Heartland Express, Inc. (HTLD) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Trucking
EV/EBITDA
↑
12.96
↑+76% vs avg
5yr avg: 7.35
30Y Low6.9·High13.7
P/FCF
↓
N/A
—
5yr avg: 30.43
30Y Low11.1·High121.6
P/B Ratio
↓
1.49
+13% vs avg
5yr avg: 1.31
30Y Low0.9·High5.9
ROE
↓
-6.6%
↑-272% vs avg
5yr avg: 3.9%
30Y Low-7%·High23%
Debt/EBITDA
↓
1.66
+2% vs avg
5yr avg: 1.63
30Y Low0.1·High1.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HTLD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Heartland Express, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $704M | $884M | $1.1B | $1.2B | $1.3B | $1.5B | $1.7B | $1.5B | $1.9B | $1.7B |
| Enterprise Value | $1.3B | $847M | $1.1B | $1.4B | $1.6B | $1.2B | $1.4B | $1.6B | $1.3B | $1.9B | $1.6B |
| P/E Ratio → | -21.55 | — | — | 75.05 | 9.08 | 16.82 | 20.80 | 23.65 | 20.80 | 25.93 | 29.94 |
| P/S Ratio | 1.39 | 0.87 | 0.84 | 0.93 | 1.25 | 2.21 | 2.28 | 2.89 | 2.47 | 3.20 | 2.77 |
| P/B Ratio | 1.49 | 0.93 | 1.07 | 1.30 | 1.42 | 1.84 | 2.04 | 2.52 | 2.45 | 3.38 | 3.36 |
| P/FCF | — | — | 25.39 | — | 35.48 | — | — | — | — | — | 24.35 |
| P/OCF | 12.52 | 7.88 | 6.12 | 6.82 | 6.22 | 10.85 | 8.24 | 11.80 | 10.29 | 17.76 | 10.90 |
P/E links to full P/E history page with 30-year chart
HTLD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Heartland Express, Inc.'s enterprise value stands at 13.0x EBITDA, 76% above its 5-year average of 7.4x. The Industrials sector median is 13.9x, placing the stock at a 7% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.05 | 1.03 | 1.17 | 1.65 | 1.95 | 2.11 | 2.76 | 2.20 | 3.08 | 2.56 |
| EV / EBITDA | 12.96 | 8.70 | 7.02 | 7.07 | 7.11 | 6.87 | 7.21 | 10.11 | 8.14 | 13.22 | 8.62 |
| EV / EBIT | — | — | — | 32.17 | 8.42 | 11.14 | 14.42 | 16.80 | 14.65 | 28.91 | 18.23 |
| EV / FCF | — | — | 31.01 | — | 46.74 | — | — | — | — | — | 22.51 |
HTLD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Heartland Express, Inc. earns an operating margin of -7.7%, below the Industrials sector average of 4.3%. Operating margins have compressed from 0.1% to -7.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -6.6% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -0.9% | -0.9% | 3.7% | 6.5% | 15.5% | 15.4% | 17.1% | 15.7% | 15.1% | 11.1% | 15.4% |
| Operating Margin | -7.7% | -7.7% | -2.6% | 0.1% | 9.4% | 11.2% | 12.2% | 10.5% | 10.6% | 6.2% | 12.5% |
| Net Profit Margin | -6.5% | -6.5% | -2.8% | 1.2% | 13.8% | 13.1% | 11.0% | 12.2% | 11.9% | 12.4% | 9.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.6% | -6.6% | -3.5% | 1.7% | 16.9% | 10.9% | 10.1% | 11.2% | 12.2% | 13.9% | 11.6% |
| ROA | -4.2% | -4.2% | -2.1% | 0.9% | 10.3% | 8.4% | 7.7% | 8.6% | 9.1% | 9.8% | 7.6% |
| ROIC | -4.8% | -4.8% | -1.9% | 0.1% | 7.6% | 8.6% | 9.7% | 8.9% | 10.2% | 6.5% | 14.1% |
| ROCE | -5.4% | -5.4% | -2.1% | 0.1% | 7.7% | 7.8% | 9.2% | 8.0% | 8.9% | 5.4% | 11.4% |
HTLD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Heartland Express, Inc. carries a Debt/EBITDA ratio of 1.7x, which is manageable (49% below the sector average of 3.2x). Net debt stands at $143M ($161M total debt minus $18M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.25 | 0.37 | 0.51 | — | — | — | — | — | — |
| Debt / EBITDA | 1.66 | 1.66 | 1.36 | 1.58 | 1.93 | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.19 | 0.24 | 0.33 | 0.45 | -0.22 | -0.16 | -0.11 | -0.26 | -0.13 | -0.25 |
| Net Debt / EBITDA | 1.47 | 1.47 | 1.27 | 1.44 | 1.71 | -0.92 | -0.61 | -0.47 | -0.98 | -0.53 | -0.71 |
| Debt / FCF | — | — | 5.62 | — | 11.26 | — | — | — | — | — | -1.84 |
