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HEARTLAND EXPRESS INC HTLD

Nasdaq · stock · Trucking (No Local) · website · IPO 1986-11-05 · LEI

HEARTLAND EXPRESS INC statistics & valuation

Market cap$1.2B
P / S1.5×
P / B1.6×
Dividend yield0.52%
Net margin-6.5%
Return on equity-6.9%
FCF margin-8.3%
Net debt$135.6M
Net debt / EBITDA1.3×
Enterprise value USD$1.3B
EV / EBITDA13.1×
Earnings yield EBIT/EV-4.3%
Return on capital-5.3%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
9.20% 12.40% 11.90% 12.20% 11.00% 13.10% 13.80% 1.20% -2.80% -6.50% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
14.00% 10.50% 14.70% 15.80% 14.50% 17.40% 19.50% 3.50% -1.90% -7.10% 2016201720182019202020212022202320242025
Return on equity (%)
11.10% 13.10% 11.80% 10.70% 9.80% 10.90% 15.60% 1.70% -3.60% -6.90% 2016201720182019202020212022202320242025
Shares outstanding
83.4M 83.3M 82.4M 82.0M 81.4M 79.6M 79.0M 79.1M 78.8M 77.9M 2016201720182019202020212022202320242025
Net debt ($)
-$161.4M -$157.7M $349.6M $262.6M $178.9M $135.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
7.60% 9.50% 9.00% 8.10% 7.40% 8.50% 8.00% 1.00% -2.20% -4.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
11.40% -12.30% -3.70% -2.90% -3.90% -1.50% 3.50% -3.60% 3.30% -8.30% 2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 0.00× 0.47× 0.34× 0.23× 0.20× 2016201720182019202020212022202320242025
EPS ($)
$0.68 $0.90 $0.88 $0.89 $0.87 $1.00 $1.69 $0.19 -$0.38 -$0.67 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

HEARTLAND EXPRESS INC trades at about 65.1× earnings — above its 10-year norm (10-year range 10×–68.2×, median 22.7×).

10× 68.2×

Shaded band = 10-year range (10×–68.2×); dot = today's 65.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-7.1%-1.9%3.5%19.5%17.4%14.5%15.8%14.7%10.5%14.0%
Net margin-6.5%-2.8%1.2%13.8%13.1%11.0%12.2%11.9%12.4%9.2%
FCF margin-8.3%3.3%-3.6%3.5%-1.5%-3.9%-2.9%-3.7%-12.3%11.4%
Return on assets-4.4%-2.2%1.0%8.0%8.5%7.4%8.1%9.0%9.5%7.6%
Return on equity-6.9%-3.6%1.7%15.6%10.9%9.8%10.7%11.8%13.1%11.1%
Debt / equity0.20×0.23×0.34×0.47×0.00×——0.00×——
Current ratio1.041.081.371.473.262.722.393.592.273.08

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.