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← CockpitCompetitor Analysis › HTLD Heartland Express, Inc.Open in the cockpit ↗

Heartland Express, Inc.HTLDCompetitor analysis, valuation and peers

United States · USD·Industrials›Trucking
Momentum weak 25
Mkt cap
$780M
US dollars, full cap
Free float
60%
of shares outstanding
$/day
$6.64M
20-day average traded
Fwd P/E
28.2×
forward earnings
ROIC−WACC
-14.9 pp
WACC 11.0%
Hurdle
n/a
no reverse DCF
Next earnings
90 days
4 Feb 2027
Close · USD$10.09
1D-0.6%
1W-1.3%
1M-11.1%
3M-14.1%
6M-23.7%
YTD+11.7%
1Y+30.7%
ATR %4.7%
Beta0.95
52w lowhigh39.3% off high

What Heartland Express does

No business profile yet.

Heartland Express at a glance

Size Heartland Express (HTLD) is a United States Industrials company (Trucking) with a market value of $780M, the 2414th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.09 on 6 Nov 2026.

Performance Over six months the shares fell 23.7%, against -8.4% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue fell 17.2% over the last twelve months (peer median +3.4%); the operating margin is -5.7% (peer median 5.1%).

Valuation It trades at 28.2× forward earnings against a peer median of 15.5× (3rd most expensive of 15).

Capital Return on invested capital runs 14.9 points below its cost of capital (11.0% WACC).

Short interest Short interest is 4.3% of the free float (15 Oct 2026).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 92HTLD 80
Six months, rebased to 100: Heartland Express against the median of its 20 peers (local-currency closes).

Heartland Express financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$719M$806M$1.05B$1.21B$968M
Revenue growth—-23%-13%+25%—
Gross profit$4.01M-$7.65M$38.9M$78.2M$150M
EBITDA$95.1M$97.3M$154M$200M$224M
Net income-$12.7M-$52.5M-$29.7M$14.8M$134M
Free cash flown/a-$66.9M$34.8M-$43.3M$34.1M
Capital expendituren/a$156M$110M$209M$161M
Total debt$114M$161M$209M$317M$434M

Quarterly statements and history in the cockpit →

Heartland Express competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%-20%0%+20%9039CVLG6006766036869304ULH600650TCI9068TGHN300867MRTNVRLLOG001317FWRDNTG001228301068HTLD6-month return →1-month return →
Up and to the right = strong over both horizons. Heartland Express is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%+20%0×50×100×150×9039CVLG603686ULHTCI9068TGHNMRTNFWRDNTG9369301068HTLDRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Heartland Express is the large dot.

Heartland Express competitors and peer comparison

How Heartland Express compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Heartland Express against its 20 peers (data as of 6 Nov 2026)
MeasureHTLDPeer medianRank in peer set
1-month return-11.1%-3.3%7th lowest of 21
6-month return-23.7%-8.4%6th lowest of 21
Distance from 52-week high-39.3%-26.7%6th lowest of 21
Revenue growth (TTM)-17.2%+3.4%3rd lowest of 21
Operating margin-5.7%5.1%2nd lowest of 21
Forward P/E28.2×15.5×3rd most expensive of 15
ROIC minus cost of capital-14.9 pp-0.3 pp2nd lowest of 21
EV / EBITDA8.9×9.0×7th cheapest of 14
Net debt / EBITDA0.7×2.1×6th least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Heartland Express HTLDUnited States$780M-24%-17%-6%28.2×n/an/a
Sakai Moving Service 9039.TJapan$785M+2%+4%10%13.7×-11.2%+4.5%
Covenant Logistics CVLGUnited States$801M-5%+12%1%12.3×n/an/a
Shanghai Juss Sports and Entertainment 600676.SSChina$802M-36%-14%-15%n/a5.1%-11.0%
Fulongma 603686.SSChina$743M-37%+6%6%27.8×2.4%-2.0%
Shibusawa Logistics 9304.TJapan$723M+48%+2%5%n/a16.9%+4.1%
Universal Logistics ULHUnited States$715M+108%-7%4%13.9×n/an/a
Shanghai Jin Jiang Online Network Service 600650.SSChina$705M-14%-19%-2%n/a5.6%-10.8%
Transport Corporation of India TCI.NSIndia$700M-12%+12%8%14.2×14.9%+11.9%
Maruzen Showa Unyu 9068.TJapan$922M-15%+3%10%10.5×-7.4%+4.2%
Logwin TGHN.DEGermany$942M+5%-6%5%15.2×-16.0%+3.9%
Shengyuan Environmental Protection 300867.SZChina$638M-24%+3%28%11.8×-4.1%+8.5%
Marten Transport MRTNUnited States$959M-25%-5%1%27.1×n/an/a
VRL Logistics VRLLOG.NSIndia$624M+27%+11%14%16.1×6.2%+12.8%
San Yang Ma (Chongqing) Logistics 001317.SZChina$606M-11%-51%4%n/a35.8%+7.1%
Forward Air FWRDUnited States$562M+69%0%3%153.6×17.1%+14.5%
NTG Nordic Transport Group A/S NTG.CODenmark$1.09B+71%+16%5%20.6×-0.4%+16.4%
Yongtaiyun Chemical Logistics 001228.SZChina$481M+7%+31%5%n/an/an/a
K.R.S.Corporation 9369.TJapan$441M-9%+4%3%32.4×n/an/a
Hangzhou Dadi Haiyang Environmental Protection 301068.SZChina$409M-45%+25%3%15.7×16.2%+23.5%
Kerry TJ Logistics 2608.TWTaiwan$391M-8%-1%12%n/a-5.0%+0.8%

Questions

Which companies are Heartland Express's closest peers?
The cockpit's peer set: Sakai Moving Service (9039.T), Covenant Logistics (CVLG), Shanghai Juss Sports and Entertainment (600676.SS), Fulongma (603686.SS), Shibusawa Logistics (9304.T), Universal Logistics (ULH), Shanghai Jin Jiang Online Network Service (600650.SS), Transport Corporation of India (TCI.NS).
Is Heartland Express expensive compared with its peers?
On forward p/e it trades at 28.2× against a peer median of 15.5×, 3rd most expensive of 15 in its peer set.
How has Heartland Express stock performed?
Over six months to 6 Nov 2026 the shares returned -23.7% against -8.4% for the median peer; over one year +30.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.