NASDAQ : HTLD
Heartland Express, Inc. — Financial statements
Industrials · Trucking · United States
Last price 10.335 USD (Oct 30, 2026, 10:12 AM EDT) · Market cap 797.89M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Heartland Express, Inc. (HTLD) reported revenue of 719.24M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 719.24M | 805.71M | 1.05B | 1.21B | 968.00M | 607.28M |
| Cost of Revenue | 521.12M | 587.52M | 765.28M | 873.65M | 641.25M | 379.41M |
| Gross Profit | 198.12M | 218.19M | 282.24M | 333.81M | 326.74M | 227.87M |
| Selling, General & Admin | 53.37M | 60.90M | 55.17M | 50.58M | 39.24M | 23.03M |
| Other Operating Expenses | 49.65M | 59.96M | 73.29M | 82.90M | 63.01M | 32.80M |
| Operating Expenses | 238.81M | 280.06M | 309.98M | 332.51M | 235.29M | 159.90M |
| Operating Income | -40.69M | -61.87M | -27.74M | 1.30M | 91.45M | 67.97M |
| Interest Expense | -8.19M | -11.49M | -17.58M | -24.19M | -8.55M | |
| Interest & Investment Income | 1.28M | 774.00K | 1.14M | 1.66M | 1.29M | 640.00K |
| EBT Excluding Unusual Items | -47.60M | -72.58M | -44.18M | -21.23M | 84.19M | 68.61M |
| Gain (Loss) on Sale of Assets | 52.39M | 23.45M | 7.51M | 41.09M | 96.91M | 37.44M |
| Asset Writedown | -18.99M | -18.99M | ||||
| Pretax Income | -14.21M | -68.13M | -36.67M | 19.85M | 181.09M | 106.05M |
| Income Tax Expense | -1.48M | -15.68M | -6.95M | 5.08M | 47.51M | 26.77M |
| Net Income | -12.72M | -52.45M | -29.72M | 14.78M | 133.58M | 79.28M |
| Net Income to Common | -12.72M | -52.45M | -29.72M | 14.78M | 133.58M | 79.28M |
| Shares Outstanding (Basic) | 77.40M | 77.88M | 78.73M | 79.01M | 78.94M | 79.57M |
| Shares Outstanding (Diluted) | 77.40M | 77.94M | 78.78M | 79.08M | 78.97M | 79.61M |
| EPS (Basic) | -0.16 | -0.67 | -0.38 | 0.19 | 1.69 | 1.00 |
| EPS (Diluted) | -0.16 | -0.67 | -0.38 | 0.19 | 1.69 | 1.00 |
| Free Cash Flow | -66.85M | 34.81M | -43.33M | 34.15M | -9.22M | |
| Free Cash Flow Per Share | -0.86 | 0.44 | -0.55 | 0.43 | -0.12 | |
| Dividend Per Share | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Gross Margin | 27.54% | 27.08% | 26.94% | 27.65% | 33.75% | 37.52% |
| Operating Margin | -5.66% | -7.68% | -2.65% | 0.11% | 9.45% | 11.19% |
| Profit Margin | -1.77% | -6.51% | -2.84% | 1.22% | 13.80% | 13.05% |
| Free Cash Flow Margin | -8.30% | 3.32% | -3.59% | 3.53% | -1.52% | |
| EBITDA | 93.59M | 97.33M | 153.78M | 200.34M | 224.50M | 172.20M |
| EBITDA Margin | 13.01% | 12.08% | 14.68% | 16.59% | 23.19% | 28.36% |
| D&A For EBITDA | 134.28M | 159.20M | 181.52M | 199.04M | 133.05M | 104.23M |
| EBIT | -40.69M | -61.87M | -27.74M | 1.30M | 91.45M | 67.97M |
| EBIT Margin | -5.66% | -7.68% | -2.65% | 0.11% | 9.45% | 11.19% |
| Effective Tax Rate | 25.58% | 26.23% | 25.24% | |||
| Advertising Expenses | 3.00M | 4.30M | 5.30M | 4.80M | 2.20M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 48.50M | 18.48M | 12.81M | 28.12M | 49.46M | 157.74M |
| Cash & Short-Term Investments | 48.50M | 18.48M | 12.81M | 28.12M | 49.46M | 157.74M |
| Accounts Receivable | 75.53M | 74.17M | 91.62M | 102.74M | 139.82M | 52.81M |
| Other Receivables | 1.15M | 2.03M | 10.16M | 3.14M | 4.09M | |
| Receivables | 75.53M | 75.32M | 93.65M | 112.90M | 142.96M | 56.91M |
| Restricted Cash | 249.00K | 280.00K | 332.00K | 752.00K | 928.00K | |
| Other Current Assets | 29.78M | 20.56M | 22.70M | 27.92M | 36.61M | 17.65M |
| Total Current Assets | 153.81M | 114.60M | 129.45M | 169.27M | 229.78M | 233.22M |
| Property, Plant & Equipment | 564.88M | 668.87M | 772.27M | 902.79M | 994.21M | 487.92M |
| Goodwill | 322.60M | 322.60M | 322.60M | 322.60M | 320.68M | 168.29M |
| Other Intangible Assets | 65.75M | 69.51M | 93.52M | 98.54M | 103.70M | 22.36M |
| Long-Term Deferred Tax Assets | 1.19M | 1.35M | 946.00K | 1.49M | 1.22M | |
| Other Long-Term Assets | 14.77M | 14.69M | 15.41M | 14.95M | 19.89M | 16.75M |
| Total Assets | 1.12B | 1.19B | 1.33B | 1.51B | 1.67B | 928.54M |
| Accounts Payable | 27.58M | 33.48M | 35.37M | 37.78M | 62.71M | 20.54M |
| Accrued Expenses | 67.11M | 69.64M | 69.03M | 67.14M | 68.10M | 51.06M |
| Current Portion of Long-Term Debt | 99.89M | 1.91M | 9.04M | 9.30M | 13.95M | |
| Current Portion of Leases | 3.29M | 5.13M | 6.12M | 9.26M | 12.00M | |
| Current Income Taxes Payable | 2.97M | |||||
| Total Current Liabilities | 200.84M | 110.16M | 119.56M | 123.48M | 156.76M | 71.59M |
| Long-Term Debt | 154.06M | 191.71M | 290.70M | 399.06M | ||
| Long-Term Leases | 11.00M | 317.00K | 1.75M | 8.18M | 8.95M | |
| Long-Term Deferred Tax Liabilities | 120.74M | 133.63M | 158.37M | 189.12M | 207.52M | 89.97M |
| Other Long-Term Liabilities | 36.32M | 38.13M | 40.20M | 32.91M | 41.72M | 39.88M |
| Total Liabilities | 368.90M | 436.30M | 511.59M | 644.39M | 814.01M | 201.44M |
| Common Stock | 907.00K | 907.00K | 907.00K | 907.00K | 907.00K | 907.00K |
| Additional Paid-In Capital | 2.20M | 2.98M | 3.17M | 4.53M | 4.17M | 4.14M |
| Retained Earnings | 967.48M | 965.40M | 1.02B | 1.06B | 1.05B | 924.38M |
| Treasury Stock | -216.49M | -213.97M | -205.56M | -200.27M | -201.24M | -202.32M |
| Shareholders' Equity | 754.10M | 755.32M | 822.60M | 865.26M | 855.48M | 727.10M |
| Total Liabilities & Equity | 1.12B | 1.19B | 1.33B | 1.51B | 1.67B | 928.54M |
| Total Debt | 114.18M | 161.42M | 208.61M | 317.44M | 433.96M | |
