Heartland Express Inc (HTLD) Financial Statements
Industry: Trucking (No Local)
In fiscal 2025, Heartland Express reported revenue of $805.7M, down 23.1% from $1.05B the year before. Net income was -$52.5M (a -6.5% net margin), or -$0.67 per diluted share. Gross margin was -7.1% and operating margin was -7.1%. Operating activities generated $89.3M of cash, leaving -$66.9M of free cash flow. At fiscal year end, Heartland Express held $1.19B in total assets against $436.3M in total liabilities, including $18.5M of cash and equivalents.
Open the full interactive Heartland Express financials → Quarterly statements, key ratios, valuation history and price charts.
Heartland Express Key Stats
| Share Price | $10.86 |
|---|---|
| Market Cap | $841.0M |
| Dividend Yield | 0.74% |
| Revenue YoY Growth | -23.1% |
| 52-Week Range | $7.03 – $16.17 |
| Shares Outstanding | 77.4 million (basic, 2026 Q2) |
Heartland Express Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $645.3M | $607.3M | $968.0M | $1.21B | $1.05B | $805.7M |
| Cost of Goods Sold | $551.8M | $501.9M | $779.6M | $1.17B | $1.07B | $863.1M |
| Gross Profit | $93.4M | $105.4M | $188.4M | $42.4M | -$20.2M | -$57.4M |
| Operating Income | $93.4M | $105.4M | $188.4M | $42.4M | -$20.2M | -$57.4M |
| Pre-Tax Income | $94.3M | $106.0M | $181.1M | $19.9M | -$36.7M | -$68.1M |
| Income Tax | $23.5M | $26.8M | $47.5M | $5.1M | -$7.0M | -$15.7M |
| Net Income | $70.8M | $79.3M | $133.6M | $14.8M | -$29.7M | -$52.5M |
| Diluted EPS | $0.87 | $1.00 | $1.69 | $0.19 | -$0.38 | -$0.67 |
Heartland Express Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $196.5M | $179.4M | $176.3M | $184.1M |
| Net Income | -$8.3M | -$19.4M | -$4.8M | $10.6M |
| Diluted EPS | -$0.11 | -$0.25 | -$0.06 | $0.14 |
Heartland Express Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $113.9M | $157.7M | $49.5M | $28.1M | $12.8M | $18.5M |
| Current Assets | $193.0M | $233.2M | $229.8M | $169.3M | $129.4M | $114.6M |
| Total Assets | $951.2M | $928.5M | $1.67B | $1.51B | $1.33B | $1.19B |
| Current Liabilities | $71.0M | $71.6M | $156.8M | $123.5M | $119.6M | $110.2M |
| Total Long-Term Debt | — | — | $413.0M | $300.0M | $200.7M | $159.8M |
| Total Liabilities | $226.8M | $201.4M | $814.0M | $644.4M | $511.6M | $436.3M |
| Shareholders' Equity | $724.3M | $727.1M | $855.5M | $865.3M | $822.6M | $755.3M |
Heartland Express Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $178.8M | $123.4M | $194.7M | $165.3M | $144.3M | $89.3M |
| Cash From Investing | -$111.0M | -$2.6M | -$663.3M | -$67.9M | -$46.5M | -$26.0M |
| Cash From Financing | -$32.7M | -$78.1M | $359.3M | -$120.7M | -$112.7M | -$58.2M |
| Free Cash Flow | -$25.5M | -$9.2M | $34.1M | -$43.3M | $34.8M | -$66.9M |
| Dividends Paid | $6.5M | $45.9M | $6.3M | $6.3M | $6.3M | $6.2M |
Figures from Heartland Express' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Heartland Express financials page for every line item.
Heartland Express Company Profile
| Ticker | HTLD |
|---|---|
| Exchange | Nasdaq |
| Industry | Trucking (No Local) |
| Headquarters | North Liberty, Iowa |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000799233 |
Frequently Asked Questions
What was Heartland Express' revenue in fiscal 2025?
Heartland Express (HTLD) reported revenue of $805.7M for fiscal 2025.
What is Heartland Express' annual revenue history?
Heartland Express' annual revenue by fiscal year: 2020: $645.3M; 2021: $607.3M; 2022: $968.0M; 2023: $1.21B; 2024: $1.05B; 2025: $805.7M.
What was Heartland Express' net income in fiscal 2025?
Heartland Express reported net income of -$52.5M for fiscal 2025.
What was Heartland Express' earnings per share (EPS) in fiscal 2025?
Heartland Express' diluted EPS was -$0.67 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Heartland Express generate in fiscal 2025?
Heartland Express generated -$66.9M of free cash flow in fiscal 2025.
What was Heartland Express' revenue last quarter?
In its most recent reported quarter (2026 Q2), Heartland Express reported revenue of $184.1M.
How much debt does Heartland Express have?
Heartland Express reported $159.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Heartland Express are outstanding?
Heartland Express reported a weighted average of 77.4 million basic shares outstanding in 2026 Q2.
What is Heartland Express' market cap?
Based on its latest closing price, Heartland Express (HTLD) has a market capitalization of about $841.0M.
When does Heartland Express' fiscal year end?
Heartland Express' fiscal year end, as registered with the SEC, is December 31.
Where is Heartland Express headquartered?
Heartland Express lists its business address in North Liberty, Iowa in its SEC filings.