Heartland Express, Inc. (HTLD) 10-Year Financial Performance & Capital Metrics

HTLD • • Industrial / General

IndustrialsTruckingTruckload CarriersGeneral Truckload Carriers

AboutHeartland 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. It primarily serves retailers and manufacturers in consumer goods, appliances, food products, and automotive industries. The company was founded in 1978 and is headquartered in North Liberty, Iowa.Show more

Revenue $1.05B -13.2%
EBITDA $154M -23.2%
Net Income -$30M -301.2%
EPS (Diluted) -0.38 -300.0%
Gross Margin 3.71% -42.7%
EBITDA Margin 14.68% -11.5%
Operating Margin -2.65% -2563.8%
Net Margin -2.84% -331.9%
ROE -3.52% -305.1%
ROIC -1.92% -2455.7%
Debt/Equity 0.25 -30.9%
Interest Coverage -1.58 -3040.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 11.9%
✓Trading at only 1.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.86%

5Y11.91%

3Y19.93%

TTM-16.42%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-48.24%

EPS CAGR

10Y-

5Y-

3Y-

TTM-49.69%

ROCE

10Y Avg6.84%

5Y Avg4.53%

3Y Avg1.89%

Latest-2.13%

Peer Comparison

General Truckload Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KNXKnight-Swift Transportation Holdings Inc.	9.34B	57.51	78.78	3.76%	1.9%	2%		0.40
WERNWerner Enterprises, Inc.	2.01B	33.54	60.98	-7.71%	0.85%	1.77%		0.47
YGMZMingZhu Logistics Holdings Limited	23.08K	0.00	-0.00	-54.57%	-15.3%	-13.83%		0.08
PAMTPamt Corp.	252.58M	12.07	-8.27	-11.86%	-7.16%	-19.16%		1.17
HTLDHeartland Express, Inc.	826.37M	10.67	-28.08	-13.25%	-3.85%	-4.56%	4.21%	0.25

