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HTLDHeartland Express, Inc.
$11.68$905M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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Live BreakoutsStock ScreenerOwnership
HTLD logo

Heartland Express, Inc.

HTLD
NASDAQ · Trucking
$11.68
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$905M
P/E-17.4x
52W High$16.64
Volume901.73K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Turnaround Signals Emerge Amid Persistent Revenue Decline

Heartland Express is navigating a prolonged freight recession, with revenue down 12.5% YoY in Q2 2026 and ten consecutive quarters of contraction. However, aggressive cost discipline (SG&A down to $2.0M from $17.0M) and a Q2 EPS beat of $0.14 suggest a potenti...

GrowthDecelerating
ProfitabilityWeak
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

HTLD price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

-146% Peers

P/E is 146% below peer median

03

Market leadership

RS 44 · Lag

Laggard (Underperforming 56% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 30

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HTLD+28.09%
S&P 500 (^GSPC)+12.39%
1-Year Return
HTLD+38.52%
S&P 500 (^GSPC)+15.77%
3-Year Return
HTLD-21.35%
S&P 500 (^GSPC)+75.36%
5-Year Return
HTLD-25.46%
S&P 500 (^GSPC)+71.00%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-17.4x
Forward P/E
63.0x
EV/EBITDA100th %ile
10.8x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-17.4x
16.8x
0th· Low
EV/EBITDA
10.8x
7.1x
100th· High
Price/FCF
N/A
35.5x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$8.94-23.5%
Base (Fair)$13.11-8.2%
Bull$17.84+52.7%
$8.94 Bear$13.11 Base$17.84 Bull
Current Market Price: $11.68
Trades at a 10.9% discount to Base DCF ($13.11)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$806M-23.1% YoY
Net income
-$52M-76.5% YoY
Free cash flow
-$67M-292.0% YoY
Operating margin
-7.7%-5.0 pts YoY
ROIC (TTM)-4.8%
Avg ROIC 5Y-
ROE (TTM)-6.6%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate4/12 (33%)
Revenue Beat Rate2/12 (17%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 30, 2026
$0.14+4720.5%
vs -$0.00
$184M-0.5%
vs $185M
Q2 2026
Apr 23, 2026
-$0.06+53.8%
vs -$0.13
$176M+0.6%
vs $175M
Q1 2026
Feb 3, 2026
-$0.25-257.1%
vs -$0.07
$179M-6.6%
vs $192M
Q4 2025
Oct 31, 2025
-$0.11+0.0%
vs -$0.11
$197M+1.0%
vs $195M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Sep 15, 2026
Heartland Express, Inc. Declares Regular Quarterly Dividend

NORTH LIBERTY, Iowa, Sept. 15, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Heartland Express, Inc. (Nasdaq: HTLD) announced today the declaration of a regular quarterly cash dividend.

GlobeNewsWire·Sep 11, 2026
Heartland Express, Inc. Announces Participation in Upcoming Conference

NORTH LIBERTY, Iowa, Sept. 11, 2026 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (Nasdaq: HTLD) announced that Chris Strain, Chief Financial Officer, will participate at the Morgan Stanley 14th Annual Laguna Conference on Tuesday, September 15, 2026.

GlobeNewsWire·Sep 10, 2026
Heartland Express Inc. Earns 21st Quest for Quality Award

NORTH LIBERTY, Iowa, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (www.heartlandexpress.com) (HTLD) is pleased to announce it has been recognized with Logistics Management Magazine's Quest for Quality Award for the twenty-first time in the last twenty-three years.

Defense World·Aug 30, 2026
BlackRock Inc. Invests $104.52 Million in Heartland Express, Inc. $HTLD

BlackRock Inc. acquired a new stake in Heartland Express, Inc. (NASDAQ: HTLD) in the undefined quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,867,465 shares of the transportation company's stock, valued at approximately $104,523,000. BlackRock Inc. owned approximately 8.86% of Heartland Express at the

Filtered for Heartland Express, Inc.More Headlines
04

Compare before deciding

Benchmark HTLD against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Heartland Express, Inc. (HTLD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HTLD logoHTLDHeartland Express, Inc.Current
$11.68$905.08M-17.43-23.08%-6.51%-6.65%0.69%
WERN logoWERNWerner Enterprises, Inc.
$34.41$2.06B-143.38-1.84%-1.42%-3.31%—
MRTN logoMRTNMarten Transport, Ltd.
$13.17$1.07B62.71-8.31%1.47%1.65%—
SNDR logoSNDRSchneider National, Inc.
$32.22$5.64B54.617.25%1.92%3.68%—
KNX logoKNXKnight-Swift Transportation Holdings Inc.
$67.17$10.91B163.830.8%0.56%0.61%—
JBHT logoJBHTJ.B. Hunt Transport Services, Inc.
$234.63$22.13B38.34-0.73%5.31%18.75%—

Compare HTLD vs Peers

Heartland Express, Inc. (HTLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WERN

Most directly comparable listed peer for HTLD.

Scale Benchmark

vs UPS

Larger-name benchmark to compare HTLD against a more recognizable public peer.

Peer Set

Compare Top 5

vs WERN, MRTN, SNDR, KNX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HTLD SEC Filings & Documents

Heartland Express, Inc. (HTLD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Jun 17, 2026·SEC

Material company update

May 19, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 3, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 10, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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HTLD Frequently Asked Questions

Heartland Express, Inc. (HTLD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Heartland Express, Inc.'s revenue?

Heartland Express, Inc. (HTLD) reported $736.3M in revenue for fiscal year 2025. This represents a 222% increase from $229.0M in 1996.

How fast is Heartland Express, Inc. growing?

Heartland Express, Inc. (HTLD) saw revenue decline by 23.1% over the past year.

Is HTLD profitable?

Heartland Express, Inc. (HTLD) reported a net loss of $22.0M for fiscal year 2025.

Dividend & Returns
Does HTLD pay dividends?

Yes, Heartland Express, Inc. (HTLD) pays a dividend with a yield of 0.69%. This makes it attractive for income-focused investors.

What is HTLD's return on equity?

Heartland Express, Inc. (HTLD) has a return on equity (ROE) of -6.6%. Negative ROE indicates the company is unprofitable.

What is Heartland Express, Inc.'s free cash flow?

Heartland Express, Inc. (HTLD) had negative free cash flow of $85.8M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in HTLD back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →