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Financials · HTLD

Heartland Express Inc. (HTLD) financials

For the twelve months ended Sep 30, 2026, Heartland Express Inc. reported $719.24M of revenue and -$12.72M of net income.

Revenue, TTM
$719.24M
Revenue growth, YoY
-17.2%
Net income, TTM
-$12.72M
Net margin
-1.8%
Free cash flow, TTM
-$81.06M
EPS, diluted, TTM
-$0.15
Cash
$48.50M
Total debt
$99.89M
P/S
1.08
Market cap
$780.3M
Annual revenue$805.71M
FY2016FY2025
Annual net income-$52.45M
FY2016FY2025
Annual free cash flow-$66.85M
FY2016FY2025

HTLD revenue and earnings growth

HTLD revenueQ3 2026$179.50M

Quarter YoY
-8.7%
QoQ
-2.5%
FY YoY
-23.1%
5Y CAGR
+4.5%
10Y CAGR
+0.9%

HTLD revenue was $179.50M in fiscal Q3 2026 (ended Sep 30, 2026), down 8.7% from a year earlier and down 2.5% from the prior quarter. For the full fiscal 2025 it was $805.71M, down 23.1% from fiscal 2024. Compound annual growth was +4.5% over 5 years and +0.9% over 10 years. It rose in 4 of the last 10 fiscal years.

HTLD net incomeQ3 2026$959.0K

QoQ
-90.9%

HTLD net income was $959.0K in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$8.28M a year earlier and down 90.9% from the prior quarter. For the full fiscal 2025 it was -$52.45M, compared with -$29.72M in fiscal 2024.

HTLD EPSQ3 2026$0.01

QoQ
-92.9%

HTLD diluted EPS was $0.01 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.11 a year earlier and down 92.9% from the prior quarter. For the full fiscal 2025 it was -$0.67, compared with -$0.38 in fiscal 2024.