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	736.35M	612.94M	607.34M	610.8M	596.82M	645.26M	607.28M	968M	1.21B	1.05B
Revenue Growth %	-0.15%	-0.17%	-0.01%	0.01%	-0.02%	0.08%	-0.06%	0.59%	0.25%	-0.13%
Cost of Goods Sold+	621.11M	518.7M	540.02M	518.39M	503.35M	534.99M	513.47M	818.13M	1.13B	1.01B
COGS % of Revenue	0.84%	0.85%	0.89%	0.85%	0.84%	0.83%	0.85%	0.85%	0.94%	0.96%
Gross Profit+	115.24M	94.23M	67.32M	92.42M	93.47M	110.27M	93.82M	149.87M	78.2M	38.88M
Gross Margin %	0.16%	0.15%	0.11%	0.15%	0.16%	0.17%	0.15%	0.15%	0.06%	0.04%
Gross Profit Growth %	-0.15%	-0.18%	-0.29%	0.37%	0.01%	0.18%	-0.15%	0.6%	-0.48%	-0.5%
Operating Expenses+	34.89M	17.87M	29.55M	27.59M	30.53M	31.68M	25.85M	58.41M	76.9M	66.62M
OpEx % of Revenue	0.05%	0.03%	0.05%	0.05%	0.05%	0.05%	0.04%	0.06%	0.06%	0.06%
Selling, General & Admin	24.72M	26.55M	20.85M	19.03M	18.9M	24.03M	23.03M	39.24M	50.58M	55.17M
SG&A % of Revenue	0.03%	0.04%	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.05%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	10.17M	-8.68M	8.7M	8.56M	11.63M	7.65M	2.82M	19.18M	26.32M	11.45M
Operating Income+	81.54M	76.36M	37.77M	64.82M	62.93M	78.59M	67.97M	91.45M	1.3M	-27.74M
Operating Margin %	0.11%	0.12%	0.06%	0.11%	0.11%	0.12%	0.11%	0.09%	0%	-0.03%
Operating Income Growth %	-0.17%	-0.06%	-0.51%	0.72%	-0.03%	0.25%	-0.14%	0.35%	-0.99%	-22.37%
EBITDA+	193.39M	181.94M	141.46M	165.34M	163.15M	188.53M	172.05M	224.5M	200.34M	153.78M
EBITDA Margin %	0.26%	0.3%	0.23%	0.27%	0.27%	0.29%	0.28%	0.23%	0.17%	0.15%
EBITDA Growth %	-0.07%	-0.06%	-0.22%	0.17%	-0.01%	0.16%	-0.09%	0.3%	-0.11%	-0.23%
D&A (Non-Cash Add-back)	111.85M	105.58M	103.69M	100.52M	100.21M	109.94M	104.08M	133.05M	199.04M	181.52M
EBIT	116.79M	86.05M	64.67M	91.92M	98.23M	94.26M	106.05M	189.65M	44.04M	-19.09M
Net Interest Income+	191K	481K	954K	2.13M	2.9M	842K	640K	-7.27M	-22.53M	-16.44M
Interest Income	210K	481K	1.13M	2.13M	3.96M	842K	640K	1.29M	1.66M	1.14M
Interest Expense	19K	0	175K	0	1.05M	0	0	8.55M	24.19M	17.58M
Other Income/Expense	35.23M	9.69M	26.73M	27.09M	34.24M	15.67M	38.08M	89.64M	18.55M	-8.93M
Pretax Income+	116.77M	86.05M	64.5M	91.92M	97.18M	94.26M	106.05M	181.09M	19.85M	-36.67M
Pretax Margin %	0.16%	0.14%	0.11%	0.15%	0.16%	0.15%	0.17%	0.19%	0.02%	-0.04%
Income Tax+	43.72M	29.66M	-10.68M	19.24M	24.21M	23.45M	26.77M	47.51M	5.08M	-6.95M
Effective Tax Rate %	0.63%	0.66%	1.17%	0.79%	0.75%	0.75%	0.75%	0.74%	0.74%	0.81%
Net Income+	73.06M	56.39M	75.17M	72.68M	72.97M	70.81M	79.28M	133.58M	14.78M	-29.72M
Net Margin %	0.1%	0.09%	0.12%	0.12%	0.12%	0.11%	0.13%	0.14%	0.01%	-0.03%
Net Income Growth %	-0.14%	-0.23%	0.33%	-0.03%	0%	-0.03%	0.12%	0.69%	-0.89%	-3.01%
Net Income (Continuing)	73.06M	56.39M	75.17M	72.68M	72.97M	70.81M	79.28M	133.58M	14.78M	-29.72M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.84	0.68	0.90	0.88	0.89	0.87	1.00	1.69	0.19	-0.38
EPS Growth %	-0.13%	-0.19%	0.32%	-0.02%	0.01%	-0.02%	0.15%	0.69%	-0.89%	-3%
EPS (Basic)	0.84	0.68	0.90	0.88	0.89	0.87	1.00	1.69	0.19	-0.38
Diluted Shares Outstanding	87.11M	83.36M	83.34M	82.41M	82.02M	81.44M	79.61M	78.97M	79.08M	78.78M
Basic Shares Outstanding	86.97M	83.3M	83.3M	82.38M	81.98M	81.39M	79.57M	78.94M	79.01M	78.73M
Dividend Payout Ratio	0.1%	0.12%	0.09%	0.09%	0.09%	0.09%	0.58%	0.05%	0.43%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	136.44M	202.11M	170.78M	232.5M	151.81M	193.01M	233.22M	229.78M	169.27M	129.45M
Cash & Short-Term Investments	33.23M	128.51M	75.38M	161.45M	76.68M	114.93M	157.74M	50.21M	28.12M	12.81M
Cash Only	33.23M	128.51M	75.38M	161.45M	76.68M	114.93M	157.74M	50.21M	28.12M	12.81M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	68.65M	51.58M	70.69M	49.13M	57.08M	55.58M	56.91M	142.96M	112.9M	93.65M
Days Sales Outstanding	34.03	30.72	42.48	29.36	34.91	31.44	34.2	53.9	34.13	32.63
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	24.98M	4.54M	5.88M	9.45M	7.35M	14.27M	8.48M	25.32M	17.27M	12.27M
Total Non-Current Assets+	599.59M	536.12M	618.35M	573.71M	747.12M	758.16M	695.32M	1.44B	1.34B	1.2B
Property, Plant & Equipment	474M	407.65M	442.86M	403.12M	526.29M	539.28M	487.92M	994.21M	902.79M	772.27M
Fixed Asset Turnover	1.55x	1.50x	1.37x	1.52x	1.13x	1.20x	1.24x	0.97x	1.34x	1.36x
Goodwill	100.21M	100.21M	135.21M	132.41M	168.29M	168.29M	168.29M	320.68M	322.6M	322.6M
Intangible Assets	14.01M	12.09M	14.22M	14.49M	27.14M	24.75M	22.36M	103.7M	98.54M	93.52M
Long-Term Investments	10.66M	12.4M	22.8M	18.39M	17.8M	16.21M	15.1M	14.26M	12.73M	13.19M
Other Non-Current Assets	700K	-18K	1.46M	767K	1.59M	1.47M	1.66M	5.63M	2.22M	2.22M
Total Assets+	736.03M	738.23M	789.13M	806.21M	898.93M	951.18M	928.54M	1.67B	1.51B	1.33B
Asset Turnover	1.00x	0.83x	0.77x	0.76x	0.66x	0.68x	0.65x	0.58x	0.80x	0.79x
Asset Growth %	-0.03%	0%	0.07%	0.02%	0.12%	0.06%	-0.02%	0.8%	-0.1%	-0.12%
Total Current Liabilities+	66.17M	65.53M	75.32M	64.69M	63.41M	71.04M	71.59M	156.76M	123.48M	119.56M
Accounts Payable	7.52M	12.36M	14.37M	10.55M	11.06M	12.75M	20.54M	62.71M	37.78M	35.37M
Days Payables Outstanding	4.42	8.69	9.71	7.43	8.02	8.7	14.6	27.98	12.21	12.8
Short-Term Debt	0	0	0	0	0	0	0	25.95M	18.56M	15.16M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	34.02M	29.86M	34.2M	31.58M	27.64M	34.39M	29.64M	37.13M	38.65M	42.03M
Current Ratio	2.06x	3.08x	2.27x	3.59x	2.39x	2.72x	3.26x	1.47x	1.37x	1.08x
Quick Ratio	2.06x	3.08x	2.27x	3.59x	2.39x	2.72x	3.26x	1.47x	1.37x	1.08x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	199.93M	166.87M	139.16M	125.55M	150.87M	155.8M	129.85M	657.25M	520.91M	392.03M
Long-Term Debt	0	0	0	0	0	0	0	380.43M	279.69M	187.91M
Capital Lease Obligations	0	0	0	0	0	0	0	27.58M	19.19M	5.55M
Deferred Tax Liabilities	112.12M	94.66M	65.49M	71.04M	93.7M	104M	89.97M	207.52M	189.12M	158.37M
Other Non-Current Liabilities	87.82M	72.21M	73.67M	54.51M	57.17M	51.8M	39.88M	41.72M	32.91M	40.2M
Total Liabilities	266.1M	232.4M	214.48M	190.24M	214.27M	226.84M	201.44M	814.01M	644.39M	511.59M
Total Debt+	0	0	0	0	0	0	0	433.96M	317.44M	208.61M
Net Debt	-33.23M	-128.51M	-75.38M	-161.45M	-76.68M	-114.93M	-157.74M	384.5M	289.32M	195.8M
Debt / Equity	-	-	-	-	-	-	-	0.51x	0.37x	0.25x
Debt / EBITDA	-	-	-	-	-	-	-	1.93x	1.58x	1.36x
Net Debt / EBITDA	-0.17x	-0.71x	-0.53x	-0.98x	-0.47x	-0.61x	-0.92x	1.71x	1.44x	1.27x
Interest Coverage	4291.58x	-	215.83x	-	59.82x	-	-	10.69x	0.05x	-1.58x
Total Equity+	469.93M	505.83M	574.64M	615.97M	684.66M	724.33M	727.1M	855.48M	865.26M	822.6M
Equity Growth %	-0.01%	0.08%	0.14%	0.07%	0.11%	0.06%	0%	0.18%	0.01%	-0.05%
Book Value per Share	5.39	6.07	6.90	7.47	8.35	8.89	9.13	10.83	10.94	10.44
Total Shareholders' Equity	469.93M	505.83M	574.64M	615.97M	684.66M	724.33M	727.1M	855.48M	865.26M	822.6M
