Symbols / HTLD Stock $12.77 +2.16% Heartland Express, Inc.

Industrials • Trucking • United States • NMS
HTLD (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Trucking
CEO Mr. Michael J. Gerdin
Exch · Country NMS · United States
Market Cap 989.38M
Enterprise Value 1.10B
Income -43.40M
Sales 762.55M
FCF (ttm) —
Book/sh 9.67
Cash/sh 0.57
Employees 3,630
Insider 10d —
IPO Nov 05, 1986
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 42.11%
P/E —
Forward P/E 27.36
PEG 1.68
P/S 1.30
P/B 1.32
P/C —
EV/EBITDA 10.81
EV/Sales 1.44
Quick Ratio 1.09
Current Ratio 1.27
Debt/Eq 20.45
LT Debt/Eq —
EPS (ttm) -0.55
EPS next Y 0.47
EPS Growth —
Revenue Growth -19.70%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-23
Earnings (prior) 2026-04-23
ROA -2.76%
ROE -5.58%
ROIC —
Gross Margin 28.10%
Oper. Margin -6.02%
Profit Margin -5.69%
Shs Outstand 77.48M
Shs Float 58.62M
Insider Own 45.52%
Instit Own 50.44%
Short Float 3.96%
Short Ratio 5.16
Short Interest 1.79M
52W High 13.92
vs 52W High -8.26%
52W Low 7.00
vs 52W Low 82.43%
Beta 1.28
Impl. Vol. 25.00%
Rel Volume 0.83
Avg Volume 459.97K
Volume 379.56K
Target (mean) $11.40
Tgt Median $12.00
Tgt Low $8.00
Tgt High $15.00
# Analysts 5
Recom Hold
Prev Close $12.50
Price $12.77
Change 2.16%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$11.40
Mean price target
2. Current target
$12.77
Latest analyst target
3. DCF / Fair value
$11.40
Proxy: analyst mean price target (no FCF/EPS data available).
Ratings
Current target
$12.77
Low
$8.00
High
$15.00
Mean
$11.40

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-28 main Barclays Underweight → Underweight $12
2026-04-24 main UBS Neutral → Neutral $12
2026-04-24 main JP Morgan Underweight → Underweight $10
2026-04-24 main Baird Outperform → Outperform $15
2026-03-03 main Barclays Underweight → Underweight $10
2026-02-05 main UBS Neutral → Neutral $11
2026-01-15 main Barclays Underweight → Underweight $9
2026-01-05 up Baird Neutral → Outperform $12
2025-12-08 main Morgan Stanley Equal-Weight → Equal-Weight $8
2025-11-03 main Baird Neutral → Neutral $8
2025-10-08 main JP Morgan Underweight → Underweight $9
2025-10-06 main Morgan Stanley Equal-Weight → Equal-Weight $10
2025-08-06 main Barclays Underweight → Underweight $8
2025-08-04 main Morgan Stanley Equal-Weight → Equal-Weight $11
2025-07-28 main Baird Neutral → Neutral $9
2025-05-01 main JP Morgan Underweight → Underweight $9
2025-04-02 main Barclays Underweight → Underweight $9
2024-11-13 main Barclays Underweight → Underweight $11
2024-11-04 main Barclays Underweight → Underweight $10
2024-10-30 main UBS Neutral → Neutral $12
News
RSS: Latest HTLD news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-24 MILLIS DAVID PAUL Officer and Director — 4,866 $0.00 $0
2025-12-01 GERDIN MICHAEL J Chief Executive Officer — 10,000,000 $0.00 $0
2025-12-01 ANN S. GERDIN REVOCABLE TRUST Trustee — 10,000,000 $0.00 $0
2025-10-22 MILLIS DAVID PAUL Officer and Director — 11,947 $0.00 $0
2025-08-18 GERDIN MICHAEL J Chief Executive Officer — 30,000 $8.19 $245,693
2025-05-14 GERDIN MICHAEL J Chief Executive Officer — 5,525,544 $0.00 $0
