HTLDHeartland Express, Inc.

$11.45+34% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 35 out of 100, Below average

Below average. Heartland Express, Inc. scores higher than 30% of the 1,794 companies Ryufin scores.

Carried by cycle position and capital allocation, held back by valuation and return on new capital.

Industrials median 53 · all companies 50

Valuation

26% of the score

0median 13

An operating loss over the last year: there are no earnings to price.

Return on capital

18% of the score

18median 34

Over 7 years the business earned 4.4% a year after tax on the capital it uses.

2%
8%
15%
25%
4.4%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest -5%

Return on new capital

16% of the score

0median 49

Over 6 years yearly profit fell by 66 cents for every dollar earned. New capital earned -28%, and 237% of profit went back into the business.

-5%
12%
-66%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

78median 64

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countDown 0.9% a year over 5 years: buybacks
74
5%
-3%
-0.9%
0 pointsfull points
Assets against salesAssets grew 4.6% a year, sales 4.5%
85
12%
-2%
0.1%
0 pointsfull points

Cycle position

12% of the score

100median 62

Today's operating margin of -2.3% is -0.19x its normal 12%: near a trough. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
-0.2x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow -2.3%

Balance sheet

8% of the score

41median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDA1.2x a year of EBITDA
81
4.5x
0.5x
1.2x
0 pointsfull points
Interest coverOperating profit covers interest -2x
0
1.5x
12x
-1.5x
0 pointsfull points

Earnings quality

6% of the score

100median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

AccrualsCash ran ahead of profit by 11.2% of assets
100
8%
0%
-8%
-11%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.