Common Stock	907K	907K	907K	907K	907K	907K	907K	907K	907K	907K
Retained Earnings	575.95M	625.67M	694.17M	760.26M	826.67M	890.97M	924.38M	1.05B	1.06B	1.02B
Treasury Stock	-111.05M	-124.18M	-123.95M	-148.65M	-147.06M	-171.87M	-202.32M	-201.24M	-200.27M	-205.56M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	190.47M	155.78M	109.54M	146.54M	146.37M	178.85M	123.42M	194.71M	165.27M	144.35M
Operating CF Margin %	0.26%	0.25%	0.18%	0.24%	0.25%	0.28%	0.2%	0.2%	0.14%	0.14%
Operating CF Growth %	0.1%	-0.18%	-0.3%	0.34%	-0%	0.22%	-0.31%	0.58%	-0.15%	-0.13%
Net Income	73.06M	56.39M	75.17M	72.68M	72.97M	70.81M	79.28M	133.58M	14.78M	-29.72M
Depreciation & Amortization	111.85M	105.58M	103.91M	101.33M	100.93M	110.38M	104.23M	133.05M	199.04M	181.52M
Stock-Based Compensation	1.25M	856K	511K	539K	2.06M	2.09M	1.15M	1.4M	1.62M	1.04M
Deferred Taxes	8.62M	-4.58M	-27.12M	2.75M	4.7M	8.15M	-5.87M	2.41M	-18.08M	-30.2M
Other Non-Cash Items	-35.04M	-9.21M	-26.67M	-24.96M	-31.34M	-14.83M	-37.44M	-96.55M	-40.02M	-6.46M
Working Capital Changes	30.74M	6.75M	-16.26M	-5.79M	-2.95M	2.25M	-17.93M	20.82M	7.93M	28.16M
Change in Receivables	16.02M	14.16M	15.24M	15.34M	6.68M	1.18M	2.77M	20.03M	37.08M	11.12M
Change in Inventory	-67.43M	-66.63M	-141.18M	-90.63M	0	0	0	0	0	0
Change in Payables	202K	-11.06M	-26.89M	-26.01M	-10.76M	3.06M	-18.48M	-1.23M	-31M	5.2M
Cash from Investing+	-67.21M	-39.16M	-132.5M	-37.81M	-132.79M	-111.05M	-2.65M	-663.26M	-67.87M	-46.54M
Capital Expenditures	-217.25M	-86.09M	-184.11M	-169.28M	-163.78M	-204.34M	-132.83M	-160.57M	-208.6M	-109.54M
CapEx % of Revenue	0.3%	0.14%	0.3%	0.28%	0.27%	0.32%	0.22%	0.17%	0.17%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	150.04M	46.93M	138.34M	131.46M	92.92M	93.29M	0	173.16M	140.73M	63M
Cash from Financing+	-107.33M	-21.34M	-30.17M	-31.89M	-100.44M	-32.74M	-78.14M	359.26M	-120.69M	-112.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.94M	-6.67M	-6.67M	-6.59M	-6.56M	-6.5M	-45.87M	-6.32M	-6.32M	-4.72M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.76M	0	0	-213K	0	-582K	-247K	0	0	-407K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-26.78M	69.69M	-74.58M	-22.73M	-17.41M	-25.49M	-9.22M	34.15M	-43.33M	34.81M
FCF Margin %	-0.04%	0.11%	-0.12%	-0.04%	-0.03%	-0.04%	-0.02%	0.04%	-0.04%	0.03%
FCF Growth %	0.18%	3.6%	-2.07%	0.7%	0.23%	-0.46%	0.64%	4.7%	-2.27%	1.8%
FCF per Share	-0.31	0.84	-0.89	-0.28	-0.21	-0.31	-0.12	0.43	-0.55	0.44
FCF Conversion (FCF/Net Income)	2.61x	2.76x	1.46x	2.02x	2.01x	2.53x	1.56x	1.46x	11.19x	-4.86x
Interest Paid	40K	0	153K	0	929K	0	0	6.38M	22.44M	17.74M
Taxes Paid	24.7M	35.54M	21.91M	12.83M	18.89M	13.66M	38.52M	44.01M	30.14M	15.64M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	15.44%	11.56%	13.91%	12.21%	11.22%	10.05%	10.92%	16.88%	1.72%	-3.52%
Return on Invested Capital (ROIC)	13.29%	14.07%	6.46%	10.19%	8.88%	9.68%	8.65%	7.58%	0.08%	-1.92%
Gross Margin	15.65%	15.37%	11.08%	15.13%	15.66%	17.09%	15.45%	15.48%	6.48%	3.71%
Net Margin	9.92%	9.2%	12.38%	11.9%	12.23%	10.97%	13.05%	13.8%	1.22%	-2.84%
Debt / Equity	-	-	-	-	-	-	-	0.51x	0.37x	0.25x
Interest Coverage	4291.58x	-	215.83x	-	59.82x	-	-	10.69x	0.05x	-1.58x
FCF Conversion	2.61x	2.76x	1.46x	2.02x	2.01x	2.53x	1.56x	1.46x	11.19x	-4.86x
Revenue Growth	-15.49%	-16.76%	-0.91%	0.57%	-2.29%	8.12%	-5.89%	59.4%	24.74%	-13.25%

Frequently Asked Questions

Growth & Financials

Heartland Express, Inc. (HTLD) reported $932.2M in revenue for fiscal year 2024. This represents a 76% increase from $528.6M in 2011.

Heartland Express, Inc. (HTLD) saw revenue decline by 13.2% over the past year.

Heartland Express, Inc. (HTLD) reported a net loss of $35.9M for fiscal year 2024.

Dividend & Returns

Yes, Heartland Express, Inc. (HTLD) pays a dividend with a yield of 0.56%. This makes it attractive for income-focused investors.

Heartland Express, Inc. (HTLD) has a return on equity (ROE) of -3.5%. Negative ROE indicates the company is unprofitable.

Heartland Express, Inc. (HTLD) had negative free cash flow of $31.4M in fiscal year 2024, likely due to heavy capital investments.

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Heartland Express, Inc. (HTLD) 10-Year Financial Performance & Capital Metrics

HTLD • • Industrial / General

IndustrialsTruckingTruckload CarriersGeneral Truckload Carriers

Revenue $1.05B -13.2%
EBITDA $154M -23.2%
Net Income -$30M -301.2%
EPS (Diluted) -0.38 -300.0%
Gross Margin 3.71% -42.7%
EBITDA Margin 14.68% -11.5%
Operating Margin -2.65% -2563.8%
Net Margin -2.84% -331.9%
ROE -3.52% -305.1%
ROIC -1.92% -2455.7%
Debt/Equity 0.25 -30.9%
Interest Coverage -1.58 -3040.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 11.9%
✓Trading at only 1.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.86%

5Y11.91%

3Y19.93%

TTM-16.42%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-48.24%

EPS CAGR

10Y-

5Y-

3Y-

TTM-49.69%

ROCE

10Y Avg6.84%

5Y Avg4.53%

3Y Avg1.89%

Latest-2.13%

Peer Comparison

General Truckload Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KNXKnight-Swift Transportation Holdings Inc.	9.34B	57.51	78.78	3.76%	1.9%	2%		0.40
WERNWerner Enterprises, Inc.	2.01B	33.54	60.98	-7.71%	0.85%	1.77%		0.47
YGMZMingZhu Logistics Holdings Limited	23.08K	0.00	-0.00	-54.57%	-15.3%	-13.83%		0.08
PAMTPamt Corp.	252.58M	12.07	-8.27	-11.86%	-7.16%	-19.16%		1.17
HTLDHeartland Express, Inc.	826.37M	10.67	-28.08	-13.25%	-3.85%	-4.56%	4.21%	0.25

