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Heartland Express

HTLD

Heartland Express is a leading asset-based truckload carrier providing nationwide short, medium, and long-haul transportation services.

Market cap
$947.7M+52.1%
Revenue$762.5M-23.5%
Net income-$43.4M-52.4%
Free cash flow-$64.0M-177%
EPS (diluted)-$0.56-51.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 29, 2026 (in 3 months)
Revenue estimate$191.1M
EPS estimate$0.05

Financials

Q1 2026

Income statement

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Revenue$176.3M-19.7%
Operating income-$3.3M+77.9%
Net income-$4.8M+65.2%
EPS (diluted)-$0.06+66.7%

Balance sheet

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Cash & equivalents$44.5M+86.4%
Total debt$153.2M-29.1%
Total assets$1.2B-12.2%

Cash flow

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Operating cash flow$23.2M-10.4%
CapEx$18.0M-23.5%
Free cash flow$5.1M+125%

Valuation & ratios

Valuation

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Market cap$947.7M+52.1%
Enterprise value$1.06B+33.8%
P/S1.2×+0.6×

Profitability

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Operating margin-6%-14.0pp
Net margin-5.7%+642pp
FCF margin-8.4%

Returns & leverage

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Current ratio1.3×+0.4×

Competitors

Profile

Heartland Express is a leading asset-based truckload carrier providing nationwide short, medium, and long-haul transportation services. The company specializes in dry van truckload freight with a focus on high-density lanes and time-sensitive shipments for major retailers and manufacturers. Its core value proposition centers on high-quality service and safety, supported by a modern fleet and a strategic terminal network located near major metropolitan areas.

Competitive position

A core carrier for major national shippers, Heartland Express differentiates itself through on-time performance and a late-model equipment strategy rather than competing solely on price.

GeographiesUnited States, Mexico, Canada
Customer segmentsEnterprise, Retail, Manufacturing
Business modelAsset-heavy transportation, B2B Service
SuppliersTruck and trailer manufacturers, Fuel suppliers, Professional truck drivers, Technology and telematics providers
CustomersConsumer goods retailers, Industrial manufacturers, E-commerce and parcel delivery companies, Food and beverage producers
Listed1986
Employees6.3K
CEOMichael J. Gerdin
IndustryTrucking
FilingsSEC EDGAR

FAQ

What is Heartland Express's market cap?
Heartland Express (HTLD) has a market capitalization of $947.7M and trades on NASDAQ.
What is Heartland Express's revenue and profitability?
Heartland Express generated $762.5M in trailing twelve-month revenue with a net loss of $43.4M, representing a net margin of -5.7%, with free cash flow of -$64.0M. These figures are based on the Q1 2026 filing.
Who are Heartland Express's competitors?
Heartland Express's key competitors include Knight-Swift Transportation Holdings Inc., Schneider National, Inc., Werner Enterprises, Inc., and others. These companies compete in similar markets and product categories.
Who does Heartland Express partner with?
Heartland Express's notable partners include Truckers Against Trafficking, U.S. EPA SmartWay.
What subsidiaries does Heartland Express have?
Heartland Express's subsidiaries include Millis Transfer, LLC, Smith Transport, LLC, Contract Freighters, Inc. (CFI), and others.
Where is Heartland Express headquartered?
Heartland Express is headquartered in United States of America and employs approximately 6,320 people. It has been publicly traded since 1986.