What is Heartland Express's debt-to-equity?

Heartland Express (HTLD) reported debt-to-equity of 0.2× in Q4 2025.

What is the long-term trend for Heartland Express's debt-to-equity?

Over 3 years (2022 to 2025), Heartland Express's debt-to-equity has grown at a -25.0% compound annual growth rate (CAGR), from 0.5× to 0.2×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Heartland Express HTLD Debt-to-equity

Debt-to-equity at other companies

JB Hunt Transport ServicesJBHT

0.4×0.0×

Werner EnterprisesWERN

0.8×+0.3×

Knight-Swift Transportation Holdings Inc.KNX

0.4×0.0×

Schneider NationalSNDR

0.1×-0.1×

Covenant Logistics GroupCVLG

0.7×+0.1×

Landstar SystemLSTR

0.1×0.0×

Other financials

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 equity$755.3M-8.2%

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

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Market cap$1.13B+66.4%

Enterprise value$1.24B+42.2%

P/S1.5×+0.8×

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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Return on equity-6.6%+52.6pp

Current ratio1.3×+0.4×

Where this comes from

Calculated from Heartland Express’s reported figures.

total debt/total stockholders equity=0.2×

Based on the most recent quarter.

The official record: Heartland Express’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Heartland Express's debt-to-equity?: Heartland Express (HTLD) reported debt-to-equity of 0.2× in Q4 2025.
What is the long-term trend for Heartland Express's debt-to-equity?: Over 3 years (2022 to 2025), Heartland Express's debt-to-equity has grown at a -25.0% compound annual growth rate (CAGR), from 0.5× to 0.2×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.