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Heartland Express(NASDAQ) HTLD

Market Cap$947.70MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1986)+4,317%
5 Year-24%
1 Year+58%
1 Month-19%
$12.20
-4.16%
-0.53Today
After hours$12.22+$0.02 (+0.16%)
Heartland Express last closing stock price
MetricPriceDate
Last closeUSD 12.232026-07-31
Heartland Express stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-14.36%USD 14.282026-07-24
1 month-19.33%USD 15.162026-07-01
3 month-9.08%USD 13.452026-05-01
Year to date+35.9%USD 9.002025-12-31
1 year+57.64%USD 7.762025-07-31
3 year-20.22%USD 15.332023-08-01
5 year-23.63%USD 16.012021-07-30
Since inception+4,317.22%USD 0.291986-11-05

Heartland Express Financials at a Glance

Market Cap

$947.70MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$736.28M

Net Income (TTM)

-$21.96M

EPS (TTM)

-$0.28

P/E Ratio

-43.14

Dividend

$0.08

Beta (Volatility)

0.74 (Low)

Price

$12.20

Volume

861,919.093

Open

$12.62

Previous Close

$12.23

Daily Range

$12.16 - $12.77

52-Week Range

$7.00 - $16.64

Estimated Earnings Date

Oct 29, 2026

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About Heartland Express

Heartland Express moves goods across North America using large trucks. They haul non-perishable items like clothes and home appliances. Their services keep store shelves full for many everyday shoppers.

Hauling Goods Across Borders

  • Dry Van Service: Transporting non-perishable cargo in standard enclosed trailers for major retailers and manufacturers.
  • Temperature-Controlled Transport: Shipping goods in refrigerated trailers that require specific climate settings to stay fresh.
  • Mexico Logistics: Managing cross-border freight movements through dedicated facilities and third-party partnerships in Mexico.
  • Driver Training: Operating specialized schools to help new drivers earn a Commercial Driver's License, also known as a CDL.

A History of Growth

  • Acquired Smith Transport on May 31, 2022, to strengthen its presence in regional shipping markets.
  • Purchased CFI on August 31, 2022, adding significant truck capacity and cross-border capabilities.
  • Integrated and rebranded the U.S. operations of CFI into the main brand on December 31, 2025.
  • Merged Franklin Logistics into Smith Transport at the end of 2024 to simplify its corporate structure.

What Makes Heartland Stand Out

The company operates 26 terminal facilities located near the 30 largest metropolitan areas in the United States. Heartland maintains one of the youngest truck fleets in the industry to improve safety and lower fuel costs.

Checking the Financial Pulse

  • Revenue reached $176.3 million in Q1 2026, down 19.7% from $219.4 million in Q1 2025.
  • Net income was a loss of $4.8 million in Q1 2026, which narrowed from a $13.9 million loss.
  • Operating income improved to a loss of $10.6 million in Q1 2026 from a $16.7 million loss.
  • Gross profit turned positive at $206,000 in Q1 2026, up 113% from a loss the previous year.
  • Fuel expenses totaled $135.2 million in 2025, making up roughly 16% of total operating costs.

The Path Forward

Heartland has transformed from a local carrier into a major nationwide provider through large acquisitions and fleet modernization. While the recent freight market has been difficult, the company is focused on integrating its new businesses to return to profitability.

AI Generated • May 2, 2026

Industry

Road and Rail

CEO

Michael J. Gerdin, CPA

Headquarters

North Liberty, IA 52317, US

HTLD Financials

Key Financial Metrics (TTM)

Gross Margin

7.49%

Operating Margin

-6.67%

Net Income Margin

-2.98%

Return on Equity

-2.89%

Return on Capital

-6.75%

Return on Assets

-1.87%

Earnings Yield

-2.32%

Dividend Yield

0.65%

Payout Ratio

-28.33%

Stock Overview

Market Cap

$947.70MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

77.49M

Volume

861.92K

Avg. Volume

639.58K

Financials (TTM)

Gross Profit

$55.14M

Operating Income

-$49.10M

EBITDA

$102.33M

Operating Cash Flow

$86.62M

Capital Expenditure

-$150.63M

Free Cash Flow

-$64.01M

Cash & ST Invst.

$62.39M

Total Debt

$146.40M

Heartland Express Performance Analysis

Heartland Express annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 967,996,00059.4%
20232023-12-31USD 1,207,458,00024.7%
20242024-12-31USD 1,047,511,000-13.2%
20252025-12-31USD 805,709,000-23.1%
Heartland Express sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-6.6%
Q42025-12-31-8.7%
Q12026-03-31-1.7%
Q22026-06-304.5%
Heartland Express annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.6969.9%
20232023-12-31USD 0.19-89.0%
20242024-12-31USD -0.38N/A
20252025-12-31USD -0.6778.4%
Heartland Express sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3021.4%
Q42025-12-31-127.3%
Q12026-03-3175.1%
Q22026-06-30325.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$184.13M

-12.5%

Gross Profit

$3.01M

-82.6%

Gross Margin

1.64%

N/A

Market Cap

$947.70MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$261.07K

N/A

Employees

3,630

N/A

Net Income

$10.58M

+197.5%

EBITDA

$23.80M

-18.6%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$62.39M

+172.7%

Total Debt

$146.40M

-26.2%

Accounts Receivable

$76.66M

-12.7%

Inventory

$0.00

N/A

Long Term Debt

$143.20M

-22.1%

Short Term Debt

$3.20M

-78.1%

Return on Assets

-1.87%

N/A

Return on Invested Capital

-4.64%

N/A

Free Cash Flow

$5.13M

+124.7%

Operating Cash Flow

$23.15M

-10.4%

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Questions About HTLD

What is the current price of Heartland Express?

Heartland Express is trading at $12.23 per share.

What is the 52-week range for Heartland Express?

Over the past 52 weeks, Heartland Express has traded between $7.00 and $16.64.

How much debt does Heartland Express have?

As of the most recent reporting period, Heartland Express reported total debt of $146.40M.

How much cash does Heartland Express have on hand?

Heartland Express reported $62.39M in cash and cash equivalents in its most recent financial results.

What is Heartland Express’s dividend yield?

Heartland Express currently has a dividend yield of 0.65%.

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