| Net Cash (Debt) | -65.68M | -142.94M | -195.80M | -289.32M | -384.50M | 157.74M |
| Net Cash Per Share | -0.85 | -1.83 | -2.49 | -3.66 | -4.87 | 1.98 |
| Filing Date Shares Outstanding | 77.20M | 77.45M | 78.55M | 79.05M | 78.99M | 78.93M |
| Total Common Shares Outstanding | 77.20M | 77.44M | 78.52M | 79.04M | 78.98M | 78.92M |
| Working Capital | -47.03M | 4.44M | 9.89M | 45.80M | 73.03M | 161.63M |
| Book Value Per Share | 9.77 | 9.75 | 10.48 | 10.95 | 10.83 | 9.21 |
| Tangible Book Value | 365.75M | 363.21M | 406.48M | 444.13M | 431.10M | 536.45M |
| Tangible Book Value Per Share | 4.74 | 4.69 | 5.18 | 5.62 | 5.46 | 6.80 |
| Land | 119.82M | 120.39M | 118.68M | 94.16M | 90.22M | |
| Buildings | 171.51M | 150.58M | 149.78M | 143.90M | 95.31M | |
| Machinery | 856.02M | 1.00B | 1.05B | 1.03B | 521.40M | |
| Construction In Progress | 1.34M | 9.19M | 2.58M | 15.07M | 3.83M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -52.45M | -29.72M | 14.78M | 133.58M | 79.28M | |
| Depreciation & Amortization | 159.20M | 181.52M | 199.04M | 133.05M | 104.23M | |
| Loss (Gain) From Sale of Assets | -23.45M | -7.51M | -41.09M | -96.91M | -37.44M | |
| Asset Writedown & Restructuring Costs | 18.99M | |||||
| Stock-Based Compensation | 2.16M | 1.04M | 1.62M | 1.40M | 1.15M | |
| Other Operating Activities | -24.98M | -29.15M | -17.01M | 2.77M | -5.87M | |
| Change in Accounts Receivable | 17.45M | 11.12M | 37.08M | 20.03M | 2.77M | |
| Change in Accounts Payable | -9.51M | 5.20M | -31.00M | -1.23M | -18.48M | |
| Change in Income Taxes | 89.00K | 8.08M | -7.21M | 1.17M | -5.88M | |
| Change in Other Net Operating Assets | 1.82M | 3.76M | 9.06M | 845.00K | 3.66M | |
| Operating Cash Flow | 89.31M | 144.35M | 165.27M | 194.71M | 123.42M | |
| Capital Expenditures | -156.17M | -109.54M | -208.60M | -160.57M | -132.64M | |
| Sale of Property, Plant & Equipment | 129.92M | 62.99M | 137.32M | 172.75M | 130.18M | |
| Cash Acquisitions | -675.85M | |||||
| Other Investing Activities | 251.00K | 4.00K | 3.41M | 411.00K | -191.00K | |
| Investing Cash Flow | -26.00M | -46.54M | -67.87M | -663.26M | -2.65M | |
| Long-Term Debt Issued | 447.34M | |||||
| Long-Term Debt Repaid | -41.15M | -100.30M | -114.08M | -81.48M | ||
| Net Debt Issued (Repaid) | -41.15M | -100.30M | -114.08M | 365.87M | ||
| Repurchase of Common Stock | -10.76M | -7.69M | -290.00K | -290.00K | -32.27M | |
| Common Dividends Paid | -6.24M | -4.72M | -6.32M | -6.32M | -6.37M | |
| Financing Cash Flow | -58.15M | -112.71M | -120.69M | 359.26M | -78.14M | |
| Net Cash Flow | 5.16M | -14.90M | -23.29M | -109.29M | 42.63M | |
| Free Cash Flow | -66.85M | 34.81M | -43.33M | 34.15M | -9.22M | |
