Is the business good?
How good a business is HTLD?
Heartland Express, Inc. earns −4.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−4.2%
Return on invested capital · cost of capital 9.0% · 13 points below what the capital costs: growth destroys value
- Operating margin
- −6.0%
Operating margin · Trucking median 1.8% · 12 months to Q1 2026
- Share count, year on year
- −1.4%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 14% |
| FY2021 | 17% |
| FY2022 | 19% |
| FY2023 | 3.5% |
| FY2024 | −1.9% |
| FY2025 | −7.1% |
Details›
- Operating margin12 months to Q1 2026
- −6.0%
- Net margin12 months to Q1 2026
- −5.7%
- Free cash flow margin
- −8.4%
- Revenue, trailing twelve months
- $763M
- Free cash flow, trailing twelve months
- −$64M
- Net income, trailing twelve months
- −$43M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −4.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.