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	736.35M	612.94M	607.34M	610.8M	596.82M	645.26M	607.28M	968M	1.21B	1.05B
Revenue Growth %	-0.15%	-0.17%	-0.01%	0.01%	-0.02%	0.08%	-0.06%	0.59%	0.25%	-0.13%
Cost of Goods Sold+	621.11M	518.7M	540.02M	518.39M	503.35M	534.99M	513.47M	818.13M	1.13B	1.01B
COGS % of Revenue	0.84%	0.85%	0.89%	0.85%	0.84%	0.83%	0.85%	0.85%	0.94%	0.96%
Gross Profit+	115.24M	94.23M	67.32M	92.42M	93.47M	110.27M	93.82M	149.87M	78.2M	38.88M
Gross Margin %	0.16%	0.15%	0.11%	0.15%	0.16%	0.17%	0.15%	0.15%	0.06%	0.04%
Gross Profit Growth %	-0.15%	-0.18%	-0.29%	0.37%	0.01%	0.18%	-0.15%	0.6%	-0.48%	-0.5%
Operating Expenses+	34.89M	17.87M	29.55M	27.59M	30.53M	31.68M	25.85M	58.41M	76.9M	66.62M
OpEx % of Revenue	0.05%	0.03%	0.05%	0.05%	0.05%	0.05%	0.04%	0.06%	0.06%	0.06%
Selling, General & Admin	24.72M	26.55M	20.85M	19.03M	18.9M	24.03M	23.03M	39.24M	50.58M	55.17M
SG&A % of Revenue	0.03%	0.04%	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.05%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	10.17M	-8.68M	8.7M	8.56M	11.63M	7.65M	2.82M	19.18M	26.32M	11.45M
Operating Income+	81.54M	76.36M	37.77M	64.82M	62.93M	78.59M	67.97M	91.45M	1.3M	-27.74M
Operating Margin %	0.11%	0.12%	0.06%	0.11%	0.11%	0.12%	0.11%	0.09%	0%	-0.03%
Operating Income Growth %	-0.17%	-0.06%	-0.51%	0.72%	-0.03%	0.25%	-0.14%	0.35%	-0.99%	-22.37%
EBITDA+	193.39M	181.94M	141.46M	165.34M	163.15M	188.53M	172.05M	224.5M	200.34M	153.78M
EBITDA Margin %	0.26%	0.3%	0.23%	0.27%	0.27%	0.29%	0.28%	0.23%	0.17%	0.15%
EBITDA Growth %	-0.07%	-0.06%	-0.22%	0.17%	-0.01%	0.16%	-0.09%	0.3%	-0.11%	-0.23%
D&A (Non-Cash Add-back)	111.85M	105.58M	103.69M	100.52M	100.21M	109.94M	104.08M	133.05M	199.04M	181.52M
EBIT	116.79M	86.05M	64.67M	91.92M	98.23M	94.26M	106.05M	189.65M	44.04M	-19.09M
Net Interest Income+	191K	481K	954K	2.13M	2.9M	842K	640K	-7.27M	-22.53M	-16.44M
Interest Income	210K	481K	1.13M	2.13M	3.96M	842K	640K	1.29M	1.66M	1.14M
Interest Expense	19K	0	175K	0	1.05M	0	0	8.55M	24.19M	17.58M
Other Income/Expense	35.23M	9.69M	26.73M	27.09M	34.24M	15.67M	38.08M	89.64M	18.55M	-8.93M
Pretax Income+	116.77M	86.05M	64.5M	91.92M	97.18M	94.26M	106.05M	181.09M	19.85M	-36.67M
Pretax Margin %	0.16%	0.14%	0.11%	0.15%	0.16%	0.15%	0.17%	0.19%	0.02%	-0.04%
Income Tax+	43.72M	29.66M	-10.68M	19.24M	24.21M	23.45M	26.77M	47.51M	5.08M	-6.95M
Effective Tax Rate %	0.63%	0.66%	1.17%	0.79%	0.75%	0.75%	0.75%	0.74%	0.74%	0.81%
Net Income+	73.06M	56.39M	75.17M	72.68M	72.97M	70.81M	79.28M	133.58M	14.78M	-29.72M
Net Margin %	0.1%	0.09%	0.12%	0.12%	0.12%	0.11%	0.13%	0.14%	0.01%	-0.03%
Net Income Growth %	-0.14%	-0.23%	0.33%	-0.03%	0%	-0.03%	0.12%	0.69%	-0.89%	-3.01%
Net Income (Continuing)	73.06M	56.39M	75.17M	72.68M	72.97M	70.81M	79.28M	133.58M	14.78M	-29.72M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.84	0.68	0.90	0.88	0.89	0.87	1.00	1.69	0.19	-0.38
EPS Growth %	-0.13%	-0.19%	0.32%	-0.02%	0.01%	-0.02%	0.15%	0.69%	-0.89%	-3%
EPS (Basic)	0.84	0.68	0.90	0.88	0.89	0.87	1.00	1.69	0.19	-0.38
Diluted Shares Outstanding	87.11M	83.36M	83.34M	82.41M	82.02M	81.44M	79.61M	78.97M	79.08M	78.78M
Basic Shares Outstanding	86.97M	83.3M	83.3M	82.38M	81.98M	81.39M	79.57M	78.94M	79.01M	78.73M
Dividend Payout Ratio	0.1%	0.12%	0.09%	0.09%	0.09%	0.09%	0.58%	0.05%	0.43%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	136.44M	202.11M	170.78M	232.5M	151.81M	193.01M	233.22M	229.78M	169.27M	129.45M
Cash & Short-Term Investments	33.23M	128.51M	75.38M	161.45M	76.68M	114.93M	157.74M	50.21M	28.12M	12.81M
