Heartland Express HTLD

$ 10.39 -1.33%

Quarterly report 2026-Q3
added 11-06-2026

Heartland Express Income Statement 2025-2007 | HTLD

Brief overview of income trends at Heartland Express

This overview is based on financial performance over the past five years. Revenue at Heartland Express moved from $645 million in 2020 to $806 million in 2025. Overall revenue changed by +24.9%, equal to an annualized rate of about 4.5%. The scale of the core business was largely unchanged.

At the gross-profit level, the result moved from $376 million to $477 million, a change of +26.8%. The relationship between revenue and direct costs remained stable. Gross margin moved from 58.2% to 59.1%. Gross profitability remained broadly stable.

The five-year EBITDA result moved by −50.1%: from 204 million dollars to 102 million dollars. The operating result developed less favorably than sales. At the operating-margin level, the figure shifted from 31.6% to 12.6%. The business retained less EBITDA from each unit of revenue.

Across the five years, the net result shifted from 70.8 million dollars to −52.5 million dollars. The move from profit to loss indicates a material deterioration in final efficiency.

The market value of the business moved from $1.5 billion to $672 million, or −55.9%. Financial performance is stronger than the share-price trend.

Conclusion

The results contain several connected negative signals. The strongest signals are steady gross profitability. Caution is warranted because of limited revenue growth, a weaker market valuation and lower net income. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement Heartland Express

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Market Cap	672 M	906 M	1.02 B	1.29 B	1.19 B	1.52 B	1.57 B	1.68 B	1.88 B	1.71 B	1.49 B	2.25 B	1.82 B	1.18 B	1.33 B	1.37 B	1.48 B	1.46 B	-
Shares	77.9 M	78.7 M	79 M	78.9 M	79.6 M	81.4 M	82 M	82.4 M	83.3 M	83.3 M	87 M	87.7 M	85.2 M	85.9 M	89.7 M	90.7 M	91.1 M	95.9 M	-
Historical Prices	8.63	11.5	12.9	16.3	15	18.7	18.6	19.8	22.3	20.2	16.8	25	20.4	12.4	13.2	15.1	16.2	15.2	16.8
Net Income	-52.5 M	-29.7 M	14.8 M	134 M	79.3 M	70.8 M	73 M	72.7 M	75.2 M	56.4 M	73.1 M	84.8 M	70.6 M	61.5 M	69.9 M	62.2 M	56.9 M	70 M	-
Revenue	806 M	1.05 B	1.21 B	968 M	607 M	645 M	597 M	611 M	607 M	613 M	736 M	871 M	582 M	546 M	529 M	500 M	460 M	626 M	-
Cost of Revenue	329 M	428 M	475 M	346 M	250 M	269 M	240 M	228 M	237 M	232 M	277 M	278 M	179 M	167 M	167 M	168 M	169 M	198 M	-
Gross Profit	477 M	620 M	733 M	622 M	357 M	376 M	108 M	110 M	86.2 M	119 M	138 M	154 M	117 M	112 M	326 M	332 M	291 M	428 M	-
Operating Income	-57.4 M	-20.2 M	42.4 M	188 M	105 M	93.4 M	94.3 M	89.8 M	63.5 M	85.6 M	117 M	132 M	112 M	94.9 M	107 M	91.4 M	79 M	97.9 M	-
EBITDA	102 M	161 M	241 M	321 M	210 M	204 M	164 M	166 M	141 M	182 M	193 M	208 M	149 M	138 M	164 M	153 M	138 M	144 M	-
Operating Expenses	534 M	640 M	690 M	433 M	252 M	282 M	44.7 M	44.8 M	49.3 M	42.3 M	56.2 M	55.7 M	37.6 M	32.5 M	220 M	240 M	212 M	330 M	-
General and Administrative Expenses	-	-	-	-	-	-	22 M	23.3 M	24.6 M	28.9 M	27.6 M	24.4 M	18.4 M	17.9 M	194 M	-	-	-	-