HTLD free cash flowQ3 2026-$7.44M

HTLD free cash flow was -$7.44M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$12.15M a year earlier. For the full fiscal 2025 it was -$66.85M, compared with $34.81M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$805.71M$1.05B$1.21B$968.00M$607.28M$645.26M$596.82M$610.80M$607.34M$612.94M
Operating income-$57.41M-$20.24M$42.38M$188.36M$105.41M$93.42M$94.28M$89.79M$63.54M$85.57M
Pre-tax income-$68.13M-$36.67M$19.85M$181.09M$106.05M$94.26M$97.18M$91.92M$64.50M$86.05M
Income tax-$15.68M-$6.95M$5.08M$47.51M$26.77M$23.45M$24.21M$19.24M-$10.68M$29.66M
Net income-$52.45M-$29.72M$14.78M$133.58M$79.28M$70.81M$72.97M$72.68M$75.17M$56.39M
EPS, basic-$0.67-$0.38$0.19$1.69$1.00$0.87$0.89$0.88$0.90$0.68
EPS, diluted-$0.67-$0.38$0.19$1.69$1.00$0.87$0.89$0.88$0.90$0.68
Diluted shares77.9M78.8M79.1M79.0M79.6M81.4M82.0M82.4M83.3M83.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$18.48M$26.28M$28.12M$64.48M$173.77M$131.14M$96.08M$182.94M$106.10M$150.22M
Receivables$74.17M$91.62M$102.74M$139.82M$52.81M$55.58M$56.75M$48.95M$64.29M$46.84M
Current assets$114.60M$129.45M$169.27M$229.78M$233.22M$193.01M$151.81M$232.50M$170.84M$202.11M
Goodwill$322.60M$322.60M$322.60M$320.68M$168.29M$168.29M$168.29M$132.41M$132.41M$100.21M
Total assets$1.19B$1.33B$1.51B$1.67B$928.54M$951.18M$898.93M$806.21M$789.13M$738.23M
Current liabilities$110.16M$119.56M$123.48M$156.76M$71.59M$71.04M$63.41M$64.69M$75.32M$65.53M
Short-term debt$5.71M$9.04M$9.30M$13.95M$0--$0--
Long-term debt$154.06M$191.71M$290.70M$399.06M$0-----
Total debt$159.77M$200.75M$300.00M$413.01M$0-$0$0--
Shareholders' equity$755.32M$822.60M$865.26M$855.48M$727.10M$724.33M$684.66M$615.97M$574.64M$505.83M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$89.31M$144.35M$165.27M$194.71M$123.42M$178.85M$146.37M$146.54M$109.54M$155.78M
Capital expenditures$156.17M$109.54M$208.60M$160.57M$132.64M$204.34M$163.78M$169.28M$184.11M$86.09M
Free cash flow-$66.85M$34.81M-$43.33M$34.15M-$9.22M-$25.49M-$17.41M-$22.73M-$74.58M$69.69M
Investing cash flow-$26.00M-$46.54M-$67.87M-$663.26M-$2.65M-$111.05M-$132.79M-$37.81M-$123.50M-$28.81M
Financing cash flow-$58.15M-$112.71M-$120.69M$359.26M-$78.14M-$32.74M-$100.44M-$31.89M-$30.17M-$21.34M
Dividends paid$6.20M$6.30M$6.30M$6.30M$45.90M$6.50M$6.60M$6.60M$6.70M$6.70M
Share repurchases$10.39M$7.28M$0$0$32.02M$25.65M$0$25.09M$0$14.68M
Stock-based compensation$2.20M$1.00M$1.60M$1.40M$1.10M$2.10M$2.10M$500.0K$500.0K$1.30M
Depreciation and amortization$159.20M$181.52M$199.04M$133.05M$104.23M$110.38M$100.93M$101.33M$103.91M$105.58M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-23.1%-13.2%24.7%59.4%-5.9%8.1%-2.3%0.6%-0.9%-16.8%
Net income growth, YoY---88.9%68.5%12.0%-3.0%0.4%-3.3%33.3%-22.8%
EPS growth, YoY---88.8%69.0%14.9%-2.2%1.1%-2.2%32.4%-19.0%
Operating margin-7.1%-1.9%3.5%19.5%17.4%14.5%15.8%14.7%10.5%14.0%
Net margin-6.5%-2.8%1.2%13.8%13.1%11.0%12.2%11.9%12.4%9.2%
Free cash flow margin-8.3%3.3%-3.6%3.5%-1.5%-3.9%-2.9%-3.7%-12.3%11.4%
Return on equity-6.9%-3.6%1.7%15.6%10.9%9.8%10.7%11.8%13.1%11.1%
Return on assets-4.4%-2.2%1.0%8.0%8.5%7.4%8.1%9.0%9.5%7.6%
Current ratio1.041.081.371.473.262.722.393.592.273.08
Debt to equity0.210.240.350.480.00-0.000.00--

Source: XBRL data Heartland Express Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

HTLD peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
HTLD$719.24M-17.2%-$12.72M-1.8%$780.3M
UPS$91.37B+2.1%$4.42B4.8%$92.21B
ODFL$5.79B+3.8%$1.16B20.1%$33.98B
JBHT$13.33B+10.6%$676.07M5.1%$20.28B
ZTOCN¥49.10B+10.9%CN¥9.08B18.5%$16.01B
KNX$8.00B+7.0%$153.34M1.9%$9.51B
SAIA$3.54B+9.3%$283.09M8.0%$8.86B
TFII$7.88B-6.1%$310.55M3.9%$7.80B
SNDR$5.95B+6.0%$141.70M2.4%$4.88B

HTLD FAQ

8 questions
  • What is HTLD revenue?
    Heartland Express Inc. (HTLD) reported $719.24M of revenue for the twelve months ended Sep 30, 2026. That is down 17.2% from the year before. Revenue for fiscal 2025 was $805.71M.
  • Is HTLD profitable?
    No. Heartland Express Inc. reported a net loss of $12.72M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does HTLD have?
    Heartland Express Inc. reported $48.50M in cash and cash equivalents and $99.89M of debt on its most recent balance sheet in SEC filings.
  • How fast is HTLD revenue growing?
    Heartland Express Inc.'s revenue changed -23.1% in fiscal 2025, to $805.71M. Its compound annual growth rate was +4.5% over 5 years and +0.9% over 10 years.
  • What is HTLD free cash flow?
    Heartland Express Inc. generated -$81.06M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $70.02M less capital expenditures.
  • What is HTLD earnings per share?
    Diluted earnings per share were -$0.15 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did HTLD last report financial results?
    The latest statements here come from Heartland Express Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this HTLD financial data come from?
    Quantisnow builds these statements from the structured XBRL data Heartland Express Inc. files with the SEC. It is provided for information only and is not investment advice.