Cash Only	33.23M	128.51M	75.38M	161.45M	76.68M	114.93M	157.74M	50.21M	28.12M	12.81M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	68.65M	51.58M	70.69M	49.13M	57.08M	55.58M	56.91M	142.96M	112.9M	93.65M
Days Sales Outstanding	34.03	30.72	42.48	29.36	34.91	31.44	34.2	53.9	34.13	32.63
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	24.98M	4.54M	5.88M	9.45M	7.35M	14.27M	8.48M	25.32M	17.27M	12.27M
Total Non-Current Assets+	599.59M	536.12M	618.35M	573.71M	747.12M	758.16M	695.32M	1.44B	1.34B	1.2B
Property, Plant & Equipment	474M	407.65M	442.86M	403.12M	526.29M	539.28M	487.92M	994.21M	902.79M	772.27M
Fixed Asset Turnover	1.55x	1.50x	1.37x	1.52x	1.13x	1.20x	1.24x	0.97x	1.34x	1.36x
Goodwill	100.21M	100.21M	135.21M	132.41M	168.29M	168.29M	168.29M	320.68M	322.6M	322.6M
Intangible Assets	14.01M	12.09M	14.22M	14.49M	27.14M	24.75M	22.36M	103.7M	98.54M	93.52M
Long-Term Investments	10.66M	12.4M	22.8M	18.39M	17.8M	16.21M	15.1M	14.26M	12.73M	13.19M
Other Non-Current Assets	700K	-18K	1.46M	767K	1.59M	1.47M	1.66M	5.63M	2.22M	2.22M
Total Assets+	736.03M	738.23M	789.13M	806.21M	898.93M	951.18M	928.54M	1.67B	1.51B	1.33B
Asset Turnover	1.00x	0.83x	0.77x	0.76x	0.66x	0.68x	0.65x	0.58x	0.80x	0.79x
Asset Growth %	-0.03%	0%	0.07%	0.02%	0.12%	0.06%	-0.02%	0.8%	-0.1%	-0.12%
Total Current Liabilities+	66.17M	65.53M	75.32M	64.69M	63.41M	71.04M	71.59M	156.76M	123.48M	119.56M
Accounts Payable	7.52M	12.36M	14.37M	10.55M	11.06M	12.75M	20.54M	62.71M	37.78M	35.37M
Days Payables Outstanding	4.42	8.69	9.71	7.43	8.02	8.7	14.6	27.98	12.21	12.8
Short-Term Debt	0	0	0	0	0	0	0	25.95M	18.56M	15.16M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	34.02M	29.86M	34.2M	31.58M	27.64M	34.39M	29.64M	37.13M	38.65M	42.03M
Current Ratio	2.06x	3.08x	2.27x	3.59x	2.39x	2.72x	3.26x	1.47x	1.37x	1.08x
Quick Ratio	2.06x	3.08x	2.27x	3.59x	2.39x	2.72x	3.26x	1.47x	1.37x	1.08x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	199.93M	166.87M	139.16M	125.55M	150.87M	155.8M	129.85M	657.25M	520.91M	392.03M
Long-Term Debt	0	0	0	0	0	0	0	380.43M	279.69M	187.91M
Capital Lease Obligations	0	0	0	0	0	0	0	27.58M	19.19M	5.55M
Deferred Tax Liabilities	112.12M	94.66M	65.49M	71.04M	93.7M	104M	89.97M	207.52M	189.12M	158.37M
Other Non-Current Liabilities	87.82M	72.21M	73.67M	54.51M	57.17M	51.8M	39.88M	41.72M	32.91M	40.2M
Total Liabilities	266.1M	232.4M	214.48M	190.24M	214.27M	226.84M	201.44M	814.01M	644.39M	511.59M
Total Debt+	0	0	0	0	0	0	0	433.96M	317.44M	208.61M
Net Debt	-33.23M	-128.51M	-75.38M	-161.45M	-76.68M	-114.93M	-157.74M	384.5M	289.32M	195.8M
Debt / Equity	-	-	-	-	-	-	-	0.51x	0.37x	0.25x
Debt / EBITDA	-	-	-	-	-	-	-	1.93x	1.58x	1.36x
Net Debt / EBITDA	-0.17x	-0.71x	-0.53x	-0.98x	-0.47x	-0.61x	-0.92x	1.71x	1.44x	1.27x
Interest Coverage	4291.58x	-	215.83x	-	59.82x	-	-	10.69x	0.05x	-1.58x
Total Equity+	469.93M	505.83M	574.64M	615.97M	684.66M	724.33M	727.1M	855.48M	865.26M	822.6M
Equity Growth %	-0.01%	0.08%	0.14%	0.07%	0.11%	0.06%	0%	0.18%	0.01%	-0.05%
Book Value per Share	5.39	6.07	6.90	7.47	8.35	8.89	9.13	10.83	10.94	10.44
Total Shareholders' Equity	469.93M	505.83M	574.64M	615.97M	684.66M	724.33M	727.1M	855.48M	865.26M	822.6M
Common Stock	907K	907K	907K	907K	907K	907K	907K	907K	907K	907K
Retained Earnings	575.95M	625.67M	694.17M	760.26M	826.67M	890.97M	924.38M	1.05B	1.06B	1.02B
Treasury Stock	-111.05M	-124.18M	-123.95M	-148.65M	-147.06M	-171.87M	-202.32M	-201.24M	-200.27M	-205.56M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	190.47M	155.78M	109.54M	146.54M	146.37M	178.85M	123.42M	194.71M	165.27M	144.35M
Operating CF Margin %	0.26%	0.25%	0.18%	0.24%	0.25%	0.28%	0.2%	0.2%	0.14%	0.14%
