Friday 6 November 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.

Revenue: −12.5%
EPS: +200.0%
Free cash flow: +144.9%
Total debt: −30.5%

Quarter to June 2026, against a year earlier

10.14 0.01 −0.10%

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Market cap: $784.9M
P/E: 0.0×
Fwd P/E: 88.0×
Dividend yield: 0.79%
F-score: 5/9
Altman Z: 2.62
Beneish M: −3.24
Dividend safety: 57/100

Overview

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	7	5	7	6	7	7	6	5	4	5
P/E ratio Full definition →	30.16	25.98	20.80	23.65	20.80	16.82	9.22	77.39	0.00	0.00
P/S ratio Full definition →	2.79	3.24	2.47	2.89	2.28	2.20	1.27	0.91	0.84	0.87
Altman Z-Score Full definition →	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) Full definition →	7.04	7.02	8.59	7.70	7.91	8.94	4.20	4.09	4.14	4.16
P/FCF ratio Full definition →	13.46	26.97	13.96	22.85	21.77	11.06	5.95	11.71	9.03	11.15
P/Operating CF Full definition →	48.01	60.92	39.78	46.65	32.12	48.28	14.98	26.97	23.38	47.06
Beneish M-Score Full definition →	(3.42)	(2.14)	(3.20)	(2.57)	(3.13)	(2.67)	(2.45)	(2.91)	(3.19)	(3.24)
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	57
P/B ratio Full definition →	3.38	3.43	2.45	2.52	2.03	1.84	1.44	1.27	1.07	0.93
Price to Tangible BV Full definition →	4.34	4.63	3.21	3.53	2.77	2.49	2.85	2.48	2.17	1.94
EV/Sales Full definition →	2.62	3.16	2.24	2.85	2.19	2.03	1.65	1.14	1.02	1.05
EV/EBITDA Full definition →	8.36	11.46	7.17	8.72	6.93	5.89	4.95	5.66	6.60	8.28
EV/Operating CF Full definition →	10.30	17.51	9.35	11.63	7.90	10.00	8.19	8.30	7.42	9.46
EV/FCF Full definition →	12.64	26.28	12.69	22.54	20.88	10.20	7.71	14.60	10.95	13.39
Quick Ratio Full definition →	2.75	1.94	3.26	2.11	2.38	3.00	1.23	1.14	0.89	0.85
Current Ratio Full definition →	3.08	2.27	3.59	2.39	2.72	3.26	1.47	1.37	1.08	1.04
Net Debt/EBITDA Full definition →	(0.67)	(0.45)	(0.84)	(0.39)	(0.56)	(0.75)	1.09	1.08	1.10	1.33
Debt/Assets Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	23.90%	19.26%	14.37%	12.93%
Debt/Equity Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.47	0.34	0.23	0.20
Asset Turnover Full definition →	0.83	0.80	0.77	0.70	0.70	0.65	0.75	0.76	0.74	0.64
Operating CF/Net income Full definition →	2.76	1.46	2.02	2.01	2.53	1.56	1.46	11.19	(4.86)	(1.70)
Capex/Depreciation Full definition →	(0.27)	(0.35)	(0.38)	(0.70)	(1.01)	(0.02)	0.09	(0.36)	(0.25)	(0.16)
Interest Coverage Full definition →	177.90	363.11	—	89.62	—	—	22.02	1.75	(1.15)	(5.00)
ROE Full definition →	11.56%	13.91%	12.21%	11.22%	10.05%	10.92%	16.88%	1.72%	(3.52%)	(6.65%)
ROA Full definition →	7.65%	9.84%	9.11%	8.56%	7.65%	8.43%	10.28%	0.93%	(2.09%)	(4.15%)
ROIC Full definition →	14.17%	7.95%	12.35%	9.69%	9.56%	11.57%	9.77%	2.35%	(1.26%)	(4.03%)
Return on Tangible Assets Full definition →	10.36%	13.96%	12.73%	11.87%	10.71%	12.21%	12.77%	1.59%	(3.84%)	(7.81%)
Average Days of Receivables Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	0.00%	0.08%	0.09%	0.35%	0.32%	0.19%	0.14%	0.13%	0.10%	0.27%
Graham Net Nets Full definition →	(0.02)	(0.02)	0.03	(0.04)	(0.02)	0.02	(0.47)	(0.43)	(0.43)	(0.46)
Graham Number Full definition →	9.64	11.88	12.17	12.93	13.20	14.34	20.30	6.66	0.00	0.00
Earnings Yield Full definition →	3.32%	3.85%	4.81%	4.23%	4.81%	5.95%	10.84%	1.29%	(3.30%)	(7.53%)
Free Cash Flow Yield Full definition →	7.43%	3.71%	7.17%	4.38%	4.59%	9.04%	16.81%	8.54%	11.07%	8.97%
Revenue per Share Full definition →	7.36	7.29	7.41	7.28	7.93	7.63	12.26	15.28	13.30	10.35
Operating CF per Share Full definition →	1.87	1.32	1.78	1.79	2.20	1.55	2.47	2.09	1.83	1.15
Capex per Share Full definition →	(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 Full definition →	1.52	0.88	1.31	0.92	0.83	1.52	2.62	1.19	1.24	0.81
Cash per Share Full definition →	1.54	0.90	1.96	0.94	1.40	1.98	0.63	0.36	0.16	0.24
Shareholders Equity per Share Full definition →	6.07	6.90	7.48	8.35	8.90	9.14	10.84	10.95	10.45	9.70
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	6.07	6.90	7.48	8.35	8.90	9.14	10.84	10.95	10.45	9.70
Free Cash Flow Full definition →	126.97	73.00	108.02	75.53	67.67	120.96	206.90	93.99	97.81	63.06
Working Capital Full definition →	136.58	95.51	167.81	88.41	121.97	161.63	73.03	45.80	9.89	4.44
Capital Expenditures Full definition →	(28.81)	(36.54)	(38.52)	(70.84)	(111.18)	(2.46)	12.18	(71.28)	(46.54)	(26.25)
Net Current Asset Value Full definition →	(30.29)	(43.65)	42.26	(62.46)	(33.83)	31.78	(584.23)	(475.11)	(382.14)	(321.70)
EV/EBIT Full definition →	18.75	30.19	15.27	18.06	15.12	11.71	8.46	32.38	0.00	0.00
Capex to Sales Full definition →	0.05	0.06	0.06	0.12	0.17	0.00	(0.01)	0.06	0.04	0.03
Price to Operating Income Full definition →	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 Full definition →	0.26	0.23	0.25	0.19	0.20	0.21	0.14	0.23	0.24	0.24
Cash ROIC Full definition →	20.02%	11.23%	13.89%	9.92%	8.07%	13.67%	15.87%	7.94%	9.52%	6.80%
Accounts Receivable Turnover Full definition →	10.20	9.93	10.20	11.24	11.46	10.80	9.69	9.44	10.14	9.54
Accounts Payable Turnover Full definition →	37.55	30.00	30.84	34.65	32.58	22.53	15.24	17.18	20.67	16.82
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	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 Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	60.12	61.13	59.91	53.10	56.33	56.24	99.93	127.93	103.28	84.49
Average Payables Full definition →	9.94	13.36	12.46	10.81	11.91	16.64	41.63	50.24	36.57	34.42
Average Assets Full definition →	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 Full definition →	487.88	540.24	595.31	650.32	704.50	725.72	791.29	860.37	843.93	788.96

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