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Stocks · Industrials · Trucking (No Local)

HEARTLAND EXPRESS INC

HTLD Clue Score34
United States Fiscal year ends December CIK 0000799233
$11.12 -2.03% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $11.12 −30.41% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue612.9Operating income85.6Net income56.4EPS, diluted0.68Fiscal year 2017Revenue607.3 −0.9%Operating income63.5Net income75.2 +33.3%EPS, diluted0.90 +32.4%Fiscal year 2018Revenue610.8 +0.6%Operating income89.8Net income72.7 −3.3%EPS, diluted0.88 −2.2%Fiscal year 2019Revenue596.8 −2.3%Operating income94.3Net income73.0 +0.4%EPS, diluted0.89 +1.1%Fiscal year 2020Revenue645.3 +8.1%Operating income93.4Net income70.8 −3.0%EPS, diluted0.87 −2.2%Fiscal year 2021Revenue607.3 −5.9%Operating income105.4Net income79.3 +12.0%EPS, diluted1.00 +14.9%Fiscal year 2022Revenue968.0 +59.4%Operating income188.4Net income133.6 +68.5%EPS, diluted1.69 +69.0%Fiscal year 2023Revenue1,207.5 +24.7%Operating income42.4Net income14.8 −88.9%EPS, diluted0.19 −88.8%Fiscal year 2024Revenue1,047.5 −13.2%Operating income−20.2Net income−29.7 −301.2%EPS, diluted−0.38 −300.0%Fiscal year 2025Revenue805.7 −23.1%Operating income−57.4Net income−52.5EPS, diluted−0.67
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 612.9 607.3 610.8 596.8 645.3 607.3 968.0 1,207.5 1,047.5 805.7
Growth −0.9% +0.6% −2.3% +8.1% −5.9% +59.4% +24.7% −13.2% −23.1%
Operating income 85.6 63.5 89.8 94.3 93.4 105.4 188.4 42.4 −20.2 −57.4
Net income 56.4 75.2 72.7 73.0 70.8 79.3 133.6 14.8 −29.7 −52.5
Growth +33.3% −3.3% +0.4% −3.0% +12.0% +68.5% −88.9% −301.2%
EPS, diluted 0.68 0.90 0.88 0.89 0.87 1.00 1.69 0.19 −0.38 −0.67
Growth +32.4% −2.2% +1.1% −2.2% +14.9% +69.0% −88.8% −300.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin14.0%Net margin9.2%Free cash flow margin11.4%Fiscal year 2017Operating margin10.5%Net margin12.4%Free cash flow margin−12.3%Fiscal year 2018Operating margin14.7%Net margin11.9%Free cash flow margin−3.7%Fiscal year 2019Operating margin15.8%Net margin12.2%Free cash flow margin−2.9%Fiscal year 2020Operating margin14.5%Net margin11.0%Free cash flow margin−3.9%Fiscal year 2021Operating margin17.4%Net margin13.1%Free cash flow margin−1.5%Fiscal year 2022Operating margin19.5%Net margin13.8%Free cash flow margin3.5%Fiscal year 2023Operating margin3.5%Net margin1.2%Free cash flow margin−3.6%Fiscal year 2024Operating margin−1.9%Net margin−2.8%Free cash flow margin3.3%Fiscal year 2025Operating margin−7.1%Net margin−6.5%Free cash flow margin−8.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 14.0% 10.5% 14.7% 15.8% 14.5% 17.4% 19.5% 3.5% −1.9% −7.1%
Net margin 9.2% 12.4% 11.9% 12.2% 11.0% 13.1% 13.8% 1.2% −2.8% −6.5%
Free cash flow margin 11.4% −12.3% −3.7% −2.9% −3.9% −1.5% 3.5% −3.6% 3.3% −8.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow155.8Capital expenditure−86.1Free cash flow69.7Buybacks−14.7Dividends paid−6.7Fiscal year 2017Operating cash flow109.5Capital expenditure−184.1Free cash flow−74.6 −207.0%Buybacks0.0Dividends paid−6.7Fiscal year 2018Operating cash flow146.5Capital expenditure−169.3Free cash flow−22.7Buybacks−25.1Dividends paid−6.6Fiscal year 2019Operating cash flow146.4Capital expenditure−163.8Free cash flow−17.4Buybacks0.0Dividends paid−6.6Fiscal year 2020Operating cash flow178.9Capital expenditure−204.3Free cash flow−25.5Buybacks−25.7Dividends paid−6.5Fiscal year 2021Operating cash flow123.4Capital expenditure−132.6Free cash flow−9.2Buybacks−32.0Dividends paid−45.9Fiscal year 2022Operating cash flow194.7Capital expenditure−160.6Free cash flow34.1Buybacks0.0Dividends paid−6.3Fiscal year 2023Operating cash flow165.3Capital expenditure−208.6Free cash flow−43.3 −226.9%Buybacks0.0Dividends paid−6.3Fiscal year 2024Operating cash flow144.3Capital expenditure−109.5Free cash flow34.8Buybacks−7.3Dividends paid−4.7Fiscal year 2025Operating cash flow89.3Capital expenditure−156.2Free cash flow−66.9 −292.0%Buybacks−10.4Dividends paid−6.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 155.8 109.5 146.5 146.4 178.9 123.4 194.7 165.3 144.3 89.3
Capital expenditure −86.1 −184.1 −169.3 −163.8 −204.3 −132.6 −160.6 −208.6 −109.5 −156.2
Free cash flow 69.7 −74.6 −22.7 −17.4 −25.5 −9.2 34.1 −43.3 34.8 −66.9
Growth −207.0% −226.9% −292.0%
Buybacks −14.7 0.0 −25.1 0.0 −25.7 −32.0 0.0 0.0 −7.3 −10.4
Dividends paid −6.7 −6.7 −6.6 −6.6 −6.5 −45.9 −6.3 −6.3 −4.7 −6.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash128.5Shareholders’ equity505.8Fiscal year 2017Cash75.4Shareholders’ equity574.6Fiscal year 2018Cash161.4Total debt0.0Net cash (debt)161.4Shareholders’ equity616.0Debt to equity0.00Fiscal year 2019Cash76.7Shareholders’ equity684.7Fiscal year 2020Cash113.9Shareholders’ equity724.3Fiscal year 2021Cash157.7Total debt0.0Net cash (debt)157.7Shareholders’ equity727.1Debt to equity0.00Fiscal year 2022Cash49.5Total debt401.1Net cash (debt)−351.6Shareholders’ equity855.5Debt to equity0.47Fiscal year 2023Cash28.1Total debt292.5Net cash (debt)−264.4Shareholders’ equity865.3Debt to equity0.34Fiscal year 2024Cash12.8Total debt193.5Net cash (debt)−180.7Shareholders’ equity822.6Debt to equity0.24Fiscal year 2025Cash18.5Total debt156.0Net cash (debt)−137.5Shareholders’ equity755.3Debt to equity0.21
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 128.5 75.4 161.4 76.7 113.9 157.7 49.5 28.1 12.8 18.5
Total debt n/a n/a 0.0 n/a n/a 0.0 401.1 292.5 193.5 156.0
Net cash (debt) n/a n/a 161.4 n/a n/a 157.7 −351.6 −264.4 −180.7 −137.5
Shareholders’ equity 505.8 574.6 616.0 684.7 724.3 727.1 855.5 865.3 822.6 755.3
Debt to equity n/a n/a 0.00 n/a n/a 0.00 0.47 0.34 0.24 0.21

