Tearsheet

Heartland Express (HTLD)

Market Price (9/13/2025): $8.48 | Market Cap: $662.1 Mil
Sector: Industrials | Industry: Cargo Ground Transportation

Heartland Express (HTLD)

Market Price (9/13/2025): $8.48
Market Cap: $662.1 Mil
Sector: Industrials
Industry: Cargo Ground Transportation

Investment Highlights

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%	Weak multi-year price returns 2Y Excs Rtn is -91%, 3Y Excs Rtn is -106%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -44 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.8%
1	Low stock price volatility Vol 12M is 36%		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -16%, Rev Chg QQuarterly Revenue Change % is -23%
2			Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.4%
3			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.9%

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
1	Low stock price volatility Vol 12M is 36%
2	Weak multi-year price returns 2Y Excs Rtn is -91%, 3Y Excs Rtn is -106%
3	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -44 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.8%
4	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -16%, Rev Chg QQuarterly Revenue Change % is -23%
5	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.4%
6	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.9%

Market Valuation

	9/13/25	2024	2023	2022	2021
Share Price CYE	$8.48	$11.17	$14.10	$15.09	$16.45
Market Cap CYE ($ Mil)	662.1	876.8	1,114.3	1,191.3	1,298.2
Total Debt ($ Mil)	198.5	208.6	317.4	434.0	0.0
Total Cash ($ Mil)	22.9	12.8	28.1	49.5	157.7
Enterprise Value ($ Mil)	837.7	1,085.4	1,431.7	1,625.3	1,298.2
Valuation Ratios
P/S TTM	0.7	0.8	0.9	1.2	2.2
P/EBIT TTM	-20.3	-46.3	25.6	6.4	12.6
P/E TTM	-18.5	-29.7	76.3	9.1	16.9
Sector Ratios
P/S TTM (Sector)	1.6	1.4	1.4	1.1	1.6
P/EBIT TTM (Sector)	11.5	10.2	10.0	8.3	12.1
P/E TTM (Sector)	16.8	13.7	14.0	11.2	15.6

	9/13/25	2024	2023
Share Price CYE	$8.48	$11.17	$14.10
Market Cap CYE ($ Mil)	662.1	876.8	1,114.3
Total Debt ($ Mil)	198.5	208.6	317.4
Total Cash ($ Mil)	22.9	12.8	28.1
Enterprise Value ($ Mil)	837.7	1,085.4	1,431.7
Valuation Ratios
P/S TTM	0.7	0.8	0.9
P/EBIT TTM	-20.3	-46.3	25.6
P/E TTM	-18.5	-29.7	76.3
Sector Ratios
P/S TTM (Sector)	1.6	1.4	1.4
P/EBIT TTM (Sector)	11.5	10.2	10.0
P/E TTM (Sector)	16.8	13.7	14.0

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services. The company offers its services under the Heartland Express and Millis Transfer brand names. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
HTLD Return	-14%	-4%	-8%	-7%	-21%	-22%	-57%
Peers Return	23%	38%	-11%	15%	4%	-17%	50%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	101%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: LSTR, SNDR, TRN, WERN, ODFL. See HTLD Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Heartland Express (HTLD) Operating Cash Flow Comparison	Financials
2	Heartland Express (HTLD) Debt Comparison	Financials
3	Heartland Express (HTLD) EBITDA Comparison	Financials
4	Heartland Express (HTLD) Operating Income Comparison	Financials
5	Heartland Express (HTLD) Revenue Comparison	Financials
6	Heartland Express (HTLD) Net Income Comparison	Financials
7	Heartland Express (HTLD) Tax Expense Comparison	Financials
8	Heartland Express (HTLD) Valuation Ratios Comparison	Financials
9	Heartland Express Total Shareholder Return (TSR): -20.1% in 2024 and -11.5% 3-yr compounded annual returns (below peer average)
10	Heartland Express vs. Brink's Company: HTLD stock's higher valuation vs. BCO appears counterintuitive	Counter-Intuitive Comparisons

	Title
0	ARTICLES
1	Heartland Express (HTLD) Operating Cash Flow Comparison
2	Heartland Express (HTLD) Debt Comparison
3	Heartland Express (HTLD) EBITDA Comparison
4	Heartland Express (HTLD) Operating Income Comparison
5	Heartland Express (HTLD) Revenue Comparison
6	Heartland Express (HTLD) Net Income Comparison
7	Heartland Express (HTLD) Tax Expense Comparison
8	Heartland Express (HTLD) Valuation Ratios Comparison
9	Heartland Express Total Shareholder Return (TSR): -20.1% in 2024 and -11.5% 3-yr compounded annual returns (below peer average)
10	Heartland Express vs. Brink's Company: HTLD stock's higher valuation vs. BCO appears counterintuitive

