HEARTLAND EXPRESS INC
HTLD · Trucking (No Local) · 77.5M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Reference price $15.67 · est. market cap ~$1.2B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D49Loss-making truckload carrier with widening losses and very thin cash, partly offset by low debt and positive operating cash flow.
Strengths
- Positive operating cash flow (OCF margin 11.1%, 58th pct) and low debt-to-equity 0.20
- Large $755M equity base and progress paying down acquisition debt
Risks
- Net loss of $52.5M; 107.1% operating ratio; ROE -6.9% and ROA -4.4% (25th pct)
- Negative FCF -$66.8M and cash runway of only 1.1 quarters (14th pct)
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-7.1%
Net margin
-6.5%
Return on equity
-6.9%
Return on assets
-4.4%
ROIC
-5.0%
Revenue growth (QoQ)
-1.7%
Debt / equity
0.2×
Net debt / EBITDA
1.3×
Current ratio
1.0×
Free cash flow
-$67M
EBITDA
$102M
Tangible book value
$363M
Cash & investments
$18M
Cash runway
1q
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Millis David Paul | Sell | 31K | $15.67 |
| 2026-06-10 | SPALDING DAVID P | Buy | 2.0K | $15.69 |
| 2026-05-19 | GERDIN MICHAEL J | Gift | 4.5M | — |
| 2026-05-19 | Ann S. Gerdin Revocable Trust | Gift | 4.5M | — |
| 2026-05-19 | GERDIN MICHAEL J | Gift | 4.5M | — |
| 2026-05-15 | Rigdon Kent Daryl | Grant | 500 | — |
| 2026-05-15 | Rigdon Kent Daryl | Tax withheld | 167 | $13.30 |
| 2026-05-15 | Ann S. Gerdin Revocable Trust | Grant | 500 | — |
| 2026-05-15 | Strain Christopher Alan | Grant | 500 | — |
| 2026-05-15 | Helmich Joshua Stefan | Grant | 500 | — |
| 2026-05-15 | Helmich Joshua Stefan | Tax withheld | 167 | $13.30 |
| 2026-05-15 | EICKMAN KRIS ERIC | Grant | 500 | — |
| 2026-05-15 | EICKMAN KRIS ERIC | Tax withheld | 167 | $13.30 |
| 2026-04-24 | Millis David Paul | Grant | 2.0K | — |
| 2026-04-24 | Millis David Paul | Tax withheld | 746 | $13.03 |
| 2026-04-22 | Millis David Paul | Tax withheld | 1.1K | $11.58 |
| 2026-04-22 | Millis David Paul | Grant | 2.9K | — |
| 2025-12-01 | GERDIN MICHAEL J | Gift | 10.0M | — |
| 2025-12-01 | Ann S. Gerdin Revocable Trust | Gift | 10.0M | — |
| 2025-12-01 | GERDIN MICHAEL J | Gift | 10.0M | — |
| 2025-10-22 | Millis David Paul | Grant | 12K | — |
| 2025-10-22 | Millis David Paul | Tax withheld | 3.9K | $8.37 |
| 2025-10-01 | Helmich Joshua Stefan | Tax withheld | 70 | $8.33 |
| 2025-10-01 | Rigdon Kent Daryl | Tax withheld | 70 | $8.33 |
| 2025-08-18 | GERDIN MICHAEL J | Buy | 25K | $8.19 |
| 2025-08-15 | GERDIN MICHAEL J | Buy | 3.9K | $8.20 |
| 2025-08-14 | GERDIN MICHAEL J | Buy | 1.3K | $8.20 |
| 2025-07-01 | Helmich Joshua Stefan | Tax withheld | 86 | $8.93 |
| 2025-07-01 | Rigdon Kent Daryl | Tax withheld | 86 | $8.93 |
| 2025-05-14 | Ann S. Gerdin Revocable Trust | Gift | 5.5M | — |
| 2025-05-14 | PRATT JAMES G | Buy | 6.6K | $8.96 |
| 2025-05-14 | GERDIN MICHAEL J | Gift | 5.5M | — |
| 2025-05-14 | GERDIN MICHAEL J | Gift | 5.5M | — |
| 2025-05-12 | Hupfeld Amanda | Buy | 2.0K | $8.76 |
| 2025-05-12 | Ann S. Gerdin Revocable Trust | Buy | 168K | $8.95 |
| 2025-05-09 | GERDIN MICHAEL J | Buy | 148K | $8.50 |
| 2025-05-08 | Ann S. Gerdin Revocable Trust | Buy | 100K | $8.23 |
| 2025-05-07 | Ann S. Gerdin Revocable Trust | Buy | 148K | $7.70 |
| 2025-05-06 | Ann S. Gerdin Revocable Trust | Buy | 148K | $7.60 |
| 2025-05-05 | GERDIN MICHAEL J | Buy | 148K | $7.85 |
| 2025-04-01 | Helmich Joshua Stefan | Tax withheld | 83 | $9.30 |
| 2025-04-01 | Rigdon Kent Daryl | Tax withheld | 78 | $9.30 |
| 2025-04-01 | Trimble Todd Allan | Tax withheld | 83 | $9.30 |
| 2025-01-01 | Ann S. Gerdin Revocable Trust | Grant | 1.0K | — |
| 2025-01-01 | Helmich Joshua Stefan | Grant | 1.0K | — |
| 2025-01-01 | EICKMAN KRIS ERIC | Grant | 1.0K | — |
| 2025-01-01 | Rigdon Kent Daryl | Grant | 1.0K | — |
| 2025-01-01 | Rigdon Kent Daryl | Tax withheld | 83 | $10.96 |
| 2025-01-01 | Trimble Todd Allan | Grant | 1.0K | — |
| 2025-01-01 | Trimble Todd Allan | Tax withheld | 83 | $10.96 |
| 2025-01-01 | Strain Christopher Alan | Grant | 1.0K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-17 | 2026-06-12 | 0000799233-26-000035 ↗ |
| 8-K | 2026-05-19 | 2026-05-14 | 0000799233-26-000033 ↗ |
| 8-K | 2026-05-15 | 2026-05-14 | 0000799233-26-000031 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0000799233-26-000028 ↗ |
| 8-K | 2026-04-27 | 2026-04-23 | 0000799233-26-000025 ↗ |
| 8-K | 2026-04-22 | 2026-04-16 | 0000799233-26-000023 ↗ |
| 8-K | 2026-03-31 | 2026-03-25 | 0000799233-26-000012 ↗ |
| 8-K | 2026-03-18 | 2026-03-13 | 0000799233-26-000009 ↗ |
| 10-K | 2026-03-03 | 2025-12-31 | 0000799233-26-000006 ↗ |
| 8-K | 2026-02-09 | 2026-02-03 | 0000799233-26-000004 ↗ |
| 8-K | 2026-01-07 | 2025-12-31 | 0000799233-26-000002 ↗ |
| 8-K | 2025-12-19 | 2025-12-16 | 0000799233-25-000055 ↗ |