| Free Cash Flow Margin | -8.30% | 3.32% | -3.59% | 3.53% | -1.52% | |
| Free Cash Flow Per Share | -0.86 | 0.44 | -0.55 | 0.43 | -0.12 | |
| Levered Free Cash Flow | -21.43M | 68.70M | -8.97M | -19.93M | 19.45M | |
| Unlevered Free Cash Flow | -14.25M | 79.69M | 6.15M | -14.59M | 19.45M | |
| Cash Interest Paid | 12.16M | 17.74M | 22.44M | 6.38M | ||
| Cash Income Tax Paid | 9.30M | 15.64M | 30.14M | 44.01M | 38.52M | |
| Change in Working Capital | 9.85M | 28.16M | 7.93M | 20.82M | -17.93M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 789.01M | 699.35M | 880.73M | 1.13B | 1.21B | 1.33B |
| Enterprise Value | 854.69M | 854.71M | 1.07B | 1.46B | 1.64B | 1.15B |
| Last Close Price | 10.22 | 8.98 | 11.06 | 13.96 | 14.94 | 16.29 |
| PE Ratio | 76.27 | 9.06 | 16.74 | |||
| Forward PE | 31.31 | 119.50 | 273.57 | 148.04 | 13.78 | 16.38 |
| PS Ratio | 1.10 | 0.87 | 0.84 | 0.93 | 1.25 | 2.19 |
| PB Ratio | 1.05 | 0.93 | 1.07 | 1.30 | 1.42 | 1.82 |
| P/TBV Ratio | 2.16 | 1.93 | 2.17 | 2.54 | 2.81 | 2.47 |
| P/FCF Ratio | 25.30 | 35.46 | ||||
| P/OCF Ratio | 10.05 | 7.83 | 6.10 | 6.82 | 6.22 | 10.75 |
| PEG Ratio | 12.10 | 12.10 | 16.45 | 6.74 | 1.90 | |
| EV/Sales Ratio | 1.19 | 1.06 | 1.02 | 1.21 | 1.69 | 1.89 |
| EV/EBITDA Ratio | 9.13 | 8.78 | 6.93 | 7.30 | 7.29 | 6.66 |
| EV/EBIT Ratio | 1,126.50 | 17.88 | 16.87 | |||
| EV/FCF Ratio | 30.63 | 47.90 | ||||
| Debt / Equity Ratio | 0.15 | 0.21 | 0.25 | 0.37 | 0.51 | |
| Debt / EBITDA Ratio | 1.22 | 1.56 | 1.27 | 1.49 | 1.85 | |
| Debt / FCF Ratio | 5.99 | 12.71 | ||||
| Net Debt / Equity Ratio | 0.09 | 0.19 | 0.24 | 0.33 | 0.45 | -0.22 |
| Net Debt / EBITDA Ratio | 0.70 | 1.47 | 1.27 | 1.44 | 1.71 | -0.92 |
| Net Debt / FCF Ratio | -2.14 | 5.62 | -6.68 | 11.26 | 17.11 | |
| Asset Turnover | 0.60 | 0.64 | 0.74 | 0.76 | 0.74 | 0.65 |
| Quick Ratio | 0.62 | 0.85 | 0.89 | 1.14 | 1.23 | 3.00 |
| Current Ratio | 0.77 | 1.04 | 1.08 | 1.37 | 1.47 | 3.26 |
| Return on Equity (ROE) | -1.66% | -6.65% | -3.52% | 1.72% | 16.88% | 10.92% |
| Return on Assets (ROA) | -2.14% | -3.06% | -1.22% | 0.05% | 4.40% | 4.52% |
| Return on Invested Capital (ROIC) | -4.90% | -6.46% | -2.55% | 0.08% | 7.46% | 8.61% |
| Return on Capital Employed (ROCE) | -4.40% | -5.70% | -2.30% | 0.10% | 6.00% | 7.90% |
| Earnings Yield | -1.61% | -7.50% | -3.38% | 1.31% | 11.03% | 5.97% |
| FCF Yield | -10.87% | -9.56% | 3.95% | -3.84% | 2.82% | -0.69% |
| Dividend Yield | 0.78% | 0.89% | 0.71% | 0.56% | 0.52% | 0.48% |
| Payout Ratio | 42.79% | 4.73% | 8.04% | |||
| Buyback Yield / Dilution | 0.94% | 1.07% | 0.38% | -0.13% | 0.80% | 2.25% |
| Total Shareholder Return | 1.73% | 1.95% | 1.10% | 0.43% | 1.32% | 2.73% |