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for Heartland Express

Financials

	HTLD	LSTR	SNDR	TRN	WERN	ODFL	Median
Name	Heartlan.	Landstar.	Schneide.	Trinity .	Werner E.	Old Domi.
Mkt Price	8.47	128.66	23.83	28.15	28.01	144.89	28.08
Mkt Cap	0.7	4.5	4.2	2.3	1.7	30.6	3.2
Rev LTM	932	4,787	5,477	2,855	2,966	5,639	3,876
Op Inc LTM	-44	202	183	412	85	1,432	192
FCF LTM	-31	188	164	25	-120	781	95
FCF 3Y Avg	2	359	32	-468	-115	823	17
CFO LTM	120	207	673	598	207	1,470	403
CFO 3Y Avg	164	385	712	304	354	1,575	369

Growth & Margins

	HTLD	LSTR	SNDR	TRN	WERN	ODFL	Median
Name	Heartlan.	Landstar.	Schneide.	Trinity .	Werner E.	Old Domi.
Rev Chg LTM	-16.4%	-2.1%	2.2%	-9.4%	-6.4%	-5.5%	-6.0%
Rev Chg 3Y Avg	23.2%	-14.0%	-4.8%	22.3%	-0.9%	-1.9%	-1.4%
Rev Chg Q	-23.4%	-1.1%	7.9%	-27.7%	-1.0%	-6.1%	-3.6%
QoQ Delta Rev Chg LTM	-6.5%	-0.3%	1.9%	-7.3%	-0.3%	-1.6%	-0.9%
Op Mgn LTM	-4.8%	4.2%	3.3%	14.4%	2.9%	25.4%	3.8%
Op Mgn 3Y Avg	-0.8%	5.6%	4.9%	12.1%	4.8%	27.3%	5.2%
QoQ Delta Op Mgn LTM	-1.7%	-0.2%	0.0%	0.4%	1.3%	-0.7%	-0.1%
CFO/Rev LTM	12.9%	4.3%	12.3%	20.9%	7.0%	26.1%	12.6%
CFO/Rev 3Y Avg	14.6%	7.0%	12.7%	10.6%	11.1%	26.9%	11.9%
FCF/Rev LTM	-3.4%	3.9%	3.0%	0.9%	-4.0%	13.8%	1.9%
FCF/Rev 3Y Avg	-0.0%	6.5%	0.6%	-19.8%	-3.6%	14.1%	0.3%

Valuation

	HTLD	LSTR	SNDR	TRN	WERN	ODFL	Median
Name	Heartlan.	Landstar.	Schneide.	Trinity .	Werner E.	Old Domi.
Mkt Cap	0.7	4.5	4.2	2.3	1.7	30.6	3.2
P/S	0.7	0.9	0.8	0.8	0.6	5.4	0.8
P/EBIT	-20.3	22.3	22.3	4.7	15.8	21.3	18.6
P/E	-18.4	26.7	33.3	16.8	32.5	27.9	27.3
P/CFO	5.5	21.7	6.2	3.8	8.2	20.8	7.2
Total Yield	-5.4%	6.5%	4.6%	10.1%	5.1%	4.3%	4.9%
Dividend Yield	0.0%	2.7%	1.6%	4.1%	2.0%	0.8%	1.8%
FCF Yield 3Y Avg	-0.4%	5.7%	0.9%	-21.5%	-5.2%	2.2%	0.3%
D/E	0.3	0.0	0.1	2.4	0.4	0.0	0.2
Net D/E	0.3	-0.1	0.1	2.4	0.4	0.0	0.2