All numbers in USD currency

Quarterly Income Statement Heartland Express

	2026-Q3	2026-Q2	2026-Q1	2025-Q4	2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1	2010-Q4	2010-Q3	2010-Q2
Shares	77.3 M	77.4 M	77.5 M	-147 K	77.5 M	78.1 M	78.5 M	-81 K	78.5 M	78.9 M	79 M	7 K	79 M	79 M	79 M	8 K	78.9 M	78.9 M	78.9 M	-222 K	79.3 M	79.9 M	80.2 M	-142 K	81.4 M	81.4 M	81.9 M	15 K	82 M	82 M	81.9 M	-152 K	82 M	82.3 M	83.3 M	2 K	83.3 M	83.3 M	83.3 M	-4 K	83.3 M	83.2 M	83.4 M	-689 K	87.4 M	87.8 M	87.8 M	11 K	87.8 M	87.7 M	87.7 M	87.7 M	84.8 M	84.8 M	84.8 M	-297 K	85.6 M	86.5 M	86.5 M	-844 K	90.1 M	90.7 M	90.7 M	-	90.7 M	90.7 M
Net Income	959 K	10.6 M	-4.82 M	-19.4 M	-8.28 M	-10.9 M	-13.9 M	-1.85 M	-9.28 M	-3.48 M	-15.1 M	5.1 M	-10.7 M	7.77 M	12.6 M	15.5 M	24.4 M	76.9 M	16.8 M	20.3 M	24.5 M	20.7 M	13.7 M	17.7 M	20.7 M	19.2 M	13.2 M	12.8 M	20.5 M	22.4 M	17.3 M	22.4 M	19.1 M	17.8 M	13.4 M	38.6 M	7.92 M	14.6 M	14 M	13.1 M	12.5 M	16.4 M	14.4 M	17 M	15.1 M	23.3 M	17.6 M	21.5 M	22.7 M	26.5 M	14.1 M	15.8 M	15.9 M	19.1 M	19.7 M	14.3 M	12.4 M	18.2 M	16.6 M	17.1 M	15.4 M	22.5 M	14.9 M	15.4 M	18.3 M	16.7 M
Revenue	13.4 M	15 M	15.7 M	14 M	13.5 M	14.7 M	15.8 M	19.4 M	18.4 M	20 M	20.1 M	23.1 M	22.4 M	24.7 M	24.6 M	27.4 M	15.7 M	4.3 M	3.2 M	2.8 M	2.7 M	2.8 M	3.1 M	156 M	3.6 M	3.4 M	3.5 M	167 M	3.5 M	2.7 M	2.8 M	147 M	3.2 M	3.6 M	4.3 M	166 M	10.7 M	130 M	130 M	140 M	149 M	161 M	163 M	175 M	183 M	192 M	188 M	203 M	217 M	227 M	224 M	183 M	131 M	134 M	134 M	136 M	135 M	140 M	135 M	131 M	133 M	137 M	128 M	129 M	127 M	127 M
Cost of Revenue	65.9 M	69.1 M	69.1 M	71.5 M	77.3 M	87.2 M	93.2 M	97.5 M	107 M	110 M	113 M	112 M	119 M	120 M	123 M	124 M	97.4 M	65.9 M	58.6 M	59.6 M	62.7 M	62.9 M	64.8 M	63.9 M	67.2 M	68.1 M	70.3 M	72 M	60.9 M	53.4 M	53.8 M	53.2 M	55.1 M	57.6 M	62 M	67.9 M	71.4 M	48.6 M	49 M	46.6 M	58.4 M	61.5 M	65.5 M	66.4 M	69 M	70.9 M	71 M	67.3 M	68.7 M	71.2 M	70.9 M	-	39.6 M	40.9 M	40.6 M	41.2 M	40.9 M	43 M	42 M	41.9 M	40.9 M	41.7 M	42.2 M	42.5 M	42.6 M	42.3 M
