Financials Heartland Express, Inc.

Equities

HTLD

US4223471040

Ground Freight & Logistics

Market Closed - Nasdaq Other stock markets 21:00:00 10/12/2025 GMT			5-day change	1st Jan Change
9.260 ^USD	+3.23%		+4.99%	-17.47%

12-09	Heartland Express to integrate U.S. operations of Contract Freighters Inc in Co	RE
12-09	Heartland Express to Integrate US Operations of Contract Freighters	MT

Projected Income Statement: Heartland Express, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	645.3	607.3	968	1,207	1,048	820.3	795.7	845
Change	-	-5.89%	59.4%	24.74%	-13.25%	-21.69%	-2.99%	6.19%
EBITDA ¹	203.4	209.5	321.4	241.4	161.3	123.6	155.8	213
Change	-	3.02%	53.42%	-24.88%	-33.19%	-23.39%	26.09%	36.7%
EBIT ¹	93.42	105.4	188.4	42.38	-20.24	-35.96	-8.086	40.92
Change	-	12.83%	78.7%	-77.5%	-147.74%	-77.7%	77.51%	606.03%
Interest Paid ¹	-	-	-7.267	-22.53	-16.44	-13	-20	-
Earnings before Tax (EBT) ¹	94.26	106	181.1	19.85	-36.68	-54	-23.73	37.26
Change	-	12.5%	70.76%	-89.04%	-284.73%	-47.24%	56.05%	257%
Net income ¹	70.81	79.28	133.6	14.78	-29.72	-41.59	-17.93	33.65
Change	-	11.96%	68.5%	-88.94%	-301.16%	-39.92%	56.89%	287.68%
Announcement Date	19/01/21	20/01/22	03/02/23	31/01/24	28/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	155.8	152.4	154.1	152.6	148.1	151.3	187.8	274	354.9	330.9	306.2	295	275.3	270.3	274.8	259.9	242.6	219.4	210.4	196.5	192.8	207	200	200	196
Change	-	-2.17%	1.13%	-0.98%	-2.93%	2.11%	24.16%	45.87%	29.55%	-6.76%	-7.48%	-3.64%	-6.67%	-1.83%	1.64%	-5.42%	-6.65%	-9.55%	-4.12%	-6.58%	-1.89%	7.35%	-3.38%	0%	-2%
EBITDA ¹	52.28	45.2	53.31	58.55	52.42	45.71	56.19	71.71	76.8	71.36	64.57	43.67	61.82	32.12	46.4	37.82	44.95	26.73	29.04	31.49	36	-	-	-	-
Change	-	-13.52%	17.92%	9.84%	-10.47%	-12.82%	22.94%	27.62%	7.11%	-7.09%	-9.52%	-32.36%	41.56%	-48.05%	44.46%	-18.5%	18.86%	-40.53%	8.66%	8.42%	14.32%	-	-	-	-
EBIT ¹	23.76	18.28	27.35	33.27	26.5	22.4	31.88	36.92	26.17	22.89	16.23	-7.44	10.7	-14.38	0.264	-7.139	1.022	-14.9	-12.42	-7.252	-4.3	-	-	-	-
Change	-	-23.08%	49.63%	21.65%	-20.34%	-15.5%	42.35%	15.8%	-29.12%	-12.52%	-29.1%	-145.84%	243.88%	-234.36%	101.84%	-2,804.17%	114.32%	-1,557.73%	16.64%	41.61%	40.71%	-	-	-	-
Charge d'intérêts ¹	-	-	-	-	-	-	-	-1.808	-5.69	-6.075	-6.111	-5.791	-5.63	-4.936	-4.574	-3.985	-3.232	-2.976	-2.764	-2.673	-5	-	-	-	-
Earnings before Tax (EBT) ¹	23.9	18.42	27.53	33.45	26.65	22.54	105.1	32.93	20.48	17.3	10.71	-13.23	5.075	-19.32	-4.022	-11.12	-2.21	-17.87	-15.18	-9.925	-11	-	-	-	-
Change	-	-22.95%	49.46%	21.54%	-20.34%	-15.42%	366.44%	-68.68%	-37.83%	-15.51%	-38.08%	-223.53%	138.36%	-480.67%	79.18%	-176.58%	80.13%	-708.78%	15.06%	34.63%	-10.83%	-	-	-	-