Returns

	HTLD	LSTR	SNDR	TRN	WERN	ODFL	Median
Name	Heartlan.	Landstar.	Schneide.	Trinity .	Werner E.	Old Domi.
1M Rtn	0.5%	-3.2%	-5.3%	-2.5%	-2.3%	-5.4%	-2.8%
3M Rtn	-2.4%	-6.2%	-0.7%	9.3%	2.0%	-9.4%	-1.5%
6M Rtn	-9.9%	-14.0%	1.1%	-1.3%	-5.4%	-10.5%	-7.7%
12M Rtn	-28.4%	-27.8%	-10.6%	-4.9%	-21.7%	-23.8%	-22.7%
3Y Rtn	-41.0%	-6.0%	11.9%	32.4%	-26.0%	13.0%	3.0%
1M Excs Rtn	-1.3%	-5.0%	-7.1%	-4.3%	-4.1%	-7.2%	-4.7%
3M Excs Rtn	-13.1%	-17.0%	-10.7%	-1.1%	-7.6%	-19.5%	-11.9%
6M Excs Rtn	-26.8%	-32.4%	-16.2%	-19.6%	-23.2%	-30.0%	-25.0%
12M Excs Rtn	-47.1%	-47.4%	-30.3%	-24.2%	-41.2%	-43.5%	-42.4%
3Y Excs Rtn	-106.1%	-71.0%	-53.9%	-33.8%	-91.8%	-53.9%	-62.4%

Comparison Analyses

	Title
0	HTLD Could Deliver 13% Returns And Outperform R
1	LSTR or HTLD - With 13% Return Forecast, HTLD Probably Deserves Your Money
2	HTLD Looks Stronger Than WERN With 13% Return Potential
3	Heartland Express vs. Novocure Limited: With Return Forecast Of 94%, Novocure Limited Is A Better Bet
4	Heartland Express vs. Royal Gold: With Return Forecast Of 18%, Heartland Express Is A Better Bet
5	Heartland Express vs. Aspen Technology: With Return Forecast Of 68%, Aspen Technology Is A Better Bet
6	Heartland Express vs. AZZ: Similar Market Cap, But Heartland Express Is A Better Bet
7	Heartland Express vs. LivePerson: Similar Market Cap, But LivePerson Is A Better Bet
8	Heartland Express vs. CryoPort: Similar Market Cap, But CryoPort Is A Better Bet
9	Heartland Express vs GCP Applied Technologies: Similar Market Cap; Which Stock Is A Better Bet?

