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Heartland Express HTLD Goodwill impairment

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Other financials

Income statement

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Revenue$184.1M-12.5%
Operating income$16.5M+233%
Net income$10.6M+197%
EPS (diluted)$0.14+200%

Balance sheet

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Cash & equivalents$62.4M+173%
Total debt$146.4M-29.5%
Total equity$755.3M-8.2%
Total assets$1.2B-9.6%

Cash flow

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Operating cash flow$12.9M-38.7%
CapEx$47.4M+40.4%
Free cash flow-$34.6M-170%

Valuation

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Market cap$956.22M+61.7%
Enterprise value$1.04B+34.0%
P/S1.3×+0.7×

Profitability

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Operating margin-2.3%-0.6pp
Net margin-3%-0.5pp
FCF margin-11.6%

Returns & leverage

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Return on equity-6.6%+52.6pp
Debt / equity0.2×0.0×
Current ratio1.6×+0.6×

Where this comes from

Reported directly by Heartland Express in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Heartland Express’s 10-K, filed March 3, 2026.

Filed
Mar 2, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000799233-26-000006

The Company first assesses qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50%) that the fair value of each reporting unit is less than its carrying amount, including goodwill. If, after assessing qualitative factors, the Company determines that it is more likely than not that the fair value of each reporting unit is less than its carrying amount, then the Company performs a full fair value assessment of identifiable net assets to identify potential goodwill impairment and measure the amount of goodwill impairment loss to be recognized, if any. As of October 1, 2025, the Company’s assessment of qualitative factors informed its conclusion that a goodwill impairment did not occur. The significant qualitative factors considered include the Company’s continued strong cash flow. Our reporting units had fair value in excess of their carrying value. Management determined that no goodwill impairment charge was required for the years ended December 31, 2025, 2024, and 2023.

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Heartland Express's goodwill impairment?
Heartland Express (HTLD) reported goodwill impairment of $0 in Q4 2025.
What does goodwill impairment mean?
Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

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