Gross Profit	-52.5 M	-54.1 M	-53.4 M	-57.5 M	-63.8 M	-72.5 M	-77.4 M	-78.1 M	-89 M	-90.1 M	-92.6 M	-89.1 M	-96.5 M	-95.6 M	-98.7 M	-96.9 M	-81.7 M	-61.6 M	-55.4 M	-56.8 M	-60 M	-60.1 M	-61.7 M	91.9 M	-63.6 M	-64.7 M	-66.8 M	95.2 M	-57.4 M	-50.7 M	-51 M	93.8 M	-51.9 M	-54 M	-57.7 M	97.9 M	-60.7 M	81 M	80.9 M	93.4 M	91 M	99.3 M	97.3 M	108 M	114 M	121 M	117 M	136 M	148 M	156 M	154 M	-	91.1 M	93.1 M	93.7 M	95 M	94.1 M	96.7 M	92.8 M	89.3 M	91.6 M	95.5 M	85.5 M	86.7 M	84.7 M	85.1 M
Operating Income	2.3 M	16.5 M	-3.3 M	-22.8 M	-7.25 M	-12.4 M	-14.9 M	1.02 M	-7.14 M	264 K	-14.4 M	10.7 M	-7.44 M	16.2 M	22.9 M	26.2 M	34.7 M	105 M	22.4 M	26.5 M	33.3 M	27.4 M	18.3 M	23.8 M	27.3 M	25 M	17.3 M	17.7 M	26.7 M	29 M	20.8 M	29.6 M	25.1 M	22.1 M	12.9 M	9.87 M	13 M	21.3 M	19.4 M	20.9 M	19.9 M	24.5 M	20.2 M	27.7 M	24.9 M	35.7 M	28.3 M	34.2 M	36.3 M	40.6 M	20.7 M	26.7 M	26 M	29.4 M	30.2 M	24.7 M	19.7 M	26.7 M	23.8 M	26.9 M	25.1 M	32.7 M	21.9 M	24.5 M	29.1 M	22 M
Interest Expense	1.59 M	1.88 M	2.21 M	-	2.91 M	2.96 M	3.1 M	-	4.24 M	4.57 M	5.3 M	-	6.07 M	6.11 M	6.08 M	-	2.34 M	174 K	-	-	-	-	-	-	-	-	-	-	452 K	-	-	-	-	-	-	-	175 K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	3.6 M	17.8 M	-2 M	-21.6 M	-5.95 M	-11.1 M	-13.6 M	2.22 M	-5.84 M	1.56 M	-13.1 M	12 M	-6.14 M	17.5 M	24.2 M	27.7 M	35.7 M	106 M	23 M	27.1 M	33.9 M	28 M	18.9 M	24.4 M	27.9 M	25.6 M	17.9 M	18.5 M	27.4 M	29.6 M	21.4 M	30.2 M	25.7 M	22.8 M	13.6 M	11 M	13.8 M	21.8 M	19.9 M	21.4 M	20.4 M	25 M	20.7 M	28.3 M	25.5 M	36.3 M	28.9 M	34.8 M	36.9 M	41.2 M	21.3 M	27 M	41.1 M	46.3 M	45.3 M	39.7 M	33.9 M	40.7 M	37.7 M	43.1 M	40 M	46.4 M	34.3 M	40.2 M	44.2 M	37.4 M
Operating Expenses	-54.8 M	-70.7 M	-50.1 M	-34.7 M	-56.5 M	-60 M	-62.5 M	-79.2 M	-81.9 M	-90.4 M	-78.2 M	-99.8 M	-89.1 M	-112 M	-122 M	-123 M	-116 M	-167 M	-77.8 M	-83.3 M	-93.3 M	-87.5 M	-80 M	68.1 M	-90.9 M	-89.7 M	-84.1 M	77.6 M	-84.1 M	-79.8 M	-71.8 M	64.3 M	-77.1 M	-76.1 M	-70.7 M	88 M	-73.7 M	59.7 M	61.6 M	72.5 M	71.1 M	74.8 M	77.1 M	80.5 M	88.7 M	85 M	88.3 M	101 M	112 M	115 M	133 M	-	65.1 M	63.7 M	63.5 M	70.3 M	74.4 M	70 M	69.1 M	62.5 M	66.5 M	62.8 M	63.6 M	62.2 M	55.6 M	63.1 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Heartland Express (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