2025-05-14 PRATT JAMES G Director — 6,571 $8.96 $58,876
2025-05-12 ANN S. GERDIN REVOCABLE TRUST Trustee — 167,644 $8.95 $1,500,045
2025-05-12 HUPFELD AMANDA Director — 2,000 $8.76 $17,520
2025-05-09 GERDIN MICHAEL J Chief Executive Officer — 148,272 $8.50 $1,260,668
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
805.71
-23.08%
1,047.51
-13.25%
1,207.46
+24.74%
968.00
Operating Revenue
805.71
-23.08%
1,047.51
-13.25%
1,207.46
+24.74%
968.00
Cost Of Revenue
738.16
-21.25%
937.35
-11.75%
1,062.18
+38.43%
767.31
Reconciled Cost Of Revenue
738.16
-21.25%
937.35
-11.75%
1,062.18
+38.43%
767.31
Gross Profit
67.54
-38.68%
110.16
-24.18%
145.28
-27.61%
200.69
Operating Expense
129.41
-6.16%
137.90
-4.22%
143.98
+31.81%
109.24
Selling General And Administration
66.45
+10.17%
60.32
+8.12%
55.79
+34.65%
41.43
General And Administrative Expense
66.45
+10.17%
60.32
+8.12%
55.79
+34.65%
41.43
Other Gand A
8.55
-9.47%
9.45
-10.10%
10.51
+50.22%
7.00
Other Operating Expenses
45.66
-20.13%
57.17
-13.89%
66.39
+29.12%
51.42
Total Expenses
867.58
-19.31%
1,075.26
-10.85%
1,206.16
+37.60%
876.54
Operating Income
-61.87
-122.99%
-27.74
-2237.44%
1.30
-98.58%
91.45
Total Operating Income As Reported
-57.41
-183.71%
-20.24
-147.74%
42.38
-77.50%
188.36
EBITDA
102.56
-36.86%
162.43
-33.18%
243.08
-24.67%
322.69
Normalized EBITDA
98.11
-36.67%
154.92
-23.30%
201.99
-10.54%
225.79
Reconciled Depreciation
159.20
-12.30%
181.52
-8.80%
199.04
+49.60%
133.05
EBIT
-56.64
-196.64%
-19.09
-143.35%
44.04
-76.78%
189.65
Total Unusual Items
4.46
-40.66%
7.51
-81.73%
41.09
-57.60%
96.91
Total Unusual Items Excluding Goodwill
4.46
-40.66%
7.51
-81.73%
41.09
-57.60%
96.91
Special Income Charges
4.46
-40.66%
7.51
-81.73%
41.09
-57.60%
96.91
Impairment Of Capital Assets
18.99
0.00
0.00
—
Net Income
-52.45
-76.48%
-29.72
-301.16%
14.78
-88.94%
133.58
Pretax Income
-68.13
-85.76%
-36.67
-284.73%
19.85
-89.04%
181.09
Net Non Operating Interest Income Expense
-10.72
+34.81%
-16.44
+27.04%
-22.53
-210.06%
-7.27
Interest Expense Non Operating
11.49
-34.65%
17.58
-27.31%
24.19
+182.72%
8.55
Net Interest Income
-10.72
+34.81%
-16.44
+27.04%
-22.53
-210.06%
-7.27
Interest Expense
11.49
-34.65%
17.58
-27.31%
24.19
+182.72%
8.55
Interest Income Non Operating
0.77
-32.28%
1.14
-30.94%
1.66
+28.49%
1.29
Interest Income
0.77
-32.28%
1.14
-30.94%
1.66
+28.49%
1.29
Other Income Expense
4.46
-40.66%
7.51
-81.73%
41.09
-57.60%
96.91
Tax Provision
-15.68
-125.44%
-6.95
-236.92%
5.08
-89.31%
47.51
Tax Rate For Calcs
0.00
+21.05%
0.00
-25.72%
0.00
-2.50%
0.00
Tax Effect Of Unusual Items
1.02
-28.17%
1.43
-86.43%
10.51
-58.66%
25.42
Net Income Including Noncontrolling Interests
-52.45
-76.48%
-29.72
-301.16%
14.78
-88.94%
133.58
Net Income From Continuing Operation Net Minority Interest
-52.45
-76.48%
-29.72
-301.16%
14.78
-88.94%
133.58
Net Income From Continuing And Discontinued Operation
-52.45
-76.48%
-29.72
-301.16%
14.78
-88.94%
133.58
Net Income Continuous Operations
-52.45
-76.48%
-29.72
-301.16%
14.78
-88.94%
133.58
Normalized Income
-55.88
-56.08%
-35.80
-126.56%
-15.80
-125.45%
