0.24 |
Cash ROIC |
20.02% | 11.23% | 13.89% | 9.92% | 8.07% | 13.67% | 15.87% | 7.94% | 9.52% | 6.80% |
Accounts Receivable Turnover |
10.20 | 9.93 | 10.20 | 11.24 | 11.46 | 10.80 | 9.69 | 9.44 | 10.14 | 9.54 |
Accounts Payable Turnover |
37.55 | 30.00 | 30.84 | 34.65 | 32.58 | 22.53 | 15.24 | 17.18 | 20.67 | 16.82 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
12.09 | 13.08 | 10.02 | 10.78 | 12.00 | 19.99 | 36.09 | 15.98 | 17.08 | 21.11 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
60.12 | 61.13 | 59.91 | 53.10 | 56.33 | 56.24 | 99.93 | 127.93 | 103.28 | 84.49 |
Average Payables |
9.94 | 13.36 | 12.46 | 10.81 | 11.91 | 16.64 | 41.63 | 50.24 | 36.57 | 34.42 |
Average Assets |
737.13 | 763.68 | 797.67 | 852.57 | 925.05 | 939.86 | 1,299.02 | 1,589.57 | 1,421.92 | 1,262.90 |
Average Common Equity |
487.88 | 540.24 | 595.31 | 650.32 | 704.50 | 725.72 | 791.29 | 860.37 | 843.93 | 788.96 |
Columns are period end dates