How much revenue the company earned
How much it spent on production, personnel, marketing, taxes, etc.
What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features

The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

Reports on the profits and losses of other stocks in the Transport logistics industry

Issuer	Price	% 24h	Market Cap	Country
НКХП NKHP	-	-	-	Russia
Делимобиль DELI	-	-	-	Russia
U.S. Xpress Enterprises USX	-	-	$ 332 M	USA
C.H. Robinson Worldwide CHRW	$ 128.29	-0.55 %	$ 15.4 B	USA
Landstar System LSTR	$ 145.61	-0.58 %	$ 5.06 B	USA
Old Dominion Freight Line ODFL	$ 168.05	-1.66 %	$ 35.4 B	USA
USA Truck USAK	-	0.03 %	$ 286 M	USA
Globaltrans GLTR	-	-	-	Russia
Globaltruck GTRK	-	-	-	Russia
Транспортная группа FESCO FESH	-	-	-	Russia
FedEx Corporation FDX	$ 319.57	0.23 %	$ 75.7 B	USA
SFL Corporation Ltd. SFL	$ 10.71	-1.79 %	$ 1.43 B	Bermuda
НМТП NMTP	-	-	-	Russia
TFI International TFII	$ 94.25	-0.51 %	$ 7.83 B	Canada
Forward Air Corporation FWRD	$ 18.34	3.91 %	$ 563 M	USA
Whoosh \| Вуш Холдинг WUSH	-	-	-	Russia
Steel Connect STCN	-	-2.33 %	$ 75.7 M	USA
Universal Logistics Holdings ULH	$ 29.41	-0.68 %	$ 774 M	USA
United Parcel Service UPS	$ 111.03	0.06 %	$ 94.3 B	USA
Global Ship Lease GSL	$ 42.23	2.48 %	$ 1.52 B	Britain
Werner Enterprises WERN	$ 27.66	-0.82 %	$ 1.68 B	USA
XPO Logistics XPO	$ 188.26	0.12 %	$ 22.2 B	USA
Air Transport Services Group ATSG	-	0.04 %	$ 1.46 B	USA
Patriot Transportation Holding PATI	-	-	$ 57.2 M	USA
Golden Ocean Group Limited GOGL	-	-	$ 1.6 B	Bermuda
MingZhu Logistics Holdings Limited YGMZ	-	-	$ 381 K	China
Daseke DSKE	-	-0.12 %	$ 380 M	USA
Yellow Corporation YELL	-	-29.03 %	$ 56.5 M	USA
Cryoport CYRX	$ 20.76	1.42 %	$ 1.04 B	USA
Expeditors International of Washington EXPD	$ 189.16	-0.23 %	$ 25.7 B	USA
ArcBest Corporation ARCB	$ 133.94	1.06 %	$ 3.06 B	USA
Golar LNG Limited GLNG	$ 43.5	-0.29 %	$ 4.49 B	Bermuda
J.B. Hunt Transport Services JBHT	$ 226.29	0.88 %	$ 22 B	USA
Sino-Global Shipping America, Ltd. SINO	-	-6.44 %	$ 49.3 M	USA
Knight-Swift Transportation Holdings KNX	$ 62.09	1.04 %	$ 10.1 B	USA
Air T AIRT	$ 29.2	2.64 %	$ 78.9 M	USA
Covenant Logistics Group CVLG	$ 32.77	0.37 %	$ 840 M	USA
Schneider National SNDR	$ 29.02	0.35 %	$ 5.08 B	USA
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. PAC	$ 242.37	2.65 %	$ 122 T	Mexico
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. OMAB	$ 110.22	0.44 %	$ 42.6 B	Mexico
Radiant Logistics RLGT	$ 9.51	4.05 %	$ 446 M	USA
Saia SAIA	$ 339.45	-0.75 %	$ 9.08 B	USA
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Golar LNG Partners LP GMLP	-	0.57 %	$ 246 M	Bermuda
Hub Group HUBG	$ 24.37	-1.34 %	$ 1.48 M	USA
ZTO Express (Cayman) ZTO	$ 20.5	-0.8 %	$ 16.4 B	China
Echo Global Logistics, Inc. ECHO	-	-	$ 1.28 B	USA
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Marten Transport, Ltd. MRTN	$ 12.02	-0.78 %	$ 980 M	USA

Heartland Express Income Statement 2025-2007 | HTLD

Brief overview of income trends at Heartland Express

Conclusion

Annual Income Statement Heartland Express

Market Cap

Shares

Historical Prices

Net Income

Revenue

Cost of Revenue

Gross Profit

Operating Income

EBITDA

Operating Expenses

General and Administrative Expenses

Annual performance