Heartland Express, Inc. (HTLD)

Heartland Express Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	868.93	1,048	1,207	968	607.28	645.26
Revenue Growth (YoY)	-19.56%	-13.25%	24.74%	59.40%	-5.89%	8.12%
Cost of Revenue	633.26	765.28	873.65	641.25	379.41	393.15
Gross Profit	235.67	282.24	333.81	326.74	227.87	252.12
Selling, General & Admin	57.69	55.17	50.58	39.24	23.03	24.03
Other Operating Expenses	63.02	73.29	82.9	63.01	32.8	39.56
Operating Expenses	286.47	309.98	332.51	235.29	159.9	173.53
Operating Income	-50.8	-27.74	1.3	91.45	67.97	78.59
Interest Expense	-12.44	-17.58	-24.19	-8.56	-	-
Interest & Investment Income	0.79	1.14	1.66	1.29	0.64	0.84
EBT Excluding Unusual Items	-62.44	-44.18	-21.23	84.19	68.61	79.43
Gain (Loss) on Sale of Assets	17.25	7.51	41.09	96.91	37.44	14.83
Pretax Income	-45.19	-36.68	19.85	181.09	106.05	94.26
Income Tax Expense	-10.33	-6.95	5.08	47.51	26.77	23.46
Net Income	-34.86	-29.72	14.78	133.58	79.28	70.81
Net Income to Common	-34.86	-29.72	14.78	133.58	79.28	70.81
Net Income Growth	-	-	-88.94%	68.50%	11.96%	-2.96%
Shares Outstanding (Basic)	78	79	79	79	80	81
Shares Outstanding (Diluted)	78	79	79	79	80	81
Shares Change (YoY)	-0.92%	-0.38%	0.13%	-0.80%	-2.25%	-0.71%
EPS (Basic)	-0.45	-0.38	0.19	1.69	1.00	0.87
EPS (Diluted)	-0.45	-0.38	0.19	1.69	1.00	0.87
EPS Growth	-	-	-88.94%	69.63%	14.52%	-2.25%
Free Cash Flow	-68.18	34.81	-43.33	34.15	-9.22	-25.49
Free Cash Flow Per Share	-0.87	0.44	-0.55	0.43	-0.12	-0.31
Dividend Per Share	0.080	0.080	0.080	0.080	0.080	0.080
Gross Margin	27.12%	26.94%	27.65%	33.75%	37.52%	39.07%
Operating Margin	-5.85%	-2.65%	0.11%	9.45%	11.19%	12.18%
Profit Margin	-4.01%	-2.84%	1.22%	13.80%	13.05%	10.97%
Free Cash Flow Margin	-7.85%	3.32%	-3.59%	3.53%	-1.52%	-3.95%
EBITDA	114.96	153.78	200.34	224.5	172.2	188.97
EBITDA Margin	13.23%	14.68%	16.59%	23.19%	28.36%	29.29%
D&A For EBITDA	165.76	181.52	199.04	133.05	104.23	110.38
EBIT	-50.8	-27.74	1.3	91.45	67.97	78.59
EBIT Margin	-5.85%	-2.65%	0.11%	9.45%	11.19%	12.18%
Effective Tax Rate	-	-	25.58%	26.23%	25.24%	24.88%
Advertising Expenses	-	4.3	5.3	4.8	2.2	1.8

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q