62.10
Net Income Common Stockholders
-52.45
-76.48%
-29.72
-301.16%
14.78
-88.94%
133.58
Diluted EPS
-0.67
-76.32%
-0.38
-300.00%
0.19
-88.76%
1.69
Basic EPS
-0.67
-76.32%
-0.38
-300.00%
0.19
-88.76%
1.69
Basic Average Shares
77.88
-1.09%
78.73
-0.35%
79.01
+0.09%
78.94
Diluted Average Shares
77.94
-1.07%
78.78
-0.38%
79.08
+0.13%
78.97
Diluted NI Availto Com Stockholders
-52.45
-76.48%
-29.72
-301.16%
14.78
-88.94%
133.58
Gain On Sale Of PPE
23.45
+212.28%
7.51
-81.73%
41.09
-57.60%
96.91
Insurance And Claims
57.90
+13.82%
50.87
+12.35%
45.28
+31.48%
34.44
Other Taxes
17.30
-15.25%
20.41
-6.37%
21.80
+33.06%
16.39
Rent Expense Supplemental
51.67
-35.46%
80.06
-29.00%
112.75
+107.69%
54.29
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,191.62
-10.69%
1,334.19
-11.62%
1,509.65
-9.57%
1,669.49
Current Assets
114.60
-11.47%
129.45
-23.53%
169.27
-26.33%
229.78
Cash Cash Equivalents And Short Term Investments
18.48
+44.20%
12.81
-54.44%
28.12
-43.14%
49.46
Cash And Cash Equivalents
18.48
+44.20%
12.81
-54.44%
28.12
-43.14%
49.46
Receivables
75.32
-19.58%
93.65
-17.04%
112.90
-21.03%
142.96
Accounts Receivable
74.17
-19.04%
91.62
-10.82%
102.74
-26.52%
139.82
Gross Accounts Receivable
75.67
-19.34%
93.82
-11.02%
105.44
-26.33%
143.12
Allowance For Doubtful Accounts Receivable
-1.50
+31.82%
-2.20
+18.52%
-2.70
+18.18%
-3.30
Taxes Receivable
1.15
-43.66%
2.03
-79.97%
10.16
+223.57%
3.14
Prepaid Assets
11.63
+11.49%
10.43
-2.08%
10.65
-5.69%
11.29
Other Current Assets
9.18
-26.87%
12.55
-28.68%
17.60
-32.48%
26.07
Total Non Current Assets
1,077.02
-10.60%
1,204.74
-10.12%
1,340.37
-4.81%
1,408.08
Net PPE
668.87
-13.39%
772.27
-14.46%
902.79
-9.20%
994.21
Gross PPE
1,150.34
-10.95%
1,291.85
-3.40%
1,337.35
+2.62%
1,303.15
Accumulated Depreciation
-481.47
+7.33%
-519.57
-19.56%
-434.56
-40.66%
-308.94
Land And Improvements
119.82
-0.47%
120.39
+1.44%
118.68
+26.05%
94.16
Buildings And Improvements
171.51
+13.90%
150.58
+0.54%
149.78
+4.09%
143.90
Machinery Furniture Equipment
6.68
-2.04%
6.82
-0.25%
6.83
-1.60%
6.95
Construction In Progress
1.34
-85.42%
9.19
+255.85%
2.58
-82.87%
15.07
Other Properties
850.99
-15.31%
1,004.87
-5.15%
1,059.47
+1.57%
1,043.08
Goodwill And Other Intangible Assets
392.11
-5.77%
416.12
-1.19%
421.13
+7.23%
392.75
Goodwill
322.60
+0.00%
322.60
+0.00%
322.60
+0.60%
320.68
Other Intangible Assets
69.51
-25.67%
93.52
-5.09%
98.54
+36.71%
72.08
Non Current Deferred Assets
1.35
+43.02%
0.95
-36.68%
1.49
+22.06%
1.22
Non Current Deferred Taxes Assets
1.35
+43.02%
0.95
-36.68%
1.49
+22.06%
1.22
Other Non Current Assets
14.69
-4.69%
15.41
+3.04%
14.95
-24.84%
19.89
Total Liabilities Net Minority Interest
436.30
-14.72%
511.59
-20.61%
644.39
-20.84%
814.01
Current Liabilities
110.16
-7.86%
119.56
-3.17%
123.48
-21.23%
156.76
Payables And Accrued Expenses
78.06
+0.85%
77.40
+1.28%
76.42
-23.45%
99.84
Payables
33.48
-5.35%
35.37
-6.37%
37.78
-39.76%
62.71
Accounts Payable
33.48
-5.35%
35.37
-6.37%
37.78
-39.76%
62.71
Current Accrued Expenses
44.58
+6.07%
42.03
+8.76%
38.65
+4.09%
37.13
Pensionand Other Post Retirement Benefit Plans Current
25.06
-7.19%
27.00
-5.23%
28.49
-8.01%
30.97
Total Tax Payable
—
—
—
—
Income Tax Payable
—
—
—
—
Current Debt And Capital Lease Obligation
7.04
-53.52%
15.16
-18.35%
18.56
-28.46%
25.95
Current Debt
5.71
-36.80%
9.04
-2.82%
9.30
-33.29%
13.95
Other Current Borrowings
5.71
-36.80%
9.04
-2.82%
9.30
-33.29%
13.95
Current Capital Lease Obligation
1.33
-78.25%
6.12
-33.96%
9.26
-22.85%
12.00
Total Non Current Liabilities Net Minority Interest
326.13
-16.81%
392.03
-24.74%
520.91
-20.74%
657.25
Long Term Debt And Capital Lease Obligation
154.38
-20.20%
193.46
-35.27%
298.88
-26.75%
408.01
Long Term Debt
154.06
-19.64%
191.71
-34.05%
290.70
-27.16%
399.06
Long Term Capital Lease Obligation
0.32
-81.90%
1.75
-78.60%
8.18
-8.60%
8.95
Tradeand Other Payables Non Current
5.43
-12.83%
6.23
-0.70%
6.27
-3.03%
6.47
Non Current Deferred Liabilities
133.63
-15.62%
158.37
-16.26%
189.12
-8.86%
207.52
Non Current Deferred Taxes Liabilities
133.63
-15.62%
158.37
-16.26%
189.12
-8.86%
207.52
Stockholders Equity
755.32
-8.18%
822.60
-4.93%
865.26
+1.14%
855.48
Common Stock Equity
755.32
-8.18%
822.60
-4.93%
865.26
+1.14%
855.48
Capital Stock
0.91
+0.00%
0.91
+0.00%
0.91
+0.00%
0.91
Common Stock
0.91
+0.00%
0.91
+0.00%
0.91
+0.00%
0.91
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
90.69
+0.00%
90.69
+0.00%
90.69
+0.00%
90.69
Ordinary Shares Number
77.44
-1.37%
78.52
-0.66%
79.04
+0.07%
78.98
Treasury Shares Number
13.24
+8.82%
12.17
+4.46%
11.65
-0.47%
11.71
Additional Paid In Capital
2.98
-6.17%
3.17
-29.87%
4.53
+8.69%
4.17
Retained Earnings
965.40
-5.73%
1,024.08
-3.40%
1,060.09
+0.80%
1,051.64
Treasury Stock
213.97
+4.09%
205.56
+2.64%
200.27
-0.48%
201.24
Total Equity Gross Minority Interest
755.32
-8.18%
822.60
-4.93%
865.26
+1.14%
855.48
Total Capitalization
909.38
-10.34%
1,014.31
-12.25%
1,155.96
-7.86%
1,254.54
Working Capital
4.44
-55.14%
9.89
-78.41%
45.80
-37.29%
73.03
Invested Capital
915.09
-10.58%
1,023.35
-12.18%
1,165.26
-8.14%
1,268.48
Total Debt
161.42
-22.62%
208.61
-34.28%
317.44
-26.85%
433.96
Net Debt
141.30
-24.82%
187.94
-30.87%
271.88
-25.22%
363.55
Capital Lease Obligations
1.65
-79.06%
7.87
-54.90%
17.44
-16.76%
20.95
Net Tangible Assets
363.21
-10.65%
406.48
-8.48%
444.13
-4.02%
462.73
Tangible Book Value
363.21
-10.65%
406.48
-8.48%
444.13
-4.02%
462.73
Non Current Accrued Expenses
32.70
-3.75%
33.98
+27.54%
26.64
-24.44%
35.26
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
89.31
-38.13%
144.35
-12.66%
165.27
-15.12%
194.71
Cash Flow From Continuing Operating Activities
89.31
-38.13%
144.35
-12.66%
165.27
-15.12%
194.71
Net Income From Continuing Operations
-52.45
-76.48%
-29.72
-301.16%
14.78
-88.94%
133.58
Depreciation Amortization Depletion
159.20
-12.30%
181.52
-8.80%
199.04
+49.60%
133.05
Depreciation And Amortization
159.20
-12.30%
181.52
-8.80%
199.04
+49.60%
133.05
Other Non Cash Items
0.17
-83.38%
1.05
-1.50%
1.07
+196.94%
0.36
Stock Based Compensation
2.16
+107.31%
1.04
-35.80%
1.62
+15.80%
1.40
Asset Impairment Charge
18.99
0.00
0.00
—
Deferred Tax
-25.15
+16.71%
-30.20
-67.02%
-18.08
-849.63%
2.41
Deferred Income Tax
