HEARTLAND EXPRESS INC
HTLDNasdaqIndustrials · Trucking (No Local) · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $58.1M | $78.0M | $94.8M | $50.7M | $11.4M | $14.3M |
| Operating income | −$57.4M | −$20.2M | $42.4M | $188.4M | $105.4M | $93.4M |
| Net income | −$52.5M | −$29.7M | $14.8M | $133.6M | $79.3M | $70.8M |
| Total assets | $1.19B | $1.33B | $1.51B | $1.67B | $928.5M | $951.2M |
| Total liabilities | — | — | — | — | — | — |
| Equity | $755.3M | $822.6M | $865.3M | $855.5M | $727.1M | $724.3M |
| EPS (diluted) | $-0.67 | $-0.38 | $0.19 | $1.69 | $1.00 | $0.87 |
| Shares out. | 78.5M | 79.1M | 79.0M | 78.9M | 80.0M | 82.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −98.8%
- Net margin
- −90.3%
- Return on equity
- −6.9%
- Return on assets
- −4.4%
- Return on capital (ROCE)
- −5.3%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $9.62
- Revenue growth (YoY)
- −25.5%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −11.9%clean
- Piotroski F-Score
- 3/8weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 3 warning● 2 good- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Dimensional Fund Advisors LpPassive (13G)Apr 9, 2026
- Gerdin Ann SPassive (13G)Feb 17, 2026
- Vanguard Group IncPassive (13G)Jan 30, 2026
- Blackrock, Inc.Passive (13G)Oct 17, 2025
- Gerdin Michael JActivist (13D)May 7, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Gerdin Michael JOfficer — Chief Executive Officer | May 19, 2026 | Gift | 4.5M | $0.00 |
| Ann S. Gerdin Revocable Trust10% owner | May 19, 2026 | Gift | 4.5M | $0.00 |
| Helmich Joshua StefanOfficer — CAO and Secretary | May 15, 2026 | Grant | 500 | $0.00 |
| Strain Christopher AlanOfficer — Vice President/CFO/Treasurer | May 15, 2026 | Grant | 500 | $0.00 |
| Rigdon Kent DarylOfficer — Chief Operating Officer | May 15, 2026 | Grant | 500 | $0.00 |
| Eickman Kris EricOfficer — VP of Information Technology | May 15, 2026 | Grant | 500 | $0.00 |
| Ann S. Gerdin Revocable Trust10% owner | May 15, 2026 | Grant | 500 | $0.00 |
| Millis David PaulOfficer — President of Millis Transfer | Apr 22, 2026 | Grant | 2,866 | $0.00 |
| Gerdin Michael JOfficer — Chief Executive Officer | Dec 1, 2025 | Gift | 10.0M | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.2M | 4.2 | +4.7% |
| Apr 30, 2026 | 2.1M | 4.5 | +17.5% |
| Apr 15, 2026 | 1.8M | 6.1 | -11.7% |
| Mar 31, 2026 | 2.0M | 5.2 | +16.5% |
| Mar 13, 2026 | 1.7M | 3.8 | -20.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer changeMay 19, 2026
- Shareholder voteMay 15, 2026
- Results of operationsApr 27, 2026
- Director / officer changeApr 22, 2026
- Director / officer changeMar 31, 2026
- Other material eventMar 18, 2026
- Results of operationsFeb 9, 2026
- Director / officer changeJan 7, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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