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		2/18/2025	2/28/2024	3/1/2023	2/25/2022	2/22/2021	2/25/2020
Key Financials
Total Revenue	932	1,048	1,207	968	607	645	597
Ebitda	139	162	243	323	210	205	199
Operating Income	-44	-28	1	91	68	79	63
Net Income	-36	-30	15	134	79	71	73
EPS	-0.46	-0.38	0.19	1.69	1.00	0.87	0.89
Growth Rates
Total Revenue Growth	-16.4%	-13.2%	24.7%	59.4%	-5.9%	8.1%	-2.3%
EBITDA Growth	-24.8%	-33.2%	-24.7%	53.5%	2.8%	2.8%	3.1%
Operating Income Growth	-16.5%	-2237.4%	-98.6%	34.5%	-13.5%	24.9%	-2.9%
Net Income Growth	-48.2%	-301.2%	-88.9%	68.5%	12.0%	-3.0%	0.4%
Margins
EBITDA Margin	14.9%	15.5%	20.1%	33.3%	34.6%	31.7%	33.4%
Operating Income Margin	-4.8%	-2.6%	0.1%	9.4%	11.2%	12.2%	10.5%
Net Income Margin	-3.8%	-2.8%	1.2%	13.8%	13.1%	11.0%	12.2%
Cash & Debt
Total Cash	23	13	28	49	158	114	77
Total Debt	198	209	317	434	0	0	0
Net Debt / (Cash)	176	196	289	384	-158	-114	-77
Cash Flows
Net Cash from Operations	120	144	165	195	123	179	146
Free Cash from Operations	-31	35	-43	34	-9	-25	-17
Returns to Shareholders
Dividends	6	5	6	6	46	7	7
Share Repurchases	-0	7	-0	-0	32	26	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/8/2025	5/12/2025	2/18/2025	11/12/2024	8/9/2024	5/10/2024	2/28/2024	11/9/2023	8/9/2023	5/8/2023	3/1/2023	11/9/2022
Key Financials Quarterly
Total Revenue	210	219	243	260	275	270	275	295	306	331	355	274
Ebitda	29	27	45	38	47	32	62	44	65	72	77	70
Operating Income	-15	-17	-5	-8	-1	-14	-15	-9	8	16	22	28
Net Income	-11	-14	-2	-9	-3	-15	5	-11	8	13	15	24
EPS	-0.14	-0.18	-0.02	-0.12	-0.04	-0.19	0.06	-0.14	0.10	0.16	0.20	0.31
Key Financials TTM
Total Revenue TTM	932	997	1,048	1,080	1,115	1,147	1,207	1,287	1,266	1,148	968	761
Ebitda TTM	139	157	162	179	185	204	243	258	284	349	323	298
Operating Income TTM	-44	-30	-28	-37	-38	-29	1	38	74	89	91	86
Net Income TTM	-36	-28	-30	-23	-24	-13	15	25	60	129	134	138
Growth Rates Quarterly
Total Revenue Growth	-23.4%	-18.8%	-11.9%	-11.9%	-10.3%	-18.3%	-22.4%	7.7%	63.0%	118.8%	139.6%	79.5%
EBITDA Growth	-37.4%	-17.3%	-27.3%	-13.4%	-28.3%	-54.8%	-19.5%	-37.3%	-49.7%	56.7%	46.7%	19.2%
Operating Income Growth	-1669.6%	-16.7%	65.7%	10.5%	-110.5%	-188.8%	-165.8%	-130.5%	-64.8%	-11.2%	34.5%	54.9%
Net Income Growth	-212.1%	8.2%	-136.4%	13.3%	-144.8%	-219.8%	-67.1%	-143.8%	-89.9%	-24.8%	-23.8%	-0.2%
Margins Quarterly
EBITDA Margin	13.9%	12.2%	18.6%	14.7%	17.0%	12.0%	22.6%	14.9%	21.3%	21.7%	21.7%	25.6%
Operating Income Margin	-7.2%	-7.6%	-2.1%	-2.9%	-0.3%	-5.3%	-5.3%	-2.9%	2.7%	4.9%	6.2%	10.2%
Net Income Margin	-5.2%	-6.3%	-0.8%	-3.6%	-1.3%	-5.6%	1.9%	-3.6%	2.5%	3.8%	4.4%	8.9%
Cash & Debt
Total Cash	23	24	13	31	24	24	28	20	46	56	49	65
Total Debt	198	206	209	216	249	278	317	355	363	384	434	489
Net Debt / (Cash)	176	182	196	186	225	254	289	335	317	328	384	425
Cash Flows Quarterly
FCF from Operations	21	26	38	36	40	31	41	27	31	66	82	54
Cash Flows TTM
FCF from Operations TTM	120	139	144	147	139	130	165	207	233	224	195	140
Returns to Shareholders Quarterly
Dividends	2	2	2	2	2	0	3	2	0	0	3	2
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-24.8%	-28.5%	-8.5%	-13.7%	-1.3%	-17.6%	-20.1%	-8.2%	7.5%	14.3%	17.4%	19.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-19.6%	-13.4%	-11.5%	-15.6%	-13.0%	-8.8%	0.3%	8.1%	17.4%	20.1%	17.5%	14.9%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	1,207	968	607	645	597
Total	1,207	968	607	645	597

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$8.47
Market Cap ($ Bil)	0.7
First Trading Date	03/26/1990
Distance from 52W High	-33.3%
	50 Days	200 Days
DMA Price	$8.44	$9.57
DMA Trend	down	down
Distance from DMA	0.4%	-11.5%
	3M	1YR
Volatility	40.3%	35.8%
Downside Capture	260.26	124.62
Upside Capture	114.14	69.88
Correlation (SPY)	47.8%	42.4%

HTLD Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.04	2.10	1.99	0.76	0.76	0.80
Up Beta	3.80	3.51	2.91	0.83	0.88	0.89
Down Beta	0.08	0.06	1.14	0.36	0.32	0.45
Up Capture	242%	141%	126%	66%	56%	39%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	10	18	29	51	105	352
Down Capture	134%	270%	251%	114%	112%	102%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	11	22	32	72	137	380

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	2,530,200
Short Interest: % Change Since 8152025	17.2%
Average Daily Volume	686,299
Days-to-Cover Short Interest	3.69
Basic Shares Quantity	78,079,000
Short % of Basic Shares	3.2%

Returns Analyses

	Title
0	HTLD Up 6.4% In A Month. Do You Buy Or Wait?
1	Heartland Express Stock Return Comparison
2	[10/7/2021] Heartland Express (HTLD) Stock Price Forecast: AI Forecasts HTLD Stock Price To Be Around $16.2 In A Month (Down 0.7%)
3	Heartland Express (HTLD) Stock Return: AI Predicts HTLD Average and Excess Return After a Fall or Rise