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
612.9 607.3 610.8 596.8 645.3 607.3 968.0 1,207.5 1,047.5 805.7
Growth −0.9% +0.6% −2.3% +8.1% −5.9% +59.4% +24.7% −13.2% −23.1%
85.6 63.5 89.8 94.3 93.4 105.4 188.4 42.4 −20.2 −57.4
Growth −25.7% +41.3% +5.0% −0.9% +12.8% +78.7% −77.5% −147.7%
86.0 64.5 91.9 97.2 94.3 106.0 181.1 19.9 −36.7 −68.1
29.7 −10.7 19.2 24.2 23.5 26.8 47.5 5.1 −7.0 −15.7
56.4 75.2 72.7 73.0 70.8 79.3 133.6 14.8 −29.7 −52.5
Growth +33.3% −3.3% +0.4% −3.0% +12.0% +68.5% −88.9% −301.2%
Per share
0.68 0.90 0.88 0.89 0.87 1.00 1.69 0.19 −0.38 −0.67
0.68 0.90 0.88 0.89 0.87 1.00 1.69 0.19 −0.38 −0.67
Growth +32.4% −2.2% +1.1% −2.2% +14.9% +69.0% −88.8% −300.0%
83.3 83.3 82.4 82.0 81.4 79.6 78.9 79.0 78.7 77.9
83.4 83.3 82.4 82.0 81.4 79.6 79.0 79.1 78.8 77.9
Growth −0.0% −1.1% −0.5% −0.7% −2.2% −0.8% +0.1% −0.4% −1.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.5% a year over five years.
  • The diluted share count fell 4.3% in five years, so buybacks did some of the work per share.
  • Operating margin is down 21.6 points on five years ago, at -7.1%.
  • A net loss in 2 of 10 years on file.