| Interest Coverage | -4.93 | -4.93 | -1.09 | 1.82 | 22.17 | — | — | 93.37 | — | 369.56 | — |
HTLD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.04x means Heartland Express, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.37x to 1.04x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.04 | 1.04 | 1.08 | 1.37 | 1.47 | 3.26 | 2.72 | 2.39 | 3.59 | 2.27 | 3.08 |
| Quick Ratio | 1.04 | 1.04 | 1.08 | 1.37 | 1.47 | 3.26 | 2.72 | 2.39 | 3.59 | 2.27 | 3.08 |
| Cash Ratio | 0.17 | 0.17 | 0.11 | 0.23 | 0.32 | 2.20 | 1.62 | 1.21 | 2.50 | 1.00 | 1.96 |
| Asset Turnover | — | 0.68 | 0.79 | 0.80 | 0.58 | 0.65 | 0.68 | 0.66 | 0.76 | 0.77 | 0.83 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 34.12 | 32.63 | 34.13 | 53.90 | 34.20 | 31.44 | 34.91 | 29.36 | 42.48 | 30.72 |
HTLD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Heartland Express, Inc. returns 1.5% to shareholders annually — split between a 0.6% dividend yield and 0.9% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.9% | 0.5% | 0.6% | 0.5% | 3.4% | 0.4% | 0.4% | 0.4% | 0.3% | 0.4% |
| Payout Ratio | — | — | — | 42.8% | 4.7% | 57.9% | 9.2% | 9.0% | 9.1% | 8.9% | 11.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 1.3% | 11.0% | 5.9% | 4.8% | 4.2% | 4.8% | 3.9% | 3.3% |
| FCF Yield | — | — | 3.9% | — | 2.8% | — | — | — | — | — | 4.1% |
| Buyback Yield | 0.9% | 1.5% | 0.8% | 0.0% | 0.0% | 2.4% | 1.7% | 0.0% | 1.7% | 0.0% | 0.9% |
| Total Shareholder Yield | 1.5% | 2.4% | 1.4% | 0.6% | 0.5% | 5.8% | 2.2% | 0.4% | 2.1% | 0.4% | 1.3% |
| Shares Outstanding | — | $78M | $79M | $79M | $79M | $80M | $81M | $82M | $82M | $83M | $83M |
Peer Comparison
Compare HTLD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HTLDYou | $1B | -21.6 | 13.0 | — | -0.9% | -7.7% | -6.6% | -4.8% | 1.7 |
 WERN | $2B | -169.5 | 8.8 | — | 5.8% | 2.3% | -1.0% | 2.5% | 2.1 |
 MRTN | $1B | 80.2 | 11.5 | — | 5.7% | 1.2% | 2.3% | 1.1% | 0.0 |
 SNDR | $6B | 60.5 | 10.7 | 18.0 | 5.3% | 3.0% | 3.4% | 3.7% | 0.9 |
 KNX | $12B | 180.8 | 14.1 | 15.8 | 28.3% | 3.4% | 0.9% | 2.0% | 2.8 |
 JBHT | $26B | 44.3 | 17.2 | 27.1 | 10.5% | 7.2% | 15.8% | 12.0% | 0.9 |
 ODFL | $46B | 45.8 | 26.7 | 48.2 | 32.2% | 24.8% | 23.9% | 23.6% | 0.1 |
 SAIA | $12B | 45.7 | 20.0 | 424.5 | 23.7% | 10.9% | 10.4% | 9.4% | 0.7 |
 ARCB | $3B | 55.2 | 14.5 | 28.2 | 2.3% | 2.3% | 4.6% | 3.9% | 2.6 |
 CHRW | $22B | 38.3 | 26.1 | 24.5 | 8.4% | 4.9% | 32.9% | 18.0% | 1.8 |
 PCAR | $63B | 26.4 | 14.1 | 20.7 | 16.2% | 10.4% | 12.9% | 12.2% | — |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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HTLD — Frequently Asked Questions
Quick answers to the most common questions about buying HTLD stock.
What is Heartland Express, Inc.'s P/E ratio?
Heartland Express, Inc.'s current P/E ratio is -21.6x. The historical average is 23.5x.
What is Heartland Express, Inc.'s EV/EBITDA?
Heartland Express, Inc.'s current EV/EBITDA is 13.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.4x.
What is Heartland Express, Inc.'s ROE?
Heartland Express, Inc.'s return on equity (ROE) is -6.6%. The historical average is 15.1%.
Is HTLD stock overvalued?
Based on historical data, Heartland Express, Inc. is trading at a P/E of -21.6x. Compare with industry peers and growth rates for a complete picture.
What is Heartland Express, Inc.'s dividend yield?
Heartland Express, Inc.'s current dividend yield is 0.55%.
What are Heartland Express, Inc.'s profit margins?
Heartland Express, Inc. has -0.9% gross margin and -7.7% operating margin.
How much debt does Heartland Express, Inc. have?
Heartland Express, Inc.'s Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.