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/29/2025	-3.2%	-8.2%	2.4%
5/2/2025	-1.0%	8.5%	15.4%
2/3/2025	1.7%	2.0%	-10.0%
10/29/2024	-0.5%	-2.0%	13.2%
7/26/2024	-1.7%	-5.8%	-5.9%
4/30/2024	-0.2%	9.4%	10.6%
2/2/2024	-1.8%	2.2%	-7.3%
10/31/2023	-5.4%	1.9%	7.9%
...
SUMMARY STATS
# Positive	11	14	13
# Negative	13	10	11
Median Positive	1.7%	2.7%	6.4%
Median Negative	-0.9%	-3.5%	-4.5%
Max Positive	3.7%	13.6%	19.8%
Max Negative	-5.4%	-8.2%	-10.0%

	Forward Returns
7/29/2025	-3.2%	-8.2%	2.4%
5/2/2025	-1.0%	8.5%	15.4%
2/3/2025	1.7%	2.0%	-10.0%
10/29/2024	-0.5%	-2.0%	13.2%
7/26/2024	-1.7%	-5.8%	-5.9%
4/30/2024	-0.2%	9.4%	10.6%
2/2/2024	-1.8%	2.2%	-7.3%
10/31/2023	-5.4%	1.9%	7.9%
8/3/2023	-0.6%	-3.1%	-3.3%
5/2/2023	3.0%	4.0%	8.6%
2/9/2023	-0.4%	3.2%	-2.0%
11/7/2022	3.7%	13.6%	19.8%
7/27/2022	3.1%	0.6%	5.6%
4/22/2022	1.4%	-0.9%	-1.9%
1/21/2022	-0.3%	-7.4%	-8.6%
10/18/2021	0.3%	0.4%	3.9%
7/19/2021	1.3%	1.7%	2.6%
4/21/2021	-0.6%	-3.8%	-4.5%
1/20/2021	0.2%	1.3%	-3.2%
10/20/2020	1.1%	-1.0%	1.9%
7/17/2020	-3.6%	-8.1%	-7.0%
4/22/2020	1.7%	8.1%	6.4%
1/27/2020	-0.9%	-0.5%	-4.5%
10/31/2019	2.1%	5.8%	1.1%
SUMMARY STATS
# Positive	11	14	13
# Negative	13	10	11
Median Positive	1.7%	2.7%	6.4%
Median Negative	-0.9%	-3.5%	-4.5%
Max Positive	3.7%	13.6%	19.8%
Max Negative	-5.4%	-8.2%	-10.0%

SEC Filings

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Report Date	Filing
6302025	10-Q 6/30/2025
3312025	10-Q 3/31/2025
12312024	10-K 12/31/2024
9302024	10-Q 9/30/2024
6302024	10-Q 6/30/2024
3312024	10-Q 3/31/2024
12312023	10-K 12/31/2023
9302023	10-Q 9/30/2023
6302023	10-Q 6/30/2023
3312023	10-Q 3/31/2023
12312022	10-K 12/31/2022
9302022	10-Q 9/30/2022
6302022	10-Q 6/30/2022
3312022	10-Q 3/31/2022
12312021	10-K 12/31/2021
9302021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	GERDIN MICHAEL J	Chief Executive Officer	8182025	Buy	8.20	1,314	10,775	11,998,092	Form
1	PRATT JAMES G		5162025	Buy	8.96	6,571	58,876	268,800	Form
2	Ann S. Gerdin Revocable Trust		5142025	Buy	8.95	167,644	1,500,045	10,867,103	Form
3	Hupfeld Amanda		5142025	Buy	8.76	2,000	17,520	17,520	Form
4	GERDIN MICHAEL J	Chief Executive Officer	5132025	Buy	8.50	148,272	1,260,668	3,726,449	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Heartland Express (HTLD)

Market Price (9/13/2025): $8.48 | Market Cap: $662.1 MilSector: Industrials | Industry: Cargo Ground Transportation

Heartland Express (HTLD)

Market Price (9/13/2025): $8.48Market Cap: $662.1 MilSector: IndustrialsIndustry: Cargo Ground Transportation

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Market Price (9/13/2025): $8.48 | Market Cap: $662.1 Mil
Sector: Industrials | Industry: Cargo Ground Transportation

Market Price (9/13/2025): $8.48
Market Cap: $662.1 Mil
Sector: Industrials
Industry: Cargo Ground Transportation