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Companies / Industrials / Heartland Express, Inc.
HTLD

Heartland Express, Inc.

IndustrialsTransportation & Utilities
Ticker HTLDNORTH LIBERTY, IAFiscal year ends DecemberBook value per share $9.74Diluted shares 77.4M

Heartland Express, Inc. (Nasdaq: HTLD) is a truckload carrier and transportation services provider focused primarily on nationwide, asset-based dry van freight for major shippers across the United States, with cross-border services and other transportation offerings in Mexico. Its short-, medium- and long-haul… From the company’s description.

Over the twelve months to Sep 30, 2026, Heartland Express, Inc. reported revenue of $719.24M, down 17.2% from a year earlier. Its operating margin was −1.0%, and operations generated $70.02M in cash. In fiscal 2025, it reported revenue of $805.71M, down 23.1% from fiscal 2024.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$805.71MFY2025
−23.1% year over year
Last 12 mo $719.24M
-7.13%FY2025
−5.2 percentage points
Last 12 mo -1.01%
—
0.00%FY2025
Cash & financing
$89.31MFY2025
−38.1% year over year
Last 12 mo $70.02M
$-66.85MFY2025
−292.0% year over year
Last 12 mo $-81.06M
0.21FY2025
Was 0.24× a year earlier
Last 12 mo 0.13
77.9MFY2025
−1.1% year over year
Last 12 mo 77.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Heartland Express, Inc. does

In the company’s own words

Heartland Express, Inc. (Nasdaq: HTLD) is a truckload carrier and transportation services provider focused primarily on nationwide, asset-based dry van freight for major shippers across the United States, with cross-border services and other transportation offerings in Mexico. Its short-, medium- and long-haul operations primarily serve retailers, manufacturers and parcel carriers, including customers with time-sensitive shipments; the company also offers temperature-controlled truckload service and Mexico logistics. Heartland manages its brands on a combined basis rather than reporting separate operating segments, and operates under the Heartland Express, Millis Transfer, Smith Transport and CFI brands, with CFI used for services within Mexico following the integration and rebranding of its U.S. operations into Heartland Express at the end of 2025. Founded in 1978, the company has expanded through organic growth and acquisitions, including the 2022 acquisitions of Smith Transport and CFI. In 2025, it generated $805.7 million in revenue and averaged approximately 4,560 drivers and non-driving personnel. Its website is www.heartlandexpress.com.

Company details
Sector
Industrials
Industry (SIC)
Transportation & Utilities
Headquarters
NORTH LIBERTY, IA
Fiscal year end
December
CIK
799233
SIC
4213

Financial performance, year by year

Fiscal 2011–2025 · USD
$-120.75M$241.49M$603.73M$965.97M$1.33B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Heartland Express, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

221
funds hold it
1 of 35
superinvestors hold it
$287.03M
held by funds, at market
25.5%
of shares held by funds

Superinvestors in Heartland Express, Inc. · what they did last quarter

Tweedy BrowneINCREASED +9.1%
Tweedy, Browne
0.2%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Heartland Express, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.04%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Heartland Express, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Heartland Express, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Heartland Express, Inc.'s last four quarterly filings that the numbers alone won't show?”
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