Heartland Express financials
$11.65+1.84%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $805.7M | $1.05B | $1.21B | $968.0M | $607.3M | $645.3M | $596.8M | $610.8M | $607.3M | $612.9M |
| Gross profit | $805.7M | $1.05B | $1.21B | $968.0M | $607.3M | $645.3M | $596.8M | $610.8M | $607.3M | $612.9M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$80.9M | -$27.7M | $1.3M | $145.7M | $71.8M | $78.6M | $62.9M | $64.8M | $36.9M | $76.4M |
| Net income | -$52.5M | -$29.7M | $14.8M | $133.6M | $79.3M | $70.8M | $73.0M | $72.7M | $75.2M | $56.4M |
| Net margin | −6.5% | −2.8% | 1.2% | 13.8% | 13.1% | 11.0% | 12.2% | 11.9% | 12.4% | 9.2% |
| Diluted EPS | $-0.67 | $-0.38 | $0.19 | $1.69 | $1.00 | $0.87 | $0.89 | $0.88 | $0.90 | $0.68 |
| EBITDA | $97.3M | $153.8M | $200.3M | $278.8M | $176.0M | $189.0M | $163.9M | $166.2M | $140.8M | $181.9M |
| Operating cash flow | $89.3M | $144.3M | $165.3M | $194.7M | $123.4M | $178.8M | $146.4M | $146.5M | $109.5M | $155.8M |
| Free cash flow | -$66.9M | $34.8M | -$43.3M | $34.1M | -$9.2M | -$25.5M | -$17.4M | -$22.7M | -$74.6M | $69.7M |
| Diluted shares | 77.9M | 78.8M | 79.1M | 79.0M | 79.6M | 81.4M | 82.0M | 82.4M | 83.3M | 83.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $18.5M | $12.8M | $28.1M | $49.5M | $157.7M | $113.9M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $159.8M | $200.7M | $300.0M | $413.0M | $0.00 | $0.00 |
| Total assets | $1.19B | $1.33B | $1.51B | $1.67B | $928.5M | $951.2M |
| Total liabilities | $436.3M | $511.6M | $644.4M | $814.0M | $201.4M | $226.8M |
| Shareholders' equity | $755.3M | $822.6M | $865.3M | $855.5M | $727.1M | $724.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology