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MARKETS / NASDAQ / HTLD
NASDAQ · TRUCKING (NO LOCAL) · MID CAP

Heartland Express Inc. HTLD

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$58.1M
▼ 25.5% YoY
$-52.5M
$-66.9M
▼ 292.0% YoY
In brief

What this company does

The company and its subsidiaries operate as a short, medium, and long-haul truckload carrier and transportation services provider. It primarily provides nationwide asset-based dry van truckload service for major shippers across the United States, along with cross-border freight and Mexico logistics services. Heartland Express was founded by Russell A. Gerdin in 1978 and became publicly traded in November 1986. Over thirty-nine years, from 1986 to 2025, revenues grew from $21.6 million to $805.7 million. The company operates twenty-five terminal facilities throughout the contiguous United States and one in Mexico, in addition to its terminal and corporate headquarters in North Liberty, Iowa. During the year ended December 31, 2025, the company had an average of approximately 4,560 drivers and non-driving personnel, compared to approximately 5,700 in the prior year.

Written from the business description in Heartland Express, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 March 2026. Every sentence was checked against that document before publication.

Growth
USD 58.1M
Revenue, FY2025 · full 18-year series below
Revenue $M Net income $M
FY2025 · Revenue 58.1 · Net income -52.5
400M800M2008201120142017202020232025
Compound annual growth
+4.6%
+32.4%
−22.4%
−13.4%
+0.0%
+0.0%
+0.0%
−15.9%
+38.1%
−12.3%
−14.6%
−11.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +32.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−90 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -98.8% · Net -90.3%
500%2008201120142017202020232025
ROE
FY2025 · ROE -6.6%
10%20%-2%-4%-6%2008201120142017202020232025

Each USD of equity lost 7 cents this year.

Cash & shareholders
USD 16.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -66.9
40.0M80.0M-25.0M-50.0M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 6.2 · Net buybacks 10.4
40M80MDividendsNet buybacks2008201120142017202020232025

USD 6.2M in dividends and USD 10.4M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 1.2B
EquityUSD 755.3M
CashUSD 18.5M
Gross debtUSD 156.0M
Net debtUSD 137.5M
Current ratio1.04×

Net debt stands at 18% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B0.10.10.10.10.00.00.00.00.00.00.70.90.60.50.50.50.50.6
Operating income $B−0.1−0.00.00.20.10.10.10.10.10.10.10.10.10.10.10.10.10.1
EBITDA $B0.10.20.20.30.20.20.20.20.20.20.20.20.20.20.20.20.10.1
Income tax $B−0.0−0.00.00.00.00.00.00.0−0.00.00.00.00.00.00.00.00.00.0
Net income $B−0.1−0.00.00.10.10.10.10.10.10.10.10.10.10.10.10.10.10.1
Free cash flow $B−0.10.0−0.00.0−0.0−0.0−0.0−0.0−0.10.1−0.0−0.0−0.00.0−0.00.10.00.1
EPS, diluted $−0.67−0.380.191.691.000.870.890.880.900.680.840.960.830.710.780.690.62·
Dividend / sh $0.080.080.080.080.580.080.080.080.080.080.080.080.081.080.081.080.080.08
Payout %−12−164355899991210810149101571314
ROE %−6.6−3.51.716.910.910.111.212.213.911.615.419.420.519.520.717.715.719.4
Shares out B0.080.080.080.080.080.080.080.080.080.080.080.090.090.080.090.090.09·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 6 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTrucking (No Local)
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
Data on record since2008

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