Operating CF Growth %	0.1%	-0.18%	-0.3%	0.34%	-0%	0.22%	-0.31%	0.58%	-0.15%	-0.13%
Net Income	73.06M	56.39M	75.17M	72.68M	72.97M	70.81M	79.28M	133.58M	14.78M	-29.72M
Depreciation & Amortization	111.85M	105.58M	103.91M	101.33M	100.93M	110.38M	104.23M	133.05M	199.04M	181.52M
Stock-Based Compensation	1.25M	856K	511K	539K	2.06M	2.09M	1.15M	1.4M	1.62M	1.04M
Deferred Taxes	8.62M	-4.58M	-27.12M	2.75M	4.7M	8.15M	-5.87M	2.41M	-18.08M	-30.2M
Other Non-Cash Items	-35.04M	-9.21M	-26.67M	-24.96M	-31.34M	-14.83M	-37.44M	-96.55M	-40.02M	-6.46M
Working Capital Changes	30.74M	6.75M	-16.26M	-5.79M	-2.95M	2.25M	-17.93M	20.82M	7.93M	28.16M
Change in Receivables	16.02M	14.16M	15.24M	15.34M	6.68M	1.18M	2.77M	20.03M	37.08M	11.12M
Change in Inventory	-67.43M	-66.63M	-141.18M	-90.63M	0	0	0	0	0	0
Change in Payables	202K	-11.06M	-26.89M	-26.01M	-10.76M	3.06M	-18.48M	-1.23M	-31M	5.2M
Cash from Investing+	-67.21M	-39.16M	-132.5M	-37.81M	-132.79M	-111.05M	-2.65M	-663.26M	-67.87M	-46.54M
Capital Expenditures	-217.25M	-86.09M	-184.11M	-169.28M	-163.78M	-204.34M	-132.83M	-160.57M	-208.6M	-109.54M
CapEx % of Revenue	0.3%	0.14%	0.3%	0.28%	0.27%	0.32%	0.22%	0.17%	0.17%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	150.04M	46.93M	138.34M	131.46M	92.92M	93.29M	0	173.16M	140.73M	63M
Cash from Financing+	-107.33M	-21.34M	-30.17M	-31.89M	-100.44M	-32.74M	-78.14M	359.26M	-120.69M	-112.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.94M	-6.67M	-6.67M	-6.59M	-6.56M	-6.5M	-45.87M	-6.32M	-6.32M	-4.72M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.76M	0	0	-213K	0	-582K	-247K	0	0	-407K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-26.78M	69.69M	-74.58M	-22.73M	-17.41M	-25.49M	-9.22M	34.15M	-43.33M	34.81M
FCF Margin %	-0.04%	0.11%	-0.12%	-0.04%	-0.03%	-0.04%	-0.02%	0.04%	-0.04%	0.03%
FCF Growth %	0.18%	3.6%	-2.07%	0.7%	0.23%	-0.46%	0.64%	4.7%	-2.27%	1.8%
FCF per Share	-0.31	0.84	-0.89	-0.28	-0.21	-0.31	-0.12	0.43	-0.55	0.44
FCF Conversion (FCF/Net Income)	2.61x	2.76x	1.46x	2.02x	2.01x	2.53x	1.56x	1.46x	11.19x	-4.86x
Interest Paid	40K	0	153K	0	929K	0	0	6.38M	22.44M	17.74M
Taxes Paid	24.7M	35.54M	21.91M	12.83M	18.89M	13.66M	38.52M	44.01M	30.14M	15.64M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	15.44%	11.56%	13.91%	12.21%	11.22%	10.05%	10.92%	16.88%	1.72%	-3.52%
Return on Invested Capital (ROIC)	13.29%	14.07%	6.46%	10.19%	8.88%	9.68%	8.65%	7.58%	0.08%	-1.92%
Gross Margin	15.65%	15.37%	11.08%	15.13%	15.66%	17.09%	15.45%	15.48%	6.48%	3.71%
Net Margin	9.92%	9.2%	12.38%	11.9%	12.23%	10.97%	13.05%	13.8%	1.22%	-2.84%
Debt / Equity	-	-	-	-	-	-	-	0.51x	0.37x	0.25x
Interest Coverage	4291.58x	-	215.83x	-	59.82x	-	-	10.69x	0.05x	-1.58x
FCF Conversion	2.61x	2.76x	1.46x	2.02x	2.01x	2.53x	1.56x	1.46x	11.19x	-4.86x
Revenue Growth	-15.49%	-16.76%	-0.91%	0.57%	-2.29%	8.12%	-5.89%	59.4%	24.74%	-13.25%

Frequently Asked Questions

Growth & Financials

Heartland Express, Inc. (HTLD) reported $932.2M in revenue for fiscal year 2024. This represents a 76% increase from $528.6M in 2011.

Heartland Express, Inc. (HTLD) saw revenue decline by 13.2% over the past year.

Heartland Express, Inc. (HTLD) reported a net loss of $35.9M for fiscal year 2024.

Dividend & Returns

Yes, Heartland Express, Inc. (HTLD) pays a dividend with a yield of 0.56%. This makes it attractive for income-focused investors.

Heartland Express, Inc. (HTLD) has a return on equity (ROE) of -3.5%. Negative ROE indicates the company is unprofitable.

Heartland Express, Inc. (HTLD) had negative free cash flow of $31.4M in fiscal year 2024, likely due to heavy capital investments.