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Heartland Express, Inc., together with its subsidiaries, provides short, medium, and long-haul truckload carrier and transportation services in the United States, Mexico, and Canada. It primarily provides nationwide asset-based dry van truckload services for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services. The company offers its services under the Heartland Express, Millis Transfer, Smith Transport, and CFI brand names. It primarily serves retailers, manufacturers, and parcel carriers in the consumer goods, appliances, food products, and automotive industries. The company was founded in 1978 and is headquartered in North Liberty, Iowa.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $806M | $103M | $-52M | $-67M | -6.9% | -23.1% | 76.5% |
| 2024 | $1.0B | $162M | $-30M | $35M | -3.6% | -13.2% | -301.2% |
| 2023 | $1.2B | $243M | $15M | $-43M | 1.7% | 24.7% | -88.9% |
| 2022 | $968M | $323M | $134M | $34M | 15.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 805.71 |
| Operating Revenue | 805.71 |
| Cost Of Revenue | 738.16 |
| Gross Profit | 67.54 |
| Operating Expense | 129.41 |
| Selling General And Administration | 66.45 |
| Total Expenses | 867.58 |
| Operating Income | -61.87 |
| Total Operating Income As Reported | -57.41 |
| EBITDA | 102.56 |
| Normalized EBITDA | 98.10 |
| EBIT | -56.64 |
| Interest Income | 0.77 |
| Interest Expense | 11.49 |
| Net Interest Income | -10.72 |
| Other Income Expense | 4.46 |
| Interest Income Non Operating | 0.77 |
| Interest Expense Non Operating | 11.49 |
| Net Non Operating Interest Income Expense | -10.72 |
| Pretax Income | -68.13 |
| Tax Provision | -15.68 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 1.02 |
| Net Income Continuous Operations | -52.45 |
| Net Income From Continuing And Discontinued Operation | -52.45 |
| Net Income From Continuing Operation Net Minority Interest | -52.45 |
| Net Income | -52.45 |
| Net Income Common Stockholders | -52.45 |
| Net Income Including Noncontrolling Interests | -52.45 |
| Normalized Income | -55.88 |
| Diluted NI Availto Com Stockholders | -52.45 |
| Basic Average Shares | 77.88 |
| Diluted Average Shares | 77.94 |
| Reconciled Depreciation | 159.20 |
| Reconciled Cost Of Revenue | 738.16 |
| Total Unusual Items | 4.46 |
| Total Unusual Items Excluding Goodwill | 4.46 |
| Special Income Charges | 4.46 |
| Impairment Of Capital Assets | 18.99 |
| General And Administrative Expense | 66.45 |
| Other Gand A | 8.55 |
| Gain On Sale Of Ppe | 23.45 |
| Insurance And Claims | 57.90 |
| Rent Expense Supplemental | 51.67 |
| Other Operating Expenses | 45.66 |
| Other Taxes | 17.30 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Heartland Express, Inc.this co. | HTLD | $1.2B | - | 1.62 | -6.9% | 13.29 |
| Insperity, Inc. | NSP | $1.3B | -182.50 | 27.77 | -15.2% | 16.47 |
| Distribution Solutions Group, Inc. | DSGR | $1.3B | 153.06 | 1.97 | 1.3% | 13.07 |
| ICF International, Inc. | ICFI | $1.2B | 13.60 | 1.21 | 8.9% | 9.01 |
| Satellogic Inc. | SATL | $1.2B |
| - |
| - |
| - |
| - |
| - |
| - |
| -252.29 |
| 19.94 |
| -7.9% |
| 322.72 |
| Graham Corporation | GHM | $1.2B | 97.74 | 10.00 | 10.2% | 55.89 |
| Lindsay Corporation | LNN | $1.2B | 16.11 | 2.24 | 13.9% | 9.19 |
| Astec Industries, Inc. | ASTE | $1.2B | 30.56 | 1.74 | 5.7% | 13.55 |
| Global Industrial Company | GIC | $1.2B | 16.22 | 3.73 | 23.0% | 11.44 |
| Peer Median | - | 16.16 | 2.99 | 7.3% | 13.31 | |