-25.15
+16.71%
-30.20
-67.02%
-18.08
-849.63%
2.41
Operating Gains Losses
-23.45
-212.28%
-7.51
+81.73%
-41.09
+57.60%
-96.91
Gain Loss On Sale Of PPE
-23.45
-212.28%
-7.51
+81.73%
-41.09
+57.60%
-96.91
Change In Working Capital
9.85
-65.04%
28.16
+255.03%
7.93
-61.90%
20.82
Change In Receivables
17.45
+56.91%
11.12
-70.01%
37.08
+85.09%
20.03
Changes In Account Receivables
17.45
+56.91%
11.12
-70.01%
37.08
+85.09%
20.03
Change In Prepaid Assets
1.82
-51.57%
3.76
-58.50%
9.06
+972.78%
0.84
Change In Payables And Accrued Expense
-9.43
-170.98%
13.28
+134.75%
-38.21
-62542.62%
-0.06
Change In Payable
-9.43
-170.98%
13.28
+134.75%
-38.21
-62542.62%
-0.06
Change In Account Payable
-9.51
-282.96%
5.20
+116.78%
-31.00
-2426.32%
-1.23
Change In Other Working Capital
—
—
-7.21
-718.70%
1.17
Investing Cash Flow
-26.00
+44.13%
-46.54
+31.43%
-67.87
+89.77%
-663.26
Cash Flow From Continuing Investing Activities
-26.00
+44.13%
-46.54
+31.43%
-67.87
+89.77%
-663.26
Net PPE Purchase And Sale
-26.25
+43.60%
-46.54
+34.70%
-71.28
-685.10%
12.18
Purchase Of PPE
-156.17
-42.57%
-109.54
+47.49%
-208.60
-29.91%
-160.57
Sale Of PPE
129.92
+106.24%
62.99
-54.13%
137.32
-20.51%
172.75
Capital Expenditure
-156.17
-42.57%
-109.54
+47.49%
-208.60
-29.91%
-160.57
Net Business Purchase And Sale
—
0.00
0.00
+100.00%
-675.85
Purchase Of Business
—
0.00
0.00
+100.00%
-675.85
Net Other Investing Changes
0.25
+6175.00%
0.00
-99.88%
3.41
+729.68%
0.41
Financing Cash Flow
-58.15
+48.41%
-112.71
+6.61%
-120.69
-133.59%
359.26
Cash Flow From Continuing Financing Activities
-58.15
+48.41%
-112.71
+6.61%
-120.69
-133.59%
359.26
Net Issuance Payments Of Debt
-41.15
+58.97%
-100.30
+12.07%
-114.08
-131.18%
365.87
Issuance Of Debt
—
0.00
0.00
-100.00%
447.34
Repayment Of Debt
-41.15
+58.97%
-100.30
+12.07%
-114.08
-40.01%
-81.48
Long Term Debt Issuance
—
0.00
0.00
-100.00%
447.34
Long Term Debt Payments
-41.15
+58.97%
-100.30
+12.07%
-114.08
-40.01%
-81.48
Net Long Term Debt Issuance
-41.15
+58.97%
-100.30
+12.07%
-114.08
-131.18%
365.87
Net Common Stock Issuance
-10.39
-42.77%
-7.28
0.00
0.00
Common Stock Payments
-10.39
-42.77%
-7.28
0.00
0.00
Common Stock Dividend Paid
-6.24
-32.24%
-4.72
+25.32%
-6.32
-0.06%
-6.32
Cash Dividends Paid
-6.24
-32.24%
-4.72
+25.32%
-6.32
-0.06%
-6.32
Repurchase Of Capital Stock
-10.39
-42.77%
-7.28
0.00
0.00
Net Other Financing Charges
-0.36
+10.32%
-0.41
-40.34%
-0.29
+0.00%
-0.29
Changes In Cash
5.16
+134.63%
-14.90
+36.01%
-23.29
+78.69%
-109.29
Beginning Cash Position
26.28
-36.19%
41.19
-36.12%
64.48
-62.89%
173.77
End Cash Position
31.45
+19.64%
26.28
-36.19%
41.19
-36.12%
64.48
Free Cash Flow
-66.85
-292.04%
34.81
+180.34%
-43.33
-226.90%
34.15
Interest Paid Supplemental Data
12.16
-31.46%
17.74
-20.95%
22.44
+251.57%
6.38
Income Tax Paid Supplemental Data
9.30
-40.53%
15.64
-48.09%
30.14
-31.53%
44.01
Change In Income Tax Payable
0.09
-98.90%
8.08
+211.99%
-7.21
-718.70%
1.17
Change In Tax Payable
0.09
-98.90%
8.08
+211.99%
-7.21
-718.70%
1.17
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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