HTLDNasdaqTrucking (No Local)Fiscal year ends December 31
HEARTLAND EXPRESS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$10.53−0.42 (-3.84%)
Close on Oct 19, 2026
- Market cap
- $815.41M
- P/E (TTM)
- –
- Dividend yield
- 0.76%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
-7.1%−21.6 pts over 5 years
Net margin
-6.5%−17.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -23.1% | -5.9% | +4.5% | +0.9% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | 0.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.6% | 10.1% | -6.6% | |
| Return on assets | 7.6% | 7.7% | -4.2% | |
| Current ratio | 3.08 | 2.72 | 1.04 | |
| Debt to equity | – | – | 0.21 | |
| Net debt to EBITDA | – | – | 1.39× | |
| Interest coverage | – | – | -5.0× | |
| Capex to revenue | 14.0% | 31.7% | 19.4% | |
| Diluted shares | 83M | 81M | 78M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Heartland Express generated $717.06M from operations and spent $888.21M on capital expenditure, dividends and share buybacks. 86% of that went back into the business.
Generated
$717.06M
Used
$888.21M
Capital expenditure$767.51M86%Dividends$71.00M8%Share buybacks$49.70M6%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-6.5%
×Asset turnover0.64×
×Equity multiplier1.60×
=Return on equity, FY2025-6.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -6.5% | 0.64× | 1.60× | -6.6% |
| FY2024 | -2.8% | 0.74× | 1.68× | -3.5% |
| FY2023 | 1.2% | 0.76× | 1.85× | 1.7% |
| FY2022 | 13.8% | 0.75× | 1.64× | 16.9% |
| FY2021 | 13.1% | 0.65× | 1.30× | 10.9% |
| FY2020 | 11.0% | 0.70× | 1.31× | 10.1% |
| FY2019 | 12.2% | 0.70× | 1.31× | 11.2% |
| FY2018 | 11.9% | 0.77× | 1.34× | 12.2% |
| FY2017 | 12.4% | 0.80× | 1.41× | 13.9% |
| FY2016 | 9.2% | 0.83× | 1.51× | 11.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$52.45M
- Cash generatingOperating cash flow above zero$89.31M
- Return on assets improvedROA up on the prior year-2.0% → -3.9%
- Earnings backed by cashOperating cash flow above net income$89.31M vs -$52.45M
- Less leverageLong-term debt to assets fell14.4% → 12.9%
- Better liquidityCurrent ratio rose1.08 → 1.04
- No dilutionShare count did not rise79M → 78M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.69 → 0.60