# HEARTLAND EXPRESS INC (HTLD) · Edgar & Edgarette company card

> Heartland Express (HTLD) saw revenue fall 23.1% in FY2025 to $806 million, operating margin -7.1% against a 2.6% median for trucking (no local), equity 63.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 799233 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/HTLD) · [JSON](https://www.pops4.com/boards/company/HTLD.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $806M |
| Revenue growth, 1 year | -23.1% |
| Revenue growth per year | 7.3% |
| Operating margin | -7.1% (prior year -1.9%) |
| Net margin | -6.5% |
| Operating cash flow | $89M |
| Capital spending | $156M |
| Free cash flow | −$67M |
| Cash | $18M |
| Long-term debt | $156M |
| Total assets | $1.2B |
| Total equity | $755M |
| Equity ÷ assets | 63.4% |
| Return on equity | -6.9% |
| Dividend per share | $0.08 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: 4.16 (safe zone)
- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating loss: a margin of -7.1% in FY2025; free cash flow was negative: capital spending outran operating cash (-$66.9M in FY2025); revenue is hard to predict: its 80% range is ±38%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $805.7M (FY2025), total debt $156.0M. Experience: revenue down 23.1% on the year, up 7.3% a year over 4 years; operating margin -7.1%, down from -1.9%. Soundness: equity 63.4% of assets, return on equity -6.9%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $452.6M and $1.0B next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $368.7M to $1.3B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, trucking (no local)): operating margin -7.1% against a 2.6% median; growth -23.1% against -1.7%.

Range logged 2026-09-25, receipt edc2996157e77c30, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 5, latest 2026-09-02 ([filing](https://www.sec.gov/Archives/edgar/data/799233/000079923326000041/0000799233-26-000041-index.htm))

## Recent filings

- 8-K · filed 2026-10-21 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/799233/000079923326000045/0000799233-26-000045-index.htm)
- 8-K · filed 2026-09-17 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/799233/000079923326000043/0000799233-26-000043-index.htm)
- 8-K · filed 2026-09-02 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/799233/000079923326000041/0000799233-26-000041-index.htm)
- 10-Q · filed 2026-08-10 · [filing](https://www.sec.gov/Archives/edgar/data/799233/000079923326000039/0000799233-26-000039-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/799233/000079923326000037/0000799233-26-000037-index.htm)
- 8-K · filed 2026-06-17 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/799233/000079923326000035/0000799233-26-000035-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000799233.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=799233

## Cite

POPS4, Edgar & Edgarette: HEARTLAND EXPRESS INC (HTLD) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/HTLD. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.