Net income ¹	17.67	13.73	20.74	24.47	20.33	16.78	76.91	24.42	15.49	12.61	7.771	-10.7	5.095	-15.11	-3.478	-9.283	-1.854	-13.87	-10.86	-8.284	-9	-	-	-	-
Change	-	-22.28%	51.03%	17.95%	-16.89%	-17.5%	358.46%	-68.25%	-36.56%	-18.57%	-38.38%	-237.73%	147.6%	-396.53%	76.98%	-166.91%	80.03%	-648.27%	21.75%	23.68%	-8.64%	-	-	-	-
Announcement Date	19/01/21	21/04/21	19/07/21	14/10/21	20/01/22	21/04/22	25/07/22	02/11/22	03/02/23	27/04/23	31/07/23	26/10/23	31/01/24	23/04/24	23/07/24	29/10/24	28/01/25	30/04/25	24/07/25	31/10/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Heartland Express, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-114	-158	364	272	188	117	24.6	-98.7
Change	-	-38.6%	330.38%	-25.27%	-30.88%	-37.74%	-78.97%	-501.22%
Announcement Date	19/01/21	20/01/22	03/02/23	31/01/24	28/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Heartland Express, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	111.2	132.6	160.6	208.6	109.5	74.5	101.5	60
Change	-	19.31%	21.06%	29.91%	-47.49%	-31.99%	36.24%	-40.89%
Free Cash Flow (FCF) ¹	67.67	121	206.9	-43.33	34.81	106	123	-
Change	-	78.74%	71.04%	-120.94%	180.34%	204.49%	16.04%	-100%
Announcement Date	19/01/21	20/01/22	03/02/23	31/01/24	28/01/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Heartland Express, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	31.52%	34.5%	33.2%	19.99%	15.4%	15.06%	19.58%	25.2%
EBIT Margin (%)	14.48%	17.36%	19.46%	3.51%	-1.93%	-4.38%	-1.02%	4.84%
EBT Margin (%)	14.61%	17.46%	18.71%	1.64%	-3.5%	-6.58%	-2.98%	4.41%
Net margin (%)	10.97%	13.05%	13.8%	1.22%	-2.84%	-5.07%	-2.25%	3.98%
FCF margin (%)	10.49%	19.92%	21.37%	-3.59%	3.32%	12.92%	15.46%	-
FCF / Net Income (%)	95.58%	152.58%	154.88%	-293.26%	-117.13%	-254.9%	-686.07%	-
Profitability
ROA	7.65%	8.44%	10.28%	0.93%	-2.09%	-3.07%	-1.43%	2.83%
ROE	10.05%	10.92%	16.88%	1.72%	-3.52%	-4.59%	-1.88%	4.08%
Financial Health
Leverage (Debt/EBITDA)	-	-	1.13x	1.13x	1.17x	0.95x	0.16x	-
Debt / Free cash flow	-	-	1.76x	-6.27x	5.4x	1.1x	0.2x	-
Capital Intensity
CAPEX / Current Assets (%)	17.23%	21.84%	16.59%	17.28%	10.46%	9.08%	12.76%	7.1%
CAPEX / EBITDA (%)	54.67%	63.32%	49.96%	86.4%	67.91%	60.29%	65.15%	28.17%
CAPEX / FCF (%)	164.29%	109.65%	77.61%	-481.42%	314.65%	70.28%	82.52%	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	0.08	0.58	0.08	0.08	0.08	0.08	0.0821	0.0834
Change	-	625%	-86.21%	0%	0%	0%	2.64%	1.56%
Book Value Per Share ¹	8.981	9.213	10.83	10.95	10.48	9.857	9.574	9.784
Change	-	2.58%	17.56%	1.07%	-4.3%	-5.91%	-2.87%	2.19%
EPS ¹	0.87	1	1.69	0.19	-0.38	-0.5174	-0.1922	0.4509
Change	-	14.94%	69%	-88.76%	-300%	-36.17%	62.86%	334.61%
Nbr of stocks (in thousands)	80,798	78,905	78,938	79,027	78,497	77,448	77,448	77,448
Announcement Date	19/01/21	20/01/22	03/02/23	31/01/24	28/01/25	-	-	-